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Price opinion from advertisements and recorded sales. Not an inspection or a certified valuation.
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Reference photograph of a Range Rover Classic
Valuation · Range Rover · First generation · 1970-96

Range Rover Classic

3.5L NA aluminium V8 · 109 kW / 265 Nm · 4sp manual · 4WD
AVOIDRated within the under $30k band · 37 of 46 at this money
Model value
$22,500
Must gain each year to break even
+14.2%
The projection does not clear it, and nor does most of the library.
CarQuant score
39/100
Scored against the under $30k band, not the whole library
Evidence grade
Thin
One to three recorded Australian sales
$22,500
$11,324 lowhigh $26,260
Calibrated to a thin record
Two published Australian results: a 1972 Suffix B two-door at $27,000 at Shannons in July 2018, and a 1990 3.9 Vogue four-door at $25,750 on Collecting Cars in September 2026 at 326,450km, the first four-door result this record has.

Looking at a Classic for sale?

Put in the asking price and the odometer reading. You will see what this model should make at that reading.

Should make, typical example
$22,500
At about 214,000 km. Enter an asking price to compare.

Odometer only. Colour, options, history, condition and the photographs move it further, and that is what the report reads.

A person reads the advertisement and its photographs. Usually back within 48 hours. Read a real listing report

Price history

Today $22,500 · modelled median at five years $19,576
Solid line: the value this library has carriedDashed from 2026: modelled · even money $15,235 to $23,092
The green band is the even-money range and the one to plan on: half of outcomes land inside it. The pale band behind it bounds eight in ten ($11,324 to $26,260). The path is this model's own: it starts along the momentum of its recorded history and bends toward its projected median as the horizon lengthens, so no two cars share a future curve.

The verdict

The numbers argue against it. Scores 39/100, ranking 37 of 46 in the under $30k band. Scarcity is the strongest input, risk resilience the weakest.
Running it costs about $3,830 a year (17.0% of value), which is what the economics score measures. All in, including the projected value change, it is $4,715 a year.
The model's five year median is $19,576, a -13.0% move, with the tenth percentile at $11,324.
Value calibrated to a thin record. Treat the level as provisional.
Evidence
Thin2 recorded sales
Off its peak
-30%
Value band
wide
At least one recorded transaction plus a source. Direction is sound, the exact level less so.
Scored against every recent Australian sale this library holds, half its values land within 11.2 per cent of the price paid and the rest miss by more, in either direction. Projections are therefore damped toward flat in proportion to how little is known, and the plausible band is never narrower than the error the model is known to make.
Short term (1-5 years)$4,715 a year all in, -13.0% median value move
Long term (10-15 years)Scarcity case already formed
Negotiate from$22,500

Recorded sales

Every recorded observation, and when
2 rows on record
$33k$27k$21k
20182020202220242026
the value this record published, year by yearnow $23ksold
Every row, with its price and note (2) ↓
Library value against the sold record
2 sales · median $26,375
Value $22,500
$25,750$27,000
The library value sits below the lowest recorded sale; the evidence note above explains why.
Sep 2026Collecting Cars$25,750Sold
SOLD. 17 Sep 2026, 326,450km not warranted. 1990 Range Rover Classic 3.9 VOGUE four-door, Australian-delivered, automatic, Trocadero Red over grey velour, serviced Feb 2026 at 322,000km, roof racks and tow bar fitted, stone chips front and rear
Jul 2018Shannons$27,000Sold
SOLD. Jul 2018, Shannons Melbourne Winter Classic, Lot 28. 1972 Range Rover 'Suffix B' two-door wagon. The only Range Rover Classic result in the entire 2018-2022 Shannons archive, and pre-boom.
2 completed Australian sales of 2 rows. Rows marked asking, no sale, or context are shown for honesty but do not count toward the evidence grade: an ask is not a transaction, a pass-in is a refusal, and a provenance or overseas result does not price the ordinary local car. The badge on every row is computed by the same rule as the grade, so the two cannot drift apart.

Score breakdown

Against the under $30k band median
46 cars in band · ink tick marks the median
Ownership economics30% of total
42/100+7
Scarcity25% of total
57/100+16
Demand durability20% of total
42/100-14
Liquidity15% of total
24/100-35
Risk resilience10% of total
1/100-36
Sub-scores run 0-100 before weighting; the weighted total is 39/100. Medians are computed live from the 46 cars currently in the under $30k band, so this picture moves when the library does.
The working behind each factor: baseline and drivers ↓
Ownership economics30% weight
42/100
Baseline84 pts
− 17.0% of value a year to run-42 pts
Sub-score (baseline plus drivers, clamped 0-100)42 pts
Scarcity25% weight
57/100
Baseline20 pts
+ 175 survivors estimated in Australia+37 pts
Sub-score (baseline plus drivers, clamped 0-100)57 pts
Demand durability20% weight
42/100
Baseline50 pts
+ The original luxury four-wheel drive, and the two-door is a design piece+14 pts
− Four-doors barely moved through the boom and are still cheap-12 pts
− Restoration cost exceeds the value of all but the best cars-10 pts
Sub-score (baseline plus drivers, clamped 0-100)42 pts
Liquidity15% weight
24/100
Baseline12 pts
+ 150 days on market0 pts
+ 20 sales a year+12 pts
Sub-score (baseline plus drivers, clamped 0-100)24 pts
Risk resilience10% weight
1/100
Baseline42 pts
− Body frame corrosion under the aluminium is $40,000-16 pts
− The two-door and four-door markets are two to three times apart-10 pts
− Two-doors here are often British imports rather than local deliveries-8 pts
− Thin transaction record-7 pts
Sub-score (baseline plus drivers, clamped 0-100)1 pts
Model output, not advice or a valuation. Verify independently before acting.

What it costs to own · about 4,977 km a year

Annual cost of access, excl. fuel
$3,830a year
Share of value per year
17.0%
Scheduled servicing$86022%
Tyres, annualised$59015%
Registration and CTP$46012%
Insurance$1,09028%
Sinking fund (failure table)$83022%
All-in annualised (a different number)
Purchase (model value plus duty)$23,400
Running costs × 5 years$19,150
Median exit, net of selling cost$18,976
All-in annualised over 5 years$4,715/yr
Share of value per year21.0%
Cost of access is what the car costs to run. All-in annualised adds depreciation, duty and selling costs across a five year hold. They answer different questions and are labelled separately for that reason.
Break-even appreciation, 5 year hold
14.2%a year, only to get the money back
This library projects
-2.7%a year
The projection falls 17.0 points a year short of the hurdle. On these assumptions this car is a cost, not an asset, which can be an entirely rational thing to buy but should be bought knowing it.
Purchase$22,500
Stamp duty$900
Running costs x 5 years$19,150
Selling cost at exit, 2.7% of the salescales with price
Sale price needed at +5 years$43,716
Storage
Bought at
No forecast is used to compute the hurdle. It is the purchase, the duty, any premium and 5 years of running cost, grossed up for the cost of selling and spread back over the hold. The projection it is measured against is the weakest number in this product and is drawn that way in the chart above. Transport, finance and any restoration spend sit outside it.

Specification

Engine3.5L NA aluminium V8
Power / torque109 kW / 265 Nm
0-100 km/hNot established
Transmission4sp manual
Drive4WD
Kerb weight1,900 kg
Built worldwide317,000
Delivered to AustraliaNot established
Effective AU survivors175
Australian sales / year20
Typical days on market150 days
Launch priceNot established

What moves the price on this model

Colour hierarchy
Original paint in a factory colour+5%
A period colour rather than a modern respray+3%
Resprayed over corroded pillars and sills-9%
Options
A genuine early two-door rather than the four-door this value describes+110%
Sound body frame at the pillars, sills, tailgate frame and floor+25%
Documented galvanised replacement chassis, professionally fitted+20%
Odometer sensitivity±0.9% per 10,000 km vs 214,000 km
Applied on top of these

Condition, history, originality, ownership, delivery and modification multipliers apply to every car in the library. They are applied automatically when an advertisement is analysed, and the schedule is set out once, on the analyser page.

Projected value in five years

Projected value at five years
$19,576
-13.0% on today
The model's figure. Today it is $22,500.
Even odds it lands between $15,235 and $23,092.
$11,324 lowhigh $26,260
The shaded range is even money and 52% wide; the outer figures bound eight outcomes in ten. Band width follows the evidence - a model with a tight measured record carries a tight band.
A weaker five year outlook than 87% of the library.
-26.6% weakest projected move in the librarystrongest +73.1%
Five-year cost of ownership
Value change alone: -$2,924 across five years.
Running costs over the same period: $19,150.
Duty and expected selling costs: $1,500.
Net cost of five years of ownership: $23,575, or $4,715 a year.
The projected value fall is added to the running cost. Depreciation is the larger number here.

The case for and against

The case for

Early two-doors roughly doubled to two and a half times into a 2022 peak and have held since, and genuine early two-doors number perhaps 100 to 250 in the whole country. The one published local result is a 1972 Suffix B two-door at $27,000 in July 2018, which was before any of that happened.

The case against

The value on this page is the four-door driver, and four-doors barely moved at all. Body frame corrosion under the aluminium is $40,000 and a galvanised chassis $45,000 on a $22,500 vehicle, so restoring one properly costs more than all but the best two-doors are worth.

Known faults and risks

Risk 1The two-door and the four-door are different vehicles and must not be blended
Risk 2Body frame corrosion under the aluminium at the pillars, sills and floor
Risk 3Restoration cost exceeds the value of every car except the best two-doors
Galvanised replacement chassis fitted$45,000
Body frame corrosion under the aluminium: A, B and D pillars, sills, tailgate frame, floor$40,000
Rover V8 dropped cylinder liners and porous blocks on 3.9/4.2, rebuild$20,000
Interior retrim, early two-door trim scarce and expensive$20,000
Chassis rot at the rear cross-member, spring seats and outriggers$12,000
Lucas-era electrical gremlins, earth faults, dash and window switch failure$8,000

Similar cars, and what they cost to run

Evidence behind this valueThin · 2 recorded sales
Carried value
$22,500
Historical price
2016 · $23,6002026 · $22,500
Thin
At least one recorded transaction plus a source. Direction is sound, the exact level less so.
September 2026, the first four-door result

A 1990 3.9 Vogue made $25,750 on 17 September: Australian-delivered, Trocadero Red over grey velour, automatic, 326,450 kilometres not warranted, a long service in February 2026 at 322,000 kilometres, stone chips front and rear. Carried on this record's curve to the 214,000 kilometres it expects, that is about $27,900, twenty-four per cent over the carried $22,500. One result does not move a value on a model this wide, and it is the first four-door this record has seen. A second near it would.

Read the rest of the evidence notes (5 more)
One result, and it sits on the other side of the model's biggest split

Shannons sold a 1972 Range Rover 'Suffix B' two-door wagon for $27,000 in July 2018. It is the only Range Rover Classic result in the entire published archive, which for this segment runs 2018 to March 2022 and then stops, because Shannons left the auction business in November 2023. It is a genuine early two-door, which makes it a useful anchor for the two-door market and no anchor at all for the four-door market this value describes. It also sits above that value, eight years earlier and before the boom.

The spread inside this one model is the widest in the tranche

A good honest early two-door is $45,000 to $75,000. A good honest four-door driver is $15,000 to $30,000, and the $22,500 here is the middle of that. Early two-doors roughly doubled to two and a half times into a 2022 peak and have been flat since; four-doors barely moved. The gap has widened dramatically, and any single figure covering both describes neither.

Read the survivor count with care, because it is not counting the car in the price

The 175 carried here is the research's estimate of genuine early two-doors in the country, the middle of a range of perhaps 100 to 250. It is not a population for the whole model. The four-door the value describes is a far more common vehicle than that number implies, so the scarcity on this page belongs to the car in the options rather than to the car in the price.

The arithmetic of restoration is brutal and it is the point

Body frame corrosion in the steel skeleton under the aluminium panels - A, B and D pillars, sills, tailgate frame and floor - is $40,000. A galvanised replacement chassis is $45,000. A Rover V8 rebuild for dropped liners or a porous block is $20,000, and an early two-door retrim another $20,000 on scarce parts. Against a $22,500 four-door, any one of those is terminal.

No drive-side question, but an origin one

These were sold new here as factory right-hand drive, four-doors in volume from 1981 and early two-doors in small numbers, so no conversion cost or conversion discount applies. Many of the two-doors in the country now are British imports rather than original Australian deliveries. The delivery field reads zero because no Australian figure was found, not because the vehicle was never sold here.

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This model, today$22,500
Half of sales are further out than$2,515
The report$249
10×
the price of the report: what half of real sales of this model sit further from this page's number than, on this car
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