The Range Rover is the most legendary luxury SUV out there, and it’s now been around for more than 50 years. The brand new model of which deliveries started early this year is however only the fifth generation in the line-up. The original Range Rover was built for all of 24 years, the third generation L322 for 11 years and the L405, the predecessor to the fifth generation of which I have one in the garage, for 10 years without major modifications. You will have noticed that the second generation, the P38, is missing from the above. This is a car that was never really loved, had the worst reputation of them all and had it been possible to stop, would probably never have been launched in the first place. Doesn’t really sound great, does it? This means that the P38 is very much at the bottom of the Range Rover pack in terms of secondary market values (or put differently, it’s dirt cheap), which is something that always intrigues me. This week, we’ll therefore look at the forgotten lord, the P38, to try to figure out if it’s best left to die, or actually something worth considering!

It was certainly not a very confident Rover company that presented the P38 in 1994. Rover had been taken over by BMW the same year in a merger that will not go down in history as the most thought-through, and when the Bavarians came up to the Rover factory in Solihull and saw the new Range project, they were apparently far from impressed. This was the car that was supposed to succeed the Classic that was was already then a legend, and BMW didn’t feel it was even ready to be released. They were however far too late to do anything about it and in the same year, the P38, somewhat half-heartedly, was presented to the world. Production of the original Range actually continued a couple of years in parallel to the new car, and the development of what was to become its successor in 2001, the L322, had already started. Talk about being an unloved child and with a build-time of only seven years, the P38 is (until today) the shortest-lived car in the Range line-up.

What is clear just by looking at it is that the design is nothing Rover needed to be ashamed about. What was to become the P38 was developed internally at Rover and the final project was preferred over four other, notably one from Bertone. Rover definitely made the right choice, as the P38 is a good-looking car and unmistakenly a Range Rover. The low waistline and big windows give it a friendly look and have the additional advantage of making it easy to place the car on the road, which to be fair is also helped by the fact that at 4.7 metres length and 1.9 metres width, it’s far smaller than later Ranges. The P38 was available with three engines, two versions of the Rover V8 at 4 and 4.6 litres, and a six-cylinder BMW diesel at 2.5 litres. Of these, the only one you should ever consider is the 4.6 l, as even that only puts out 224 hp and 380 Nm of torque and doesn’t make the Range a fast car. The 2.5 litre diesel delivers a paltry 136 hp, less torque than the V8 and needs a spectacular 17 seconds to make it to 100 km/h. It’s not even very economical doing so. All engines are coupled to a 4-speed automatic in a body-on-frame construction.

As in all later Ranges, the interior of the P38 is a very nice place to be, with a very distinct smell from the leather and other materials used. This was very much intentional as Rover had understood that with the introduction of the P38, these cars would start moving away from the pastures onto the roads, meaning buyers would expect a more luxurious interior. There is thus almost as much leather and wood in one of these as in a modern Range and although comfort is not the same at the same level, the air suspension helps you travel in high comfort. I’ve had the pleasure of doing so several times through the years, and the P38 provides exactly the same commading driving position in a plush chair as later – and more expensive – Ranges do. With an engine that doesn’t encourage anything but soft cruising that’s all you’ll ever do, and the P38 will be an excellent companion. All cars were well equipped by standards at the time, with the HSE being better than the SE, the Autobiography better than the HSE and with special series like the Holland & Holland bringing additional goodies.

So what about the quality and BMW’s feeling that the new car wasn’t ready to be released – has history proved them right? It certainly didn’t take long before the P38 started developing a reputation for bad reliability. This may not have been the case had buyers come from Rover’s traditional crowd, but BMW and other owners who were convinced to spend a lot of money on a new Range were far less understanding than traditional Rover buyers of regularly having to clean oil off their driveway. Having said that, all Ranges have a reputation for bad reliability, including mine which I’ve now had for 18 months and almost 20′ km without a single issue, so you could well imagine there’s a cultural angle here as well and that maybe, the car is better than its reputation. As so often, quality will stand in relation to previous ownership and service history, but it’s clear that the poor reputation has contributed to P38’s loosing value like a stone. There was a time you could have them for literally nothing, and people did, ruining them on the way, meaning the P38 has become rare these days and that prices have therefore started to climb somewhat. It will most probably never develop into a true classic like the RR Classic, but my guess is that values have hit the bottom.

So, should you park a P38 in your driveway? I can imagine some good scenarios for doing so, but they’re all based on finding a mechanically sound car, so the regular checks of service history and general condition are very much mandatory. High mileage needs not be an issue if the car has been regularly maintained. During the last three years, the Lucas engine management system was replaced by one from Bosch, generally considered better. Among expensive things to fix, pay attention to the suspension, if it’s harsh or inexistent, that means a problem with the air suspension system which will be expensive to repair. Also check the auto box in Manual and Sport. Otherwise one of the attractions of the P38 over its successor, the L322, is firstly that it looks better, secondly that it weighs almost half a ton less and thirdly, that there’s less (and less complicated) stuff to fix. The P38 remains a very comfortable way to travel and of course, being a Range Rover, an outstanding offroad car, and the few remaining nice examples out there can be had today for less than EUR/USD 10′ with much room for negotiation, which is a true bargain. In the electrified world we’re apparently moving towards, there’s of course a risk is you’ll never get more from it than scrap value when you try to sell it, but what the heck – why not enjoy the ride until then in a car that will always look more expensive than it is!