PHEV or Full EV and PCP vs Part cash & Loan

Mark_84

I am currently looking at either the Hyundai Tuscan PHEV with a 38 mile battery range or Skoda Enyaq Sportline.

The Hyundai Tucson is £27,750 and was first registered in March 2023. It does have a low PCP rate of 7.4%.

The Skoda Enyaq Sportline was first registered in December 2021. It has done around 50,000 miles with a 91% battery SOC. Listed at £23,990

I will have around £9500 cash which I could maybe stretch to £11,500

My current car was a PCP so I am thinking of putting in around £15,000 from a loan this time at 6.2% which over 5 years is within my monthly budget. With the cash above gives me around £25,000-£27,000

I am guessing it makes better sense for the loan approach? I may take out the loan first and then pay off the PCP early to get the free services etc

My daily commute is currently around 6 miles each way which may increase to 15 miles each way. I currently do around 7000 miles per year.

I am torn between the two cars really.

The Hyundai is newer and comes with a 5 year warranty. If I buy on PCP I get some services thrown in.

The Enyaq is older and has more miles on it. It would come with 2 years warranty on PCP with 2 years services & MOTs. I would then need to pay around £200 per year for the Skoda warranty.

MX5huggy

Have you driven them both? The Enyaq is a different class. Is it an 80 or 80x (4x4) or the smaller battery 60? The Enyaq options were complicated at launch.

40k in 20 months in mine love it every time. 

Mildly_Miffed

Start by figuring out which car you want.
Then figure out the best way to pay for it.

PCP on used cars is rarely good value.

Mark_84

MX5huggy said:

Have you driven them both? The Enyaq is a different class. Is it an 80 or 80x (4x4) or the smaller battery 60? The Enyaq options were complicated at launch.

40k in 20 months in mine love it every time. 

I drove an enyaq 60 a while ago but haven’t driven the sportline. It’s an 80 rather than 80x.

I have driven the Tucson but there aren’t many uses sportlines near by.

Maybe I need to drive one and make my mind up 

Grumpy_chap

Mark_84 said:

My daily commute is currently around 6 miles each way which may increase to 15 miles each way. I currently do around 7000 miles per year.

With such a low annual mileage, your biggest cost is going to be depreciations (because of time passing, not mileage related).  Go for the Enyaq and you've saved £4k of that depreciation from the get-go.  Plus the Enyaq is an entirely different class of car for the money so what's not to love?

born_again

With that mileage & guessing the choice between PHEV or EV, you have facility to charge from home.

EV all the way. Costs will be slashed with EV
7,826 miles has cost me £152.09 in electric.

Arunmor

born_again said:

7,826 miles has cost me £152.09 in electric.

But for how long will that last before the government come up with some dastardly plan for EVs to pay their fair share of fuel duty?

WellKnownSid

Arunmor said:

born_again said:

7,826 miles has cost me £152.09 in electric.

But for how long will that last before the government come up with some dastardly plan for EVs to pay their fair share of fuel duty?

Given that my new EV-only tariff has just saved me over £300 this month alone in household electricity (6.7p/kWh every night for 7 hours 🎉) I am not bothered about paying my “fair share” of fuel duty at some indeterminate point in the distant future.

ThorOdinson

Why cart a fossil fuel engine around, and pay to maintain it, when you could just hand a much similar and more reliable EV.

MX5huggy

Arunmor said:

born_again said:

7,826 miles has cost me £152.09 in electric.

But for how long will that last before the government come up with some dastardly plan for EVs to pay their fair share of fuel duty?

Always a strange argument, don’t save money now because it might be expensive in the future. 

born_again

Arunmor said:

born_again said:

7,826 miles has cost me £152.09 in electric.

But for how long will that last before the government come up with some dastardly plan for EVs to pay their fair share of fuel duty?

Given this is charging at home. Unless they raise VAT then no idea how they can. As smart meter can not tell the difference.
I guess only way would be a totally separate meter. But how do they enforce? No one is going to do it for free...

Raising VAT on home use would be a election suicide.