Affordable family EV
Discussion
Okay so my wife and I consolidated our cars in August 2021. We traded in my 2020 Q3 and her 2018 Countryman for a new 2021 Q5 Sportback. PCP deal was cash deposit, £4700 equity from trade ins, 10k miles pa, £475 per month x 48.
It’s proved to be a costly mistake and we want out.
The car already has over 7k miles on it, and we’re spending £80-£90 per week on fuel, as it’s the 45 TFSI Quattro gas guzzler that rarely achieves anything more than 30mpg.
Bizarrely, because of the distorted market, WBAC vs settlement figure suggests we are £1k in positive equity.
We want to look into switching into a new PCP with an EV which we can charge at home over night at substantially reduced cost.
It needs to be an SUV/cross over, similar in size to the Q5, and fully electric (not hybrid). ‘Premium’ brands preferred but not essential.
What should I be looking at? So far I think the e tron would be out of our price range, but the Q4 e tron might be doable. Any other options?
It’s proved to be a costly mistake and we want out.
The car already has over 7k miles on it, and we’re spending £80-£90 per week on fuel, as it’s the 45 TFSI Quattro gas guzzler that rarely achieves anything more than 30mpg.
Bizarrely, because of the distorted market, WBAC vs settlement figure suggests we are £1k in positive equity.
We want to look into switching into a new PCP with an EV which we can charge at home over night at substantially reduced cost.
It needs to be an SUV/cross over, similar in size to the Q5, and fully electric (not hybrid). ‘Premium’ brands preferred but not essential.
What should I be looking at? So far I think the e tron would be out of our price range, but the Q4 e tron might be doable. Any other options?
The Enyaq is a bit more spacious than the Q4 Etron and arguably has a nicer interior too; the Ioniq 5 and EV6 might be worth a look (although I appreciate none of them is really a "premium brand"!). There's the iX3 but it's pretty expensive for what you get. The Mustang, if you count that as "premium"? Obviously the Tesla-Y; the iPace although it's quite small inside...
ETA: Ah yeah and the EQC. Forgot that one!
ETA: Ah yeah and the EQC. Forgot that one!
We’re coming from a Skoda Kodiaq and also wanted an EV family SUV. We lease our cars and I was planning on getting a Skoda Enyaq but by the time we put all the options on that we wanted the monthly lease was really expensive so started looking at other options and ended up ordering the BMW iX3. It comes fully loaded so is cheaper to lease than a comparatively specced ID4, Enyaq, Q4 etc and cheaper than a iPace, Etron, Eqc. Really nice car and it feels suitably premium as well.
Lease don't buy. It's so much cheaper right now for the cars that the manufacturers can actually deliver. BMW are still subbing leases on their new i EV cars I believe.
Sounds like you need an ix3 or 5.
I'd recommend the eqc or ipace (which I drive) but you can't actually attain one so I won't...
Sounds like you need an ix3 or 5.
I'd recommend the eqc or ipace (which I drive) but you can't actually attain one so I won't...
johnnyreggae said:
Out of interest have you worked out how much that rate of mileage would cost you in electricity ie are you sure the saving would be that big since the cost of electricity has gone up so much ?
My Kona costs about £5 to do 250 miles (it would be cheaper if I charged it on a 5p overnight tariff), my other two cars, one petrol one diesel cost around £50-70 to do the same distance. The money I’m saving on fuel each month more than covers the cost of leasing it as a third car. Edited by 4Q on Friday 3rd December 07:45
johnnyreggae said:
Out of interest have you worked out how much that rate of mileage would cost you in electricity ie are you sure the saving would be that big since the cost of electricity has gone up so much ?
7000 miles at a conservative 3.5miles per kWh and a really expensive tariff at 25p per kWh would cost £500 total. 7000 miles at a better 4 miles per kWh and a cheaper tariff at 15p per kWh would cost £262.50 total.
7000 miles at 4 miles per kWh and a cheaper off-peak tariff at 5p per kWh would cost £87.50 total.
Either way, substantially less than petrol.
AudiMan9000 said:
Okay so my wife and I consolidated our cars in August 2021. We traded in my 2020 Q3 and her 2018 Countryman for a new 2021 Q5 Sportback. PCP deal was cash deposit, £4700 equity from trade ins, 10k miles pa, £475 per month x 48.
It’s proved to be a costly mistake and we want out.
The car already has over 7k miles on it, and we’re spending £80-£90 per week on fuel, as it’s the 45 TFSI Quattro gas guzzler that rarely achieves anything more than 30mpg.
Bizarrely, because of the distorted market, WBAC vs settlement figure suggests we are £1k in positive equity.
We want to look into switching into a new PCP with an EV which we can charge at home over night at substantially reduced cost.
It needs to be an SUV/cross over, similar in size to the Q5, and fully electric (not hybrid). ‘Premium’ brands preferred but not essential.
What should I be looking at? So far I think the e tron would be out of our price range, but the Q4 e tron might be doable. Any other options?
One option would be to split the transactions, rather than try to wrap them as the market is currently so distorted. It’s proved to be a costly mistake and we want out.
The car already has over 7k miles on it, and we’re spending £80-£90 per week on fuel, as it’s the 45 TFSI Quattro gas guzzler that rarely achieves anything more than 30mpg.
Bizarrely, because of the distorted market, WBAC vs settlement figure suggests we are £1k in positive equity.
We want to look into switching into a new PCP with an EV which we can charge at home over night at substantially reduced cost.
It needs to be an SUV/cross over, similar in size to the Q5, and fully electric (not hybrid). ‘Premium’ brands preferred but not essential.
What should I be looking at? So far I think the e tron would be out of our price range, but the Q4 e tron might be doable. Any other options?
Sell the current car for as much as you possibly can. I did this by simply ringing around a series of dealers to get their opening quotes. One stood out from the others by being in the most affluent area that was London and was clearly desperate for stock. They sent people to collect and it was all done. Was paid more than I paid. Like you I had bought the car but it failed to deliver. I bought it for the engine but the car made zero use of it and might as well have just been a 2L turbo diesel.
Anyway, the replacement is going to be an EV but a market that's great for selling obviously is t good for buying. Limited options, delays, price inflation etc so I'm not going to replace it u til the market settles.
I'm using the classic cars but if that hadn't have been appropriate I would have just bought some old diesel estate for a few K and used it while taking my time to strike a deal.
There's a lot to be said for keeping a cheap, old estate wagon on the drive anyway. Can make life much easier.
There’s also the option of renting month by month from On.to which will give you the opportunity to see how you get on with an EV without committing to a long lease. I started with a Zoe which was too small and swapped it a month later for a Hyundai Kona SE then a couple of months later a Kona premium which is much better. It’s a little more expensive per month than a straight lease would be but there’s no deposit and it includes insurance, maintenance and free charging on a number of networks, plus I can hand it back/swap for a different car if something else takes my fancy.
I’m also lucky that I’ve been able to put it through my company as the BIK is almost nil.
I’m also lucky that I’ve been able to put it through my company as the BIK is almost nil.
+1 for trying it through ONTO.com, i did this for a year and tried out three cars. It eases you into things like public charging as you get a good set of cards.
I would vote against the Enyaq as EVs are very software and app dependent and Skoda just don't seem to understand computers, phones or IT. For instance Citigo EVs are stuck with half speed charging whilst the identical kit in Miis and Ups was fixed by their dealers. The Skoda phone app is unreliable and lacks features.
I would vote against the Enyaq as EVs are very software and app dependent and Skoda just don't seem to understand computers, phones or IT. For instance Citigo EVs are stuck with half speed charging whilst the identical kit in Miis and Ups was fixed by their dealers. The Skoda phone app is unreliable and lacks features.
So yet another thread from audiman about a costly mistake.
You lucked out getting out if the q3 you had on no deposit pcp.
then you gave away the equity you had in your mini to get into the q5 that people advised against, and you seemingly now can't afford to run (£80 a week on fuel really doesnt sound that bad seeing as you have gone from 2 cars to 1 and also have less tax, servicing costs etc).
And now you have lucked out on being able to get out of the q5 neutral or with a small amount of equity (forgetting the equity you lost from the mini) so you want yet another pcp with nothing or little down.
Op, I'm not trying to wind you up, but you keep making costly mistakes and the weird 2nd hand market has saved you! My friendly advice is to change what you are doing, before your luck runs out.
Anyway, it's none of my business, and as I say, I'm really not trying to be clever or bash you. I myself have made mistakes changing cars on more than 1 occasion .
You lucked out getting out if the q3 you had on no deposit pcp.
then you gave away the equity you had in your mini to get into the q5 that people advised against, and you seemingly now can't afford to run (£80 a week on fuel really doesnt sound that bad seeing as you have gone from 2 cars to 1 and also have less tax, servicing costs etc).
And now you have lucked out on being able to get out of the q5 neutral or with a small amount of equity (forgetting the equity you lost from the mini) so you want yet another pcp with nothing or little down.
Op, I'm not trying to wind you up, but you keep making costly mistakes and the weird 2nd hand market has saved you! My friendly advice is to change what you are doing, before your luck runs out.
Anyway, it's none of my business, and as I say, I'm really not trying to be clever or bash you. I myself have made mistakes changing cars on more than 1 occasion .
Edited by covmutley on Friday 3rd December 09:52
Edited by covmutley on Friday 3rd December 09:53
covmutley said:
So yet another thread from audiman about a costly mistake.
You lucked out getting out if the q3 you had on no deposit pcp.
then you gave away the equity you had in your mini to get into the q5 that people advised against, and you seemingly now can't afford to run (£80 a week on fuel really doesnt sound that bad seeing as you have gone from 2 cars to 1 and also have less tax, servicing costs etc).
And now you have lucked out on being able to get out of the q5 neutral or with a small amount of equity (forgetting the equity you lost from the mini) so you want yet another pcp with nothing or little down.
Op, I'm not trying to wind you up, but you keep making costly mistakes and the weird 2nd hand market has saved you! My friendly advice is to change what you are doing, before your luck runs out.
Anyway, it's none of my business, and as I say, I'm really not trying to be clever or bash you. I myself have made mistakes changing cars on more than 1 occasion .
Yes you’re absolutely right. In my defence, at least this car is getting fully used, we only have 1 car between us, and the monthly is slightly less than my Q3. I knew it wouldn’t be economical, but the petrol cost is bleeding me dry. If it wasn’t positive equity, I wouldn’t try to get out of it, and would just take the petrol hit until later in the deal when it eventually broke even. Another thing to say is it’s not just me buying random cars for myself. It’s a family car, therefore I’m restricted to it being big. As for Audi, I’m now onto my 3rd one. All I can say is, the other dealerships have been extremely poor in terms of the car shopping experience, that it’s always been much much easier to go into Audi who get you sorted no problem.You lucked out getting out if the q3 you had on no deposit pcp.
then you gave away the equity you had in your mini to get into the q5 that people advised against, and you seemingly now can't afford to run (£80 a week on fuel really doesnt sound that bad seeing as you have gone from 2 cars to 1 and also have less tax, servicing costs etc).
And now you have lucked out on being able to get out of the q5 neutral or with a small amount of equity (forgetting the equity you lost from the mini) so you want yet another pcp with nothing or little down.
Op, I'm not trying to wind you up, but you keep making costly mistakes and the weird 2nd hand market has saved you! My friendly advice is to change what you are doing, before your luck runs out.
Anyway, it's none of my business, and as I say, I'm really not trying to be clever or bash you. I myself have made mistakes changing cars on more than 1 occasion .
Edited by covmutley on Friday 3rd December 09:52
Edited by covmutley on Friday 3rd December 09:53
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