We’re nearing the end of the year, and you know what that means: we’re looking for the best Section 179 hacks.
If you don’t know what Section 179 is, it’s a tax code that allows a business owner to write off all depreciation on vehicles over £6000 gross weight in the first year they are purchased.
This is great news for people who own businesses and need a fleet of trucks or even just a single pickup truck. Even better news, however, is that the gap allows ANY car over 6000 pounds gross weight to qualify.
This means:
Rolls Royce Ghost
Rolls Royce Dawn
Porsche Cayenne
Lamborghini Urus
Mercedes G63
Mercedes GLS63
Audi RS6 Avant
Range Rover SV Autobiography
Range Rover SVR and many more…
We’ve written about some great Section 179 hacks before so make sure to check out the previous buyer’s guides for some interesting reading, but today we’re going to talk about a personal favorite of many of our members for this tax loophole and that’s it Range Rover Sport SVR. This is an SUV with a lot of punch in terms of speed and handling, and it could be just the car for you. Read on to find out.
experience behind the wheel
I know a lot of people who think that SUVs are the entry point into the category that kills your ability to have fun driving. In fairness, that’s the case with some SUVs, and while some enjoy the big, towering, robust ride that SUVs like the G63 offer, or the more practical everyday usability that the Cayenne offers, the SVR falls somewhere in that Center of a Venn Diagram with the Circles: Fun, Useful and Practical.
The supercharged V8 engine produces 575 horsepower and 516 pounds of torque and can go from 0-60 in under 5 seconds, making it a fun way to get your kids to school every morning, especially if you’re running late.
It’s a wonderful balance of how the car can accelerate so quickly and offer excellent handling even for an SUV, and how the SVR can be taken and parked anywhere that’s worry-free with this daily driver. A big bonus is the SVR’s immense trunk, making travel, chores and more a very easy and even fun thing to do.
Range Rover Sport SVR General problems
Despite being the higher-end trim of the Range Rover line, it seems almost anything that will be made by Land Rover Range Rover will share the same common issues. For Rovers of all trim levels and sizes, this means suspension problems, differential problems, electrical problems, oil leaks and even engine problems. These are all costly issues to fix, especially out of warranty as most SVRs currently (2022) are.
A good way to ensure you don’t run into such problems before taking possession of your Range Rover SVR is to have a PPI performed by a trusted shop (try to avoid the dealer if possible as this will always be the case WANT to find problems, even if they don’t really exist).
This $400 fee will help save you headaches and costly repairs during your first period of ownership. To ensure your SVR runs well throughout your ownership, be sure to listen to the car when it needs something (service, gas, etc.) and treat the car as it is: an investment and an asset , protect it.
Range Rover Sport SVR Operating Costs/Maintenance
Rovers are expensive to fix, there’s no getting around that, and as we’ve said before, there can be some pretty expensive mean goblins that plague these types of cars.
Routine maintenance won’t break the bank, but when electrical problems are discovered it can cost upwards of $1,000 to simply diagnose the problem and an additional few thousand to fix it.
Suspensions can cost close to $15,000 if messed up enough, and doesn’t even get us started on the cost of replacing an engine. You might as well buy a whole different Rover for the same price. But don’t let those dollars put you off, for one make sure you PPI your SVR before taking ownership to ensure no costly repairs are required before becoming the new owner and the thousands of dollars -Inherit someone else’s problem.
Another great way to reduce the cost of repairs is to avoid the dealer’s shop like the plague. They charge hand over foot for these problems and give you the “parts must be shipped from UK” running around and leave your wallet empty and you without a car from anywhere for a week to 3 months…
Instead, find a trusted and qualified local workshop to look at your Rover, develop a relationship with them for future hacks you might want to get into, and watch as your car receives great care and your bank account doesn’t drain about these problems that can happen to any car at any time.
Range Rover Sport SVR Trim Differences
There are no additional trim levels for the SVR as it is itself the highest trim level in the Range Rover Sport line.
However, there was a generational change from 16-17 to 18-today, with the 18+ adding some additional features like a new internal display interface, an updated facelift, etc.
Range Rover Sport SVR options
Because Range Rover SVRs are actually the highest trim level in their class, they don’t have many interchangeable options. What you want to make sure your SVR has is that carbon interior package (not to be confused with the SVR’s Carbon Edition trim, which has a carbon front hood as its distinguishing feature), as well as a strong color combo that’s objectively hot. Blue, red, white, and black are all cheap exterior colors, with white, red, tan, and black all being cheap interior colors.
Preferably Range Rover Sport SVR Buy
If you’re looking for what is perhaps the most budget-friendly option of the SVRs, you should go for the 17s. With the SVRs being the highest trim level, it’s more about finding one in a strong color combo and decent mileage than anything else.
If you’re willing to pay more for the newer technology and slightly updated bodywork, opt for a second-gen 18-19.
A good rule of thumb when it comes to mileage: Take how many years old the car is and multiply that by 5,000. So a 17 is 5 years old (2022) and that would mean a good mileage allowance would be 25,000 miles on the odometer, always better to find less and you don’t usually want to stray too far from that, unless the price is a factor agrees with the mileage overage.
Conclusion
If you’re looking for an SUV that’s nothing but ordinary and boring to drive, then the SVR might be for you. Sure, there are plenty of other performance SUVs like the RSQ8 or the Urus, but both are well above the $100,000 and even $200,000 ranges, respectively. A budget-friendly, fun, and tax-hackable vehicle sounds like a win-win-win to me (and many other ECH members, too).