Fuel price discussion thread (was ‘chaos’)

SPG said:
Still not worth it, even with the price of fuel as is. Been working on and with EV manufactures for longer than I remember and all the big manufactures are working on the switch to Hydrogen in the background. Great if you can afford it now and a company car option but for the real world its a passing fad, But crack on and keep paying my over inflated wages :)

Good news is things should be cheaper......
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citation needed.
 
Meatball said:
My annual mileage is 22-24k a year, most of which is spent on the motorway. I fill up weekly, so my monthly costs currently are: Fuel: £300 per month
VED: £20 (rounded up)

Maintenance has been fairly routine items so far, although I think my dmf is showing signs of wear and it’s a very expensive job. The part alone is £750 so add labour + clutch costs on top of that.
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Surely you just buy something like a Tesla Model 3 and offset the £14.4k fuel costs over 4 years against the upfront cost of the car. Obviously there are more calculations than this, but nearly £15k of fuel plus what ever costs of servicing are over 4 years has to be a good way to start looking at swapping?
 
Journey said:
Surely you just buy something like a Tesla Model 3 and offset the £14.4k fuel costs over 4 years against the upfront cost of the car. Obviously there are more calculations than this, but nearly £15k of fuel plus what ever costs of servicing are over 4 years has to be a good way to start looking at swapping?
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It’s not quite that simple though as you’ve stated. I’ll have to use savings to pay a large deposit and due to my high mileage I’ll be paying a high monthly lease/PCP. Most competitive car finance deals are for 7-10k per annum. The electricity to run the Tesla isn’t free so I’ll have to factor that monthly cost too.

The thought of having a costly finance payment for 4 years isn’t attractive too, especially I’ll be paying interest and won’t own the vehicle at the end of the agreement.

I don’t like the fact my commute is so polluting, it’s a real motive for me to change but I have to think of what I can financially afford. I also wonder whether it’s actually more ‘green’ keeping my existing car going vs putting demand on new car supply. I’ll have to change eventually, but for my current situation bangenomics makes the most sense.
 
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Meatball said:
It’s not quite that simple though as you’ve stated. I’ll have to use savings to pay a large deposit and due to my high mileage I’ll be paying a high monthly lease/PCP. Most competitive car finance deals are for 7-10k per annum. The electricity to run the Tesla isn’t free so I’ll have to factor that monthly cost too.

The thought of having a costly finance payment for 4 years isn’t attractive too, especially I’ll be paying interest and won’t own the vehicle at the end of the agreement.

I don’t like the fact my commute is so polluting, it’s a real motive for me to change but I have to think of what I can financially afford. I also wonder whether it’s actually more ‘green’ keeping my existing car going vs putting demand on new car supply. I’ll have to change eventually, but for my current situation bangenomics makes the most sense.
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I said buy, not lease or PCP, but sure you still might use HP. £300 a month a is huge chunk of the HP though, especially over say 5 years with a view to selling it a after 3 or 4 potentially. It's early, I'll come back to this later.
 
Journey said:
Surely you just buy something like a Tesla Model 3 and offset the £14.4k fuel costs over 4 years against the upfront cost of the car. Obviously there are more calculations than this, but nearly £15k of fuel plus what ever costs of servicing are over 4 years has to be a good way to start looking at swapping?
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You are also basing your theory that prices will stay this high for the next 4 years. The country will be flat out broke if that happens :P.
 
Journey said:
Surely you just buy something like a Tesla Model 3 and offset the £14.4k fuel costs over 4 years against the upfront cost of the car. Obviously there are more calculations than this, but nearly £15k of fuel plus what ever costs of servicing are over 4 years has to be a good way to start looking at swapping?
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EV's have really skewed peoples thinking when it comes to car ownership.

In 'ye olden days' I can't imagine someone saying that they do high (but not mega high) mileage being met with a response of "Surely you just drop £42k+ on a new car...". That's around 1.8 times the average annual take home salary in the UK! "Sorry kids, you're not eating dinner until 2024 because dad needs to save some money on Diesel" :p

I did have to chuckle at the "Amazing deal" for financing a Tesla Model 3 Long Range that landed in my inbox a couple of weeks ago. Mileage limit? 5k per annum :rolleyes:
 
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adam cool dude said:
You are also basing your theory that prices will stay this high for the next 4 years
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Tesla seem to be betting on prices remaining high with the price rises, so at least 2nd hand owners can benefit from the used car price rises,
will be interesting if tesla PCP residuals track that, & whether other (ICE too) car manufacturers will follow suit with RRP, multi-national supply line reliability/costs will impact them too.
 
Yeah its getting pretty special, this is OCUK though so its already the niche of the general public.

jpaul said:
Tesla seem to be betting on prices remaining high with the price rises, so at least 2nd hand owners can benefit from the used car price rises,
will be interesting if tesla PCP residuals track that, & whether other (ICE too) car manufacturers will follow suit with RRP, multi-national supply line reliability/costs will impact them too.
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Go on explain that, what exactly are Tesla 'betting on' :rolleyes:

I imagine the recent prices have more to do with Nickel than oil!
 
adam cool dude said:
You are also basing your theory that prices will stay this high for the next 4 years. The country will be flat out broke if that happens :p.
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Nope I just used the figures I was given, they said £300 per month was their fuel spend they didn't indicate if that was historical or taking into account current and very recent sudden price rises. Care to tell us how much they'll be spending on fuel for the next 3-5 years, since you seem to be able to see the future?
 
Jonnycoupe said:
Go on explain that, what exactly are Tesla 'betting on'
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if I must -
increasing prices (as you say Nickel futures seem to be plausible deniability excuse, ships to get it here/Berlin do use oil too) may give loss of sales vs ev6/p2 ...
if they are right then they make more profits versus competitors, -if- they are similarly impacted, tesla shareholders will like that, else they will loose sales volume.
premium 2nd hand ev market (from autotrader article linkeded earlier) have seen least growth, since they were banging against new prices, 2nd hand owners will see higher prices from the increase too.

Edit : hmmh I'm on the wrong feeds
https://www.mining.com/web/nickel-price-plunges-as-traders-fume-over-latest-london-metals-mayhem/
 
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That's a bonus I guess... May lower the number of idiots with their over-run exhausts and DSG boxes trying to achieve a personal best on the road outside.

Damn road's a 30mph limit but they're easily hitting 50-60+ at the top
 
DJMK4 said:
So when are these prices coming down? Didn't bbc report a drop in oil prices the other day
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There is no regulation on fuel prices - it’s up to individual retailers to make that decision based on the level of margin they want to receive.
Also, supply and demand has a factor too. If you owned a fuel station where people are still willing to queue up for fuel, would you reduce the price?!
 
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