New EV arriving soon. What to do with current car?
Discussion
Slightly off-topic, but EV related.
I’ve got an ID.3 arriving next Thursday. It’s being bought through my company as the tax deals are too good to ignore at the moment.
My dilemma is what to do with my existing car. It’s a 69 plate BMW 320i which I’ve managed to get less than 5000 miles on from new thanks to the lockdown. It’s paid in full and I have no problems with it whatsoever.
My initial thought was to chop it into WBAC. They’ve offered £25,500 for it, which is not too much less than I paid for it last year (it was a pre-reg with a massive discount). But now I’m wondering if I should hang on to it so I’d have it if any longer journeys are needed where I don’t want to fart about with charging en route. Downsides of that are the costs of insuring it and taxing it and future depreciation of course. I suppose it would cost less for me to hire a car for any trips that I didn’t want to use the ID.3 for though.
What should I do?
I’ve got an ID.3 arriving next Thursday. It’s being bought through my company as the tax deals are too good to ignore at the moment.
My dilemma is what to do with my existing car. It’s a 69 plate BMW 320i which I’ve managed to get less than 5000 miles on from new thanks to the lockdown. It’s paid in full and I have no problems with it whatsoever.
My initial thought was to chop it into WBAC. They’ve offered £25,500 for it, which is not too much less than I paid for it last year (it was a pre-reg with a massive discount). But now I’m wondering if I should hang on to it so I’d have it if any longer journeys are needed where I don’t want to fart about with charging en route. Downsides of that are the costs of insuring it and taxing it and future depreciation of course. I suppose it would cost less for me to hire a car for any trips that I didn’t want to use the ID.3 for though.
What should I do?
Silverage said:
Slightly off-topic, but EV related.
My initial thought was to chop it into WBAC. They’ve offered £25,500 for it, which is not too much less than I paid for it last year (it was a pre-reg with a massive discount). But now I’m wondering if I should hang on to it so I’d have it if any longer journeys are needed where I don’t want to fart about with charging en route. Downsides of that are the costs of insuring it and taxing it and future depreciation of course. I suppose it would cost less for me to hire a car for any trips that I didn’t want to use the ID.3 for though.
What should I do?
Answers in bold My initial thought was to chop it into WBAC. They’ve offered £25,500 for it, which is not too much less than I paid for it last year (it was a pre-reg with a massive discount). But now I’m wondering if I should hang on to it so I’d have it if any longer journeys are needed where I don’t want to fart about with charging en route. Downsides of that are the costs of insuring it and taxing it and future depreciation of course. I suppose it would cost less for me to hire a car for any trips that I didn’t want to use the ID.3 for though.
What should I do?
ol said:
Sell privately, and then with the extra money you'll get over WBAC you have a hire car pot for when you need to do longer journeys.
I’m happy enough with the WBAC offer, so I think I’m best off going for that. There’s no real sense in keeping it. The tax alone is almost £500 per year, add in another £300 for insurance and that covers a lot of hire cars. I suppose if I was sick of the EV after a couple of years, it’s not like I wouldn’t be able to go out and buy another BMW.Gassing Station | EV and Alternative Fuels | Top of Page | What's New | My Stuff