EVs... no one wants them!

[Monkeylegend]

Battarat said:

Monkeylegend said:

And that's the crux of it.

How you finance it is up to the individual, some clearly more up their own asses than others

And an asset does not have to be financial, a car is an asset to each of us in as much we use them to get places and get enjoyment from.

Nope, a car is a liability. An asset is something that generates you income or whose value will increase. A liability is something that costs you money to own and maintain. A car - unless a high end investment grade vehicle, is firmly in the liability camp.

To you a liability, to me and many others, an object of pleasure.

On that basis you presumably see you wife ,if you have one , and assuming you are male, as a liability.

It must affect your life in a very negative way to view anything that costs money as a liability.

[SWoll]

KingGary said:

You’ve taken what I said completely out of context. I was simply stating that living champagne tastes on lemonade money (£70k BMW vs the “shame” of driving a Mondeo) is for mugs in my opinion.

But as far as I can tell you're just making assumptions about people's earnings and financial status without any basis for doing so?

We "rented" a Model 3 P for 2 years back in 2019 for £799 a month inclusive of insurance and charging. What % of our monthly household income do you think that represented?

[FiF]

SWoll said:

KingGary said:

I’m sure that works for you, but for some of us realise renting is a mug’s game. Personally, I’d rather own the Mondeo and keep the cash. Nothing wrong with a Ford.

You're paying for the use of your car however you finance it. What your priorities are, the cars you like and what your budget is will differ from person to person.

There is no right or wrong answer here, so why bother arguing about it.

Exactly, it's always the same on here not just thus subject. Made up figures but illustrative. Assume classic 80/20% split. The 20% comprises 2x10% 'reach around' factions at each end of the spectrum of opinion who produce a lot of noise. The 80% comprises a lot of people somewhere in the middle trying to figure out where they fit in the picture dependant upon their particular circumstances and needs.

What irritates are the selective often condescending arguments, from milk floats at one end to "I save £X compared to petrol, capital costs seemingly just waved aside, then at some point it becomes clear they've also got solar PV and a storage battery bla bla bla." That's before we get to the one liner smart arse attempts at put downs.

Completely disingenuous, though amongst the 80% there are quite a few genuinely trying to be helpful.

[Zj2002]

KingGary said:

Zj2002 said:

What if my lease costs are paid from investment dividends?

Would that make it acceptable to you?

Via salary sacrifice, with insurance, maintenance and very low running costs. There is no cheaper way to run my chosen car. A car I chose because I like it.

You’d still be richer if you owned the Mondeo you could actually afford.

Why the fascination with being richer?

I could also be richer if I lived with my parents, didn’t have kids, go on holiday etc etc etc

However I can afford a house, to raise kids, to go on holiday, to save 25% of my salary in a pension, have savings, ISAs for both my kids, and also lease a BMW.

I can also afford to buy a Mondeo outright - but I choose not to.

I don’t care what you do with your money but you are the one on here telling EV leasers they are mugs - I choose to disagree.

Edited by Zj2002 on Saturday 4th May 09:47

[KingGary]

SWoll said:

KingGary said:

You’ve taken what I said completely out of context. I was simply stating that living champagne tastes on lemonade money (£70k BMW vs the “shame” of driving a Mondeo) is for mugs in my opinion.

But as far as I can tell you're just making assumptions about people's earnings and financial status without any basis for doing so?

We "rented" a Model 3 P for 2 years back in 2019 for £799 a month inclusive of insurance and charging. What % of our monthly household income do you think that represented?

I can tell you’re dying to tell us. Besides, there’s no way you could persuade me that spending £799 per month on an electric pig is value for money.

[Zj2002]

KingGary said:

SWoll said:

KingGary said:

You’ve taken what I said completely out of context. I was simply stating that living champagne tastes on lemonade money (£70k BMW vs the “shame” of driving a Mondeo) is for mugs in my opinion.

But as far as I can tell you're just making assumptions about people's earnings and financial status without any basis for doing so?

We "rented" a Model 3 P for 2 years back in 2019 for £799 a month inclusive of insurance and charging. What % of our monthly household income do you think that represented?

I can tell you’re dying to tell us. Besides, there’s no way you could persuade me that spending £799 per month on an electric pig is value for money.

The point is he doesn’t need to persuade you.

To some, there is a value in driving something other than a shed Mondeo, the value in that has a cost. A cost they are happy to pay. The end.

[nickfrog]

Battarat said:

Nope, a car is a liability. An asset is something that generates you income or whose value will increase. A liability is something that costs you money to own and maintain. A car - unless a high end investment grade vehicle, is firmly in the liability camp.

For all your alleged success, you don't even understand what asset or liability means.

[D4rez]

Battarat said:

So people, pray tell, how long could you last without working for a salary but maintain the lifestyle you currently have? Be honest.

The Baird of the passive income movement

[John87]

Zj2002 said:

Why the fascination with being richer?

I could also be richer if I lived with my parents, didn’t have kids, go on holiday etc etc etc

However I can afford a house, to raise kids, to go on holiday, to save 25% of my salary in a pension, have savings, ISAs for both my kids, and also lease a BMW.

I can also afford to buy a Mondeo outright - but I choose not to.

I don’t care what you do with your money but you are the one on here telling EV leasers they are mugs - I choose to disagree.

Edited by Zj2002 on Saturday 4th May 09:47

I agree with this. What is the obsession with wanting to be rich, wanting to have loads of cash and classifying everything as an asset or a liability? It reminds me of the young "entrepreneurs" you see on social media who are all about "side hustles" and making as much as you can.

I have a salaried job, make enough to afford my mortgage, a couple of holidays each year, savings, pension and lease my car. What would be the enjoyment in missing out on nice things just to stick it in the bank for some unknown future date? You can't take any of it with you and since my dad died a year before he was due to retire, it makes me want to enjoy the present rather than saving for a retirement that may never come. Enjoying the present for me is partially fulfilled by owning a new, nice car rather than an old st box. Worth every penny for me and my £60k+ EV is actually cheaper per month than the 7 year old Qashqai it replaced last year.

For me, there is limited enjoyment in seeing a number on a bank statement but having enjoyable experiences and owning nice things is much more up my street. Each to their own though...

[tamore]

i'd suggest the uber-prudent attitudes (in some cases) are only applicable in a discussion about EVs. if you know what i mean.

[Tindersticks]

tamore said:

i'd suggest the uber-prudent attitudes (in some cases) are only applicable in a discussion about EVs. if you know what i mean.

Indeed. I’m not really sure why, on a forum where multiple car ownership is common and people talk of their ‘fleets’ we have a new user posing that question on an EV thread. It has nothing to do with EV’s.

[740EVTORQUES]

Stopping at a French motorway services (don’t need petrol yet but I do need a break, what’s that about cars with a 600 mile range…) there are banks of chargers with plenty free and. with speeds up to 300 kW and they have a digital sign displaying the prices just as you find for petrol.

The price is 0.57 euros per kWh, a lot cheaper than petrol Thats what we need in the UK, competitive pricing for public fast chargers .

Its simply not a problem as the infrastructure improves.

[tamore]

740EVTORQUES said:

Stopping at a French motorway services (don’t need petrol yet but I do need a break, what’s that about cars with a 600 mile range…) there are banks of chargers with plenty free and. with speeds up to 300 kW and they have a digital sign displaying the prices just as you find for petrol.

The price is 0.57 euros per kWh, a lot cheaper than petrol Thats what we need in the UK, competitive pricing for public fast chargers .

Its simply not a problem as the infrastructure improves.

hopefully sainsburys jumping in to the charging world will being competition. the ones charging 80p kWh are taking the piss.

[otolith]

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?

Do you worry about the resale value of your tv?

[SWoll]

KingGary said:

SWoll said:

KingGary said:

You’ve taken what I said completely out of context. I was simply stating that living champagne tastes on lemonade money (£70k BMW vs the “shame” of driving a Mondeo) is for mugs in my opinion.

But as far as I can tell you're just making assumptions about people's earnings and financial status without any basis for doing so?

We "rented" a Model 3 P for 2 years back in 2019 for £799 a month inclusive of insurance and charging. What % of our monthly household income do you think that represented?

I can tell you’re dying to tell us. Besides, there’s no way you could persuade me that spending £799 per month on an electric pig is value for money.

I really couldn't care less and never suggested it was value for money (although that is an utterly subjective term), it's you who appear to be the one obsessed with affordability and value, "living champagne lifestyles on lemonade money" etc..

I'd suggest looking past the end of your own nose and appreciating that other people have very different circumstances and priorities to your own and being judgmental of their choices, especially without any of the required information to reach your conclusions, make you look like a fool with a personal agenda.

[ChocolateFrog]

KingGary said:

You’d still be richer if you owned the Mondeo you could actually afford.

What an ignorant, bitter and condescending post.

[Tindersticks]

Imagine posting that owning a Mondeo is something special

[GT9]

otolith 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?

Do you worry about the resale value of your tv?

Fun fact: a regular size plasma screen or one of those council-spec 75 inch LEDs, permanently on, will consume more electricity than an EV doing 8000 miles a year.
Tigger will be doing loops now to prove that it's the EV chomping through all the fossil fuel and the TV that's wind-powered.
Assuming he hasn't gone off for another 3 week nap...

[survivalist]

GT9 said:

otolith 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?

Do you worry about the resale value of your tv?

Fun fact: a regular size plasma screen or one of those council-spec 75 inch LEDs, permanently on, will consume more electricity than an EV doing 8000 miles a year.
Tigger will be doing loops now to prove that it's the EV chomping through all the fossil fuel and the TV that's wind-powered.
Assuming he hasn't gone off for another 3 week nap...

Ahh, but what if you only watch it between midnight and 6am to take advantage of that cheap electricity.

After all, why would you want to do something as luxurious as watching TV when you want to, much better to do it when it’s cheap.

[GT9]

survivalist said:

After all, why would you want to do something as luxurious as watching TV when you want to, much better to do it when it’s cheap.

Not a problem, get yourself one of these and power the TV yourself.
https://www.tukasev.com/en/
Get fit and free up electricity for charging EVs.
Win-win.