Built to last: Range Rover wins depreciation award

The Range Rover SUV has once again topped the motoring charts – this time for the fact that it holds its value longer than any other vehicle on the market.

According to the Carbuyer.co.uk website, the Range Rover SUV performs best when it comes to depreciation, beating the likes of the Porsche Boxster roadster and Audi A3 hatchback.

Deprecation is the amount of money your car loses in value from the time you buy it to the time you sell it on.

Not always something that a lot of car buyers think about when they make a purchase, but it can be the biggest cost of running a car.

According to Carbuyer.co.uk: “Not only is the Range Rover SUV a luxury car to rival the likes of the Mercedes S-Class, but it’s also an incredibly capable 4x4.”

It was also described as, “Hugely practical,” with judges going on to claim, “It’s no surprise that it holds on to its value better than almost any other car.”

Using figures from VIP Data – a company that predicts residual values - the 4.4-litre SDV8 model was found to hold 62.1% of its list price after three years and 36,000 miles, beating the Porsche Boxter into second place, which retained 57.7% of its original worth.

The Range Rover also won the Carbuyer.co.uk Best Luxury Car award earlier in 2013 due to its “incredible level of quality and comfort,” so this award completes a highly sought after a double for Range Rover in what has been a year to remember.

To view the full run-down of the vehicles and to see how they compared, just click here.