Taycan starting to look like a bargain
Discussion
Nomme de Plum said:
Louis Balfour said:
I've checked back several pages and can find no explanation from you. Copy and past it if you'd be so kind.
On the subject of why compare a 500kw car with a 600kw car - because if that metric is not the defining one for the utility of the vehicle it becomes largely irrelevant.
No it is detailed above if you cannot understand it i'm not her to educate you. Maybe if i understood your field of expertise i could help, What did you study at uni? On the subject of why compare a 500kw car with a 600kw car - because if that metric is not the defining one for the utility of the vehicle it becomes largely irrelevant.
I won't bore you with my field of expertise, but my degree is in Industrial Economics.
Murph7355 said:
If we're beyond willy waving on certifications and professions,
No willy waving from me. Nomme de Plum asked me what I read at Uni. I told him.Murph7355 said:
can someone remind me of the relevance of HM noting that a more expensive car has higher monthlies than a cheaper one?
Because he wanted an economic SUV that would tow. The additional power of the EV was not relevant to him.The cars being equal in respect of the factors that mattered to him cost of ownership became the deciding factor.Murph7355 said:
Doesn't the PHEV have a better residual value? 60% versus 57%?)
Yes the GFV is slightly better on the EV, but they can afford to do that due to the far higher interest rate on the EV.Louis Balfour said:
I've checked back several pages and can find no explanation from you. Copy and past it if you'd be so kind.
On the subject of why compare a 500kw car with a 600kw car - because if that metric is not the defining one for the utility of the vehicle it becomes largely irrelevant.
If it is largely irrelevant why do it.? As i said Apples with Apples. I get the impression that you do not understand what a like for like comparison is. On the subject of why compare a 500kw car with a 600kw car - because if that metric is not the defining one for the utility of the vehicle it becomes largely irrelevant.
Nomme de Plum said:
Louis Balfour said:
I've checked back several pages and can find no explanation from you. Copy and past it if you'd be so kind.
On the subject of why compare a 500kw car with a 600kw car - because if that metric is not the defining one for the utility of the vehicle it becomes largely irrelevant.
If it is largely irrelevant why do it.? As i said Apples with Apples. I get the impression that you do not understand what a like for like comparison is. On the subject of why compare a 500kw car with a 600kw car - because if that metric is not the defining one for the utility of the vehicle it becomes largely irrelevant.
Nomme de Plum said:
Louis Balfour said:
You've posted nothing approaching a viable explanation above.
I won't bore you with my field of expertise, but my degree is in Industrial Economics.
Then you should know that like for like means. I won't bore you with my field of expertise, but my degree is in Industrial Economics.
Murph7355 said:
If we're beyond willy waving on certifications and professions, can someone remind me of the relevance of HM noting that a more expensive car has higher monthlies than a cheaper one?
(Also, from those lease figures, doesn't the PHEV have a better residual value? 60% versus 57%?)
Seems a bit of a, "no s(Also, from those lease figures, doesn't the PHEV have a better residual value? 60% versus 57%?)
t Sherlock" thing really.There is no relevance. It was a poor effort at trying to justify going back to diesel and complaining about PHEV's.
If he wants something to tow and isn't bothered about the hybrid, fine. Go back to a diesel. But just don't bother trying to justify the price differential. Especially when I've mentioned a few times now, that it'd be cheaper to buy a PHEV through the business.
Louis Balfour said:
Yes the GFV is slightly better on the EV, but they can afford to do that due to the far higher interest rate on the EV.
Haven't we moved away from GFV nowadays? Dealers stopped being able to guarantee values for years now so it's now just a final payment, which is the lowest predicted value that won't leave the customer in negative equity after the term.In this respect the interest rate has no bearing on the optional final payment.
Not being picky but that's how I understand it.
Zero Fuchs said:
Louis Balfour said:
Yes the GFV is slightly better on the EV, but they can afford to do that due to the far higher interest rate on the EV.
Haven't we moved away from GFV nowadays? Dealers stopped being able to guarantee values for years now so it's now just a final payment, which is the lowest predicted value that won't leave the customer in negative equity after the term.In this respect the interest rate has no bearing on the optional final payment.
Not being picky but that's how I understand it.
Louis Balfour said:
Zero Fuchs said:
Louis Balfour said:
Yes the GFV is slightly better on the EV, but they can afford to do that due to the far higher interest rate on the EV.
Haven't we moved away from GFV nowadays? Dealers stopped being able to guarantee values for years now so it's now just a final payment, which is the lowest predicted value that won't leave the customer in negative equity after the term.In this respect the interest rate has no bearing on the optional final payment.
Not being picky but that's how I understand it.
If we're talking PCP, the interest is based on the amount financed, the term, less the deposit. All the interest is paid before the final payment. It doesn't determine it.
Edited by Zero Fuchs on Sunday 11th February 21:31
Zero Fuchs said:
Louis Balfour said:
Zero Fuchs said:
Louis Balfour said:
Yes the GFV is slightly better on the EV, but they can afford to do that due to the far higher interest rate on the EV.
Haven't we moved away from GFV nowadays? Dealers stopped being able to guarantee values for years now so it's now just a final payment, which is the lowest predicted value that won't leave the customer in negative equity after the term.In this respect the interest rate has no bearing on the optional final payment.
Not being picky but that's how I understand it.
If we're talking PCP, the interest is based on the amount financed, the term, less the deposit. All the interest is paid before the final payment. It doesn't determine it.
Edited by Zero Fuchs on Sunday 11th February 21:31
epom said:
enby said:
Was in my local OPC at the weekend and heard the tale of woe on used Taycans.
Fella ordered a Cross Turismo Turbo S, £160k list.
Chopped it in 18k miles later for £68k.
That is pain at every level.
£92k !! £92k…. Fella ordered a Cross Turismo Turbo S, £160k list.
Chopped it in 18k miles later for £68k.
That is pain at every level.
To buy a car outright, with an RRP designed solely to make subsidised company leasers feel they're getting an outrageous bargain, is stupid.
God knows how such a muppet ended up with £160k to spend in the first place
Louis Balfour said:
But, as far as I am aware, a car loan is typically going to have a deposit, a final payment and interest upon the balance being paid off plus interest on the final payment. These variables are agreed at inception of the loan.
The final payment affects the amount of interest you're paying, but not the interest RATE. The rate is fixed by the lender.A lower final payment means you're paying off more of the the capital every month, so end up paying less interest.
silentbrown said:
Louis Balfour said:
But, as far as I am aware, a car loan is typically going to have a deposit, a final payment and interest upon the balance being paid off plus interest on the final payment. These variables are agreed at inception of the loan.
The final payment affects the amount of interest you're paying, but not the interest RATE. The rate is fixed by the lender.A lower final payment means you're paying off more of the the capital every month, so end up paying less interest.
That's how I understand it to work.
The final payment isn't determined by the interest rate but things like the duration of finance arrangement and the amount of mileage.(as this affects the projected depreciation).
TheDeuce said:
epom said:
enby said:
Was in my local OPC at the weekend and heard the tale of woe on used Taycans.
Fella ordered a Cross Turismo Turbo S, £160k list.
Chopped it in 18k miles later for £68k.
That is pain at every level.
£92k !! £92k…. Fella ordered a Cross Turismo Turbo S, £160k list.
Chopped it in 18k miles later for £68k.
That is pain at every level.
To buy a car outright, with an RRP designed solely to make subsidised company leasers feel they're getting an outrageous bargain, is stupid.
God knows how such a muppet ended up with £160k to spend in the first place
Frimley111R said:
TheDeuce said:
epom said:
enby said:
Was in my local OPC at the weekend and heard the tale of woe on used Taycans.
Fella ordered a Cross Turismo Turbo S, £160k list.
Chopped it in 18k miles later for £68k.
That is pain at every level.
£92k !! £92k…. Fella ordered a Cross Turismo Turbo S, £160k list.
Chopped it in 18k miles later for £68k.
That is pain at every level.
To buy a car outright, with an RRP designed solely to make subsidised company leasers feel they're getting an outrageous bargain, is stupid.
God knows how such a muppet ended up with £160k to spend in the first place
The only impact on company tax is that the company making 50k less profit wil result in paying £10k less tax (20% corp tax rate).
So in that example he's lost 40k profit.
silentbrown said:
Louis Balfour said:
But, as far as I am aware, a car loan is typically going to have a deposit, a final payment and interest upon the balance being paid off plus interest on the final payment. These variables are agreed at inception of the loan.
The final payment affects the amount of interest you're paying, but not the interest RATE. The rate is fixed by the lender.A lower final payment means you're paying off more of the the capital every month, so end up paying less interest.
The lender can choose to adjust either to achieve different outcomes WRT payment and to determine their profit in the transaction.
Which is why the rate and final payment are linked and why one affects the other.
In the quotes above the final payments are optional, which implies that they are GFVs.
If you look at the total amount payable in Harry’s quotes you can see how the could manipulate the “GFV” as there is a £14k difference in what the customer is paying in interest and as it’s the finance company that is possibly getting the asset back it’s their risk.
Are they charging a higher interest rate on the hybrid because it’s more desirable or because more of the depreciation can be offset by companies and they want to even things up?
Are they charging a higher interest rate on the hybrid because it’s more desirable or because more of the depreciation can be offset by companies and they want to even things up?
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