Great pre reg and used EV deals

[LenEV2016]

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

I have had a couple of cars over the years that I bought on PCP with a modest deposit and still been in positive equity at the end of the deal.
I wasn't with my first EV but do however look like I may be with my Born (as I got a big discount when I bought it)

PCPs for EVs (unless you get a 0% Apr and a big discount deal) are turning into a more expensive form of leasing. The outcome at the end of the deal is the same, people are handing their cars back.

 

[Bam Bam]

People use PCP or lease because they want a newer car than they can afford to buy with cash. I suppose it also takes away some of risk of depreciation but then the depreciation costs are built into the monthly amount so you are still paying what they assume the depreciation will be.

Up to the consumer at the end of the day.

Is the list price realistic?

The list price seems to be applied more stringently for cars that are new designs and desirable like the Renault 5. These cars are in a 'honeymoon' period where people have to queue for a car and the manufacturer struggles to meet demand.

After a few years the car isn't so desirable any more and discounts get applied to shift the stock.

For Chinese cars this period seems to last only a few weeks because most people are (wrongly) wary of the quality of Chinese cars and so there is not the same pent up demand.

So why do companies keep the list price at its original level and not just reduce it gradually as the demand drops off?
1. Prestige? Don't want to look like a 'cheap' or desperate brand.
2. Financial reasons? Manufacturers know that the high RRP gets used to calculate various government subsidies and salary tax deductions and things like that, so a higher price means higher benefits/deductions. Consumers and manufacturers benefit from this higher list price, but in reality few people pay that amount after the initial 'honeymoon' period for the car.
Also, if people expect car prices to fall after a few months they might be inclined to wait around for that to happen rather than buy up front, and then the manufacturer doesn't get that 'honeymoon period' boon. I think this has happened to the Chinese brands - people expect the prices to drop quickly so it becomes a self-fulfilling prophecy.

Basically I tend to think that the official price is inflated overall.

 

[LouthMGZSEV]

Just got a new MG S5 Trophy Long Range for £23.5k. Went to look at a pre reg and it was cheaper to buy new.

 

[tsedge]

More options and the name of the podcaster should appeal to @LenEV2016.

 

[LenEV2016]

 

[LenEV2016]

 

[LenEV2016]

Bit of a bargain for nearly 350 miles range

 

[LenEV2016]

No picture but only 14 miles on the clock, big discount, big range

 

[tsedge]

MG4 keeps getting cheaper ahead of facelift:

 

[tsedge]

Oh, I apologise, this thread is for used and pre-reg deals only, I hope I haven't upset the applecart!

 

[LenEV2016]

 

[Rolfe]

When I see what I could get now for the £26,950 I paid for my MG4 SE SR - or more realistically, how much less I'd have to pay for the same car, because I actually love the car itself - I could quietly weep. But, again realistically, I've had getting on for three years of great fun from the car, which I wouldn't have had if I'd waited (I wasn't even in a position to wait, I had a write-off on my hands). And my savings account isn't in too terrible a state. So really, nothing to complain about.

I do like looking at these bargains though.

 

[Ian Key]

When I see what I could get now for the £26,950 I paid for my MG4 SE SR - or more realistically, how much less I'd have to pay for the same car, because I actually love the car itself - I could quietly weep. But, again realistically, I've had getting on for three years of great fun from the car, which I wouldn't have had if I'd waited (I wasn't even in a position to wait, I had a write-off on my hands). And my savings account isn't in too terrible a state. So really, nothing to complain about.

I do like looking at these bargains though.

My friend started to look at getting his first EV about the same time I did. He even got a Zappi fitted 2 weeks after me by the same electricians. Despite having the money he still drives an ageing Ford Mondeo estate as he's afraid of missing out on getting the next advancement in EV technology.

 

[LenEV2016]

When I see what I could get now for the £26,950 I paid for my MG4 SE SR - or more realistically, how much less I'd have to pay for the same car, because I actually love the car itself - I could quietly weep. But, again realistically, I've had getting on for three years of great fun from the car, which I wouldn't have had if I'd waited (I wasn't even in a position to wait, I had a write-off on my hands). And my savings account isn't in too terrible a state. So really, nothing to complain about.

I do like looking at these bargains though.

My friend started to look at getting his first EV about the same time I did. He even got a Zappi fitted 2 weeks after me by the same electricians. Despite having the money he still drives an ageing Ford Mondeo estate as he's afraid of missing out on getting the next advancement in EV technology.

The market has changed so much in the last 3 years, it's an absolute buyers market so many good deals to be had.

Your mate should be looking now, for the average punter you will get everything you need now.

Battery tech will advance and solid state batteries will come but will initially be at a premium I think, no point in putting it off

 

[LenEV2016]

16 miles on the clock the 4 is top spec, heat pump etc, £43k car brand new

 

[Bam Bam]

The market has changed so much in the last 3 years, it's an absolute buyers market so many good deals to be had.

Agreed.

Your mate should be looking now, for the average punter you will get everything you need now.

Agreed.

Battery tech will advance and solid state batteries will come but will initially be at a premium I think, no point in putting it off

Agreed.

Even if new batteries are cheaper and better, the 'old' battery will work whatever chemistry it is.

The charging standards are set now, which was the worry to begin with (getting stuck with AC only or Chademo).

The only issue I think is getting an old leaf or Zoe.