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?
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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