New TVR still under wraps! (Vol. 3)
Discussion
Gazzab said:
Jordie Barretts sock said:
With regard to the deposits, weren't they 'safe' as they were held in a separate account/entity?
Or is that utter rubbish and if (when) they fold, the deposits go too?
His word is his bond. Money is safe whilst he can afford to repay. Surely there are only a handful of privately held deposits left. A few more dealer deposits - these aren’t refundable. Or is that utter rubbish and if (when) they fold, the deposits go too?
That would suggest that, if you are crazy enough to still have a deposit, you're an ordinary creditor and will get zilch if (when) this business folds.
SpeckledJim said:
You’d have to be mad, forgetful, or both, to still have a deposit in place.
What puzzles me is that if the company didn’t permit itself to use the deposits to fund operations relating to actually building the car people wanted to buy, what’s the point in asking for the deposits at all?
It would be interesting to hear the position of The TVR Club on the issue of deposits, since they endorsed the placing of deposits by offering a 50% discount. Was this in the interest of the members or the interest of the committee ? What puzzles me is that if the company didn’t permit itself to use the deposits to fund operations relating to actually building the car people wanted to buy, what’s the point in asking for the deposits at all?
unrepentant said:
Gazzab said:
Jordie Barretts sock said:
With regard to the deposits, weren't they 'safe' as they were held in a separate account/entity?
Or is that utter rubbish and if (when) they fold, the deposits go too?
His word is his bond. Money is safe whilst he can afford to repay. Surely there are only a handful of privately held deposits left. A few more dealer deposits - these aren’t refundable. Or is that utter rubbish and if (when) they fold, the deposits go too?
That would suggest that, if you are crazy enough to still have a deposit, you're an ordinary creditor and will get zilch if (when) this business folds.
Gazzab said:
They haven’t had a full order book for years.
Possibly not true.
Ony need one deposit paid order remaining, because production capacity has now been limited to one. -
It is a 'PRELE' model (get it?), built by Gordon Murray Automotive, who at that time was also a fledgling start-up sports car manuufacturer.
The only difference between the two firms, is that GMA had numerous prototypes undergoing testing around the world and are now ready for customer deliveries, from their own existing factory premises.
One of the firms had engineering expertise, was prepared to spend money prior to production commencing and had no need to keep dreaming up excuses.
Jon39 said:
The only difference between the two firms, is that GMA had numerous prototypes undergoing testing around the world and are now ready for customer deliveries, from their own existing factory premises.
One of the firms had engineering expertise, was prepared to spend money prior to production commencing and had no need to keep dreaming up excuses.
A key difference is that GMA were/are able to generate consultancy revenue to fund their own product development plans. Like from TVR ...One of the firms had engineering expertise, was prepared to spend money prior to production commencing and had no need to keep dreaming up excuses.
I have been amazed by the speed at which overpriced milk floats have gained in popularity in the UK.
It was started by the tax benefits for company hybrid car drivers back in about 2016, and the cheap cost of charging said cars at home.
The switch to full electric simply followed, as hybrids became less tax efficient and it was seen as good to be green.
Whether BEVs are actually green is a moot point.
I thought it wold stay as just a company car perk, but because 90%+ of all new cars bought privately in this country are bought on credit, the high price hasn't put off private "buyers" - only those, who like me, can see the cost of car "ownership" done this way.
The high cost of charging them away from home in recent times, and the less than satisfactory state of the charging network, has made the BEV a compromise choice for the 50,000 miles a year salesman, but for the average local/commuting driver, doing under 1000 miles a month, mostly close to home, they are still a good choice. And people who buy cars like TVRs fall into this latter category, not the 50,000 miles a year salesman category.
Sadly, IMHO that's the end for TVR as a seller of ICE cars in this country. It's BEV or bust, and finding the funding to redevelop the car as a BEV will be tricky right now, to say the least.
It was started by the tax benefits for company hybrid car drivers back in about 2016, and the cheap cost of charging said cars at home.
The switch to full electric simply followed, as hybrids became less tax efficient and it was seen as good to be green.
Whether BEVs are actually green is a moot point.
I thought it wold stay as just a company car perk, but because 90%+ of all new cars bought privately in this country are bought on credit, the high price hasn't put off private "buyers" - only those, who like me, can see the cost of car "ownership" done this way.
The high cost of charging them away from home in recent times, and the less than satisfactory state of the charging network, has made the BEV a compromise choice for the 50,000 miles a year salesman, but for the average local/commuting driver, doing under 1000 miles a month, mostly close to home, they are still a good choice. And people who buy cars like TVRs fall into this latter category, not the 50,000 miles a year salesman category.
Sadly, IMHO that's the end for TVR as a seller of ICE cars in this country. It's BEV or bust, and finding the funding to redevelop the car as a BEV will be tricky right now, to say the least.
The term milk floats is frankly a little bit childish. I think we all know there wasn't going to be a new TVR for the last 2 years at least....glow worm said:
.. 2nd hand Car Salesmen are instructed NOT to take part ex BEVs under any circumstances!!!!
Car buyers are now begining to discover the disadvantages of EVs.
Sales of EVs in the UK looked brilliant in December, wth Tesla the top seller.
Investigate more closely and you will see that Tesla sell in batches of boat loads.
Don't think they sold any cars during the previous two months.
EVs are great for local use, with home charging.
Otherwise:-
- 1 new public charge point installed for every 53 new EVs sold in 2022. (Be prepared to queue for recharging.)
- Real range is often far lower than manufactures claim.
- EV deprecation is accelerating (note glow worm's comment).
- Some EV owners have had enough of the difficulties with long journeys and have returned to IC cars, or hybrid (running on IC).
- Broken public chargers are common and sometimes not repaired for months (makes planning ahead for recharging difficult).
- Insuring an EV is more expensive. (Insurers have to be cautious following even slight damage to battery packs, so will write off the vehicle. There is no recycling in the UK for EV batteries, so damaged batteries are being stored in sealed metal containers).
I've got a Kia EV6 and I'm thoroughly enjoying it. However I can charge it from home and I lease it through work so it makes financial sense.
Range anxiety is not something I worry about as it has a greater range than the Chim
I've done a couple of long journeys and they were fine but I wouldn't want to take it far this weekend when the whole country will be travelling and queuing for chargers.
Range anxiety is not something I worry about as it has a greater range than the Chim
I've done a couple of long journeys and they were fine but I wouldn't want to take it far this weekend when the whole country will be travelling and queuing for chargers.
I bought a petrol hybrid Mercedes GLC300e for my MD in December. It does 80 miles on battery (they have come on a long way since the 21 mile battery range in 2017). It was £72 grand and looks somewhat like the ML I had 15 years ago.
Not remarkable you say, but for the previous 21 months he had been driving a Mercedes EQC, a BEV with a 203 mile range (in summer, about 165 miles in winter).
That range was not too bad, except that since COVID started we have all been working from home. The company trades all over the country, which requires visiting customers who want to place large and complicated orders, and he lives right out on the Suffolk coast. He finally got completely fed up with range anxiety, time spent charging every time he left Suffolk, broken/busy chargers or borrowing his wife's car for trips to Manchester etc.
It looks like we sold his EQC just in time. Selling used EVs has got a who lot harder since December.
He is far happier. A lot of his regular shorter journeys are made entirely on battery, but he can travel longer distances without delays or worry.
Not remarkable you say, but for the previous 21 months he had been driving a Mercedes EQC, a BEV with a 203 mile range (in summer, about 165 miles in winter).
That range was not too bad, except that since COVID started we have all been working from home. The company trades all over the country, which requires visiting customers who want to place large and complicated orders, and he lives right out on the Suffolk coast. He finally got completely fed up with range anxiety, time spent charging every time he left Suffolk, broken/busy chargers or borrowing his wife's car for trips to Manchester etc.
It looks like we sold his EQC just in time. Selling used EVs has got a who lot harder since December.
He is far happier. A lot of his regular shorter journeys are made entirely on battery, but he can travel longer distances without delays or worry.
Gazzab said:
unrepentant said:
Gazzab said:
Jordie Barretts sock said:
With regard to the deposits, weren't they 'safe' as they were held in a separate account/entity?
Or is that utter rubbish and if (when) they fold, the deposits go too?
His word is his bond. Money is safe whilst he can afford to repay. Surely there are only a handful of privately held deposits left. A few more dealer deposits - these aren’t refundable. Or is that utter rubbish and if (when) they fold, the deposits go too?
That would suggest that, if you are crazy enough to still have a deposit, you're an ordinary creditor and will get zilch if (when) this business folds.
Penrhyn said:
A large number of EVs are being bought by Motability for their disabled clients.
So are WE as tax payers paying for them ?Anyone else noticed all the vapour trails in the sky this week ? It's all those parents concerned about the cost of living and climate change , taking their brats off for the umpteenth foreign holiday of the year
Edited by glow worm on Tuesday 4th April 19:58
Oldwolf said:
Range anxiety is not something I worry about ...
... I wouldn't want to take it far this weekend, when the whole country will be travelling and queuing for chargers.
... I wouldn't want to take it far this weekend, when the whole country will be travelling and queuing for chargers.
Sounds rather like that famous saying, "I used to be undecided, now I am not so sure". -
With the EV being no good for Easter, it's great that you have your Chim available for long trips.
To make it even better, your Chim 'whole of life' pollution will probably been better than your EV6, which will have a shorter life than your Chim and its failed battery pack will have to be stored in a metal container, until someone can figure out how to recycle them.
Edited by Jon39 on Wednesday 5th April 09:06
Gassing Station | General TVR Stuff & Gossip | Top of Page | What's New | My Stuff