WDB
Full Member
Posts: 7,425
|
Post by WDB on Mar 22, 2024 10:00:05 GMT
That should pretty much always be the case. It’s the little anomalies in the market that create opportunities for some. I’m feeling I may be close to the optimal point to jump to a large EV — although I’ve probably said that before. 😒
Interest rates are another factor. Financing a used car might cost you a flat 11.5 percent and new ones are seldom much less than 6 — although Škoda is offering some 0% deals at the moment, which might be tempting for the right car.
Actually, maybe that’s the thing. (Warning: what follows is pure speculation.) Expensive cars that people (generally) can’t buy for cash are tumbling in value because financing them costs too much. Solid, affordable ones in that £5-12k range are holding on.
|
|
|
Post by Humph on Mar 22, 2024 10:58:23 GMT
That’s probably correct. We’ve fairly quickly got used to thinking of cars costing a lot more. Doesn’t seem all that long ago when £20k would have bought something not very old and really very nice.
|
|
WDB
Full Member
Posts: 7,425
|
Post by WDB on Mar 22, 2024 11:24:46 GMT
Yes. I had a poke around to see what something nice but modest like a 520i Touring might cost at a couple of years old. Got a bit of a shock — £30-40k. New starts at about £48k. The PHEVs that amuse some people are £50k and up. We keep hearing that new EVs are expensive but it would be truer simply to say new cars are expensive.
|
|
bpg
Full Member
Posts: 2,811
|
Post by bpg on Mar 22, 2024 11:49:27 GMT
That's true, new cars are more expensive than we are used to, also some manufacturers are out of kilter with others.
Directly comparing RRP, the Golf GTi looks a bit of a bargain at €41k compared with €45k for a Ford Focus ST. You could argue no-one pays list however, given the majority of new cars are company funded that makes a difference to the monthly salary deduction.
|
|
Rob
Full Member
Posts: 2,778
|
Post by Rob on Mar 22, 2024 19:14:37 GMT
The Mazda6 at just over 3 years old since registered (probably built the year before) was reasonable I thought. Hence why I bought it. Keep it for a few years before considering switching to electric for a main car. Longest trip we are likely to do will be Brighton and there is no charging at all at the destination address (flat with underground parking). Rapid charging will cost more than the petrol.
|
|
|
Post by dixinormus on Mar 22, 2024 23:03:20 GMT
Yep, Rob, if you don’t drive many miles then ICE or EV is largely irrelevant to many people.
|
|
Rob
Full Member
Posts: 2,778
|
Post by Rob on Mar 22, 2024 23:49:12 GMT
Local miles then an EV wins hands down and will save a lot. But you need to already own it to save.
If I had said a SEAT Miii EV, then on a suitable overnight tariff that could be 2p a mile. But I'm not going to drive that far on motorways.
For not many thousands more than the Mazda6 cost last year, some independents with EVs like Polestar 2's and there. But what about warranty etc. Still surprised a brand new EV has such a short term cover for batteries. Yes they will go wrong and might need fixing but surely not replacing totally. If I had an ICE with a gearbox I expect to pay for repairs.... but to find a battery in an EV needs replacing....
|
|