Are we being forced to go electric?

[icowden]

You've been robbed or you drive with no regards to mechanical parts, not sure how you can say you spent a lot of money on maintenance yet all those things are wrong with it,

Easy, I pay for the car to be serviced. The brake pads have been done several times, I have to pay for an annual MOT, for minor fixes, oil changes etc. Renault use cheap plastic and their upholstery isn't exactly long lasting. It's not a top of the range car.

That's besides the point though. Your point was that I now have an asset. My point is that it isn't much of an asset and I'd rather be renting a car and having a new one every few years. Both my father in law and brother in law have replaced their cars twice in the period that I have owned mine. They now have hybrid petrol cars whilst mine guzzles diesel. Buying it was a poor choice in retrospect. PHP or lease would have been much better.

 

[Chislenko]

So my conclusions so far in this debate.

Those with an EV can't see the viewpoint of those without.

Those with an EV think we all live within easy commuting distance of our place of work.

Those with an EV have not considered that some people do not have off street parking and the ability to charge from home.

Those with an EV have not considered that some people may live on the tenth floor of a block of flats with the same problem as those in the last category.

Those with an EV (as an example was quoted earlier) think £56,500 is the price of a mass market car.

And to me this is the point that is being missed.

As @ClicheGuevara and others keep trying to point out at this point in time an EV is not for the poor, in pretty much the same way when cars were first made. Those able to afford them could and eventually as they became more affordable they came within the reach of the less well off.

However, this did not happen overnight.

 

[cougie uk]

Solar panels manufactured in China, India and Vietnam using Brown coal for power production. Just what is the carbon footprint of a single off shore wind turbine ???
Answers on a postcard please. ( post card must be manufactured from recycled products using power from hamsters in wheels and assembled by Rotherham Taxi Drivers ....).

Do you think all the petrol comes from deep wells at each BP station ?

 

[SpokeyDokey]

Yep. I spent 12 years renting accommodation before I could afford a house. Now that I have a house I have to spend a lot of time and money on maintenance. The plus side is that I am now putting money into an asset. The negative side is that I have to spend a lot of time looking after that asset.

I bought my car from new 10 years ago. I have spent a lot of money on maintenance, insurance, MOTs, services etc. I spent £6000 as a down payment and then spent 5 years paying for the remaining balance monthly and invested more than the £15,000 that the car cost due to interest etc. I now own the car. It is worth around £3,000. The upholstery is splitting, many of the plastic fittings have broken, it squeaks like nobodies business and can't handle speed bumps very well. It still works.

My new car is leased (via my company) I no longer have to spend money on maintenance, insurance, MOTs, Services etc. So yes, I won't have an asset, but I can change that car in 4 years for a different new car. I just have to pay the lease costs.

A main residence generating costs is technically a liability not an asset.

 

[Milzy]

I can't see how this can be true, I paid £6,500 for our car 8 years ago, it's still worth £2,000 so over the 8 years it's cost me £4,000 if I'd leased at £400 per month, £4,800 a year, total cost £38,400 with no asset.

Yeah but it was a cheap car to start with. We can
lease 50 grand plus cars on our rubbish wages for a decent price with insurance & repairs all in.
We could have a Polestar for £270 p/m and change it for a brand new car every 3 years. Our insurance alone would be that.
It all depends on what you want.

 

[vickster]

Yeah but it was a cheap car to start with. We can
lease 50 grand plus cars on our rubbish wages for a decent price with insurance & repairs all in.
We could have a Polestar for £270 p/m and change it for a brand new car every 3 years. Our insurance alone would be that.
It all depends on what you want.

You pay £270 a month for insurance…how bad is your driving history?!

 

[midlife]

Yeah but it was a cheap car to start with. We can
lease 50 grand plus cars on our rubbish wages for a decent price with insurance & repairs all in.
We could have a Polestar for £270 p/m and change it for a brand new car every 3 years. Our insurance alone would be that.
It all depends on what you want.

That's cheap to lease a Polestar?

https://www.selectcarleasing.co.uk/car-leasing/polestar/2/hatchback

 

[vickster]

That's cheap to lease a Polestar?

https://www.selectcarleasing.co.uk/car-leasing/polestar/2/hatchback

Some sort of preferential rate through an employer?
(which clearly not everyone can access, just like a company car…)

 

[Alex321]

This is what you said

A well priced PCP is often not too far off the depreciation over the 3 years of the lease, especial if you tried to sell it privately

To sell the car privately you have to own it and pay the final payment (so you have legal title over it). Not sure you would recoup the total cost on selling it?

What he was saying is that if you pay the deposit plus 3 years of PCP payments then hand the car back, the total cost to you isn't that far different from the total cost to you if you bought the car brand new then sold it after three years. The loss due to depreciation isn't much less than the cost of the PCP.

Of course, most of us wouldn't consider buying a car new, but that is a different point.

 

[Deleted member 26715]

You pay £270 a month for insurance…how bad is your driving history?!

That's cheap to lease a Polestar?

https://www.selectcarleasing.co.uk/car-leasing/polestar/2/hatchback

Think the tongue was in the cheek

 

[midlife]

What he was saying is that if you pay the deposit plus 3 years of PCP payments then hand the car back, the total cost to you isn't that far different from the total cost to you if you bought the car brand new then sold it after three years. The loss due to depreciation isn't much less than the cost of the PCP.

Of course, most of us wouldn't consider buying a car new, but that is a different point.

Yep, I get that now. It's just that it was one sentence and the selling part pertains to the sentence content which is the PCP car. Should have typed something like you did above

 

[Alex321]

I can't see how this can be true, I paid £6,500 for our car 8 years ago, it's still worth £2,000 so over the 8 years it's cost me £4,000 if I'd leased at £400 per month, £4,800 a year, total cost £38,400 with no asset.

Apples and oranges.

Most of us (obviously including you) wouldn't buy new. Milkfloat clearly would, if he weren't leasing.

Cost comparisons between purchasing and PCP are only valid for buying new, because AFAIK, you cannot get a 2nd hand vehicle on PCP. And one which is leased at £400/month is one which would have cost north of £35,000 to buy.

 

[Milzy]

You pay £270 a month for insurance…how bad is your driving history?!

So pedantic obviously it’s for the year.

 

[Milzy]

That's cheap to lease a Polestar?

https://www.selectcarleasing.co.uk/car-leasing/polestar/2/hatchback

That’s a rip off you may as well buy one if you don’t have company or NHS lease.

 

[midlife]

Apples and oranges.

Most of us (obviously including you) wouldn't buy new. Milkfloat clearly would, if he weren't leasing.

Cost comparisons between purchasing and PCP are only valid for buying new, because AFAIK, you cannot get a 2nd hand vehicle on PCP. And one which is leased at £400/month is one which would have cost north of £35,000 to buy.

Our Mini dealer I'm sure does PCP on their used cars. Was looking at an electric mini and sure I came across some used ICE car PCP.