Electric Car Lease

DrEskimo

Herzlos said:

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.

Indeed, my 5.5yr old/60k mile EV is currently sitting at 95% battery health.

I do was perplexed about the logic of how locking yourself into a lease contract on a brand new EV is somehow a money saving exercise, but guess it depends on what you are doing now? In any case, there are plenty of much cheaper options...

WellKnownSid

Desolation_row said:

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).

I remember (back in the days when leases were particularly cut-throat) being quoted £379 a month from our local dealer and ending up getting the same car - with a slightly higher spec and higher mileage allowance - from a broker for £159 a month.

I digress.  As you won't be signing on the dotted line until September, what does (or inevitably does not happen) in April isn't of concern.  If prices go up, then so too will the 'customer incentives'.

Once the bulk of 75 reg cars have all left the stable in September, importers will be figuring out what they need to do to meet their EoY targets.

born_again

WellKnownSid said:

Once the bulk of 75 reg cars have all left the stable in September, importers will be figuring out what they need to do to meet their EoY targets.

Never mind ensuring that they hit the 28% EV sales target or have to pay the fines..

Manufacturers that fall short of the targets face fines of £15,000 for every internal combustion engine (ICE) car sold above the quota and £9,000 for every van. Fines for non-compliant vans are set to double from £9,000 to £18,000 in 2025.  

They fiddled it last year, hence so many pre reg EV, but will struggle to do the same this year.

https://www.fleetnews.co.uk/news/electric-vehicle-sales-forecast-suggests-government-target-missed-again

WellKnownSid

born_again said:

WellKnownSid said:

Once the bulk of 75 reg cars have all left the stable in September, importers will be figuring out what they need to do to meet their EoY targets.

They fiddled it last year, hence so many pre reg EV, but will struggle to do the same this year.

"They" have been fiddling it for - well, as far back as I can remember - 30+ years?

An entire industry has been built on fiddled data.  Tweaks to block exemption etc have never actually got rid of the problem.  Importers are free to sell as many cars as they like to themselves and then pat themselves on the back for a job well done...