Hybrid prices v ice

[Saf89]

I've had a px valuation for my current car a3 plugin which has been great as I only do trips of less than 5 mile Mon - Fri and longer trips on weekend of say 60 mile. Its averaging 70mpg over 6k miles I've owned it.

I'm shocked it's lost £7k in the past year, I know you always loose on cars but it's a low mileage 23 plate. In fact looking prices of A3s they all seem to be low for what you can get.

I want to change for an x3 bigger family ..

I was considering another plugin hybrid the 30e .. the ev range of both around 25 miles but I'm being put of by the depreciation of hybrid plugin cars!

Is this an A3 thing specifically and the X3 wouldn't loose as much even in hybrid?

I'm tempted to go with a diesel x3 2.0d which is what I've always had in past golf gtd was the best, i lookdd after the dpf by taking it for a spin regular or when I heard the fans come on, and changed oil every 6k. It averaged 42mpg .

Question is shall I go back to a diesel hoping they will keep their value a bit better when I come to sell or take the hit on another hybrid and save some pennies per month

Edited by Saf89 on Wednesday 30th April 18:01

[scenario8]

I doubt I’ll be of much help to you but reading your post I’m mildly interested in quite what level of depreciation you expect from a nearly new, run of the mill but fairly expensive (use your own adjectives to suit) car.

I would expect something around £500/month as a minimum for any variety of Audi A3/Golf/circa £40 grand when new car for the first several years. Very possibly more.

I’m sure others will be along to tell you their thoughts on the predicted residuals of different drive trains. Personally I’d expect all to suffer fairly hefty depreciation.

[BenS94]

PHEV seem to take a bigger hit than standalone ICE as business lease on them in recent years was incredibly good value, now they're of an age where they're due to be replaced, they're flooding the second hand market, often seemingly very cheap, so I can only assume these older cars are pulling the value of newer ones down quickly, too.

[Wills2]

If you've only had it a year then as you've found out changing your car every year is an expensive process as you crystalize the dealers margin and the standard depreciation over a short period of time.

[paul_c123]

All cars are similar shape curve.

[Pica-Pica]

I can understand the point of EVs and ICEs, and some hybrids make sense. However, I have never understood the attraction or point of Plug-in Hybrids.

[Saf89]

I do 6 mile a day commuting and dropping kids off over the week I charge the car 3 times which costs £ about £1 so £3 for my weekly commute.
So tbf it works for me

[plfrench]

Saf89 said:

I do 6 mile a day commuting and dropping kids off over the week I charge the car 3 times which costs £ about £1 so £3 for my weekly commute.
So tbf it works for me

Vs about 90p tops for an EV. What about an iX3? Assuming you’re looking at 24 plate as don’t want to go older than the A3, then they seem to be about £5k cheaper than a 20d. Would be far more refined, far, far quicker and significantly cheaper to run seeing as you can charge at home.

[PBCD]

Saf89 said:

I do 6 mile a day commuting and dropping kids off over the week I charge the car 3 times which costs £ about £1 so £3 for my weekly commute.
So tbf it works for me

But with such low mileage, why do you need a car with an engine at all?

[Jamescrs]

It’ must be a very narrow field of buyers that would want a plug in hybrid A3 as a used car, makes sense for business/ company cars for tax benefits but for a private buyer in most cases it would make more sense to buy either a small engine capacity ICE car or a full EV if they choose that route.
A plugin hybrid A3 seems the worst of both sides in most cases

[wyson]

I was reading an article that the market prices in the cost of a new battery over 8 years, so the depreciation will be a bit higher than a pure petrol model.

If you can find out the price of a replacement PHEV battery for your A3, you are likely to have the answer.

Bet its 5k or 6k for a new pack.

Edited by wyson on Thursday 1st May 10:08

[SWoll]

Jamescrs said:

It’ must be a very narrow field of buyers that would want a plug in hybrid A3 as a used car, makes sense for business/ company cars for tax benefits but for a private buyer in most cases it would make more sense to buy either a small engine capacity ICE car or a full EV if they choose that route.
A plugin hybrid A3 seems the worst of both sides in most cases

This. All of the worst points of both technologies and in the OPs use case no benefit to the range offered by the ICE.

Just buy a 3 year old iX3 as mentioned above and enjoy the savings on fuel and maintenance. Ridiculous VFM compared to ICE models.

[Saf89]

PBCD said:

Saf89 said:

I do 6 mile a day commuting and dropping kids off over the week I charge the car 3 times which costs £ about £1 so £3 for my weekly commute.
So tbf it works for me

But with such low mileage, why do you need a car with an engine at all?

That's just Mon to Fri commute on weekends and holidays obviously go much further

[Saf89]

Ix3 is a consideration but if I kept the car 3 years I dread to think what the value would be. Agree though they will save a lot of fuel looking at the prices of them there falling fast

[Master Bean]

Saf89 said:

Ix3 is a consideration but if I kept the car 3 years I dread to think what the value would be. Agree though they will save a lot of fuel looking at the prices of them there falling fast

Keep the car 8 years. Much better.

[plfrench]

Saf89 said:

Ix3 is a consideration but if I kept the car 3 years I dread to think what the value would be. Agree though they will save a lot of fuel looking at the prices of them there falling fast

Just buy a low mileage 3 year old one for £27k or so and how far wrong can it go?

Perhaps give one a drive if you've not already - it may well completely put you off the 20d idea.

[Andy86GT]

Pica-Pica said:

I can understand the point of EVs and ICEs, and some hybrids make sense. However, I have never understood the attraction or point of Plug-in Hybrids.

They appeal to me as BIK is low (not as low as pure EV), I commute 100% on electric in urban conditions, charge at work and then first 40 odd miles of any longer journey is EV.
But if I go further, a true 400+mile range.

[mikeiow]

paul_c123 said:

All cars are similar shape curve.

Indeed….we bought a 4 month old EV, lovely car, but about 30% off the list price!

[Saf89]

So decided to go with the x3 30e just makes sense for us most longest trips wpuld be at weekends say 60 mile altogether so can be done in hybrid. With the weekly commute done all on ev.

Looks at px valuation prices are around £2k less atm V a diesel.
So I've planned to use the money I'd save in diesel and set up a direct debit to my spare account each month of say £70 and save this to go with the hit I'll take on depreciation when I come to sell in say 3 or 4 years time rather than use it on a diesel car.
Least then it will make up for the lesser value and can go towards a newer car, that's the plan anyway saves the worry and need for dof regens ..