Mid sized EV suggestions

radderfire said:
In the vast majority of cases, leasing a new car will be the most expensive option, whether you are an amazing investor or not. The vast majority of people are not amazing investors.
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You can get a new car on lease similar to what OP is looking for at £350 a month which already is similar to the depreciation of a £30k 18-24 month old car that OP stated they were looking at.

Then add investment return on top...

Put it in a tracker and don't try to be too smart
 
chanjy said:
You can get a new car on lease similar to what OP is looking for at £350 a month which already is similar to the depreciation of a £30k 18-24 month old car that OP stated they were looking at.

Then add investment return on top...

Put it in a tracker and don't try to be too smart
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I don't need to try to be too smart, because buying outright can always be cheaper, especially if you can keep the car a lot longer than the lease period. If necessary, just buy a cheaper used car, which will definitely be cheaper.
 
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radderfire said:
I don't need to try to be too smart, because buying outright can always be cheaper, especially if you can keep the car a lot longer than the lease period. If necessary, just buy a cheaper used car, which will definitely be cheaper.
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You're making up your own scenario now. Read the OP.
 
chanjy said:
You're making up your own scenario now. Read the OP.
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I understand what you are saying, you are saying you could lease and still have the same TCO (if buying a relatively expensive used car).

I'm saying buy a cheaper used car, and don't waste your money on lease deals. There are lots of perfectly nice used cars out there that are likely to be adequate. You could summarise it as don't waste money driving a new lease car when there are perfectly good used ones available more cheaply.
 
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Ive had my ID7 since October 2024, touch wood zero iisues in 38k miles, its comfortable, efficient and doesnt look too bad. The car is pretty long so might not fit your requirements of mid size.

I like the Enyaq aswell, I looked at the Kia and Hyundai alternatives, and the smaller boot was an issue for me, otherwise they are also great cars.
 
chanjy said:
You're completely forgetting opportunity cost here

That 30k could be put to work if it's not locked up in a depreciating asset
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Exactly this!

That e5008 I suggested as the example, if you dropped the £30k cash into a modest fixed term saver over 24 months, and withdrew the £305 against it every month, after 24 months you'd be left with £25,175, so the lease would have cost you £4,825 for 2 years, or ~£201 per month. I'd find it doubtful that you'd be able to get a decent 18-24 month old BEV of similar spec that would cost you less to run for that amount of time, obviously there are variables like mileage etc.

It's painful looking at some posts about finances though, clearly no idea of minimising risk and ownership costs. However the OP might just be better off buying a 2011 Nissan Leaf for £1,500 and dumping the rest in Bitcoin... :km:
 
Journey said:
Exactly this!

That e5008 I suggested as the example, if you dropped the £30k cash into a modest fixed term saver over 24 months, and withdrew the £305 against it every month, after 24 months you'd be left with £25,175, so the lease would have cost you £4,825 for 2 years, or ~£201 per month. I'd find it doubtful that you'd be able to get a decent 18-24 month old BEV of similar spec that would cost you less to run for that amount of time, obviously there are variables like mileage etc.

It's painful looking at some posts about finances though, clearly no idea of minimising risk and ownership costs. However the OP might just be better off buying a 2011 Nissan Leaf for £1,500 and dumping the rest in Bitcoin... :km:
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£4,825 over two years are large running costs, at the end of which you have nothing. You could easily find a reliable car that had much cheaper running costs than this, and at the end of the two years, you will still own a car and won't need a new lease.

All lease deals are just expensive ways to hire a new car.
 
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Journey said:
However the OP might just be better off buying a 2011 Nissan Leaf for £1,500 and dumping the rest in Bitcoin... :km:
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That word is doing a LOT of heavy lifting in that sentence.

The OP was asking about what car he could get with the money he wanted to spend - not replace one banger with another and throw the rest into crypto scams… :cry:
 
Hodders said:
Sorry - not interested in Tesla. I want stuff like an indicator stalk and can't stomach Elon Musk. It's a shame as there is so much that Tesla get right - charging network and charging/routing integration is just so much better than other brands.

Whilst I'm sceptical of Chinese cars - what are people's thoughts about BYD?
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The BYD Seal is a great car, I've had mine for 9 months now and not had a problem with it. It's now 12 months old at 13k miles and has a few updates that have improved the car (I've a thread where I was pondering one somewhere on this forum).

You could do what I did - buy the car ex-demo at a few months old so the initial depreciation has been swallowed by someone else. It's mad to think you can get £15k off the price of a new car if it's been dealer used for a few months.
 
probably want to see if you can get good deal/reduction on new bev, now dealers have oversupply and that's why there are sweet two year pcp deals;
(Magrathean strategy eh diddums)
I never had spam calls from car dealers BYD must have rung 3 times - and still no news of their uk 06gt gt which might also fill ops needs.
 
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