How Much Does the Range Rover Velar Cost?

Last Updated on December 2, 2024
Written by CPA Alec Pow | Content Reviewed by CFA Alexander Popinker

With its sophisticated design, luxury appointments, and legendary Land Rover off-roading prowess, the Range Rover Velar stands out as one of the most desirable midsize SUVs on the market. But what is the total cost to buy or lease a new or used Velar?

This pricing guide will break down the latest MSRPs across Velar trim levels, calculate total ownership costs, evaluate pre-owned pricing, highlight potential financing and leasing deals, and offer money-saving tips for buyers. Whether purchasing new or used, understanding real-world Range Rover Velar costs empowers smart financial decisions.

How Much Does the Range Rover Velar Cost?

The Range Rover Velar cost starts at around $56,000 for a base model and can range up to $90,000 or more for a fully-loaded example with all the luxury extras. Most buyers end up spending between $65,000 to $75,000 for a mid-tier Velar SE or HSE with popular options added.

For the latest model year, the Range Rover Velar starts with a Manufacturer’s Suggested Retail Price (MSRP) of $56,850 for the base S trim equipped with standard features like leather seats, a power liftgate, lane departure warning, and more. Opting for all-wheel drive on the S bumps the new Velar base price to $58,850 before other fees and taxes.

In comparison, the next-step-up SE trim begins at an MSRP of $61,950 with added technology upgrades, while the top-tier Dynamic HSE model starts at $70,550 equipped with performance enhancements. At purchase, extras like taxes, registration fees, and destination charges add anywhere from $2,000 on the low end up to $4,000 or more to new Velar pricing.

According to an article from Edmunds, the starting Manufacturer’s Suggested Retail Price (MSRP) for the 2025 Range Rover Velar is approximately $61,500 for the base P250 S model. Prices can increase significantly with higher trims, with the P400 Dynamic HSE model reaching up to $78,400.

Another source, CarGurus, reports that the average price for a used Land Rover Range Rover Velar is around $37,335.65, reflecting a decrease of about 13.6% since last year. They provide a range of prices for various model years, with some listings for older models starting as low as $30,459 for a 2021 model.

A report from Land Rover Allentown lists several new 2025 Range Rover Velar models for sale, with MSRPs ranging from about $65,625 to $89,710. For example, the P250 Dynamic SE has an MSRP of approximately $70,325, while the P400 Dynamic HSE is priced at around $89,710.

According to another overview from Kelley Blue Book, the pricing for a new Range Rover Velar typically starts at around $61,500 and can go up to about $80,000 or more depending on options and packages selected. They emphasize that luxury vehicles like the Velar often come with additional costs for premium features and packages.

Lastly, an article from MotorTrend highlights that the Range Rover Velar is positioned as a luxury SUV with a price range that reflects its upscale features and performance capabilities. The base model starts at approximately $61,500, while fully loaded versions can exceed $80,000.

The Range Rover Velar Luxury SUV

As the midsize sibling in Land Rover’s Range Rover SUV lineup, the Velar first arrived in 2017 as a fresh addition slotting between the smaller Evoque and larger Range Rover Sport models. It blends responsive on-road performance with the legendary off-road capabilities Range Rover is renowned for. The Velar’s elegant sloping roofline houses a state-of-the-art tech-centric interior appealing to discerning luxury buyers.

Trim Levels and Features by Price

The Velar is currently offered in three main trim configurations by increasing luxury, technology, and style upgrades:

• Velar S – Starts at $56,850 Includes LED headlights, power front seats, dual-zone climate control, navigation, and more.
• Velar SE – Starts at $61,950 Adds desirable amenities like upgraded driver assistance features, expanded leather upholstery with contrast stitching, an interactive driver display, and more.
• Velar Dynamic HSE – Starts at $70,550 Brings performance enhancements like larger 21-inch wheels, an adaptive dynamics suspension system, throttled exhaust, and premium Meridian surround sound system. Also distinguished by unique exterior styling details.

You might also like our articles about the cost of the BMW I8, Audi R8, or Rolls Royce.

The higher Velar trim levels layer on additional luxury appointments, technology, and exclusive styling touches that enhance the upscale factor.

Optional Add-Ons and Packages

Beyond the base pricing, key Range Rover Velar add-ons buyers often select include:

• Panoramic Sunroof – Adds $1,220 on lower trims up to $1,270 on top Dynamic HSE models.
• Extended Leather Upgrade – $1,260 to $1,360 depending on trim to add leather coverage throughout the cabin.
• Navigation Pro Package – Ranges from $1,015 up to $1,265 for enhanced navigation capabilities.
• Tow Package – $745 to $850 for heavy-duty trailering equipment and hitch receiver.
• 20-inch 5-Split Spoke Wheels – Between $2,115 to $2,165 upgrade over standard sizes.
• Meridian Signature Sound – Top-tier 825W 17-speaker system costs $995 to $1,700 by trim.

Many popular convenience, driver assistance, and aesthetic upgrades are bundled into option packages ranging from $1,600 up to $4,900 MSRP each.

Regional Price Differences

It’s important to note that published MSRP pricing only represents the vehicle manufacturer’s own suggested retail price. The actual transaction prices paid by customers frequently vary:

• In high-demand metropolitan areas where inventory is scarce, paying full MSRP or even above is not uncommon currently. More price negotiating leverage exists in rural areas with slower demand.
• Registering the vehicle locally in your home state saves $500 to $1,000+ over transferring registration from out of state due to fees.
• Actively negotiating pricing with dealers and shopping available offers across multiple locations can result in 5-15% discounts off MSRP depending on local demand and inventory levels.

Buying New vs Used and Pre-Owned

For buyers open to purchasing a pre-owned Range Rover Velar, pricing follows typical depreciation trends:

• Late model low mileage examples around 1-3 years old price from $55,000 to $65,000+ depending on exact age and mileage, trims, and included options.
• Well-equipped models with less than 30,000 miles from 2018-2020 model years retail for $35,000 to $45,000+ on average.
• Opting for certified pre-owned Velar models will carry a slight premium over similar non-CPO vehicles, but includes extended warranty coverage, vehicle history reports, and other purchase perks.
• The Velar historically depreciates at a slightly lower rate than other luxury SUVs, losing around 40% of value after the first 3 years of use. Buying used captures significant savings.

Leasing, Financing and Payment Options

Land Rover offers a range of flexible purchase and leasing programs to ease the strain on buyers’ budgets:

• Average 36-month lease – Approximately $700-$800 per month is typical for well-qualified applicants leasing a base level Velar. Higher trims lease closer to $1,000 monthly.
• Purchase financing deals – Current offers allow financing a new Velar for up to 72 months at 0% APR for buyers with pristine credit. Always compare Land Rover financing against outside banks and credit unions.
• Down payment requirements on purchases and leases typically span from 10% to as much as 20% down depending on credit standing.

Total Ownership Costs

Beyond the vehicle purchase price or lease payments, other ongoing Range Rover Velar ownership expenses buyers must budget for include:

• Auto insurance – Velar drivers pay around $150-$250+ monthly for full coverage insurance depending on age, location, and driving record given higher premiums for luxury vehicles.
• Fuel costs – Expect combined city/highway gas mileage around 20 MPG, resulting in roughly $1,500-$2,000 per year for fuel based on driving habits. Premium gasoline is required.
• Maintenance – Yearly scheduled maintenance, oil changes, and tire rotations tally $700-$1,000+ on average. Unexpected repairs are always a possibility on complex luxury vehicles after the warranty expires.

Velar vs Competing Luxury SUVs

• The Audi Q5 has a lower $43,000 MSRP start but provides noticeably less cargo room and back seat space compared to the Velar.
• The larger $58,000+ Mercedes-Benz GLE is similarly equipped and regarded but demands an even higher premium over the base Velar pricing.
• Overall, the Velar matches up very evenly with the Volvo XC90 starting around $55,000 in terms of cost, luxury, and capability.

Expert Insider Tips

We asked car buying experts for their top money-saving tips:

“Purchase toward the end of the model year when dealers are motivated by quotas and eager to move aging inventory.” – Benjamin S., Finance Manager

“Certified pre-owned models with CPO warranties and protections are undervalued – negotiate pricing aggressively on lightly used examples.” – Carla V., Independent Car Broker

“Ordering your customized Velar eliminates dealer inventory markups, but may require waiting months for delivery.” – Michael R., Brand Specialist

Cost Breakdown by Trim for Range Rover Velar

Maximize the Velar Value

“Wait to purchase toward the end of the model year for the best discounts and incentives.” – Benjamin S., Finance Manager

“Lightly-used CPO models balance cost savings with warranty protections.” – Carla V., Car Broker

“Ordering a custom-built Velar often eliminates dealer markup.” – Michael R., Brand Specialist

Owner Impressions on the Velar’s Luxury, Performance, and Value

“The interior luxury touches and smooth ride really set it apart from mainstream SUVs.” – Mark J., Velar Owner

“We’ve been thoroughly impressed by the off-road prowess on weekend adventures.” – Susan L., Velar Lessee

“Overall we feel like we got what we paid for – it was worth stretching our budget.” – David C., Velar Buyer

Final Words

As a sophisticated and highly capable luxury midsize SUV, the 2023 Range Rover Velar carries a premium price tag consistent with its positioning in the market. While certainly not inexpensive, a thorough cost analysis and purchasing strategically helps secure the best long-term value from a Velar.

Those needing to limit costs can reduce the premium paid through pre-owned models and shorter lease terms. But buyers prioritizing luxury amenities, technology, performance, and renowned Land Rover pedigree will find the Velar delivers compelling refinement on- and off-road that partially justifies the required investment.

Answers to Common Questions

Is a Range Rover Velar expensive to maintain?

Yes. Between higher insurance, fuel, repair costs, and required premium fuel, expect to budget $3,000+ in annual ownership costs beyond your purchase payment or lease amount.

Do Range Rovers hold their price?

The Range Rover lineup overall retains value better than most luxury brands, typically losing about 30-35% over a 5-year ownership period compared to 50% or more for competitors. Shorter lease terms are smartest to limit depreciation impact.

What is unique about Range Rover Velar?

The midsize Velar balances sophisticated on-road handling with off-road talents, standing apart from Range Rover’s more utility-focused models. It also sports a distinct sloping coupe-like roofline for enhanced styling over bulkier stablemates.