Good value EV outside of any scheme or discount?

[Adman1020]

We have a Cupra Born through a work lease, so through salary sacrifice I save a chunk. However I'm going to soon be leaving that job and so will be handing back the car. My new job doesn't have an EV scheme.

Is there any way to get an EV outside of a work scheme where the TCO of a new car over 3-5 years is better than an ICE?

For comparison, the Cupra EV is about £350 a month, Vs £200 a month we used to pay for a leased Leon ICE. The savings in fuel made it a bit better over the long term. However, outside of a salary sacrifice the Cupra is more like £600 a month, at which point it makes no sense.

I'd like another EV, but I am struggling to find any that aren't way more expansive than an ICE equivalent.

[Mark V GTD]

I very much doubt you will. Insurance will generally be more costly too. There are some good lease deals coming up now on ICE cars so that may be a solution. There is a long thread running with the latest offers.

[bennno]

Buy a 50% depreciated nearly new Corsa e or Zoe.

[SWoll]

Vauxhall dealers are selling the Corsa-E at £10k+ discount off list as a new model is due shortly.



Cheapest new ICE version is £15k+ and a model with comparable performance and spec is closer to £17k.

Edited by SWoll on Sunday 19th November 07:25

[osterbo]

It depends how much money you have to put in and how much risk you're prepared to take. The second hand EV market is yet to settle down.

I don't think that the more recent generation of cars like EV6, Born, Enyaq, etc are a good deal second hand yet. Look at Tesla 3s though: plenty at the £20-25k point.

[James6112]

The Cupra are on 0% interest at the moment
Still £450 odd with a 4k deposit though

[bennno]

James6112 said:

The Cupra are on 0% interest at the moment
Still £450 odd with a 4k deposit though

word of warning is that the born is almost impossible to resell, Seat dealers wont bid on it.

leasing isnt a bad option, a depreciated car on a pcp at least limits you to 50% of the cost of it etc etc

[autumnsum]

I think a second hand long range model 3 is an absolute bargain if you can get one for just over £21k.

[Adman1020]

Just to be clear, I have absolutely zero interest in buying an EV. There are many reasons and uncertainties around that, plus buying a comparable ICE is cheaper.

I'm specifically after a brand new, warrantied, leased or PCPed car that I hand back after 3-5 years.

[SWoll]

bennno said:

word of warning is that the born is almost impossible to resell, Seat dealers wont bid on it.

leasing isnt a bad option, a depreciated car on a pcp at least limits you to 50% of the cost of it etc etc

Today they won't. In 3-5 years who knows?

I personally think the Born and ID3 offer some of the worst value in the EV space when new. Running an ID3 at the minute for a few months and the idea that it would cost £35-40k new is laughable. A Model 3 RWD at similar price (<£40k) is a far superior vehicle in every way.

[Adman1020]

SWoll said:

Today they won't. In 3-5 years who knows?

I personally think the Born and ID3 offer some of the worst value in the EV space when new. Running an ID3 at the minute for a few months and the idea that it would cost £35-40k new is laughable. A Model 3 RWD at similar price (<£40k) is a far superior vehicle in every way.

I really like the Born (other than the terrible touch screen), but I like it because it's about £300 a month. At £600 a month, which is what it is without being on salary sacrifice it's laughably expensive.

But then a lot of EVs are. I can't believe people think paying £30k for a Corsa is ok!

[bennno]

SWoll said:

Today they won't. In 3-5 years who knows?

I personally think the Born and ID3 offer some of the worst value in the EV space when new. Running an ID3 at the minute for a few months and the idea that it would cost £35-40k new is laughable. A Model 3 RWD at similar price (<£40k) is a far superior vehicle in every way.

Teslas have the build quality and panache of a wheely bin, I think a lightly used 500E or Corsa E at 15-18k is the way to go. Basically ignore anything sub 50kwh battery that wont charge at 100Kw or beyond.

EV world moving on so fast, we charged first time every time with an Ionic 5 on a very long run yesterday including 3 stops to recharge, various Audi's, iPace, ID3's unable to use same chargers etc etc

[Mammasaid]

The Citroen E-C4 is cheaper to lease than the regular petrol;

E-C4 - https://www.leaseloco.com/car-leasing/citroen/e-c4...

1.2 Petrol C4 - https://www.leaseloco.com/car-leasing/citroen/c4/1...

[Sheepshanks]

Adman1020 said:

I really like the Born (other than the terrible touch screen), but I like it because it's about £300 a month. At £600 a month, which is what it is without being on salary sacrifice it's laughably expensive.

Was in a Skoda dealer the other day and sales manager said they’re moving loads of Enyaqs on Motability- think he said the allowance is £75/wk and that fully covers Enyaq, inc insurance, maint and 15K/yr. £1000 up front, but then the charger is free.

I don’t think there’s any VAT with Motability, but even ignoring that it still seems financially amazing.

[Adman1020]

Mammasaid said:

The Citroen E-C4 is cheaper to lease than the regular petrol;

E-C4 - https://www.leaseloco.com/car-leasing/citroen/e-c4...

1.2 Petrol C4 - https://www.leaseloco.com/car-leasing/citroen/c4/1...

That's bizarrely cheap. What's the catch?

[HTP99]

Sheepshanks said:

Adman1020 said:

I really like the Born (other than the terrible touch screen), but I like it because it's about £300 a month. At £600 a month, which is what it is without being on salary sacrifice it's laughably expensive.

Was in a Skoda dealer the other day and sales manager said they’re moving loads of Enyaqs on Motability- think he said the allowance is £75/wk and that fully covers Enyaq, inc insurance, maint and 15K/yr. £1000 up front, but then the charger is free.

I don’t think there’s any VAT with Motability, but even ignoring that it still seems financially amazing.

We are doing loads Of Megane E-Tech on Motability, the advance payment for the mid spec Iconic + is only £495, plus a free charger or subsidised public charging.

[samoht]

Adman1020 said:

Mammasaid said:

The Citroen E-C4 is cheaper to lease than the regular petrol;

E-C4 - https://www.leaseloco.com/car-leasing/citroen/e-c4...

1.2 Petrol C4 - https://www.leaseloco.com/car-leasing/citroen/c4/1...

That's bizarrely cheap. What's the catch?

I've actually seen them cheaper still I think, albeit with a bit more up front https://www.autoexpress.co.uk/citroen/c4/361535/de...

The catch is the range, they quote 217 miles or so but that's at 30mph, at a constant 70 it's like 120-140 miles perhaps. I got one a week ago, so far I think the range estimator on the Citroen website is accurate or slightly pessimistic, but it's a good basis to make a purchasing decision on
https://www.citroen.co.uk/electric-for-all/range-o...
They do at least charge at ~100kW so potentially you only need to stop for 20 minutes or so.

Otherwise I think it's great. They're very quiet and very comfortable, great seats, 60 profile tyres and soft springs just laugh at our third-world road surfaces, spacious, good real-world performance up to about 60mph, radar cruise is great. To me the whole car has a sense of happiness about it somehow.

So yeah, if you can live with the range then I highly recommend them, but don't lock yourself into a lease unless you're happy with that limitation.

[akadk]

Audi Approve e-tron. 26k miles.

[Sheepshanks]

HTP99 said:

We are doing loads Of Megane E-Tech on Motability, the advance payment for the mid spec Iconic + is only £495, plus a free charger or subsidised public charging.

Actually, I didn’t reply to the correct post - my point was supposed to be that surely this is going to dump loads of used EVs into a market that doesn’t really want them?

[Adman1020]

Sheepshanks said:

Actually, I didn’t reply to the correct post - my point was supposed to be that surely this is going to dump loads of used EVs into a market that doesn’t really want them?

This is a valid point.

That said, someone is going to get a 6 month old Cupra Born at an absolute steal. I assume the lease company will just shove it through a BCA auction when they collect it?