Petrol or EV for low mileage driver?

ComicGeek

born_again said:

majorstare said:

Similar situation my wife in 2020.
She only does 2000-2500 miles a year, all local.
We sold her ICE diesel for a Kia Soul EV (MY 2019). It was a little high on milage for a 2 year old car (30k miles) but still had 5 years warranty. Had it for 18 months and its now on 32k miles.
Road tax has gone to nil from £120 something per year.
It costs about £12 a month in electric vs £30-£40 a month in diesel.
Had a major service in February for just £62. Her ICE car would have been £250+.
We charge it for free from the local Aldi every week when we go shopping and get home with more range than when we left!

Cost us £14k and the dealer offered us the same amount to buy it back a few weeks ago.

No offence. But £30 @ 1.70 a Litre. & doing 40 mpg is 8K+ miles a year.

But Soul EV is a nice car 😁

No, you need to convert from litres to gallons.  So divide your 8K+ miles by 4.55.  

Martyn1981

gandalftheking said:

OP here - spanner in the works... All the views here.... what if I'm leasing not buying?....

Am 64 this year and next car could be the last lease I do. I've leased for years now. A throwback to some harrowing car repair bills as a younger man. I guess the wisdom will be to buy this time around??

Hiya we've had a few BEV's now, started with a 2014 Leaf (24kWh), only did about 70 miles, and you had to be careful, but great fun and intro to BEV's, if the mileage is enough. We have a 2018 IONIQ 28kWh, that's a great car, will do 130 miles, 150 if you are careful (but not even in ECO mode), so might be worth considering and if you are happy to wait for a charge, then decent enough range for longer journeys. Our 2020 TM3 long range could do 300 miles, 260-280 cruising at 85, but that's bigger money. And lots of BEV's / prices / ranges between those extremes.

Insurance for the BEV's has been less than the 9yr old Zafira we replaced, and under £300pa.

iwb100

gandalftheking said:

OP here - spanner in the works... All the views here.... what if I'm leasing not buying?....

Am 64 this year and next car could be the last lease I do. I've leased for years now. A throwback to some harrowing car repair bills as a younger man. I guess the wisdom will be to buy this time around??

If you are leasing it’s a pretty easy one. What difference in monthly cost is there and would you make that up in fuel savings. My guess is you probably wouldn’t and if I were you I’d lease an ICE or hybrid to be honest. You will also be limited in what they have in stock - which isn’t much right now or face a significant (year maybe more) wait for many cars.

gandalftheking

iwb100 said:

gandalftheking said:

OP here - spanner in the works... All the views here.... what if I'm leasing not buying?....

Am 64 this year and next car could be the last lease I do. I've leased for years now. A throwback to some harrowing car repair bills as a younger man. I guess the wisdom will be to buy this time around??

If you are leasing it’s a pretty easy one. What difference in monthly cost is there and would you make that up in fuel savings. My guess is you probably wouldn’t and if I were you I’d lease an ICE or hybrid to be honest. You will also be limited in what they have in stock - which isn’t much right now or face a significant (year maybe more) wait for many cars.

Yes the timing/wait is part of the conundrum. ICE will probably be the way to go...

Herzlos

gandalftheking said:

OP here - spanner in the works... All the views here.... what if I'm leasing not buying?....

Am 64 this year and next car could be the last lease I do. I've leased for years now. A throwback to some harrowing car repair bills as a younger man. I guess the wisdom will be to buy this time around??

You can get pretty competitive lease deals on EVs because the residuals will be fairly high. 

It depends on what you're planning on doing after the lease term, are you retiring / changing driving pattern?

ComicGeek

Still worth looking at leasing an EV through your limited company - costs are corporation tax deductible and very small BIK tax.

born_again

ComicGeek said:

born_again said:

majorstare said:

Similar situation my wife in 2020.
She only does 2000-2500 miles a year, all local.
We sold her ICE diesel for a Kia Soul EV (MY 2019). It was a little high on milage for a 2 year old car (30k miles) but still had 5 years warranty. Had it for 18 months and its now on 32k miles.
Road tax has gone to nil from £120 something per year.
It costs about £12 a month in electric vs £30-£40 a month in diesel.
Had a major service in February for just £62. Her ICE car would have been £250+.
We charge it for free from the local Aldi every week when we go shopping and get home with more range than when we left!

Cost us £14k and the dealer offered us the same amount to buy it back a few weeks ago.

No offence. But £30 @ 1.70 a Litre. & doing 40 mpg is 8K+ miles a year.

But Soul EV is a nice car 😁

No, you need to convert from litres to gallons.  So divide your 8K+ miles by 4.55.  

Opps... 🤦‍♀️😂

gandalftheking

Herzlos said:

gandalftheking said:

OP here - spanner in the works... All the views here.... what if I'm leasing not buying?....

Am 64 this year and next car could be the last lease I do. I've leased for years now. A throwback to some harrowing car repair bills as a younger man. I guess the wisdom will be to buy this time around??

You can get pretty competitive lease deals on EVs because the residuals will be fairly high. 

It depends on what you're planning on doing after the lease term, are you retiring / changing driving pattern?

Driving patterns will remain the same, but I'm a bit of a badge snob also, so this factors into the angst. Anything I have liked or gravitated toward (ID3, EV6, Tesla 3 (the 'dream' choice), IONIQ 5, Cupra Born, Skoda Enyaq, and others) seem to be either too pricey (subjective I know) or not available at the time I want them (end June this yr). 

Maybe I need a short term lease (or indeed a cheap 1.0L ICE runaround) until the electric market sorts itself out a bit.

DrEskimo

gandalftheking said:

Herzlos said:

gandalftheking said:

OP here - spanner in the works... All the views here.... what if I'm leasing not buying?....

Am 64 this year and next car could be the last lease I do. I've leased for years now. A throwback to some harrowing car repair bills as a younger man. I guess the wisdom will be to buy this time around??

You can get pretty competitive lease deals on EVs because the residuals will be fairly high. 

It depends on what you're planning on doing after the lease term, are you retiring / changing driving pattern?

Driving patterns will remain the same, but I'm a bit of a badge snob also, so this factors into the angst. Anything I have liked or gravitated toward (ID3, EV6, Tesla 3 (the 'dream' choice), IONIQ 5, Cupra Born, Skoda Enyaq, and others) seem to be either too pricey (subjective I know) or not available at the time I want them (end June this yr). 

Maybe I need a short term lease (or indeed a cheap 1.0L ICE runaround) until the electric market sorts itself out a bit.

I had this dilemma 3yrs ago. Rather than a smaller ICE or a lease the second hand EV was IMHO the far better option whilst I waited for a few years for the EV market to offer more choice. Cheaper than a lease and much nicer driving experience than a cheap ICE.

Fully expected to only keep the Zoe a few years and it's great not to be forced when to change cars like I would have been on a lease (i.e. during an inflated car market).

I've been borrowing my father in law's Model S and now I'm considering a used Model S to replace the Zoe....problem is it's hard to justify when the Zoe does the job!

Martyn1981

Out of interest, have you driven a BEV yet? No going back once you do.