Whys does this always happen to me! Porsche Macan 4S EV - Part 1

[@BionicRusty]

German media are reporting that Porsche are in ‘Crisis Meetings’. Take a wild guess at the cause. Hint: Rhymes with TV 📺

[@Only-one-life-68]

Like every single car/van manufacturer in the world 🌍 !!! Other than ? You got it China 🇨🇳.. As there massively cheaper to manufacture and the Chinese 🇨🇳 government is subsidising it also so as to RUIN world car/van manufacturing.. Tariffs NEEDto be placed on all goods coming out of China today..

[@Challengetheroad]

Will take a look

[@jonfrench7133]

stupidity

[@jonfrench7133]

not judging the market at all well. EVs have democratised performance, without the USP of the ICE the premium price is much harder to justify. And folks are voting with their feet

[@EwanM11]

Nope, the cause is Chinese buyers no longer buying them. They have had a huge reduction in sales in a market bigger than the EU in the space of a few years. This has happened to everyone who had a presence in China. They're all screwed as a result.

[@MrSteviesmozz]

Get two EV's?? I say get a new accountant!

[@Only-one-life-68]

My thoughts were successful buisness person sounds like very fortunate to have had a good 2024 in business and they want 2 EV’s wow. Thought there would be more common sense.

[@matthewgodwin3050]

To be fair to the accountant (and I'm no fan of EVs), it can make sense for some businesses to purchase an EV. With the right incentives, it can save you massive tax liability, so you can afford to write off the cost of the EV and still come out ahead.

[@Only-one-life-68]

@ That’s much on what I said,but clearly the average tax paying person is subsidising the wealthy’s vehicles.. That to me is unfair,especially when there making working people that travel forwards and backwards to there work place that are payee’s buy a EV with NO incentive whatsoever,as they are introducing VED as of from next April 25

[@BaconSandwich72]

£99k for a Macan?!. I’m not their target market anyway, but prior to all this homogeneous EV tat, the reason you’d justify spending way more money on a Porsche vs much cheaper cars was the engineering that went into it. What separates a BEV Macan from a BEV…anything else now?. It’s not speed or engineering. Build quality?. When your point of difference is a badge and a hefty price tag, no wonder 8,000 jobs are at risk.

[@Only-one-life-68]

Branding over ruling there brain.

[@robertbate2991]

Here is the problem. Accountants telling you to buy an EV through your company as you get the tax relief. Us normal private buyer plebs don’t get that option and stuck with massive monthly pcp or lease on a hugely depreciating heavy car

[@sidrens5292]

If it’s on a lease the depreciation isn’t a concern surely? That’s why leasing rather than buying an EV makes perfect sense.

[@Only-one-life-68]

@sidrens5292 The big difference is the Vat.. Reclaimed with business user not private.. Big difference plus huge cost loss of you next years profits,so less corporate tax to pay..

[@flipsideracing]

Without a future guarantee value I would never. The next 5 years are going to be the maddest ever.

[@sidrens5292]

Leasing an EV makes perfect sense! Buying an EV makes no sense whatsoever - keep for 4-5 years and it loses most of its value - people don’t seem to trust secondhand EV’s - especially with only 8 years battery warranty from new.

[@davefitzpatrick4841]

You do realise the average Ice car warranty is 5 years or 60,000 miles ( that's only available if you complete regular maintenance) , the average EV warranty is 8 years or 100,000 miles . My 9 year old EV battery state of health is 89% . I've been driving for 40 years and had countless cars the majority of which have had issues. I've had my EV for 6 years now and it's been by far the most reliable car I've owned, cheapest to run . I'm not an Environmentalist, I bought a used EV for financial reasons, I'm also in several EV groups on F/B with countless thousands of owners and the majority have the same experience as I have . Where this claim that EVs batteries fail all the time comes from is the first generation of Nissan leafs that had poor battery chemistry and no active cooling and poor battery management. Battery chemistry has vastly improved with plenty of EVs over 200,000 miles ( average Ice car in the UK is scrapped at 125,000 miles) and some over 400k miles. There are also now third party garages now that also fix Ev battery issues ( often on one or two bad modules) at a fraction of the cost of replacing a full battery ( which is where dealers try to push you into ) . You'll also find the used EV market is very healthy. Sales are increasing: In the UK, used EV sales have increased significantly in recent years: 2024: In the first quarter of 2024, used EV sales increased by two-thirds compared to the same period in 2023. 2023: In the third quarter of 2023, used EV sales increased by 57%, reaching a market share of 2.7%. Choice is increasing: There are more used EVs available than ever before, including a wider range of models. Prices are falling: Used EV prices are still falling fast. Affordability: Used EVs are cheaper than petrol and diesel equivalents. Confidence is growing: Confidence is growing in the market, and people are realizing how enjoyable electric cars are to drive.

[@sidrens5292]

@ that’s awesome! My point was mainly about the fact it makes sense to lease an EV and not own it - as the resale value is so poor compared to petrol equivalent. I’m considering at EV for my wife, as she only does short school and shop runs. Thanks for sharing

[@jonathancollard3710]

Market being drastically manipulated by company tax dodge that ultimately means the normal tax payer is subsidising expensive cars that otherwise would not be considered 🤬

[@Hitstirrer]

A bus running out of charge is always human error in some way.

[@24ct_G]

Slowly selling your soul day by day

[@Challengetheroad]

You need to watch through! it wasn’t me! 😇

[@jonfrench7133]

Bacon sandwich has it exactly right. The problem, beside the overflowing anti ev emotion, is that legacy makers are now late entrants and cannot manufacture to a cost that people are prepared to pay without any differentiation other than badge

[@Only-one-life-68]

Thanks

[@Challengetheroad]

Thank you 🙏

[@brutusoftroy2810]

Thanks for the video! Just food for thought here. The British standard for a UK standard parking space hasn't changed since the early 1960's when the average car weighed between 1-1.5 ton so not only do we need to revolutionize the charging network we have to rebuild most of the multistorey car parks to accommodate the weight. Multistorey car parks will be unsafe very soon.

[@keyo525]

You mentioned you own a Mk2 golf on one of your old videos- ive searched your videos and cannot see it - is it a low miler 16V ? Thanks

[@Challengetheroad]

Hi 👋 it’s 1 owner 60k miles - 8v 5 Door model. I need to do a video soon

[@keyo525]

@@Challengetheroad That would be good thanks.

[@Only-one-life-68]

Clearly Richard,the only reason for EV is tax dodge,otherwise it would be get me a GT3 before the end of the year please 🙏,as it’s the end of my corporate tax year. Only Porsche EV’s that sell unfortunately R buisness deals.. No retail customers

[@enoch2252]

Is the tax benefits worth over the depreciation?

[@Challengetheroad]

I still think Secondhand is best buy, I will add it to the Part 2

[@boristabacsplatt6609]

Most of the cost of petrol and diesel in the UK is tax in one form or another. To kick start the demand for E-fuels, the government mist lower its expectations on the amount of revenue it will get. We simply don't have the electricity generation infrastructure in place for large scale adoption of EVs. Our government needs to grasp the nettle and start large scale building of nuclear power stations. You've got to walk before you try to run.

[@richT21]

Can you review the Porsche Cayenne Turbo E-Hybrid Coupé with GT Package, please? i am thinking of buying a preowned one a few months old

[@24ct_G]

I hope you don't need to tow anything 😂

[@Challengetheroad]

🤣 I know!

[@Only-one-life-68]

£99k omg 😦. It was a S not a turbo,my friend recently purchased a GTS Macan for £94k,sound is wonderful proper Porsche 😍

[@Challengetheroad]

I really want a gts Macan they look great

[@antonymcneillis]

Can’t wait to see the Macan EV video.

[@Challengetheroad]

I am looking forward to seeing how it goes

[@geoffchaplin2123]

No more garden centre cakes for yoooooooo!

[@tobycolin6271]

Surely if your going to buy two new EVs then you should be negotiating a petrol one as there are now 8 petrols available at a premium

[@BarryMakariou]

As a business £100k EV claim vat back £20k then tax write off say normal tax payer 30% £30k so in theory this is £50k car even if he loses 50% value he’s fine…personal purchase is another story!

[@Nick-vp7lp]

£33.5k off a brand new, facelift Taycan.

[@lesliesmith4846]

Needs a new accountant, never let the tax tail wag the dog.

[@bentullett6068]

Have you joined the gym in readiness of getting an EV again.

[@junkoandnigelwates403]

You can do a comparison vs the Petrol Mecan GTS when they come

[@mainschlorinationltd4517]

He needs to put that profit into his SIPP before he buys a brand new EV 😂. Second hand EV’s all the way not new

[@tomsung2956]

Why does your mate who seems to be a business owner like you need you to buy his cars for him?

[@Challengetheroad]

Because he wants the best deal

[@AlexLancashirePersonalView]

How many people know where "Lovely Jubbley" came from, not Del Boy.

[@antonymcneillis]

It came from an advertising slogan for Jubbly, an orange-flavoured soft drink. It then got adopted by only fools and horses😁

[@AlexLancashirePersonalView]

@@antonymcneillis Correct, you must be as old as me.

[@antonymcneillis]

@@AlexLancashirePersonalView 😁

[@craigburgess2237]

A local Porsche dealer told me yesterday that they will be ceasing production of all ICE Mecans by 2026.

[@GT380man]

At this rate, Porsche won’t exist by 2026. They’ll have entered bankruptcy protection.

[@craigburgess2237]

You’d think if they are struggling they’d up production of the cars they could sell i.e. GT cars.

[@jrinns9137]

don’t believe you got the tax benefit if there the ability to hand it back. has to be hire purchase with a balloon.

[@Challengetheroad]

Will add to part 2

[@barry4347]

How is the new overpriced GT3 circa £200k specced LMFAO going to drag up the prices of other Porsches! I doubt there will be anywhere near the interest in these GT cars going forward!

[@Challengetheroad]

Wait for the video Barry 👍