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- Browser
- Member Since: 30 Jan 2019
- Location: UK
- Posts: 67
JLR Posts Record Financial Losses
2019 HSE LUX
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- chaos_theory
- Member Since: 29 Oct 2018
- Location: Teddington
- Posts: 117
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Well that's a painful reality check. Range Rover clearly not such a desirable brand in China. Seems like over optimism boom & bust.
Last edited by chaos_theory on 20th Feb 2019 7:10 pm. Edited 1 time in total
Andrew
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- chaos_theory
- Member Since: 29 Oct 2018
- Location: Teddington
- Posts: 117
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- Dangerdave
- Member Since: 15 Feb 2017
- Location: UK
- Posts: 600
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“Run out of money within a year.”
“Oddly shaped Discovery”
I’ve accepted this will be my last LR. Poor dealer and manufacturer support, but by the sounds of it the accountants could well be hammering in the final nail in the coffin.
I stand to loose a few quid on the D5 if the brand goes south, but hey ho, that’s life. Good whilst it lasted.
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- JackNorris
- Member Since: 07 Jun 2016
- Location: Beds/Bucks
- Posts: 113
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Hopefully they can turn this around - especially as im about to take a D5...
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- Browser
- Member Since: 30 Jan 2019
- Location: UK
- Posts: 67
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reading the details the RR /LR brand is selling well, its the Jaguar part that's not performing..
2019 HSE LUX
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- LancsLad
- Member Since: 22 Aug 2018
- Location: Lancs
- Posts: 147
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Interesting...but any company with a disregard for its Customers eventually goes Pete tong.
Lets see if the New Defender turns things round....glad i didn't put my deposit down now..
BUT agree about the Jaguar comment...anyone ever tried an XE? one of the most lacklustre cars I've been in for a while.
Give me a VW passat or similar any day.
Santorini Black MY 18 HSE Dynamic BLACK TDV6
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- UrbanSplash
- Member Since: 13 Sep 2018
- Location: North East
- Posts: 59
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This is hardly a surprise. Circa £1000pa for an extended warranty on a D5. Says it all about the quality of the product.
I dare you all to put your reg and mileage into a car valuation site. It’s shocking for the D5. Knocking on half value in 2 years.
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- IndusD4
- Member Since: 28 Jan 2018
- Location: Sydney
- Posts: 698
I have a "guaranteed future value" deal on mine. Knowing that, I can't lose more than I know I am going to. If the value come trade in is higher I can sell it privately, if less - not for me to worry about.
2016 D4 TDV6
IIDTool BT
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- Dangerdave
- Member Since: 15 Feb 2017
- Location: UK
- Posts: 600
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You’re covered, but I paid cash. I just put it down to the joys of motoring. You don’t buy a car as an investment, some loose money faster than others, that’s all.
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- DSL
- Member Since: 23 Jun 2016
- Location: No longer in the D4 :-(
- Posts: 134
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It’s only money. If you don’t spend it Corbyn will spend it for you.
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- RDR
- Member Since: 23 Jun 2016
- Location: Derbyshire
- Posts: 204
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It’s an interesting conundrum on depreciation. Been looking at a d5 again for swmbo where the option is buy outright but like others see half of my money wiped out in a couple of years or do what the younger generation seem to do and put as little in as possible and have a guaranteed future value knowing if prices have gone south you can just hand it back and let the finance company Deal with it.
MY06 S - Gone but not forgotten, MY12 HSE - Gone, MY16 HSE Luxury - Gone, D5 MY20 D5 HSE - Gone
MY23 Range Rover PHEV
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- Dangerdave
- Member Since: 15 Feb 2017
- Location: UK
- Posts: 600
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Either way will cost you.
I am just old school, don’t buy a car or anything else unless you’ve got the money, but it’s a outdated philosophy.
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- Browser
- Member Since: 30 Jan 2019
- Location: UK
- Posts: 67
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you only loose when you sell....!!
2019 HSE LUX
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- UrbanSplash
- Member Since: 13 Sep 2018
- Location: North East
- Posts: 59
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But pcp deals are going to very expensive when guaranteed future values reflect reality.
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