EV general discussion

pc-guy said:
Depends. Some hotel will happily weave the parking reatrictions. But places like premier inn, you can stay for free and obviously use the charger if you are a guest. If you are not they may or may not let you stay for long. If you are nice about it or met a person at the reception that’s nice about it they will just let it run. Similar run in with travel lodge etc etc places.
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There was a BP charger I used outside a Travelodge once and I had to go in reception and put my number plate in to a computer.

I didn't have to pay but it was still a requirement otherwise I would have been charged by the ANPR cameras.
 
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Haggisman said:
Did you have to jump through any hoops to be able to buy it? My paperwork explicitly says it can't be bought by me or anyone in my family :/
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Ive used a friend (who i trust) to do that before now.

And sold two cars to the in-laws (technically family but their name doesnt match mine so lease company doesnt care)
 
Journey said:
Not that I recall, I just called them up and asked if I could buy it instead of extending the lease, they give me an e-mail address to write to and they sent a quote across a few days later, at which point I laughed and mailed them back saying they were being crazy, and they told me to counter if I was unhappy. Took about a couple of weeks to sort in total, and they also gave me a free warranty that last 6 months as a sort of guarantee. :)
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A lot of lease companies use outside agencies to do this and some are idiots, I tried to buy a lease car at work and the agency (BCA) gave me full main dealer retail price to buy. I sent them some listings from autotrader showing that they were wanting full retail and I could just go buy one of them and get a warranty with it to boot but they wouldnt shift. They were adamant that would be how much they got for the car at auction. I wished them look.

If you are dealing direct then normally thats best. I VW Golf for £8k when most at dealers were £11k-£13k and only sheds were £8k on autotrader. I bit their hand off. Even WBAC would have given me an easy £2k profit if I flipped it.
 
Haggisman said:
All this talk of not caring about depreciation on leases made me curious about mine. Just checked the value of my car and it's lost ~£10k since I got it in March. I haven't paid anywhere near that much and even the total by the end of the contract will only just cover it, never mind the next 3 years/30k miles! Looks like they're probably going to take quite a hit on it unless prices stay essentially static over that time. Definitely glad I went for the lease rather than buying!
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You assume the lease company paid list price on the car. Its not unknown for the lease company to have paid 20% off list and sometimes even 30% if the manufacturer is dumping loads of surplus cars to the market. thats when you see silly lease deals for fully loaded A8s for £400 per month instead of the £800 per month they should be.

So chances are with the £10k drop since you bought it, its still worth more than what the lease company paid.
 
lordrobs said:
Meanwhile in the real world the average full time salary is over £10k below the 40% threshold. Or is the average Joe's salary not "sensible"?
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I’m not sure if it’s worth taking the bait but here goes:

Putting aside that average wages are skewed downwards by the millions of young, part timers and the partially retired who rightly or wrongly earn very little.

Wages are lower in the U.K. compared to similar European countries (France, Germany) but our costs of living are similar. So actually yes, most people in the U.K. don’t earn decent salaries for the UKs cost of living. A decent salary puts you into the 40% bracket in the U.K. in 2024 with thanks to fiscal drag.

Your average salary goes nowhere after the costs of U.K. property (rent or buy), basic utilities, council tax, travel costs, food and clothing.

I’m sorry but that’s reality and if ‘average people’ had decent salaries (which are relative to costs of living), we wouldn’t be in a cost of living crisis…
 
its about 2½ years since I got my EQC which i've got through work on a business lease, i'm thinking i'm going to have to shortly start looking / making enquiries about its replacement as that is due to go back in June/ July, still makes sense for me to do a EV financially but not sure what to replace it with. I love the car but the range is pants, recently drove to Heathrow from Newcastle and had to charge twice on the way down and three times on the way back which was a bit of a pain, i think had i planned it myself better probably could have done it once down and twice back but just went off the navigation recommended which in fairness was pretty good as every charging station had space when I got there and was only suggesting i stayed at each for 20-30 mins which broke the journey up a bit. I'm in a ponder what to repkace it with previously was thinking about a Fisker Ocean but quite like the look of the Polestar 3 but not sure that will be out in time or available
 
VincentHanna said:
There was a BP charger I used outside a Travelodge once and I had to go in reception and put my number plate in to a computer.

I didn't have to pay but it was still a requirement otherwise I would have been charged by the ANPR cameras.
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Similar experience at the travel lodge I didn’t stay in but had to use their car park. Tho there is a 2hr limit on the one I was using.
 
forgot to mention earlier whilst I was driving down to Heathrow the EQC picked the first stop at a IONITY near Leeds, pulled up 1 spare bay, great, tried my Mercedes Me card came up with not authorised, tried my company credit card, not authorised, tried my debit card and the same, i was about to pull away and a gentleman next to me in a MG (I think) asked if I was having problems. Explained what was happening and he swiped his Octopus card and it started to charge straight away, he didnt even ask for any money but I insisted on giving him something, shows there are still some good people out there :) Obviously I gave him some money regardless but I was taken back a bit by his genuine kindness
 
Greebo said:
You assume the lease company paid list price on the car. Its not unknown for the lease company to have paid 20% off list and sometimes even 30% if the manufacturer is dumping loads of surplus cars to the market. thats when you see silly lease deals for fully loaded A8s for £400 per month instead of the £800 per month they should be.

So chances are with the £10k drop since you bought it, its still worth more than what the lease company paid.
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lease companies are also selling them back to manufacturer dealership so that they have a 2nd bite in the used market, so the manufacturer makes concessions on the initial pricing
if the lease is from the manufacturer then for sure the initial deal is sweetened because of the 2nd hand market opportunity.

even the gross lease prices, I suspect, are configured/hiked considering that a majority 2/3ds of ev customers will be fleet buyers,
so the tax saving itself is notional,and the net lease price closer to what it costs the lease company - the lease company will, after all, be paying tax on its income.

e: record lease profits
www.fleetnews.co.uk

Profits for Europe’s largest leasing companies increase by 59%

New T&E report looks at the profits of Europe's seven largest leasing companies.
www.fleetnews.co.uk www.fleetnews.co.uk
 
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Jonnycoupe said:
Errm yes captain obvious. We all know there’s a 40% tax band. Its the ones saying 1000 gross turns to 400 net that’s perplexing
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Mr "I dont read past the last post" - minsta was replying to the post regarding how NHS SS can yield significant savings beyond the 40% tax saving.

I was replying on minsta's post that even with his own figure it is not wildly beyond the 40%.

We all know it is 40% or 45% tax saving, the bits beyond that is the interesting bits.
 
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jpaul said:
lease companies are also selling them back to manufacturer dealership so that they have a 2nd bite in the used market, so the manufacturer makes concessions on the initial pricing
if the lease is from the manufacturer then for sure the initial deal is sweetened because of the 2nd hand market opportunity.

even the gross lease prices, I suspect, are configured/hiked considering that a majority 2/3ds of ev customers will be fleet buyers,
so the tax saving itself is notional,and the net lease price closer to what it costs the lease company - the lease company will, after all, be paying tax on its income.
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this is probably the true mechanics. the gross lease is inflated with profit margin and OEM concesion all creamed off the top.

but still doesnt explain why NHS SS is yield close to 60% off the gross tho. if you are on 45% tax bracket, it is still 15% off from where? NI 2%, pension contribution can be anything upto whatever, anything beyond a single digit employee contribution is a voluntary SS anyway, and offseting SS against SS makes no sense. so pension offset against EV SS shouldnt be considered. unless there is some NHS special discount on these cars or somehow NHS workers
 
Seems getting a car is a way to save putting money in your pension. Great idea not.

Of course there is the personal allowance erosion where a SS car is only 38% of the gross if you are in that effective 60% tax.
 
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