iPace-enomics

[samoht]

MarkM2 said:

Also wonder how many people buying second-hand EVs at the moment, I'd wager the majority of which were over £40k list price, haven't factored in the April 2025 luxury car tax being applicable to them. March 2020 first-registered cars will scrape through, but anything registered April 2020 onwards will be clobbered grrrrr...

https://www.gov.uk/government/publications/introdu...

The Government said:

The Expensive Car Supplement exemption for EVs is due to end in 2025. New zero emission cars registered on or after 1 April 2025 will be liable to pay the expensive car supplement where eligible (currently those with a list price of or exceeding £40,000 are liable).

I don't believe the luxury tax for years 2-6 will be applied to EVs first registered prior to April 2025, based on the above.

It is however perhaps noticeable that EVs registered prior to April 2017 will see their tax go up to £20/year, whereas those registered since will be £185 or whatever the post-17 'standard' rate is.

[taxboy]

MarkM2 said:

Similar - picking a 69-plate HSE up with 19k on next week, can't bloody wait if I'm honest, these are relative bargains right now. £1k down, 48 month 10kpa, monthlies just about start with a '4' ;-) That's from a £35.5k sticker price, with dealer discount & Jag finance deposit contribution; 2 years warranty and another wall charger thrown in (Mrs C might veto that as it won't look symmetrical )

Wouldn't entertain one if I didn't have a home charger on IO plus charging at work though...

Also wonder how many people buying second-hand EVs at the moment, I'd wager the majority of which were over £40k list price, haven't factored in the April 2025 luxury car tax being applicable to them. March 2020 first-registered cars will scrape through, but anything registered April 2020 onwards will be clobbered grrrrr...

Edited by MarkM2 on Wednesday 9th August 17:02

The government at some stage was going to have to start clawing back the loss of revenue from ICE vehicles. I guess the way to look at it over the cost of ownership if you buy now is it's less than if you buy an equivalent ICE car. I wonder if this might impact on future EV pricing from particularly the Chinese manufacturers (although the UK market with RHD might not be sufficiently large to have that greater impact). If it reduces the price of EVs generally that should be a good thing ?

[TheDeuce]

taxboy said:

MarkM2 said:

Similar - picking a 69-plate HSE up with 19k on next week, can't bloody wait if I'm honest, these are relative bargains right now. £1k down, 48 month 10kpa, monthlies just about start with a '4' ;-) That's from a £35.5k sticker price, with dealer discount & Jag finance deposit contribution; 2 years warranty and another wall charger thrown in (Mrs C might veto that as it won't look symmetrical )

Wouldn't entertain one if I didn't have a home charger on IO plus charging at work though...

Also wonder how many people buying second-hand EVs at the moment, I'd wager the majority of which were over £40k list price, haven't factored in the April 2025 luxury car tax being applicable to them. March 2020 first-registered cars will scrape through, but anything registered April 2020 onwards will be clobbered grrrrr...

Edited by MarkM2 on Wednesday 9th August 17:02

The government at some stage was going to have to start clawing back the loss of revenue from ICE vehicles. I guess the way to look at it over the cost of ownership if you buy now is it's less than if you buy an equivalent ICE car. I wonder if this might impact on future EV pricing from particularly the Chinese manufacturers (although the UK market with RHD might not be sufficiently large to have that greater impact). If it reduces the price of EVs generally that should be a good thing ?

Given we're discussing a 400hp SUV with insane torque levels, the closest ICE equivalent would I guess be an F pace SVR, a 5.0 litre supercharged V8 petrol car..

Aren't they over £1000 a year now in tax alone?

The overall tax burden for EV, especially for new cars as company cars, is bound to stay lower than ICE - the treasury is balancing the tax between what the government wish to promote and that they wish to push people away from.

The only part of the 2025 tax rules I don't agree with is that any EV over £40k P11D value is classed as an 'expensive car'. But there's very few that aren't in that bracket. If the majority of any commodity is above £40k retail value then 40k isn't ''expensive", it's at best typical.

[MarkM2]

samoht said:

MarkM2 said:

Also wonder how many people buying second-hand EVs at the moment, I'd wager the majority of which were over £40k list price, haven't factored in the April 2025 luxury car tax being applicable to them. March 2020 first-registered cars will scrape through, but anything registered April 2020 onwards will be clobbered grrrrr...

https://www.gov.uk/government/publications/introdu...

The Government said:

The Expensive Car Supplement exemption for EVs is due to end in 2025. New zero emission cars registered on or after 1 April 2025 will be liable to pay the expensive car supplement where eligible (currently those with a list price of or exceeding £40,000 are liable).

I don't believe the luxury tax for years 2-6 will be applied to EVs first registered prior to April 2025, based on the above.

It is however perhaps noticeable that EVs registered prior to April 2017 will see their tax go up to £20/year, whereas those registered since will be £185 or whatever the post-17 'standard' rate is.

That’ll teach me to read the Govts own spiel and not some shonky EV electro-rag 😝👀👍

Anyway, I think they’ll have to reassess this luxury car bracket by then as the way things are going every single car will fall foul of it. Even the wife’s dinky 500e was 27k and that was two years ago lol…

[SpunkyGlory]

Still Mulling said:

SG, where was this from, please? I'm considering re-leases (Arval do such a scheme, I believe), but that looks like a used PCP?

I found the car on Jaguar's approved used site, took their finance to get the FDA, and then refinanced with Oracle.

[TheDeuce]

SpunkyGlory said:

Still Mulling said:

SG, where was this from, please? I'm considering re-leases (Arval do such a scheme, I believe), but that looks like a used PCP?

I found the car on Jaguar's approved used site, took their finance to get the FDA, and then refinanced with Oracle.

Nicely done

[taxboy]

SpunkyGlory said:

I found the car on Jaguar's approved used site, took their finance to get the FDA, and then refinanced with Oracle.

Presumably I could do the same if I went the HP route and cancelled within 14 days and paid the finance in full or is there a clause that prevents this ?

[SpunkyGlory]

taxboy said:

Presumably I could do the same if I went the HP route and cancelled within 14 days and paid the finance in full or is there a clause that prevents this ?

I believe you could do the same, there is nothing in my PCP Ts&Cs prohibiting it.

[MarkM2]

SpunkyGlory said:

I believe you could do the same, there is nothing in my PCP Ts&Cs prohibiting it.

Oracle are great at sorting this out! Although the dealer can get a bit pissy later down the line, I believe they can't prohibit it with the Right To Withdraw in the CCA. (https://www.legislation.gov.uk/ukpga/1974/39/section/66A)

[Still Mulling]

SpunkyGlory said:

Still Mulling said:

SG, where was this from, please? I'm considering re-leases (Arval do such a scheme, I believe), but that looks like a used PCP?

I found the car on Jaguar's approved used site, took their finance to get the FDA, and then refinanced with Oracle.

Nice, thank you.

[SpunkyGlory]

Successfully picked up the IPACE on Weds, and I can see this becoming the best car I've owned.

Very quick, all the toys I need, extremely comfortable and is overall a very nice way to travel. I have zero regrets about choosing this over an MG ZS EV .

[Random Account No6]

SpunkyGlory said:

All being well, I'm collecting our new (to us) IPACE this afternoon.

We've just sold our Infiniti FX, which was a great car, but wanted to move to an EV. My fiance originally wanted an electric 500, then liked the look of the MG ZS EV in the dealership. That wasn't happening on my watch, so had a look online and realised an IPACE is incredible value for money on the used market

The car is an HSE on a 69 plate with 30k miles. It's approved used so comes with a 2 year warranty and a free charging box. It doesn't have the air suspension, which I would have liked, but overall I'm excited for our first foray into EV ownership.

I can only see a 1 year warranty and no mention of car charger when looking on the Jag site at Approved Used. Am I missing something?

Just started considering one

[jamesbilluk]

Random Account No6 said:

I can only see a 1 year warranty and no mention of car charger when looking on the Jag site at Approved Used. Am I missing something?

Just started considering one

Some info about it here

https://www.jaguar.co.uk/approved-used/approved-i-...

[Random Account No6]

Cheers!

[bad company]

I liked the look of this until I realised that it has the 22” wheel. That’ll reduce the range which isn’t great to start with.

https://www.pistonheads.com/buy/listing/15454397

[dmsims]

bad company said:

I liked the look of this until I realised that it has the 22” wheel. That’ll reduce the range which isn’t great to start with.

https://www.pistonheads.com/buy/listing/15454397

Since this thread has economics in the tilte:

https://www.autotrader.co.uk/car-details/202304106...

+ 20" wheels!

[bad company]

dmsims said:

Since this thread has economics in the tilte:

https://www.autotrader.co.uk/car-details/202304106...

+ 20" wheels!

2nd hand. The Grange car is new.

[dmsims]

bad company said:

2nd hand. The Grange car is new.

But you will be the second owner

[TheDeuce]

bad company said:

I liked the look of this until I realised that it has the 22” wheel. That’ll reduce the range which isn’t great to start with.

https://www.pistonheads.com/buy/listing/15454397

That's a great spec! I had the 22" wheels and they looked great - the ipace is a surprisingly large car and needs the big wheels to look it's best imo.

As for range, 200-230 for me, depending on temp - and to a lesser extent driving style.

[holyramenemperor]

bad company said:

2nd hand. The Grange car is new.

As someone above mentioned it's pre-reg so the only difference is £24k more for 10k miles less. Depreciation on these from new is crazy