£12k used EV or £300pcm new?
Discussion
Thought I would seek some opinions on whether you d purchase a used EV or lease/PCP something new for the same amount over 3 years?
This will replace a petrol auto Skoda Kodiaq that has done between 5-7000 miles a year for the last 4 years. Mainly town/urban driven and occasional airport runs (twice a year) or UK holidays (150-200 miles). It s fine but the need for 7 seat use has diminished and the kids are now (young) teenagers so them nor their friends won’t fit in the rear row
I m using this as an excuse to buy another Transporter for myself alongside my 911 (996) so motorway use, holidays etc are covered
The budget is for a small ish car must be hatchback and auto and for use I m thinking an EV
New Panda and R5 appeal but deemed too small in the rear seat
So new option favourite is a Renault 4, I think the Frontera is also a bargain alternative but less ‘cool’
But am I just as well off with a used EV which seems like a minefield of choice ie ID3, various KIA and Hyundai options etc. Model Y out of budget and Model 3 doesn t meet the hatch brief
This will replace a petrol auto Skoda Kodiaq that has done between 5-7000 miles a year for the last 4 years. Mainly town/urban driven and occasional airport runs (twice a year) or UK holidays (150-200 miles). It s fine but the need for 7 seat use has diminished and the kids are now (young) teenagers so them nor their friends won’t fit in the rear row
I m using this as an excuse to buy another Transporter for myself alongside my 911 (996) so motorway use, holidays etc are covered
The budget is for a small ish car must be hatchback and auto and for use I m thinking an EV
New Panda and R5 appeal but deemed too small in the rear seat
So new option favourite is a Renault 4, I think the Frontera is also a bargain alternative but less ‘cool’
But am I just as well off with a used EV which seems like a minefield of choice ie ID3, various KIA and Hyundai options etc. Model Y out of budget and Model 3 doesn t meet the hatch brief
Dadof2 said:
Thought I would seek some opinions on whether you d purchase a used EV or lease/PCP something new for the same amount over 3 years?
This will replace a petrol auto Skoda Kodiaq that has done between 5-7000 miles a year for the last 4 years. Mainly town/urban driven and occasional airport runs (twice a year) or UK holidays (150-200 miles). It s fine but the need for 7 seat use has diminished and the kids are now (young) teenagers so them nor their friends won t fit in the rear row
I m using this as an excuse to buy another Transporter for myself alongside my 911 (996) so motorway use, holidays etc are covered
The budget is for a small ish car must be hatchback and auto and for use I m thinking an EV
New Panda and R5 appeal but deemed too small in the rear seat
So new option favourite is a Renault 4, I think the Frontera is also a bargain alternative but less cool
But am I just as well off with a used EV which seems like a minefield of choice ie ID3, various KIA and Hyundai options etc. Model Y out of budget and Model 3 doesn t meet the hatch brief
C3 Aircross? https://leasing.com/independent-brokers/dreamlease...This will replace a petrol auto Skoda Kodiaq that has done between 5-7000 miles a year for the last 4 years. Mainly town/urban driven and occasional airport runs (twice a year) or UK holidays (150-200 miles). It s fine but the need for 7 seat use has diminished and the kids are now (young) teenagers so them nor their friends won t fit in the rear row
I m using this as an excuse to buy another Transporter for myself alongside my 911 (996) so motorway use, holidays etc are covered
The budget is for a small ish car must be hatchback and auto and for use I m thinking an EV
New Panda and R5 appeal but deemed too small in the rear seat
So new option favourite is a Renault 4, I think the Frontera is also a bargain alternative but less cool
But am I just as well off with a used EV which seems like a minefield of choice ie ID3, various KIA and Hyundai options etc. Model Y out of budget and Model 3 doesn t meet the hatch brief
Under £200 pm
Not a hatchback. But then neither is the R4
Take advantage of a good value lease deal on a brand new EV before the end of March.
The EV market is still evolving, and with solid state batteries coming to the MG4 Urban at the end of the year, I wouldn't want to dump cash into buying an EV (unless you plan to just run it into the ground) as I don't believe that we can accurately forecast EV depreciation in years to come.
The EV market is still evolving, and with solid state batteries coming to the MG4 Urban at the end of the year, I wouldn't want to dump cash into buying an EV (unless you plan to just run it into the ground) as I don't believe that we can accurately forecast EV depreciation in years to come.
We basically did this deal in 2023.
We bought a 2018 leaf for £12k. Maybe it's worth £5k now.
So £7k depreciation in 3 years, which is 7000 / 36 = £195 pcm. We've still got the car and we're keeping it.
It will go on for years and years if we want it to, and it's less nice than the Ford Capri I could have had off the leasing thread this week for £275 pcm.
Basically it's how much do you want to spend and how nice a car do you want. Inexpensive EVs are generally very good value for money generally to my mind, especially when you bear in mind the per-mile energy costs vs ICE.
We bought a 2018 leaf for £12k. Maybe it's worth £5k now.
So £7k depreciation in 3 years, which is 7000 / 36 = £195 pcm. We've still got the car and we're keeping it.
It will go on for years and years if we want it to, and it's less nice than the Ford Capri I could have had off the leasing thread this week for £275 pcm.
Basically it's how much do you want to spend and how nice a car do you want. Inexpensive EVs are generally very good value for money generally to my mind, especially when you bear in mind the per-mile energy costs vs ICE.
raspy said:
Take advantage of a good value lease deal on a brand new EV before the end of March.
The EV market is still evolving, and with solid state batteries coming to the MG4 Urban at the end of the year, I wouldn't want to dump cash into buying an EV (unless you plan to just run it into the ground) as I don't believe that we can accurately forecast EV depreciation in years to come.
Unless you think a 7 year old, 50k miles EV is going to be worthless in 3 years time it's still a valid approach in comparison to a lease for the same cost.The EV market is still evolving, and with solid state batteries coming to the MG4 Urban at the end of the year, I wouldn't want to dump cash into buying an EV (unless you plan to just run it into the ground) as I don't believe that we can accurately forecast EV depreciation in years to come.
The MG4 urban has what is being described as a "semi-solid state" battery which appears to offer very limited benefits over current tech. I don't see it moving the needle on used EV's personally.
raspy said:
Take advantage of a good value lease deal on a brand new EV before the end of March.
The EV market is still evolving, and with solid state batteries coming to the MG4 Urban at the end of the year, I wouldn't want to dump cash into buying an EV (unless you plan to just run it into the ground) as I don't believe that we can accurately forecast EV depreciation in years to come.
I would say it depends. Some companies have in recent times dumped or EOL entire lines, therefore discounting their EVs. So you could get new models with a price tag similar to what they'd cost after 12 moths. The iPace and the Eny1 are the ones I remember.The EV market is still evolving, and with solid state batteries coming to the MG4 Urban at the end of the year, I wouldn't want to dump cash into buying an EV (unless you plan to just run it into the ground) as I don't believe that we can accurately forecast EV depreciation in years to come.
One thing that you may want to do is focus on USED EVs that have some residual warranties - personally I am not a fan of buying a car w/o warranty. Toyota (10 years) and Kia (7 years) are the ones I'd focus on. Nissan is only 3 years.
Pistonheadsdicoverer said:
I would say it depends. Some companies have in recent times dumped or EOL entire lines, therefore discounting their EVs. So you could get new models with a price tag similar to what they'd cost after 12 moths. The iPace and the Eny1 are the ones I remember.
One thing that you may want to do is focus on USED EVs that have some residual warranties - personally I am not a fan of buying a car w/o warranty. Toyota (10 years) and Kia (7 years) are the ones I'd focus on. Nissan is only 3 years.
Many manufacturers offer official extended warranties at a cost. We've got one on ours.One thing that you may want to do is focus on USED EVs that have some residual warranties - personally I am not a fan of buying a car w/o warranty. Toyota (10 years) and Kia (7 years) are the ones I'd focus on. Nissan is only 3 years.
Glad others have had the same thought process
The lease is a known cost and newest tech etc used purchase means older technology and more risk of stuff going wrong
The used means you ‘gain’ from the massive depreciation and might have something left at the end to part ex into something else (but I’d buy outright so less cash in the bank for other stuff)
Small SUV would be the preferred vehicle type so R4, Aircross C3 etc are all options. I actually saw a Frontera for the first time today and it looked good. Small battery limiting range is off putting but realistically no issue for our use case
The lease is a known cost and newest tech etc used purchase means older technology and more risk of stuff going wrong
The used means you ‘gain’ from the massive depreciation and might have something left at the end to part ex into something else (but I’d buy outright so less cash in the bank for other stuff)
Small SUV would be the preferred vehicle type so R4, Aircross C3 etc are all options. I actually saw a Frontera for the first time today and it looked good. Small battery limiting range is off putting but realistically no issue for our use case
Dadof2 said:
Glad others have had the same thought process
The lease is a known cost and newest tech etc used purchase means older technology and more risk of stuff going wrong
The used means you gain from the massive depreciation and might have something left at the end to part ex into something else (but I d buy outright so less cash in the bank for other stuff)
Small SUV would be the preferred vehicle type so R4, Aircross C3 etc are all options. I actually saw a Frontera for the first time today and it looked good. Small battery limiting range is off putting but realistically no issue for our use case
There's something else. You don't need to have the capital to get the car when you lease. You do when you PCP or HP. And it's not cheap!The lease is a known cost and newest tech etc used purchase means older technology and more risk of stuff going wrong
The used means you gain from the massive depreciation and might have something left at the end to part ex into something else (but I d buy outright so less cash in the bank for other stuff)
Small SUV would be the preferred vehicle type so R4, Aircross C3 etc are all options. I actually saw a Frontera for the first time today and it looked good. Small battery limiting range is off putting but realistically no issue for our use case
Frontera is on £175 per month for two years and you may get some nice goodies. https://www.vauxhall.co.uk/offers-finance/electric...
Pistonheadsdicoverer said:
There's something else. You don't need to have the capital to get the car when you lease. You do when you PCP or HP. And it's not cheap!
Frontera is on £175 per month for two years and you may get some nice goodies. https://www.vauxhall.co.uk/offers-finance/electric...
Yep. if your requirement is s small, relatively cheap runabout, some of the deals out there at the moment are frankly ridiculous.Frontera is on £175 per month for two years and you may get some nice goodies. https://www.vauxhall.co.uk/offers-finance/electric...
There is no right or wrong here.
It generally costs more to drive a nice new shiny car, it's usually more cost effective to drive something older.
Things to consider, that used car makes financial sense until something major goes wrong, this may not happen and you could be quids in.
If you are happy taking a risk and want to save money, go used!
It generally costs more to drive a nice new shiny car, it's usually more cost effective to drive something older.
Things to consider, that used car makes financial sense until something major goes wrong, this may not happen and you could be quids in.
If you are happy taking a risk and want to save money, go used!
Given the choice of new the New Panda, R5, or Renault 4, maybe the R5 that maybe because I am a bit of a snob, but that is my view.
Second hand a 3year old MG4 or Nissan leaf. In term of getting fixed the leaf has plenty of technical data available and a technical following outside the dealerships. No idea on the MG4
Second hand a 3year old MG4 or Nissan leaf. In term of getting fixed the leaf has plenty of technical data available and a technical following outside the dealerships. No idea on the MG4
Gassing Station | EV and Alternative Fuels | Top of Page | What's New | My Stuff