Buying a V8 - what age?
Discussion
Having pretty much made my mind up to replace the TD4 with a V8 Discovery, I now stumble across the problem of how much to spend.
I had planned to spend about £15k on a nice '04 plate but couldn't help but notice that there's some nice 2000/2001 V8s knocking about for about £10k
Since depreciation is going to be the killer on a V8, and I'd obviously save a wedge on buying an older car, I wondered if there were any pitfalls of buying an older V8?
The car will be for 'light' use, doing only 6k miles a year lugging kids/dogs/bikes around the New Forest and Cornwall.
It just strikes me that a cared for 6 yr old V8 should be a sound investment compared with buying an (albeit nicer) '04 plate that'll just depreciate like a brick.
Thoughts / experiences?
I had planned to spend about £15k on a nice '04 plate but couldn't help but notice that there's some nice 2000/2001 V8s knocking about for about £10k
Since depreciation is going to be the killer on a V8, and I'd obviously save a wedge on buying an older car, I wondered if there were any pitfalls of buying an older V8?
The car will be for 'light' use, doing only 6k miles a year lugging kids/dogs/bikes around the New Forest and Cornwall.
It just strikes me that a cared for 6 yr old V8 should be a sound investment compared with buying an (albeit nicer) '04 plate that'll just depreciate like a brick.
Thoughts / experiences?
I've just sold my Disco V8 that I have ran for the past year. It was a 2000 'W' reg 4.0 ES 7 Auto with every option ticked. It had done 120,000 miles when I bought it, FLRSH including new heads (common overheating problem) it never gave me any trouble was in genuinely mint condition, drove as good as new, and did 17mpg over 10,000 miles (including towing 3 tonne at least once a week + some maxed out motorway trips) I sold it for £6,500 which was what it owed me. I've seen them this age with 50,000 miles and their sheds and 200,000 miles still mint. All down to who's used/abused it!! Same old fable...... the key is to buy a genuine good 'un and you'll love it, buy a bad one and you'll regret it.
YamR1V64motion said:
if you put up an extra couple of £k you could have an early current shape V8 Range Rover now, theyve done all thier depreciating by now and are lovely to drive 
Yam i dont know where you keep getting these affordable L322,s from.Ive checked the classifieds in all of the publications and on the net,and the cheapest ive found was £23,000.If you can find me one for around £17-£18000 i will be there tomorrow with the cash.To be honest all ive found in that price bracket are early X5,s.Having driven both vehciles i found that the engines especially the diesel work better in the X5 than the RR,this i suspect down to the weight of the RR and probably a different set up on the X5.I would still opt for the RR every time.Church said:
I've just sold my Disco V8 that I have ran for the past year. It was a 2000 'W' reg 4.0 ES 7 Auto with every option ticked. It had done 120,000 miles when I bought it, FLRSH including new heads (common overheating problem) it never gave me any trouble was in genuinely mint condition, drove as good as new, and did 17mpg over 10,000 miles (including towing 3 tonne at least once a week + some maxed out motorway trips) I sold it for £6,500 which was what it owed me. I've seen them this age with 50,000 miles and their sheds and 200,000 miles still mint. All down to who's used/abused it!! Same old fable...... the key is to buy a genuine good 'un and you'll love it, buy a bad one and you'll regret it.
that's what I'm talking about
10,000 miles would last me 2 years and even if it were worth a big fat zero when I sold it on it'll still have cost me a lot less than an '04 plater
alfaspiderman2 said:
theyve done all thier depreciating by now and are lovely to drive
from what I've seen 'done all their depreciating' isn't a term that's appropriate for V8 LRs!
[/quote]
well kind of,surely they cant drop much more now,or at least i hope not as i want to buy one soon myself
BLUETHUNDER said:
YamR1V64motion said:
if you put up an extra couple of £k you could have an early current shape V8 Range Rover now, theyve done all thier depreciating by now and are lovely to drive
Yam i dont know where you keep getting these affordable L322,s from.Ive checked the classifieds in all of the publications and on the net,and the cheapest ive found was £23,000.If you can find me one for around £17-£18000 i will be there tomorrow with the cash.To be honest all ive found in that price bracket are early X5,s.Having driven both vehciles i found that the engines especially the diesel work better in the X5 than the RR,this i suspect down to the weight of the RR and probably a different set up on the X5.I would still opt for the RR every time.ah i am good friends with a trader and hes had 3 in over the last few months which hes paid that for and put out for £20-23k depending what spec it is, i could have one from him for a small profit on his part, i can try and see if he would extend you the same courtesy next time one comes in if you would like?, im planning on getting one next year so ive been keeping a very close eye on prices
BLUETHUNDER said:
YamR1V64motion said:
if you put up an extra couple of £k you could have an early current shape V8 Range Rover now, theyve done all thier depreciating by now and are lovely to drive
Yam i dont know where you keep getting these affordable L322,s from.Ive checked the classifieds in all of the publications and on the net,and the cheapest ive found was £23,000.If you can find me one for around £17-£18000 i will be there tomorrow with the cash.To be honest all ive found in that price bracket are early X5,s.Having driven both vehciles i found that the engines especially the diesel work better in the X5 than the RR,this i suspect down to the weight of the RR and probably a different set up on the X5.I would still opt for the RR every time.You could pick up a 2002 at auction from a main group with "no major mechanical faults" for sub 20k easily. They have a LOT of depreciating to do yet!
As a quick example of what you can get-
2002 02 Land Rover Range Rover Estate 4.4 V8 Vogue 4dr Auto £21,800
37000 miles warranted, Epsom Green, Two Owners, V5 here, MoT 30 Aug'07, Tax Dec '06, Lamp Guards, Bull Bar, Spots, Aspen Hyde, No Major Mechanical Faults, No VAT. Date Sold 26/09/2006 86% of CAP Clean
Heard of high miler, slightly tatty ones going for near 15k
Cant see myself ever getting one, way too brash/big/germanic for me. If i had to splash the cash it would be on a mint Holland & Holland P38!
Edited by gep on Saturday 28th October 20:19
YamR1V64motion said:
BLUETHUNDER said:
YamR1V64motion said:
if you put up an extra couple of £k you could have an early current shape V8 Range Rover now, theyve done all thier depreciating by now and are lovely to drive
Yam i dont know where you keep getting these affordable L322,s from.Ive checked the classifieds in all of the publications and on the net,and the cheapest ive found was £23,000.If you can find me one for around £17-£18000 i will be there tomorrow with the cash.To be honest all ive found in that price bracket are early X5,s.Having driven both vehciles i found that the engines especially the diesel work better in the X5 than the RR,this i suspect down to the weight of the RR and probably a different set up on the X5.I would still opt for the RR every time.ah i am good friends with a trader and hes had 3 in over the last few months which hes paid that for and put out for £20-23k depending what spec it is, i could have one from him for a small profit on his part, i can try and see if he would extend you the same courtesy next time one comes in if you would like?, im planning on getting one next year so ive been keeping a very close eye on prices
all i can do is ask him to keep an eye out at auctions when he goes,which he is going to do for me as soon as i have the cash also, the only thing is i know 2 of the ones he had were HSEs which could be an important factor for you im not sure, but i can certainly ask him to keep an eye out, its just a case of if and when the righ one comes up
err, '02 Range Rover for circa £20k or '04 V8 Disco for circa £13k?
not really a comparison there in terms of future running costs me thinks!
the (ex LR MD) mechanic at my local independent was working on an '02 Vogue when I picked up my TD4 recently....he had the whole dashboard out trying to find the latest electrical gremlin...he has a look of utter disbelief on his face
besides, for my purposes (food throwing toddlers and puddle-loving labradors) I'd take the Disco every time for (relatively) cost effective family abuse
not really a comparison there in terms of future running costs me thinks!
the (ex LR MD) mechanic at my local independent was working on an '02 Vogue when I picked up my TD4 recently....he had the whole dashboard out trying to find the latest electrical gremlin...he has a look of utter disbelief on his face
besides, for my purposes (food throwing toddlers and puddle-loving labradors) I'd take the Disco every time for (relatively) cost effective family abuse
Edited by alfaspiderman2 on Monday 30th October 10:12
Edited by alfaspiderman2 on Monday 30th October 10:13
gep said:
If i had to splash the cash it would be on a mint Holland & Holland P38!
Thats what id do, or alternativly, go for a v.late Vogue http://atsearch.autotrader.co.uk/www/ Or although late, its got an Overfinch conversion, and not for much money either http://atsearch.autotrader.co.uk/www/BLUETHUNDER said:
I found the L322 to be a bit heavy.Didnt seem as nimble.Ive driven everything in the LR stable and found the Sport SuperCharged to be the best.From a performance perspective i would say its closest rival to be the X5.But thats let down by its harsh ride.
dont get me wrong as i said the P38s a great car, ive driven a 4.6 many times but i prefered the drive of the L322 and found it more comfortable and yes perhaps a little more modern, i cant say ive had the pleasure of driving the sport yet but im sure its also a great car
Alpha, like you I considered the older/newer dilemma, and decided to buy a 30k mile 2001 V8ES auto. After converting with a good lpg system and the latest front lights the total cost was £12,500k - comparable with a TD5 of the same age and much better to drive. Only problem is the range -160miles- similar to petrol. Consumption is 13.5mpg, which at 39p/litre is roughly equivalent to 30mpg on petrol. Not bad for a 2 tonne car which can scale a 45 deg muddy slope and pull 3.5 tonnes.
Gassing Station | Land Rover | Top of Page | What's New | My Stuff