Some Jame Taylor Essential Buyer's Guide book quotes that I've previously sent to a mate thinking of getting an L322...
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There is no doubt that it will become appreciated as a classic of its kind in the future, but it's worth saying here and now that if your idea of classic car ownership involves a lot of tinkering with a spanner, an L322 is not for you. It was designed for wealthy owners who could afford to have it regularly maintained by a Land Rover dealership, and not for servicing at home. An absolute minimum requirement for working on one of these is a special electronic diagnostics kit - plus large amounts of patience, of course. Things do go wrong, typically with the complex electronic systems, and owner maintenance can be very frustrating and time consuming.
The Range Rover L322 is an enormously impressive vehicle when everything is working as its manufacturers intended. Unfortunately, reliability is a long way from exemplary. Faults do develop over time, and if they are not attended to immediately, they may develop into bigger faults that will actually immobilise the vehicle rather than simply being an irritation. It has been said that the older these models become, the more they suit an enthusiast rather than an owner who wants everyday transport.
The L322 does not take kindly to being run by owners who skimp on maintenance, and will reward them appropriately. But when it is maintained as intended, it is quite a remarkable piece of machinery, and one to enjoy and treasure.
An L322 Range Rover is not a vehicle that can be run on a shoestring budget. It is an expensive vehicle to own, and there is no way of reducing the bills except by neglecting it. Total neglect will quickly result in a vehicle that develops a rash of faults and becomes unusable.
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Plenty of help on here if you keep it.
Your BMW came from a time when they were still making decent vehicles, so maybe that is the better option? But I know which I'd want. RR every time.
Stu