Wow 3 years on we have a range of electric cars to pick from
Discussion
dave_s13 said:
Example from the scheme at my work (NHS).
Too damn pricey for me but notice the £100ish reductions in monthlies from April next year, some bik reduction due apparently.
2019/2020 -£590Too damn pricey for me but notice the £100ish reductions in monthlies from April next year, some bik reduction due apparently.
2020/2021 -£361
2021/2022 -£375
Our current quotes are above, for SR+ 5000 miles per PA including insurance. At current £590/month its nuts, but at £361/month from next April makes more sense - not quite but nearly matched deprecation on the Lexus.
I do want to go full EV, if its cheap enough the hassle of charging can be mitigated. But what happens in 2022/23?
If rate go back up to current no way would we stay on the scheme - If you work out the costs based on current £360, than £375 for 2 years and 10K over 2 years that's 88p per mile, add in 2p per mile for electricity, 90p per mile.
The car that's will make way is looking like it'll deprecate by no more than £5K over the next 2 years at worst so 50p per mile, fuel is 10p per mile, insurance is about 8p per mile over 10K/2years, tyres 1p, servicing+MOT+VED is 5p per mile so 74p per mile.
So even with very cheap BIK the cheapest Model 3 SR+ is 10p+ per mile more expensive to rent compared to continuing to own the current commuter car outright, doing 5K per year. At current BIK rates or £590/month doing 5K works out a cost of £1.4/mile, so nearly double the cost of the current car!
Paying more (up to double) for less convenience, no thank you
.Edited by gangzoom on Wednesday 9th October 11:56
gangzoom said:
Gosh you must literally be driving up/down the length of the UK!!
Depending on how often you do that trip any EV will be a pain compared to your current car.
Sadly an EV that can cover that kind of range in winter, at 75mph, without having to worry about charging still doesn't exist.
Maybe when Tesla upgrade the S to Model 3 battery packs we'll get close, but even than a closed road with detour, rain etc will still cause range anxiety, not forgetting the starting price of the S is a shad under £80k!!!
But most people simply don't drive those distances that regularly or ever. If you actually do need that kind of range regularly a Toyota/Lexus hybrid will give you diesel efficiency without all the emissions worries.
It is virtually 370 miles to drive the length of Scotland, mainland only. I think the UK is a bit longer Depending on how often you do that trip any EV will be a pain compared to your current car.
Sadly an EV that can cover that kind of range in winter, at 75mph, without having to worry about charging still doesn't exist.
Maybe when Tesla upgrade the S to Model 3 battery packs we'll get close, but even than a closed road with detour, rain etc will still cause range anxiety, not forgetting the starting price of the S is a shad under £80k!!!
But most people simply don't drive those distances that regularly or ever. If you actually do need that kind of range regularly a Toyota/Lexus hybrid will give you diesel efficiency without all the emissions worries.
But from John o Groats to the nearest Tesla supercharger in Dundee is only about 250 miles so a Tesla may make it.
dogdiego said:
Pricing on the Model 3 seems very fluid. I'd wait until they next announce a price reduction (which they will) and see what prices look like then.
I think it was about £350 a month with 12k per annum pre price rise.
if they do reduce the price (there is no new stock atm) it will go back up for the 0% BIK, i cant see them being able to get enough cars into the UK to supply demand for that I think it was about £350 a month with 12k per annum pre price rise.
CooperS said:
Anyone got any thoughts on what I asked??
I persume if you opted out of the company car scheme your take home pay would be higher.Most SR+ deals current seem to be around the £500/month mark, thats alot of cash to waste on a base car.
Why not just buy out the i3? Surely it'll run and run for another 70k at least?
gangzoom said:
CooperS said:
Anyone got any thoughts on what I asked??
I persume if you opted out of the company car scheme your take home pay would be higher.Most SR+ deals current seem to be around the £500/month mark, thats alot of cash to waste on a base car.
Why not just buy out the i3? Surely it'll run and run for another 70k at least?
Plus the fact my car won't be worth anything after I pay off the 10k balance (already at 60k and in three years time will be 100k+) along with the CC scheme providing insurance and maintenance you can see why it might be attractive to me.
If I opt out I'll just get it taxed so it's around the £300 mark I would guess. If it wasn't for the big miles I'd be pulling the money and getting an Alfa as I really fancy something Italian.
The SR+ is roughly inline with a 330i from a performance perspective and is better equipped (panoramic roof etc.) so when you say 'base car' it's not the same as what other manufacturers offer as a base and will obviously also save a considerable amount on fuel every month if you do reasonable mileage.
How much will it cost you a month again OP, and what is the difference from April next year?
How much will it cost you a month again OP, and what is the difference from April next year?
CooperS said:
Plus the fact my car won't be worth anything after I pay off the 10k balance (already at 60k and in three years time will be 100k+)
I woudlnt say your i3 is worthless even with 100k on the clock, the cheapest i3 on Autotrader is still £12k, if you paid £10k for yours now in 2 years time I suspect it'll still be worth similar, especially with the way new car prices are going.The SR+ is £275/month in addition to the potential £300/month saving for not having a company car. Over 3 years thats a £20k spend for essentially a commuting tool, versus say at worst 50% depreciation on the i3, so £15k saving over 3 years. If you than kept the i3 as a commuting tool for longer the savings versus ongoing leasing/company car really rockets!!
The warranty issues is a different matter, owing any BMW out of warranty is a potential money pit, but I would hope all the 'known' issues with your i3 is already sorted? So the next 20-30k should be more trouble free?
gangzoom said:
CooperS said:
Plus the fact my car won't be worth anything after I pay off the 10k balance (already at 60k and in three years time will be 100k+)
I woudlnt say your i3 is worthless even with 100k on the clock, the cheapest i3 on Autotrader is still £12k, if you paid £10k for yours now in 2 years time I suspect it'll still be worth similar, especially with the way new car prices are going.The SR+ is £275/month in addition to the potential £300/month saving for not having a company car. Over 3 years thats a £20k spend for essentially a commuting tool, versus say at worst 50% depreciation on the i3, so £15k saving over 3 years. If you than kept the i3 as a commuting tool for longer the savings versus ongoing leasing/company car really rockets!!
The warranty issues is a different matter, owing any BMW out of warranty is a potential money pit, but I would hope all the 'known' issues with your i3 is already sorted? So the next 20-30k should be more trouble free?
Keeping an older, lower spec car for as long as possible is always a compelling argument financially (assuming no significant out of warranty repair bills as mentioned)
Doesn't give the same 'ownership' experience over the next 3 years though obviously, only the OP can decide what that is worth to him.
Doesn't give the same 'ownership' experience over the next 3 years though obviously, only the OP can decide what that is worth to him.
SWoll said:
Keeping an older, lower spec car for as long as possible is always a compelling argument financially (assuming no significant out of warranty repair bills as mentioned)
Doesn't give the same 'ownership' experience over the next 3 years though obviously, only the OP can decide what that is worth to him.
The difference been the EV drivetrain levels the playing fields like nothing else.Doesn't give the same 'ownership' experience over the next 3 years though obviously, only the OP can decide what that is worth to him.
Our old 24kWh Leaf is just as smooth/effortless to drive in traffic as our current £70k+ Tesla, infact in a 'blind' test of city commuting I doubt anyone will be able to tell the difference between a Leaf and the yet to be released Taycan. Not forgetting the fact for many on here a BMW i3 is a better 'quality' car than any Tesla.
If you want to change cars just because you want a change great, but if your happy with the range/function of your current EV why would you change?
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