EVs... no one wants them!
Discussion
survivalist said:
KingGary said:
Put succinctly, all the people who wanted one and could afford it, now have one. Nobody else does.
Pretty fair assessment. Until prices (used or new) plummet or better products hit the market, anyway.
There must be quite a few people in similar situations.
Coxwain said:
Anyone buying a new or nearly new EV on finance needs their head looking at. With EV depreciation the way it's going, it's the ultimate definition of a liability and the total opposite of an asset. Spending several thousand each year to save a few hundreds in fuel. Bonkers logic!
This suggests that you don’t really understand how car sales work these days. Most of the discounts are hidden in PCP and PCH deals.
Slow EV sales mean that discounts can be massive, but you won’t get a deal by showing up with a cash offer.
On top of that, future values are someone else’s problem.
survivalist said:
KingGary said:
Put succinctly, all the people who wanted one and could afford it, now have one. Nobody else does.
Pretty fair assessment. Until prices (used or new) plummet or better products hit the market, anyway.
KingGary said:
Put succinctly, all the people who wanted one and could afford it, now have one. Nobody else does.
Spot on and when you speak to family and friends they're not the slightest bit interested. It's still a really niche thing (apart from this forum) but that could be my age.That said my lad has an EV but he's an outlier as he always wanted one (it saves me the oil changes)
My street has 300 odd homes and none have any that I can see (upper middle class neighbourhood) The street above (company director land - Stepford Wives - no kids ) has a few but always has but no recent editions of note.
It appears to have come to a bit of a grinding halt. I'm interested mind !
In the past 12 months I've gone fully electric, two mates have also gone fully EV, as has the boss, and a neighbour on my street.
Still know plenty of people that could have practically chosen an EV (including family) but chose otherwise. I wouldn't say it's stalled in my experience, but the stats are what they are.
Still know plenty of people that could have practically chosen an EV (including family) but chose otherwise. I wouldn't say it's stalled in my experience, but the stats are what they are.
Coxwain said:
Anyone buying a new or nearly new EV on finance needs their head looking at. With EV depreciation the way it's going, it's the ultimate definition of a liability and the total opposite of an asset. Spending several thousand each year to save a few hundreds in fuel. Bonkers logic!
While I understand you've just popped out from under the bridge for some light trolling, it's always worth nailing the nonsense about 'financing a depreciating asset'. The method of purchase, and the potential future value of the car, are totally unrelated.
740EVTORQUES said:
My new EV requires an additional £54k investment over the sale price of my BMW V8. Sure it saves me £5k a year in fuel and probably a fair bit more in servicing/ repairs, but like any new car if depreciates so I’m sure I would have been financially better off just keeping the old V8 going.
It SAVES you £5k a year!If I SPENT £5k a year on fuel I would have to do 35K miles a year in my 240 hp car.
If your BMW only did 20 mpg you would have to be doing 17000 miles a year to spend (not save) 5k a year. You have multiple cars right? How many miles do you drive a year and how many of them involve public charging away from home given your obviously immense mileage?
Your ludicrous exaggeration is fairly typical of the evangelists on here. You do include the 10-15% charging losses in your calculation don't you?
otolith said:
If you are overly concerned about the future value of an asset, don’t own it, pay a fixed fee you are happy with for the use of it.
Do you guys rent your TV's as well?I mean the arguments the sellers use are the same as those used for renting cars.......................
"If you’re unsure about leasing or concerned TV rental doesn’t offer value for money - think again! Renting a television can provide a wide range of benefits over an outright purchase, including:
Less stress – renting from a reputable company, takes the worry out of financing a brand-new TV.
Affordability – you can enjoy the latest technology without the hefty price tag thanks to our flexi-pay options to help spread the cost.
Flexibility – TV rental offers you the flexibility to keep up to date with all the most recent advances, allowing you to upgrade to a newer model at any time.
"Hankering after the latest tech? Desperate to upgrade your TV but don’t want it to be out of date before you’ve even ripped open the box?
There’s no denying technology moves quickly but there is an easy way to keep up - TV rental.
TV rental is designed to help make televisions more affordable, putting modern technology within reach of everyone - regardless of budget.
Rather than paying a large lump sum and owning the TV forever, rental allows you to make much smaller, more manageable payments for as long as you wish to keep the screen.
Technology is constantly evolving and one of the biggest concerns people have when it comes to buying a new TV is how quickly it will date. Renting eliminates this concern.
Free to upgrade to a newer model at any time, you’re not tied to any one TV. With the freedom to change at any time, you can be confident of keeping pace with the latest trends.
There’s no point in pretending TVs are cheap. They’re not. But they can be affordable.
By renting you avoid any eye-watering outlay and can instead opt for more manageable monthly or annual payments – putting you in complete control of your finances."
Sound familiar?
A good proportion of people did indeed used to rent their TV's, until it became wide knowledge that this was a hugely expensive way of having access to a TV. Many people still do rent though. I suppose you would support them?
740EVTORQUES said:
survivalist said:
KingGary said:
Put succinctly, all the people who wanted one and could afford it, now have one. Nobody else does.
Pretty fair assessment. Until prices (used or new) plummet or better products hit the market, anyway.
Tigger2050 said:
740EVTORQUES said:
My new EV requires an additional £54k investment over the sale price of my BMW V8. Sure it saves me £5k a year in fuel and probably a fair bit more in servicing/ repairs, but like any new car if depreciates so I’m sure I would have been financially better off just keeping the old V8 going.
It SAVES you £5k a year!If I SPENT £5k a year on fuel I would have to do 35K miles a year in my 240 hp car.
If your BMW only did 20 mpg you would have to be doing 17000 miles a year to spend (not save) 5k a year. You have multiple cars right? How many miles do you drive a year and how many of them involve public charging away from home given your obviously immense mileage?
Your ludicrous exaggeration is fairly typical of the evangelists on here. You do include the 10-15% charging losses in your calculation don't you?
It adds up pretty quickly
DT1975 said:
Spot on and when you speak to family and friends they're not the slightest bit interested. It's still a really niche thing (apart from this forum) but that could be my age.
That said my lad has an EV but he's an outlier as he always wanted one (it saves me the oil changes)
My street has 300 odd homes and none have any that I can see (upper middle class neighbourhood) The street above (company director land - Stepford Wives - no kids ) has a few but always has but no recent editions of note.
It appears to have come to a bit of a grinding halt. I'm interested mind !
A bloke at work has just bought a Volvo ec40 ev and most people have been asking him about it as they are curious about evs. I don’t think they’re niche at all any more. There’s more and more appearing on my estate. (normal working class houses) While on a dog walk the other day I counted ev/ice and it was at least 5% ev. I don’t have an ev by the way but I’m not against them. That said my lad has an EV but he's an outlier as he always wanted one (it saves me the oil changes)
My street has 300 odd homes and none have any that I can see (upper middle class neighbourhood) The street above (company director land - Stepford Wives - no kids ) has a few but always has but no recent editions of note.
It appears to have come to a bit of a grinding halt. I'm interested mind !
Tigger2050 said:
otolith said:
If you are overly concerned about the future value of an asset, don’t own it, pay a fixed fee you are happy with for the use of it.
Do you guys rent your TV's as well?I mean the arguments the sellers use are the same as those used for renting cars.......................
"If you’re unsure about leasing or concerned TV rental doesn’t offer value for money - think again! Renting a television can provide a wide range of benefits over an outright purchase, including:
Less stress – renting from a reputable company, takes the worry out of financing a brand-new TV.
Affordability – you can enjoy the latest technology without the hefty price tag thanks to our flexi-pay options to help spread the cost.
Flexibility – TV rental offers you the flexibility to keep up to date with all the most recent advances, allowing you to upgrade to a newer model at any time.
"Hankering after the latest tech? Desperate to upgrade your TV but don’t want it to be out of date before you’ve even ripped open the box?
There’s no denying technology moves quickly but there is an easy way to keep up - TV rental.
TV rental is designed to help make televisions more affordable, putting modern technology within reach of everyone - regardless of budget.
Rather than paying a large lump sum and owning the TV forever, rental allows you to make much smaller, more manageable payments for as long as you wish to keep the screen.
Technology is constantly evolving and one of the biggest concerns people have when it comes to buying a new TV is how quickly it will date. Renting eliminates this concern.
Free to upgrade to a newer model at any time, you’re not tied to any one TV. With the freedom to change at any time, you can be confident of keeping pace with the latest trends.
There’s no point in pretending TVs are cheap. They’re not. But they can be affordable.
By renting you avoid any eye-watering outlay and can instead opt for more manageable monthly or annual payments – putting you in complete control of your finances."
Sound familiar?
A good proportion of people did indeed used to rent their TV's, until it became wide knowledge that this was a hugely expensive way of having access to a TV. Many people still do rent though. I suppose you would support them?
kingston12 said:
Indeed. I've just picked up a new petrol car on a two year lease, just because the numbers didn't quite add up for me to get an EV instead. They weren't far away though, so I full expect this car's replacement to be an EV, but I'll be equally happy if it's petrol again next time and EV after that.
There must be quite a few people in similar situations.
This is exactly the point for most of us. I had an ev as a company car ( perk car)and the cost saving meant it was daft not to.There must be quite a few people in similar situations.
I changed role to a job with no car and so bought myself an older fun petrol.
Then got a lease deal recently on an ev which made sound financial sense, so back in. When this deal ends in 2 years I’ll review my options.
Zj2002 said:
Tigger2050 said:
otolith said:
If you are overly concerned about the future value of an asset, don’t own it, pay a fixed fee you are happy with for the use of it.
Do you guys rent your TV's as well?I mean the arguments the sellers use are the same as those used for renting cars.......................
"If you’re unsure about leasing or concerned TV rental doesn’t offer value for money - think again! Renting a television can provide a wide range of benefits over an outright purchase, including:
Less stress – renting from a reputable company, takes the worry out of financing a brand-new TV.
Affordability – you can enjoy the latest technology without the hefty price tag thanks to our flexi-pay options to help spread the cost.
Flexibility – TV rental offers you the flexibility to keep up to date with all the most recent advances, allowing you to upgrade to a newer model at any time.
"Hankering after the latest tech? Desperate to upgrade your TV but don’t want it to be out of date before you’ve even ripped open the box?
There’s no denying technology moves quickly but there is an easy way to keep up - TV rental.
TV rental is designed to help make televisions more affordable, putting modern technology within reach of everyone - regardless of budget.
Rather than paying a large lump sum and owning the TV forever, rental allows you to make much smaller, more manageable payments for as long as you wish to keep the screen.
Technology is constantly evolving and one of the biggest concerns people have when it comes to buying a new TV is how quickly it will date. Renting eliminates this concern.
Free to upgrade to a newer model at any time, you’re not tied to any one TV. With the freedom to change at any time, you can be confident of keeping pace with the latest trends.
There’s no point in pretending TVs are cheap. They’re not. But they can be affordable.
By renting you avoid any eye-watering outlay and can instead opt for more manageable monthly or annual payments – putting you in complete control of your finances."
Sound familiar?
A good proportion of people did indeed used to rent their TV's, until it became wide knowledge that this was a hugely expensive way of having access to a TV. Many people still do rent though. I suppose you would support them?
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