The new Land Rover Discovery is set to benefit from some of the most competitive PCP deals available in the SUV class. CAP, an industry body that predicts the residual values of new cars in the UK, expects the Discovery to retain as much as 59 per cent of its original value after three years or 36,000 miles.
The price of a PCP finance deal is affected by a car’s final future value – an estimate of how much it’ll be worth at the end of your contract that’s agreed by the customer and the dealer. The higher this value, the lower your monthly payments could be.
The Discovery’s strong predicted resale value – better than many seven-seat SUV alternatives such as the Volvo XC90 – means the monthly payments are among the most tempting in its class. In entry-level ‘S’ spec, the Discovery costs from £43,495, so customers placing a £12,040 deposit can expect to pay just £399 per month on a 37-month deal. This offer allows you to cover 10,000 miles per year and comes with an interest rate set at 6.9 per cent APR.
In top HSE Luxury spec, a deposit of £16,680 – reasonable if you have an old model to trade in – would result in monthly payments of £549. There’s flexibility in the deal, too – you can choose to pay larger monthly amounts in return for a more affordable deposit.
These figures are based on models powered by the Discovery’s 2.0-litre ‘Ingenium’ diesel engine. This unit is capable of a claimed 43.5mpg and 171g/km of CO2 emissions and should offer long service intervals – it’ll only need a trip to the dealer every 21,000 miles or two years. Buyers who want to make the most of the Discovery’s 3,500kg towing capacity might prefer the slightly pricier, but much punchier 3.0-litre V6.