Just when you think that EVs couldn't depreciate any faster a VW ID Buzz Lease goes up by £10,754

[@peterpan6821]

I believe people will just keep their ICE cars for longer and longer. The UK will start to look like Cuba.

[@NAYF76]

Yes. We have a handbag culture with cars in this country whereas in India they think nothing of putting a million miles on a truck.

[@peterbronstein32]

Don't know about cuba. Half of all the cars from before the US embargo on cars in the 60's are still running. Do you think the pollies will let that happen in the UK?

[@markmitchell590]

@@NAYF76 You have a mild coastal climate with enough salt on the roads to make corrosion an actual thing.

[@jamesm90]

Unfortunately cars rust quickly in the UK and it means if you actually use your older car you're lucky if it'll do 15 years

[@alanthomson1227]

Great I’ve got two Che t -shirts

[@dcasteaux9181]

Am expecting the £35 road tax on my 2008 diesel will be increased to £1000 a year very soon.

[@nathansmith7153]

Good - you've polluted teh planet enough

[@composedlight6850]

Yep they the Governments plan is to price at least 50% of cars off the road; only the rich will be able to afford private transport .

[@cupra2Jock.]

Just have to grow more crops won't ya lad.

[@69spook]

I doubt it. Pre 2017 cars were on a different tax regime. My polo is still zero. It has never done up.

[@alanwllms5172]

​@69spook oh but it will!

[@JamesWilliamson-w8y]

You would have to pay me to take an EV off your hands. I'm keeping my 1962 Morris Minor 1000. No MOT , No Road tax, No emmission tax and cheap insurance. No it's not for sale.

[@corinful]

You'd have to pay me to drive that bad of shit round

[@waynehardiman9421]

Well when you crash and the breaks don’t work and the rust crumbles to dust and your 6ft under are say fella least you didn’t get a ev 😂

[@tonystock856]

Fingers crossed these leaches in parliament don’t change the system and start taxing these old vehicles, go back a few years and you wouldn’t think EV’s will be paying road tax from April 2025.

[@mrmeg01]

@@tonystock856 i think thats theplan

[@69spook]

​​@@tonystock856I did..to off set the loss in vehicle duty once the sheep buy yhem.

[@Dan-pj6sj]

I’ve just handed back my 2021 Q4 ETron. Cheap to run? If £1300 on 4 tyres every 14 months is cheap, then you’re a rich man! Tyres are mullered so quickly on EV’s

[@ianrichards4907]

shush , E/V owners try to keep that a secret !

[@xkitejunkie]

Ouch every 14 months! I used to have an original Nissan Leaf back in the day and in 75k miles it only needed 1 set of tyres at £80 a corner. Weight is a factor sure but so is the height of the vehicle, profile of the sidewall and power of the vehicle. I do sympathise as my weekend ICE car can go through tyres quite quickly, well rear ones anyway 😉

[@Nockalates]

Ive never seen this. Ive driven ev for 4 years. You must be blasting it.

[@chrislee6650]

Surely that is down to the driving. Just because it will accelerate faster than an ICE car doesn't mean you have to.

[@Nockalates]

@ agree. I heard etronz are particularly bad on range. Had a client who sold 9 and replaced them all with Model Ys. They are way more expensive than a Y with the same if not better spec.

[@ianwheeler7903]

I will stick to my 12 year old Vauxhall Agila which costs less than £800 a year to run. No EV's for me thank you.

[@nathansmith7153]

Yes - pollution and death is all you are about

[@northyorkshirechris5735]

@@ianwheeler7903 I spent about £100 a month burning my way through diesel in an Audi A3. I binned it in May and now drive an EV which costs me £15 per month to power (£180 per year) not to mention the substantially lower servicing costs.

[@cesilpreston]

I've gone from being a person interested in EVs, to almost getting one, to someone who will never get one. EVs are horrible for the planet. Most EV owners don't know where the batteries are made, how they are made, how long they last. They don't even realise that the battery is like a petrol or diesel car that has a shrinking fuel tank. Would a petrol or diesel car driver put up with a shrinking fuel tank. But it is somehow acceptable in an EV. There are too many people who have to replace batteries within 5 years. Pure petrol and pure diesel is the future. Not hybrids, not plug-ins and definitely not EVs. We are not seeing this future, because of gov fiddling world over.

[@northyorkshirechris5735]

@@cesilpreston The misinformation in this post is quite staggering. Most EVs have discarded the use of cobalt now (which is what I think you’re referring to) and any manufacturers using it do so from approved sources. However, you have also failed to recognise that most new EVs use lithium and ones coming up will use either a sodium chemistry or solid state batteries. If EVs have faulty batteries, they are actually broken down into cells, so that individual ones can be replaced, not the entire thing and, even if this was the case, most manufacturers guarantee their batteries for 8-12 years. Petrol and diesel aren’t the future at all - those resources are finite and will run out. I’m afraid that whatever you may think, the world is going down a renewables/electrification route and abandoning the 19th century tech that we still use to run petrol/diesel cars today. That future is coming whether you bury your head in the sand or not.

[@cesilpreston]

@@ianwheeler7903 another thing to keep in mind is that anyone who mentions the misin#£&mation word is the one actually spreading it. Just ignore those people. They are still asleep or are EV-Shills.

[@nheather]

I was amongst the first to encounter and be shocked by EV depreciation. My family bought a Nissan Leaf in 2020 on a 3 year PCP contract, the optional final payment or balloon was set at £15,500. I had plenty of PCPs before and without exception the balloon had always been less than the value of the car, so it was a real shock after just 2.5 years to find that the car was only worth £12,000 some £3,500 less than the balloon, and for the first time after completing many PCPs we had no option but to hand the car back to Nissan and walk away. In the latter period of ownership we also saw the insurance rise dramatically, when that of the ICE cars owned by the family, relations and friends did not

[@Gracievision]

if the depreciation is getting worse on EVs the lease rates will get higher because part of the lease price is you paying the depreciation.

[@suzylawrence6]

£60K+ ESprinters 18 months old less than 20,000 miles available £15k

[@nsweeney3970]

These little reality checks you keep bringing to us Barrie are brilliant, please keep them coming. Sadly, EV fanboys who only operate on a religious or cult like frequency, grounded in ideology and narrative alone, will never absorb or accept this information. Barrie comes from bygone era where we all used to operate on facts and cold, hard numbers. Ideology ,narrative and general BS hardly existed back then.

[@paulyflyer8154]

I used to dob my car in about every 2 years and get a new pcp. However I bought a brand new (something I'd never done before for obvious reasons)BMW X3 3.0L Diesel in 2019 and paid it off in 2022 and just kept it. I've now done 310, 000 miles averaging 45mpg and it's not missed a beat. I'll probably have to get a new battery before the winter but that's it. If they were serious about the environment they'd encourage people to keep their cars longer. Of course it's all green BS.

[@rickyjulian496]

So you're responsible a colossal carbon footprint. All those cars you got on PCP don't suddenly stop burning Oil just because you traded it in. They probably end up driving 150,000 in their lifetime. Well done for finally keeping the gas guzzler (yes it may seem efficient but diesel emits more carbon than petrol because it's energy dense).

[@paulyflyer8154]

@rickyjulian496 And what's wrong with carbon? It's the gas of life. We need more of it.

[@rickyjulian496]

@paulyflyer8154 ere, no. Haven't you heard the science that burning fossil fuels is warming planet earth? Or are you one of those flat earthers??

[@peterbrownless]

Carbon is easy. Plant trees and other plants. Carbon in, oxygen out.

[@metaspectivate]

@@peterbrownless - but we're not planting more trees, are we? In fact, we're accelerating the deforestation of the Amazon rain forest (just one example - look it up).

[@sushiginger444]

Can we have a whip round and get Barrie a better microphone? Always have to turn the volume up.

[@BarrieCrampton]

It’s fine on all my computers, iPad, Mac, iPhone etc

[@daveericson8447]

Maybe we have a whip round and buy you an ear trumpet 😂

[@sushiginger444]

@ it varies from one video to another but always seems a bit quiet - try switching from one of your videos to someone else’s and back.

[@sushiginger444]

@@daveericson8447 hmm strange how my hearing problem only happens with Barrie’s channel but not with say @themacmaster or @geoffbuyscars 🤔

[@69spook]

Yep, he's quiet on my phone. But Gary Crapton doesn't give a castlemaine four x. 😂

[@mickyfinn7969]

You lost me when you said you really fancied a VW id buzz , to tour Europe.. For goodness sake man go look in the mirror and shake your head .

[@dodgerboe]

You couldn't tour that unless you've got a permanent generator in the cargo bay with a few jerrycans of the good old Derv !

[@markmitchell590]

A circuit of shopping centres and service stations with max daily of 200 miles sounds tempting.

[@ghunt9146]

​@@markmitchell590kitted out as a camper you wouldn't get anywhere near 200 miles.

[@THEG12EG]

“Car fan” 😂

[@steffydog]

Why would anyone want one of these paperweights is just beyond me, let alone in a camper van, just forget this tat and buy a ICE, job and range sorted.

[@hcw199]

What, you wouldn't sleep on a giant lithium ion battery on charge?

[@rogerfroud300]

One day you'll have an EV. I wonder if you'll be man enough to admit you were wrong? There's no urgency to buy an EV yet, it's still early adopter prices.

[@Markcain268]

​​@@rogerfroud300maybe he will, maybe he won't, if, like me and most people he doesn't really need a car, then he can choose not to buy an ev, after all, owning a car is expensive, costs money all the time, better to spend it on something you can enjoy.

[@xkitejunkie]

​@@hcw199haha don't say that, I sleep right next to a lithium ion battery on charge every night (my phone)! Come to think of it when I'm in my petrol powered campervan that same lithium iron battery is being charged pretty darn close to a highly combustible 60L tank of petrol and another 55L tank of propane!! 😂😉

[@matthewrooke386]

I’m sticking with my 20year old Mercedes, easy to fix and atm depreciation proof. And that V8 engine is just magic.

[@JamesWilliamson-w8y]

I'm not a Mercedes fan but if you can cope with the fuel consumption stick with it. In 20 years time you can register it as a Classic and save even more.

[@onlineo2263]

This is how lease deals work. You got to take s good deal when its available if you sre picky about the vehicle you want. Some months a company wants to offload dome extra units vua lease. Some months they don't. Presumably hitting sales target bonuses.

[@SDK2006b]

^ yep exactly this !

[@MattEMaddock]

Absolutely love our BMW i3, had it 6 years and it’s perfect as a 2nd car for my wife to do her short daily commute and charge at a cheap rate at night at home. Never breaks down and needs virtually no maintenance. Wouldn’t even consider an EV as a main car yet though, just too expensive to buy and too expensive to run with the price of electricity at public chargers. How anyone without the capability to charge at home is going to manage I have no idea.

[@philipshore6924]

VW might put up the price to slow demand on purpose. They've got chaos with factory closures and unions going on.

[@MyAmiVice]

Slow demand, that’s a good one 😂

[@jasonmugridge]

@@MyAmiVicewhy do you think any legacy manufacturer wants to sell anyone an EV, please explain? They lose money on everyone they sell and then lose again as they don’t make as much from servicing which is their cash cow.

[@NAYF76]

Confirms what I thought all along. Electric bicycles are cost effective - electric cars vans and trucks are a completely different ball game.

[@MrChriss000]

Yeah, you cannot peddle an electric car either.

[@SDK2006b]

Have you seen the bike market !? The manufacturers are seriously struggling - high pricing and not enough customers. I bought two new Trek eMTB’s earlier this year, both over 40% off RRP. Means if you’re selling a bike, and you paid full RRP, then you will take a serious loss. The caravan industry is suffering the same way too. Oversupply, high pricing and not enough customers.

[@NAYF76]

@@SDK2006b You're right about the bike and caravan market. I don't buy my ebikes from high street shops, they've been ripping people off for a long time and the caravans campers are far too expensive best to do a conversion yourself. The infrastructure just isn't there for cars vans and trucks and no financial adviser worth his salt would ever recommend buying an EV.

[@SDK2006b]

@@NAYF76 - Nothing wrong with buying a new EV privately, provided you have a driveway to home charge it, and you plan on keeping it for a long time. If you are the type of person who changes cars often, then buying any new car is defo not a wise decision.

[@sarahann530]

​@@NAYF76 Where do you get a cheap base van ?

[@ianross225]

When they’re fit for purpose I might consider one. No time soon.

[@Opnmdjxkxmmff]

At 60 Months it is more than half dead.

[@rogerfroud300]

Really? And that's based on what?

[@rusty911s2]

Yes, all this 'your battery will die' crap is getting old.

[@Opnmdjxkxmmff]

@@rogerfroud300 Do you drive a van, you know those four wheeled things that carry weight? Did I say the battery would die? No the suspension dies, the wheels buckle, the shocks get shot the wheel bearings crap out. They weigh nearly three tonnes; that is before you put anything in them. Our roads destroy them.Don't take my word for it. If you listened to the video the lease companies share my opinion. Your opinion is valid for cars, I drive a Tesla,..

[@davidmarshall5596]

Always very interesting listening to someone who knows what they are talking about 😊no substitute for experience! The Evangelical society members don't like it when someone points out what really is going on with the automobile industry 🤔 if we had all been driving around in electric vehicles & suddenly someone came up with a fuel that you can fill a tank on the vehicle up.with in 5 minutes or so, then be able to drive 600 miles or so before needed to refusel we all would go "WOW" THIS IS THE FUTURE! 😂😂😂

[@davidadams5116]

I have just bought a lovely 2 litre diesel turbo and it is lovely. All round heated leather, matrix LED headlights, pulls like a train. 54mpg on a 260 mile trip,£302pa insurance. I'm keeping it till it dies on me. Had an EV, sold it after 6 months, lost £3700 so not as bad as some. They can shove EVs, shove ridiculous lease deals, stick overpriced finance.

[@Smartsparky]

I've had my Nissan leaf 6 months. The infrastructure in Scotland is embarrassing and dam right frustrating! About 40 different apps for 40 different chargers! Half them are really unreliable. And the government wonder why people aren't wanting them?? Make them all Contactless and take away these stupid Apps!!!!

[@G-ra-ha-m]

They really should all be free.

[@australiainfelix7307]

@@G-ra-ha-m Indeed. Sunlight is free. Whee...

[@BigNUTz123]

Contactless then giving them more control were you’re visiting should be nothing its scam

[@angleseyandy9110]

Or cash for when the system fails

[@69spook]

Is that the EV with a 10 mile range 😂

[@TESTA-CC]

My Friends Just Cancelled x 2 VW Buzz Vans on Lease for his Business which were supposed to be delivered this December. He lost his deposit of £700 £350 per Vehicle. He has just purchased x 2 New Mercedes Vito Diesel Vans Because The Finance Was just to expensive on the VWs. I believe this is why they are putting up the finance costs due to less demand to cover the losses.

[@davidadams5116]

If they put up finance nobody buys them so they lose whatever they do. Serves them right for taking notice of madmen

[@PeterWilliamson-nn9et]

Barrie a fellow Englishman bought a Porsche EV and lost 65,000 in depreciation over 2 years, so he tried to trade it on a 911 but VW didn’t want his car as a trade because newer models were out and they weren’t selling either, I think because of his postings on you tube Porsche reached out to him and gave him a super deal on a brand new Porsche EV which probably relieved him somewhat and shut him up, find a Toyota in good condition and buy it avoid wasting money on EVs

[@dazzyd1964]

6K miles??????? I can't get that few miles a year if I just went to the shops!!!!!

[@BarrieCrampton]

once i get to Europe i wouldn't be doing a whole lot of driving, this was an example i would probably change it to 12,000 miles but then that would make it even worse and people would say that i had done it on purpose, you cant win

[@Markcain268]

Haha, I do less than 2000 miles! It's great not being dependent on a car!

[@Tom-ru2kv]

I've heard that some EVs are coming back after a 5 year lease and the batteries are toast. Perhaps the manufacturers know this and price accordingly.

[@brentritchie6199]

They are "safe and effective"

[@69spook]

Condoms?

[@cloudbasenirvana]

Just like those devil's poison arm darts with the same side effect, they might kill you.

[@andybrowne2117]

There is a beetle that has a lot in common with EV's , It's called death watch !!

[@Worldwarone853]

I look forward to the future of EVs because they don’t have a future😅😅😅 They are going down the pan, and I’m glad.

[@KPGRUND]

Was going to do exactly the same as my Expert warranty is up in December , in October the I’d buzz was cheap as chips..now not so !!!!

[@ntr0pic]

Just about to take the plunge on a 2nd hand EV. There are some real bargains out there on 3 yr old cars. New buyer's loss is my gain! Bring on 1.8p per mile!

[@BarrieCrampton]

there are some bargains thats for sure, get one quick while there are still people about that are stupid enough to buy new ones and lose a fortune 😂

[@paulnewman9275]

My 42 year old Jag is going up in value £1000's per year:))))) Thanks EVangelists...

[@michaeledwards8079]

I lease my EV over 2 years with 5000 mileage allowance, it is now just over a year old and I pay 247 a month plus £2224 down, which comes to £8154 the same car and deal is now £732.25 a month and 8788 down, that's £26362 over 2 years, the list price of the car is £32500

[@jcfallows]

I don't think Harry Metcalf has ever cried he is a poor farmer, he is a hard working self made man who is an interesting, informative & entertaining vlogger. He is certainly not a winge bag like so many other channels are!

[@britannia079]

If that's a new one you're looking at (which I'm pretty sure it is), part of the increased price will be the drop in residual value but the majority will be because VW have removed the support due to reaching where they need to be on CAFE fines for the end of the year.

[@MadIIMike]

Mind you, this is still in a environment where VW can't get rid of those things while under pressure by fleet emissions etc. once EVs are mandatory, the prices will (have to) go up massively. I'm pretty sure VW currently loses money on their EV lineup.

[@xkitejunkie]

"EVs are too expensive" "2nd Hand EVs are too cheap" Make your mind up people

[@BarrieCrampton]

You just don’t understand, that catastrophic depreciation stops people buying new ones, then there won’t be any cheap used ones anymore 😂

[@logant6490]

​@@BarrieCramptonnew sales are up over 10%, diesel sales are collapsing. Read the Smmt data.

[@BarrieCrampton]

@@logant6490 unfortunately the SMMT data only means anything if you know what you are talking about and dont have an agenda, they have all but stopped making New Diesels, and private people are buying more used diesels than they are EVs, Sales of New cars are actually down, percentage sales of EVs are up, because the manufacturers are limiting supplies of new ICE cars so that they can hit their EV ZEV mandate target, i hope that helps 👍

[@logant6490]

@BarrieCrampton it helps to know you aren't interested in clean air, better health outcomes, and less co2 emissions. Instead you peddle misinformation for KZbin income.

[@BarrieCrampton]

@@logant6490 it may be best if you either watch my other videos or even better just keep quiet, making an ev is dirtier than making an ICE car, so until an EV has done at least 23500 it is damaging the planet, ps i have 2 EVs and feel free to point out where i am peddling misinformation and enlighten us with your planet saving knowledge, misinformation backed up by proof in black and white, yep actually thinking about it its best if you just keep quiet

[@a34rwl]

You wud have yo pay me to drive a Golf Cart Barry

[@Pyramid333]

They pushed marketing companies to discount themselves not because the market is not buying the EVs.

[@BarrieCrampton]

Oh please, don’t make me laugh 😂

[@nsweeney3970]

The levels of delusion are off the chart with some of these EV fanboys….

[@markloubser2433]

Europe is fully fkd........

[@spezzington]

You need to broaden your focus. I lease a new car every 3 years and the prices suddenly went up this year. It has affected ice, hybrids and EVs. Now that leasing cost is in the same league as pcp, it's no longer worth it. Why? I can only think manufacturers are trying to recoup the money they have ploughed into EV tech.

[@BarrieCrampton]

if i broadened it, i wouldn't be focussed! and its cheaper to lease an ICE car than it is an EV because ICE cars retain their value better, thats how it works

[@spezzington]

I sense desperation in the industry. I am actually being sent some cheaper leases on EVs now. It wouldn't surprise me if the general increase is to cover the loss when manufacturers push their unwanted EVs.

[@leeedsonetwo]

When are the gov going to start road charging for EV vehicles?

[@russcattell955i]

Soon

[@AndyK.1]

April ?

[@harrycalibra]

Just when you think that EVs couldn't depreciate any faster a VW ID Buzz Lease goes up by £10,754 - In the infinite words of the Great Windsor Davies " OH DEAR HOW SAD NEVER MIND " 🤣🤣

[@69spook]

😂

[@docastrov9013]

So are you saying the lease payments have gone up because when you hand it back the finance cannot sell it?

[@BarrieCrampton]

because the future value forecast has been drastically reduced, so payments go up

[@clewis5220]

I guess if lease company can’t sell it or it takes a long time to sell then this will affect their cash flow situation and maybe go bust?

[@Aitch80]

Not sure I get it, your talking about ev’s depreciating but the cost is increasing. If the cost is going up then there not decreasing in value?

[@BarrieCrampton]

Lease costs are calculated on what the car costs new, and what it will be worth at the end of the agreement, the less it’s worth, the more your payments will go up to cover the depreciation costs

[@Aitch80]

@ thanks for the reply Barry, still not sure that makes sense else how would they sell any if the most expensive cars are the least popular. Please please don’t sell out for KZbin views as other electric car haters have.

[@BarrieCrampton]

@Aitch80 I have 2 electric cars, it’s not me that’s sold out, it’s the EV shills, I’m just correcting their lies and misinformation with proof, and facts

[@GarethNorthwood-s8n]

It’s would have been nice to put some ICE comparison leases along side

[@adenwellsmith6908]

It depends on interest rates. Rates for different lengths of time, and not the same One of the factors.

[@StonyRC]

NONE of the costs for electric vehicles or heat-pumps make any sense. They are all staggeringly expensive to purchase and / or to run. The depreciation and cost models do not stack up ... which is why the "Net-Zero Loonies" are going to load stupid taxes on IC cars and gas cookers / boilers. Anything to make it APPEAR that these new technologies are "affordable" - when the polar opposite is the truth!

[@swannmonitor6229]

People will start collecting old land rover defenders

[@ukultra]

Buzz would be great with a 3ltr diesel engine in it. I would waste your money.

[@twigwonderkid]

WHAT ! How did you think that ? You could drive about on a leased Id buzz ? Haven’t you seen the ID Buzz from a very well known delivery service ? How could you miss that ? Everything is bought online today and you must have seen an ID buzz turn up ? A quick question to the driver gives the saving on fuel and free tax and no London charges, but the incredibly low price they paid for an ID buzz. There’s no way you, me could do that, so obviously they were going to depreciate if you dint purchase that way.

[@Cloud-yp4eh]

Plenty of companies leasing these now on a 2 year deal 10k miles for £200 ish. Lease loco etc

[@BarrieCrampton]

@@Cloud-yp4eh yes that is the point of the video, Autotrader were, now they are not

[@ssorcnivek]

Wasn't interested in any cars at all till I saw your show . Now, it looks as though a 5yr old EV will be worth nothing because people will prefer a new one rather than replace the knackered battery on an old EV ? Is that right ? Is that why the lease is as you describe ?

[@rogerfroud300]

Why is any of this a surprise. We've got used to an achingly slow pace of improvement in ICE cars, and that means they keep their value because the next versions aren't that much better. That's simply not the case with EVs, which improve so much, year on year, that people would rather wait for a better model than buy an inferior one at a high price. This is going to remain the case for at least another decade until battery technology plateaus, and finally we've back to the same slow rate of change. Let's be honest, nobody needs to have a new car every three years, it's just what they've become accustomed to. ICE cars don't last long because there are too many parts to wear out and go wrong. 200K miles or 12 years is about the average. You're going to get a lot more out of an EV. Be patient. Let those who can afford to waste money as early adopters, do their thing and complain about it. If you want an EV, buy a 1 or 2 year old one and then keep it until it won't go any more. Personally, I'm going to wait another few years and see how the landscape looks then. There's no need to rush out an buy anything at the moment.

[@richarddownes5762]

"It's the same company, it's the same van". But the leasing company now painfully realises the true residual value of the vehicle in the private (second hand market). And it's not much!

[@astront917]

I'll stick with my 2.0 vw t6 transporter Tank of diesel lasts me 6 weeks plodding 15 miles to work. 👍👍

[@jabfree4eva]

Buy a EV but only after the 95% depreciation 😂

[@69spook]

But you'll be responsible for it's environmentally friendly disposal ££££

[@spice3767]

LOL…I’ve had “conversations with EV users…when I say about huge depreciation etc…they bounce back with well I Lease so there bla bla bla…..I return with so the lease will increase then…as the companies won’t run at a loss….well looks like I was right…..EV sheep pay pay pay 🤣🤣🤣🤣

[@SDK2006b]

When you take out a lease the monthly price is fixed for the contract term, regardless what happens to the car market. When the lease finishes you hand the car back, with zero extra finance cost, even if the car is only worth £1.50 at the end. Car lease prices change on an almost daily basis, up or down, for all cars. This has been happening for a long time. I started leasing new cars 15 years ago - the trick is get the car when it hits the lowest price. Similar to buying shares - you want to buy low and sell high, but predicting this is mostly impossible, very much down to luck.

[@richieb9067]

​@SDK2006b you can't educate these people, the fact they don't understand leasing shows what little understanding they have of the car market.

[@SDK2006b]

@@richieb9067 -yep👍🏻 Social media exposes the dumbness. Barrie markets himself as ‘The guy who understands car markets‘ - this video shows that not to be the case 🤦🏼‍♂️

[@FloydCourtnell]

Residual value !!!! That’s the prediction of future worth. That’s why is going up.

[@jcfallows]

I see the Chinese have dropped another 4,000 dollars of the price of new EVS in Australia! At some point people will buy EVS massively if the price is right! (It already is but people are still blind). When I suggested you to have a drive around Europe on a fact finding machine. I recently found you can buy a rolls wraith under £20k miles for less than £89000, what a bargain, this would be a great car for you to travel around Europe in a real car! Harry Metcalf tested a black badge Wraith across Europe on a 2000 mile trip. It's still the best car review I've seen. I think it would suit you better than an EV.

[@69spook]

Is that the same Harry Metcalf, the poor farmer 😂

[@craigelam6830]

Drive round Europe!!!!

[@BarrieCrampton]

is there an echo? i used 6000 miles as an example of the lease

[@davidevans8333]

One plus point of EVs it’s the death knell for touring caravans so there is a use for them.

[@alfiedodah9799]

Surely the inherent depreciation of ev's makes the yearly mileage irrelevant?

[@BarrieCrampton]

apparenty not, looks like the EV pushers are expecting that you will have to pay people to take them away in the future, which to be fair wouldnt surprise me in the slightest

[@alfiedodah9799]

From your 60 month example it looks like the trade value of ev's after 5years is zero?...get whatever they can sell it for?...can you find out what the scrap value of an ev is?... Will there be a charge to scrap it because of 'special handling of the battery?

[@matthewmiller9575]

It makes sense because ev are valueless beyond the life of their battery ergo the warranty period of the battery is the vehicles lifespan - maximum of 10 years. The financial models of lease or purchase don’t work, and realistically the number of people who can afford to buy a car outright every 5 to 10 years is tiny. EV’s either need to become much cheaper or, as the government seems intent on, become the only option…quite how most people will afford to live at this point is beyond my comprehension.

[@MarkSlavin]

Won't part of the increase be the taxes announced in the budget in the last month?

[@RAT.MAN.]

Well over due that the car finance bubble bursts , Far too many driving around in over priced cars that they cant afford , To Buy Or maintain , destroying any 2nd hand value

[@nickclarkuk]

Has a computer with a spreadsheet app , reaches for paper and a calculator 😂

[@BarrieCrampton]

is that all you have to say? whats the difference ? its quicker to use a calculator by far

[@peterrose3304]

Can’t sell a ev now ,that’s good put the price up and sell even less 😅😅

[@Paul-ey1ct]

I've got a diesel Peugeot bipper and its £35quid a year road tax👍. Look it up.

[@angleseyandy9110]

You wouldnt be touring Europe very far between charges in that thing And dont forget on your lease thing you can only average 16 miles a day 😂😂😂

[@69spook]

You'd tour your county in that case.😂

[@angleseyandy9110]

@69spook or tour your "15 minute city"😂

[@BarrieCrampton]

I would be stopping in certain places not driving 24/7

[@edwardleyden460]

You would be better off fitting it with pedals like Fred Flinstone has on his car

[@pstanyer1]

And at the same time interest rates have dropped....

[@wicksta]

I got an ID Buzz style last year with the crazy deals, they come and go. I only got a 2 year lease, but may try and buy it at the end through my company as I love it! My partner has just ordered a new mini exclusive SE which there are good offers on at the moment, 250 a month including insurance. You just have to time EV leasing and there are cracking deals from time to time! I still have a petrol 911 for my fun daily car though, not giving up on ICE completely until I have to.

[@kevinmoffatt]

True, but sometimes it's smoke and mirrors. Ordered a Golf Clubsport on lease and waited a year, never got the car. Same with an Audi S4. Ordered a Golf R at £300pm and was later contacted and told the cost would be £350pm which I paid. Delivered March 2019 just in time for covid and hardly driven over two years because of lockdown; threatened by Arval because I couldn't get it serviced (the dealers were all closed). Audi tried to defraud me of £1500 on a TT when it was returned, saying it was badly damaged. Only when I stated that some of the damaged parts weren't fitted to that spec model did they admit their error.

[@grahamricketts-bq1ft]

So Just buy a second hand one if they are such heavy depreciatiors !

[@mick998r]

Barry, you don't need to keep saying your name.

[@BarrieCrampton]

Lots of new viewers and subscribers, so I think I do

[@69spook]

Short term memory loss. 😮

[@theodavies8754]

What you get when it costs £12k to do 6k miles that's £200 for going somewhere 50 miles away and back.

[@ssorcnivek]

EV's are just like other battery devices (mobile phone or cordless drills )......all the expense, and all problems are to do with longevity of , and charging of the batteries

[@colinsmith8572]

The price increase is probably because they can't sell EV's and are trying to get money in by putting the prices up, enough said about the viability of electric cars.

[@Nockalates]

Who cares about depreciation. I paid £21000 for a 3 year old Model 3. Thats awesome. It does 310 miles a 0.075p a mike. Love it. Cars are never an investment, you always loose money on cars. Who cares about depreciation. The IDBuzz though, nahhh, its got rubbish range. Like all the ICE company EV efforts.

[@BarrieCrampton]

yep, typical blinkered view, depreciation means that people will stop buying them new because they cant afford to lose all that money, then there wont be any second hand bargains, I hope that helps explain it for you

[@Nockalates]

@ there is zero chance EV sales will reduce, they might slow a bit but the only reason they depreciate is because people are still fearing change. When the market is majority EV this position will change and reset. Its in flux at the moment so nothing is permanent. I do not think for one minute that depreciation will slow down the EV transition in a world where leases are dominant.

[@BarrieCrampton]

@@Nockalates they have already slowed down in the UK and abroad, in the UK they have made it appear that they are selling, by slowing down ICE car sales more by restricting the supply, this allows the EV shils to pretend that everything in the garden is rosy, and pull the wool over the eyes of people like you, why do you think they keep banging on about subsidies for EVs if they are selling? and why do you think that private people are buying more diesels?

[@Nockalates]

@ok, I will leave you to it. You sound like a conspiracy person. I just live my life and choose a product based on how good it is. Whether thats a car or a loaf of bread. Ive been driving 31 years and without doubt EV has been better. Thats my opinion and I respect yours. Good luck with your channel.

[@BarrieCrampton]

i sound like a conspiracy person because I know what im talking about? erm ok then! ps i have 2 EVs, just becaues they suit me doesnt mean to say they will suit everyones needs, and until they are as versatile as ICE (which shouldnt be long) they wont sell in the numbers needed

[@paulnewman9275]

All EV leasing will go through the roof due to the poor residuals. Evangelists can't accept the truth ...leasing is about to become unaffordable or impossible.

[@SDK2006b]

Lease prices change weekly/monthly based on supply/demand and manufacturer pricing deals with the finance company. You should know this already. ! Next month it could change again, up or down.

[@BarrieCrampton]

Rubbish, it’s the same vehicle, but good try 😂😂😂😂😂😂😂

[@SDK2006b]

@ - I’ve been leasing new cars for over 15 years. Prices change regularly, up and down. The trick is to snap them up when hit the low point. Sadly you missed that moment on the Buzz. Check all car model lease pricing history on LeaseLoco, for evidence 😊 The PistonHeads forum leasing section also gives you thousands of examples of this happening, over the last 10 years 💡

[@SDK2006b]

An example - the lease price changes for my BMW iX. Source : LeaseLoco Jan : £820 Feb : £840 March : £595 Apr : £946 May : £988 June : £919 July : £639 Aug : £951 Sept : £581 Oct : £975 Nov : £636 All cars have similar price changes, up and down, every day/week/month. This is also why the RRP of a car is mostly irrelevant these days, as the majority of people lease, and the monthly cost varies depending on some key factors. Generally speaking, the more a car costs , the larger the price fluctuations each month. You have much to learn !

[@matthewrooke386]

Didn’t change by £10k though ?

[@SDK2006b]

@@matthewrooke386 - how bad is your maths ! 🤣 The difference between the highest and lowest monthly cost is £380 per month, multiply that over 3 years (36 months) and it’s £13.6k difference.😊 Honestly - the stupidly of some comments across social media is crazy!

[@northyorkshirechris5735]

You’re wrong with the ‘depreciation’ comments. In accounting terms, depreciation is the loss of value through wear and tear, age or damage. What we are seeing here is the usual pricing curve in terms of newer technology as manufacturing ramps up, processes becoming more efficient and there is plentiful supply. I bought a 37” LED TV in about 2007, it cost me £1,000. I can buy the same TV, if not bigger and better, for £199 today. That’s NOT depreciation.

[@BarrieCrampton]

I'm afraid it is depreciation, its on Brand New Latest product EVs, they can only sell them at a huge discount and a loss, yep, thats depreciation alright, in the very worst case scenario, having to buy business

[@northyorkshirechris5735]

@ That’s not what depreciation on fixed assets is. I suggest speaking to an accountant before making misleading comments such as this.

[@BarrieCrampton]

i suggest you look through all the reports on EVs and sales prices, you will see that it is referred to as depreciation, erm also Depreciation is an accounting method that measures how much value physical assets lose over time, no mention of wear and tear, perhaps you were off when they covered that at accounting school

[@northyorkshirechris5735]

@ Err, no I wasn’t off. And yes, I studied accounting and it is wear and tear. Get your facts right @BarrieCrampton.

[@BarrieCrampton]

Away with you, silly man get your facts right 😂😂😂😂😂😂😂😂 even the EV Fanboys, Zealots, Parrot Sites and Cult Members rfer to it as depreciation, and you want to know why they do? because its depreciation see below 😂 ps thanks for leaving all these comments, even though they are wrong and misleading they help my video get ranked higher, and viewed more, so I can get the truth out there and dispel EV Myths, and correct people like yourself, seriously Thank you The Truth About EV Depreciation Pod Point pod-point.com › Content Hub Overview A guide investigating the rate of electric vehicle (EV) depreciation and how it compares to internal combustion engine (ICE) cars. Do Electric Cars Depreciate In Value? | Guide DriveElectric www.drive-electric.co.uk › Guides › General Typically, how much a car depreciates per year is between 15% and 35% in the first year. The AA states the average new car loses around 60% of its value after ... How bad is electric car depreciation? Motorpoint www.motorpoint.co.uk › Guides 19 Mar 2024 - Market data from providers like Autotrader shows that EVs depreciate very slightly faster on average than petrol and diesel-powered models. The ... The 10 fastest-depreciating electric cars What Car? www.whatcar.com › best › the-10-fastest-depreci... 10 Aug 2024 - Here, we use our residual value data to reveal the 10 models that lose the biggest percentage of their original price during the first three years of ownership. Electric car depreciation - An in-depth guide We Buy Any Car www.webuyanycar.com › Electric cars In this guide, we will cover the major depreciation factors that affect EV owners - and examine how EVs compare to ICE cars in the depreciation stakes. EVs Are Losing Up to 50 Percent of Their Value in One Year WIRED www.wired.com › Business › Electric Vehicles 16 Aug 2024 - Some electric car brands are hemorrhaging value, with the worst losing as much as $600 a day. In this investigation, WIRED outlines which models to watch. The Truth About EV Depreciation & How Leasing Helps Carparison www.carparisonleasing.co.uk › blog › the-truth-... 21 Dec 2023 - Electric car depreciation is the decrease in value of an electric car between the point of purchase and the point of sale. Electric Car Depreciation: What You Need to Know Gold Stag Accounts goldstagaccounts.co.uk › Resources New data from Carwow reveals that electric cars have lost an average of one-third of their value in the past six months compared to just 0.5% for petrol ...

[@sullivanrachael]

The EV thing is all about removing the personal car from ordinary people. EVs are just too expensive compared to ICE. When cheap old ICE cars begin to wear out, people will do a Cuba and keep them going, or buy a bicycle.

[@jameschilton3556]

Unfortunately VW is probably going bust. It loses £1000s on every BEV it sells and is shutting down factories. While it still makes a profit on its ICE cars, this is a short term reprieve.

[@GrahamNewman-mq7gr]

One has to " Start thinking" are the MANUFACTURERS giving some financial contribution to these EV influencers . The volume of this EV unwanted / unselable / grossly overpriced product lying around the world is unbelivable . Dumping by " Chinese" in ETHEOPIA AFRICA ssys it all. They do not have enough Electricity to keep the lights on !!.

[@Grahamvfr]

What's this obsession with depreciation lately... If you don't buy an expensive thing and sell it soon after..well it's not an issue. I bought a side of chips the other day for £2... didn't eat them, couldn't sell them, they depreciated 100%.

[@BarrieCrampton]

Very insightful, thanks for your input, when you come to sell it, a used EV is like a plate of cold chips

[@Grahamvfr]

@BarrieCrampton Which is great news for tight arse second hand buyer like me haha..👍👍

[@BarrieCrampton]

@ yep, it’s not but, would take too long to explain

[@Grahamvfr]

@BarrieCrampton appreciate your replies, cheers Barrie 😊

[@Culbokie_croft]

Its expensive being a cool progressive demonstrating climate justice (climate alarmism) and buying an EV.

[@Pfessor_Moriarty]

Why in God's name would you travel across Europe in an electric vehicle?

[@angleseyandy9110]

Limited to 18 miles a day on the lease too, or get stung for charges!

[@MartinLovasz-r7r]

So what he is saying is that we should break out our time machines and get the earlier deal?

[@bobbadham261]

EV owners need to buy a real car just for the winter coz most EVs hibernate n only work in summer!!

[@Aimless6]

Sooooo.... Just lease for 24 months and give it back when the ashtrays are full.

[@alanmikkelson8691]

The answer is simple don’t buy it .

[@stephenhargreaves381]

Carrot & stick !

[@michaelgodbold6247]

6,000 miles a year . A normal person will do that in 8-10 weeks .. What would you have to pay at the end of contract??

[@angleseyandy9110]

And he thinks it would be good for touring Europe? He needs to look more closely!

[@alanwllms5172]

​@@angleseyandy9110 irony

[@Markcain268]

6000 is about right, the UK average is 5000 to 8000 miles per year, some people aren't so dependent on cars as others.

[@angleseyandy9110]

@@Markcain268 that figure is skewed by the millions of pensioners that only go to the supermarket once a week. Besides, it's Barrie who is doing the maths. He is looking at the cost of leases based on 6k, for a vehicle for himself

[@leobrown6875]

My wife has the 1st I'd buzz edition it's a great car and so cheap to run so many people that don't know jack about electric cars and people in th repair came talk them down because they aren't making any money on repairs etc .this car cost no more than 10 quid a month in electric

[@BarrieCrampton]

But tens of thousands in depreciation which makes it not cheap to run

[@pjdarcy]

My EV will be four years old next summer. I used to always trade in my ICE cars for a new one every four years, but I'm keeping my EV due to the ridiculously low resale values. Ahh well, i suppose it's best for the environment anyway.

[@69spook]

You were done...😢

[@cloudbasenirvana]

They are far, far, far worse for the environment over their production and life cycle.

[@69spook]

@cloudbasenirvana Built in China with coal fired power stations. All good 👍

[@pjdarcy]

@69spook I don't regret it, to be honest. I really like it and it's incredibly cheap to run. EVs certainly aren't for everyone, but mine suits my needs perfectly.

[@pjdarcy]

@cloudbasenirvana I agree that their production is in no way environmentally friendly, and the suffering of the people in the precious metal mines in parts of Africa is horrendous, but there is a tipping point in their life cycle where the environmental impact is lower than the standard ICE car. Living near a busy road, the things I like most about EVs are that they are quiet and there are no exhaust fumes to inhale.

[@BarrieCrampton]

😂😂😂😂

[@Alantj22]

Barry doesn't seem to get that EVs are going to continue rapidly getting cheaper and better for many years to come. Also he doesn't get that almost no one cares about dealers/lease companies losing money. Some may go bust because of it but they will be replaced by others.

[@BarrieCrampton]

Alan doesn’t get that customers aren’t prepared to pay the price an EV costs to make, and the manufacturers are going to go skint if it continues this way causing mass unemployment, Alan would only care if it was his job on the line 😂

[@lesn4528]

I don't understand what you are moaning about.. lease companies are businesses and need to make a profit. If you can't afford it then get a n ice van.

[@BarrieCrampton]

You should have left it at “dont understand”