EVEZY Discussion thread

[manracer]

Just noticed my model 3 SR+ has got the satellite view Google maps and traffic visualisation overnight, presume part of the latest update, and presume it's to enable to the cut off the premium connectivity after 30 days or something? Had it free (minus sat view and traffic) for a few months?

[TeaNoSugar]

Has anyone else noticed the price increase on the Model 3 SR+ at Evezy? I had an email to say that anyone already on the waiting list already will have their order honoured at the old price, but it’s now £799/month.

[Durzel]

TeaNoSugar said:

Has anyone else noticed the price increase on the Model 3 SR+ at Evezy? I had an email to say that anyone already on the waiting list already will have their order honoured at the old price, but it’s now £799/month.

Email went around today to subscribers saying prices are going up, but existing subscribers would have their existing price honoured.

LR and Performance have gone up to £999!

[TeaNoSugar]

Durzel said:

Email went around today to subscribers saying prices are going up, but existing subscribers would have their existing price honoured.

LR and Performance have gone up to £999!

Yeah I’m glad I put my name on the list at the end of November. £600/month is a pretty good deal for what you get. At £800/month it starts to look quite expensive.

[manracer]

That's news to me around the price increases.

Now i have a decision to make - i already have an Evezy SR+ and I am on the wait list for a performance at £799, originally the performance was due to arrive in December, now February.

Stick with the SR+ at £599 or swap to the performance at £799 based on already being on the wait list.

[SWoll]

TeaNoSugar said:

Durzel said:

Email went around today to subscribers saying prices are going up, but existing subscribers would have their existing price honoured.

LR and Performance have gone up to £999!

Yeah I’m glad I put my name on the list at the end of November. £600/month is a pretty good deal for what you get. At £800/month it starts to look quite expensive.

You can't get a 2 year, 10k miles per year PCH on an SR+ for <£600 a month now so I'd say a zero commitment, 12k mile per year deal with insurance, maintenance and public charging included for £599 was better than 'pretty good'?

I've never understood how they do it for the amount they charge, seems they've finally realised the same. Looks like I'll be keeping my £799 a month M3P for as long as possible.

[jjwilde]

They can't meet the demand so they might as well just keep putting the price up until they can.

[Durzel]

SWoll said:

TeaNoSugar said:

Durzel said:

Email went around today to subscribers saying prices are going up, but existing subscribers would have their existing price honoured.

LR and Performance have gone up to £999!

Yeah I’m glad I put my name on the list at the end of November. £600/month is a pretty good deal for what you get. At £800/month it starts to look quite expensive.

You can't get a 2 year, 10k miles per year PCH on an SR+ for <£600 a month now so I'd say a zero commitment, 12k mile per year deal with insurance, maintenance and public charging included for £599 was better than 'pretty good'?

I've never understood how they do it for the amount they charge, seems they've finally realised the same. Looks like I'll be keeping my £799 a month M3P for as long as possible.

I'm not so sure that's accurate...



Granted you still have the initial 9 month payment, so the effectively monthly cost is £694.58, but still.

Every lease quote I've had the TCO has pretty much gone up around £5-6k since August 2019. If the £3,500 EV grant ends up ending in March, as is being prophesised, then this figure will be even more bonkers.

Whoever leased in Q3 2019 has probably made a killing. The numbers I got back then were better than what I could conceive the depreciation would've been on buying the car outright, to the point where I couldn't figure out where they'd be making profit. Now it seems the GFV has been re-evaluated downwards, and coupled with Tesla jacking the price in October the car is now not a particularly great proposition to lease or buy imo.

I could either buy it outright and gamble that it's not worth less than 50% of the value in 2 years - and who knows if 100kWh/Ludicrous comes out in that time, or lease and pay a kings ransom per month for the privilege. I really can't see that buying the car outright is a sane move with EV tech moving so quickly.

Gutted that I missed the boat

I think the £599 / £799 Evezy deal represents great value now, and I'm not in the least bit surprised they've gone up so much if Evezy's lease agreements have gone up the same as everyone elses has.

[TeaNoSugar]

Durzel said:

SWoll said:

TeaNoSugar said:

Durzel said:

Email went around today to subscribers saying prices are going up, but existing subscribers would have their existing price honoured.

LR and Performance have gone up to £999!

Yeah I’m glad I put my name on the list at the end of November. £600/month is a pretty good deal for what you get. At £800/month it starts to look quite expensive.

You can't get a 2 year, 10k miles per year PCH on an SR+ for <£600 a month now so I'd say a zero commitment, 12k mile per year deal with insurance, maintenance and public charging included for £599 was better than 'pretty good'?

I've never understood how they do it for the amount they charge, seems they've finally realised the same. Looks like I'll be keeping my £799 a month M3P for as long as possible.

I'm not so sure that's accurate...



Granted you still have the initial 9 month payment, so the effectively monthly cost is £694.58, but still.

Every lease quote I've had the TCO has pretty much gone up around £5-6k since August 2019. If the £3,500 EV grant ends up ending in March, as is being prophesised, then this figure will be even more bonkers.

Whoever leased in Q3 2019 has probably made a killing. The numbers I got back then were better than what I could conceive the depreciation would've been on buying the car outright, to the point where I couldn't figure out where they'd be making profit. Now it seems the GFV has been re-evaluated downwards, and coupled with Tesla jacking the price in October the car is now not a particularly great proposition to lease or buy imo.

I could either buy it outright and gamble that it's not worth less than 50% of the value in 2 years - and who knows if 100kWh/Ludicrous comes out in that time, or lease and pay a kings ransom per month for the privilege. I really can't see that buying the car outright is a sane move with EV tech moving so quickly.

Gutted that I missed the boat

I think the £599 / £799 Evezy deal represents great value now, and I'm not in the least bit surprised they've gone up so much if Evezy's lease agreements have gone up the same as everyone elses has.

Yeah it is better than “pretty good”. I liked it before the price rises, but if these new price increases are similar across other firms and other buying/leasing options then this £600 “lock-in” is a great deal. I suppose I didn’t want to come across as smug, in case something goes wrong and the cheap deal I’m waiting on never materialises. I should add that there’s no particular reason it won’t happen, I’m just a born pessimist (I blame the Irish catholic upbringing )

[SWoll]

Durzel said:

I'm not so sure that's accurate...

Granted you still have the initial 9 month payment, so the effectively monthly cost is £694.58, but still.

But still? As you point out you can't just ignore the massive upfront payment so £695 a month.

Leaseplan has much better deals than that but once you add in the upfront you're still looking at £629 a month. https://direct.leaseplan.co.uk/tesla-model-3-saloo...

Obviously very happy to have an M3P secured for £799 for as long as I keep it but honestly think that even at £999 it makes a decent proposition. Take a look at how much an RS5, C63S, Alfa QF is on a 2 year PCH, easily £1200+ before fuel, insurance, maintenance and all slower, less well equipped and less practical.

Edited by SWoll on Tuesday 7th January 14:40

[squirdan]

this thread caused me to check what i signed up to end August 19 via Leaseplan (via drive electric). It was £575 a month plus 6 months upfront, 24 month contract. £695/mth all in then, for a M3P-

Leaseplan now showing £774 a month all in over 24 months, but to be fair that's the full fat Performance which logically you'd may a bit more for the bigger wheels, red brakes etc

Edited by squirdan on Tuesday 7th January 15:48

[hyphen]

Durzel said:

TeaNoSugar said:

Has anyone else noticed the price increase on the Model 3 SR+ at Evezy? I had an email to say that anyone already on the waiting list already will have their order honoured at the old price, but it’s now £799/month.

Email went around today to subscribers saying prices are going up, but existing subscribers would have their existing price honoured.

LR and Performance have gone up to £999!

Indefinitely honoured? Surprising but good for loyalty.

[untruth]

They have painted themselves into a reputation corner; it's a monthly rolling subscription so it's within their rights to change it the next month if they want... but they've sent a mail saying we're honouring your existing costs, so they'd have a fight if they tried to apply it in 6 months, say. I'd imagine the next price rise in a year might not be so generous... or they are just hoping people fall off the back and churn with boredom/no longer needed/other options/etc by then.

Every time someone quotes the lease stuff, they do seem to miss out the TCO of a lease (include the upfront!!), which is invariably more than Evezy, as well as that all-important-insurance which needs to be comprehensive on a lease (aka not cheap), and mileage restrictions. It's still competitive, just not as much.

Also, if someone offered you a lease with a get-out-early cost, what would that be worth to you? That's what Evezy effectively offers...

[SWoll]

The big question for me in all this is are subscribers going to be willing to pay £999 a month for a used car?

Mine was brand new when I got it as very early on the list but if I was to decide to change in 6 months time is someone really going to hand over £1k a month for a used car with 7.5k under its wheels as a very different proposition I would have thought? Not sure when Evezy intend to dispose of vehicles but I would assume 2-3 years?

Not convinced but I suppose we'll just have to wait and see.

[Durzel]

squirdan said:

this thread caused me to check what i signed up to end August 19 via Leaseplan (via drive electric). It was £575 a month plus 6 months upfront, 24 month contract. £695/mth all in then, for a M3P-

Leaseplan now showing £774 a month all in over 24 months, but to be fair that's the full fat Performance which logically you'd may a bit more for the bigger wheels, red brakes etc

Edited by squirdan on Tuesday 7th January 15:48

I actually got a reasonably decent quote from Leaseplan today that I'm mulling over. Plugged it into my spreadsheet and it's basically £4,300 more than the best quote I got back in August 2019. Painful, but Tesla's prices went up £2k (I think? maybe more on the top end model) so not horrific.

Unrelated but the quote I got from Leaseplan says that they deliver the car to your home address? Is that correct? Is that what happened with you squirdan? If so, weren't you worried about any issues on the car re: paintwork, panel gaps etc?

[Durzel]

untruth said:

They have painted themselves into a reputation corner; it's a monthly rolling subscription so it's within their rights to change it the next month if they want... but they've sent a mail saying we're honouring your existing costs, so they'd have a fight if they tried to apply it in 6 months, say. I'd imagine the next price rise in a year might not be so generous... or they are just hoping people fall off the back and churn with boredom/no longer needed/other options/etc by then.

Every time someone quotes the lease stuff, they do seem to miss out the TCO of a lease (include the upfront!!), which is invariably more than Evezy, as well as that all-important-insurance which needs to be comprehensive on a lease (aka not cheap), and mileage restrictions. It's still competitive, just not as much.

Also, if someone offered you a lease with a get-out-early cost, what would that be worth to you? That's what Evezy effectively offers...

Yup, Evezy is cracking. I'm very happy with the i3 I've got from them and will be sad to see it go. When I looked at BMW's HP and PCP prices they weren't even in the same ballpark, and they probably aren't great now. Evezy's margins must be razor thin.

Intuitively £999 for the LR/P sounds like a hell of a lot of money, but as you say the effective monthly cost for a lease now for a P+ is close to that and that's before you consider - as you point out - the insurance. Those Michelin P4S tyres won't be cheap either. I suspect all told Evezy will still be cheaper than PCH, and at £599/£799 it's a cracking deal.

Will be interesting to see where they are in 2+ years time though. We're very privileged to have got in early. I had to wait 3 (?) weeks for my i3, whereas everyone waits now. Also, I got my i3 120Ah knowing that it was almost certain to be a new car - as it had only just come out at the start of 2019. I don't know how I'd feel paying the full £399 (now £469) for a car that has done a chunk of miles and is a bit dinged up. I've put 8k on the i3 since getting it, and it had 100 miles when I got it. Fortunately whoever gets it when I pass it back is going to get a very well looked after car

[simonh9]

I think the problem is, is that they set out to be a flexible month by month hire company where you could chop and change as required.

However, the prices were very good compared to longer term leasing and people mostly kept hold of what they managed to get, so EVEZY have full utilisation, but can't offer what they intended to in terms of flexibility. The new prices are still good considering the flexibility and suit a short term rental (allows customers to dip their toes in an EV), but aren't so competitive with a long term deal now.

They had such high demand and low supply (whether through financial constraints, desire to not overstretch themselves, or vehicle availablity) that it makes sense to put the prices up. They are still competitive for the short term flexible rental and can make more money this way. Of course, it's just disappointing for those who've come to view it as a longer term option!

Perhaps with time and funding , they could offer short term deals AND also longer term deals in line with current pricing (after all, the changeover cost must be significant for them, so has some value)

[SWoll]

Durzel said:

Yup, Evezy is cracking. I'm very happy with the i3 I've got from them and will be sad to see it go. When I looked at BMW's HP and PCP prices they weren't even in the same ballpark, and they probably aren't great now. Evezy's margins must be razor thin.

Intuitively £999 for the LR/P sounds like a hell of a lot of money, but as you say the effective monthly cost for a lease now for a P+ is close to that and that's before you consider - as you point out - the insurance. Those Michelin P4S tyres won't be cheap either. I suspect all told Evezy will still be cheaper than PCH, and at £599/£799 it's a cracking deal.

Will be interesting to see where they are in 2+ years time though. We're very privileged to have got in early. I had to wait 3 (?) weeks for my i3, whereas everyone waits now. Also, I got my i3 120Ah knowing that it was almost certain to be a new car - as it had only just come out at the start of 2019. I don't know how I'd feel paying the full £399 (now £469) for a car that has done a chunk of miles and is a bit dinged up. I've put 8k on the i3 since getting it, and it had 100 miles when I got it. Fortunately whoever gets it when I pass it back is going to get a very well looked after car

When we got our i3 back at the start of April I called on a Tuesday and collected the car the same Friday.

Didn't realise they'd put it up to £469, thought it was just the Tesla's that got a hike. Just have to keep them both for a good while yet.

[Durzel]

simonh9 said:

I think the problem is, is that they set out to be a flexible month by month hire company where you could chop and change as required.

However, the prices were very good compared to longer term leasing and people mostly kept hold of what they managed to get, so EVEZY have full utilisation, but can't offer what they intended to in terms of flexibility. The new prices are still good considering the flexibility and suit a short term rental (allows customers to dip their toes in an EV), but aren't so competitive with a long term deal now.

They had such high demand and low supply (whether through financial constraints, desire to not overstretch themselves, or vehicle availablity) that it makes sense to put the prices up. They are still competitive for the short term flexible rental and can make more money this way. Of course, it's just disappointing for those who've come to view it as a longer term option!

Perhaps with time and funding , they could offer short term deals AND also longer term deals in line with current pricing (after all, the changeover cost must be significant for them, so has some value)

Yup, you've hit the nail on the head.

I got my i3 thinking it would be a stop gap before getting a new car (and my first EV) but nothing has really come close in terms of value for money. I gave up looking for a competitive alternative several months ago. Only the Tesla has really turned my head.

Perversely, as you point out, their prices are too competitive for the sort of business they imagined they'd be doing. I'm paying £399 a month all in for a contract I can exit at any point I choose with no penalty. The intrinsic value of that in terms of peace of mind is unbeatable. On top of that I don't have to find the initial 9 or 12 month rental that you have to plonk down on a lease.

It's no wonder they're completely oversubscribed. There's no downside other than the mileage, but even that isn't that bad (1000-1250 miles a month really isn't that bad, and it's more than a traditional lease).

Edited by Durzel on Tuesday 7th January 17:14

[untruth]

Yes, the silver lining is I feel like my 400 quid/month 120 mile new i3 I have from them is a bargain!