Cars are going to be the next bubble

[Jimmy the Jock]

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 ..