iPace currently available for £400/month wow!!
Discussion
red_slr said:
Yup at best case IMHO 15% depreciation over 18mo and worst case maybe more like 25%.
The lease is very likely to be cheaper than the depreciation. As such its the cheapest way to drive this car for 18mo.
IMHO.
Never a fan of leasing but for EVs it seems to make total sense. I was tempted by the deal but I have no justifiable need for another car. The deal seemed ideal for anyone who found themselves with the right timing and who wanted to try an EV but hedge out all the current unknowns that are going to take a few years to smooth out. The lease is very likely to be cheaper than the depreciation. As such its the cheapest way to drive this car for 18mo.
IMHO.
red_slr said:
After 12 months or so the market will have matured further and we can see what we want to do next.
This is the exact reason I didn't buy the I-Pace or Model-S. This is a time of great turmoil for the EV market. Charging networks, technology and the number/variety/price of EVs is going to change massively in the next 2-3 years.I'm going to jump out of diesel before the turn against it becomes really serious and damages residuals too much. I'll lease a petrol car for 18 months, and move to an EV when the time is right.
I really want one now, but there's too much uncertainty and change on the way.
Don't think the base tech will change for the next 10 years. So it will be a case of refining over time, I think once there is a proper uptake in EVs the car companies will start to look at the development cycle. Hopefully the cost will reduce though. The current line up of EVs from Tesla and Jag are very expensive. Audi, Merc and Mini will release next year but expensive still.
If you look at petrol ICE engines things like twin cam and EFI whilst around were not common on lower end vehicles until the 80s or even 90s.
It took probably 20 years of "modern" age vehicles to get to the point where development was worth it, and a lot of that was forced by emissions.
If you look at petrol ICE engines things like twin cam and EFI whilst around were not common on lower end vehicles until the 80s or even 90s.
It took probably 20 years of "modern" age vehicles to get to the point where development was worth it, and a lot of that was forced by emissions.
red_slr said:
Pretty much what I think too. We get 18 months to try one, at a reduced cost vs buying or PCPing one.
After 12 months or so the market will have matured further and we can see what we want to do next.
OAfter 12 months or so the market will have matured further and we can see what we want to do next.
Our thoughts exactly. I have been running a Golf GTE for three years and my commute has been fully electric, so the only real change will be the full electric on a long run. IMHO the charging infrastructure will rapidly improve and evolve in the next 18 months. The wider availability of the European manufacturers halo ev’s together with the overdue appearance of the model 3 and the Korean entry to the EV market place will drive the growth.
We really wanted the Hyundai Kona, but the lease cost, PCP quotes etc were north of what we are paying here (even with allowance for busting the mileage limit).
Plus if I am wrong and EV doesn’t happen (or the charging infrastructure does not improve) I can go back to ICE.
red_slr said:
Don't think the base tech will change for the next 10 years. So it will be a case of refining over time, I think once there is a proper uptake in EVs the car companies will start to look at the development cycle. Hopefully the cost will reduce though. The current line up of EVs from Tesla and Jag are very expensive. Audi, Merc and Mini will release next year but expensive still.
If you look at petrol ICE engines things like twin cam and EFI whilst around were not common on lower end vehicles until the 80s or even 90s.
It took probably 20 years of "modern" age vehicles to get to the point where development was worth it, and a lot of that was forced by emissions.
I think that what will keep EV rollover sales churning over is probably battery enhancements that are likely to come each 24 months. At each rollover point I’m sure they will aim to be able to offer the same car but with an improved battery pack. I don’t think it’s an oversight that has seen firms not make it easy to upgrade batteries, rather they see this as one of the primary sales tools to keep consumers rolling over regularly. If you look at petrol ICE engines things like twin cam and EFI whilst around were not common on lower end vehicles until the 80s or even 90s.
It took probably 20 years of "modern" age vehicles to get to the point where development was worth it, and a lot of that was forced by emissions.
I don’t think we will see costs fall in the premium sector unless the industry decides to have a price war. When selling luxury goods it’s not usually the correct path to take to increase sales or margins. And they will be balancing small EV sales with large hybrid sales.
Amateurish said:
Am I right in thinking that our iPace orders won't be affected by the cut in the government grant, so long as an order has been placed by the dealer?
I've contacted the broker and asked them to contact the dealer and confirm it in writing - just waiting to hear back.I'm pretty sure it will be fine - will post back once I hear.
EddieSteadyGo said:
I've contacted the broker and asked them to contact the dealer and confirm it in writing - just waiting to hear back.
I'm pretty sure it will be fine - will post back once I hear.
I did the same on Monday, no response as yet. I'm pretty sure it will be fine - will post back once I hear.
There is a section on the government announcement that explains to lease companies how to correctly register the grant application in the transition period to ensure ful” grant remains in place.
I asked the broker on Monday, they said they'd contacted the dealer and were waiting a reply. Should be a straightforward matter so I chased yesterday and got a reply of sorts today.
Dealer "has their accounts people working their way through about 60 I-Paces" - I have to assume this is putting owner details onto the Portal but I seem to know more about the system than the broker, despite sending them extracts of the recent guidance.
Mine has a build date so I think there's a good chance I'm OK but it concerns me this is only happening now on an order placed 5 or 6 weeks ago.
Dealer "has their accounts people working their way through about 60 I-Paces" - I have to assume this is putting owner details onto the Portal but I seem to know more about the system than the broker, despite sending them extracts of the recent guidance.
Mine has a build date so I think there's a good chance I'm OK but it concerns me this is only happening now on an order placed 5 or 6 weeks ago.
They had better get a move on. 60% of the remaining grants have gone after less than a week.
https://www.autoexpress.co.uk/car-news/104868/plug...
https://www.autoexpress.co.uk/car-news/104868/plug...
DickiePhitt said:
I asked the broker on Monday, they said they'd contacted the dealer and were waiting a reply. Should be a straightforward matter so I chased yesterday and got a reply of sorts today.
Dealer "has their accounts people working their way through about 60 I-Paces" - I have to assume this is putting owner details onto the Portal but I seem to know more about the system than the broker, despite sending them extracts of the recent guidance.
Mine has a build date so I think there's a good chance I'm OK but it concerns me this is only happening now on an order placed 5 or 6 weeks ago.
Dickie,Dealer "has their accounts people working their way through about 60 I-Paces" - I have to assume this is putting owner details onto the Portal but I seem to know more about the system than the broker, despite sending them extracts of the recent guidance.
Mine has a build date so I think there's a good chance I'm OK but it concerns me this is only happening now on an order placed 5 or 6 weeks ago.
Who is your lease company?
Jasper3.0 said:
DickiePhitt said:
I asked the broker on Monday, they said they'd contacted the dealer and were waiting a reply. Should be a straightforward matter so I chased yesterday and got a reply of sorts today.
Dealer "has their accounts people working their way through about 60 I-Paces" - I have to assume this is putting owner details onto the Portal but I seem to know more about the system than the broker, despite sending them extracts of the recent guidance.
Mine has a build date so I think there's a good chance I'm OK but it concerns me this is only happening now on an order placed 5 or 6 weeks ago.
Dickie,Dealer "has their accounts people working their way through about 60 I-Paces" - I have to assume this is putting owner details onto the Portal but I seem to know more about the system than the broker, despite sending them extracts of the recent guidance.
Mine has a build date so I think there's a good chance I'm OK but it concerns me this is only happening now on an order placed 5 or 6 weeks ago.
Who is your lease company?
Gassing Station | EV and Alternative Fuels | Top of Page | What's New | My Stuff