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.
 
radderfire said:
There are plenty of used EVs on the market in good condition, and the TCO for them will in most cases be a lot lower than a lease.
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that is the age old argument of new Vs 2nd hand though. some people just want to know they are the only person to ever own that car (maybe they just like the new car smell ;) )

IF you really want a new car then a lot of the time a lease can work out cheaper than buying... but of course buying a car which has already done 3 years of depreciation (and the VAT / a lot of any lux car tax) is likely to be cheaper than buying or leasing new.
would someone prefer to own a 4 year old Audi ETron GT / Porsche Taycan or a brand new ID3.

similar price, very different cars (there is no right answer it's personal preference)

(or a brand new car for 50-60% more than an older version of the same car 3 years old)
 
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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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2nd hand Model Y mate. The non juniper ones have an indicator stalk, and the value you get out of them is insane. You can go half your budget for a decent one. And who cares about Elon? Your buying a 2nd hand one has absolutely zero impact on him :D
 
Love this place - the way threads wander around :)

I've only ever had three brand new car (company car and two Caterham Sevens I built myself), I see no reason to buy new when you can get one about 2 years old and someone else has paid the depreciation (as said above).

Just to complete my options - are there any leasing companies that lease 2 year old cars being returned after their first lease? Has anyone used one?
 
Hodders said:
I've only ever had three brand new car (company car and two Caterham Sevens I built myself), I see no reason to buy new when you can get one about 2 years old and someone else has paid the depreciation (as said above).
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A great many of the new lease deals will put you on par or ahead of the depreciation cost if you are only looking at 18 month old vehicles, especially if you are factoring in the opportunity cost of the capital (which I'd imagine you would be).

There are some exceptions with the more premium marques, and can be had on stonking deals used at 6-12 months old, but they suffered from overly optimistic MSRPs in the first place using the salary sacrifice/low BIK appeal to sell, and they are probably still above your price bracket or type of car you are after. A not so high-end example is the EQB 250+ Urban Edition, P11D list price is £55k, and a used approved car that is registered in Sept '25 is £35k with a few thousand miles on at most, if you look at the 12 month old ones they are still a similar cost of £35k, and 18 month old (different spec package) £29k.

If you look at the Ioniq 5 (in your list, nice car) a 24/74-plate Ultimate with 5-15k miles on it is £30-33k, and a 23/73-plate is £20-23k - there was a facelift in the middle which will impact that specific model, but that's a £10k loss in a year which is 50% more than that brand new e5008 lease I linked which is 24 months motoring for £7.35k (or less if opportunity cost accounted for)

As @tamzzy said you need to look at older used BEV's to get the best value. The only reason I mentioned getting something new leased is it is your first BEV, and there are a load of models that are new now and in the last 6 months that will come to market just at the end of your 2 year lease which may offer significant larger choice and you may even end up spending less overall.

Hodders said:
Just to complete my options - are there any leasing companies that lease 2 year old cars being returned after their first lease? Has anyone used one?
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There are, but you'll pay the same or more than a new one. https://www.nationwidevehiclecontracts.co.uk/car-leasing/used
 
tamzzy said:
I also did suggest getting the swasticar, but it's not to OP's liking I'm afraid.
So I'm guessing my 3-3.5 year old BEV advice would be rebuffed as well.
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I agree, it's not rational that I have such a resistance to Tesla (cos Musk), yet consider Chinese cars (human rights, we've heard of them).

I'm sure there are cheaper options then buying an 18 month old car for cash. I'm certainly keen to look at them. Maybe an older car (4 years perhaps) with a decent after market warranty is a better option.

There have been some really useful posts here. Thanks all.
 
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