EVs... no one wants them! (Vol. 2)
Discussion
glennjamin said:
Mate bought a Brand new first edition Project 45 Hyundai Iconic5 for £58k spent £4k having PPF put on it due to Matt finished paintwork. Total £62k .....Just sold it for £19k !!! £43k depreciation!! How anyone sees this as financial sense is beyond me.....
I think the Sally and being able to push them through your business helps with that though, and then the depreciation just doesn't need to be considered really. Obviously if you are a cash buyer, then you'd have to be mental though, however all brand new cars depreciate heavily though regardless of what powers them to be fair. loafer123 said:
rev-erend said:
Has anyone test driven or brought a new renault 5?
Thoughts on it?
Epic. Still love mine.Thoughts on it?
See here:
https://www.pistonheads.com/gassing/topic.asp?h=0&...
glennjamin said:
Mate bought a Brand new first edition Project 45 Hyundai Iconic5 for £58k spent £4k having PPF put on it due to Matt finished paintwork. Total £62k .....Just sold it for £19k !!! £43k depreciation!! How anyone sees this as financial sense is beyond me.....
No one buys a new daily car as a financial investment - regardless of what is powering it.That scenario is a spectacular fail - could have leased it for much cheaper and ignored the PPF.
glennjamin said:
Mate bought a Brand new first edition Project 45 Hyundai Iconic5 for £58k spent £4k having PPF put on it due to Matt finished paintwork. Total £62k .....Just sold it for £19k !!! £43k depreciation!! How anyone sees this as financial sense is beyond me.....
Looks like you added a straw man at the end there. Nobody ever thought buying a brand new car made “financial sense” did they? Let’s forget about the PPF embellishment because that would have been money down the drain on any ordinary car. But to get a better idea of the depreciation, did he really pay full list price from new and how old was it and what mileage when sold?
glennjamin said:
Mate bought a Brand new first edition Project 45 Hyundai Iconic5 for £58k spent £4k having PPF put on it due to Matt finished paintwork. Total £62k .....Just sold it for £19k !!! £43k depreciation!! How anyone sees this as financial sense is beyond me.....
Sounds like paying £10k over list was his first mistake…glennjamin said:
Mate bought a Brand new first edition Project 45 Hyundai Iconic5 for £58k spent £4k having PPF put on it due to Matt finished paintwork. Total £62k .....Just sold it for £19k !!! £43k depreciation!! How anyone sees this as financial sense is beyond me.....
Personal choice? Not knowing the future? Why do you feel the need to understand other people's decisions?
p1stonhead said:
I had no idea these had gotten this cheap!
30-40k miles can be had just under £30k now.
Very interesting.
If you can live with the range, then early iX 40's are a LOT of car for the money. So quiet, so smooth, huge spec. And hopefully less prone to out-of-warranty expensive faults than X5's....30-40k miles can be had just under £30k now.
Very interesting.
Interesting to see the jump up in prices if you want a 50 instead. I bet most of that is due to the range increase rather than power increase.
occasionalranter said:
p1stonhead said:
I had no idea these had gotten this cheap!
30-40k miles can be had just under £30k now.
Very interesting.
If you can live with the range, then early iX 40's are a LOT of car for the money. So quiet, so smooth, huge spec. And hopefully less prone to out-of-warranty expensive faults than X5's....30-40k miles can be had just under £30k now.
Very interesting.
Interesting to see the jump up in prices if you want a 50 instead. I bet most of that is due to the range increase rather than power increase.
Late £20k’s seems amazing. May have to go test drive one.
My ICE car is coming up 3 years old. I've never bought an extended warranty and may change the car as It's an Audi and I'm not sure about Audi reliability out of warranty period. It occurred to me, will anyone bother with extended warranties with EVs because there is so much less to go wrong? Are they proven to be more reliable long term?
lornemalvo said:
My ICE car is coming up 3 years old. I've never bought an extended warranty and may change the car as It's an Audi and I'm not sure about Audi reliability out of warranty period. It occurred to me, will anyone bother with extended warranties with EVs because there is so much less to go wrong? Are they proven to be more reliable long term?
Like all extended warranties, it depends on the cost. We are currently running 2 Teslas just out of warranty (apart from the 8 year battery/motor warranty). They might well throw up bills at some point, but cheaper than buying a new car. Both are 4 years old now with no real signs of wear at 50k miles each. Tesla doesn’t have an extended warranty program in the UK and I didn’t look at 3rd party warranties. p1stonhead said:
occasionalranter said:
p1stonhead said:
I had no idea these had gotten this cheap!
30-40k miles can be had just under £30k now.
Very interesting.
If you can live with the range, then early iX 40's are a LOT of car for the money. So quiet, so smooth, huge spec. And hopefully less prone to out-of-warranty expensive faults than X5's....30-40k miles can be had just under £30k now.
Very interesting.
Interesting to see the jump up in prices if you want a 50 instead. I bet most of that is due to the range increase rather than power increase.
Late £20k s seems amazing. May have to go test drive one.
I like them, but when we were in the market for a used buy this time last year I couldn't justify the huge price gap between the 40 and our etron 55 for a car with similar range, less performance and less standard kit.
Will look at them again in a couple of years when the 45 is at the right age.
RizzoTheRat said:
uktrailmonster said:
POIDH said:
uktrailmonster said:
In my social circles (nearly exclusively motorsport engineers), Teslas are very well regarded. Just bought another last week and it s really quite awesome for daily driving.
Yet when I was looking to buy EV, my servicing garage was very negative about parts supply and some really iffy engineering in some Teslas and two garages selling cars basically suggest that some of the build quality is shonky despite good engineering underneath...
Secondly, the owner who is a petrol head (bikes mainly, trials riding, owns a "slammed" T5 and a ever rotating set of classic cars) was encouraging me to go EV. He was saying he's thinking of buying one for his wife and that they are without a doubt improving year on year. His ambition is to keep the T5 bike carrier until he can replace with EV van.
Thirdly, he's not bothered about being out of business. They are busy training all the mechanics and gearing up for more EV servicing, and he's currently turning away any bookings that are not existing customers or people who existing customers introduce to the garage.
The conversation was in January when I took mine and a son's car in for service and said I was looking to prep it for sale as I had an EV in mind.
lornemalvo said:
It occurred to me, will anyone bother with extended warranties with EVs because there is so much less to go wrong? Are they proven to be more reliable long term?
Our Model X is 9 years old this year, just about hit 100k, owned from new, the factory warranty was 4 years and last year the motor/battery warranty expired.It throws the odd be bill here and there as would expect a from nearly a decade old family wagon coming up to 100k, but nothing major. I fancy a change next year, mechanically aside from suspension wear/tear items it's essentially 'As new'.
glennjamin said:
Mate bought a Brand new first edition Project 45 Hyundai Iconic5 for £58k spent £4k having PPF put on it due to Matt finished paintwork. Total £62k .....Just sold it for £19k !!! £43k depreciation!! How anyone sees this as financial sense is beyond me.....
How do people end up being this gullible, and I mean you, not your mate. Firstly, the Edition 45 was £48k list, most people paid £45k because of the grant at the time. Secondly, you can’t factor PPF into a depreciation figure. Thirdly, they came out in 2021, so it’s lost (I reckon), 60% over 5 years. Is that really terrible? p1stonhead said:
occasionalranter said:
p1stonhead said:
I had no idea these had gotten this cheap!
30-40k miles can be had just under £30k now.
Very interesting.
If you can live with the range, then early iX 40's are a LOT of car for the money. So quiet, so smooth, huge spec. And hopefully less prone to out-of-warranty expensive faults than X5's....30-40k miles can be had just under £30k now.
Very interesting.
Interesting to see the jump up in prices if you want a 50 instead. I bet most of that is due to the range increase rather than power increase.
Late £20k s seems amazing. May have to go test drive one.
Ever increasing new car costs and the amount of tax being demanded on new cars is just getting ridiculous.
My iX40 on 22" wheels does around 180 to 200 miles in the depths of Winter and 260 miles in perfect Summer conditions, which is absolutely enough for me. I need to use public charging so infrequently, around 6-10 times a year, and it has never been an issue for me, in 6 years of EV ownership.
troika said:
Mikebentley said:
SDK said:
p1stonhead said:
SDK said:
I did my first long trip today since my energy costs reduced by 50%, a 220 mile trip to Wales and back
Total fuel cost £2.20
Just the real world costs of driving a 330bhp massive SUV EV
-> Average efficiency : 3.5 miles per kWh
-> Energy cost : 3.5p kWh
-> Cost per mile : 1p
-> Temp driving there : 4 to 6c
-> Temp driving back : 12 to 13c
That s pretty decent efficiency in this temp. What SUV is it?Total fuel cost £2.20
Just the real world costs of driving a 330bhp massive SUV EV
-> Average efficiency : 3.5 miles per kWh
-> Energy cost : 3.5p kWh
-> Cost per mile : 1p
-> Temp driving there : 4 to 6c
-> Temp driving back : 12 to 13c
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