Thinking of getting an EV
- Thread starter danlightbulb
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Man of Honour
No one pays full price for AA/RAC and if you look around outside of those two you can get breakdown cover for almost pennies a year after cashback.
Its a bit variable Ive found. Some years the cashback is good and I can get it for nearly nothing, other times its not as good and the offer I get when I call up to cancel is nearly as good.
Soldato
Here's a car for £15k, originally list at £14,950, so £12k loan once you sell your current vehicle. Doubt £3k more is worth it for something 6 months newer when the warranty is so long.
Soldato
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blimey that is a lot of very practical car for your money.
I saw that one. Consider that the MG warranty is only up to 80k miles though, and that car is already on 42k miles in a year, so its had a lot of use. If I am buying I would want lower miles so would have to go up to c.£18-19k.
Soldato
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your money, your choice for 42k miles on an EV is nothing imo (but then i would say that, my car had 42.5k on it when i bought it)
It may be, all im saying is that in 3 years I'll have reached that 80k miles level and be out of warranty with 2 years still to run on my loan. On that basis I think its worth more for lower miles so I get the MG warranty for the full 5 years of my loan period.
Soldato
I'd not buy any car that done that amount of mileage in such a short time irrespective about what's powering it...
Soldato
But the warranty on the battery and drive train is still 8 years.
What do you think about either the loan option or the salary sac option regarding impacts on mortgage renewal in mid-2027? If I stick with the same company I don't think they will look at either, but if I move, they will. I wonder if the loan will be seen as a higher liability than the sal sac? (Its also a higher monthly amount).
Associate
James and Kate (think James works for Cleevely) have raved about how reliable their m5 is and he has worked on a lot of evs and recently did a model s buyers video where he also mentioned how good the mg5 was in terms of build quality and reliability.
Soldato
James and Kate (think James works for Cleevely) have raved about how reliable their m5 is and he has worked on a lot of evs and recently did a model s buyers video where he also mentioned how good the mg5 was in terms of build quality and reliability.
Yeah I know James, he's a sound guy. Cleevely do our services as well, much cheaper than dealer, but keep the warranty, which is a bonus.
Soldato
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i am proper jealous that there is no EV garage with their reputation near to me. We do have a HEVRA garage near me and they seem decent.... its the 1st thing i looked into before buying our EVs, but at the moment they do not have anthing like the experience of cleevely so i would not expect them to be as efficient diagnosing issues with my cars.
I even looked into sodding it and taking my car there anyway despite the road trip, but they are so snowed under servicing the cars they sell themselves that i could not get booked in without a huge wait.
the good news is one would think within a few years there would be a "Cleevely" or 2 near every major town in the uk as more and more mechanics train on them.
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Associate
Where you based? I didn’t think there was one near me (Teesside) but my local Tesla fb group told me off a good one which sorted me out.
@dlockers i was just considering the loan option again some more. Obviously the loan option (£18-19k over 5 years) would include interest as well. The interest on that loan is around £3k. So the £18k car actually costs me £21k. Obviously that's built into the payments, but if considering residual value, should I be deducting the interest paid from the figures as that is dead money as per the lease as well?
Soldato
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just south east of Cambridge. I plan to take my car to the place below. they have a decent rep but i spoke with them and, for instance, they said they would happily do any work on our bmw i3 but they had not worked on one yet - which suprised me as i see a few of them knocking about near me.
they have done work on the ipace however!.
They are a general garage but are a member of HEVRA
DPF Cleaning & Assessment, Car Service, Repairs & MOT in Haverhill from Drive Green Vehicle Services - 01440 706759
Call 01440 706759 for DPF Cleaning & Assessment, Car Service, Repairs & MOT in Haverhill from Drive Green Vehicle Services
drivegreendpf.com
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Soldato
You also need to consider you can easily refinance the loan if/when interest rates drop. If you are taking a 5 year loan for £18k then you'll likely be able to save a chunk after year 2 by paying it off with a cheaper rate loan. Still think you are bonkers buying the newer more expensive car when you are so hung up on cost, you could get this one for £9k, and if it died after 2 years buy another for £9k and be in the same position. Or when it doesn't die you'll have a car that has hardly lost you anything, saved you a fortune and you'll have been able to put some money to oneside for something else.
That £15K mg5 motormiles dealer doesn't pass the sniff test half a dozen taycan's and viewing by appointment .. peculiar mix of vehicles supposedly on his stock, or selling for a friend.
hadn't realised the mg5 is only 1600Kg impressive ..however has it not had an ncap rating, but my older 3series isn't a 5.
hadn't realised the mg5 is only 1600Kg impressive ..however has it not had an ncap rating, but my older 3series isn't a 5.