EVs... no one wants them!

[Still Mulling]

squirdan said:

been following this thread for a while... flip side of "no one wants them" is there are good deals out there

Just paid £37,500 for a 2yr old Polestar 2 plus pilot with 12k miles... thats the 400bhp 4wd one with all the toys, but no gold bits

finance company are baking in very strong residuals from this point, meaning unbelievably the GFV is £35k in 2 years time / +10k miles

I cant understand that myself but thats their problem. So the monthly is nearly all interest and hardly any depreciation

So... £1500 deposit, and £290 pcm for 2 years gets me virtually cost free motoring. Car is under warranty till its 3yrs old, no servicing of note needed.

Thats £8460 total cost and then hand it back. To use lease type maths, thats 22.5% of the purchase price (not the list)

seems cheap motoring to me. And thats aside from the fact I really like the Polestar anyway

am I missing something?!

Where was that from, please? I'm not particularly familiar with PCP deals on used cars, but if the maths works out I'd consider it.

[squirdan]

finance through Oracle (car finance brokers...excellent)...its some kind of EV specific offer (not sure the underlying lender tbh)

Scott Medley is my contact 01423 647622. Tell him Dan sent you

key is the very strong residual values used to generate the GFV (aka the balloon payment)

he told me the numbers work really well on Polestar 2, Jag ipace and Audi E tron

basically its because these kind of cars have all just taken a bath value wise...

it makes sense if you want to hand the car back after 2 years...probably doesnt if you want to buy it at the end (as will have no "equity" in the car and the GFV could be more than its actually worth)

[Essarell]

Just sat catching up on my paperwork and having a nice coffee from the Wild Bean Cafe, 8 petrol pumps constantly in use and 2 EV charging stations, one had a van on it for 45 mins and the other is currently occupied with a Taycan, it’s been there half an hour plugged in and someone picked him up in a Range Rover so I guess it’s unattended. What’s going to be the catchy name for EV Point rage?

[J1990]

squirdan said:

been following this thread for a while... flip side of "no one wants them" is there are good deals out there

Just paid £37,500 for a 2yr old Polestar 2 plus pilot with 12k miles... thats the 400bhp 4wd one with all the toys, but no gold bits

finance company are baking in very strong residuals from this point, meaning unbelievably the GFV is £35k in 2 years time / +10k miles

I cant understand that myself but thats their problem. So the monthly is nearly all interest and hardly any depreciation

So... £1500 deposit, and £290 pcm for 2 years gets me virtually cost free motoring. Car is under warranty till its 3yrs old, no servicing of note needed.

Thats £8460 total cost and then hand it back. To use lease type maths, thats 22.5% of the purchase price (not the list)

seems cheap motoring to me. And thats aside from the fact I really like the Polestar anyway

am I missing something?!

If I could get something like this to stack up on a P2 or an iPace then I think I'd be mad not to go for it - I'd never looked in to anything other than dealership PCP's for used cars and ruled them out as being ridiculously priced and so always plan on a cash purchase. This takes away that fear... Appreciate the heads up, I'll be looking more closely at this!

[Axionknight]

That's dirt cheap, bloody hell

[Pica-Pica]

sunnyb13 said:

For EV's is it better to buy lower mileage or newer?

My opinion would definitely be newer. Latest software and hardware, which are changing quicker than an ICE.

[PositronicRay]

Essarell said:

the other is currently occupied with a Taycan, it’s been there half an hour plugged in and someone picked him up in a Range Rover so I guess it’s unattended. What’s going to be the catchy name for EV Point rage?

That's not really cricket, he may be gone ages.

[Still Mulling]

Pica-Pica said:

sunnyb13 said:

For EV's is it better to buy lower mileage or newer?

My opinion would definitely be newer. Latest software and hardware, which are changing quicker than an ICE.

Dependent upon so many factors to me. Many software updates are on older models anyway; hardware changes would need carefully comparing between the particular vehicles you might be interested in. Lower mileage probably = fewer chargins cycles, however how they have been charged could be as important.

TLDR: I wouldn't say one is better than the other. Pay close attention to all aspects of the particular vehicles you go to see.

[Still Mulling]

squirdan said:

finance through Oracle (car finance brokers...excellent)...its some kind of EV specific offer (not sure the underlying lender tbh)

Scott Medley is my contact 01423 647622. Tell him Dan sent you

key is the very strong residual values used to generate the GFV (aka the balloon payment)

he told me the numbers work really well on Polestar 2, Jag ipace and Audi E tron

basically its because these kind of cars have all just taken a bath value wise...

it makes sense if you want to hand the car back after 2 years...probably doesnt if you want to buy it at the end (as will have no "equity" in the car and the GFV could be more than its actually worth)

Thank you.

[Rich135]

Still Mulling said:

squirdan said:

finance through Oracle (car finance brokers...excellent)...its some kind of EV specific offer (not sure the underlying lender tbh)

Scott Medley is my contact 01423 647622. Tell him Dan sent you

key is the very strong residual values used to generate the GFV (aka the balloon payment)

he told me the numbers work really well on Polestar 2, Jag ipace and Audi E tron

basically its because these kind of cars have all just taken a bath value wise...

it makes sense if you want to hand the car back after 2 years...probably doesnt if you want to buy it at the end (as will have no "equity" in the car and the GFV could be more than its actually worth)

Thank you.

I might well give Scott a call too. How does it work, do you source the car yourself, first, then call them to arrange the finance?

I currently have a Model 3 LR, but it will be going back to the lease company soon, and I wouldn't mind a Polestar 2.

[ruggedscotty]

PositronicRay said:

Essarell said:

the other is currently occupied with a Taycan, it’s been there half an hour plugged in and someone picked him up in a Range Rover so I guess it’s unattended. What’s going to be the catchy name for EV Point rage?

That's not really cricket, he may be gone ages.

they are looking at this.....

so watch this space. you dont park at a fuel pump, so parking at a charge point will not be tolerated. takes away the functionality.

The software is there, and the ability to do excruciating fees for leaving connected with not taking a charge.... soon stop folks doing just that sort of thing.

[SWoll]

Essarell said:

Just sat catching up on my paperwork and having a nice coffee from the Wild Bean Cafe, 8 petrol pumps constantly in use and 2 EV charging stations, one had a van on it for 45 mins and the other is currently occupied with a Taycan, it’s been there half an hour plugged in and someone picked him up in a Range Rover so I guess it’s unattended. What’s going to be the catchy name for EV Point rage?

Any idea what speed the chargers are? If it's a 50kWh as is fairly common and his battery is at low SOC then it could take a couple of hours to fully charge.

We've got a local pub where we will charge and leave the car whilst we go for lunch occasionally as it's free to use for us. I wouldn't sit there in the drivers seat for 1.5 hours just to keep other drivers happy.

[Essarell]

SWoll said:

Any idea what speed the chargers are? If it's a 50kWh as is fairly common and his battery is at low SOC then it could take a couple of hours to fully charge.

We've got a local pub where we will charge and leave the car whilst we go for lunch occasionally as it's free to use for us. I wouldn't sit there in the drivers seat for 1.5 hours just to keep other drivers happy.

No, no idea how fast but the Taycan was connected for about an hour, i'm guessing he could see via an app how the charge was going. I wonder if they'll be any issues with vehicles left unattended? any safety concerns? i'm guessing EV charging is safer than hydrocarbon refills.....

[barryrs]

I got an email from Jaguar this morning “£1,500 finance deposit and 1.9% APR on Jaguar I-PACE until 31st March”

[J1990]

barryrs said:

I got an email from Jaguar this morning “£1,500 finance deposit and 1.9% APR on Jaguar I-PACE until 31st March”

If that was on used models then it would be worth thinking about, however with their list prices and the GFV's it's rather painful regardless of the 1.9%

[Edinburger]

Essarell said:

Just sat catching up on my paperwork and having a nice coffee from the Wild Bean Cafe, 8 petrol pumps constantly in use and 2 EV charging stations, one had a van on it for 45 mins and the other is currently occupied with a Taycan, it’s been there half an hour plugged in and someone picked him up in a Range Rover so I guess it’s unattended. What’s going to be the catchy name for EV Point rage?

My main charging point rage is ICE cars parked in electric vehicle charging spaces - you wouldn't park in a disabled space or a parent and child space, so why park in an electric vehicle charging space?

I've only just found this thread so I'm late to the party. I've had a BMW i4 eDrive 40 M Sport for over six months which is an absolutely brilliant car. I can't recommend it enough. Happy to answer questions from anyone considering this or the move to electric.

Lots of the points in the last few pages I've read have been answered in the EV & Alternative Fuels forum. Worth checking that out too.

[J1990]

Rich135 said:

Still Mulling said:

squirdan said:

finance through Oracle (car finance brokers...excellent)...its some kind of EV specific offer (not sure the underlying lender tbh)

Scott Medley is my contact 01423 647622. Tell him Dan sent you

key is the very strong residual values used to generate the GFV (aka the balloon payment)

he told me the numbers work really well on Polestar 2, Jag ipace and Audi E tron

basically its because these kind of cars have all just taken a bath value wise...

it makes sense if you want to hand the car back after 2 years...probably doesnt if you want to buy it at the end (as will have no "equity" in the car and the GFV could be more than its actually worth)

Thank you.

I might well give Scott a call too. How does it work, do you source the car yourself, first, then call them to arrange the finance?

I currently have a Model 3 LR, but it will be going back to the lease company soon, and I wouldn't mind a Polestar 2.

Just spoke with Scott - He needs the reg of a specific car you're looking at in order to give you pricing. Below are the prices he was able to give me based on 24months and 12k miles/year

2021 i-Pace HSE £42k - £6124 deposit + £294/month (Amortised to £549.16/month) https://www.autotrader.co.uk/car-details/202212012...
2021 Polestar 2 Long Range £36.5k - £4690 deposit + £260/month (Amortised to £455.42/month) https://www.autotrader.co.uk/car-details/202303135...

[dmsims]

I-Pace outside warranty - how lucky do you feel ??

[J1990]

dmsims said:

I-Pace outside warranty - how lucky do you feel ??

Still has 1 year full warranty, as a used approved vehicle you can also extend warranty up to 100k miles/10 years without issue (Hence why I bought an approved used 2015 F-Type without too much concern).

[barryrs]

Jaguar are offering 24 months warranty on approved used I-Paces at the moment.