EVs... no one wants them! (Vol. 2)
Discussion
cerb4.5lee said:
CMTMB said:
Buzz84 said:
cerb4.5lee said:
Are electric car owners skint or something...with all this lease and finance chat? I've got 5 ICE cars, and every one of them is paid for. 
Who the hell rents cars nowadays?
In saying that, I wouldn't pay cash for an electric car either in fairness.
Who the hell rents cars nowadays?
In saying that, I wouldn't pay cash for an electric car either in fairness.
Found you...
madbadger said:
cerb4.5lee said:
CMTMB said:
Buzz84 said:
cerb4.5lee said:
Are electric car owners skint or something...with all this lease and finance chat? I've got 5 ICE cars, and every one of them is paid for.
Who the hell rents cars nowadays?
In saying that, I wouldn't pay cash for an electric car either in fairness.
Who the hell rents cars nowadays?
In saying that, I wouldn't pay cash for an electric car either in fairness.
Found you...
I really like the Merc too!
Plus I've said more than enough about a Tesla over the years too really.
On the original thread topic, it seems EVs... no one wants to rent them from Hertz at Glasgow Airport. I was gutted to be told they're de fleeting them with no plan to replace. Instead of a nice Polestar 2 or Kia or Mercedes EQB, I had to suffer a manual 3 cyl Corsa with a crap gear chance, engine so rough I could only tell it was petrol by the rev counter and a dodgy Android Auto connection. Might mean some bargains hitting the market though.
MightyBadger said:
SteBrown91 said:
Mine's owned outright, it just made much more sense as a commuter and family car than the 2.0 diesel equivilent model.
How much has it depreciated?I paid roughly half its RRP at 2 and a bit years old. It’s probably halved that again if I were to part ex it.
But it will level out in time as no one in their right mind is going to pay a premium for a 7-8-10 year old euro 6 diesel with the risk of blocked DPFs, knackered adblue pumps etc etc.
Ultimately the overall value does not bother me particularly. The iX3 is a better car than the equivalent 20d in every way 98% of the time other than the range which only has any impact on me a handful of times a year. In fact if anything were to happen to it I’d probably buy a later facelift iX3 I like it that much.
otolith said:
Ours are both owned outright. Don t know how much they have depreciated. Don t care. Will find out at some point in the future when we re done with them. Same as every other car I ve owned.
That is definitely the right attitude for me as you say. Buy the car, enjoy the car, and worry about the depreciation later.If you sat down and started worrying about it's depreciation, then there's a chance that you'd never buy a car in the first place I reckon.
cerb4.5lee said:
otolith said:
Ours are both owned outright. Don t know how much they have depreciated. Don t care. Will find out at some point in the future when we re done with them. Same as every other car I ve owned.
That is definitely the right attitude for me as you say. Buy the car, enjoy the car, and worry about the depreciation later.If you sat down and started worrying about it's depreciation, then there's a chance that you'd never buy a car in the first place I reckon.
wisbech said:
I spent the last two nights in Bishnupor, a small town in West Bengal (it has some unique temples)
Anyway, what was interesting was that almost all (80%+) of the auto rickshaws (tuk tuks) were electric. Makes sense - short urban trips, plenty of torque for when they get overloaded, no pollution. But surprised me how completely they had taken over from the traditional 2-strokes even in a pretty remote area.
I'm in Spain. The traditional buzz of the ubiquitous 2 stroke mopeds has pretty much gone. Escooters and ebikes instead. Few pure electric cars, though. Mostly hybrids. Anyway, what was interesting was that almost all (80%+) of the auto rickshaws (tuk tuks) were electric. Makes sense - short urban trips, plenty of torque for when they get overloaded, no pollution. But surprised me how completely they had taken over from the traditional 2-strokes even in a pretty remote area.
_kitt_ said:
SteBrown91 said:
ITS NOT A LEASE.
If there is a baloon payment its a PCP finance agreement.
They are not the same thing.
Actually it is sometimes possible to buy the car at the end of the lease.If there is a baloon payment its a PCP finance agreement.
They are not the same thing.
Lex, for example, have a webpage about it https://driver.lexautolease.co.uk/Login/BuyMyCar
I'd say most people use the terms "buy" or "lease" to signify the two basic methods.
Even "buy" has an HP option, but it's still a "buy".
Definition of "lease":-
"a contract by which one party conveys land, property, services, etc. to another for a specified time, usually in return for a periodic payment."
cerb4.5lee said:
otolith said:
Ours are both owned outright. Don t know how much they have depreciated. Don t care. Will find out at some point in the future when we re done with them. Same as every other car I ve owned.
That is definitely the right attitude for me as you say. Buy the car, enjoy the car, and worry about the depreciation later.If you sat down and started worrying about it's depreciation, then there's a chance that you'd never buy a car in the first place I reckon.
I think so, Lee. Life’s too short!
eldar said:
wisbech said:
I spent the last two nights in Bishnupor, a small town in West Bengal (it has some unique temples)
Anyway, what was interesting was that almost all (80%+) of the auto rickshaws (tuk tuks) were electric. Makes sense - short urban trips, plenty of torque for when they get overloaded, no pollution. But surprised me how completely they had taken over from the traditional 2-strokes even in a pretty remote area.
I'm in Spain. The traditional buzz of the ubiquitous 2 stroke mopeds has pretty much gone. Escooters and ebikes instead. Few pure electric cars, though. Mostly hybrids. Anyway, what was interesting was that almost all (80%+) of the auto rickshaws (tuk tuks) were electric. Makes sense - short urban trips, plenty of torque for when they get overloaded, no pollution. But surprised me how completely they had taken over from the traditional 2-strokes even in a pretty remote area.
From Jan this year e-mobility devices in Spain are mandated to have full liability insurance.
Probably in the tourist traps, rental e-scooters are more noticeable but the 2 strokes haven't disappeared elsewhere.
otolith said:
Ours are both owned outright. Don t know how much they have depreciated. Don t care. Will find out at some point in the future when we re done with them. Same as every other car I ve owned.
My Tesla replaced a thirsty V8 and I've saved roughly £27k in petrol and servicing along with £20k in tax in the six years I've had it. It cost £50k to buy outright. I can't say I am too bothered about depreciation as it's paid for itself. It's also been more reliable than anything else I've owned.Conversely my petrol cars, Bentley, Aston, Range Rover and Jaguar (in particular), lost a lot and cost a lot to run.
Yebbut, they explode!
Nobbut, the batteries die after 12 months!
Yebbut, my old diesel barge can do eleventy thousand miles on a tank!
Yep, I am watching the Tesla market carefully. Just seems to be an ideal 3 series replacement when the time comes. Watched another R Symons video last weekend. He was comparing his 230K mile Model 3 to his Hilux pick up and said the Tesla has been the more reliable and cheaper to run. Tesla still on original pads and discs at 230K. Aside from a few weak areas with suspension components they seem to be on the whole utterly bomb proof, unlike the diesel German alternatives which as we all know can throw some nasty bills as the miles rack up. I would have no qualms about buying one with 100K on the clock and at that mileage they are so cheap for what you get. The only thing stopping me is that my current 11 year old oil burner recently got such a clean bill of health from the garage, has been so reliable and is depreciating so slowly relative to a newer car, I keep thinking "I will get another year out of this!"
Jte3397 said:
On the original thread topic, it seems EVs... no one wants to rent them from Hertz at Glasgow Airport. I was gutted to be told they're de fleeting them with no plan to replace. Instead of a nice Polestar 2 or Kia or Mercedes EQB, I had to suffer a manual 3 cyl Corsa with a crap gear chance, engine so rough I could only tell it was petrol by the rev counter and a dodgy Android Auto connection. Might mean some bargains hitting the market though.
I am guessing when you are in a town you don't know for a limited time you don't want to have to faff around looking for public chargers or waiting for it to charge. Do you have to return it with a full charge, can you imagine having to find a charger near the airport and then having to wait for it to charge just before your flight?I bet most people ended up returning them uncharged and were "charged" accordingly.
Just to add, in Ireland Hertz charge €1.25 per KWH and it has to be returned with a minimum of 80%
Edited by ThingsBehindTheSun on Friday 6th February 09:54
SteBrown91 said:
barryrs said:
My mates EQC is a lease and they have told him he can buy it, but maybe that's just a straight sale rather than a typical balloon payment.
ITS NOT A LEASE.If there is a baloon payment its a PCP finance agreement.
They are not the same thing.
You can also have a standard operating lease whereby the funder will allow you to buy the car but not in all cases.
ThingsBehindTheSun said:
Jte3397 said:
On the original thread topic, it seems EVs... no one wants to rent them from Hertz at Glasgow Airport. I was gutted to be told they're de fleeting them with no plan to replace. Instead of a nice Polestar 2 or Kia or Mercedes EQB, I had to suffer a manual 3 cyl Corsa with a crap gear chance, engine so rough I could only tell it was petrol by the rev counter and a dodgy Android Auto connection. Might mean some bargains hitting the market though.
I am guessing when you are in a town you don't know for a limited time you don't want to have to faff around looking for public chargers or waiting for it to charge. Do you have to return it with a full charge, can you imagine having to find a charger near the airport and then having to wait for it to charge just before your flight?I bet most people ended up returning them uncharged and were "charged" accordingly.
Just to add, in Ireland Hertz charge 1.25 per KWH and it has to be returned with a minimum of 80%
Edited by ThingsBehindTheSun on Friday 6th February 09:54
RizzoTheRat said:
ThingsBehindTheSun said:
Jte3397 said:
On the original thread topic, it seems EVs... no one wants to rent them from Hertz at Glasgow Airport. I was gutted to be told they're de fleeting them with no plan to replace. Instead of a nice Polestar 2 or Kia or Mercedes EQB, I had to suffer a manual 3 cyl Corsa with a crap gear chance, engine so rough I could only tell it was petrol by the rev counter and a dodgy Android Auto connection. Might mean some bargains hitting the market though.
I am guessing when you are in a town you don't know for a limited time you don't want to have to faff around looking for public chargers or waiting for it to charge. Do you have to return it with a full charge, can you imagine having to find a charger near the airport and then having to wait for it to charge just before your flight?I bet most people ended up returning them uncharged and were "charged" accordingly.
Just to add, in Ireland Hertz charge 1.25 per KWH and it has to be returned with a minimum of 80%
Edited by ThingsBehindTheSun on Friday 6th February 09:54
Wills2 said:
SteBrown91 said:
barryrs said:
My mates EQC is a lease and they have told him he can buy it, but maybe that's just a straight sale rather than a typical balloon payment.
ITS NOT A LEASE.If there is a baloon payment its a PCP finance agreement.
They are not the same thing.
You can also have a standard operating lease whereby the funder will allow you to buy the car but not in all cases.
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