BUYING A LAND ROVER
Current Market
Peak Performance
Land Rover is a British luxury SUV manufacturer known for producing rugged and capable vehicles that excel both on and off-road. The brand is renowned for its iconic designs, advanced technology, and commitment to adventure and exploration.
The market for Land Rover vehicles currently experiences both opportunities and challenges:
SUV Popularity: The global demand for SUVs continued to grow, and Land Rover's lineup of luxury SUVs remained well-positioned to cater to this trend. Models like the Range Rover, Range Rover Sport, and Discovery gained popularity among consumers seeking both comfort and versatility.
Electric and Hybrid Technology: Like many automakers, Land Rover was making strides in electrification. The introduction of hybrid and electric variants, such as the Range Rover PHEV (Plug-in Hybrid Electric Vehicle), showcased the brand's commitment to sustainability and reducing emissions.
Growing Competition: The luxury SUV market is highly competitive, with several other prestigious automakers vying for market share. Land Rover faced competition from brands like BMW, Mercedes-Benz, Audi, and Porsche, among others
Expanding Global Presence: Land Rover maintained a strong global presence, with a significant market share in regions like Europe, North America, China, and other emerging markets.
Demand for Adventure and Off-Road Capability: Land Rover's reputation for off-road capability and adventure-driven design appealed to consumers seeking vehicles that could handle various terrains and weather conditions.
Are Land Rovers a good investment?
The value of investing in a Land Rover depends on several factors, such as maintenance expenses, resale value, and the specific model chosen. While Land Rovers are generally known for their reliability, repair costs can be substantial. Resale value varies among models and years, with some holding their value better than others.
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Owning a Land Rover can be expensive due to higher initial purchase costs and above-average fuel consumption. Ultimately, determining if a Land Rover is a good investment is a personal decision, considering individual preferences and priorities.
Financing options
The best way to finance a Land Rover
There are several financing options available to help you acquire a new or pre-owned Land Rover.
One such option is hire purchase, which allows you to make monthly payments towards the car and provides the opportunity to buy the vehicle outright at the end of a fixed-term contract.
Next there is Personal Contract Purchase (PCP) which allows you to keep, exchange or return the vehicle at the end of the agreement. This product is the most flexible form of car finance.
Once obtained, refinance is always an option. Refinance is a form of equity release that unlocks cash from your vehicle. The released funds can be used for whatever purpose you wish.
Things to consider:
1. CAN YOU AFFORD IT?
One should always keep in mind that the expenses associated with owning a high-performance vehicle such as a Land Rover go far beyond the upfront cost. It's essential to take into account the recurring costs of maintenance, including items like tires and brake pads. Additionally, fuel consumption should be considered. With Land Rover, you are able to go places yo simply cant with other cars. this does come at the cost of the extremely high fuel consumption.
2. MAINTENANCE/INSURANCE/ADDITIONAL COSTS
Certain Land Rover parts and maintenance expenses can be undeniably high, regardless of the measurement used. Owning a high-performance car entails going through tires approximately every 6,000 miles. While independent specialists can help mitigate costs to some extent, they too are subject to the notably steep prices of original equipment manufacturer (OEM) parts.
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When insuring a Land Rover, the premiums may be comparatively lower, but the long-term costs can escalate due to the scarcity of parts and the specialised level of care required. It's crucial to consider the likelihood of engine or gearbox rebuilds and necessary bodywork for older models, particularly those susceptible to rust prior to 1997. Undertaking such repairs is inevitably costly.
3.WHAT TO LOOK FOR
The expenses associated with Land Rover parts and servicing are undeniably high, regardless of any measuring standard. High-performance cars often require replacement of their tires every 6,000 miles or so. While independent specialists can offer some cost-saving measures, they are still constrained by the notably steep prices of OEM parts. Insuring a Bentley is generally very expensive, however, if you can afford the incredibly high price tag, then the insurance shouldn't seem too much.
4. OTHER THINGS WORTH KNOWING
Getting behind the wheel of a Land Rover offers a one-of-a-kind experience that often captivates its drivers. However, as the models transitioned to water-cooled engines in later generations, they became noticeably more manageable and easier to handle. As a general rule, it is reasonable to assume that the older the model you choose, the more challenging and thrilling its handling characteristics become.
BEST BUYS
Land Rover Defender
Popular for a reason
If you're captivated by the idea of off-roading but seek a refined vehicle for your daily commute, the 2024 Land Rover Defender offers the best of both worlds. It competes with truck-like contenders such as the Jeep Wrangler and Lexus GX, and its unstoppable performance on the off-road trails is undeniable. However, the appeal extends beyond rugged terrains, as it delivers a smooth and enjoyable on-road driving experience for running errands or embarking on road trips.
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The 2024 Defender offers a versatile range of options with three available powertrains and three body styles, allowing you to customise the SUV to your specific requirements. The two-door 90 model boasts an exceptional cool factor, while the extended-wheelbase 130 model provides ample space and a functional third row for families on the go. For most buyers, the mid-sized 110 trim strikes the ideal balance, delivering similar proportions to the 90 model with added practicality.
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Regardless of the chosen model, the Defender exudes personality and charm, and even the base models offer more comfort and convenience features compared to the utilitarian predecessors that established the Land Rover brand. With its exceptional blend of off-road capability and refined on-road demeanor, the 2024 Land Rover Defender offers a compelling option for adventure enthusiasts seeking versatility and style.
Range Rover Sport SVR
The fastest one
The Range Rover Sport SVR, the first car from JLR's Special Vehicle Operations (SVO) division, showcases impressive capabilities despite its 2.3-ton SUV size. The new SVR receives updates across the Range Rover Sport lineup, including a power boost, chassis revisions, and visual enhancements.
Powered by JLR's supercharged 5-liter V8, the SVR now delivers 567bhp and 517lb ft of torque, a subtle increase from the previous model's 542bhp and 502lb ft. The 0-60mph time improves to 4.3 seconds, while the top speed reaches an impressive 174mph.
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Weight savings are evident, with the carbon fiber bonnet and lighter seats contributing to the SVR's reduced kerb weight of 2310kg. Suspension settings have been tweaked to enhance performance, control pitch, and improve body control and mid-corner grip.
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Inside, the SVR adopts Range Rover's Touch Pro Duo touchscreen system and a 12-inch TFT screen for instrumentation. The car's engaging driving experience impresses despite its considerable weight.
The SVR's ride quality strikes a balance between firmness and comfort, while the responsive steering and taut body control add to the driving pleasure. Overall, the Range Rover Sport SVR demonstrates its capabilities and engaging performance on the road.
HOW IT WORKS
We keep our business finance options transparent - no hidden fees or nasty surprises. This is business finance made easy. Our no-obligation application won't impact your credit score.
For illustrative purposes only.
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FAST APPLICATION IN SECONDS
You'll share basic information about you, your business and finance requirements. Either apply online or call us on 01908 429888.
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We'll get some more information regarding your businesses and tailor the best solution to meet your needs.
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Once approved, we'll get funds to your preferred business bank account or pay a supplier on your behalf.