I am about to buy a D E I S E L - Am I drunk?

Nasqueron

I bought a new one in 2014, 0% finance and use it for weekend driving for sports I am involved in and the odd supermarket trip. I get around 48-50mpg for the driving I do and pay £30 VED, no regrets at all (depreciation is irrelevant as I will run it for up to 10 years (as I did with my last diesel)). By the time I replace it in 2024 or so electric or hydrogen will be commonplace with ranges on a par or better than fossil fuel

neilmcl

Is this going to be another of his single post and run threads.

sevenhills

Tarambor wrote: »

Euro 6 diesel cars are very clean. Diesels aren't going anywhere. They're certainly not disappearing in 2 years time.

All Euro 6 cars are not the same!

So the OP is buying a Jaguar XJ with a large 3 litre engine and tuned to be fast, how to you think that compares to a 1.5 'ordinary car'?

https://www.express.co.uk/life-style/cars/786391/diesel-car-NOx-emissions-pollution-vehicles-Euro-limit

These diesel cars emit over 12 times the limit of NOx emissions - Is your car on the list?

Worst NOx polluters by brand:

Land Rover - 2011 Discovery, Range Rover 2012, Range Rover 2014, Range Rover Evoque 2013, Rage rover Sport 2012
Jaguar - XF 2011, 2012, 2013
Hyundai - i30 2012, I30 2013, Santa Fe 2012, Santa Fe 2013
Nissan - Juke 2013, Juke 2016, Note 2012, Qashqai 2012, Qashqai 2013, Qashqai 2014, Qashqai 2016, Clio 2013, Grand Scenic 2011, Megane 2012
Mitsubishi - L200 2016
BMW X3 2011, X3 2013, X5 2013
Vauxhall Astra GTC 2012, Corsa 2013, Insignia 2012, Insignia 2013
Volkswagen- Beetle 2012, California 2012, Passat 2011, Touareg 2013, Touran 2011, Amarok 2015
Ssangyong - Korando 2014, Korando 2016
Audi A8 Diesel 2013
Chevrolet Cruze 2012
Fiat 500L 2013, 500X Diesel 2015
Ford Grand Tourneo Connect 2013, Optima 2012, Sportage 2014
Mercedes-Benz A-Class 2014, C-Class 2014, CLS-Class 2013
Mini Paceman 2013
Peugeot 308 2014, 3008 2012
Skoda Superb 2012
Volvo V60 2013, XC60 2012
Porsche Panamera 2015, Cayenne 2013, Panamera 2012
Infiniti Q50 2016

Nobbie1967

In three years time, the residuals on current diesels may look quite good as there may be a lack of decent stock due to the current plunge in new registrations.

Bachelorplace

Some amazing research there on the AT posts thanks so much for those curve balls and time taken.

Also the NOX issues very interesting point. If this news gets more noted, people will start to be linched or be v unpopular. Who knows? Environmentalists, keying cars, protests, it could all get very out of hand.

That said and I agree NOX is not the thread point but is relevant on its future value impact. And whilst Jaguar and BMW are pushing "EU 6" is fine, we probably both know there is a documentary being made that will prove otherwise.

NOX aside, and if my lung damage is anything to go by I would like to see cleaner air, my late onset COPD is arguably caused by NOX - again who knows. I also used to smoke.

Back to those ideas.

Lexus are great:

BMW 7 Hybrid got slated, just for being quite rubbish, although it is worth a try!!!!! for myself.
Mercedes customer service is so shocking I would never go near that brand again. Literally the worst experiences I ever had in my motoring life.
Audi I have not tried but I hate the Nav and connectivity.

I normally calculate my purchase based on the algorythm you noted.

Cost - ReSale = Real Cost.

I normally self finance and work out the deal for myself, the anxiety is based on not doing PCP. Doing PCP in this case would make the best sense. However in most cases one pays an additional £5000 - £8000 interest or £200 odd a month just on interest. You also get raped on the future value which always has margin built in. PCP means the dealer wins multiple times on each transaction that relates to the car and it compounds over and over depending on the number of transctions.

Generally speaking, I also think the following.

1. D cars will retain value because people will shun post April 17 VED cars. i.e. My original plan was to purchase a 15/16 hold on to it for as long as possible then purchase an EV car closer to when it is a tangible reality.

There are no charging points. People will NOT plug their cars in at home. The whole thing is daft.

2. Smart people will see D cars as value buys to buy and hold.

However. Like I am dreadful at forseeing things - like my funds hideous loss this year.... not forseeing Blockbuster video would go bust and many other examples in the past. I could be wrong and hence the OP.

Only one with an economist mind may be able to offer insight.

Another manufacture saving grace might be to re engineer D engines / or even Petrol to omit less NOX - they did it with the emissions so surely it is possible and largely cheaper for them as a dev cost than developing battery technology.

I read an article where the CEOs of all the major manufacturers spoke about D and they all pretty much said it is over - as an invention. However that is obviously possibly the case, this means that the business model of BMW, MB and Jag is screwed for the next 5-10 years.

As far as hybrids go, there isn't much news on what they are and what they mean. All the media focuses on in how bad D is. Personally I think its a taxation excuse with a secondary arguement for NOX.

Maybe it is as simple as my not finding the perfect spec'd model, yet due to lack of used car stock, and that if I did. The emotional rationalisation would out weigh many of the financial concerns.

i.e. find the perfect quiet cruiser, that has done some good devaluation and is spec'd with all the favourite toys... who gives a hoot... its a car for me and not the next buyer and thus worth its money / losses.

motorguy

Nobbie1967 wrote: »

In three years time, the residuals on current diesels may look quite good as there may be a lack of decent stock due to the current plunge in new registrations.

I think thats going to be the case - less diesel cars being sold new, but theres no evidence to suggest the used car market is consuming less.

macman

Even in central London, within the CC zone, your 'new' diesel, subject to it being Euro 6 compliant, will not be subject to any additional payment-just the CC amount itself.
As for the residuals 2 or more years down the road, the jury is still out...

Typhoon2000

Diesels cars will always have a place. Indeed for long motor way journies, a large turbo Diesel engine is probably the best bet and a hybrid probabaly the worst ( you wont be charging the battery and all the extra weight of the motors and batteries will ruin your mpg).
Those small Fiesta sized cars running about town should never have had a deisel engine, if not for the CO2 environmentalists and should always be petrol or hybrid/EV. It will be these small city cars where diesel sales will correctly drop.

motorguy

Typhoon2000 wrote: »

Those small Fiesta sized cars running about town should never have had a deisel engine, if not for the CO2 environmentalists and should always be petrol or hybrid/EV. It will be these small city cars where diesel sales will correctly drop.

Absolutely. And their demise has been predicted for several years. Rising costs of compliant diesel engines have made them more and more expensive, plus we've the advent of the small, efficient petrol turbo engines that are now prevalent making diesels in smaller cars close to unnecessary.

Diesels should always only have been bought if the sums stacked up. Far too many people buying diesels to do 6K miles a year

[Deleted User]

As long as there are still <£30 VED diesels on the used car market I'll carry on buying.