Buying a used 330e ?

[hot66]

Considering a 330e for the wife as her company car . I have the option of contract hire , but the rates are pretty high for a 24 month and 20k miles pa

Just been looking at 1-2 year old 330e msports and was quite surprised at the deprecation ! 8000 miles / 1 year old and they are available from a main dealer for mid to late £20's ... Almost £15k depreciation ( explains the high CH rates )

So , what am I missing ? Why the massive depreciation ? Is there a reason not to buy a used one ? Are the batteries limited lifespan ? Is a 1 year old £28k 330e going to be worth nothing in another 2-3 years with 60k miles on the clock ?

Edited by hot66 on Saturday 18th November 13:41

[hot66]

Stop patronising ...I've been doing this long enough to know about depreciation and on working about the best way to fund that depreciation . ( couple of new cars swapped every 2 years)

I'm taking here about 50% deprecation in 2 years based on both 2nd hand market and current contract hire rates . That is a lot more deprecation than historically has been assumed.

I'm wondering whether there might be a specific reason NOT to buy a used 330e due to the technology .

[hot66]

Thanks

Thought it might be something like that. Wasn't sure wether the batteries for example had a specific lifespan etc.

For me , it's purely a BIK exercise so we are Deffo going for a hybrid and after dragging my wife around various showrooms etc looks like the 330e is best the compromise for the next 2 years .

Just need to do some sums and see wether I should buy a used one or go with my preferred option of contract hire

[hot66]

That sounds like a cracking deal . Would probo make sense for me to buy at that rate.

Current contract hire quotes is £615+vat based on. 3+23 , 20k miles pa for a 330e msport with met paint and no other options ( would actually a few small options)