Electric cars Depreciation

Block_4_Eastender said:
I think it's begun already in certain parts of the world.
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What I’d like see (probably many of us) is government funded free distribution of electric bikes (all genres) to the underprivileged, especially in those countries designated as third world. The amount of pollution in the likes of Thailand, Vietnam etc is staggering but also attached to all things two stroke engines. I think this is where we need to focus at because it would make so much sense in both a medical and environmental context.
 
hobblewobble said:
Some of you must be feeling this now ,all that money you have saved in petrol/diesel costs has evaporated with the price at 2 years, 3 years old.
Jaguar,Fiat, Citroen, Vauxhall,Mazda and others.
I would have bought one but cannot have a home charger.
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I'm still well up, massively.

Got out of the first EV before the drop, and only lost 13% in the first year, but that was on a 0% finance too, saved a fortune in running costs and paid no personal tax to buy it, no company car tax/ only 1% BIK etc. Overall that was definitely a massive winner.

The new one (now two years old) is on PCP anyway, and at a decent rate, and went from being up 10% in value to down 20-25% in the space of two years. With that in mind I'm probably still doing better than a typical depreciation curve, the drop has slowed to pretty much a stop now too. To be honest I would have hoped to be another 5-15% better off at the moment in retained equity, but that was never a guarantee, and that's nowhere near offsetting the savings I've made.

The recent value drop has delayed my thoughts on changing cars again mind, but not as much as as not wonting to move onto a new finance rate twice as high. Now I'm thinking I might as well just wait a year until the PCP ends then I can hand it back at 40% depreciation at most, which is a typical 3 year depreciation value.

The number of my type of car available at these reduced rates is quickly drying up though (now only two in the whole country of my car year), as some people are snapping up these bargains, even the one car a year older is only 2% cheaper.

I think the drops will flat line, and start to claw some percentage back, but either way the PCP safety net is working well.
 
Friend of mine has an Audi e-tron GT. £97k list price is nuts, but its a very nice car. Porsche are stuggling to shift Taycans at the moment, EV demand does appear to have softened over the last 6 months.

They aren't my cup of tea because of the lack of infrastructure at the moment. I'm never an early adopter, maybe in a few years when things are a bit more available.
 
Interest rates have shot up so monthly fees on finance deals have. Prices have to come down to keep monthly fees static. It's not an EV only issue but EVs having a higher baseline price means they are dropping more in absolute terms but the same percentage wise.
 
First EV actually went up in value(traded it in for more than bought it new), this one so far dropped in value £15k in 18 months.

Actually think neither of these are an EV thing, but simply a reflection of the expensive used car market post COVID and the correction which has just happened. My father in law did pretty much the same with his diesel motorhome. Pre EVs, no-one used to be surprised that a new car lost 20% of it's value straight off the forecourt, but an opportunity for the press to bash EVs (along with lots of other stories such as increased pollution from tyre wear?!)
 
GingerTravel said:
GingerTravel said:
First EV actually went up in value(traded it in for more than bought it new), this one so far dropped in value £15k in 18 months.

Actually think neither of these are an EV thing, but simply a reflection of the expensive used car market post COVID and the correction which has just happened. My father in law did pretty much the same with his diesel motorhome. Pre EVs, no-one used to be surprised that a new car lost 20% of it's value straight off the forecourt, but an opportunity for the press to bash EVs (along with lots of other stories such as increased pollution from tyre wear?!)
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Plus the model in question from OP, the Vauxhall Mokka, has just had a massive £7k RRP discount applied to it today

www.motortrader.com

Price cut of £7k makes special edition Mokka cheapest electric SUV

The limited edition Vauxhall Mokka Electric Griffin will be priced at £29,495, which is £7,115 less than the original EV crossover, which will make it the
www.motortrader.com www.motortrader.com
 
BaronSmoggie said:
Friend of mine has an Audi e-tron GT. £97k list price is nuts, but its a very nice car. Porsche are stuggling to shift Taycans at the moment, EV demand does appear to have softened over the last 6 months.

They aren't my cup of tea because of the lack of infrastructure at the moment. I'm never an early adopter, maybe in a few years when things are a bit more available.
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Depends on the Taycan sadly. Base model ones lose value badly. The Taycan cross tourismo, which I want, is rarer than rocking horse poo. And the prices have stayed high accordingly
 
Defender 4x4 said:
Had to chuckle, did not bother reading the threads about EV cars. I was more interested as to when SmallTown would arrive. It did not take long. likes a moth around a light.
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That's quite the compliment. You're not interested in the subject but you took the time to read my words and comment. Impressive the amount people think of me
 
Blooming dangerous are EVs. Wife nearly got mowed down by one in a car park as she couldn't hear it coming :). They are the future though. Once infrastructure is fully sorted and second hand prices are in the range of the common man, then all will be good
 
Defender 4x4 said:
Don't flatter yourself
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You can do that for me, you're still replying. Nice to know I'm in your head!

Uncle_Marbles said:
Blooming dangerous are EVs. Wife nearly got mowed down by one in a car park as she couldn't hear it coming :). They are the future though. Once infrastructure is fully sorted and second hand prices are in the range of the common man, then all will be good
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The infrastructure is actually better than you think. I was surprised how many chargers I could find in Stockton. But yes it is still a work in progress
 
SmallTown said:
You can do that for me, you're still replying. Nice to know I'm in your head!


The infrastructure is actually better than you think. I was surprised how many chargers I could find in Stockton. But yes it is still a work in progress
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It is probably the home charger situation that baffles people. I do though admire people who were the fore runners in getting on board with Evs. Respect.
 
Chargers are popping up all over the place. It won’t be long before you’ll think it’s unusual not to see a few in even small car parks outside shops.
 
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