I got my e208 for 24000 almost 3 years ago when it was listed at 31000. That's one of the great things about local dealerships and why I don't even consider cars from tesla or byd that only have online stores(and mg that only recently opened in my area)
@@samuxanso the car you bought was, in reality, ONLY worth $24000. You didn’t get a good deal, you got the deal the dealer wanted you to get. Old strategy, state a high price and heavily discount it. Learned that in the early 80’s when working at a Datsun dealership.
@@mcdon2401 .. a bit like the speed limit on the M3: an "aspirational" number rather than a limit, since you're lucky to get up to 50 every other month.
@@Joe-lb8qn you think that’s how it works? Just because dealers are giving discounts to get rid of stock doesn’t mean manufacturers will bring down list prices. You think the mark them up so much to make them competitive?
I've never bought a new car and probably never will and I knew you could get a bit knocked off through different websites but I didn't appreciate the scale of the discounts available on some new cars. This is great content that will help a lot of people.
Erm just go to auto trader and select new EV. The discounts are easy for anyone to see. In a buyers market there is no excuse for being a chump and walking into a dealership and paying list or even haggling. Auto trader will show you the best price in the country. If your local dealership doesn't match it or get very close then buy online instead!
Ive had my Corsa-e just over three years now. 55k miles. At the time i bought it, it was the cheapest i could find am ev. £21k brand new at the time and ive almost finished paying it off!
If I paid the list price on my Cupra Born I would of lost 50% of its value in 16 months. I paid a decent amount less (shopping around) but just sold it 2 weeks ago for £18k. 4 months ago however the webuy value was £24k..... The 1k a month loss is very real at the moment. Just ask my wallet!
I need a van that will do at least 150 miles a day while loaded without needing a recharge. Ive no need for a car. Even the cheapest is £16 - 17,000 over what Im willing to pay for a vehicle. Then I run it till the wheels fall off and the bodywork gives way and I cannot weld it back together anymore. The newest vehicle Ive ever owned has been 6 years old. I still own it 15 years and 475,000 miles later.
My local Fiat dealer has a 500e pre-reg with no mileage in Icon spec for under £19,998. Sounds tempting, until you try to insure it. I'm 72 with 30 years NCD, so the huge premium is based on the car, not my driving record.
@@TheBladesman-ig1cu You are probably right. I did another check on Auto trader and the quotes are not as bad as I thought. Must be old age🤔 , but it's still twice what I paid for my Suzuki Swift.
I've bought a couple of new Renault cars with huge discounts over the years (30%}. The deprecation was quite low compared to the price I paid but massive compared to list price.
You are spot on with riduculous depreciation calculations - and I too have been saying it for years! Four years ago I negotiated a new top of the range SEAT Ibiza down from just north of £20k to £16k. I recently traded it in against a new Clio 90 TCe, getting £13k for it. This was a real depreciation over four years of less than 19% - not the 36% against List Price (which would have still been way below the 60% that the magazines and websites would suggest). I got 11% off my new Clio and free metallic (effectively a total of 14% off) - not as much as I got off the Ibiza, but better than the Target Price quoted by the main consumer magazines and websites. It will be interesting to see how I do when I swap the Clio in four years time. As for the list prices of electric cars - they are nothing short of laughable. I, for one, am delighted to see big discounts for those looking to get an EV, but lower realistic list prices would, as others have said, get potential buyers (especially those who don't want to or can't haggle) through the door and actually buying. If the mainstream (i.e. European) manufacturers keep their list prices where they are, the upcoming Chinese models will take a huge chunk of their sales of mainstream models.
I just bought a Renault Zoe 52kwh 136bhp from mid 2020 with 60.000km for 14.000 british pounds (in Denmark, where I live). For that price it is an incredible second car for shorts and medium trips. But I have to say that the car has no CCS charging... bit for the everyday is more than enough😊
I am looking at replacing my leased Kia E Niro 4+. On paper the Tesla Model 3 is cheaper than most cars especially when adding the extra tech and heat pump. This is another interesting view as I will be looking at a number of cars this week. Out of interest we drove past some 2018/19 Ford Fiesta rangeing between £10,000 and £12,000, so new EV's are looking a lot cheaper. I used to always get a deal on a new ICE car for less than any selling second hand, even a year old. It is well worth looking for discounts.
People who have not gotten the new discounted price but financed their EV for bit less than list will loose out as the current discounts of up to 30% on new EVs. Then comes the question are people buying a 3 year old EV off the dealers? And what happens to all the lease fleet cars after 3 years since most EVs sold are fleet leases?
Sorry I would not buy one at any price .looks like they are having trouble trying to get rid of them .serves them right try to push this things onto us .
I always enjoy your video content, and it’s helped me with my research for energy and budget saving. Having owned an EV myself for 3 years, I’ve recently swapped out for a Toyota hybrid as the overall cost with 3 years ownership is less than an equivalent EV. Some other factors helped with my decision, discount on my new car, zero problems trying to charge on long journeys, and predictable depreciation. I’m happy with my decision, but I miss the EV driving experience, but it just didn’t make the cut this time around.
Evs were not heavily discounted 3 years ago. For accurate depreciation you would have to use 3 year old new car price data. I know for sure Tesla have done massive price variations over that time period.
@@MrDAVIDATKIN where did you find that 18k LEAF please? I'd sooner get an outdated LEAF than a less common model from brands that might not be 100% committed to EV (IMHO that's all the other Japanese brands).
@@NunoLima1337 its through Cars2Buy £17494 for a Leaf Connecta, smaller 39kWh battery obviously for that price but seems a great price for anyone wanting a Leaf.
Funny but you are comparing current new discount prices v current 2nd hand cars. Add another 3 years to current cars and the will be even cheaper 2nd hand than they are now. Especially as there will be a glut of used EVs, they will be taxed at either 180 +/- 380 premium car tax if over 40k list. 3 years if numbers increase by 30% then cheap rates will start to increase, especially with the push to heat pumps. It’s still not that rosey. Still keep to Tesla not that I plan to sell my MX any time in the foreseeable future.
Fascinating. I’ve some experience of trawling discount sites but can’t find prices like these ‘in 30 secs’. Can you be any more informative on where you found these deals?
@@adriancoppin977 well they must of had some in that had been exchanged, the guy said he was going to try 2 other porsche dealers, 1 was porsche that valued it, car wow was another and highway, webuyanycar was the others
When I bought mine new in 2016, it was new to market, high demand, a few months waiting time, and I kinda had to suck it up - it's great to see the market is now so much bigger and more established, and I shouldn't have to do that again!
What's the break even price? How's the predicted pricing matched up actual pricing. Has the demand for ev died so much that's the cause of hemorrhaging prices. I was looking for an ev and have ended up with a 3l diesel because it works out cheaper and more environmentally friendly.
I'm curious how the e2008 is so much cheaper there because here they made it more expensive. There is some stock clearance on the peugeot site, but the dealers are brushing it away, plus the trim levels are worse. For example the GT trim would come like in 2023 (last year of NFL) with 10 inch screen, the advanced led headlights, the silver trim pieces, fog lights...but in the stock GT cars, they are being sold without any of the above, but still offered as GT (not GT line) And the rest of the cars are being price increased here mainland europe, not reduced.
If you are in the market for a brand new EV then surely you need an EC4 at £20k... Or the ioniq 6 at £38k. Pretty much write everything else off at these prices. Sure if you want an estate or an Suv or sports car then get the Mg5 and of the suv or that Audi.
Ive been looking at alot of these cars recently there is big discounts available but most have very high interest rates on pcp 9.9-13.9% some are betterto lease if you can find a good deal
WOW.... I mean... a holy cr*p, kinda WOW...! Some of those discounts are mindboggling...!! Great work, dude... Oh and I can see the anti-EV trolls are starting commenting on your channel, eh...? 🤦♂
I am more likely to look at a car if the sticker price say 19K rather then 32K. In a way the car dealers are discouraging customers from stepping into their dealership. Do carry on this type of car prices comparison now and again. Most helpful.
I wonder what effect the Dacia Spring and even the e-c3 will have on these prices. The spring's list price is £15k, even if they don't discount it that's going to make the other city cars going to look unattractive. National cars is selling the Leaf for £20,400, that'd make it 5th on your list
Wow. I have the old ID3. It was pre registered and had 1400 miles as a demo and was massively discounted. Cheaper than the MG4. I wouldn’t be paying the current price but I definitely wouldn’t get an ID3 when the Cupra Born was cheaper. It looks so much better than its cousin. I love my ID3 though. Things were different last July when I bought bought it. My ID3 was nearly £30 a month cheaper than the MG4 which I got the longest range priced cheaper than the standard. So the car was about £7k off list but the used car got a 2k finance contribution compared to £500 for a new one (at the time).
It’s all well and good being cheap, but what about range? For my personal circumstance, a long range model 3 was really the only viable option (and what I’ve been driving for 3 years). This doesn’t appear to have changed much, and I am now looking into getting a second hand M3 or other Tesla in years to come rather than a brand new one or other make. There is also the charging network; Tesla’s superchargers are so much better than any other out there.
In all honesty, if you are going to use public charging a lot, I wouldn't buy anything that can't use the Tesla network. It's still patchy out there in 2024 for public charging. If you're mainly charging at home with just the occasional public charger, I wouldn't worry so much. Charging time of the car is just as important as range if you do a fair bit of motorway work.
I think anyone considering an EV as their main car should decide whether range is a major factor (faurly obvious statement) but when they do, I suspect the vast majority will realise that it isn't AS LOBG AS THEY CAN CHARGE AT HOME.
@@harrycorry3772I don’t understand your comment. How does having a home charging point help me if I don’t have enough range to get to where I’m going, and back home? A home charger isn’t the solver of all problems.
@diddybopper2052 It's more a general comment on EV ownership. If you can't charge at home, or at a reduced rate at work, then an EV isn't the best car for anyone. Public charging is too unreliable and too expensive. Even in your home/work/home, one trip/no charge scenario, if you can't charge at home first, then it would be too costly via public chargers. Plus if you need an EV with 300 mile range then MOST people would be stopping for a piss or something to eat anyway, so could get a top-up charge then, which doesn't add much extra time to your journey.
I guess the discounts they are now giving is due to EV's not selling and being stock piled. It's all supply and demand. If you get a discounted car and pay less than £40,000 for a £40,000+ car do you still pay the luxury car tax premium?
The Vauxhall Corsa. Eight years ago, a medium spec Corsa had a list price of £14400. Trade magazine says it can be had for £12200. A leaflet comes through the door from the Vauxhall owned dealership saying there's a special deal on and it can be had for £9000. A visit to the dealer is tricky because the area is swamped with Vauxhall Corsa's. Eventually, I make it to the Salesman who spends 20 min banging on about gap insurance, whilst looking like his family are being shot outside in the car park, or Corsa park as it has become. I noticed a large field covered in cars - all Corsa's, acres of them. It takes 5 mins before he offers to sell me one, with free diamond coating and upgraded audio for £6745 if I come back next week when the manager isn't in. All around me are signs saying "Vauxhall - supporting the customer". Make of that what you will.
Thanks for the video, I bought my first EV (E208) last year and so far I can't see myself going back, so any indication that the prices are leveling up is good. As a retiree I'm very rarely in a rush so charging along the way suits me.
@@ElectricVehicleMan Loads of new and pre reg EV's listed on Autotrader for well under £25k, a few less than 20k, perhaps we are at or near ICE price parity.
I have enjoyed my Zoe for four years, and it’s a leased car through Renault’s own finance company. The Combo will be leased through Motability because I’m disabled.
Just goes to show how manufactures take us as mugs. If they had simply priced the cars at a realistic price top 4 @ £25K instead of the inflated £30k+ Not only would they have sold more, but would not have had to discount so much just to get people to buy them. Total greed on their part.
Thanks for the video. Have you thought of using a 50" TV and PowerPoint as the Whiteboard of Truth? It might save you time for not a lot of money. These deep discounts seem to be UK-specific. Cheapest new Corsa EV here I could find is €29,950 or £25,700 so a full £5,700 or over 25% more than UK.
Surely if you are using the same data points for all cars then the depreciation is a valid indication of how much a car value could drop. Therefore if you can get the car for much less than list fine, but price paid is what the manufacturer / dealer is prepared to accept sometimes even incurring a loss.
Some cars have much larger discounts than others, Ford v BMW for example. They’re not the same data points. Only if everyone paid list would that be valid.
Unless you can take each individual car and its sale price and then what it is sold for after a number of years later to work out true depreciation. Depreciation as presented by data is an indication only, that is my point.
@@gordonevans376 All the magazines I mentioned in this have a target price for readers to aim for. A more realistic achievable value. They already have this data for pretty much all cars sold. As said in this video, why not use that?
The new Tesla Model 3 for £39,990 is not bad for what your getting, it's a refresh and a 2024 model! Should have still included the Tesla's IMO in the list.
@ElectricVehicleMan that's fine, but I just thought it could still be put in the list. Just put the same price on either side showing no change, but no problem! 👍
Really useful video - the list price as quoted in many reviews and literature no doubt puts people off but given a lot of people are acquiring new cars on finance or leasing they won’t have access to these deals or will they?!
@@ricshumack9134 slightly misleading by cherry picking your figures. It's 10% of lithium ion batteries that GOT recycled in 2021. Not 10% of EV batteries. Ecobatt in Australia say they can recycle 96% of an EV battery.
if you want ev public charging prices and ev car prices to come down , just don't buy an ev and or go back to petrol diesel cars, this way it will bring all prices down 75%
While there are deals to be had, people need to get into the mind set of old, let the business man / company suck up the depreciation and buy at 2-3 year old. 2020> EVs in the second hand market offer great value for example Kona/Niro/Soul, Ionia 5 and Polestar to name but a few that are genuinely long range with the Korean cars still being in full manufacturer warranty not just 8 year battery warranty
Your logic don't work out. 3 years ago you would have to pay £33,000 for a new Corsa E, now it's only worth £13,000 if you could find someone to buy it. So if you pay £19,795 for one now, in 3 years time you would be lucky if it was worth £6,000. This logic applies to all the cars on your list. BTW 2 years ago I owned a Corsa E for 4 months, it was winter time which made things bad for a EV, so I went back to ICE cars, after having such a bad experience with a EV.
@@rickbaines8262 Oh yes ,so how many have you brought for that amount. None because when they came out new, you could not get them for such a low amount. Stop making false comments.
@@SuperBartet Firstly, I've never bought a Corsa because....well, it's a Corsa. Secondly until last year I worked for a Vauxhall dealership here in sunny Yorkshire and nobody ever came in and paid 33k for for a Corsa EV, literally nobody, if you did, you must have been the sales staffs wet dream.
@@rickbaines8262 Your "well it's a Corsa" comment says it all. The Corsa EV is a complete different car from the ground up to a ICE Corsa, it's main frame is totally different and the size of the car is totally different, it's just been made to look like a Corsa because the Corsa is a top selling car. So I find it hard to believe anything you say.
Sales across all cars are significantly down for private buyers. That and lost price isn’t realistic. It’s always been like that for fords/vauxhalls etc
@@ElectricVehicleMan What sort of car was that? I was recently unable to get any discount on a new VW Golf, Audi A3 or Toyota Corolla even without any part exchange. The massive discounts on EV's combined with low rate finance are destroying the residual values on these cars. Both the manufacturers and the owners of these cars will lose a lot of money.
@@johnpedelty3866 Maybe a daft question, but did you just walk into your local dealer and ask what the best price was?....or did you sit on Autotrader, Carwow etc. seeing how could offer the best price? I saved £5000 on my car but I had to travel from Yorkshire to Glasgow to get the car, worth travelling if your saving a lot of money though.
I love your videos. Can I just ask how you find the prices? Do you ring the dealerships and haggle or something else because I’m struggling to get a decent price.
At present, i think we've reached saturation point regarding private buyers wanting new EV's. Lease & company car drivers are the major factor in keeping the EV market afloat. There also doesn't appear to be much appetite for secondhand EV's. The next 2 years will be interesting, low sales will force the prices down (as is happening at present) and if that doesn't work then, the manufacturers will reduce the model range.
@ElectricVehicleMan• Oh come on, be sensible - when you're starting from a baseline of zero 10yrs ago, every year is going to be a 'record high' - and probably will continue for the next couple of years, until battery replacement costs start to take effect.
@@AntonyBall-hm4jo No. in 2023 UK used EV sales nearly doubled. Thats not through normal growth. Either way, saying there’s no appetite for them used is clearly incorrect.
@ElectricVehicleMan• Don't misquote me, I didn't say no appetite. As I've already said, I expect EV sales to plateau over the next couple of years, unless the market is 'stimulated' again.
I did laugh when you said the corsa was good for 200 miles….🤣🤣🤣🤣🤣 as long as you don’t use the lights, heater, rear glass heater or A/C …..or even go up a hill. Don’t even mention the inflated charging costs, inflated insurance, restricted service garages…and finally the wait to use public charging. Sorry mate, I’ve done my homework, and the EV’s ain’t there yet
If you had done your homework as you say, you would know that electric items like lights, wipes, rear screens come from the standard 12v battery, not the traction battery so have no effect on range. You are right about the Corsa doing 200 miles, not in the real world.
@@ElectricVehicleMan probably best not to. We have an electrician’s forum, where EV’s have been discussed and range is critical for us, especially with heavy tools and cable on board. Otherwise, we have to build in additional charging cost/time to quotes, ie, a 6 hour job becomes a 7-8 hour job. These charges must be passed on to the customer…..
@@CosmicSeeker69I believe that despite Volvo pulling out that Polestar have secured $950 million in loans to keep them afloat to 2025. Still makes you wonder though!
I think there’s going to be a massive gap in the market as time goes on. Where people would buy a 4-6yr old car and keep it for another 5 years, those days will be over with EVs same as buying an ev now with no warranty, prices are around 30% of new even when they are only 3 years old and you think these buyers of 4-6 yr old cars aren’t even the last owners. But a 10yro ev thats defiantly got no value only scrap today or tomorrow. That’s if the battery even still works.
We know 10 year old EV’s do work the Nissan leaf was released in 2011 in the UK. Yes the battery degradation on those is extreme but battery management systems and battery tech has moved on. I’m fully expecting to have 85-90% of my available range when my GV60 is 10 years old ( I would hazard a 10 years old ICE might have lost 10% of its efficiency at that age - with carbon build up, seal wear, DPF clogging etc. ) A lot of manufacturers are standing by their EVs with a 7 years or longer battery warranty! And if worse does come to the worse if battery prices are falling as they are now how much cheaper and better might a replacement battery be in 10 years time. A new technology plasma tv went from £5000 in 1998 to £500 in 2008.
No matter what battery management software you use batteries have a maximum life. You may shorten them with bad management, but even if you lightly use them your still looking around a maximum of 12 years they degrade even if you don’t use them. You do remember the 7/8 year battery warranty is only for around 70% minimum storage remaining. Sorry but I’ve never known any ICE car loose 10% of its range it’s more down to how they are maintained and more importantly how they are driven. Even so say you do get 10% drop on a ICE car over 10yrs, when most do between 600 miles on that’s still 540 miles range remaining. If you have a BEV with 10% loss, and it only has a stated range of 300 real life around 225 in summer with nothing on and no passengers. Take out 10% your on 200 miles or around 150 in winter months. I think BEVs are awesome in some cases, I gave my MX got the Mrs and went back to a diesel. My point is the whole used EV market is a different animal to a used ICE market. Quite normal to see a used ice car that’s 20 years old with life left in it for around 1k but you won’t find a BEV that’s got any meaningful life for that type of money.
@@jlrguy2702 You're right you won't find a used BEV for 1k, far too early to tell how a decent range EV will fair when it gets to that age (if it even does) but what I will say is most cars don't make it to twenty years old in the UK if you look up the stats. At the scrappy just up from my work there's plenty of cars come in on 2012-2014 with engine damage and other major mechanical or electronic issues that haven't been worth repairing, I've also noticed quite a few of them seem to be German brands, make of that what you will. It's certainly going to be interesting seeing what happens over the next few years.
100% problem with cheap EV’s they have some inherent value even with a U/S battery. So I doubt you will ever get to sub 3k really. I would slightly agree with the scrap yard view, but most of it isn’t because they are no good. It’s just that a lot of owners when they get to about 5yrs old stop servicing them. Really there’s no need especially diesel if you service them regular are easily good for 300-400k miles even more if they are used right. Half the problem in the UK is many people buy cars to travel 10 minutes to work. Where the car never warms up properly. The problem with German cars, which correlates with the above is they are expensive to fix. One other fault I find with this video is that the values he’s using aren’t correct, yes they are on auto trader but they aren’t actually available to buy at that price unless you are affinity buyer otherwise look to spend another 4K above that. They are all pre-registered making them second hand not new. These current prices even though you can buy them now cheaper, but the second hand prices are actually high as they still aren’t really selling second hand and manufacturers want that as the rather you buy a new car.
@@Antiguan_DartYou are correct saying that battery tech will improve and batteries will be cheaper but will there be support for the very old EV models? If the tech moves on it may not be compatible with 1st gen EVs.
Car manufacturers are not doing us any favours, the reason for these eye watering discounts is because people aren't buying electic cars. The depreciation of electric cars is a real thing, I very much doubt that a couple of years ago you could get these huge discounts, so the depreciation is real. People who bought then, at probably near list price, are seeing huge amounts of depreciation. The discounts on ICE cars? Well for example you can get a massive £655 off a brand new Honda Jazz (list price £27,550) down to only £26,895!
