EV Discussion thread

Grumpy_chap

JKenH said:

Presumably if it is a business lease you will be an employee and enjoy substantial tax advantages if you choose the Model Y over the Q5.

Edit: several leasing companies are advertising the model Y as “in stock” whereas the Audi has a typical 20 week wait. With Tesla having already cut prices in China (where the Model Y is I believe made for the UK market) it might be worth hanging on for a cheaper deal.

I don't think I was specifically selected for this message and I wouldn't be able to take a business lease.

I simply posted because I thought it was "comment-worthy" that I could truly say that there was price-parity between an EV and equivalent ICE.  I think it is the first time I have been able to say that and I have been quite vocal in commenting on the cost of acquisition as a hurdle to EV adoption, so it is fair to comment when a more favourable figure leaps out.  

That said, business lease rates hide a multitude of sins and the private consumer still faces a cost of acquisition challenge for an EV versus ICE.  Still £48k for the cheapest TM3 and £52k for the cheapest TMY.

michaels

Grumpy_chap said:

JKenH said:

Presumably if it is a business lease you will be an employee and enjoy substantial tax advantages if you choose the Model Y over the Q5.

Edit: several leasing companies are advertising the model Y as “in stock” whereas the Audi has a typical 20 week wait. With Tesla having already cut prices in China (where the Model Y is I believe made for the UK market) it might be worth hanging on for a cheaper deal.

I don't think I was specifically selected for this message and I wouldn't be able to take a business lease.

I simply posted because I thought it was "comment-worthy" that I could truly say that there was price-parity between an EV and equivalent ICE.  I think it is the first time I have been able to say that and I have been quite vocal in commenting on the cost of acquisition as a hurdle to EV adoption, so it is fair to comment when a more favourable figure leaps out.  

That said, business lease rates hide a multitude of sins and the private consumer still faces a cost of acquisition challenge for an EV versus ICE.  Still £48k for the cheapest TM3 and £52k for the cheapest TMY.

I got that email too - must be because of my cybertrck reservation

Didn't look to see how many months it is over but if it is 48 then that is still only 50% of the car value - wonder if 4 year old model Ys will have such good residuals or if Tesla are setting themselves up for a big loss on the finance?

JKenH

Grumpy_chap said:

JKenH said:

Presumably if it is a business lease you will be an employee and enjoy substantial tax advantages if you choose the Model Y over the Q5.

Edit: several leasing companies are advertising the model Y as “in stock” whereas the Audi has a typical 20 week wait. With Tesla having already cut prices in China (where the Model Y is I believe made for the UK market) it might be worth hanging on for a cheaper deal.

I don't think I was specifically selected for this message and I wouldn't be able to take a business lease.

I simply posted because I thought it was "comment-worthy" that I could truly say that there was price-parity between an EV and equivalent ICE.  I think it is the first time I have been able to say that and I have been quite vocal in commenting on the cost of acquisition as a hurdle to EV adoption, so it is fair to comment when a more favourable figure leaps out.  

That said, business lease rates hide a multitude of sins and the private consumer still faces a cost of acquisition challenge for an EV versus ICE.  Still £48k for the cheapest TM3 and £52k for the cheapest TMY.

The cheapest Audi e-Tron is £43865 while the nearest ICE equivalent, the Q5, is £47045. It seems to me that it is at the more affordable end of the market that there is a distinct price premium for EV models. Having said that BMW still charge a substantial premium for their iX EV.

Turning to your personal situation, I know from previous posts that you are looking for a premium vehicle but I would ask is it essential that you have a brand new car? It’s just that the savings on some 2/3 year old ICE cars can be substantial. When I was looking for my Golf estate I also had a look at 3 year old BMW estates and saw several cars with less than 50k miles for under £16k. That’s around £40k less than the cost of a Model Y. Yes, it will cost you more to run the BMW but as you are now working from home it would take more than 20 years to recoup the price difference in fuel savings? I only raise this since I believe you are currently running an aged ICEv and presumably mindful of costs (this is a money saving forum) would ask if the extra cost of a new EV is something you can live with when there are 2-3 year old ICE equivalents at a third or even quarter of the cost to buy. 

https://www.autotrader.co.uk/car-search?sort=price-asc&postcode=dn213ps&radius=1500&make=BMW&model=3%20Series&include-delivery-option=on&year-from=2019&year-to=2019&body-type=Estate

gefnew

Just browsing the web and came across this, do not know if it is any good on price.
MG MG4 51kWh SE Auto 5dr £25,745 @ Brindley MG Wolverhampton / Auto Trader | hotukdeals

Grumpy_chap

gefnew said:

Just browsing the web and came across this, do not know if it is any good on price.
MG MG4 51kWh SE Auto 5dr £25,745 @ Brindley MG Wolverhampton / Auto Trader | hotukdeals

£25,995 list price.
Saving of £250 is about as much as there is to be had currently.
There are several forumites that have the MG4 and all seem to leave positive comment - it is a new model so there are no "long term tests" as such yet.
The MG4 seems competitively priced and well-equipped.
I would want to check the safety ratings.
The MG4 (and the MG5) do seem to be attractive packages though.

2nd_time_buyer

Grumpy_chap said:

gefnew said:

Just browsing the web and came across this, do not know if it is any good on price.
MG MG4 51kWh SE Auto 5dr £25,745 @ Brindley MG Wolverhampton / Auto Trader | hotukdeals

£25,995 list price.
Saving of £250 is about as much as there is to be had currently.
There are several forumites that have the MG4 and all seem to leave positive comment - it is a new model so there are no "long term tests" as such yet.
The MG4 seems competitively priced and well-equipped.
I would want to check the safety ratings.
The MG4 (and the MG5) do seem to be attractive packages though.

I have been taking a look too. We can get it with our electric car SS scheme at work. It is currently the cheapest car on there at £330 pm including, insurance, and full maintenance. Very tempting

Martyn1981

gefnew said:

Just browsing the web and came across this, do not know if it is any good on price.
MG MG4 51kWh SE Auto 5dr £25,745 @ Brindley MG Wolverhampton / Auto Trader | hotukdeals

Basically what Grumpy said. A friend/neighbour had a test drive last week and is getting one.

MG BEV's are relatively new, but I think the main takeaway is the lack of nightmare stories. I'm sure some folk will have had issues, as with all makes and models, especially if new, but there doesn't seem to be much in the way of negative press - certainly not enough to set forums, Youtubers etc, alight. I think if you combine new + Chinese + cheap(er), it would be fair to expect a bit more negative news than average, so MG BEV's ticking along quietly is, I think, high praise.

So perhaps, excellent VFM?

Grumpy_chap

Martyn1981 said:

A friend/neighbour had a test drive last week and is getting one.

I have heard so many people say pretty much this that it is tempting me to at least try one.

JKenH

Grumpy_chap said:

Martyn1981 said:

A friend/neighbour had a test drive last week and is getting one.

I have heard so many people say pretty much this that it is tempting me to at least try one.

They do sound good but is it the car you really want or would you be buying it because it is the best value EV around? I believe you were originally considering something like a Lexus. Will you be happy to live with the finishes inside the MG long term or will you wish you had bought the car you really wanted.?

I’m not knocking the MG4, particularly the long range version: it’s probably all the car anyone needs but is it all the car you would ever want? A few years ago you could probably have said the same about a Ford Focus - it drove well and was good value and it outsold premium brands but it was not an Audi or a BMW.

In its sector the MG4 is the stand out car but it is not a Lexus and potentially you could be disappointed a few months down the line because you have prioritised value over quality/luxury (whatever that might mean to you).

JKenH

EV servicing revenues ‘very similar’ to ICE according to report

https://www.catmag.co.uk/article/ev-servicing-revenues-very-similar-to-ice-according-to-report/