Wow what a hidden gem of a channel and review. This is so much more useful for me on the used car market than the bigger channels with 1 mil views. Please do a first edition for the I-pace unless it’s true that the HSE can have all those options added on.
When I configured my I-PACE in the spring of 2018, the Dutch price list showed the S, SE and HSE but also the First edition model. The HSE and First Edition had the sporty seats which I didn't like at all. The HSE was EUR 112 K and the First edition EUR 104 K. I decided to upgrade the SE with: 20 inch wheels, air suspension, matrix LED headlights, panoramic roof, Cold climate pack and the Driver Assist pack plus some other small stuff for EUR 100 K.
The depreciation on these cars at present is scary. 3 year old cars with 20-30k miles on the clock which are £40000 less than buying new. If it wasn't for the Tesla network I'd certainly pick up a used I-Pace.
honestly..... I'm 25 next year and saving up to pay for a fast car in Jan. autotrader 0-60 in less than 5 newer than 2019 and low 'fuel' cost brings only ipaces at 25K. never thought i'd be able to afford a Jag!!
I considered a Tesla as well but once I got inside of the Ipace and took it for a spin I couldn't get myself to buy a Tesla. The Tesla network wasn't something that weighed for me. So far I am extremely happy with this car.
Great video, thank you. Just started looking at used I-Pace. Here in CA, every other car is a Tesla or BMW, this Jag is really unique. Depending on mileage, and the fact it’s an EV, I’ll take the HSE (stands for the “Holy S*** Edition”?) w much nicer wheels and all the goodies 25K over an S w/ 8K miles, but that’s me. Could you make another video comparing 2019-2022 models?
Very insightful. Only critique is perhaps magnify the parts you're talking about so it's easier for us viewers to follow along. Nevertheless, very helpful. Learned a lot.
I always buy second hand. At 3 years on auto trader, SE start at £1K more HSE adds £3K. Looking to buy one this year. Even £3K is putting me off the HSE, when S is so amazing anyway.😊
What a pile of pants! Blooming Jaguar! I was looking at possibly getting a I-Pace on finance (2nd hand) and wouldn't have minded the base spec at all! But, for the problem with it having no driver assistance! Even the base spec E-Niro 2 (UK version) has the full range of driver assistance in it - they just leave out heated seats and LED lights etc! Who leaves out safety systems even in the lower spec cars, as you say - it just shows the customer you don't care about them enough at 65 grand!? Obviously a 3 year warranty is terrible also - you might expect it in a Citroën or Dacha or something but a 65 grand luxury car? I'll take the 7 year warranty, full driver assistance of the E-Niro thanks!
Yanks are getting this car 33% cheaper than Brits. No wonder we are not buying it. Mind you, ive seen 3 year old cars with 40k mileage for 23k sterling. Sad that Jaguar didn't improve the car's range. Stuck in 2017.
As regards safety equipment, the manufacturer is a business and so on the base model (assuming a few different spec levels and " packs") they will always include the minimum required by law to the base model, but allow you to purchase a " safety pack" It makes perfect business sense. You only have to look across the pond to the usa to see how a reverse screen has been standard for years in the same car sold in the uk and Europe were its a pay option.
Totally understand the business model, but we'd still advise that they won't get the RV benefit from it. Ultimately, the consumer shouldn't have to pay extra to be safer in a vehicle, and that's what Jaguar does with the SE spec.
I went and drove the bmw i4 ix3 Volvo XC40. Not one of those cars comes near interior quality than the jag. It’s a great drivers car. Still to drive the model y . They created on of their best ever car but failed to update the motor range and charging rate which is a poor max of 100kw. Still one of the best looking cars on the road.
Do you have a general idea of how often people specify options vs just accepting what comes with the trim-level? As an example do many people actually add options like the 12 way memory seats for £2,400? of course it will vary by feature, but i wonder how many people add more than 3-5% of the vehicle spec in options.
Hi Daniel, we never got that level of detail unfortunately, we relied on reports from the manufacturers themselves. Manufacturers have taken matters into their own hands due to WLTP legislation and they now limit the amount of options you can individually select, so they either bundle high margin options into a package or have it as a completely separate trim level. Makes it easier on the consumer, and streamlines manufacturing but doesn't allow flexibility of ordering anything individual to you. It's a lot more generic.
one thing you didnt mention.. or i missed it.... does colour add anything on? I know personally certain colours as a potential customer definitely interest me more than others, so i would think the right colour would make the car more sellable, but would it make a difference when it came to trading in? thanks. (PS just ordered the HSE but only because 2nd hand it didnt add as much on as new)
Hi Mike, thanks for the question! Valuation services don't add anything for colour and neither do the dealers when you trade in, as there's too much variation for us to take into account with the different specs. As a retail buyer however, you'll generally find people will pay a slight premium for a specific colour, or combination or spec/colour, but it's a very subjective thing in the valuation world, so we don't mess with it.
when ever i sell my car the sales man always says if your car was black or red or another colour than mine i could have given you more money .........ha ha
Your analysis makes sense for assessing the residual value of any options that were added when new. The used market values different model grades as a whole. Looking at residual values for the iPace the differences between S, SE and HSE are bigger than you suggest. People tend not to want the "poverty" S spec but will pay a good premium for the HSE - partly for the name alone as you suggest. In general base models are nearly always the best value for most cars because with higher grades the added cost is less than the added price !
Thanks for your comment SierraPapa. That's correct. Manufacturers would almost always ask me the value of options before they finalized the spec to see what adds value at launch, with the best margins. Once they hit the used market, you're absolutely right, model grades are valued as a whole. That generally makes it difficult for consumers to see where the value is attributed, so I break it down to a "per option" residual value to (hopefully) help people.
Interesting, although that 'Key Features' list doesn't actually include all the differences between the trim levels. For example some of the stuff I was looking for like electric tailgate and folding mirrors also differentiate the versions.
You're absolutely correct! It's weird why they don't show key differences that people are actually interested in. Not to throw shade at the people setting up these lists, but it's usually a recent graduate who goes into product management making these, and they generally don't understand what adds appeal to the consumer like me and you. We generally need to go in and sit down with them so they understand some of the marketing aspects. Thanks for your support!
@@computerbob06 depends on the launch schedule to be honest. They'll definitely know the intricate details of the product, like spec and whatnot, but I've been on launches where they're driving them for the first time with us. They'll usually sit next to you to get some insight on driving dynamics. Depends on the manufacturer though.
Its their plan to become a supercar brand...all EV by 2024 and cheapest model will be 100k. Not sure how that will go but they obviously think there is a market for it.
@KayshaHughes Like you... Not sure how that will go. My gut feeling is the market will have moved on and forgotten them by the time they actually do anything.
@woolychewbakker5277 heard just yesterday that second hand Range Rovers and Jags he'd dropped by about 30% in the last few months. So maybe the daft priced iPace could indeed be a bargain soon.
Hold on. On a 20 reg ipace, with about 40k on the clock there is roughly £700-£1000 between an S and fully loaded HSE. Why would you not want top end for so little extra? I say this because you are deriving used value from optioned prices. Seems a funny way of valuing something.
@@jgtemperton you're safer investing your money into something that won't combust and that doesn't make third wold countries work hours of slave labour for heavy metals to help run a failed agenda.
Good question. There's a lot of factors that go into these things. The first thing we'd do is look at exact like-for-like vehicles. Colour, age, mileage, vendor, damage etc. Other factors like ownership history, was the vehicle from Enterprise rent-a-car or leased through a main dealer to an end-user. Once these details are established, we can calculate an "average" value. Additional costs, such as insurance and running expenses, may outweigh the benefits of upgrading from the S to the HSE. For instance, if the S is approximately £700-£1000 cheaper than the HSE in your case, think about how much more it would cost to insure. The S has an insurance group of 49E in the UK, while the HSE is in the highest group, 50. This could mean an extra £100 to £300 annually, which may not be worth the upgrade for some people.
@@CheckYourSpec I’m thinking if you can afford to spend £17,500 on a used ipace S you can afford the extra £10-£15 a month on insurance for a £19,000 HSE. The margins are small but the difference is significant. Very much bang for buck.
