Volvo XC40 Recharge - £60k?

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Discussion

SWoll

Original Poster:

18,449 posts

259 months

Sunday 4th October 2020
quotequote all
Surprised this thread hasn't ended up in here as with all other things EV.

https://www.pistonheads.com/news/ph-driven/volvo-x...

£13k more than the Polestar 2 and almost £20k more than the top of the range XC40 hybrid.

Seems rather expensive for a heavy, shared platform and relatively inefficient vehicle in a size class below the model Y, iX3, EQC, E-Tron. Thoughts?

Trevor555

4,457 posts

85 months

Sunday 4th October 2020
quotequote all
I think anyone would be mad to drop that sort of cash on an electric car right now.

£60,000

It'll charge to 80% in 40 minutes.

In two, or three years I'm sure technology will have moved on and elec cars will be charging to 80% in much less time.

So unless I was assured I could upgrade my battery system I'll presume that my £60,000 out of date EV will be worth much, much, less.

Evanivitch

20,145 posts

123 months

Sunday 4th October 2020
quotequote all
Trevor555 said:
I think anyone would be mad to drop that sort of cash on an electric car right now.

£60,000

It'll charge to 80% in 40 minutes.

In two, or three years I'm sure technology will have moved on and elec cars will be charging to 80% in much less time.

So unless I was assured I could upgrade my battery system I'll presume that my £60,000 out of date EV will be worth much, much, less.
Well all cars depreciate, that's not really an EV thing...

hyphen

26,262 posts

91 months

Sunday 4th October 2020
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ash73 said:
Price is ridiculous.

500kg weight increase over ICE version also ridiculous...


And if you're going to get rid of the grille at last put some thought into it rolleyes
RRP is just that, the lease monthly price is the only one that matters.

What percentage of XC40 buyers do you think know the weight of the car?

They have put thought into the grill, as its shaped and angled like the rest of the car, rather than a flat piece. I doubt many buyers will care regardless.

It's an XC40 ash,destined to be driven mostly by mums.

SWoll

Original Poster:

18,449 posts

259 months

Sunday 4th October 2020
quotequote all
Where I really struggle is the £13k increase over the Polestar 2 with the same battery + drive train and a nicer interior. It's barely any more practical and in every other way appears a worse vehicle yet gets a 25%+ price hike?



How much are they going to be asking for the Polestar 3 I wonder as a far more appealing vehicle I would suggest than the XC40 that I expected would be around £60k?


Evanivitch

20,145 posts

123 months

Sunday 4th October 2020
quotequote all
SWoll said:
Where I really struggle is the £13k increase over the Polestar 2 with the same battery + drive train and a nicer interior. It's barely any more practical and in every other way appears a worse vehicle yet gets a 25%+ price hike?



How much are they going to be asking for the Polestar 3 I wonder as a far more appealing vehicle I would suggest than the XC40 that I expected would be around £60k?

Simple, one is manufactured in China. One is manufactured in Belgium.

off_again

12,340 posts

235 months

Sunday 4th October 2020
quotequote all
Interesting! That price is too high. Pricing isnt released here in the US, but a number of outlets are guessing lower based on comments from Bolvo.

https://www.caranddriver.com/volvo/xc40-recharge

Other outlets are suggesting an expected $55k price, which seems to be on the money when compared to the Model Y. Volvo still gets the full federal grant, which brings it below the MY and it will be a higher spec.

60k in the UK? Yeah that seems stupid.

jason61c

5,978 posts

175 months

Sunday 4th October 2020
quotequote all
It’s a bonkers price isn’t it!

Especially as polestar is suppose to be the performance and prestige range from Volvo.

Hope they don’t keep hiking the prices?

Good colour though

SWoll

Original Poster:

18,449 posts

259 months

Sunday 4th October 2020
quotequote all
off_again said:
Interesting! That price is too high. Pricing isnt released here in the US, but a number of outlets are guessing lower based on comments from Bolvo.

https://www.caranddriver.com/volvo/xc40-recharge

Other outlets are suggesting an expected $55k price, which seems to be on the money when compared to the Model Y. Volvo still gets the full federal grant, which brings it below the MY and it will be a higher spec.

60k in the UK? Yeah that seems stupid.
I thought the MY LR was < $50k whilst being a class above size wise and having much better range?

Smiljan

10,882 posts

198 months

Sunday 4th October 2020
quotequote all
https://www.volvocars.com/uk/care-by-volvo/cars/?f...

I'd love to know what Volvo Uk are smoking at the moment. Only £999 a month on their new Volvo Subscription scheme.

Why does it weigh so much, cost so much and struggle to do 200 miles with a massive 78kWh battery? Bonkers.

I've had a few diesel XC40 rentals on my German travels and they are fine cars to be in but £60k for this is totally ridiculous.

hyphen

26,262 posts

91 months

Sunday 4th October 2020
quotequote all
91% of cars in the UK are sold on finance. Get away from looking at the RRP and look at monthlies - if the take up is low, they will drop the price.

Also 0% BIK means company car drivers will opt for it too and the company will pay up.

Does the £999 a month include maintenance and insurance etc? As Evezy (or whatever they care called now) charge £999pm for a Model 3p

Edited by hyphen on Sunday 4th October 21:09

SWoll

Original Poster:

18,449 posts

259 months

Sunday 4th October 2020
quotequote all
hyphen said:
91% of cars in the UK are sold on finance. Get away from looking at the RRP and look at monthlies - if the take up is low, they will drop the price.

Also 0% BIK means company car drivers will opt for it too and the company will pay up.

Does the £999 a month include maintenance and insurance etc? As Evezy (or whatever they care called now) charge £999pm for a Model 3p

Edited by hyphen on Sunday 4th October 21:09
No insurance, 6k miles per year, no charging, 3 months notice after first month.

Evezy m3P, 12k miles per year, free public charging, 14 days notice. And some of us get all that for £799 a month. wink

Edited by SWoll on Sunday 4th October 21:30

Smiljan

10,882 posts

198 months

Sunday 4th October 2020
quotequote all
I know it’s nuts isn’t it?

Smiljan

10,882 posts

198 months

Sunday 4th October 2020
quotequote all
Smiljan said:
I know it’s nuts isn’t it?
£800 a month for a Model 3 is pretty hard to swallow let alone £1k for this thing. Is evezy still going?

SWoll

Original Poster:

18,449 posts

259 months

Sunday 4th October 2020
quotequote all
Smiljan said:
Smiljan said:
I know it’s nuts isn’t it?
£800 a month for a Model 3 is pretty hard to swallow let alone £1k for this thing. Is evezy still going?
£799 a month for a model 3 P with everything included and no commitment beyond 14 days is a bargain and perfect for the current uncertain climate for us. Have a look at the cost to just lease one with a 3 year+ commitment and 10k miles per year.



Yep, OnTo as they are now called are going well from the look of it. Got a few hundred subscribers now, we've had cars from them since April 2019.

Edited by SWoll on Sunday 4th October 21:49

Smiljan

10,882 posts

198 months

Sunday 4th October 2020
quotequote all
I’ve just looked Evezy have been renamed to on.to and it’s £999 for the Model 3 P now.

By hard to swallow I meant it’s a lot of money a month to shell out. I’d struggle to call it a bargain but I guess it depends how much you earn.

SWoll

Original Poster:

18,449 posts

259 months

Sunday 4th October 2020
quotequote all
Smiljan said:
I’ve just looked Evezy have been renamed to on.to and it’s £999 for the Model 3 P now.

By hard to swallow I meant it’s a lot of money a month to shell out. I’d struggle to call it a bargain but I guess it depends how much you earn.
Compared to other methods of financing it I consider OnTo it a bargain is what I mean.

We ordered ours very early at the original £799 price before they hiked it up at the end of last year and have been guaranteed to retain that price for as long as we keep the car.

off_again

12,340 posts

235 months

Monday 5th October 2020
quotequote all
SWoll said:
I thought the MY LR was < $50k whilst being a class above size wise and having much better range?
Nah, base price with no extras (eg wheels and any color other than white) is $49,990. Tesla, and to be fair others, keep showing prices with anticipated savings, which confuses the hell out of buyers.

And I think I mentioned it before, but that’s a pre tax, delivery and any grants applied. Tax and registration is another $4,400 here in California and if you take delivery before the end of the year, you should get around $1700 back in tax savings; other benefits are available.

So no, it’s not a sub-50k car. It’s a base 50k with a bunch load of other costs applied which will bring it to a $53k car (before any extras). That said, it’s not a $78k car - that’s $50k to GBP at current exchange rates!!!! For that you can get a fully stocked MYP which is a very different beast.

Now, if the XC40 recharge is $50k with extras, and a full federal tax benefit, it’s a much better proposition. Clearly the MY has more performance and a better range, but hey, the 2.4l RAV4 has been a top seller here for years, and that’s far from the best car in the market - just goes to show that these metrics aren’t necessarily key buying criteria for some.

SWoll

Original Poster:

18,449 posts

259 months

Monday 5th October 2020
quotequote all
ash73 said:
Smiljan said:
£800 a month for a Model 3 is pretty hard to swallow let alone £1k for this thing.
Agree, I like the Tesla but EV prices are nuts.
Take into account for the deal I got that's total cost including insurance, charging, tyres and maintenance and I can drop it within 14 days should I need/want to.

You'd struggle to lease, maintain, insure and fuel a 320d for 12k miles per year for that on a 2 year contract at current prices.


Smiljan

10,882 posts

198 months

Monday 5th October 2020
quotequote all
I understand all that but £1k a month is nuts. That's mortgage money - madness. Volvo know what they're doing I'm sure but who are their customers?

Rich school run mums I'm guessing.