Re: Cars are going to be the next bubble
Quote:
Originally Posted by
Jimmy the Jock
Depends on your miles and spec .
Somewhere between 100 and 140 a month .
Carrying on with this Fred Jimmy, and with the government news today, I'll be getting myself a new motor when the reg changes in March, 2 x 22 mile journeys per day, Mon to Fri, use very little on weekends, is it time for Leccy, Hybrid ?, or possibly go back to diesel as we have another 15 years before the change, currently have petrol.
Re: Cars are going to be the next bubble
Quote:
Originally Posted by
Nelsonca61
Carrying on with this Fred Jimmy, and with the government news today, I'll be getting myself a new motor when the reg changes in March, 2 x 22 mile journeys per day, Mon to Fri, use very little on weekends, is it time for Leccy, Hybrid ?, or possibly go back to diesel as we have another 15 years before the change, currently have petrol.
Got a feeling it’s more of a PR stunt than anything.
Re: Cars are going to be the next bubble
Quote:
Originally Posted by
Jimmy the Jock
Perhaps I could have left the "like you" bit out.
It works for you and thats great, it wont always , unfortunately.
You have kept it too long when it fails and you spend a a fair bit getting it fixed and try to recoup that money and it fails again.
It isnt duping anyone , its a fact it happens .
I would hate everyone to go contract hire . There would be no market for my used contract hire vehicles ....:-)
Fair enough and the minute the car starts costing me money, regularly, or I jump into it in a morning with fingers crossed that it actually starts - that is when I will change it.
My mileage is going down now, so the chances are my next car will be a used car rather than new.
As for electric, I really want to go electric but it isn't quite there yet. £33,000 for a Kia something is the cheapest I can find. That is too much for a car - but the prices will drop by 2035. Either that, or the Government are going to face an almighty backlash in 2035 when a new £20,000 car is replaced by a £33,000 version that has a battery that will die in 7 years. I'm confident it won't be like that.
Re: Cars are going to be the next bubble
Quote:
Originally Posted by
Nelsonca61
Carrying on with this Fred Jimmy, and with the government news today, I'll be getting myself a new motor when the reg changes in March, 2 x 22 mile journeys per day, Mon to Fri, use very little on weekends, is it time for Leccy, Hybrid ?, or possibly go back to diesel as we have another 15 years before the change, currently have petrol.
Petrol in my opinion.
Re: Cars are going to be the next bubble
Quote:
Originally Posted by
WJ99mobile
Got a feeling it’s more of a PR stunt than anything.
Johnson won't be around in 2035. Some other Government will have to face the potential issues. I hope not though, it would be great if we were all driving affordable electric cars, with 400 mile range, and a battery that was still fairly effective 10-15 years after the car was bought.
Re: Cars are going to be the next bubble
https://www.bbc.co.uk/news/uk-englan...shire-56104281
Called it.
Longer lasting cars + cheap finance deals + working from home.
Here comes an almighty bubble when no one buys for the next few years.
Re: Cars are going to be the next bubble
Quote:
Originally Posted by
WJ99mobile
Surely a general tightening of belts in the last year has had an impact here though
Re: Cars are going to be the next bubble
Quote:
Originally Posted by
NYCBlue
My Mrs dives a Kia. We lease it. Surprisingly nice car. Smooth ride, great handling and nice pick-up.
The wife or the car?
Re: Cars are going to be the next bubble
Quote:
Originally Posted by
Eric the Half a Bee
Bubble cars might be the future.
Ideal for away games.
Re: Cars are going to be the next bubble
Quote:
Originally Posted by
Taunton Blue Genie
The wife or the car?
Oops. I was beaten to it.
Re: Cars are going to be the next bubble
Quote:
Originally Posted by
WJ99mobile
Add in the tax benefits for new leccy cars, and it means buying second hand makes no sense when compared to electric. I'm getting a new, highly specced Audi etron- list is about £75k. Post tax, it is going to cost me about £380 a month, including insurance, servicing, unlimited mileage etc. If I were to take a second one, it would be close to free (bizarre interaction of income tax limits and childcare).Factor in depreciation and fuel cost and it works out cheaper than my crappy 14 year old X3 which I paid £7k for 3 years ago and is worth bugger-all now.
And it gets a LOT cheaper on more standard family cars. an iD3 would cost me less than £200 a month; a Skoda Enyaq (which looks brilliant) about £250 a month. Once I got past the range anxiety thing, I'd be absolutely mental to take on a 2nd hand ICE car.
Re: Cars are going to be the next bubble
Quote:
Originally Posted by
WJ99mobile
Got a feeling it’s more of a PR stunt than anything.
Same as air source heat pumps. It's less than 3 yrs before gas CH is banned from new build. I hope the weather's going to get a lot warmer because folk will be freezing in winter. The only way to get even the best insulated home warm enough in winter is to combine the technology with under floor heating - or have radiators the width of one wall in each room. It's also only marginally cheaper than gas
Re: Cars are going to be the next bubble
Quote:
Originally Posted by
WJ99mobile
People havent been able to travel to purchase cars .
Plus they havent been able to use their own cars , I would suggest there are two good reasons cars havent been selling.
When the roads are opened up I expect the used car market to perk up.
I have got things for sale , plenty interest but no one wants to travel to see the cars.
Used vans values are through the roof , most 3 year old vans are 2-3 k more than they should be .
Re: Cars are going to be the next bubble
Quote:
Originally Posted by
Optimistic Nick
Add in the tax benefits for new leccy cars, and it means buying second hand makes no sense when compared to electric. I'm getting a new, highly specced Audi etron- list is about £75k. Post tax, it is going to cost me about £380 a month, including insurance, servicing, unlimited mileage etc. If I were to take a second one, it would be close to free (bizarre interaction of income tax limits and childcare).Factor in depreciation and fuel cost and it works out cheaper than my crappy 14 year old X3 which I paid £7k for 3 years ago and is worth bugger-all now.
And it gets a LOT cheaper on more standard family cars. an iD3 would cost me less than £200 a month; a Skoda Enyaq (which looks brilliant) about £250 a month. Once I got past the range anxiety thing, I'd be absolutely mental to take on a 2nd hand ICE car.
Is that on a contract hire Nick?
The residuals on electric cars are high at the moment , that will change as they become more main stream.
We are starting to see electric cars become available to the hire market . That will force residuals down.
Funnily enough, just had a mailshot on the Audi etron . Was thinking maybe change my C63 for one . Maybe next year ..
Re: Cars are going to be the next bubble
Surprised about the lack of positivity about electric cars, I think they are amazing!
Don't get me wrong, I can not afford one yet but it is still very early and the early signs look really promising!
The price of batteries has fallen 88% in the last decade, and this trend is continuing.
Battery's are proving to be much more robust than first feared, multiple cars have done over 500k millage on the original battery, and the general consensus seems battery quality is at a point where they will often out last the car and then be repurposed.
In terms of raw materials for batteries, yes this is a issue but, once again all these metals and minerals or recyclable, oil is not.
Electricity supply is not really a issue, Wind and solar is now cheaper! than traditional power stations, even without renewables it was still cleaner to burn coal to power electric cars, than it was to not burn any coal and continue using petrol/diesel.
but we do not even have to make that trade off now with the huge continued increases of clean wind power.
Finally it is so much cheaper to maintain for the consumer, a traditional engine / drive train has over 2,000 moving parts, a electric car has less than 20.
Ask any engineer and anything that moves is doomed to fail at some point.
General repairs will be much more rare on EV's. No turbos, no clutches, no gearbox's, no oil tanks, petrol tanks, fuel lines, oil filters, gaskets ect, ect.
Re: Cars are going to be the next bubble
Quote:
Originally Posted by
Jimmy the Jock
Is that on a contract hire Nick?
The residuals on electric cars are high at the moment , that will change as they become more main stream.
We are starting to see electric cars become available to the hire market . That will force residuals down.
Funnily enough, just had a mailshot on the Audi etron . Was thinking maybe change my C63 for one . Maybe next year ..
Yeah but through company car scheme - I get a deduction from taxable pay for hte lease cost, but the BiK is currently nil. It goes up to 1% next year, and 2% after that.
There is a "latest news" section in our company car scheme website where they announce new cars. Of the last 10: 8 have been EVs; the other 2 have been PEHVs.
There are some amazing cars out there and on the way. I actually think the etron is overpriced for what it is now, but it's a bit like buying a computer: something far better is always on the way, and if you wait for the best deal you will never jump on in the first place. At the top end the Lucid Air looks incredible, and the Porsche Taycan has supercar performance for a fraction of the normal price. The BMW iX3 is orderable now and is considerably cheaper than the etron and the BMW iX looks fantastic. But it is the more mainstream cars that I think will change it. I'd almost rather have the Skoda Enyaq than the etron but they won't be available until the summer and the Hyundai ioniq 5 looks amazing, and they are going to comparable in price to normal ICE cars. I think the switchover is going to come very quickly now that ranges are generally well over 200 miles and many far more than that.
Re: Cars are going to be the next bubble
Quote:
Originally Posted by
chris lee
Don't get me wrong, I can not afford one yet but it is still very early and the early signs look really promising!
The price of batteries has fallen 88% in the last decade, and this trend is continuing.
I think something is going to snap in about 3 years. I am not sure how long the government is going to maintain the tax benefits for electric cars - currently they are effectively an entirely tax-free benefit. If they turn the tap off, everyone is going to hand back the keys and the market is going to be absolutely flooded, which will push down prices in the second hand market. Plus the technology means that stuff is going to become obsolete far quicker? Dunno. But I am hopeful that the gap in cost between electric and ICE will reduce greatly in the coming years.
Re: Cars are going to be the next bubble
Quote:
Originally Posted by
Optimistic Nick
I think something is going to snap in about 3 years. I am not sure how long the government is going to maintain the tax benefits for electric cars - currently they are effectively an entirely tax-free benefit. If they turn the tap off, everyone is going to hand back the keys and the market is going to be absolutely flooded, which will push down prices in the second hand market. Plus the technology means that stuff is going to become obsolete far quicker? Dunno. But I am hopeful that the gap in cost between electric and ICE will reduce greatly in the coming years.
In response to the point about technology becoming obsolete, I believe the opposite is happening. If I use Tesla as an example they provide over the air updates to all cars, so one morning you can get in your car to go to work and it will have had a whole software upgrade, much like how an Iphone will get a upgrade.
One such update actually optimized power usage and increased the range of older cars. Imagine getting into your old petrol car one day and your MPG has increased with a free update, that is essentially what is currently possible with electric cars.
Re: Cars are going to be the next bubble
Good thread for me. Driving a big diesel but it’s fine for 5 years plus. But do I cash in now and get a leased ID 4 for example ? £300 per month? I’m verging to going electric sooner than later.
Re: Cars are going to be the next bubble
Quote:
Originally Posted by
chris lee
In response to the point about technology becoming obsolete, I believe the opposite is happening. If I use Tesla as an example they provide over the air updates to all cars, so one morning you can get in your car to go to work and it will have had a whole software upgrade, much like how an Iphone will get a upgrade.
One such update actually optimized power usage and increased the range of older cars. Imagine getting into your old petrol car one day and your MPG has increased with a free update, that is essentially what is currently possible with electric cars.
I mean more the hardware, the batteries etc. Just look at the ranges possible now and compare that to what was available 5 or 6 years ago. And the speed of charging too. In 3 years time, my etron with 200 mile range (at a push) is going to look ancient when its competitors that are just 2 or 3 years younger can do 50% or even 100% more range and charge in half the time.
Re: Cars are going to be the next bubble
Isn’t that why leasing electric makes sense at the moment?
Re: Cars are going to be the next bubble
Quote:
Originally Posted by
tricks
Good thread for me. Driving a big diesel but it’s fine for 5 years plus. But do I cash in now and get a leased ID 4 for example ? £300 per month? I’m verging to going electric sooner than later.
It looks amazing but I think it is basically the same as the Skoda Enyaq which is cheaper and I think looks fantastic - I actually canceled my etron order briefly to order the Skoda, but the lead time was about 9 months! The Hyundai ioniq 5 looks even better (although I think there is still quite a wait for that) - range of over 300 miles; 0-60 in 5 secs; massive boot; can charge in 18 mins. And it looks like the 1980's vision of the car of the future.
The other one that looks great value and is tried and tested is the Kia Nero. I was also sorely tempted by the MG SUV, but the range just wasn't quite large enough. But that was cheap as chips on my scheme - literally less than the monthly running costs of my existing car even before depreciation.