Electric Car Lease

Desolation_row

Hi all, 
I was looking to lease an electric vehicle September time as my partner is going on maternity in March and we wanted to save money until then. Dealerships are saying prices are expected to go up in April due to tax changes. Is this correct and how significant will these rises by?

Keep_pedalling

If the list price is over £40k luxury car tax is due to come into force, but your lease costs should cover that.

born_again

Car prices can go up at any time depending on when Manufactures wants to raise them.
Sounds like dealer speak for we need to sell more cars this month....

facade

There is the luxury car tax starting with April registrations if the list price is above £40K and the £195 VED to pay (the VED should be factored into current prices though), these will be passed on through higher lease prices.

WellKnownSid

Prices are going up on Monday!
Prices are going up on Monday!

Cit6

Best advice? dont belive a word the dealer says

WellKnownSid

I don't know how lease pricing works these days but... I would still expect a broker to be keener on price than a dealer, especially if you arrange to lease a stock car around (say) November / December instead of September when there are hard targets to meet.

Desolation_row

Yes he wasn't benefiting from the deal. I told him the price a broker offered and he said take it from them now as prices are going up in April (said they couldn't match the broker).

Arunmor

Have you looked at the price of pre-reg or nearly new?  EV prices are in a state of flux with second hand values sinking like a stone currently be careful you aren't being taken for a ride either way.

Hoenir

Cit6 said:

Best advice? dont belive a word the dealer says

Luxury car tax is totally predictable and a cost that has to be recovered as well as financed. 

Herzlos

Desolation_row said:

Hi all, 
I was looking to lease an electric vehicle September time as my partner is going on maternity in March and we wanted to save money until then. Dealerships are saying prices are expected to go up in April due to tax changes. Is this correct and how significant will these rises by?

If you want to save money with maternity coming up, you might want to either hold off on a new car entirely or look at an EV that's a few years old. Everyone seems convinced that older EV's are scrap due to battery degradation but the reality is that it's not really an issue after the early generations.

In either case, the tax change isn't going to make much difference to the total price.