Great pre reg and used EV deals

[Bam Bam]

Fiat 600e in Wales for under £18k

https://www.autotrader.co.uk/car-details/202507314992557

 

[Bam Bam]

Inster with smaller battery for £18,250

https://www.autotrader.co.uk/car-details/202504101186673

A long-range brand new Inster for under £19k

https://www.autotrader.co.uk/car-details/202511177943643

 

[Bam Bam]

Andy has stolen our idea (which we might have stolen from him)

 

[LenEV2016]

Andy has stolen our idea (which we might have stolen from him)

Never heard of Andy so it is ours

 

[tsedge]

From EVM:

 

[tsedge]

Note this comparison @LenEV2016:

• Cupra Born: £9,300 off from £35,600 to £26,300.
• MGS5 LR: £8,300 off from £31,200 to £22,900.

So even when Cupra discount heavily, MG is starting from a significantly lower price and still offers lower prices. Getting an MGS5 for that little is amazing. The Born is a very good car though.

Rather humblingly he says early on: "Who ever pays list price?". Well, I did on my MG4! But it was a different time then!

Edit: I should add that we did look at a Born when we were buying but at that time it was list prices only for everyone and it was just too much more expensive for the model we wanted (I recall £37,500 vs. £31,500 for the MG4 LR Trophy).

 

[tsedge]

Ah... missed this thread (so many these days!). I posted the EVM video in a separate thread also talking about deals. But I agree this thread is better.

 

[Bam Bam]

I think our deals are much better because many are pre-reg'd rather than new.

 

[tsedge]

Any moderator that reads this: I had missed the separate "deals" thread, please merge in my posts into that thread and delete this one. Thanks.

 

[MG Clive]

Any moderator that reads this: I had missed the separate "deals" thread, please merge in my posts into that thread and delete this one. Thanks.

Gotcha mate.

 

[LenEV2016]

£16k off over 400 miles range, 100 miles on clock.

 

[Anon70]

One of the problems with all this discounting is that some folk and probably those using company leasing options will be paying the RRP prices whilst others are purchasing with up to £20k off list. That is really going to mess with used values. If you were going to trade in a car 6 months after purchase I suspect a dealer would be offering the lowest (£20k off price less the 20% VAT).

 

[LenEV2016]

One of the problems with all this discounting is that some folk and probably those using company leasing options will be paying the RRP prices whilst others are purchasing with up to £20k off list. That is really going to mess with used values. If you were going to trade in a car 6 months after purchase I suspect a dealer would be offering the lowest (£20k off price less the 20% VAT).

Ship has well and truly sailed now, everyone who paid full list (and there are a good few on here) for a car are all in the same boat.
I think the days of coming out a PCP deal on a brand new EV in positive equity (bought without a large discount) are a thing of the past.

The only positive is that people can walk away at the end of the deal and let the finance company take the hit for the negative equity.
It doesn't make any sense to consider keeping a car, that is in considerable neg equity at the end of the PCP deal unless you can convince the finance company to do a deal at fair market value.

 

[LenEV2016]

I just posted this in the IM5 sub forum

2 month max old car with 2500 miles, now selling for £11k below list.
Selling it at that price means a trade in of about £3-4k less so best case a garage is now offering you £31k for the car you just bought for £45k (£14k hit)

I know depreciation slows down but you will never get back into positive equity with that car unless you put a huge deposit down, even then you would lose most of it

 

[LenEV2016]

 

[LenEV2016]

 

[Ian Key]

Oops! I seem to have accidentally clicked on a link to Autotrader

 

[LenEV2016]

Oops! I seem to have accidentally clicked on a link to Autotrader

Oops I seem to have accidentally clicked on the joke thread! Oh wait a minute

 

[Roldorf]

I know depreciation slows down but you will never get back into positive equity with that car unless you put a huge deposit down

Anyone buying a car and expecting anywhere near positive equity needs their head examined.

 

[tsedge]

Except for classics and rare supercars, which can be investments. But that's probably outside the reach of anyone on this forum!