New Car Purchase - For Long Term Ownership?
Discussion
'ello
VW Passat GT owner currently, looking at a new Tiguan. Daughter finishes nursery this summer so have a bit more disposable income to play with. Always said once in my life, would like a brand new motor - and keep it in the family for a long time. Spec it out to my taste and build in the toys. I've been VW all my driving days - Golf -> Bora -> Passat Saloon -> Passat Estate - so Tiguan seems next step. Please don't bash me for liking VW's....
Been playing with specs, trims, engines - and got my eye on a Tiguan Elegance.
Popped in to see VW dealer at weekend - Valued my Passat - 6k equity after finance settlement (was minimal in Nov 2020!). Took eTiguan for a test drive. I liked it.
Two options. Not considering diesel as i don't do the mileage for it any more.
eHybrid or Petrol.
Yeah, lead times are 50 weeks just now - but dealer will lock in equity if i place order and VWFS have confirmed current finance can be extended until a new motor is delivered. I'm in no rush.
Here's the dilema. Long term ownership....
Either option
+ Cheaper finance rate
+ Brand spanky new motor
+ Manufacturer Contribution
+ Spec exactly as i want it
+ In terms of price, not much more expensive than a nearly new equivalent model today.
- Long lead times, but can wait.
eHybrid
+ More economical for shorter journeys - which we do a lot of these days
+ Nippy acceleration
+ More "eco friendly"
+ Best of both worlds
- Pricey - 5k more than equivalent petrol only
- Uncertainty on battery longevity in say 5 / 7 / 10yrs time?
- Humping around batteries on longer journeys with a 1.4 TSI
- With options, takes price over the 40k "Luxury VED Tax" for years 2-6
- Government grant for EV chargers ending, so extra cost to get installed.
Petrol
+ Cheaper to buy vehicle
+ No battery issues
+ Does what it says on the tin
+ Bigger fuel tank
+ Could get bigger petrol engine for same price as Hybrid.
- More expensive to run - Petrol only, and prisoner to ever increasing petrol prices
- Not eco friendly in eyes of the Government
I guess my biggest concern in buying a new car for long term ownership is what will happen in say 8 years when government ban sale of new Petrol cars. Will tax on Petrol increase dramatically in efforts to get vehicles off the road and onto EV's? I used to be a heavy smoker so well aware of tactics.
Pure EV's are still early tech (and pricey) in my opinion and i'm not yet convinced - plus no EV only Tiguan - just the ID4 or ID5 (50k starting price!!)
So... If you were buying a new car today for long term ownership (any manufacturer) - Would you place your bets on Hybrid or Petrol?
High cost of hybrid vehicle pushing list price over the £40k Additional VED and incurring extra tax - i just don't get.
Had my heart sit on Hybrid - but weighing up the costs, i'm now thinking good old petrol - Just nervous about the long term practicalities of petrol - say 10+ years - much higher costs to discourage usage? Less places to go fill up?
If i was leasing, i'd be jumping on the Hybrid. But looking for long term ownership - maybe i'm just being daft for considering that...?
Or perhaps i just keep the current Passat (great car) and see what happens over the next couple of years?
What would you do?
VW Passat GT owner currently, looking at a new Tiguan. Daughter finishes nursery this summer so have a bit more disposable income to play with. Always said once in my life, would like a brand new motor - and keep it in the family for a long time. Spec it out to my taste and build in the toys. I've been VW all my driving days - Golf -> Bora -> Passat Saloon -> Passat Estate - so Tiguan seems next step. Please don't bash me for liking VW's....
Been playing with specs, trims, engines - and got my eye on a Tiguan Elegance.
Popped in to see VW dealer at weekend - Valued my Passat - 6k equity after finance settlement (was minimal in Nov 2020!). Took eTiguan for a test drive. I liked it.
Two options. Not considering diesel as i don't do the mileage for it any more.
eHybrid or Petrol.
Yeah, lead times are 50 weeks just now - but dealer will lock in equity if i place order and VWFS have confirmed current finance can be extended until a new motor is delivered. I'm in no rush.
Here's the dilema. Long term ownership....
Either option
+ Cheaper finance rate
+ Brand spanky new motor
+ Manufacturer Contribution
+ Spec exactly as i want it
+ In terms of price, not much more expensive than a nearly new equivalent model today.
- Long lead times, but can wait.
eHybrid
+ More economical for shorter journeys - which we do a lot of these days
+ Nippy acceleration
+ More "eco friendly"
+ Best of both worlds
- Pricey - 5k more than equivalent petrol only
- Uncertainty on battery longevity in say 5 / 7 / 10yrs time?
- Humping around batteries on longer journeys with a 1.4 TSI
- With options, takes price over the 40k "Luxury VED Tax" for years 2-6
- Government grant for EV chargers ending, so extra cost to get installed.
Petrol
+ Cheaper to buy vehicle
+ No battery issues
+ Does what it says on the tin
+ Bigger fuel tank
+ Could get bigger petrol engine for same price as Hybrid.
- More expensive to run - Petrol only, and prisoner to ever increasing petrol prices
- Not eco friendly in eyes of the Government
I guess my biggest concern in buying a new car for long term ownership is what will happen in say 8 years when government ban sale of new Petrol cars. Will tax on Petrol increase dramatically in efforts to get vehicles off the road and onto EV's? I used to be a heavy smoker so well aware of tactics.
Pure EV's are still early tech (and pricey) in my opinion and i'm not yet convinced - plus no EV only Tiguan - just the ID4 or ID5 (50k starting price!!)
So... If you were buying a new car today for long term ownership (any manufacturer) - Would you place your bets on Hybrid or Petrol?
High cost of hybrid vehicle pushing list price over the £40k Additional VED and incurring extra tax - i just don't get.
Had my heart sit on Hybrid - but weighing up the costs, i'm now thinking good old petrol - Just nervous about the long term practicalities of petrol - say 10+ years - much higher costs to discourage usage? Less places to go fill up?
If i was leasing, i'd be jumping on the Hybrid. But looking for long term ownership - maybe i'm just being daft for considering that...?
Or perhaps i just keep the current Passat (great car) and see what happens over the next couple of years?
What would you do?
Edited by retro.kid on Tuesday 22 February 22:08
:-)
Normally like "retro" things, i'm an old fart now. hahaha. But on car front looking for something new for a good long ownership.
Ironically, missus wants an old Beetle, so been watching for a while.
Personally myself, i do want on old Campervan by time i retire. If i can afford the petrol :-)
Normally like "retro" things, i'm an old fart now. hahaha. But on car front looking for something new for a good long ownership.
Ironically, missus wants an old Beetle, so been watching for a while.
Personally myself, i do want on old Campervan by time i retire. If i can afford the petrol :-)
Just my opinion but buy the petrol.
Any EV you buy today will be hopelessly out dated in ten years and I can't see the ban on IC engines happening in 2030 It will be just like the ban on gas boilers and just get pushed back repeatedly.
The cost to buy and lack of charging infrastructure will hold back the take up of new EV's for the masses
And try to keep the cost of your new car under the high tax limit if you can, nobody needs to be paying all that extra for a car that's just over.
Any EV you buy today will be hopelessly out dated in ten years and I can't see the ban on IC engines happening in 2030 It will be just like the ban on gas boilers and just get pushed back repeatedly.
The cost to buy and lack of charging infrastructure will hold back the take up of new EV's for the masses
And try to keep the cost of your new car under the high tax limit if you can, nobody needs to be paying all that extra for a car that's just over.
Thank you. I have to admit this is now my gut feeling. Can understand diesel following out of love, but i guess there are millions of petrol cars in use and bought up to (at least 2030), so the infrastructure has to be there in one way or another.
Shame - i'd love to get involved in EV one way or another, but i don't think it's cost effective, just yet - and the tech is still relatively new.
Shame - i'd love to get involved in EV one way or another, but i don't think it's cost effective, just yet - and the tech is still relatively new.
The mild hybrid fuel savings will be negligible, doesn't warrant the additional 5k cost.
Could see the argument for phev, but after 5-6 yrs the electric only range will drop significantly + I can't see electric prices coming down enough for any fuel Vs electric savings.
Hybrids and petrol engine will be in the same boat by end of the decade, ie they want full EVs on road. Makes no sense getting halfway house hybrid for long term value.
You're right about current EVs for long term prospects, you are paying for short term novelty of early new tech.
In which case obvious answer is petrol engine if you are definitely keeping it more than 5 yrs.
Ps the Tiguan is a fantastic, have had several as a company car whilst working at VW. I would consider SEAT and Skoda alternatives, they're the same. The kodiaq is similar money and bigger
Could see the argument for phev, but after 5-6 yrs the electric only range will drop significantly + I can't see electric prices coming down enough for any fuel Vs electric savings.
Hybrids and petrol engine will be in the same boat by end of the decade, ie they want full EVs on road. Makes no sense getting halfway house hybrid for long term value.
You're right about current EVs for long term prospects, you are paying for short term novelty of early new tech.
In which case obvious answer is petrol engine if you are definitely keeping it more than 5 yrs.
Ps the Tiguan is a fantastic, have had several as a company car whilst working at VW. I would consider SEAT and Skoda alternatives, they're the same. The kodiaq is similar money and bigger
Yeah - Was working out if the £5k 'premium' extra cost over conventional Petrol list price is actually worth it.
£5k is a lot of petrol.
Based on £5k, say £1.50 a litre currently for petrol at the local garage = 3333 litres = 733 Gallons
Say an average 34mpg = 25000ish 'free' miles available before the price reaches the list price of eHybrid with 0 miles driving.?
(If my sums are right)
I know - More mpg = more miles. Higher Petrol costs = less miles, but give or take a rough idea. Hmmm.
£5k is a lot of petrol.
Based on £5k, say £1.50 a litre currently for petrol at the local garage = 3333 litres = 733 Gallons
Say an average 34mpg = 25000ish 'free' miles available before the price reaches the list price of eHybrid with 0 miles driving.?
(If my sums are right)
I know - More mpg = more miles. Higher Petrol costs = less miles, but give or take a rough idea. Hmmm.
If it was me - and I’m paying for the car (HP or cash) I’d buy petrol.
If it was PCP or lease - I’d get electric.
As given the issue in future with the battery losing charge or the “diesel emissions” style scandal that will hit electric car battery disposal/recycling I wouldn’t want to own an electric car. I would lease or PCP it though
Even if no new petrol cars are sold in 2030 there will be loads of people driving around in used cars. I still drive a 22 year old VW Golf!
If it was PCP or lease - I’d get electric.
As given the issue in future with the battery losing charge or the “diesel emissions” style scandal that will hit electric car battery disposal/recycling I wouldn’t want to own an electric car. I would lease or PCP it though
Even if no new petrol cars are sold in 2030 there will be loads of people driving around in used cars. I still drive a 22 year old VW Golf!
retro.kid said:
Pure EV's are still early tech (and pricey) in my opinion and i'm not yet convinced - plus no EV only Tiguan - just the ID4 or ID5 (50k starting price!!)
Thought I'd comment on this. Long term you are less likely to have issues with a full EV than a Hybrid I'd suggest, the usage cycle on small hybrid batteries doesn't really suit the technology over the long term and battery management systems are often poor.Also, assuming you are in the UK, the ID3 and ID4 start at £35k, or £3.5k cheaper than the Tiguan Hybrid. £50k would get you a top of the line ID4 MAX. The ID5 is a bigger car and closer in comparison to the Touareg.
Edited by SWoll on Wednesday 23 February 08:52
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