Very true, and I wouldn’t buy them either. I’ve got to be able to look at it and like it.
Are EVs the way forward?
- Thread starter The Flying Scotsman
- Start date
Had the buzz cargo again the wkend it is growing on me.
I wouldn’t swap just yet but the drive around town without a doubt is better than my dsg it’s so easy to drive. Saying all that when we swap vehicles occasionally ( me and business partner) it comes charged as wouldn’t want to be messing with all that malarkey
I wouldn’t swap just yet but the drive around town without a doubt is better than my dsg it’s so easy to drive. Saying all that when we swap vehicles occasionally ( me and business partner) it comes charged as wouldn’t want to be messing with all that malarkey
I did wonder when I got my Tesla if I'd miss the noise etc, and to be honest I don't. It's actually amazing fun to blast past people in a relaxed manner without them knowing your coming through. You can pretty much throw these model 3's round bends like a sports car.
But yeah, it is nice to hear a burble from a nice 5+ cylinder though.
I'm a fan of 80s and 90s hot hatches, but by the time I could afford one, they were too old to use every day and now they are too much money to buy and maintain.
Hence an electric car just doesn't appeal at all.
I get the fact that the instant torque is impressive, but AWD 5pot and launch control is difficult to beat IMO. Couldn't even imagine a trackday in an EV, just seems wrong.
I'm hoping they do a Renault 5 petrol version, love the look of the new one.
It's not all about going fast
You might explain that to "the Luddites" at Brighton and Hove Council, renowned for being environmentally aware.
They've just given the bus contract to a company that use only diesel buses after several years of using a company that used only electric buses.
Brighton bus company questions council's net-zero ambitions
Brighton & Hove City Council has switched to a diesel-supported bus service.
www.bbc.co.uk
It's never as simple as it seems.
I’ve had 2 EV’s over last 3 years……when I first went electric it was when electricity prices were stable. it was free to charge at our local shopping centre. Insurance was reasonable and no rod tax.
Now, cost of electric is sky high! If using fast chargers in service stations it’s no cheaper than diesel, in some cases it’s more!
Some are reporting insurance premiums are going crazy for EV’s. This is due to some insurers writing the off cars that have been in minor bumps for Fear of the possibility battery may be damaged.
Also, the benefit of no road tax is finished this April. If list price is more than 40 K it will be more than £600 tax for the year!
So for me, I feel cheated that we’ve been convince EV’s are the way forward when they are clearly not. (For me anyway)
They through tires like you wouldn’t believe and absolutely sh*te in the snow.
Don’t get me started on the depreciation!
Unfortunately, I have another year before I’m in a position to hand the car back. Thankfully I have the van to drive which is far more enjoyable than driving my electric car..
Now, cost of electric is sky high! If using fast chargers in service stations it’s no cheaper than diesel, in some cases it’s more!
Some are reporting insurance premiums are going crazy for EV’s. This is due to some insurers writing the off cars that have been in minor bumps for Fear of the possibility battery may be damaged.
Also, the benefit of no road tax is finished this April. If list price is more than 40 K it will be more than £600 tax for the year!
So for me, I feel cheated that we’ve been convince EV’s are the way forward when they are clearly not. (For me anyway)
They through tires like you wouldn’t believe and absolutely sh*te in the snow.
Don’t get me started on the depreciation!
Unfortunately, I have another year before I’m in a position to hand the car back. Thankfully I have the van to drive which is far more enjoyable than driving my electric car..
Out of interest what EVs were they and how does depreciation come into it if you're going to hand the car back in a years time?
Vw and Cupra. it’s on a PCP so I was hopeful that when I get to the end of the deal I may have some equity for my next vehicle but just under 2years old it is valued at less than the residual bubble left after 4 year PCP. so I have no option but to give it back and walk away with nothing.
Has it been valued less due to excess mileage and/or condition? I know the residual bubble figures are not guaranteed but the fact that if it is in good condition and/or under mileage that would be a real shocker after only two years. Do you mind quoting some figures?
Not at all, the mileage is 12k per year. It’s very well looked after.
It’s just the way it is with EV’s I’ve know people that have purchased very expensive high end EV’s and the depreciation on them is frightening
That's the market.Not at all, the mileage is 12k per year. It’s very well looked after.
It’s just the way it is with EV’s I’ve know people that have purchased very expensive high end EV’s and the depreciation on them is frightening
Big petrol lux-O-barges are worse and always have been.
2 years ago it was ICE vehicles suffering while EVs were even appreciating. I took my Cooper S electric in for it first "service" and the dealer offered to buy it back for what I'd paid for it.
And today, 2 years, on its different.
And in another 2 it'll be different again.
Basing a buying decision on projected future values based on the state of todays market is ridiculous, because recent history shows it can and will change abrupty and over a short period for manifold reasons.
In any case, it has traditionally been accepted that the typical petrol vehicle will have a trade value of barely 35% of its ticket price after three years and you werent here complaining about that two years ago (and ypu were a member here 2 years ago), so to start doing so today is very selective presentation of an argument.
For a brand new vehicle, lease (PCH or BCH) is the only way to not lose out. You know what it will cost over the term and that's exactly what you will lose.
I've never leased a vehicle so I had wondered about the talk of equity in a car, not trying to sound smart here as I guess the situation translates to having a mortgage on an house and I've had plenty of those over nearly 50 years of "owning" an house.
Here's the rub in my case, I've never had a new car as it's always been a given that they depreciate but I've always fancied one so the nearest I've come over the years is either buying a salvage car and repairing it or later on in life buying a two year old ex fleet car at auction, bought five like this.
I have thought about leasing in terms of the low cost rent of an EV and psychologically avoiding the depreciation but the brother and sister in law both have vehicles coming up to three years old. Both have kerbed wheels and associated use wear marks plus a modest over mileage so will be looking at quite a few hundred quid each vehicle for the pleasure of handing back the cars which would be the same nightmare I always get with holiday car rental in say Spain where the "helpful" staff swarm over the car with magnifying glasses.
Here's the rub in my case, I've never had a new car as it's always been a given that they depreciate but I've always fancied one so the nearest I've come over the years is either buying a salvage car and repairing it or later on in life buying a two year old ex fleet car at auction, bought five like this.
I have thought about leasing in terms of the low cost rent of an EV and psychologically avoiding the depreciation but the brother and sister in law both have vehicles coming up to three years old. Both have kerbed wheels and associated use wear marks plus a modest over mileage so will be looking at quite a few hundred quid each vehicle for the pleasure of handing back the cars which would be the same nightmare I always get with holiday car rental in say Spain where the "helpful" staff swarm over the car with magnifying glasses.
Alot of people confuse a PCP with a PCH (Lease).
With a PCH (Lease) - you will not have the option (usually) to own the car at the end of the term. It is simply a hire agreement and after 24/36/48 months you hand it back. The end.
With a PCP, there is a chance that the car could have some equity. i.e. it is valued at more than the guaranteed future value. In my experience, this is quite unlikely.
Of course you will always lose regardless. They’re not there to make money on. They are tool.
In standard terms, most depreciation is as you drive it off the forecourt from New.
My gripe is, we were led to believe moving to EV is something great and beneficial. it’s totally opposite and depreciate far more than a standard ICE car would.
Usually PCP deal will leave you in a position after 2 to 3 years of allowing a new deal with a small amount of equity or at leat to break even. Mine will be negative to the very end.,
As you suggest, wheel damage etc will be factored in too.
I go for new cars for warranty, no MOT for 3 year, Service plan usually incuded.
Suppose we can’t have it all ways
If EV's depreciate as quick as you say, and I acknowledge currently they dip quicker than ICE, a £12999 Dacia Spring will be around £6k in a couple of years. This should tempt the punters who would otherwise buy 10 year old ICE
