LR2 not holding value?

[KickingLettuce]

So what is the story of this vehicle? I thought it cost between $45-40 K and I see many used ones ONE year old offered at $20-22K?

I a a Freelander owner and heard LR2's are much better vehicles... is the LR2 somewhat reliable? I know it has the Volvo engine. What are the main problems with these vehicles? And does the $22k sound right??? that seems low.

[Prodigy999]

LR2 is 35k msrp 40k loaded, sounds about right. Land Rovers are generally pretty overpriced and drop in value like a rock. LR2s are great vehicles, haven't really seen any issues. Just don't buy an early 08, the first round of LR2s had dumb software problems.

[Roverdude]

The L2 seems to be fairly reliable and holding its' value decently. The first 08's are coming on 2.5 yrs old now (first available in APR 07) so a $10-15K drop isn't too bad for a LR. Definitely not as bad depreciation as a RR or RR Sport. Fully loaded LR2's went for $41K.

[sundial03]

I agree with Prodigy999 about the software problems on the early 08 as that is what I have, although I am still happy with my purchase as the software updates installed by dealership brought it up to speed with the later models with no headache and the ealry off-the-line glitches were minimal and expected by an intelligent buyer. I was a little shocked at the current selling price that I have found as I try and keep up with that sort of thing as it is now around 24K for my macked out early 2008 LR2 that I bought for 41K in August of 2007. Fortunately, I have found through my research that the value in this vehicle takes a big hit up front, but expectations are that it will remain in the 20-25K range for another 4-5 years, so that is awesome! The things that affect the initial hit on the LR2 are the 3 upgrade packages (technology, light/sound, and winter sport). Anytime you have an all-inclusive vehicle with very little options available to be added and/or subtracted, most of the up front luxury/package stuff gets immediately discarded in value. This is the case with most luxury/performance lines and especially toy lines such as Jeep where all the aftermarket stuff is never factored into the value until 5-10 years later, when it actually helps it keep it's value over other less customized/packaged vehicles.