How much do EVs depreciate? We sold the Fiat 500e: how much did we lose?

A few months ago I made a bet with my wife that we’d not lose more than £500 on the Fiat 500e when we came to sell it after a few months. If I lost the bet, I’d owe her £200.
After 3.5 months, we’ve now sold the car. How much did we lose? And who do you think is now £200 lighter?
Also, a little look at what’s involved in repairing an alloy wheel.
Tweet me: / tillathenun
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[@MrEV]

The dealer who bought the car is advertising it here. That's quite a profit they'll make if they sell it for that! www.autotrader.co.uk/car-details/202108316837001

[@RWBHere]

(Link is not working now.) This video is worth its weight in Gold. So you lost a bit less than you think. As for the kerbing, that could have been a bigger loss if the car was leased. And you have the £500 which was honoured when you purchased the car. Worth all of the £200 for Flaviana, too! Look at her face. 😀👍 A pretty good deal, I'd say. Well done, and thanks to both of you for the video. 🙂

[@112deeps]

Suggestion... Put the value up £500 & then during negotiations go down slowly to the value of price bet with mrs. You need to learn to negotiate.

[@alaneasthope2357]

I love the way she counted the money as though she didn't trust you. Brilliant!

[@jeffcartwright7270]

Flaviana's face when you handed over the money Andy, absolute classic !. It was like she had won the Lotto. To be fair, she was confident from day one, that the money was already in her wallet.

[@blameTECHIE]

That ending is worth £200 all by itself 🤣 Can't put my finger on what's changed but I've gone from loving the vids to laughing out loud and even crying with laughter at them. Brilliant - and loved the intro btw, very arty.

[@ReshadSufraz]

Yes intro was very arty and intriguing! Was a bit concerned where it was all going, looked a bit ominous!

[@yesloow]

I love how she's all business. And the moral of this story is: Never ever bet against your wife. You are guaranteed to lose. Especially if you win.

[@forte2523]

Can we have a video of just Flaviana driving around and slagging you off? That would be awesome content :P

[@roygardiner4002]

We get that every time she's on anyway.

[@and1111000]

Wow, cars usually lose thousands the moment you drive off the forecourt, you've scored big time. Well worth the 200 quid pay out. In fact, your wife adds thousands in value to your site, you two make a great team.

[@sharonb.9128]

I LOVE your wife! She so refreshingly, honestly catty! KZbin is filled with bubbly, saccharine sweet, wives, especially here in America. Her reaction to you purchasing a car that didn’t have a back wiper blade…in the UK was priceless!

[@JonathanPorterfield]

Brilliant 👏 that walk of defeat at the beginning to the cash point , that look on your face .... Overall you did ok Andrew 👍 👌

[@bernhardneef7996]

I like watching your style of humor ;) especially between you and your wife Flaviana. Great! This is almost an epic film.....

[@avidviewer1]

Great videa. The ending was absolutely hilarious and completely brilliant. Mind you, as all of her many fans know, *anything* featuring the wonderful Mrs EV is always completely brilliant. Thanks!

[@mrmuds8624]

That outro had me in stitches 🤣🤣🤣

[@Granar.]

Brilliant outro, Flaviana sure knows how to party! I think you've done extremely well only losing a few hundred on it. The general wisdom is that new cars lose thousands the moment you drive them off of the forecourt so despite the loss, I'd count it as a win. Looking forward to some new videos, would love a roadtrip series in the Ioniq 5! Dream car.

[@007jerkins]

I love the blatant gloating!

[@judebrown4103]

Well Flaviana had a good time eh?! 😄 Fascinating seeing the chap fix the alloy... I did have visions of him turning around and finding a cat asleep in front of that heater though 😂 Glad to see you honoured the bet, great vid!

[@Redfinmodels]

Great video! You guys are so funny and natural with your chemistry, keep the videos coming great content 👌👌😊

[@cosmodoc]

another brilliantly entertaining and funny video! Love the Clint Eastwood-style serious expression walking to the cash point! Keep going!

[@F15HHOOKS]

Great intro, very creative. As soon as you typed in £200 I realised what it was leading to. Lots of free profiteroles Flavia. 😋

[@gazzaman28]

This is so good, you two are a proper double act! Oh yes, can we get to see more of your dog in the videos please. It works well for Petrol Ped.

[@hawkeye880]

Brilliant ending love your videos. Keep up the good work 👍

[@ReshadSufraz]

Andrew you and Flaviana definitley should be given a network daytime TV show! Great beginning and ending!!

[@MrEV]

Thank you! 😀

[@martinswitzer6534]

Classy ending. Love it!

[@jeffreycooper8408]

Lets be honest, if it wasn't for the completely doolally times we're in, you'd have lost by a hell of a lot more, even for an EV - but well done. I bet you're avidly watching AT for it reappearing to see what price they're trying to sell it at !! (edit: should have watched all the video before commenting!!)

[@alanloan66]

Great video love the opening and the look on your face when you had to hand the money over and flaviana gloating was funny I think flaviana should feature in more videos as you bounce off each other great looking forward to more 👍🏻

[@glenf4115]

Funny stuff, thanks for sharing. Our car dealerships here have nothing on their lot either. TFL did a show where they were discussing the huge markups on new cars and non-running private sale cars fetching huge premiums.

[@DarrenSpill]

Hilarious thanks for making me smile 👍🏼

[@rubyandrenaetheminiatureda6988]

Interesting content, and of course the debates with your family. Hope to see more EVs on the roads, and have noticed more in my town Herne Bay of late 👍

[@skyfox77]

Lol, that intro was epic! I knew what was coming as soon as I watched your face.

[@wendyhopkins2902]

Another great video lol , very impressed with the guy sorting the alloy wheel out

[@jamessjoynson4388]

As soon as I seen you at the cash point, oh dear, brilliant 😂. I enjoy your vlogs informative and funny. Keep it up you and flaviana👍

[@B0BHW]

How did you do Andrew? Brilliantly I"d say. Your wife is both beautiful and awesomely fearsome! Great episode that had me laughing out loud. Epic! You guys really must do a KZbin channel together!

[@briangriffiths114]

I should be uplifting my new 500e in the next few days. I was going to opt for a proper hot hatch to replace my warmish Twingo GT but your previous video encouraged me to take an extended test drive of the Fiat and I was immediately sold on a BEV. I take your wife's point about "small cars for rich people" but I think the Fiat is worth every penny and it has exactly the same dimensions as the Twingo - ideal for my small garage!

[@ianroper2812]

🤣😂🤣 could’ve told you that back in May, well done MRS EV…..I like the way she fans herself with £200! Moral of the story, don’t bet with Flaviana…🤣😂🤣

[@pebh]

Loved that end!! Well done!

[@couplandsj]

Prices are all over the place at the moment. I’m selling my 2yr old ICE (Merc GLC) to get an EV. I’ve been offered (by Motorway and WBAC) a price that is just £2k less than I bought it for new 2yrs ago. So it’s not just EVs that are holding their value at the moment. Strike while the market is hit…👍

[@markfitzpatrick6692]

Your wife’s reaction was so funny with. The money and what you had at the end of the video

[@peterowen4456]

Brilliant!!! The used car thing is really interesting. I have a Honda Jazz on PCP (just over a year to go). I still have my itch to go EV. Got the car valued on WBAC in May. £13,500. Did it again in July - £13,750. Offered it to Cazoo a few days ago. £16,250! It is very low mileage but even so. Unprecedented times at the moment. It won't last but EV prices will remain strong for some time as we get nearer to 2030.

[@David-bl1bt]

🤣🤣😂🤣 Absolutely hilarious. I couldn't stop laughing at Flavianas glee and the contrast between your dead pan demeanor. Definitely a good sale outcome, you could have been tied into a lease deal which would have cost you big style.

[@mra682]

Enjoyed the video.. particular the intro.. Going to the cash point. Thumbs up

[@bordersw1239]

Glad you got most of your money back but these are crazy times - my 5 year old diesel is now worth £2k more than it was in April, my wife’s 9 year old petrol car is now worth £500 more than in April.

[@Joe-lb8qn]

I think you did well to get that price. Well done.

[@jasonblair4057]

I think that was a pretty good deal all in all. I little risky but a good call on your part. The intro was excellent. 👍👍

[@briankavanagh7191]

Sorry Andrew but this channel should now be called "Flaviana with Andrew"!!

[@bryandavies6074]

The wad. "He's not seeing that again.". In the EV channel culture of tedious 30 something men bean counting range, evangelist rant-fests and superficial tedium, this channel is so refreshing and real.

[@waynemccance9849]

@Andrew, I wanted to tell you that in a way, your were correct on your comment “ not paying tax on an EV” This is because of salary sacrifice leasing schemes. Currently, under government guidelines, you can lease a car for 24/36/48 months and the money comes off BEFORE tax. Add the fact that BIK is zero and you are getting the car tax free. What I have not worked out is - if you decided to buy the car from the scheme after your term, how much does that bring the car down to ? And if we assume your leasing a car =< 35K, there’s a further 2.5K there too ? That would be an interesting calculation. I don’t know how much leasing companies are making so if we say you bought an EV cash from a dealer versus did it through salary sacrifice who would pay the most over say 2-3 years ?

[@mickzed6393]

My neighbour took delivery of a new RR sport last month, after a long wait. The dealer rang him the other day offering a $10k extra buy back. That's how crazy the current situation is downunder.

[@effin1233]

Brilliant Flaviana and you are pure gold couple love the counting the money face

[@richardcorns8553]

Great video thanks. I'm in the process of selling my Tesla model 3 performance now 2 years old for a new Model 3 LR. When I ordered my performance back in May 2019 it was £ 51k. I am now selling it for £ 48k! I put a 20k deposit on the performance with monthly payments of £ 600 on HP to own the car after 5 years ( still 3 years remaining) no pcp was available when I bought the car. The new Model 3 is 15k down with 4years payments at £ 450 on pcp with 12k back in my bank once I settle the hp balance. Picking the new car up next week really looking forward to it. Every time I drive this car it puts a smile on my face and its so easy to live with and awesome family car. The wife loves it which is a bonus. My previous car was a 2017 BMW m3. Cost 60k and only run it for 18 months. Only got 32k back for that car😬 cost me a bob or two.

[@ellistreloar2047]

Long range EVs will have low depreciation for the next 3-5 years because battery size and design will not significantly change in this period. Same as they didn’t change much in the last 5 years. Only wish we changed to EV sooner.

[@gerrytierney4075]

Such a good channel, very entertaining

[@cburdette2468]

Your a great couple, I so enjoy you guys. Keep It coming. 😁😃👍.

[@dlschgo]

Great content and watch experience!

[@evaddicted3224]

Good morning, I do really enjoy your videos and I have learnt a lot from them. I know it is not related to this video in particular and I do apologise in advance but I would like to as how come that sometimes you charged for free on Ionity during your challenges. Is it coincidence or a glitch with the unit. Thanks again.

[@MrEV]

Yes, sometimes they make them free if either that unit or the whole site is a bit unstable.

[@NRajah]

Sounds like you got a good deal overall. A lot of people wouldn't have such out for the top deal.

[@AlanTov]

Nice video. Well done fella.

[@joetheblowjoetheblowdave968]

Andrew with all the recent rises to utility charges would you ask the lovely Flaviana if she could negotiate a new energy deal for all your subscribers.

[@bernardchristensen9705]

Well done thanks.

[@iainmcintyre9900]

Channelling your inner Director there Very cool

[@shaunmckenna1923]

That was a nice video your wife is very entertaining :) I had never seen the little Fiat e before we don't have it here in Canada it is very cute what was your reason for selling it ? . Thanks for posting the video tale care stay safe .

[@MrEV]

It was only ever going to be a temporary car until the IONIQ 5 came out. We used to have a Fiat 500 so I thought it'd be fun to have the electric one for a bit. I wish we could have kept it but they're not cheap!

[@urbanvet7754]

Love that italian accent of her!. Looks like she is the boss :)) love the videos! i lost 6k in 1 year for my peugeot e208GT

[@mrsgmakes]

Brilliant. And very interesting too!

[@lenimbery7038]

Yes you should avoid selling your cars especially if you've got to pay an extra 200 quid to your wife each time

[@rigel1632]

Oh that closing montage 😂😂

[@EVPuzzle]

Loved the counting 🤣 well done on a cracking deal.

[@MrKlawUK]

market at the moment isn’t a good reflection of ‘normal’ deprecation - and neither is selling a car so soon anyway, not something most of us would do. But still an interesting and entertaining video.

[@G0ogs]

Considering a dealer had the car you did very good on the price I think

[@bobtetstall2681]

That look as she shook your hand would cause me sleepless nights :-) A fair price I think for your Fiat.

[@brucekennedy5274]

I feared the worst when I saw the “walk of shame” at the beginning. As it turns out, everyone’s a winner!

[@Telcontarnz]

The cash transaction was my favourite part!

[@liamolivermaher]

I think you did very well... usually you would lose 20% when you drive a brand new car out of the forecourt.... you got lucky, if it was an e-niro you would have lost a lot more I think, I drive an e-niro and love it but the fiat is hard to get as you said.... by the way love your videos...

[@malescan]

For the Onto comparison, consider that their price also includes insurance (and some charging).

[@MrEV]

Good point!

[@antoniopalmero4063]

Another great video. 👍🇬🇧

[@condal32]

I love our Leaf ('16 30Kwh Techna), it's now the least glamourous electric car on the road BUT, it's built like a brick out house and, really speaking, does everything we need. Admitedly, we don't really go much further away from Canters than Thanet but it's bought and paid for and, looking back on the deal we got, great value for money! I really can't justify doing the whole PCP, loan, kids inheritance to upgrade it! But being a Nissan, it'll see me out :-)

[@MrEV]

Leafs (old and new) are wonderful cars! So solid and well made. I’d buy another Nissan in a heartbeat.

[@Smiler7]

I would love to know how you two met?

[@nbstreet0631]

I love her. Never do a video without her

[@wimtimmermans4394]

First off: great video! Second: You took a great risk trying to sell an almost new car, and you were very lucky to have only a loss of 700 pounds in 3 months. I experienced more or less the same problem: I had a 3 year old Opel Ampera E to sell when I bought my Ionic 5 project 45. The Ampera E in 2018 cost € 48.000 including winter tires and tow hook. After 3 months on AT finally only one buyer was willing to pay € 20.000 for it. That is € 28.000 depreciation in 3 years! Then we decided to keep the car a a second car. In my experience ev's depreciate just as quick as ice-vehicles. The reason for that is that technology and prices of new ev's change also very quick. So I expect the Ionic to depreciate about € 10.000 the first year. It is a great car though. No regrets on that decision!

[@MrEV]

Ouch - that is painful. Where are you based? Supply of EVs to the UK seems quite constrained so I think that could have an affect on keeping used prices artificially high.

[@wimtimmermans4394]

@@MrEV The Netherlands

[@rbruce63]

Here in Costa Rica where I live, a 2017 Fiat 500E costs $15,500 which was the same top dollar as it costed 5 years ago. In terms of currency depreciation in Costarican Colones, it appreciated in value 25% from 5 years ago. My 2012 Volvo S60 T4 has a residual value of $9,000.” If I’m lucky!

[@MrEV]

I'm surprised it's kept its value so well considering it's the old model. That's a testament to how good they must be.

[@rbruce63]

@@MrEV And that there aren't many around to quote! Pity that ONTO passed the way. We have renting here, albeit I haven't been able to obtain a contract. The regular car loan required a 30% down payment and came with a two year fixed interest rate of 8.4% APR and then 9.20% variable rate with a floor of 9.2% and no ceiling onwards for the next two years... An acquaintance of mine drives one 500e since 2017. He paid $15,000 then and has lost in 5 years 10% of battery life as per an application. He has not performed a total discharge-total charge test. He's been charging immediately upon arrival to his work and when arriving at his place. Albeit he has an diesel SUV for longer errands. I am smitten by the looks of the car in grey with orange accents, but I have yet to face the piper with the loss on my beloved Volvo S60 when I sell it! If I am able to sell it as they have a bad reputation and expensive parts!

[@gwarlow]

Would be interesting to see how much a Fiat 500 ICE version would have lost in value in the same age/mileage scenario. Much more, I think. Cheers.

[@martinweston8147]

Great intro, as one of the “people” were under no doubt that you won’t keep the money to yourself 😉

[@mistymu8154]

The used market is crazy right now for both ICE and EV's, it is the best time to be selling right now with the chip shortages.

[@GuilhaumeBordiau]

Nice editing (and shooting) skills

[@tomquimby8669]

Creative ending well done,

[@goranlind6969]

Great video! I guess Flaviana would have pulled that 200£ out of your hands one way or another anyway. Have you sold your E-Niro yet?

[@MrEV]

Thanks! The e-Niro had reached the end of its contract hire period so I had to give it back a few months ago.

[@goranlind6969]

@@MrEV Ok! In Sweden, where I live, the car has a rest value in the contract after the leasing period has ended. This means that you can buy it for this sum and sell it on the market. My E-Niros (delivered March 2019, 68.000 km), that I will buy out and sell in November, rest value is 225.000 SEK but I will probably sell it for 300.000 SEK (equals 25.000£). Is it about the same in Britain?

[@paulh4699]

I thought you said “her daughter” too. Not that it is any of my business.

[@oykkh29]

Great video again

[@ginolagace473]

i love the final !

[@2011ppower]

Market conditions crazy at the moment, my wife has been waiting over three weeks for an " in stock" Corsa e to be delivered. Apparently it's at the docks and there's no transport!🤯

[@unconventionalideas5683]

How very typical. You should see the lines at American Ports and the backlogs in China. It's nuts.

[@unconventionalideas5683]

Perhaps the best would have been for you to arrange to go to the docks yourselves and pick it up.

[@Arthur_Pint]

Does it matter unless you are planning renew your BEV every couple of years?

[@bobmuir5811]

I'm surprised you lost so much. I sold my id3 after 9 months to wbac and made 2k on it.

[@TassieEV]

Sorry Andrew you'll have to have Flaviana in every video going into the future. Her facial expressions are amazing and made me giggle at many times as you talked about the car and such and selling the Fiat. But maybe safer to have transferred the money electronically, wouldn't be the same thing I know but after Covid amazing you are still using cash at all. I hardly used it before but even less so now and many shops have a preference for electronic payment via card/touch pay. Hopefully if Flaviana is willing to be in your videos of course.

[@devizes22]

Great vid Andrew. Flavia 😍 winner winner chicken dinner 😂

[@mikehedrick6544]

You needed the suspense music in the background for the beginning intro.

[@MrEV]

I tried it with music but it seemed funnier without. Amazing how music changes the tone completely though - disco was the best! 😀

[@johnlester6113]

Thank god for some sound..thought my deaf-aids had gone US!

[@PabloTBrave]

At the moment EVs don't depreciate much, this will be true in the shortish term. Some people are calculating the feasibility of the car based on high residual values, at some point it will bite them on the bum . I think it will be this way for a few more years yet

[@johng5474]

Great! Mrs EV doesnt trust him to pay up, and of course she is right. Will he ever learn not to argue with the boss?

[@cbromley562]

That was a pretty good deal in the end.

[@rodden1953]

Oh dear Andrew, Flaviana has made your ratings higher, looks like it'll be her channel soon , keep up the good work

[@MrEV]

It’s already her channel really!

[@andrewashmore8000]

Haha , she is a real ball breaker in the nicest possible way. Lucky man.

[@badad42]

Andrew , I think your videos are very good, but i only subscribed because Flaviana is the real star.😊

[@rogerfleming1121]

I have a question. I am thinking of buying an ID.4, selling in about 3 years. I am assuming the chip shortage will be over by then. But also that EV technology, in particular battery technology, will advance quite a bit. That suggests a large loss of value. But then again, EV's might still be in short supply if the move from ICE-Vs to EVs accelerates. So, buy or lease?

[@MrEV]

Good question! Firstly, yes, the chip shortage should be over by then. As for battery technology, I don't believe it's going to advance very much in three years. There's the continual promise of solid state batteries of course, which apparently will be undergoing testing next year and will have reached market in 2025 if BMW are to be believed. Even when that happens, I have a feeling the yield will be slow initially and BMW will probably just put them in the most expensive cars. For that reason, I think you'd be relatively safe buying an ID.4. However! We don't know what's going to happen with the Chinese brands. If any of them manage to flood the market with cheap EVs, that may bring the overall prices down a bit. I do think you'd be fairly safe with a VW though as it's a respected brand, and given so many people want EVs, I think prices will remain high for a long time to come.

[@AlanTov]

@@MrEV this sounds spot on to me. There will only be marginal gains around current battery technologies for the next 5 years I reckon. As 2030 approaches EV sales volumes will clearly rise sharply and that should drive prices down. But that will probably be from 2028..

[@palusisko]

In the end, it turned out well but I can't still understand how somebody could consider the Fiat 500 a family car :-) :-)