Do we have a MAJOR PROBLEM with EV depreciation? Case Studies.

  Рет қаралды 198,222

Geoff Buys Cars

Жыл бұрын

After my first video proved quite popular, Geoff has some more to add, and some key questions about EV ownership. Will you be getting another one...? And just how bad is the depreciation on some of the most popular EVs?
#ElectricCar #EV #ULEZ #News #Cars #ClassicCars #Tesla

Пікірлер: 2 436
@TheMacMaster
@TheMacMaster Жыл бұрын
Sell you my Taycan for £85k. 😂 I won't be buying another.
@GeoffBuysCars
@GeoffBuysCars Жыл бұрын
£85k would get me 85 cars, thats my issue really, ha ha.
@johnclarke2997
@johnclarke2997 Жыл бұрын
Isle of Skye Video was good. As for the route, I wonder if the route planner when planning a route from Leeds to Isle of Skye was taking EV charging points into consideration ?. All route planners I have go via Glencoe and Fort William.
@stuartwood5448
@stuartwood5448 Жыл бұрын
So if I buy these knocked down priced EV will I be picking up a bargain or will the price continue to depreciate at the same rate- any stats on this
@mandismith89
@mandismith89 Жыл бұрын
@@stuartwood5448 problem with ev cars is that its just a trend and nothing else while people are having their bank accounts raped
@brianmays4366
@brianmays4366 Жыл бұрын
​@@mandismith89It is a fad being forced on us by the government, remember when the government told us that diesel was the future! All ICE cars are to be gone by 2035 and I think private ownership is to be phased out by then. What a shxt show! This is the end of the UK we will be reduced to a third world country
@goldilocks913
@goldilocks913 Жыл бұрын
Two things amaze me- how much EV’s lose, and how people have that sort of money to begin with 😂
@trevorsmith7753
@trevorsmith7753 Жыл бұрын
@@carlcollins6659 Only some.
@tonysheerness2427
@tonysheerness2427 Жыл бұрын
@@carlcollins6659 When you get a company car you are BANDED, only the top people would get a car worth 40k upward
@Tube-Shots
@Tube-Shots Жыл бұрын
they cant afford it they'll have to sacrifice other things like holidays and days out with the children cause they were crazy daft with their credit, window shopping online when your drunk, leads to these kinds of problems, its not like buying clothes that you can easily send back LOL
@tonysheerness2427
@tonysheerness2427 Жыл бұрын
On affordability how much does a tyre cost on EV;s
@John_Wood_
@John_Wood_ Жыл бұрын
@@TeaBreak. doing a 'ton of miles' is exactly what an electric WON'T do!
@nautique1970
@nautique1970 Жыл бұрын
I never have & never will burn 60k on a scalelectric 💥
@richy69ify
@richy69ify Жыл бұрын
Citroen Ami, Renault Twizzy, Sur-Ron Light Bee.
@nautique1970
@nautique1970 Жыл бұрын
@@richy69ifyThere not cars there matchboxes
@richy69ify
@richy69ify Жыл бұрын
@@nautique1970 60K EVs are living room on wheels. I bet not many here fill the 5 seats in the SUVs more than once every few months.
@marclang7431
@marclang7431 Жыл бұрын
​@@richy69ify none of those are actually cars.
@harrish6
@harrish6 Жыл бұрын
The EV thing is very much the same as the jibby jabby controversy . All those who bought into it would never admit that they had got it wrong even now when it has injured (or worse) so many.
@jonb5493
@jonb5493 Жыл бұрын
You mean like brex$hit?
@entity_dragons2013
@entity_dragons2013 Жыл бұрын
I'll admit I got it wrong
@johnsullivan5101
@johnsullivan5101 Жыл бұрын
I got 5 Covid injections and they had zero impact. Everyone I know did the same and they are just fine. After billions of injections if there were any actual significant real-world side effects we would know.
@briantitchener4829
@briantitchener4829 Жыл бұрын
@@jonb5493 You'd never admit it was right to be free of a controlling cabal.
@chaseshadow
@chaseshadow Жыл бұрын
Oughhh that will sting a few - Deniers 😂
@jonathanfrankel6787
@jonathanfrankel6787 Жыл бұрын
I had to do an airport run last night in the company Peugeot E 208. I started with 121 miles. It was scary losing 15 miles up the hills. At one point I was down to 55 miles and was seriously worried about my range. However I managed to get about 20 miles back on the hills down from Bristol airport . Still I had to drive at 40mph on the 60mph which wasn’t an issue at 3.30 AM. All the same, as nice as the car drives I couldn’t help but think how my D4 Volvo diesel would have done the whole thing with zero anxiety and probably not even lost any range.
@MyrKnof
@MyrKnof Жыл бұрын
Dont look at miles left, look at %. Why do people do this? They never did this in gas cars, because those numbers where also NEVER ACCURATE. But ooh no, NOW its a fucking problem and cause for anxiety?
@carltonholmes8061
@carltonholmes8061 Жыл бұрын
That’s because you’re fecked, if you run out of miles and your battery goes flat, unlike the diesel or petrol when you can refill at any station. Just for your interest, I always check mileage left on my diesel as a rough guidance.
@SleeveZipper
@SleeveZipper 11 ай бұрын
Anxiety is something you have when getting an EV but after less than a year I’m not worried at all. You end up knowing the car perfectly fine
@davidwatkins5317
@davidwatkins5317 9 ай бұрын
As an ICE owner the only time I suffered milage anxiety was during a petrol shortage while on holiday in Yorkshire. Instead of deluding themselves, perhaps some EV owners should be more honest and say they hate worrying about milage when unable to home charge their cars.
@SleeveZipper
@SleeveZipper 9 ай бұрын
@@davidwatkins5317 It's a nuisance for sure. But for me it's not a big issue and EVs are a way to spare the environment.
@mccarthyjohn576
@mccarthyjohn576 Жыл бұрын
Blimey!!!!! As Lee said, "In 10 years there will be ads on TV, 'Were you sold an EV?'......." its VW diesels all over again. IT'S ALL A SCAM.
@tonysheerness2427
@tonysheerness2427 Жыл бұрын
A scam including, banks, insurance companies, car manufacturers and governments. In a real world without subsidies these would never have taken ff. When governments work with corporations isn't that Fascism?
@DavidMartin-ym2te
@DavidMartin-ym2te Жыл бұрын
10 years? It ain't going to take that long.
@KentBuchla
@KentBuchla Жыл бұрын
Silly. It will be mandated by law. I bought my model x in cash and will drive it until it is dead. Best selling car in the world in May 2023? Model Y. You guys have your heads in the sand and only site worst case scenarios based upon old or current tech. It will only get better. Moore’s Law, Luddites.
@tonysheerness2427
@tonysheerness2427 Жыл бұрын
@@KentBuchla Odd it has taken over 140 years for EV's just to catch up.
@GG-ml3vr
@GG-ml3vr 11 ай бұрын
​@@KentBuchlaAnd your car looks like a childs toy.
@Nellie-H
@Nellie-H Жыл бұрын
We all will pay a steep price for this even never ever having an EV myself! People just don't get it yet.
@ArcanePath360
@ArcanePath360 Жыл бұрын
It's one reason supermarkets are putting food prices up so much. They have to cover all the cost of infrastructure and maintenance on their useless chargers that are all out of order in winter due to condensation. They try to entice you with free (at first) and then cheaper electric, but you can never get on one that works and even if you can, they make back the money when you go in the store.
@Lewis_Standing
@Lewis_Standing Жыл бұрын
​@@ArcanePath360are you all this conspiracy theory crazy here?
@ArcanePath360
@ArcanePath360 Жыл бұрын
@@Lewis_Standing Yes.
@doublebackagain4311
@doublebackagain4311 Жыл бұрын
We are Already paing the price, as regular ICE car prices are raised to cover the costs of building EV's. PS: Just give it a few years & watch electricity prices double (at least)
@3927ap
@3927ap Жыл бұрын
A friend of mine was able to return her EV to VW after 6 months because she threatened to sue them under the trades description act, when it turned out she could only get 80 miles range in the middle of winter. Maybe try that position.
@ggee7391
@ggee7391 Жыл бұрын
You can reject any cars or motorcycle in the UK under consumer law if it does not match advertised claims or is not of merchandisable quality - that includes car that have continuous warranty problems. Dealers will just give you your money back rather than argue the toss.
@marksilgram80
@marksilgram80 Жыл бұрын
​@@ggee7391only if what is stated in the ad hasnt got an astrix next to it with small print underneath or the word approx....
@virginiaviola5097
@virginiaviola5097 Жыл бұрын
That would be a joke in Australia. That’s less than one day’s ordinary driving..kids to school, work, shops..bare minimum.
@Jeremy64444
@Jeremy64444 11 ай бұрын
I don't believe her, because I know a dozen people who want to return their VW EV and are just ignored.
@Greggspies
@Greggspies 11 ай бұрын
​@@virginiaviola5097Where is bare minimum
@raymck2115
@raymck2115 Жыл бұрын
Great Video, and you are right. They are showing crazy depreciation currently as they were initially overpriced, but all cars depreciate at an alarming rate, especially luxury models; smaller cars and cheaper cars will always hold their value better as there is more demand for them with more buyers in the market pool. I have an old 635D that I bought for no money, and I will keep it as it would only lose a little money over the next few years ( Plus, it drives so well). I have a 2016 A7 that I purchased from a dealer two years ago at 23.5k, and now it's worth 18k, so again, the intelligent thing to do would be to keep it. Also, we need to remember that all cars two years ago were overpriced due to demand out stripping supply; the market in now rebalancing. I like the idea of having an older car and keeping it well-maintained. Not only do they look great if they're mint. I do fancy an AV as a runaround, but you have to charge it at home and use the lower night charging rate; there are many pros and cons. Just be sensible and do the maths. Thanks, happy motoring
@5ebra1
@5ebra1 Жыл бұрын
If a political party pledged to cancel 2030 they would pick up a lot of motorists votes.
@neilg4208
@neilg4208 Жыл бұрын
UKIP
@richy69ify
@richy69ify Жыл бұрын
one commentator here reckons car prices will rise 10% each year, so that will price me out of a new car
@ogasi1798
@ogasi1798 Жыл бұрын
@@richy69ify the prices do not matter as the game of 2030 is to have you out of your car, it is to have you out of your arse and anything else basically
@djparr4727
@djparr4727 Жыл бұрын
IMO the first political party that dumps this ridiculous net zero tripe wins the next election. Starmer wouldn't even back the London ULEZ expansion today. They've done the research and they've realised people are starting to understand what this net zero religion is going to cost them and how much it's going to curtail their freedoms and they don't like it.
@xperyskop2475
@xperyskop2475 Жыл бұрын
All political parties are bought if you dont realize this after CON19 and J@Bs don't know what to tell you
@anderajohn133
@anderajohn133 Жыл бұрын
I’m so very grateful I didn’t get caught up in the hype. As soon as I saw the price difference it was a no! Finding out about all the ownership issues just made it worse 😂😂
@nickg2431
@nickg2431 Жыл бұрын
ALL the things i have been banging on about EV,s for years for are helpfully told by this gentleman to the wider public.Thanks Geoff.
@riksstuff.6429
@riksstuff.6429 Жыл бұрын
This will cause a problem in the car finance market as the vehicles come off the PCP & the finance companies aren't getting their money back.
@bobdog4379
@bobdog4379 Жыл бұрын
Well spotted.😂
@tonysheerness2427
@tonysheerness2427 Жыл бұрын
They are between a rock and hard place. If people stop paying their leases and they impound the car no one is going to buy it. They will lose the money that has not been paid
@chromiumphotography5138
@chromiumphotography5138 Жыл бұрын
My heart bleeds for them, poor souls. What ate they going to do when there is nothing other than EVs to finance?
@GFY127
@GFY127 Жыл бұрын
@chromiumphotography5138 yes but it's the next person who goes to finance their dream car that will have sky high interest rates... these finance companies always win. The buyer always loses in the long run
@tonysheerness2427
@tonysheerness2427 Жыл бұрын
@@GFY127 If the depreciation worsens finance companies will go under
@chris3385zzzz
@chris3385zzzz Жыл бұрын
Isn’t this the aim to make reasonable travel by any means inaccessible (or the accepted norm?) to the masses?
@dr_jaymz
@dr_jaymz Жыл бұрын
Correct. The inconvenience is the exact point. Theres no replacement for the car, and that's on purpose.
@scudosmyth784
@scudosmyth784 Жыл бұрын
Correct and that will include cruises and flying.
@daleskidmore1685
@daleskidmore1685 Жыл бұрын
@@scudosmyth784 The electric planes in development now are to put everyone off flying.
@djparr4727
@djparr4727 Жыл бұрын
Yes, yet apparently these politicians work for us... We need to make some seriously big changes to who we elect.
@alanjm1234
@alanjm1234 Жыл бұрын
​@@djparr4727no, we work for them. Didn't you get the memo?
@SCR-ce2fs
@SCR-ce2fs Жыл бұрын
Just watched your videos for the first time. LOVE IT. I only drive old luxury petrol cars and if you look after them they are reliable, lovely to drive and either hold their value or tick up. Perfect!
@robertgascoyne8194
@robertgascoyne8194 11 ай бұрын
Same here 👍🏻
@user-zm8ov6hc7s
@user-zm8ov6hc7s 8 ай бұрын
I bought a 19 year old Mercedes E320d one year ago for £1950. Spent a grand bringing it up to spec. Just passed mot with no issues. Great mile muncher and super comfortable. 5:33
@panzervalkyrie9299
@panzervalkyrie9299 6 ай бұрын
Yup me too picked up a 08 bmw 540i v8 with only 21000kms for NZD 16k (£8000) in Mar 2022 at peak EV craze. Its amazing! So reliable. Only issue so far after 25k kms is rubber boots replaced on suspension . Does average 700km per full tank . ( 80% rural driving) . It’s so luxurious AC superb in our 80% 28 deg c humidity here and looks awesome compared to most modern cars IMO . I honestly like it more the longer I own it. Great feeling too knowing your saving $10s of thousands p.a compared to all the EVs here in my city Auckland. There everywhere now .
@sagalout
@sagalout Жыл бұрын
Had an iPace for 3 years on a lease as I was a little worried about longevity. Loved the car but decided to replace with a Tesla Model Y which I bought outright - plan to keep it a minimum of 10 years as I’ve retired. I’m not an EV evangelist as such - I love my petrol bikes and am looking for a classic V8, but do love EV as a practical daily.
@chrissmith4022
@chrissmith4022 Жыл бұрын
Sadly your battery won’t last 10 years without significant loss of efficiency and eventually failing completely. Don’t hang on to it for too long as older EVs with failing batteries will be worthless just landfill
@sagalout
@sagalout Жыл бұрын
@@chrissmith4022 Nonesense scaremongering. Plenty of 10 year old Teslas out there already with batteries still at 85-90%.
@hughmarcus1
@hughmarcus1 Жыл бұрын
@@chrissmith4022nonsense. The vast bulk of Nissan Leafs are still on the road & the early ones are 12 years old now.
@jasonswann335
@jasonswann335 Жыл бұрын
@@chrissmith4022that’s utter rubbish. ICE cars also lose performance across 10 years too. Do some research and stop pedalling myths created by the oil industry funded media.
@juliegwilliam8503
@juliegwilliam8503 11 ай бұрын
Looking on the bright side ....you won't need to buy a coffin of pay for cremation, it comes free with your EV 😜
@BillyNoMates1974
@BillyNoMates1974 Жыл бұрын
My Dacia Duster was three years old on a PCP. Chopped it in for another Dacia. Brought at £17,500 in 2020. added 16,000 miles on it and now its for sale for £17,250 ! Never expected a Dacia to depreciate by that small amount.
@John_Wood_
@John_Wood_ Жыл бұрын
how did you find them? I quite like them in orange with steel wheels.
@BionicRusty
@BionicRusty Жыл бұрын
I had a petrol XC40 which was £41k new. I had it for 2 years before I chopped it in. It was on the forecourt for less than a week before it sold. (Didn’t need valeting because I’m an avid detailer) It was up for £40,000.
@BillyNoMates1974
@BillyNoMates1974 Жыл бұрын
@@John_Wood_ brilliant cars. Very undrrated by journalists (The genuine motor journalists rate them). I am currently on my fourth Dacia. Had two Dusters and two Sandero Stepways. They dont handle like a mini or a fiesta but you wont be paying those prices either. Had a Duster 1.5Dci - 50Mpg day in day out Sandero 0.9l - great town car but a little strained on the motorway Duster 1.3l 150 Bhp - Sh1t of a shovel but fuel economy wasnt great at 36Mpg Current Sandero stepway - very good motorway cruiser (especially in auto gearbox. nice low revs), if a little slow off the mark.
@Herbal69
@Herbal69 Жыл бұрын
@@BillyNoMates1974 Does that make James May a genuine motor journalist?
@hefinjones3385
@hefinjones3385 Жыл бұрын
I wouldn't touch them with a barg pole like committing financial suicide.
@Steve-gc5nt
@Steve-gc5nt Жыл бұрын
I've a friend who laid out £57k cash money for a Skoda EV just a couple of months ago. He already calls it "that bloody thing".
@GeoffBuysCars
@GeoffBuysCars Жыл бұрын
Get his numberplate and mileage, I bet it's £35k now....
@DUB-sential
@DUB-sential Жыл бұрын
That's an expensive mistake
@philiptownsend4026
@philiptownsend4026 Жыл бұрын
A few years ago if someone said a Skoda would cost £57K you'd buy them a bus ticket to the loony bin.
@saynotothegreatreset
@saynotothegreatreset Жыл бұрын
If you show him this video he slash his wrists 😊
@carlarrowsmith
@carlarrowsmith Жыл бұрын
Those Skoda's EVs are crazy money, they do a base spec and then have way too many option packs, which confuses the dealers and second hand market. People are spending 10k+ on options which they loose in value straight away as the second hand markets doesn't value them.
@orchidhouse297
@orchidhouse297 Жыл бұрын
I bought my Peugeot 4007 for twelve K in the year 2000 It's now worth about 2 or 3 K. At 85 K miles it is good condition, dealer maintained, returns 45 mpg and is totally reliable. I have no intention of swapping for anything else.
@rabbitingon2503
@rabbitingon2503 Жыл бұрын
Hi Geoff, loving the videos! Our family car is a 52 reg mk4 golf tdi 1.9pd. Part exchanged it for 1.2 fiat Punto plus £2000 12 years ago, other than general maintenance it’s been an absolute dream and with not even 150,000 she’s still got plenty of life in her. How many EV life’s would it out live I wonder, a lot more cost effective and economical in the long run I bet.
@kevinpeters5000
@kevinpeters5000 Жыл бұрын
Apart from first generation Leafs, I would expect nearly all BEVs to achieve similar and more. Whilst also spewing less pollution into the environment.
@rabbitingon2503
@rabbitingon2503 Жыл бұрын
@@kevinpeters5000 not to mention the mining of lithium, the manufacture of lithium batteries, the weight of the cars increasing tyre wear, brake wear etc. plus batteries being hazardous when the life of the battery comes to an end, which isn’t going to last you 12 years anyway. My golf will still be going for another 12 years and can fully recycled on its final day. #buildthingstolast
@kevinpeters5000
@kevinpeters5000 11 ай бұрын
@@rabbitingon2503 what the hell are you wittering on about? If you’re still driving a 52 plate in 12 years, then I feel sorry for you. At, say, 300,000 miles you will have added 65 tonnes of CO2 to the atmosphere as well as high amounts of particulates and NOx, especially as you don’t have a DPF. By your argument we should just stop making new cars because we would all be better off driving 20 year old bangers. Have you heard of Dunning-Kruger?
@BartMGRX
@BartMGRX Жыл бұрын
The ev story is completely falling apart and I'm loving it. To celebrate I'm going for a drive in my 20 year old V6 MG that's worth more than I paid for it 8 years ago.
@GeoffBuysCars
@GeoffBuysCars Жыл бұрын
I love this comment
@joebloggs4191
@joebloggs4191 Жыл бұрын
Now that's a proper MG not like the crap coming out of China now with MG stuck on the front.
@tilerman
@tilerman Жыл бұрын
My run around is a 2005 Fiat Van. Had it 9 years, never once let me down, it's in great condition, paid £2500 for it so it owes me less than £300 a year. And as ULEZ approaches, i need to sell it and been offered £1000, so it owes me just over £100 each year I've owned it. Now that's cheap motoring!
@dcarbs2979
@dcarbs2979 Жыл бұрын
I'm driving the sister (Rover) car.
@bentullett6068
@bentullett6068 Жыл бұрын
​@@joebloggs4191I can vouch from what I have heard from my brother who currently works at a volvo, polestar and MG dealership that the new MG's are built terribly. Saying that the Polestar's aren't that great either reliability wise.
@finalmckinney4680
@finalmckinney4680 Жыл бұрын
EV propaganda can't hide the fact that no one wants them. Thanks for the real world facts
@derekr1113
@derekr1113 Жыл бұрын
True - poor people like you cant afford them
@charlessmith2469
@charlessmith2469 Жыл бұрын
Autocar - The top 10 best-selling cars in Europe 2023 - at no 2. Tesla Model Y, 21,530 sales, +1838% year on year
@ianhamilton3113
@ianhamilton3113 Жыл бұрын
I have one and I would never go back to ICE. So you are talking out of your backside. "no one wants them." You had better tell 35000 people who bought them in June.
@ianhamilton3113
@ianhamilton3113 Жыл бұрын
Sorry, I said 35000 buyers but I was wrong, it was actually over 31000. Do apologise for that.
@gilleyb1900
@gilleyb1900 Жыл бұрын
@@charlessmith2469thats because they are lease or fleet cars not private buyers thanks to the BiK, the lease price will go through the roof as depreciation is so bad.
@CeeRTee
@CeeRTee Жыл бұрын
Did a fair amount of shopping for an electric car recently as the wife thought she wanted one, couldnt believe how blasé the sales people seemed to be about 1 the price new, and 2 the depreciation, they just keep pushing pcp telling you not to worry about it as it's only "xx per month". Ill keep my old reliable cheap to run 16 yeah old Skoda thanks. Great videos as always, keep up the good work.
@Ross6041
@Ross6041 Жыл бұрын
@CeeRTee the salesman is right, you only pay the PCP price. The depreciation is their problem, they are supposed to price it in to the PCP correctly. Sounds challenging for them judging by this video.
@billgreen576
@billgreen576 9 ай бұрын
Yeah Geoff but my understanding is that before the ink is dry on the sales agreement all new cars lose about 40% regardless of the fuel. So why should overpriced EVs be any different?
@AlexLancashirePersonalView
@AlexLancashirePersonalView Жыл бұрын
Your my hero, Geoff. You will kill the EV market single handed. 🗡🗡
@GeoffBuysCars
@GeoffBuysCars Жыл бұрын
I am trying. I filmed 3 today, the other two get progressively less serious because I couldn't keep it together when reading the articles!
@andytunnicliffe7223
@andytunnicliffe7223 Жыл бұрын
The only thing that will kill him, is being suffocated by the amount of BS he produces.
@KKandEV
@KKandEV Жыл бұрын
Oh god🤦🏻‍♂️🤦🏻‍♂️🤦🏻‍♂️
@jimjones-bk2is
@jimjones-bk2is Жыл бұрын
Why would this be a positive thing in your view? Do you like breathing poison?
@coastliner5848
@coastliner5848 Жыл бұрын
@@andytunnicliffe7223 No for suffocating amounts of BS that's the "climate change" cranks & zealots
@0skar9193
@0skar9193 Жыл бұрын
How much are main dealers reselling used ev's for? Would be a good comparison to see what they are offering to buy them back at and then what they sell for. I smell a scam.
@davidsworld5837
@davidsworld5837 Жыл бұрын
it is a scam buy it cheap then double the price to sell on. it is fake, people sell due to they have to take any offer so dropping the value.
@pussinboots1145
@pussinboots1145 Жыл бұрын
There was a dealer on the radio last week and he said he had two EVs on his forecourt £2000 less than he paid for them and they're not selling.
@robg521
@robg521 Жыл бұрын
Almost all new EV cars are company cars and/or are lease hired, where every 3 or 4 years they just replace the car with a new one. This situation isn’t going to play out until about 3 or 4 years time when the current lease hire deals expire and the market is flooded with 2nd hand EV cars that they can’t sell.
@bat33.12
@bat33.12 Жыл бұрын
i wonder how many dealers will be keen on taking in used EV's when lease companies start offloading them once the lease is up? Then we get to lease companies looking at how the market is going and bumping up monthly lease costs to cover the high depreciation. Those telling us how clever they are because they leased rather than bought their EV so depreciation isn't an issue, are going to look a bit sick once lease companies adjust for the potential losses they are facing if the EV market continues as it is
@davidsworld5837
@davidsworld5837 Жыл бұрын
@@bat33.12 how many deals want you to know what thee mark up is. not many will tell the truth about what they paid for a car
@garnetheron4885
@garnetheron4885 Жыл бұрын
My diesel Volkswagen bought it 22 years ago I think for about $21,000 I was offered $8000.06 months ago. Of course I said no because it’s irreplaceable now.
@leedstown
@leedstown 11 ай бұрын
The top 10 depreciating cars for July were all electric Ev's. The biggest faller over 12 months was the Tesla model x that lost 29%, also in the top 10 was the Aidi e tron,, Jaguar I pace,, bme i3,, cheers Mark
@nigelrowe2204
@nigelrowe2204 3 ай бұрын
As expected with expensive cars to begin with. The biggest faller though was a Vauxhall Mokka E - but it's more expensive than a Tesla 3...
@John_Wood_
@John_Wood_ Жыл бұрын
My snooty neighbour bought a new tesla 6 weeks ago. I've notice he has had a courtesy tesla out about 4 times in 6 weeks. The new motor must be giving serious problems.
@harold6863
@harold6863 Жыл бұрын
They love to virtue signal😂
@rbnhd1144
@rbnhd1144 Жыл бұрын
we can only hope.
@douglasmorris8364
@douglasmorris8364 Жыл бұрын
I bought a used EV recently purely for the reason that I have more solar than I can use and I really like it for basically free fuel and pottering around locally, plus its a really nice drive. However, I'm never getting rid of my trusty 2013 508 SW diesel with a 900 mile range full tank. Good vid sir.
@bentullett6068
@bentullett6068 Жыл бұрын
For local short trips there is no denying they work. But the way they are being marketed is that they are better than sliced bread and will do exactly the same distances as the petrol and diesel cars will do.
@ItsAllJustBollox
@ItsAllJustBollox Жыл бұрын
@@bentullett6068 the majority of UK car is is short trips
@bentullett6068
@bentullett6068 Жыл бұрын
@@ItsAllJustBollox they are but if you live in a flat or terrace house with on street parking and don't have full access to a charge point your only option is visit a charging point to top up on electricity. Plus if you do require to go longer distances in a EV you will struggle as the cars actual range is less than what is quoted on the Internet or brochure.
@ItsAllJustBollox
@ItsAllJustBollox Жыл бұрын
@@bentullett6068 for the majority of car use they work well I can speak from experience I do a 50 mile a day commute the majority of car owners do far shorter daily use. If I was doing hundreds of miles a day all over the country every day I would not have an EV I would have a petrol or diesel car in the same way if I was doing hours on the motorway every day I would not have a tiny city car its not the tool for the job. People seem to think a car needs 600 miles of fuel range to work yet do 10 miles a day except the one or two times a year where they go further. Why doesn't everyone drive a big box van instead of a car just in case they need to collect sonething big once a year?
@cashkitty3472
@cashkitty3472 Жыл бұрын
​@@ItsAllJustBolloxmy car does not do shirt trips I walk around the city and use it when I have to drive to another city
@-A-lm5xb
@-A-lm5xb Жыл бұрын
It's not just the purchase cost, inconvenience of trying to find a charger, hoping it works or isn't busy when you eventually find it (because they're not always where the maps say they are), worrying if you're going to have enough charge to get there, have to plan your journey to make sure you do find one, then have to wait for it to charge, put up with service station crap at top prices while you're waiting, sit in their plastic cafe or sit in the car while it's charging if it's freezing or raining, and so on. But that's all you ever get from EV fans, "you're wrong", no matter what the facts say, no matter what the experience is, no matter what the stats say. Heads stuck in the sand whilst wearing their rose tinted glasses.
@roxximusik8958
@roxximusik8958 Жыл бұрын
You are so right, bro.
@rreagan007
@rreagan007 Жыл бұрын
I think the disconnect is that people expect to use an EV just like they have always used ICE cars. If you're the kind of person who drives to 30-60 miles a day to work or wherever and you get home and just plug in your EV every night, then an EV works just fine. But if you want to drive from full to empty then go to a charging station to recharge like you're going to a gas station, or you drive over 60 miles per day or you like to go on long road trips, then you're probably going to be disappointed with an EV. EVs work great for people who have a lifestyle that is compatible with them. For other people ICE vehicles are a better choice.
@-A-lm5xb
@-A-lm5xb Жыл бұрын
@@rreagan007 Yes, almost certainly that's the issue for many people but it's more than that. What people cannot accept is that we're in the 21st century and don't expect to go backwards in any way, like having to plan your long trip for charging purposes, or spend a lot of time charging your car and at double the price that you normally pay for your fuel on the odd occasion that you do go away from home. Days like bank holidays must be an absolute nightmare. I saw half a dozen Teslas queueing in a not particularly busy motorway service area last bank holiday Sunday, and that was only 10 a.m. Now Tesla have opened up their charging points to other brands - and make no mistake they have done it for profit, not for the befit of mankind - it's likely to get worse rather than better, as Tesla chargers will now be much busier and the powers that be are likely to feel less pressure to improve the network quickly, which I don't think they should be doing at taxpayers expense anyway. But I think the main opposition rises rom the fact that they're being forced upon us whether we want them or not. That is not how a democracy is supposed to work and many people, myself included, see it being more about control as our states become less of a nanny state and closer to a police state. The EV brigade don't help with their attitude which seems to be something like "These are the future so you'd better get used to the idea whether you like them or not", and that is not how it should be. If they were that good there should be no need to push them, they should sell themselves.
@severnsea
@severnsea Жыл бұрын
@@mikebreen2890 There are so many issues with your statement that I don't know where to begin, but here goes. Of the few people that are buying these - and it is a small percentage of the overall new car buying public, despite the incentives and huge price drops - there will always be those who don't want to be outdone by their neighbours, as they see it, but that doesn't mean EVs are any better. The "naysayers", as you call them, are in the vast majority at the moment, the sales figures prove it, in fact the ratio of ICE cars sold to EVs is so big that it's not even a debate. If that's what people prefer that doesn't make them look stupid, in fact it makes you look stupid for even suggesting it. You must remember that this about CHOICE, and if you're trying to take that choice away from people then you're a lot worse than stupid. "There are still issues with public charger reliability, availability and ease of use". Correct. "Unfortunately, EV take up is outpacing charger installation". Correct. Now try putting two and two together and see what you come up with. I'll tell you - your second point makes a complete mockery of the rest of your statement relating to public charging, because it means that the situation is getting WORSE, not better. More cars per charger means more difficulty charging, so no, the issues are not being tackled, they're being ignored. There is no evidence whatsoever that there will eventually be enough chargers for everybody, all we hear from you lot is "it will get better in the future" but that's no good to us now and there's nothing currently happening at a fast enough pace to suggest it will get any better - you admitted it yourself! Let's continue shall we? "Availability is an issue" - Correct. "EV's are becoming so popular... " - Incorrect. VW, Mercedes and others have had to pull back production because people are not buying them in the numbers expected. Even the supposedly popular Tesla even had to cut prices by 20% at the beginning of the year to boost sales, the highest discount EVER given by ANY motor manufacturer in the entire history of motoring. Had they been as popular as you claim then those discounts would have been made by ICE car manufacturers because they couldn't shift them, NOT an EV manufacturer. Depreciation and affordability - Yes, they are becoming more affordable on the used market BECAUSE of depreciation. That's not a good thing for those who bought new or those tied into an expensive leasing contract. Heavy depreciation is a bad thing, not a good one and is one of the main reasons that most people are not buying EVs. Your argument is now beginning to look really silly, we're three-quarters of the way through dissecting your post and you haven't come up with a single good point that would make anybody want to buy yet. Whether you want to call them rich people's toys or not is up to you, I've never heard anybody use that as an argument against them. They are more expensive than ICE cars for an equivalent specification and size without a doubt, and insurance and tyres are generally more expensive. Even the Tesla Model 3 is the top insurance group, in a far higher group than my Jaguar and the tyres, although smaller, are more than double the price for the same brand of tyre. So given that buying a car is expensive, especially in the UK, it's obvious why most people don't want to pay even more for something that's more hassle, because you can argue as long as you like but until you can fill up and go in 5 minutes from just about anywhere in the country they're less convenient, and I and many other people do not want that, simple as. As for servicing, the cheapest price I've heard of is £200 from Tesla and that seems expensive to me on a car that apparently has nothing that needs to be serviced. You'll currently have to use a main dealer, which are top price, whereas you can get car serving done anywhere now very reasonably. New car buyers are generally not that bothered anyway as it's generally covered in the lease price. Finally, you keep telling us about "the benefits of EV's" but apart from cheaper home charging, which is no good to half the country because they can't charge from home, you haven't managed to name a single one in this or any other of your countless posts. Carry on trying to convince yourself, because you're not fooling anybody else.
@severnsea
@severnsea Жыл бұрын
@@mikebreen2890 Sorry, but you don't get to write as much EV nonsesne as you want then decide how long a reply should be. You either want to debate your case or you don't. I assume therefore that you don't. I don't care either way, I have better things to do anyway.
@harryhickinson5990
@harryhickinson5990 Жыл бұрын
I bought a new Skoda Enyaq in December 2022. It cost £41K. I have covered 2,000 miles. We buy any car has offered me £24K. Never again will I go down the EV route. It’s not just the depreciation but the lack of working chargers on a less than good infrastructure seals the deal to go back to petrol or diesel.
@krismorgan
@krismorgan Жыл бұрын
I tried to feel sorry for them but sympathy is between shit and syphillis in the dictionary.
@oneeyedgirl617
@oneeyedgirl617 Жыл бұрын
No need to feel sorry. Because EV owners know that most of the EV “ facts “ are just made up by people who listen to Talk TV, and have never owned one.
@gibroon4418
@gibroon4418 Жыл бұрын
Using Nadine Dorres as an example of good judgement is one of the funniest things I've seen all year. Keep up the good work 😆
@spanishpeaches2930
@spanishpeaches2930 Жыл бұрын
She is a bit of a milf though.
@stacyplant9327
@stacyplant9327 Жыл бұрын
Sadly Geoff doesn’t always specialise in good judgement 😂
@robertdewar1752
@robertdewar1752 Жыл бұрын
I'm not sure her decision to buy a BEV was good judgement. Poor judgement more like.
@BRMCaptChaos
@BRMCaptChaos Жыл бұрын
I think you missed the point.
@markwilson2069
@markwilson2069 11 ай бұрын
Indeed, and in the Mail too!
@kumquat3212
@kumquat3212 Жыл бұрын
Very interesting. I'm personally looking forward to when I can get a second hand EV but these depreciation figures are crazy for the original owners.
@AndrewKeyz
@AndrewKeyz Жыл бұрын
Lots of 2-3 year old Dual motor Tesla 3s for sale for just over 30K now. Seems a pretty good deal when new they are still 50K. The performance upgrade seems worthless in second hand cars now also. Pretty painful for an initial 7K upgrade.
@kevinpeters5000
@kevinpeters5000 Жыл бұрын
If cars have depreciated from new as much as Geoff says, surely that time is now? It’s the golden age of used BEVs!
@gavinwhite9743
@gavinwhite9743 Жыл бұрын
I think this is great news. Hopefully the new prices will be come down from their current inflated prices. If the ID3 was priced similar to the golf in the first place, then there would be very few problems. Just need the infrastructure to keep expanding, for repairs and charging.
@pkkerley6028
@pkkerley6028 Жыл бұрын
Hi Geoff, i think i have the ideal vehicle of the future, my good old fordson dexter tractor 1957, wich i rebuilt during lock down and funded by ferlow, thanks rishi, it just about manages 20mph with a tweek to the injection pump, so perfect with the new speed limits, exempt from ulez, free road tax, no mot, no electrictrnics to piss you off, [ just a starter motor ] got to have some mod cons, got a carry box on the back for the run to tesco's, going up in value all the time, turns alot more heads than the modern dull and ugly generation of crap vehicles on offer today, i can also mow my field go out logging and tow broken down computorised junk away, its the future, you know it makes sense, OH almost forgot its very handy in relocating those stupid plant pots some twat keeps blocking our roads with, love your vids must go for a pint sometime,,,,,,,,,
@daleskidmore1685
@daleskidmore1685 Жыл бұрын
I love a tractor. If you get a David Brown, you practically own an Aston Martin, lol.
@LK-vy7jh
@LK-vy7jh Жыл бұрын
🤣🤣 brilliant, thanks for the laugh.
@LessBeard
@LessBeard Жыл бұрын
Perfect reply! Love it 😂 Can we all go for a pint & sort this crazy world out?!
@ggee7391
@ggee7391 Жыл бұрын
Yeah my 1959 ford is still on the road - paid £350 forty five years ago and now worth £25000. No plastic and no electronics, even the radio is mechanical. It's got this amazing device on the door - you just turn it three times and the window opens. Two leather sofas front and back, clock you can see at a glance. Heater that's really hot, windscreen wipers and lights that you can dip with your foot. No neurotic voice nagging at you and no frecking bleeping every five minutes. Oh, and park in next to the latest 120K range Rover and the crowd will around the Ford.
@keithdallison5388
@keithdallison5388 Жыл бұрын
yes motors of today far far too tec no need for it .they just can charge you more for it ,
@southendparaquest
@southendparaquest Жыл бұрын
We can only hope. Let's kick these EV's into the long grass.
@jimjones-bk2is
@jimjones-bk2is Жыл бұрын
Why do you think that would be a good idea?
@southendparaquest
@southendparaquest Жыл бұрын
@@jimjones-bk2is because they're shit, and their carbon footprint is horrendous.
@marclang7431
@marclang7431 Жыл бұрын
​@@jimjones-bk2isbecause they're shit. Did you even watch the video?
@johnnydoe1984
@johnnydoe1984 Жыл бұрын
​@jimjones-bk2is so the climate nazis accept , their not good or ideal for everyone and people should have the FREEDOM of CHOICE to decide , NOT be FORCED by the said Nazis !
@xperyskop2475
@xperyskop2475 Жыл бұрын
How about we let free market decide. O yes we don't have free market
@blueealgeblack
@blueealgeblack Жыл бұрын
A couple of points which are true. firstly, yes, it is more environmentally friendly to continue to drive an old car than buy any new car, EV included. Sadly, that's not in the interest of the car industry. Hence, they build cars to have a shelf life and encourage a throwaway-get something new lifestyle. Secondly, this big depreciation just illustrates how overpriced the cars are/were when they were sold. I bought, on PCP, in 2020 a new VW ID3. I absolutely love it, but it was well beyond my wallet. Back then, several things happened. The government had a £3000 discount on all EVs. Then, because of the EU (who we were still in at the time) putting in place stricter emission rules, VW were desperate to sell their new car, so offered with another £3000 discount......AND....on top of that, the dealership I bought mine from worked out it was better to sell the car than face a fine for failing to hit their emissions target on cars sold, so put another £3000 discount. This £9000 off the list price meant I could afford it. So I put £5000 down as a deposit and am 2.5 years in to a 4 year PCP deal. List price £39000. Actual price £30000. Deposit £5000. Currently on webuyanycar, my valuation is £19000. That's not too bad, but I'm certain my position is rare and the vast number of people buying EVs are not getting anything close to a deal like that, because EVs are overpriced.
@HighlandRider
@HighlandRider Жыл бұрын
12 months ago, when I had my BMW i4, Porsche Taycan's were worth more used than new, because you couldn't get one. I actually ordered a Taycan in November 2021, and was quoted a year to get one, and as i couldn't really afford it (it was just fun to order) I cancelled and ordered an i4 instead. I still had to wait 7months for the i4, but again, the used value was higher than the new, so wheyhey!!!! Finally going to make money out of a car. How wrong. Firstly, my three months of ev ownership were a nightmare to the point my wife refused to go in it anywhere but local Tescos. Claimed 3330 mile range, actual as low as 160 miles, half of what was claimed. To cut a long story short, I gave up and swapped the car for a BMW 530e, the hybrid which is very good, and took the financial hit, although being early in the depreciation cycle, i only lost £10k. From the point (Christmas Eve) that I asked to change my car, to the point of completing the deal (Jan 7th) Arnold Clark went from refusing to take any Tesla as a PX, to refusing to take any ev they had not sold, as a part ex. In my three months of ownership, the waiting time to get a new i4 went from 8 months, to stock we can't get rid of. As a mass selling product the folly of ev's has been found out.
@lowfeelsblvd
@lowfeelsblvd Жыл бұрын
Apologies if this is mentioned Geoff - I haven't watched the video yet but yes! Renault Zoe's can be bought with less than 15k miles for about £12,000. That's 10 year old Golf levels! My mum recently tried to trade hers in, and despite being less than 3 years old, she was £2,000 in the red on her finance deal. Crazy!
@GeoffBuysCars
@GeoffBuysCars Жыл бұрын
Wow…. And she won’t be alone, as you can see from the video!!
@xr6lad
@xr6lad Жыл бұрын
Tbh I work in car finance. Many cars irrelevant of motive power can be ‘in the red’ When traded in with finance. People keep tacking ‘end of loan balloon payments’ on which makes the load more affordable but you do not repay enough to keep ahead of depreciation.
@tuppybrill4915
@tuppybrill4915 Жыл бұрын
So the secret with EVs is buy a used one not a new one. 😉
@AlienLivesMatter
@AlienLivesMatter Жыл бұрын
I remember the inconvenience of remote control car with flat battery as a child and the dred of knowing it required 8 hours to charge...
@johnbekkers5201
@johnbekkers5201 Жыл бұрын
I have built electric mini bikes for the grandkids and use lead acid batteries the last replacement cost $200 I worked out that the bike had done about 200km max I can fill my Ford Falcon ute twice with $200 and get 1300km range
@squee1973
@squee1973 Жыл бұрын
They've come along way since then.. 😂
@michaelmacdonald7342
@michaelmacdonald7342 7 ай бұрын
In Canada it makes even less sense to buy an EV, our cold winters decrease the range substantially and the size of Canada makes some commutes a lot longer than in the UK. Our Liberal government has stated that the sale of petrol power vehicles will be banned by 2035, ridiculous date and for of the Canada's northern territories EV's will never be a viable option. When idealistic Liberal government bureaucrats start making rules about things they do not understand it is bad for everyone.
@rubberroast1598
@rubberroast1598 Жыл бұрын
My experience was completely different. My 2013 New model S I bought, sold 2 years later for the same amount I actually paid after the government rebate. At the time there was a huge waitlist. Just now we traded in our almost 3 year old budget EV and got 90% of what we paid new for it (after the rebate and sales promos at the time). Reason is our EV now is wayyyyyy cheaper that the other new EV's in the market and many do still have insane waitlists.
@jsanders100
@jsanders100 Жыл бұрын
He doesn’t want to hear this, gets good clicks from petrolheads by playing to their prejudice
@MOSSFEEN
@MOSSFEEN Жыл бұрын
@@jsanders100 No point talking to EVangelists they know it all
@illgottengains1314
@illgottengains1314 Жыл бұрын
Happy to subsidise your waste of money and resources. You’re welcome.
@3ducs
@3ducs Жыл бұрын
Government rebate means other people are taxed so that you can buy a car. How does that make economic sense?
@nickfry7705
@nickfry7705 Жыл бұрын
Good to hear that it all costs in based on getting govenment (us that is) handouts/subsidies. So if we all have one we all pay our own subsidy and then the numbers can work. No, I thought not.
@AzanAli-
@AzanAli- Жыл бұрын
My dad got a brand new Honda Accord mk7 executive with cruise control, sunroof, heated electric seats back in 2003 for £18,000. I was born in 2002 so the car is almost my age, last year I passed my driving test and now I own and daily it. Mileage is at 90k and the value is still £3000. Definitely a car that will outlast my driving years.
@kevinpeters5000
@kevinpeters5000 Жыл бұрын
Excellent! Great story and super relevant to EV depreciation.
@aliciashepherd1805
@aliciashepherd1805 Жыл бұрын
So I live in South Australia and I was curious about the possibility of owning an ev because they are trying to push it here too. My daily round trip is 90km on roads at either 60 or 110km/h. First issue was that the “range” of an ev is actually city travel not highways, so it’s generally you get about 2/3 of the claimed range on highways because they actually do better the slower you drive. The second issue is that the range drops fast in the first 2 years then is a slow descent until it just dies one day. What this means is that most of the market becomes worthless very quickly for long distances (and that’s not even looking at the occasional drive from Adelaide to Melbourne which is the closest next city on but is 800km away).
@xperyskop2475
@xperyskop2475 Жыл бұрын
MG ZS Ev with big 72kWh battery will get you covered. Question is is your electricity cheap so it makes economical sense too
@kaasmeester5903
@kaasmeester5903 Жыл бұрын
I wouldn’t worry about the range. First of all, if the car’s range is specified according to WLTP, your actual range will not be too far off, whether you’re on the highway or in city traffic. Most decent EVs do 400+km on a charge, so factor in some battery degradation and extra power for heating / aircon and you’ll still be able to do your commute with power to spare. As for the batteries: most of them will likely outlast the rest of the car; they are certainly good for 300,000km, and will not degrade that far over their lifetime. The problem, especially with second hand cars, is that word “most”. Any second hand car comes with risk of something breaking, but with an IC the cost of repairs will be worth it if the car is still relatively low mileage. But if the battery in your EV breaks, the car is essentially worthless. Given the extremely low failure rates of these batteries, auto manufacturers will likely offer increasingly good warranties on them. Some brands have a 7 year / 200,000km transferable warranty on them, but once they have better stats on them (and are interested in a good 2nd hand market), they could double that.
@CYBER-EV
@CYBER-EV Жыл бұрын
I drive from Sydney to the Gold Coast twice a year, no issues. Have had my EV 2 years, no range drop. The savings add up very quickly, never going back to gas.
@bruiser6479
@bruiser6479 Жыл бұрын
I live in country Western Australia and an EV makes no sense here in my view owing to the distances we travel, the lack of charging infrastructure and the cost of electricity. If you are seriously considering an EV, you really have to do your due diligence. Any motor vehicle is just a tool that provides personal transport. One of the huge benefits of owning your own vehicle is convenience. You can decide to hop into at any time and transport yourself somewhere quickly. The beauty of a liquid fuelled vehicle is that service stations are prolific and abundant. Refuelling is also very quick. I can drive 600 km in my vehicle and refuel it in five minutes to get a further 600 km of range. Very convenient. How the individual actually uses the vehicle has to be considered. South Australia is also a very large place. So range is a factor. From just a convenience point of view, the first thing to do is to keep a logbook over a three month period recording how you actually use your vehicle. Reset your trip meter every time you fill your car and record where, when and how long it took you to fill up, plus the cost of each refill. Are you a well organised person who fills up every week/fortnight or do you wait until the fuel warning light is on before you fill up? Do you have off street parking, so you can charge up over night? Do you own your own home or are you renting? Charging an EV using a conventional 10 amp power point at home is slow. Can you get a fast charging transformer installed and at what cost? Where are the charging points along your route of travel? Are they in places where you are happy to spend an hour or so waiting for your car to charge? Is there a queue for them? An EV isnt like a liquid fuelled car. You cant put a jerrycan in the car on a country trip to top the car up to get you to the next fuel station. So you need to be well organised and patient. The point of these questions is to just alert you to the fact you need to do YOUR due diligence. Not someone else’s. When people tell you how great an EV is and how they can do a b or c in it, that’s all well and good. But they haven’t given full disclosure. They may be perfectly happy to live with the drawbacks of an EV as they gain so much satisfaction from the other attributes. All power to them I say. But you aren’t them, and they aren’t you. In my life experience if we are going to make choices we are really happy with, they need to be fully informed ones based upon an objective analysis of our (not anybody else’s) needs. Most of us evangelise our own choices because we like affirmation, so take with a grain of salt anything I or anyone else tells you about what decision to make. Especially if they haven’t taken the time to go into detail with you about what your needs are. An EV may be a great choice, it may be a poor one. Only a clear headed objective analysis will tell you.
@CYBER-EV
@CYBER-EV Жыл бұрын
@@bruiser6479 I agree. If long range is a factor, waiting for the technology to supersede the range of ICE vehicles would be better.
@finncarlbomholtsrensen1188
@finncarlbomholtsrensen1188 Жыл бұрын
As now 75 I don't intend to buy an EV but happily stays with my inexpensive and - economical Diesel! But in my past I used large electric forklifts inside a Factory and at intervals we had the content in the then worn down, two huge batteries changed by a kind person, to new Industrial grade elements, to be able to continue working in 2 or 3 shifts, with constant charging and use during days and nights! We had a specially made "crane" to be able to also exchange the batteries to newly charged versions, to be charged outside the fork lifts, when needed, and we hadn't got the time needed to charge them inside the constantly used fork lifts! The batteries were top of the range by that time, but still became effectively worn down at a fast rate! As also Toyota has realized, EVs aren't the future!!!
@sbanetaylor5323
@sbanetaylor5323 Жыл бұрын
so what happens to all the old lease electric cars? this is an environmental nightmare, this whole thing is ridiculous, well done Geoff for keeping this topic to the fore
@harry234172
@harry234172 Жыл бұрын
I really enjoy your videos Geoff.. so I’m a ex trader in used vehicles, in the overall sale price figure, vat will be needed to be removed at 16.6% yes vat is charged at 20% but in the total it’s the 16.6%. As I said earlier on I’m a ex vehicle trader, I stopped trading in late 2019 as I could see this F@&kery coming in back then. I enjoy your straight talking and explanations in to what’s going off in the world 🙌🙌
@GeoffBuysCars
@GeoffBuysCars Жыл бұрын
Thanks Harry!
@Mr.Unacceptable
@Mr.Unacceptable Жыл бұрын
If EV's were meant to be a real solution to anything they would have had swappable batteries in different sizes. They would not have sold the batteries with the cars. you lease them afterwards. You swap or recharge them. You own the car not the fuel. The batteries stay in a manufactures recycling and rebuilding loop. Car bodies always update the batteries. Standardized plugs.
@ShaggyRogers1
@ShaggyRogers1 Жыл бұрын
The batteries are a hard depreciation in EVs. Making it so the customer has to buy the batteries, and subsequently pay to replace them etc, was always the hallmark of a scam. What happens when a battery model is no longer in production due to technology moving forward? Twenty years from now, your car is just totaled because the battery went kaput? One of the defining things about regular engine powered cars is that you can always just replace anything in the engine, including the entire thing. You can pop whatever engine you want in whatever car you want, and are only limited by the size of the engine bay. The engine bay which you can modify the chassis around in order to make as big as necessary, including even chopping up the interior of the vehicle to stick it elsewhere. You can't do any serious modification to EVs. Any serious modification efforts would require the entire car to be rebuilt effectively from scratch, since everything is hardwired and precision engineered together. You can't just take an EV motor system out of a Tesla and pop it into a Honda EV. The entire concept relies on "this technology is functionally complete in design", when cars have literally never been at that point and gas-powered cars are just now only reaching that level of "as good as it is going to get".
@gwilymselwood
@gwilymselwood Жыл бұрын
Why would anyone want to modify something that works? 3rd party battery replacement for Nissan Leaf is here
@ShaggyRogers1
@ShaggyRogers1 Жыл бұрын
@@gwilymselwood and how long are those third parties going to make the compatible model? EVs will run into the same problem that anyone that owned a Pontiac experienced when the company went under. As soon as there isn't anyone making the replacement part, a minor break will total the entire vehicle.
@robertgreen9614
@robertgreen9614 Жыл бұрын
@@gwilymselwood I enquired at a 3rd party NZ company, and an old Leaf battery is considered not fit for purpose once it has degraded to 65% of its original capacity. They wanted $7800 NZD to trade in the 65% battery and replace it with a second hand battery with 80% of its original capacity. So around £3800 for what equates to 1/7 of a battery.🤔
@reevinator
@reevinator Жыл бұрын
Very good point!
@Leonardo555ZZZ
@Leonardo555ZZZ Жыл бұрын
Yes , people who drive old cars are the ones who are really saving the planet.
@lynnepage8057
@lynnepage8057 Жыл бұрын
We bought an Audi RS e-tron GT 11 months ago and have had constant problems with the operating system. It had 3,500 miles on the clock and all the extras. Because of the constant operating problems we considered asking the dealership to take it back but they only offered a depreciated value losing £51,000. So even though the return request was initiated through faults on a car still under warranty they still wanted to deduct depreciation. The other side of the coin is electric cars work cost wise if you have a home charger. We had a courtesy car for a weekend to travel to a course. The fuel cost was £80 where as if we were using our home charger it would have cost us a maximum of £15 - £20. We did one long trip where we had to use the public charging network and the costs were horrendous. So the EV is so much cheaper to run if a home charger is used. We absolutely love driving our ev so had it not been for the operating system we would never have contemplated getting rid of it. There are two sides to every story.
@shaunbarnsley6928
@shaunbarnsley6928 Жыл бұрын
If I was in a situation were I could afford to buy a car over 100k depriciation wouldn't bother me or I simply wouldn't buy the car especially brand new..if I had that kind of money I buy something cause I want it and like it and just enjoy it for what it is.unless it's some kind of collectors cars maybe cars are just massive money pits unfortunately
@lynnepage8057
@lynnepage8057 Жыл бұрын
@@shaunbarnsley6928 Your are right and you are wrong. We are both in our 70's. We have worked hard all of our lives and are still doing so, sometimes doing 4 jobs each just to survive. This was our dream car and yes we would not have looked at the value had we not had so many problems with the operating system which caused us to ask them to take it back. That was when we found out about the drop in value. Without those problems we would not have looked. We both, separately, went through moving only to be faced with interest rates rising to 16%. There was no help, moaning did not help so you just had to get on with it. So please think before you judge. I don't know what age you are or what your circumstances are so I will not make derogative remarks about your attitude. I wish for you that you get your dream car before you reach 70.
@angel-a123
@angel-a123 Жыл бұрын
My petrol MG is worth more than I still owe on it in 1 year. I could sell my peteol MG now and make a profit 😂😊😊
@burnzy3210
@burnzy3210 Жыл бұрын
I have a friend who earns good money, he currently has a 5.7l dodge challenger but said he would like an electric car next. I told him to lease one instead of buying, simply because ownership would be a financial nightmare.
@rbnhd1144
@rbnhd1144 Жыл бұрын
Lease companies are now seeing EVs as a massive risk as they have lost lots of money recently, you pay for that risk lol
@donaldtucker4914
@donaldtucker4914 11 ай бұрын
A lorry driver I met this week told me there a loads of unsold 3 Yr old EVs parked up behind auction centres all over the country. The depreciation is unfathomable for the private 'buyer' and businesses will soon wake up to the problem. Trouble is, the Westminster bubble is so wedded to EV cars as a way forward that they will manipulate things to price ICE vehicles off the road. Look out for the £250 MOT test, the £5 litre of petrol, the £2000 per year car tax and the minimum £20 per hour parking charge for non-EV.
@John-fo5ut
@John-fo5ut 3 күн бұрын
I have two ev's and absolutely luv'em. It's great sat in front of the fire on a cold winter's night watching them go round and round that track with my eight year old lad.
@v6clio22
@v6clio22 Жыл бұрын
Love it! Glad I bought my 2016 diesel in 2020, it's worth roughly the same now as what I payed for it then 😊
@xRoRox
@xRoRox Жыл бұрын
I had a diesel Audi I bought in 2021. 2012, 40k miles. Sold it a few months back for £70 more than I paid for it with an extra 21k on the clock. A very good deal I’d say 😂
@davidarter6271
@davidarter6271 Жыл бұрын
I think the sensible thing to do is to buy a really good quality used vehicle in top condition and keep it until this EV madness runs it’s course.
@v6clio22
@v6clio22 Жыл бұрын
@@davidarter6271 or buy something you like in reasonable condition and repair/maintain it. Parts are often cheaper on older models and also you have more choice in the aftermarket. Too many people scrap perfectly serviceable cars for the slightest issue.
@varmastiko2908
@varmastiko2908 Жыл бұрын
It really isn't though. That's just inflation.
@v6clio22
@v6clio22 Жыл бұрын
@@varmastiko2908 why can't the same generally be said for electric variants of the same make/models?
@lazyguy4393
@lazyguy4393 Жыл бұрын
Been there, done it! Had a Jaguar I Pace on lease. Only had it because of the tax benefits. After my EV experience with public charging, I've now bought a petrol car.
@xperyskop2475
@xperyskop2475 Жыл бұрын
Yes public charging sucks and is expensive
@PatLadsChan99
@PatLadsChan99 Жыл бұрын
Home charger is the way to go. Public chargers are unreliable yeah, but numbers are increasing. Due to unforeseen circumstances, I drive an I pace, scarily exspensive but its a bloody good car. So far.
@xperyskop2475
@xperyskop2475 Жыл бұрын
@@PatLadsChan99 Without home charging I wouldn't own electric car. I do it because its cheaper than fossil but recen electricity prices make it not so nice.
@lazyguy4393
@lazyguy4393 Жыл бұрын
@@PatLadsChan99 I agree, I had my I Pace for 3 years, it was an amazing car to drive and perfect for anything up to a 180 mile round trip but anything over that spoiled my driving experience because I'd spend the whole journey worrying about charging. Only had one issue with the car, I put it on a fast charger when it was already at 80% and it overheated the battery.
@parzival1958
@parzival1958 Жыл бұрын
A neighbour of my son had a £86k Tesla that spent most of the time either on a trailer being recovered from the roadside, or being repaired on his drive. My next door neighbours son in law, came home in the summer with his window open. When he parked up the window refused to close. When he tried to drive, the car wouldn't work due to "an electrical fault" because of the window being open! A friend is a delivery driver and his company replaced all the diesel delivery vans with electric ones. Now he has to stop to recharge the van to enable him to complete his route, so his working day is now longer to do the same amount of work (no extra pay though)!
@svenjorgensenn8418
@svenjorgensenn8418 Жыл бұрын
Came from the macmaster channel. Love the content. I have a 99 dodge 1500 and a 2007 scion tc. Love em
@syddog44
@syddog44 Жыл бұрын
Deep Green mining is where they dredge the ocean floor for rocks that contain metals needed for electric batteries. Very environmentally friendly!
@syddog44
@syddog44 Жыл бұрын
@@mikebreen2890 what's bull about it?
@robertsimkin3949
@robertsimkin3949 Жыл бұрын
​@@syddog44hes got to be woke because they dont like the truth
@geraldbeard856
@geraldbeard856 Жыл бұрын
@@mikebreen2890 There going to start mining for Lithium in cornwall
@jsanders100
@jsanders100 Жыл бұрын
How about oil production, transport, refining, waste and pollution? Not to mention low efficiency and air pollution. Look properly at all the facts on both sides.
@michaeledwards8079
@michaeledwards8079 Жыл бұрын
Hi Geoff, I have and eight month old Dacia Sandero Bi Fuel, I paid £13500 for it, but according to parkers the garage price is worth £14,500, how crazy is that
@Misty501
@Misty501 9 ай бұрын
I suggest that you keep hold of your electric cars because you are only adding to the mounting negative’s on EVs Don’t forget why you bought the car in the first place I have a Citroen E-c4 and the cost per mile is about a fifth of my previous Evoque and it’s a lovely car to drive so smooth 😊
@chrissmith4022
@chrissmith4022 Жыл бұрын
Batteries have a limited lifespan. Once they are degraded replacement is prohibitively expensive rendering the vehicle useless. You would have to be insane to buy an older EV as it will just become landfill. This is not to mention the fact that some ferry companies are now refusing to carry EVs due to the self combustion issues and this will only spread to other areas.
@sevesellors2831
@sevesellors2831 Жыл бұрын
Great report Geoff, EVs are overpriced and by the sound of it the depreciation is horrendous as most cars are on pcps a crisis is looming. Will stay with my Duster then get another one.
@kevinpeters5000
@kevinpeters5000 Жыл бұрын
They’re overpriced AND have depreciated massively? Are you saying that even with massive depreciation they’re still overpriced?
@sevesellors2831
@sevesellors2831 Жыл бұрын
@@kevinpeters5000 yes EVs are not a good buy currently particularly with new technology coming such as vehicle to grid.
@davidpickard9393
@davidpickard9393 Жыл бұрын
We are on holiday. We drove 300 miles to the hotel and have driven around all week and have not plugged once. We are in our Hyundai i10 with 100 miles left in the tank
@user-rv3nq4lc3u
@user-rv3nq4lc3u Жыл бұрын
I bought a used 3 year old Nissan Leaf 5 years ago for £10k, as a city run about. Now worth £5k and does around 400 miles a month, charged at home for around £10 per month (Octopus Go). Battery fine and not had to spend anything on it other than tyres so will keep it for a while yet, but when I do replace it will certainly buy another EV. Have never bought new and never had a lease. Previous car was a diesel Focus that I bought 18 months old and drove for 15 years. Great value too.
@HarkyOfficial
@HarkyOfficial Жыл бұрын
Geoff I’m really rich, I bought my car outright 😅 BMW iX over 1 year ago now. Approx 12% - 15% down. Plan to keep for many years, suits my needs in the City.
@catfrab
@catfrab Жыл бұрын
Agree entirely Geoff but EV's do have a place. 1. You don't do a lot of miles (
@bruiser6479
@bruiser6479 Жыл бұрын
This is a scenario where an EV makes some sense. You really need someone else to have taken a huge depreciation hit before buying one. If you are doing a lot of short, stop start trips where an ICE never really gets to its optimal operating temperature, an electric engine is better suited to that pattern of use. But there are a lot of caveats. As you say you really need your own home charger and most of your distances traveled in a day would need to be reasonably short. To work out if the economics stack up, you would still need to compare it to buying a budget priced second hand ICE vehicle.
@catfrab
@catfrab Жыл бұрын
@bruiser6479 ...plus the fact it's different, quirky and fun. I'm a confirmed petrol head - I've built modified cars, kit cars, bikes, classics, regular trackdays etc but our little EV still makes me giggle when I drive it for sheer novelty value. Variety is the spice of life so they say!
@bruiser6479
@bruiser6479 Жыл бұрын
@@catfrab I totally agree. I drove a friends Tesla, and it was an absolute hoot. I really see the appeal of an EV as a driving experience. Obviously in your situation an EV really works. My Harley isn’t a practical transport choice, but I wouldn’t be without it. My objection isn’t to EV’s, it’s to politicians stupidly seeking to force all of us to get one. Even though they just won’t work here in Western Australia if you want to to travel long distances in the country, and/or tow anything any sort of distance. I definitely think they have there place, but people should be left alone to make their own choice.
@boyasaka
@boyasaka Жыл бұрын
Well said I’ve been looking at 2020 Nissan leafs With like 15k miles on them For 14 grand Last year a 3 year old leaf was 20k plus ( think they are about 32 new) This huge price drop is great for sensible folk to buy one after some goon has lots 20 k in a few years
@catfrab
@catfrab Жыл бұрын
@boyasaka Yep, there are a few bargains out there if you look. Have a browse at the eGolfs too. Just like a GTi but electric. You can pick up a nice one for 10-12k.
@bordersw1239
@bordersw1239 Жыл бұрын
There used to be a sure fire way of checking likely used values - check the final PCP payment and monthly payments. A car that depreciates less should have lower repayments compared to a similarly priced vehicle. That’s how I bought a golf on a PCP 20 years ago - the repayments were the same, or less than some much cheaper cars.
@dps615
@dps615 Жыл бұрын
I bought my EV and saved a fortune! I used to spend £70/week on fuel but now £30/month on electric to travel the same amount of miles. Estimated saving £4k/year - no servicing or road tax. If i keep the car 8 years i have a potential saving of £32k. Original price of Tesla was £38k. I dont think there's any new ICE car out there that can beat that.
@georgebeare8883
@georgebeare8883 Жыл бұрын
No servicing? BS! Sounds to me you are posting fake news mate. If you really owned an EV you would experience that they also require servicing and general maintenance. Spend more time fact checking before you try and blind people with bluff.
@dantebg100
@dantebg100 11 ай бұрын
Good joke mate. The car dealer will charge you like 500€ for an air filter. That will find a way to make money from you.
@sizif717
@sizif717 8 ай бұрын
I wonder what the battery milage will be after 8 years and some 200-300K miles..? And how do we know what the price per kW will be during this time?
@navahluwalia9491
@navahluwalia9491 6 ай бұрын
You are 100% correct. My long range 2022 Tesla model3 that I acquired brand new for £50k in APL 22 is now worth only £23k!!! It’s done 20 k miles only. That’s over 50% in depreciation!! It’s a lovely car, but…! EV value has defo plummeted, my advice, don’t buy for cash if your intention is to keep a car for say 3 years but lease it to avoid tying and losing your cash… It’s quite ridiculous!!
@andrewwelch1040
@andrewwelch1040 Жыл бұрын
Bought a Suzuki Celerio in 2019 on a 16 plate for £3800 doubled the mileage and sold it January 2022 for £4000 and I let it go cheap. Love The Smell Of Petrol In The Morning.
@micke3035
@micke3035 Жыл бұрын
Bought a 2018 Golf station 4M 150 Tdi 19 months ago, 44000km on it, now 50700km(don't drive much...). Though it might be a depreciation black hole since the EV sales really started to rocket shortly after. But encouraged by this video I had a look on the number 1 site for used cars Aaand there was only ONE car on sale with the same spec as mine and it hade 69000km on it for the SAME price as I bought mine for 19 months ago! 0 Depreciation over 19 months, not in my wildest dreams! Go Diesel!😊 Why did I choose diesel when I drive so little? I'm planning on keeping it for a while so I thought I'd be prepared if long commutes to work might lie in the future...
@sandrajohnnewmanwarnock2232
@sandrajohnnewmanwarnock2232 Жыл бұрын
While I agree with your story, it’s also the case that you never get the mpg for a car - they do the test in artificial conditions. So it’s hardly surprising that the miles per charge is way out!
@bat33.12
@bat33.12 Жыл бұрын
They are a lot closer to the truth with the new testing regime and figures for ICE cars, certainly closer than any EV figures I've seen and I don't recall any ICE car where the fuel tank capacity and range reduces considerbly over the lifetime of the car
@Cuntymccuntface123
@Cuntymccuntface123 Жыл бұрын
​@bat33.12 agree. It is a valid point that ICE figures are not always easy to match stated but it is possible and that's the important bit. I match my average stated MPG in my seat leon FR diesel on mixed long journeys but tend to dip below in pure short town trips. But as you say it will be this way for the life of the ICE car, I, the driver, have some degree of control over the MPG forever whereas EV is at the mercy of the weather and battery degradation.
@kieranmccreedy271
@kieranmccreedy271 Жыл бұрын
I’ve never seen an ICE car achieve the quoted figures! My EV van quotes 187 city, 124 ‘combined’… I get 150 The Zoe quotes 234 and I get 200+. About the same percentage official mpg figures are out by.
@stephenberry8658
@stephenberry8658 11 ай бұрын
My Citroen C4 Cactus gets 5.8 to 6.7 litres per 100 KMs. We leased a diesel C4 Cactus with ETG automated manual transmission in 2015 for 8 weeks and 11,000 KMs returning 4.6 litres per 100 km.
@byronjensen-vb1xv
@byronjensen-vb1xv Жыл бұрын
and here is a question? What happens when the EV runs out of juice in an LA or San Diego traffic jam at rush hour? Are the freeways going to be littered with out of charge EV's? I think I will look at investing in tow truck companies.....
@neilspare9597
@neilspare9597 Жыл бұрын
The AA’s analysis of its own used car sales website shows it’s possible to buy a Hyundai Ioniq Premium, which has a £43,445 new cost but can be bought secondhand for £17,500 at only a year old.
@pauldavies7251
@pauldavies7251 Жыл бұрын
That is insane
@oneeyedgirl617
@oneeyedgirl617 Жыл бұрын
Have you a link to that ?
@DUB-sential
@DUB-sential Жыл бұрын
Making depreciation great again
@bobshort8773
@bobshort8773 Жыл бұрын
I am on my 4th leased EV but won't get another because the car I have now, Nissan Leaf, which I purchased 11 months ago, has dropped 7K in value. Keep up the great work.
@XenonJohnD
@XenonJohnD Жыл бұрын
If they depreciate so much then the obvious thing to do next time is to buy one 1 or 2 years old and not lease.
@Kyle-sr6jm
@Kyle-sr6jm Жыл бұрын
Depreciation isn't just something on paper. There is a reason for the acceleration of EV depreciation, that is how fast an EV goes from a functional vehicle into a piece of waste.
@chriskearney4058
@chriskearney4058 Жыл бұрын
I bought a 3 month old iX3 for £12k below list. Mainly used from home at charged at 9.5p per KWH so about 3p per mile. The petrol X3 I traded ran at 19p per mile. I have zero car tax for now and it’s not due a service until end of 2024. I’ve just had a holiday in Cornwall from Chester and had zero issues charging the vehicle. Yes about the same cost per mile as my petrol would have been. So before you buy an EV you need to understand mix of charging at home versus public. About 120 years ago a group of lads were sat in a roadside inn and some were heard to say “I’ll never give up my horse for a car, they’re too expensive and I’d be suffering range anxiety”. Now we all know they couldn’t sell their horses fast enough before they were worthless.
@user-ys6pp8vb9d
@user-ys6pp8vb9d Жыл бұрын
I run a Nissan leaf and get my id.5 in October (through my business) I love my ev but my personal car is a 2011 4.4 td Range Rover, different cars for different uses. To be fair the id.5 I had for 3 weeks was averaging 264 miles per charge. Keep up the content Mate!
@kc4cvh
@kc4cvh Жыл бұрын
EV depreciation worked to my advantage: I bought a $55,000 2018 BMW I3 for $16,250, as a lease-return vehicle. Since then, I've enjoyed saving around $250 monthly in operating expense, even more when maintenance is considered.
@chrismitchell9114
@chrismitchell9114 Жыл бұрын
I’m happy with my 162k diesel 2017 Passat and 1992 Sierra XR4x4. The latter isn’t loosing any money and drives perfectly fine. Just that CAZ and ULEZ zones would mean I’ll have to use the Passat more
@6581punk
@6581punk Жыл бұрын
My father had an XR4x4 estate of that vintage. I drove it once, great car to drive, he only parted with it because of the abundance of speed bumps in his area, he kept hitting the exhaust on the ground and breaking the exhaust manifold bolts.
@chrismitchell9114
@chrismitchell9114 Жыл бұрын
@@6581punk fortunately mine clears the speed bumps locally to myself. I think as it’s a later car with the 15” wheels on it helps. I would imagine if it was an earlier car with the 14” wheels it would catch everything
@adamhopkinson7299
@adamhopkinson7299 Жыл бұрын
1st time viewer. Enjoyed the video on this. Very enlightening. Was thinking EVs only make sense to me as short range 2nd car for a 2 car plus household with an ability to charge at home. 2nd hand definitely the way to go on this theory looking on these figures. Main car would be ICE. All on if the batteries are proven to actually last in the long run.
@agostinhomatos321
@agostinhomatos321 Жыл бұрын
It all started wrong with car batteries that increase the car weight in more 50%, contrary to what car industry has done in the last decades, trying to remove weight to the cars and thus lowering fuel consumption. In diesel and gasoline engine cars, the more strict anti-pollution laws led to more anti-pollution components in those cars, increasing their complexity, their price and lowering their reliability. It seems to me it all should have started by investigating clean fuel sources for the existing cars. The solution is in the fuel not in the car, it is the fuel that pollutes the environment.
@simont1108
@simont1108 Жыл бұрын
I remember watching "Who killed the electric car?" some years ago and they had a three year lease. Worth watching if you can still find it.
@bentullett6068
@bentullett6068 Жыл бұрын
Didn't GM have to do a hasty retreat and say there was a big flaw with the GM EV1's they had sold on lease, to get them scrapped off?
@simont1108
@simont1108 Жыл бұрын
Not sure about the "Big" flaw but the people who couldn't renew the lease were not happy and were refused to buy outright. The vast majority were then scrapped in a coordinated operation. Interesting, compared to what's happening now.
@johnrowan2425
@johnrowan2425 Жыл бұрын
I commented on Lee's video the other day the evangelists will never admit they've fell for the great con EV is the way. It's the way to financial ruin
@markgaudie80
@markgaudie80 Жыл бұрын
I bought an ID.3 for £26k sold it back to the same dealer to make a huge profit. They bought it back for £33k. Markets were different then I’d admit. Things will change. If your car has lost too much money then keep hold until the market suits you.
@jamesedwards9951
@jamesedwards9951 9 ай бұрын
3 year salary sacrifice lease. I have bought outright and had PCP’s in the past but this is the most cost effective way for me to run a car as monthly costs include all costs. I mostly work from home and drive locally, currently drive an e-tron and have xc40 recharge due in December. It works for me personally.
@Peoplestariff
@Peoplestariff 6 ай бұрын
I think that’s the point it doesn’t work for everyone & it doesn’t need to - geoffs who ethos is saving money , ok he can come across as a bit anti ev & that works to get the clicks & ££ on KZbin but for some it works & others it doesn’t it not compulsory & not until 2035 will new sales be limited to EVs which probably means we won’t get to a situation where ICE is the minority on the road in total number in 2050 by which time many of us will be pushing up daisies !
@forestdump44
@forestdump44 Жыл бұрын
Got rid of my electric mokka last September just before this madness , luckily I managed to get £29,500 against new petrol Nissan, I didn’t lose too much as mokka was heavily discounted ,just made the 9 pcp payments. I count myself lucky ,just valued it after seeing this video on we buy any car, assuming it’s done average mileage now worth 15k . Wow !
@leonardshand7845
@leonardshand7845 Жыл бұрын
I got rid of my electric a year ago even though it was only 2 years old. The supposed 196 miles dropped down to under 70 miles when the temperature dropped under 5 degrees.
@catatonickuala
@catatonickuala Жыл бұрын
I bought a Renault Zoe outright ex-demo from a dealer in 2021. My previous car was a 2014 Toyota Yaris Hybrid, so I used it as the baseline comparison. At that time, I worked out that over a 78.5 months service life and 134,000 miles, the Zoe was only £53 per month cheaper, and only because of my high annual mileage. I think the break-even was at about 13,000 miles. So anyone driving less than that would be out of pocket. My assumptions were based around an average petrol price of £1.20 p/l, and the Yaris' actual mpg of 65 mpg, versus the Zoe's estimated 0.27kW/mile and 4.5p/kW on the EDF EV tariff. I used the real world maintenance figures and actual final value for the Yaris and estimated the Zoe's, including servicing, tyres, extended warranty, charge point install cost, and estimated final value of £5000. Obviously energy prices have changed quite a bit, but the petrol price is almost back to the average of the last 10 years, whereas electricity prices are 50-100% higher for home EV charging on a cheap tariff. You certainly don't ever want to charge away from home as the cost is horrendous, and most public charge points are either broken, super slow, or unavailable. Even in major cities. As a commuter car, the Zoe is just about working out for me, but for most other people it is simply a bad choice.
@Leeviathon
@Leeviathon 7 ай бұрын
Great topic about why EVs depreciate so fast. It's a mix of reasons, really. First off, there are those tax incentives for new EVs which don't apply to used ones. So, sellers often drop the prices on used EVs to stay competitive. It's like getting a discount on a new phone that doesn't apply when you resell it. Also, the EV tech is moving super fast! People always want the latest model, which means the older ones lose value quicker. Imagine how quickly last year's smartphone model drops in price when a new one comes out. Battery life is another biggie. Replacing an EV battery can be pricey, and since they wear out over time, it makes older EVs a bit less appealing. Then there's the fact that gas cars still rule the market. Many folks are sticking with what they're familiar with, which impacts how much people are willing to pay for used EVs. And don't forget those misconceptions about EVs, like worries about range and charging stations. These can make people hesitant to go electric. Interestingly, not all EVs depreciate at the same rate. Teslas, for example, tend to hold their value better thanks to their tech updates and brand appeal. Also, it's worth noting that new tech, like EVs, often isn't affordable for everyone, especially those in lower-income brackets. This can limit who can buy new EVs, influencing both the new and used markets.
@boldford
@boldford Жыл бұрын
I think that may have been the first sensible thing Nadine has ever said. Perhaps selling her unused baroness' outfit has shocked some sense into her.
@simonmbaker
@simonmbaker Жыл бұрын
Had my VW T4 from new...T5 from new and Volvo V50 from new...still got them...all running sweet and as clean as the day i bought them...😍😎
@jackhackett6827
@jackhackett6827 Жыл бұрын
Thanks Geoff for the great videos ! I imagine you won't be too popular with The Establishment for exposing the shortfalls of EV ownership. Do you think if the EV makers could match their equivalent petrol/diesel vehicles on price, EVs would be a viable option and the way forward ?
@kevinpeters5000
@kevinpeters5000 Жыл бұрын
Nah, he”d still find something to bi*ch and moan about.
@ndiggadee2663
@ndiggadee2663 8 ай бұрын
Great video glad to see someone who thinks like me. I have two old cheapo diesels and I can’t see any money savings spending 30 grand on a e car
@thenorthernwatchcomagazine6486
@thenorthernwatchcomagazine6486 Жыл бұрын
We now have a main dealer/manufacturer industry that is hard selling debt, not cars. My dad was sold a new Citroen Berlingo three years ago for £27,000. He was 84 at the time and they approved a 3 year loan on it, despite his only income being state and a small 300 a month council pension. He can't drive due to his stroke disability, he can't even sign a document properly. PSG main dealer near Wrexham did the deal, claimed my mum understood it all and she signed. She was having treatment for cataracts at the time. When I emailed a complaint the dealer threatened me with legal action. The same dealer has phoned 3 times this year to see if he wants another new Berlingo, at over 30K, and yes you guessed it, finance is `no problem' apparently.
@GeoffBuysCars
@GeoffBuysCars Жыл бұрын
email me directly about this? i think this is worth a video. geoffbuyscars at gmail dot com
@DigiDriftZone
@DigiDriftZone Жыл бұрын
Surely that's criminal!
@bobgorman9481
@bobgorman9481 Жыл бұрын
Stoneacre ?
@DigiDriftZone
@DigiDriftZone Жыл бұрын
I had a similar story with my parents: I was away on holiday with limited signal, I returned and my parents have been duped into putting in £6k of loft insulation! - They were told it is dangerous not to have insulation for their health and they went for it, putting the 50% deposit on their credit card, which I had to pay as they are retired with no income. Note, they already had fibreglass insulation, the company added the nasty foam stuff that was unnecessary. Since my parents only paid half up front, I simply refused to pay the rest and threatened to sue, I've received no response from them in months. I'm pretty sure the deposit more than covered their costs, but very nasty practices there!
@thenorthernwatchcomagazine6486
@thenorthernwatchcomagazine6486 Жыл бұрын
@@bobgorman9481 for legal reasons I couldn’t say..
@christofinb
@christofinb Жыл бұрын
Wow just wow 🤩 I feel quite smug now as I bough a 2016 DS DS3 diesel 38,000 mile £7,000 does 70mpg, ULEZ compliant. Could of bought 7 of them compared to those prices. 10 even !
@johnowen8380
@johnowen8380 Жыл бұрын
As someone who has a foot in both camps when it comes to EV's and Old cars I can tell you the advantages and disadvantages to both and I have had the EV for over 2 years and it's still worth what I paid for it. The old car is a Rover 75 CDTi on a motorway trip I can get 50+mpg but around town it's down to 30mpg. the EV is a 6 year old Leaf 24KWh with a range of 80miles or 4 miles/KWh average But on the motorway that drops to below 3.5 miles /KWh. the economics of the two cars mean that the Leaf is basically paying for it's self. If I just run the Rover then all the around town driving would cost me about 22p a mile and 13p a mile on a motorway trip. This went up to 30p in the fuel crisis. The Leaf charged at home is 7p a mile so I'm 15p a mile better of or with the mileage we do in it over £60 a week and this will increase when I get the charging on an EV tariff. If I took the Leaf on the motorway it would cost 10p a mile with home charging and 20+p if I had to use a public charger half way. So the way we use the cars is different. the daily mileage of the Leaf is lest than a full charge and it gets charged overnight. so it's cost effective around town. The Rover gets used for the long journey's and if we do need to use two cars at the same time. It all comes down to the type of driving you do. If it's mostly long journeys then stick with an old car. But if your only popping to the shops and doing the school run then financially you could be better of with a second hand EV especially the way new ones are depreciating.
@chrissmart4984
@chrissmart4984 Жыл бұрын
Hi Geoff, I looked at buying a fully electric car then found a BMW X1 that like your Volvo gives me 722 miles on a tank of diesel….. let’s just say it’s now sitting on my driveway 🎉😎 a really great car 👏🏻👏🏻👏🏻👏🏻👍
Red❤️+Green💚=
00:38
ISSEI / いっせい
Рет қаралды 86 МЛН
Llegó al techo 😱
00:37
Juan De Dios Pantoja
Рет қаралды 57 МЛН
Iron Chin ✅ Isaih made this look too easy
00:13
Power Slap
Рет қаралды 36 МЛН
Exhaust Tips GLE 63s
0:19
Straight Piped by: Gexhaust
Рет қаралды 2,2 МЛН
Мужик купил китайское авто и сразу поехал в СЕРВИС
0:14
Собиратель новостей
Рет қаралды 2,6 МЛН