Used EVs

[TheDeuce]

SWoll said:

Mikehig said:

Jaguar are advertising 2nd-hand iPaces on the radio atm with 2 years' warranty and free home charger - no mention of prices.

That'll be all the cheap 18-24 month, 5k per year lease deals they were offering back in 2019 on base spec S cars. Seem to remember there being some ridiculously low prices.

We only pay 7k pa including deposit for our 2020 HSE's with options.

Amazing lease deals (when there isn't a chip shortage..) are actually pretty common, manufacturers subsidise the cars going to the lease companies as a means of keeping their lines running at the most efficient pace possible. Also as a way to get new cars on the road initially.

The equivalent awesome lease deals existed for a short while on the new BMW i4 M50.

[DonkeyApple]

Toaster Pilot said:

I’ve always thought the luxury tax was stupid, even for pure ICE cars

It certainly isn't structured to discourage premium purchases as the first renter isn't going to care and just bury the cost in the deal whereas it's the second user that is likely to pay attention and possibly expect a discount to compensate thus the impact it actually has is on residual at three years so the first user potentially pays more in the finance deal but none of that goes to the Govt.

If the tax were really about seeking to steer consumption then the logical thing would be to front load the whole £1625 onto the first user at point of signing. Allow them to break that tax down into 5 annual instalments but the front loading will instantly deter many consumers while those who opt to split it over 5 years will still be paying for two years after handing the vehicle back and are very unlikely to take on another £335/year while still paying the previous batch.

For it to work as a deterrent the tax premium needs to be assigned to the first true user rather than being assigned to the vehicle.

Conversely, an even simpler solution would be to limit car backed financing to the same level as unsecured consumer lending via the regulator, £25k. That would effectively end the sale of cars above £40k in the U.K.

What's daft about the tax for the i3 is that it is probably the only hybrid on the market where the user isn't using the ICE unlike most hybrids which purely exist as tax wheezes to circumnavigate regulations and generally take the micky.