The latest Discovery was only revealed last month, however the brains over at CAP have been busy working out its residual value (how much its worth when the lease or warranty is up) and it’s looking good for future owners of the fifth-generation machine.
CAP collects data on thousands of new cars by talking to motorists, manufacturers, car dealers and a range of car experts. Its experts have forecast that the latest Discovery is expected to retain 59% of its value over three years or 36,000 miles.
Andrew Mee, Senior Forecasting Editor at CAP, says: ‘Discovery volumes are likely to remain low and demand is likely to remain high, so residual values are likely to remain strong compared to peers at a similar point in their lifecycle.’
If you want to buy the entry level Discovery S with the efficient 2-litre Ingenium Sd4 on finance, you’ll need to put down a £12,040 deposit and pay £399 a month for 37 months with 6.9%APR, albeit you are limited to 10,000 miles a year. At the other end of the scale, the HSE Luxury will cost £754 a month with a deposit of £16,680.
Jaguar Land Rover UK Managing Director, Jeremy Hicks, says: ‘The new Discovery is already proving to be immensely competitive against the established competition. High residuals and reduced running costs mean that Discovery customers can enjoy all the improved benefits over the outgoing Discovery and its peers for less.’
But you’ll have to wait just a little longer to drive one as the new Discovery hits the roads in Spring 2017.