New 2017 Land Rover Discovery looks set to be a cheap lease deal

The new 2017 Land Rover Discovery looks set to offer the best lease rates in its sector thanks to an almost 60% residual value after 3 years.

The two things which affect the cost of ownership of a car probably more than any other are the residual value and interest rates.

So with interest rates at an all time low, to keep you car payments low – on leasing or contract hire – you need strong residual values. And the new 2017 Land Rover Discovery seems to have that in spades.

Following its reveal last month, the bean counters at used car value gurus CAP have been busy pushing the coloured bits of their abacus around, and have declared the new Discovery will have a residual value of 59% after three years and 36,000 miles.

That, says Land Rover, means if you’re happy to stick down a £12,040 deposit you can have a Discovery S with the 2.0 litre Ingenium SD4 over 37 months on a 10k per annum mileage contract for just £399 a month. Which is a good headline figure, even if JLR has manipulated the deposit to achieve it.

But even at the top of the trim scale, and with a less manipulated deposit of £10k, you can have an HSE Luxury for £754 a moth. Which is very competitive.

JLR MD Jeremy Hicks said:

The new Discovery is already proving to be immensely competitive against the established competition. High residuals and reduced running costs mean that Discovery customers can enjoy all the improved benefits over the outgoing Discovery and its peers for less.

You can already get your order in for the new Discovery, and if you’re quick, and happy to spend, you could grab one of the £68k First Edition Discos available in the UK, which judging by the rates JLR has revealed should be your for £10k down and around £800 a month.

Although you nice shiny 2017 Land Rover Discovery won’t actually arrive until spring next year.