According to you tube I should be looking at around 50% of the new price for a car that's around 2 years old. There should be a bunch of cars I'm looking at around the £20k mark but I'm not seeing them.
Thinking of getting an EV
- Thread starter danlightbulb
- Start date
mainly VW 2nd hand stock like ID4/enyaq circa £20K if id3 is too small, and you want something where insurance, maintenance national availibility & cost reasonable.
Cambridge is an oasis for 2nd hand polestars £20k , nice looking, local $$$ service centres, but feels like a risky investment, that would offset the ev fuel cost.
Cambridge is an oasis for 2nd hand polestars £20k , nice looking, local $$$ service centres, but feels like a risky investment, that would offset the ev fuel cost.
They are probably talking about trade in value not retail. Also YouTube = paid for clicks, anti EV sentiment = clicks
You’d be lucky to get something under 3 years old for 50% of new value at retail.
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Soldato
Plenty are. Why would he be lucky?
I just had a wander round a car supermarket and a Hyundai dealer near me.
At the Hyundai dealer I saw the Ioniq 5 and the new Kona. The new Kona is a really good size, the boot is around the same size as the Ioniq but its a bit smaller in the back seats.
At the car supermarket I saw the MG5, looks pretty decent actually. This was the older model and I think the facelift model is nicer.
I also saw the Mokka (too small), the Skoda Enyac which is a really nice size car, not too big in the body but with a really good boot, the Kia Niro which looks decent, and the Audi e-tron.
Ive seen youtubers talk about the Audi e-tron. A £70k car now going for low £20k's. Its a really big car though, looks very nice inside but the range/efficiency won't be great.
The Hyundai dealer thinks hydrogen fuel will take over EVs within 2-3 years.
Ps I also saw the new Ioniq 5 N, it looks incredible. Way out of my price range of course.
At the Hyundai dealer I saw the Ioniq 5 and the new Kona. The new Kona is a really good size, the boot is around the same size as the Ioniq but its a bit smaller in the back seats.
At the car supermarket I saw the MG5, looks pretty decent actually. This was the older model and I think the facelift model is nicer.
I also saw the Mokka (too small), the Skoda Enyac which is a really nice size car, not too big in the body but with a really good boot, the Kia Niro which looks decent, and the Audi e-tron.
Ive seen youtubers talk about the Audi e-tron. A £70k car now going for low £20k's. Its a really big car though, looks very nice inside but the range/efficiency won't be great.
The Hyundai dealer thinks hydrogen fuel will take over EVs within 2-3 years.
Ps I also saw the new Ioniq 5 N, it looks incredible. Way out of my price range of course.
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Associate
hah good one
put it this way, sure, I'm not stopping them etc.Yeah I was going to ask how big a car do you need. Maybe the Ioniq 5 or Kona would be good as they are bigger cars, the new Kona hasn't been out all that long whereas the Ioniq 5 has. Second hand prices start around £21k for 21/22 plate, that's actually pretty good. Might be worth tracking the current depreciation as the longer you wait the more you save..! I can recommend Hyundai and the Ioniq 5, plenty of positive reviews for that one.
No no no 
This is all falling apart now. I would need £25k to get a used Ioniq (that's decent, low miles). Then would have to meet insurance etc all myself.
The car on lease is going to cost me an additional £200 per month over what my current car costs me, and that's including the fuel savings and monthly repair allowance, and includes cutting my pension contributions by 3%.
The only car that I can really afford to have on the lease is the MG5, and that's the only car I can afford to buy used as well.
This is just so crap. Try and reduce my cost of motoring and/or risk of running an older car and its just impossible.
This is all falling apart now. I would need £25k to get a used Ioniq (that's decent, low miles). Then would have to meet insurance etc all myself.
The car on lease is going to cost me an additional £200 per month over what my current car costs me, and that's including the fuel savings and monthly repair allowance, and includes cutting my pension contributions by 3%.
The only car that I can really afford to have on the lease is the MG5, and that's the only car I can afford to buy used as well.
This is just so crap. Try and reduce my cost of motoring and/or risk of running an older car and its just impossible.
Soldato
You were thinking about the MG5 at first, so probably best just to think about that one and not try to stretch to something else if you don't actually need it.
Head over heart with this one would make sense to me.
Head over heart with this one would make sense to me.
I was looking at a 2nd hand tesla for a while... well at least until I ran an insurance quote. £1100 a year??? Guess I am going to be keeping my 16 year old car a while longer! If they want more people to move over to electric, they need to offer support to make it worthwhile.
I know but when you start looking at other cars, and looking at the numbers, it makes you doubt what you need. The MG5 is on the slower side of all the better cars, is that going to be sufficient?
A £20k loan to buy one outright might be the right choice in terms of financial value as the car is mine, but its a hell of a big loan and Im then still liable for all the maintenance, insurance etc.
The gross cost for the MG5 on the salary sacrifice scheme is £587 per month. If I knock off £70 for insurance, say £20 allowance for servicing (generous as it won't need anything for 2 years at least), £10 for breakdown cover, and say £10 allowance for tyres (its only on 17" wheels) then that comes to around £477 for the car itself. Leaseloco says £400 should be the lease cost for that car over 48 months no deposit so my scheme is a bit overpriced. On a net basis (after the tax savings, BIK etc) this car will cost me £455 a month and I wouldn't need to reduce my pension contribution to afford that.
If I have the £20k loan to buy say this one: https://www.autotrader.co.uk/car-de...ake=MG&model=MG5&sort=distance&year-from=2021
Which is almost brand new (only 1800 miles on it) then that will cost me £390 over 5 years plus then the insurance, servicing allowance etc is coming to around £520 per month. I would own the car maybe worth £6-8k after another 5 years but I have higher cost upfront and still carry the repair risks.
Soldato
Its insurance group 50. what do you expect?
They can be as fast as anything on the road and I imagine some people have found that out to their detriment, as such the insurance is priced accordingly.
You need to be careful with the etron, there are two battery versions, the range on the small battery is quite poor.
The bigger battery version is better but more expensive. Is also charges pretty fast for its vintage should you be going on a long trip.
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Ive just been to an mg garage and seen the MG5.
It is very nice and I can see the value for money. However there are some issues.
First is the boot space is decent but the back seats don't go any flatter than about 30 degrees when pushed down. That's really killing the space for long items.
Second is the wheels and wheel arch gap, it's huge. Doesn't look good compared to the rest of the car which looks nice.
Edit I also saw the Peugeot 308 SW. Nice looking estate car, good space, great cabin, flat load space. Problem is it's slow for an EV at nearly 10 seconds to 60.
It is very nice and I can see the value for money. However there are some issues.
First is the boot space is decent but the back seats don't go any flatter than about 30 degrees when pushed down. That's really killing the space for long items.
Second is the wheels and wheel arch gap, it's huge. Doesn't look good compared to the rest of the car which looks nice.
Edit I also saw the Peugeot 308 SW. Nice looking estate car, good space, great cabin, flat load space. Problem is it's slow for an EV at nearly 10 seconds to 60.
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It isn't impossible at all, you've just taken a very polarised approach. Run a 19 year old BMW 325i or get a nearly new EV.
There are countless used cars that sit between these options that will be more reliable, cost less to run and not cost you £20k to change into.
Yep - can imagine if I get my way with the E43 I am going to outraged at upgrade costs lol. Keep something long enough and it cost peanuts!
Are there? The used market is awful. And any car that isn't an EV I don't get the fuel savings on.
Could you suggest something?
Soldato
Looks like the boot in the new Kona is about the same size as the old eNiro - have you seen one of them in person yet? Definitely worth a look if not.
It does have the same problem as the MG5 with no flat folding seats though
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You'll get fuel savings on anything that costs less than 19ppm in fuel (your figures). As for the reliability risk you seem worried about, anything less premium and newer will mitigate that to a greater or lesser extent.
There is no point in me suggesting anything because if the criteria is saving on running costs and not costing £20k there are literally tens of thousands of cars on auto trader at various price points.
I may be wrong but I thought the rear seat base simply pulled out to give a flat load bay in the Kona when the back seats were folded.Looks like the boot in the new Kona is about the same size as the old eNiro - have you seen one of them in person yet? Definitely worth a look if not.
It does have the same problem as the MG5 with no flat folding seats though