EVs - have the financial savings evaporated already?
Discussion
OutInTheShed said:
That's the orthodox view, based on a century or so of IC car markets.
You could extend that curve expecting 12+ year old cars to be worth maybe 5 to !0 of new cost and later worth very little until they fail an MoT badly.
These days we are seeing some different curves I think?
There are 10+ YO cars depreciating from several £k to nil in a couple of years
There are new cars which look good value compared to used cars.
The used EV market is still small and distorted by everyone knowing about used Leaves.
Not sure about the used value thing. 10 year old i3s still seem to have reasonable value £8,000 - £10,000 I can't imagine they will go to zero a couple of years later. I reckon they may well bottom out and then increase. Carbon tub makes for a compelling classic. You could extend that curve expecting 12+ year old cars to be worth maybe 5 to !0 of new cost and later worth very little until they fail an MoT badly.
These days we are seeing some different curves I think?
There are 10+ YO cars depreciating from several £k to nil in a couple of years
There are new cars which look good value compared to used cars.
The used EV market is still small and distorted by everyone knowing about used Leaves.
I'd like to understand which new cars and price that you consider are better value than a used version. What is the criteria for value?
I will agree the used pool is tiny and will still be relatively small in 2030 compared to the circa 5.4M used car transactions annually
TheRainMaker said:
Nomme de Plum said:
For some odd reason mine has actually crept up in value a bit.
It's not that odd; it's a remarkable bit of kit made out of carbon fibre.If one EV is going to hold its value, it will be the i3.
Nomme de Plum said:
TheRainMaker said:
Nomme de Plum said:
For some odd reason mine has actually crept up in value a bit.
It's not that odd; it's a remarkable bit of kit made out of carbon fibre.If one EV is going to hold its value, it will be the i3.
You can already get reasonably priced aftermarket battery replacements and upgrades. It could be the ultimate endlessly recyclable EV with its carbon core and plastic body panels.
740EVTORQUES said:
Nomme de Plum said:
TheRainMaker said:
Nomme de Plum said:
For some odd reason mine has actually crept up in value a bit.
It's not that odd; it's a remarkable bit of kit made out of carbon fibre.If one EV is going to hold its value, it will be the i3.
You can already get reasonably priced aftermarket battery replacements and upgrades. It could be the ultimate endlessly recyclable EV with its carbon core and plastic body panels.
Nomme de Plum said:
Not sure about the used value thing. 10 year old i3s still seem to have reasonable value £8,000 - £10,000 I can't imagine they will go to zero a couple of years later. I reckon they may well bottom out and then increase. Carbon tub makes for a compelling classic.
I'd like to understand which new cars and price that you consider are better value than a used version. What is the criteria for value?
I will agree the used pool is tiny and will still be relatively small in 2030 compared to the circa 5.4M used car transactions annually
Plenty of i3's under £8k now, weren't they scarce below £10 a year ago?I'd like to understand which new cars and price that you consider are better value than a used version. What is the criteria for value?
I will agree the used pool is tiny and will still be relatively small in 2030 compared to the circa 5.4M used car transactions annually
I think it is a 'classic', in as much as that means anything.
Criteria for 'value' can be interesting.
One measure might be purchase price divided by length of warranted trouble free motoring ahead.
There are a lot of people asking £6k or £10k for cars which could well be scrapped in just a few years.
You can buy a new Corsa for £15k, yet some people want >£7k for a 10 year old one
OutInTheShed said:
Plenty of i3's under £8k now, weren't they scarce below £10 a year ago?
I've just picked a random car from Auto Trader and put it into Motorway.Remember, this is the trade-in value, it suggests around £1319.00 drop over the last year, around £110.00 a month, I don't think that is bad.
TheRainMaker said:
OutInTheShed said:
Plenty of i3's under £8k now, weren't they scarce below £10 a year ago?
I've just picked a random car from Auto Trader and put it into Motorway.Remember, this is the trade-in value, it suggests around £1319.00 drop over the last year, around £110.00 a month, I don't think that is bad.
Almost like there is a point that some people are trying to prove.
I don't often celebrate my old age but I'm so pleased I've seen fluctuations in used car prices since the 1970s which blows all this nonsense into the weeds.
Nomme de Plum said:
Did anyone get so obsessive about the used value of ICEs?
Almost like there is a point that some people are trying to prove.
I don't often celebrate my old age but I'm so pleased I've seen fluctuations in used car prices since the 1970s which blows all this nonsense into the weeds.
The values (or maybe I mean asking prices) of some used diesels are bonkers lately.Almost like there is a point that some people are trying to prove.
I don't often celebrate my old age but I'm so pleased I've seen fluctuations in used car prices since the 1970s which blows all this nonsense into the weeds.
Particularly estates.
Shed money is now £5k it seems.
'Nearly New' is about what I paid for my first house.
In the middle you have some bargains and some highly overpriced things which have been to the moon and back.
Also people are asking colourful money for cars which don't even work.
The gulf between WBAC values and asking prices is immense for cars over ten years?
People are asking a lot for crs WBAC won't even quote on because the mileage is too high.
Result is, there are lots of nice estate cars on people's drives, but they a re not selling because an upgrade is expensive and trade in is insulting.
I don't want to pay lots because I think I might be done with diesels in a couple of years.
Nomme de Plum said:
Did anyone get so obsessive about the used value of ICEs?
Almost like there is a point that some people are trying to prove.
We were not so obsessed with tyre particulates, brake dust, power generation mixes, vehicle fires, cobalt mining, vehicle weight, daily mileage requirements etc either.Almost like there is a point that some people are trying to prove.
The resistance and opinions from non-owners is odd, particularly when met with the real world experience of owners.
OutInTheShed said:
The values (or maybe I mean asking prices) of some used diesels are bonkers lately.
Particularly estates.
Shed money is now £5k it seems.
'Nearly New' is about what I paid for my first house.
In the middle you have some bargains and some highly overpriced things which have been to the moon and back.
Also people are asking colourful money for cars which don't even work.
The gulf between WBAC values and asking prices is immense for cars over ten years?
People are asking a lot for crs WBAC won't even quote on because the mileage is too high.
Result is, there are lots of nice estate cars on people's drives, but they a re not selling because an upgrade is expensive and trade in is insulting.
I don't want to pay lots because I think I might be done with diesels in a couple of years.
WBAC are part of BCA (British Car Auctions) so its not really that surprising they don't really want older cars. Particularly estates.
Shed money is now £5k it seems.
'Nearly New' is about what I paid for my first house.
In the middle you have some bargains and some highly overpriced things which have been to the moon and back.
Also people are asking colourful money for cars which don't even work.
The gulf between WBAC values and asking prices is immense for cars over ten years?
People are asking a lot for crs WBAC won't even quote on because the mileage is too high.
Result is, there are lots of nice estate cars on people's drives, but they a re not selling because an upgrade is expensive and trade in is insulting.
I don't want to pay lots because I think I might be done with diesels in a couple of years.
I think if a person wants to sell an older car then advertise privately if that's too much trouble take it to some local smallish dealers that sell similar.
IMO my car will only realise its value when it is sold. Any speculative stuff before that time is irrelevant.
Edited by Nomme de Plum on Sunday 7th April 09:37
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