What is the resale value of a Land Rover Discovery?

Discover the Adventure

When it comes to legacy brands there are few that can touch Land Rover. With iconic derivatives such as the Defender giving offroad aficionados a luxury dose of overlanding capability, it comes as no surprise that these vehicles have a cult following.

Related: Land Rover Discovery D300 R-Dynamic SE review (2021): All-terrain luxury at its finest

Another model that delivers the luxury offroading experience is the Discovery, an ultra-comfortable and highly capable SUV that is as at home in the suburbs as it is in the savannah. We take a look at the model in question to see if this legendary machine maintains its value.

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How do I find out how much my Land Rover Discovery is worth?

Using the AutoTrader website, here's an easy way to find out how much your Land Rover Discovery is worth.

Use the "Value Your Car" tool on AutoTrader to estimate your car's worth based on several parameters. To use this tool, follow these steps:

• Go to AutoTrader
• Click on "Value Your Car" in the top menu.
• Enter your car's make, model, year, mileage, and condition. You'll also be able to select certain specifications.
• Click "Get Valuation".
• Review the estimated value of your car.

 

Another option is to check similar models on AutoTrader to find out what your Discovery is worth versus similar models on the platform.

• Go to AutoTrader
• Click on "Cars For Sale" in the top menu.
• Type "Land Rover Discovery" in the search bar and click "Search"or click here to search for Land Rover Discovery models.
• Browse through the listings to find cars similar to yours in terms of year, mileage, and condition.
• Save the prices of the cars that match your search parameters.
• Use the prices you found as a guide to estimate the value of your car. 

What is the difference between trade and retail values?

There's quite a substantial difference between trade- and retail values, with trade being significantly lower than the retail value (as much as 20% lower, in most cases). This is mainly due to the fact that there's a mark-up for dealers built into the retail value – buying cheap and selling dear, as it were. Of course, these values are somewhat arbitrary and can be influenced by the popularity of your specific car in the second-hand trade, as well as a car's reputation among pre-owned dealers. - Martin Pretorius, AutoTrader.

Read his article How to know how much your car is worth here.

Or take the quickest and easiest route to sell your car: Try our Instant Offer tool! 

What affects the value of your Land Rover Discovery?

A variety of factors affect value, so let's take a look at the obvious ones first:

• The model year. The newer the car, the higher the price.
• The car's condition: The better the state of the car, the higher the price. Additionally, a complete service history raises value too.
• Features: Additional features can also affect value, but it is not always a given that a car with more features will cost more than one with fewer features.
• Location: Cars in high-demand areas frequently cost more than those in low-demand areas.
• Demand: Cars with high demand typically fetch a higher price compared to those with low demand.

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Do Land Rover Discovery models hold their value?

The Discovery maintains it's value, which can be attributed to factors such as:

• Competitive pricing: Initial depreciation is not overly harsh and the Discovery benefits from a good reputation. 
• Demand: There is not a massive demand for the Discovery, keeping prices stable.
• Supply: Land Rover only imports a certain amount of each derivative locally, which is equal to the demand.
• Practicality: The Discovery is luxurious, spacious and ideal for small active families.
• Efficiency: The Discovery models are light on fuel and great offroad as well, making them a solid option for many drivers.