Electric vehicle depreciation
- Thread starter Pickers
- Start date
Also not sure what is so abnormal about this its 2024 now....
high milage 3 year old car lost 44%
low milage 3 year cold car lost 37%
2 year old car lost 35% (low spec?)
1 year old car lost 15%
Those 3 year old models look like they have normal depreciation, if anything the 1 year old car looks a bit expensive - assuming they did all cost roughly 45k new as you state.
Last edited:
Soldato
I didn't claim any abnormalities or anything, just gave the numbers I saw.
I guess the one thing that I do always consider is that my own car (not EV) was £38k brand new and its now 6.5years old and is worth around £26k-£27k now. But my car is totally not an EV car.
Then your car is not normal, or you are using severely discounted price vs the EV6 non discount prices.
I smell BS to be brutally honest.
Soldato
Kia EV6 brand new £45k = click me for link
Used on auto-trader
£25k - 2021 model with 44k miles = click me for link
£28k - 2021 model with 7.5k miles click me for link
£29k - 2022 model with 11k miles click me for link
£38k - 2023 model with 8k miles = click me for link
Soldato
370z Nimso for sale = click me for link
17 plate
20k miles.
Mine is a 67 plate, so newer and only 16.7k miles so lower also.
I paid £38k for my car when I bought in September 17. There is no "new" price for my car now, because it's no longer produced. Everythinig I wrote is factually correct here. I have now given links and proven that there is no BS here, I have provided all links for the 370z and the EV6.
Last edited:
Soldato
As a side topic There’s a 2019 370z with 1470 miles for 31.5k. How on earth does anyone do so few miles!
2018 Nissan 370Z Nismo ð¥12000 milesð¥ Sat Nav, Bose Audio, Recaro's, Camera | eBay
Find many great new & used options and get the best deals for 2018 Nissan 370Z Nismo ð¥12000 milesð¥ Sat Nav, Bose Audio, Recaro's, Camera at the best online prices at eBay! Free delivery for many products.
www.ebay.co.uk
Last edited:
Soldato
Get a Ford Ranger these cars only exist for the tax benefits lol
/slightly off the cuff jokey remark, but has some truths, they are classed as a light goods vehicle, same as a small van, so the tax you pay on it as an employee is about half that of a standard company car. (No idea how it works as self-employed though)
Last edited:
Soldato
This car was made just prior to COVID and lockdown, so maybe for 2 years+ the car wasn't used, and maybe it was even just bought as a weekend hobby car. Plenty of reasons, maybe even purchased as a long term investment car (not to drive), but the guy is now selling as his circumstances may have changed and he needs to sell up?As a side topic There’s a 2019 370z with 1470 miles for 31.5k. How on earth does anyone do so few miles!
2018 Nissan 370Z Nismo ð¥12000 milesð¥ Sat Nav, Bose Audio, Recaro's, Camera | eBay
Find many great new & used options and get the best deals for 2018 Nissan 370Z Nismo ð¥12000 milesð¥ Sat Nav, Bose Audio, Recaro's, Camera at the best online prices at eBay! Free delivery for many products.www.ebay.co.uk
Look at 20 year old performance jap cars, some are worth 3x-5x the original buy price when new.
Last edited:
Dealers are listing new EV6's from £42k down from a list price of £45k. However, back in 2021, the car launched at a list price of £41k for a RWD air model.
The GT-Line at the end is a 2023 and you'd have got discount off the £50k RRP, dealers are listing them for £45k today.
So what @ICDP is saying is correct and actually the depreciation %'s I posted are too high for all but the 2023 model as they were based on a £45k buy price.
high milage 3 year old car lost 39%
low milage 3 year old car lost 32%
2 year old car lost 32% (assumed this was £42.5k to buy)
1 year old car lost 15%
Again, all these look formal for depreciation on a mass produced and fairly generic family car. Yes its a lot of hard cash but its an expensive car to buy, from a % terms, this is well in line with what you'd expect to see in depreciation from pre-covid times.
EdIT: these are obviously retail prices, trade in price is going to be a lot lower and is where people are getting stung very hard at the moment by dealers. The dealer might have only given that person £21-22k for that high milage one.
The GT-Line at the end is a 2023 and you'd have got discount off the £50k RRP, dealers are listing them for £45k today.
So what @ICDP is saying is correct and actually the depreciation %'s I posted are too high for all but the 2023 model as they were based on a £45k buy price.
high milage 3 year old car lost 39%
low milage 3 year old car lost 32%
2 year old car lost 32% (assumed this was £42.5k to buy)
1 year old car lost 15%
Again, all these look formal for depreciation on a mass produced and fairly generic family car. Yes its a lot of hard cash but its an expensive car to buy, from a % terms, this is well in line with what you'd expect to see in depreciation from pre-covid times.
EdIT: these are obviously retail prices, trade in price is going to be a lot lower and is where people are getting stung very hard at the moment by dealers. The dealer might have only given that person £21-22k for that high milage one.
Last edited:
Soldato
I agree with you on the % terms, most people know that a regular family car you drive off a forecourt from a dealer and you can kiss 5% off the value instantly. The OP wanted to know the figures, and thats just what I gave him, I didn't say anything other than the numbers in direct relation to his question. I have my opinion on this, but the OP has his own and it's down to his opinions and judgement of the numbers presented to decide if the depreciation is something he can or cannot live with.
Ofc I don't know what car he is looking at, my suggestion is for the OP to check the price of a new car and use autotrader or other sites listing used cars and see the difference and then he can decide upon what to do.
Last edited:
Soldato
yes I agreed. Mr spoon went to button moon but my money is on He-man finding the zords.
Not sure why you are posting angry emojis. It turns out there’s nothing wrong with my sense of smell.
It was obvious the depreciation you were quoting on your car meant it was a highly collectible out of production example. So to recap on my predictions.
1. Your car is not “normal and is in fact a highly collectible out of production sports car.
2 You did in fact use brand new dealer list prices for a high production family EV rather than any potential discount prices. Not only that you used current 2024 prices as a starting point and not the price those EV6s were released at.
Compare like for like.
Soldato
I provided the numbers available online now, I don't know what an EV6 cost was 3 years ago. I used the data available online now, buying new today.
I did already mention that my car is totally NOT an EV car - hence being a different category, I thought people would have understood what that meant.
The emoji I put was based on you calling me out, saying you smell BS. I quantified my numbers, but don't worry about it. Not worth the debate because you seem to tunnel vision.
Good evening to you, Sir.
Last edited:
Nope, not buying that at all. Instead of the cloak and dagger cryptic stuff, why compare your car depreciation to a family EV at all?
Compare like for like.
Soldato
Less than 2,500 miles per year, might as well be an ornament though. If you buy a car like that drive it, or I assume you have another car for daily use?
Soldato
Maybe to give the OP an idea of EV cars and other category of cars, so there is more context for him instead of just one trail of thought here. I'm not asking you to buy anything anyway. You do you, I will do me.
Soldato
Yes, my wife and I actually share an EV car (which is technically her car), which is used for the daily stuff like grocery shopping or local trips to the Toby Carvery etc or my daily trip to the gym. All of which are usually 1-2 mile trips.
TheMacMaster. Given the numbers he's thrown up on his channel around his finance I expect he is quite close if not already over the point at which he can do a voluntary terminationI watch a guy on Youtube who has a Porsche Taycan he bought brand new in Oct 21 for 120K
He tried to trade it in at a Porsche garage for a 911 but they refused as they already had a few Taycans in stock.
They did however give him a current value on his car £42000