One Year, $56,520 Gone: The Brutal Depreciation Math on a Loaded Range Rover Autobiography

Here’s a hard truth for anyone eyeing a new Land Rover Range Rover: you might as well set your cash on fire. That’s not hyperbole. One owner of a 2024 Autobiography Long Wheelbase just learned the hard way, selling their two-year-old SUV online and losing the equivalent of a brand-new Honda Odyssey in depreciation.

If you’re wealthy enough to shrug off a $56,520 hit, you probably don’t remember what a 7-Eleven Slurpee tastes like. But for the rest of us, this is a cautionary tale wrapped in leather and V8 power.

Custom specs are a double-edged sword. This particular Autobiography rolled out of Solihull with a $191,520 sticker, including $19,545 in options like $8,450 Flux Silver paint, $5,600 deployable side steps, and $1,500 diamond-turned wheels. On the used market? None of that matters.

The car sold for just $135,000 after one year. Land Rover’s Pivi Pro infotainment system, which ditched physical climate controls for 2024, doesn’t help. 4-liter V8, glorious as it is, has a reputation for trouble past 60,000 miles. CarEdge projects a 2024 model will retain only about 74% of its value after five years, meaning the slide is just getting started.

The driving experience is undeniably superb. The air suspension, double-pane glass, and 380-watt Meridian system create a near-silent cabin. The 523-horsepower V8 launches the big SUV like a bullet train, and the rear-axle steering gives it a turning radius tighter than a Cadillac Escalade ESV.

But that magic-carpet ride comes at a cost. Average annual maintenance runs $1,038, insurance tops $5,000, and depreciation averages $26,175 per year for the first five years. Even a bare-bones SE model won’t escape the value plunge. The seats are comfortable, and the leather headliner is a nice touch.

But if you’re shopping used, let the first owner eat the loss, and keep a fat repair fund handy.