Fleet News

New Range Rover Evoque achieves 67% residual value

2019 Range Rover Evoque

The new Range Rover Evoque is predicted to achieve class-leading residual values, according to Cap HPI.

According to Cap HPI’s residual value setters, the Evoque will retain an average of 63% of its value across the range after three years/36,000 miles.

Customers opting for the Evoque R-Dynamic S P250 model will see 67.4% of their vehicle’s value returned after the same period, making it one of the least depreciating cars on sale today.

For Fleet and Business customers the strong residual values hugely benefit the whole-life cost of a new Range Rover Evoque and coupled with the improved service, maintenance and repair costs associated with the new Ingenium engine, it further adds to the appeal of Land Rover’s newest premium compact SUV icon.

Jaguar Land Rover UK managing director Rawdon Glover said: “The new Range Rover Evoque is an improvement on Land Rover’s biggest selling model in the UK every way; it’s more refined, with relevant and clever technology, features our cleanest petrol and diesel engines ever, and achieves lower running costs.

“All of that means that not only is it incredibly desirable, but it’s also a very logical choice for buyers too. With these class-leading residual values, new mild hybrid powertrains and excellent finance offers, buyers could be saving hundreds of pounds a month when compared with competitor models.”

The new Evoque was unveiled in November, and is available to order now. Deliveries will begin the spring in the UK priced from £31,600 on the road.

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Comments

  • Frank Vizsla - 22/02/2019 11:21

    Superb news for PCP but this highlights all that's wrong with the used car market - second-hand values being "determined" 3 years out is basically future price-fixing. Yes, CAP has a fantastic actuarial model to rely on and yes, finance lenders need a position to underwrite against but this isn't letting the market determine used prices; this is using residual values to artificially inflate the used car market and support unrealistic RRPs. And we wonder why consumers don't trust the motor industry....

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