TESLA 50% DROP IN VALUE IN FOUR MONTHS

[@lotuselise4432]

A man with 2 electric cars worth at least £100k on the driveway making video on depreciation........ lol

[@julesviolin]

LOL twice 😅

[@davidmarshall5596]

​@@julesviolin😂

[@MR_THINQ]

Yep, talk about 1st world problems. It’s a joke 😂😂😂

[@jamie-hb8gy]

Another ev idiot that's been had.😂😂😂

[@mikefoley360]

There value is £65k combined, that's the point of the video...... Do you expect a poor person to own them or do you expect someone comfortable that does to talk about the depreciation? Why anyone would buy one with their own money is a mystery to me but that wasn't the point of the video.

[@scruffscruffeton986]

First mistake you made was listening to the government telling you EVs are the future.

[@marcomalo02]

From Kentucky USA...Dude, you're supposed to get wiser with age.

[@rogerwilliams2902]

Well said mate !.

[@matthewgodwin3050]

Tesla owners never learn.

[@paradiselost9946]

like youre supposed to review footage before posting it online but i get the feeling he couldnt tell due to the tears in his eyes...

[@GrrMeister]

Cars of the future IMAGINE we lived in a world where all cars were EVs, then along comes a new invention called the internal combustion engine. A vehicle half the weight and half the price, that will do far less damage to road surfaces. A vehicle that can be refuelled in a tenth of the time and has a range four times greater in all weather conditions. It doesn't need environmentally damaging, non- renewable rare earth elements to power it, and uses less steel. Think how excited people would be for such technology. They would sell like hot cakes. S. A. CHALLIS, Chelmsford, Essex

[@matthewgodwin3050]

We don't have to imagine. This happened in the early 1900s. EVs actually predate petrol cars, but they didn't catch on. They were shite then, and they're still shite now.

[@davidmarshall5596]

100% correct 🎉

[@SlartibartfastTheFourth]

Imagine changing from EVs to Internal Combustion Engines which are a third less energy efficient and emit class one carcinogens into the air which no one can escape breathing in ,leading to the deaths of forty thousand Brits a year , ever year and five million people every year worldwide .

[@FredFox-m9v]

'Shouldn't have got a Tesla' !

[@MR_THINQ]

Should have bought a petrol car - they’re in increasing in value because no one wants EVs

[@davefitzpatrick4841]

, used electric vehicles (EVs) are selling well in the UK, with record-breaking sales and prices falling: Sales: In the first three quarters of 2024, used EV sales have increased significantly, reaching record highs: Q3 2024: Used EV sales increased by 57% to 53,423 units, the largest market share ever at 2.7% Jan-Aug 2024: Used EV sales increased by 10.5% compared to the same period in 2023 Second quarter 2024: Used EV sales increased by 52.6%, reaching the highest market share ever at 2.4% Prices: Used EVs are now cheaper than their petrol and diesel equivalents

[@BubbaZRX]

Clean your camera lens mate.

[@paradiselost9946]

cant. its got behind the lens due to the copious amount of tears shed...

[@SuperUltrawide4K]

No one should ever buy a new EV without being on a lease.

[@MR_THINQ]

Totally agree, never buy one just lease it. The 2nd hand EV market is dead, it’s flooded with unwanted cars, no one trusts 2nd hand EVs because we don’t know what the battery health is and most people can’t afford them.

[@davefitzpatrick4841]

​@@MR_THINQyou might want to educate yourself. , used electric vehicles (EVs) are selling well in the UK, with record-breaking sales and prices falling: Sales: In the first three quarters of 2024, used EV sales have increased significantly, reaching record highs: Q3 2024: Used EV sales increased by 57% to 53,423 units, the largest market share ever at 2.7% Jan-Aug 2024: Used EV sales increased by 10.5% compared to the same period in 2023 Second quarter 2024: Used EV sales increased by 52.6%, reaching the highest market share ever at 2.4% Prices: Used EVs are now cheaper than their petrol and diesel equivalents

[@Crookedletta601]

Leasing a car is like throwing money out the window of a moving car 😂

[@SuperUltrawide4K]

@@Crookedletta601 what and buying a one outright or being in negative equity isn’t? LMAO

[@Crookedletta601]

@ Actually buying it outright is smarter without financing to avoid interest rates. What’s the point of leaving with nothing after leasing? It’s smarter to just purchase the car, once it’s paid off it’s yours. Your logic sounds like a person who plays The Price Is Right, They will risk it all and leave with nothing when they had the opportunity to take what little cash they had a run lol 😂 95% of all cars depreciate 😂

[@fredfred2363]

OMG. That is insane. Why would anyone want to buy new unless they had lots of tax to write off? And even then it'd make more sense to pay the tax and reinvest the surplus.

[@hareshkaria8377]

We buy any car are a bunch of crooks - avoid them. 😱😱

[@lotuselise4432]

I wanted to shift a car that I wasn't using AC had failed had scratches as it was an ex hire car and I got it cheap, did have a full service history as the mileage tallied in with schedule even though it was out, got a good price for it as the valuation went up, I didn't have the heart to sell it on to a private owner so I thought what comes around goes around, this was pre Covid.....

[@ComeJesusChrist]

The sensible thing would have been avoiding EVs altogether and to avoid buying brand new cars.

[@markpullinger3916]

EVs waste of money I’ve had an electric van for 2 years going back soon going back to petrol / diesel I don’t have time in my life sitting around for 30-40 mins charging or waiting for charging point Over a period of 2 years lost hours of quality time other than Charging through the night !!! We are being fooled !, Also lastly tell me why some petrol stations are being fully refurbished new petrol pumps put in but no electric charging points 🤔🤔🤔🤔🤗

[@greathey1234]

I don't feel sorry for idiots buying overpriced usless toys

[@Alfred171992]

I feel your pain. I had a similar experience here in the U.S. with my 2023 Tesla Model 3 Performance. I bought it used for $33,000 with 25,000 miles on it, and just two months later, I was considering trading it in for the Highland Model 3 AWD. Tesla was still listing similar Model 3 Performances on their website for $32,000-$34,000, but when I asked for a trade-in offer, they lowballed me with $25,500. From what I’ve seen, Tesla doesn’t care about their reputation when it comes to used car trade-ins. They’re not in the business of selling used cars; their focus is entirely on selling new cars. That’s why they’re constantly dropping prices, offering discounts, and incentivizing new inventory sales. The downside is that it drives down used Tesla values across the board. It’s frustrating, but unfortunately, it seems like this is just how they operate.

[@johnford3825]

Shock horror. All cars depreciate about 50% in their first year. It is only a problem if you plan on changing it every year. It tends to smooth out a bit after three years which is why most people hang on to them for that time. It is not an issue if you plan to keep it for 10 years.

[@Dansmodelyperformance]

I don’t plan to sell them ever !! And 100% tax deductible so the actual cost was alot lower !

[@NoName-md5zb]

What? All? Toyotas dont loose 50% in 3 years 😂

[@ChipMIK]

@@NoName-md5zb Naeh, thats a Tesla fanboy saying so. (& i got a Tesla myself). Utter unbelievable and i just wonder when people realize this. (And sh**load more about what Tesla isn't)

[@wizzyno1566]

No they dont.

[@paulomoniz7326]

My Renault Clio cost me 18k € in 2021 and its still worth 18k€....

[@dawid8844]

Why are you looking at the value of any car at 4 months unless you're in financial trouble? EV's depreciate like bricks as 99% of their customers are businesses, there's a limited market for them privately. My advice is buy on a lease next time, I've had two that way and I couldn't care less what they're worth.

[@Analysis-UK]

I’m looking at buying a 3 year old model 3 less than 40k on the clock for £18000 it’s insane how cheap they are now

[@waynekerrr9027]

Should've gone to Specsavers 😂😂😂😂😂😂😂😂

[@wakeywarrior]

Due to the depreciation on my Model 3 I handed it back (early termination) after paying 50% and am now leasing a new Scenic.

[@benitoscamelos5630]

You shouldn't consider we buy any car unless you are desperate to sell.

[@andrewhills6535]

Homework before committing your hard earned cash , school boy error 🙋🏼‍♂️🏴󠁧󠁢󠁷󠁬󠁳󠁿👍🏻

[@NotALot-xm6gz]

Unless it’s a very sought after model which isn’t available new, you lose 25% of the sticker price driving it away from the dealership.

[@johnr1066]

We buy any car have dropped all their evaluations recently.

[@teslataxi4546]

But you'd have to be braindead not to understand that WBAC value every car BELOW AUCTION valuation. What do you/they think happens to the cars that are bought?

[@matthewgodwin3050]

Petrol & diesel cars are all selling for well above Cap Clean at auction. Demand is extremely high for them.

[@adammoussa6114]

A lot of competition in the ev market right now. Let see the value after 6 months. Perhaps it will jump again

[@AdrianWalker247]

Being secondhand you must immediately take off the VAT, so that's -£10 before you start! It's not VAT qualifying either. You don't get a quote from Tesla?

[@jonfrench7133]

ev sales continue to confound the fossils as their metaphorical iceberg continues to shrink. For some common sense look at the depreciation after 3 years average mileage and you’ll see it’s c 52%. Anyone surprise at monumental depreciation within 6 months on any car should probably do a little more research

[@NoName-md5zb]

Evs depreciate much faster

[@jonfrench7133]

Take a look at the data, auto trader is a good place to start….Motorway.co.uk quote below….How fast do electric cars depreciate? According to the AA, a new car will lose around 60% after its first three years at a mileage of 10,000 miles a year. This shouldn’t be news to most car owners, as depreciation is simply a fact of life (and makes it even more important to get the best deal when you sell your electric car). While electric cars aren’t immune to this basic three-year rule, they have been performing notably well in recent times as ULEZ zones and trending brands help them retain value for longer.

[@jonfrench7133]

This is the insight from Autotrader…… Market data from providers like Autotrader shows that EVs depreciate very slightly faster on average than petrol and diesel-powered models. The biggest drop in EV value relative to fuel-powered cars is within the first 12 months. After that point, the rate of depreciation for each following year tracks more closely to non-EVs.

[@jonfrench7133]

so noname before regurgitating nonsense go do a little research

[@NoName-md5zb]

@@jonfrench7133 thus my comment after do a research

[@FFVoyager]

There is no reason for anyone to want to pay top money for a 2 month old car when they can buy a new one for not much more. Welcome to the real world of deprecation. At best you can expect to lose the VAT (about £10k of that?) as that wasn't part of the price of the car that Tesla was bearing anyway and then look for someone who has cash to buy a £50,000 car. Amazingly there aren't that many out there and certainly not Tesla who have ship loads of the things to sell. WBAC will always pitch bottom prices as they don't care if you sell to them or not. All they would do is stick the car in an auction and make £10-£15k on what they are offering you. Nobody with any sense would buy a new car and expect to sell it inside a year without significant loss. Just lease one.

[@JohnMackenzieInverness]

The other fact is you can buy a brand new EV with huge discounts and if that still to much look at the thousands of pre registered EVs that dealers cant sell

[@SteveB-nm7xb]

That’s EVs for you - cheap to run but expensive to own😮

[@simongreen2510]

Shock, horror said no one!

[@rogersimmons8788]

To no one's surprise!

[@malcolmlane-ley2044]

Why are you surprised? People need to do a total cost of ownership financial model before saving themselves a few quid on petrol, particularly if they aren't enjoying the benefits of low income tax for BIK against their business.

[@robk1003]

Absolutely dreadful depreciation. I'm actually getting my first EV tomorrow. It's a company car. At the moment, EVs only make sense as company cars. My wife has recently bought a car (second hand). It's petrol.

[@paradiselost9946]

ahhhh, long lunch breaks on the clock, at works expense. nice move ;) enjoy whilst it lasts?

[@robertpowell7672]

II thought EV depreciation was common knowledge. If you must get one, have it on a contract.

[@teslataxi4546]

Or buy it and dont ever sell it.

[@TJ-mb4qs]

No matter what your choice, you’re gonna lose a heap of money on any car, leased or bought, that’s life and yes it sucks! Even with leasing you will pay the depreciation as they calculate it in to the payments. Leasing makes it easy to give back at the end of the term, but if you try and get out early it will sting just as hard! Look what happened to Hertz and their tesla fleet!

[@julesviolin]

Has no one told you WBAC is not a valuation service ?

[@MrDmjay]

Very entertaining, thank you.

[@geometryexplainseverything4926]

First 20% goes to the Government in VAT tax ?....£60k car instantly is worth £48K this applies to any NEW car...then take off the dealerships profits and voilà......Not sure whats happening outside of my reality 😅

[@michaelmcnally2331]

I see that if buying a Tesla model Y now then on the site then giving 1 years free supercharging. ALL New cars lose value not an EV thing.

[@Hornetville]

I've lost 29k in less than a year on a Mercedes EQA

[@suhailshabir9305]

🤣🤣 Tesla overhyped poo

[@julesviolin]

EV version of Harry's Garage

[@matthewgodwin3050]

No it isn't. Harry Metcalf is intelligent, and he actually understands what's going on in the motor trade.

[@julesviolin]

Very true LOL

[@richardhowlett7398]

More money than sense.

[@badabing8884]

Crazy. The Teslas were over valued when you bought them. If I do buy one I would only consider buying one 2nd hand, then got to factor in charging at home and electrician as an additional cost. Otherwise apart from Teslas there are other options for EVs. Plus if the Govt. Is serious about getting peeps to switch they need to provide subsidies like Norway and China. In the meantime I will keep my ICE car and use it only when necessary. Walk/ebike cycle for local journeys.

[@rogerwilliams2902]

More money than sense !!!.

[@ComeJesusChrist]

The6 are through company tax write-offs and other company car schemes, so we are paying for this, many of us being a lot worse off and unable to afford anything other than the old and reliable ICE cars.

[@grith1983]

As soon as you've driven off the forecourt you've lost your VAT. All cars drop a massive amount within the first 6 months. I bought an A class edition for £34k had it three months got £26k for it I was getting quoted £21k with some garages. That's cars

[@NoName-md5zb]

Poor cars. Normal cars hold value

[@grith1983]

@NoName-md5zb I've had mercedes, BMW and lexus they've all been new and have all lost money. Unless your talking about a GT3 RS then no car ever holds money

[@NoName-md5zb]

@@grith1983 toyotas do

[@grith1983]

@@NoName-md5zb I've got a Toyota Yaris that I bought new for teaching, driving instructor. Its 7 years old done loads of miles and is still great. The lexus which is my wife's we've had 18 months and lost 14k. We've decided to just start leasing and have now got a model Y. It's the best car we've had for features as standard however isn't the best driving wise.

[@alwynhumphries391]

Your deluding yourself 30000 is top dollar.

[@ivortoad]

😊 Mustn't grumble.

[@commuterbranchline8132]

Mate you clearly know nothing about the motor trade. You loose 20% vat the second you drive the car out the door. Tesla are also offering 0% finance and free supercharging for one year so your almost new car looks like a bad deal compared to that because anyone borrowing money to buy yours will be paying through the nose for it. Enjoy driving your new car and stop moaning about something you haven’t done, because until you trade it,you ain’t lost anything.

[@johnsanderson966]

it's content mate, if he's going to hang on to them, it doesn't matter, just trying to make some $ on You Tube, hence the sensationalist headline."TESLA 50% DROP IN VALUE IN FOUR MONTHS"

[@Dansmodelyperformance]

Thanks I never intend to sell seems a lot of people missed that point ! By all the comments some good some not so !

[@paradiselost9946]

vaseline on the lens may work for "the bold and the beautiful" but it really doesnt make for a great YT video...

[@thejupiter2]

Well, you don't look young enough to be starting out on your career, and so you could be forgiven for having no choice on what company car you were forced to have. But anyone buying an electric car with their own money is a muppet.

[@felawes]

Errr ... and your point is what? EVs are rubbish.

[@SuperCatbert]

I hope you leased it

[@matthewgodwin3050]

Well well well. For months, EVangelists have been aggressively attacking anyone warning about severe EV depreciation, harassing and trolling them with childish and spiteful insults, simply for telling the truth. And yet, here we are. Well you know what, I couldn't give a damn. Serve you bloody right for buying a Tesla. Maybe you'll listen to a bit of advice next time.

[@essexandy189]

Luckily i lease mine

[@victorgrasscourt3382]

Only lease EV’s, never buy.

[@SimonWallwork]

You must really like losing money!

[@timlowe3081]

Errrrrrr the loss is the VAT and Tesla’s margin

[@paulomoniz7326]

oh god, so much loss of money.

[@jamie-hb8gy]

I have no sympathy for you,I don't even talk to ev owners as i just cannot look at them and take them seriously 🤦‍♂️🤦‍♂️🤦‍♂️

[@KimArchibald-d5o]

SORRY, Absolutely NO sympathy at all, if you can afford 2 EV 💁🏻‍♂️

[@Youtube_deleted_my_favourites]

its because no wants a tesla after the novelty has died. EV's are not green. The Contradictions of Battery Operated Vehicles = kzbin.info/www/bejne/iWKoaYaHmcpoqM0

[@mikeypc3592]

No-one wants a Tesla which is why they're the number one selling car worldwide.

[@soyboypersonalfinance1138]

I do not have a car

[@nickm20]

Lease a Tesla don’t buy one!

[@steinandersen6648]

Audi etron 60. Audi q8 60. Much worse. Choosing between a new my white or used with color upgrades, not very difficult... Tesla new car sales is extremely low cost efficient. Used car sales are not. But hey, you just made money on youtube about your misery

[@tilkanash]

Whinging Pom .....

[@onlyme6479]

LMFAO

[@joebloggs1583]

You paid 62 grand for a milk float you need to make a doctors appointment to get your head examined 😂👍

[@davidmarshall5596]

😂🎉

[@dune6727]

LoL