EVs... no one wants them!
Discussion
Scrubs said:
Very tempted with the new Model 3 Performance. At the moment though, it is £59,990 with an APR of 9.6% over 4 years.
If I stick down the max deposit of £21K to save a bit of interest, that works out at around £564 a month x48.
£564 x 48 plus the 21K deposit = Approx 48K for 4 years of ownership. Tesla Estimates residual value after 4 years is £24K.
Flip side of that is I could grab a bank loan of around 20K at 5%, then add about 20K cash on top and get a very recent 23 plate performance. Of course, it's not the latest and improved model, so can see that being worth about 15K in another 4 years.
Decisions decisions. The PCP optoion on the latest one means I don't need to bother with worrying about future depreciation. Second option obviously saves a good bit, but I'm in the older version.
Anyway, it's where I am just now...
A model 3 performance will not be worth 24k in 4 years time. More like 20k if that trade in. Anyway 48k to rent a car for 4 years just seems madness when you can own one a year old for 40k and have £15k return on it after 4 years so you lose 25k over 4 years. or 23k less than the brand new option!If I stick down the max deposit of £21K to save a bit of interest, that works out at around £564 a month x48.
£564 x 48 plus the 21K deposit = Approx 48K for 4 years of ownership. Tesla Estimates residual value after 4 years is £24K.
Flip side of that is I could grab a bank loan of around 20K at 5%, then add about 20K cash on top and get a very recent 23 plate performance. Of course, it's not the latest and improved model, so can see that being worth about 15K in another 4 years.
Decisions decisions. The PCP optoion on the latest one means I don't need to bother with worrying about future depreciation. Second option obviously saves a good bit, but I'm in the older version.
Anyway, it's where I am just now...
Edited by Scrubs on Wednesday 22 May 14:27
Scrubs said:
£564 x 48 plus the 21K deposit = Approx 48K for 4 years of ownership. Tesla Estimates residual value after 4 years is £24K.
If that residual is not guaranteed, I would be seriously careful about anything that Tesla estimate. I already find that figure hard to believe given the depreciation the Model 3 has experienced already.Unreal said:
Dave200 said:
Yes, for those <1% of journeys the Panda would get there sooner. For the 99%+ of journeys I know where I'd rather be, and it's not in an uncomfortable Italian sh*tbox.
A fast jelly mould?BricktopST205 said:
Dave200 said:
Yes, for those <1% of journeys the Panda would get there sooner. For the 99%+ of journeys I know where I'd rather be, and it's not in an uncomfortable Italian sh*tbox.
That's cool. You can sit in a services stinking of piss for 30 minutes waiting for your car to charge whilst the Panda is already parked on the Riviera enjoying the view and delicious food. The irony of what I posted is actually true. Regardless of what percentage of the journey it makes up.
shiversaint said:
Scrubs said:
£564 x 48 plus the 21K deposit = Approx 48K for 4 years of ownership. Tesla Estimates residual value after 4 years is £24K.
If that residual is not guaranteed, I would be seriously careful about anything that Tesla estimate. I already find that figure hard to believe given the depreciation the Model 3 has experienced already.BricktopST205 said:
That's cool. You can sit in a services stinking of piss for 30 minutes waiting for your car to charge whilst the Panda is already parked on the Riviera enjoying the view and delicious food.
The irony of what I posted is actually true. Regardless of what percentage of the journey it makes up.
You don’t seem to understand how irony works do you?The irony of what I posted is actually true. Regardless of what percentage of the journey it makes up.
Or electric vehicles for that matter.
Anyway enjoy the Panda if that’s your thing.
BricktopST205 said:
Scrubs said:
Very tempted with the new Model 3 Performance. At the moment though, it is £59,990 with an APR of 9.6% over 4 years.
If I stick down the max deposit of £21K to save a bit of interest, that works out at around £564 a month x48.
£564 x 48 plus the 21K deposit = Approx 48K for 4 years of ownership. Tesla Estimates residual value after 4 years is £24K.
Flip side of that is I could grab a bank loan of around 20K at 5%, then add about 20K cash on top and get a very recent 23 plate performance. Of course, it's not the latest and improved model, so can see that being worth about 15K in another 4 years.
Decisions decisions. The PCP optoion on the latest one means I don't need to bother with worrying about future depreciation. Second option obviously saves a good bit, but I'm in the older version.
Anyway, it's where I am just now...
A model 3 performance will not be worth 24k in 4 years time. More like 20k if that trade in. Anyway 48k to rent a car for 4 years just seems madness when you can own one a year old for 40k and have £15k return on it after 4 years so you lose 25k over 4 years. or 23k less than the brand new option!If I stick down the max deposit of £21K to save a bit of interest, that works out at around £564 a month x48.
£564 x 48 plus the 21K deposit = Approx 48K for 4 years of ownership. Tesla Estimates residual value after 4 years is £24K.
Flip side of that is I could grab a bank loan of around 20K at 5%, then add about 20K cash on top and get a very recent 23 plate performance. Of course, it's not the latest and improved model, so can see that being worth about 15K in another 4 years.
Decisions decisions. The PCP optoion on the latest one means I don't need to bother with worrying about future depreciation. Second option obviously saves a good bit, but I'm in the older version.
Anyway, it's where I am just now...
Edited by Scrubs on Wednesday 22 May 14:27
Some of the current ones today have fetched circa £24k trade at 4 years old, so I think that is a pretty realistic for a nice example 'Highland' Performance model in 4 years time.
Having said that, I think it is highly likely in the next 6 months that Tesla will substantially improve their finance offers on new Model 3s. They are just so much more expensive than previously, and also so much more expensive than they are now offering in other markets. Seems Tesla UK are currently milking the "RHD premium", but that will change imo. I suspect if anyone can wait, they will probably get a much better deal on a new car from Tesla (with them also taking the depreciation risk).
EddieSteadyGo said:
Funnily enough I've just opened a BCA trade account (not that I'm a trader, but more as an alternative if I wanted to buy any extra company cars at 'trade price') and I've been watching some of the auctions online to see what Tesla Model 3 Long Range and Performance models fetch at 3 and 4 years old.
Some of the current ones today have fetched circa £24k trade at 4 years old, so I think that is a pretty realistic for a nice example 'Highland' Performance model in 4 years time.
Having said that, I think it is highly likely in the next 6 months that Tesla will substantially improve their finance offers on new Model 3s. They are just so much more expensive than previously, and also so much more expensive than they are now offering in other markets. Seems Tesla UK are currently milking the "RHD premium", but that will change imo. I suspect if anyone can wait, they will probably get a much better deal on a new car from Tesla (with them also taking the depreciation risk).
All the 4 years old Tesla's I am seeing now on Autotrader are 18k for high mileage to around 22 for low mileage. Long range about 1-2k cheaper on top of that.Some of the current ones today have fetched circa £24k trade at 4 years old, so I think that is a pretty realistic for a nice example 'Highland' Performance model in 4 years time.
Having said that, I think it is highly likely in the next 6 months that Tesla will substantially improve their finance offers on new Model 3s. They are just so much more expensive than previously, and also so much more expensive than they are now offering in other markets. Seems Tesla UK are currently milking the "RHD premium", but that will change imo. I suspect if anyone can wait, they will probably get a much better deal on a new car from Tesla (with them also taking the depreciation risk).
shiversaint said:
Scrubs said:
£564 x 48 plus the 21K deposit = Approx 48K for 4 years of ownership. Tesla Estimates residual value after 4 years is £24K.
If that residual is not guaranteed, I would be seriously careful about anything that Tesla estimate. I already find that figure hard to believe given the depreciation the Model 3 has experienced already.BricktopST205 said:
All the 4 years old Tesla's I am seeing now on Autotrader are 18k for high mileage to around 22 for low mileage. Long range about 1-2k cheaper on top of that.
You've gone off the reservation today, I'm guessing one of us just got smoked by a Tesla.And it wasn't me.
Go on admit it, what car were you driving?
GT9 said:
You've gone off the reservation today, I'm guessing one of us just got smoked by a Tesla.
And it wasn't me.
Go on admit it, what car were you driving?
Scania R450. I get smoked by pretty much anything apart from a DAF going uphill. Saying that the Tesla's on the back get to experience what driving 400 miles without stopping feels like. And it wasn't me.
Go on admit it, what car were you driving?
Dave200 said:
Unreal said:
Dave200 said:
Yes, for those <1% of journeys the Panda would get there sooner. For the 99%+ of journeys I know where I'd rather be, and it's not in an uncomfortable Italian sh*tbox.
A fast jelly mould?BricktopST205 said:
All the 4 years old Tesla's I am seeing now on Autotrader are 18k for high mileage to around 22 for low mileage. Long range about 1-2k cheaper on top of that.
You are looking at the cheapest cars in the market. They will usually be the cheapest for a reason, but that will often takes some investigation to find the specific reason why. As I say, the trade were bidding well over those prices for normal mileage LR and Performance Model 3s. So either they don't know how to use Autotrader, or the market prices for good quality, clean cars is higher than you think.BricktopST205 said:
GT9 said:
You've gone off the reservation today, I'm guessing one of us just got smoked by a Tesla.
And it wasn't me.
Go on admit it, what car were you driving?
Scania R450. I get smoked by pretty much anything apart from a DAF going uphill. Saying that the Tesla's on the back get to experience what driving 400 miles without stopping feels like. And it wasn't me.
Go on admit it, what car were you driving?
Unreal said:
Dave200 said:
Unreal said:
Dave200 said:
Yes, for those <1% of journeys the Panda would get there sooner. For the 99%+ of journeys I know where I'd rather be, and it's not in an uncomfortable Italian sh*tbox.
A fast jelly mould?
. Dave200 said:
You'll need to ask the oddbod who started the whole Panda comparison thing. This thread has become very weird.
I was thinking the same. No one has to like EVs, no one has to even buy them. Yet here we go, instead of saying "not for me", people just can't stop protesting with weird arguments but next to zero direct experience.Why? (I have asked before but no comprehensible answer was given).
Saweep said:
I saw an advert for a brand new Audi E tron GT, list 114k, with a £40k discount if using Audi FS.
That's quite the discount on the best looking EV out there.
The problem is that it still doesn’t look very good compared to a whole load of ICE cars at a similar price point, which depreciate at a much lower rate. That's quite the discount on the best looking EV out there.
Running costs are pretty much irrelevant at this price point as depreciation will trump the cost of fuel and servicing.
If anything, the discount shows you how undesirable they are.
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