Depreciation
The depreciation graph and accompanying table on our page detail how the 2020 LAND ROVER RANGE ROVER SPORT's price has changed annually.
For instance, while the car initially depreciated slightly in its first year, subsequent years show a significant decrease, reflecting market trends and vehicle condition over time.
Such precise data is crucial for understanding how age and market dynamics impact car values.
The average price for new (MSRP) 2020 LAND ROVER RANGE ROVER SPORT in 2020 was $68,791.
The average price for used 2020 LAND ROVER RANGE ROVER SPORT nowadays in 2024 is $49,900 which is 73% from the original price.
Estimated mileage driven per year is 10,104 miles.
The graph below is a depreciation curve for 2020 LAND ROVER RANGE ROVER SPORT. It shows how much this model looses per year in price. This analytics is calculated using sales records from BADVIN database.
The table below shows average price for used 2020 LAND ROVER RANGE ROVER SPORT in each year since the year of manufacturing, current year price and projected price in the future years.
You can scroll the table horizontally to see all columns.
| Year | Average Mileage | Average Price | % Left | % Lost | ||
|---|---|---|---|---|---|---|
| 2020 MSRP | 0 mi | $68,791 | — | — | 100% | 0% |
| 2020 | 10,104 mi | $99,040 | −$30,249 | −43.97% | 143.97% | -43.97% |
| 2021 | 20,208 mi | $92,990 | +$6,050 | +6.11% | 135.18% | -35.18% |
| 2022 | 30,312 mi | $67,249 | +$25,741 | +27.68% | 97.76% | 2.24% |
| 2023 | 40,416 mi | $56,348 | +$10,901 | +16.21% | 81.91% | 18.09% |
| 2024 | 50,520 mi | $49,900 | +$6,448 | +11.44% | 72.54% | 27.46% |
| 2025 | 60,624 mi | $43,342 | +$6,558 | +13.14% | 63.01% | 36.99% |
| 2026 | 70,728 mi | $38,995 | +$4,347 | +10.03% | 56.69% | 43.31% |
| 2027 | 80,832 mi | $29,007 | +$9,988 | +25.61% | 42.17% | 57.83% |
| 2028 | 90,936 mi | $24,724 | +$4,283 | +14.77% | 35.94% | 64.06% |
| 2029 | 101,040 mi | $22,495 | +$2,229 | +9.02% | 32.7% | 67.3% |
| 2030 | 111,144 mi | $20,700 | +$1,795 | +7.98% | 30.09% | 69.91% |
| 2031 | 121,248 mi | $13,999 | +$6,701 | +32.37% | 20.35% | 79.65% |
| 2032 | 131,352 mi | $12,990 | +$1,009 | +7.21% | 18.88% | 81.12% |
| 2033 | 141,456 mi | $11,995 | +$995 | +7.66% | 17.44% | 82.56% |
| 2034 | 151,560 mi | $10,971 | +$1,024 | +8.54% | 15.95% | 84.05% |
Price vs Mileage
Our comprehensive analysis does not stop at depreciation; it also covers how mileage affects the LAND ROVER RANGE ROVER SPORT’s price.
With data showing detailed price points at various mileage milestones, this section helps in identifying trends and making informed decisions.
For instance, price drops at higher mileages compared to lower mileages provides insights into potential maintenance or value thresholds.
This block is particularly useful for buyers and sellers aiming to gauge the best value proposition based on vehicle mileage.
The graph below shows how mileage affects the price for 2020 LAND ROVER RANGE ROVER SPORT. This data was calculated using sales records from BADVIN database.
The table below shows average price for used 2020 LAND ROVER RANGE ROVER SPORT by mileage and number of sales.
You can scroll the table horizontally to see all columns.
| Mileage | Average Price | Sample Size |
|---|---|---|
| 5,000 mi | $69,995 | 20 sales |
| 10,000 mi | $63,991 | 81 sales |
| 15,000 mi | $60,995 | 169 sales |
| 20,000 mi | $58,500 | 403 sales |
| 25,000 mi | $56,990 | 496 sales |
| 30,000 mi | $56,580 | 705 sales |
| 35,000 mi | $54,991 | 765 sales |
| 40,000 mi | $52,214 | 713 sales |
| 45,000 mi | $49,977 | 663 sales |
| 50,000 mi | $49,943 | 537 sales |
| 55,000 mi | $48,890 | 349 sales |
| 60,000 mi | $45,603 | 287 sales |
| 65,000 mi | $42,250 | 204 sales |
| 70,000 mi | $45,727 | 123 sales |
| 75,000 mi | $43,699 | 70 sales |
| 80,000 mi | $43,777 | 51 sales |
| 85,000 mi | $36,691 | 20 sales |
| 90,000 mi | $43,800 | 15 sales |
| 95,000 mi | $37,791 | 14 sales |
Frequently asked questions
Strategies to reduce the rate of depreciation include regular maintenance, keeping mileage low, avoiding significant modifications, and keeping up with all necessary repairs.
You can track the depreciation of your car by monitoring market trends, checking online valuation tools, and staying informed about new model releases.
Yes, the choice of vehicle color can impact the depreciation rate, with neutral colors typically being easier to sell and potentially holding their value better than more unconventional colors.
Factors to consider when estimating the future resale value include the car's historical depreciation rate, current market trends, overall vehicle condition, and mileage.
Economic downturns can lead to decreased demand and lower resale values for vehicles, as buyers may defer purchasing vehicles or opt for less expensive alternatives.
The exterior and interior condition of vehicles significantly affects their depreciation, as well-maintained vehicles generally retain more value.
To maximize value, consider buying a vehicle that is a few years old, as it has already undergone significant depreciation but likely remains reliable.
On average, a new car can depreciate by approximately 23% after the first year, reflecting the premium paid for new technology and immediate depreciation once it's considered used.
Understanding depreciation is important for car owners to manage financial expectations and make informed decisions about selling or trading in their vehicles at the right time.
Depreciation directly affects the resale value of a 2020 LAND ROVER RANGE ROVER SPORT, with faster depreciating vehicles typically having lower resale values over time.
Other years of LAND ROVER RANGE ROVER SPORT
2010 LAND ROVER RANGE ROVER SPORT
$10,971 average used price
4,600+ sales records
2012 LAND ROVER RANGE ROVER SPORT
$12,990 average used price
9,100+ sales records
2014 LAND ROVER RANGE ROVER SPORT
$20,700 average used price
23,000+ sales records
2019 LAND ROVER RANGE ROVER SPORT
$43,342 average used price
44,300+ sales records
2023 LAND ROVER RANGE ROVER SPORT
$92,990 average used price
1,000+ sales records
2024 LAND ROVER RANGE ROVER SPORT
$99,040 average used price
1,600+ sales records
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