Would it be crazy to buy a new petrol or diesel car now

chaparral

chaparral

chaparral

Caporegime
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My Car is going be 3 years old this august so I was thinking of maybe buying a new petrol or diesel car

But from looking around on youtube it looks like car manufacturers are going to be flooding the market with all kinds of new electric and Hybrid cars over next few years.
And am guessing this is going to knock the value of many new petrol & diesel cars you would buy now right down
 
Best time to buy a revvy, naturally aspirated petrol engine before they are gone. Because values will only go up once they are :p
 
Electric cars got some time to catch up in terms of technology, infrastructure as well as model range. Probably give it another 4-5 years then the EVs will be the mass market choices.
 
I think you should be safe if you're going to change it after 3 years again. The vast majority of sales aren't hybrid or electric yet and the infrastructure isn't in place for a full switch to electric. Diesel may get a pounding for city driving and potentially fuel costs but depending on mileage and location still worth looking at. Give it 10 years and you may be silly though.
 
Playing devils advocate, another way of looking at it is - would it be crazy to buy a current EV?

As it stands we don't have a definitive charger standard and there currently seems to be the next big leap in charging technology on the horizon. Within a few years we should know if these mega charge rate, super energy dense batteries are likely to materialise. If they do then will they come with yet another charger standard? Will your 80kW charge rate suddenly seem old hat trashing the value of the vehicle?
 
lordrobs said:
Playing devils advocate, another way of looking at it is - would it be crazy to buy a current EV?

As it stands we don't have a definitive charger standard and there currently seems to be the next big leap in charging technology on the horizon. Within a few years we should know if these mega charge rate, super energy dense batteries are likely to materialise. If they do then will they come with yet another charger standard? Will your 80kW charge rate suddenly seem old hat trashing the value of the vehicle?
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Ive heard Windows is teaming up with ASUS to make EV's So when you crash with a blue screen they will laugh there socks off when you take it back sorry no RMA's here! there's a speck of dust on the roof!
 
lordrobs said:
Playing devils advocate, another way of looking at it is - would it be crazy to buy a current EV?
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This. But not for the reasons stated above, being realistic any battery tech will be incremental. There are no big leaps on the horizon that are actually able to be mas produced. If the car can charge at 100kw it isn't suddenly going to become obsolete overnight.

The main problem with the current EV's that you can actually buy currently is that they are all about to be replaced or not available to buy. If you were in the states I would just say go-ahead and buy a Model 3, its a pretty safe bet. But in the EU its a different story currently, the new gen EV's like the Kona are sold out for a year and the older EV's are all due to be replaced/refreshed in the next 12 months including the Model S and X. That said Model 3 is due to launch in the UK within the next 1-3 months.

Between now and 2022 there is about 30 new models about to launch which is going to make some waves in the ICE market for sure, that's assuming they actually build more than 5 of them like they are doing now. Used EV's have incredibly strong residuals currently but I don't expect that to continue once more new cars start hitting the market.

If you were leasing/PCP a brand new car, I wouldn't worry about it as its not your problem what the market is doing in 3 years and you can just hand it back. If you were buying with the intention of selling it on in a few years I would think twice but it would depend on the type of car I was buying. Something like a MX-5 will be fine but something run of the mill like a diesel hatchback may be hard to get rid of later down the line.

If you are already in the second hand market I wouldn't worry for now, EV's are not going to go below a certain floor price for a long time due to how valuable the battery pack is. Any ICE car would have already taken the big depreciation hit already.
 
Or an old V8/V12s, look how much their prices have rocketed recently. I remember when you couldn't give Jag XJS v12s away lol.

Pretty much all of the "current" sporty petrol cars are predicted to rise, even RX-8s.
 
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shadow_boxer said:
My thinking too. Probably as good time as ever to consider one. Should be relatively depreciation friendly if you can afford to run one.
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Lotus Elise is a good bet. The old ones are going up in value and they have some of the best depreciation of any car.
 
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Nasher said:
Best time to buy a revvy, naturally aspirated petrol engine before they are gone. Because values will only go up once they are :p
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I still can't believe that valuation sites think my nine year old Focus with almost 100k on it is worth £6,600. Amazing what happens when just about all the new hot hatches are four pot!
 
Tute said:
I still can't believe that valuation sites think my nine year old Focus with almost 100k on it is worth £6,600. Amazing what happens when just about all the new hot hatches are four pot!
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The 2007 Focus ST-2 I sold about 5 years ago is now worth more than the 2013 Fiesta ST I had after it :p
 
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