EVs... no one wants them!
Discussion
DonkeyApple said:
GT9 said:
Haven't bought a brand new car myself for 20 years.
I've never purchased a new car, never had any form of consumer credit. This clearly makes me the bestest human while also explaining why there are some things in the fridge. PH. Fridge content matters.
Mikebentley said:
I don’t want an old shed. Some smelly decrepit piece of s
t. I’m comfortably off to be able to have whatever I want without morally or financially damaging myself. That’s just me but if someone else wants an old used car good on them. I also don’t drive an EV to save the planet as I generally couldn’t give two hoots demonstrated by my diesel 2022 Defender.
If my financial circumstances took a turn for the worse I would buy whatever my budget allowed for. You pays your money you make your choice. If it’s not right for you don’t do it.
If you are comfortably off to be able to have whatever you want why are you cruising about in an EV and not an S Class or 7 series like all the powerfully built directors t. I’m comfortably off to be able to have whatever I want without morally or financially damaging myself. That’s just me but if someone else wants an old used car good on them. I also don’t drive an EV to save the planet as I generally couldn’t give two hoots demonstrated by my diesel 2022 Defender.If my financial circumstances took a turn for the worse I would buy whatever my budget allowed for. You pays your money you make your choice. If it’s not right for you don’t do it.
KingGary I have no interest in engaging in a “ my fridge is fuller than yours debate” however you really are making lots of sweeping generalisations about people. I personally paid cash for my Defender £62k+ in 2022. My EVs are my work tools so purely as a business decision I lease them. I swapped from a leased Transit Connect Diesel. The lease is approximately the same as the Transit was but the fuel bills are about £400pm less in the EV. The other great thing is I don’t own the EV so have zero cares about its residual value in 3 years and during that time from an operating costs point of view I know where I stand. The other positive is a 270bhp Smart #1 is a much nicer place to spend 7/8 hrs per day.
If you are happy paying cash for ex demonstrators etc then good on you. It was always a good way to bag a relative bargain but your assertion that just because someone would lease means they can’t afford to buy is Ill considered and frankly doesn’t paint you in a kind light.
As others have tried to point out all second hand cars were once new. Where anyone chooses to purchase in a cars life cycle is up to them. I do wonder if yours and others anger comes from concern over battery life when you actually consider an EV is a viable option within your needs and budget.
I believe time will show that with modern battery management technology it won’t be the huge issue people worry about.
If you are happy paying cash for ex demonstrators etc then good on you. It was always a good way to bag a relative bargain but your assertion that just because someone would lease means they can’t afford to buy is Ill considered and frankly doesn’t paint you in a kind light.
As others have tried to point out all second hand cars were once new. Where anyone chooses to purchase in a cars life cycle is up to them. I do wonder if yours and others anger comes from concern over battery life when you actually consider an EV is a viable option within your needs and budget.
I believe time will show that with modern battery management technology it won’t be the huge issue people worry about.
Big Nanas said:
DonkeyApple said:
GT9 said:
Haven't bought a brand new car myself for 20 years.
I've never purchased a new car, never had any form of consumer credit. This clearly makes me the bestest human while also explaining why there are some things in the fridge. PH. Fridge content matters.
Mikebentley said:
but your assertion that just because someone would lease means they can’t afford to buy is Ill considered and frankly doesn’t paint you in a kind light.
Mikebentley said:
As you are likely still driving a car from the period I think you are in a better position to answer the question.
Before talking about kindness, perhaps you should reflect? KingGary said:
I’ve got no idea what you’re on about but carry on if it makes you happy.
Pretty sure you said you drive a Monaro V8.
Anyway, I've used PCP in the past instead of cash to free it up for other uses where it's delivered a profit.
There is no right or wrong answer about how to buy a car.
If we all stick to Gary's house rules, the new car market will tank, eventually f
king up the used car market that has given you the freedom of choice to buy your second hand cars.Sticking it to new car buyers is basically biting the hand that feeds you.
KingGary said:
Think what you like, typically I buy cars new/ex-demonstrators for cash. Works for me as I don’t like debt.
I appreciate this method isn’t popular amongst the empty fridge community on this thread.
And I have some sympathy with that view - however this thread is about EVs. If you'd bought a new EV 12-18 months ago you'd be in a more advantageous position in many cases if you have PCPd or leased as the px value of many of them at under 18 months old and 10k miles is already below the guaranteed future value in agreements at 36 months and 30k miles.I appreciate this method isn’t popular amongst the empty fridge community on this thread.
Edited by KingGary on Saturday 18th May 17:26
KingGary said:
740EVTORQUES said:
I migrated from a series of petrol V8s and 911 to an EV. The EV is massively better, you really should try one, you’ll be pleasantly surprised. There’s no way I’d go backwards to a V8 now, it’s just inferior.
If anyone is actually interested in my opinion of the differences I’m happy to opine. I’m not super bothered about internet points scoring.
KingGary said:
No need to be rude. If you like renting, that’s fine. I cannot imagine a scenario where owing somebody money is financially astute.
I can think of many. Borrowing to finance an asset that allows generation of more income than the cost of the loan would be the typical example. Or literally every business plan ever.
Mr E said:
KingGary said:
No need to be rude. If you like renting, that’s fine. I cannot imagine a scenario where owing somebody money is financially astute.
I can think of many. Borrowing to finance an asset that allows generation of more income than the cost of the loan would be the typical example. Or literally every business plan ever.
KingGary said:
Muzzer79 said:
KingGary said:
Works for me as I don’t like debt.
Ah, another one who can’t use a calculator.And if you could use a calculator, you’d realise that debt, in the right circumstances, can be completely the most astute decision if the money can be better placed elsewhere.
Did you think that rich people buying supercars on finance (a significant number) were doing so because there’s nothing in the fridge?
Muzzer79 said:
KingGary said:
Muzzer79 said:
KingGary said:
Works for me as I don’t like debt.
Ah, another one who can’t use a calculator.And if you could use a calculator, you’d realise that debt, in the right circumstances, can be completely the most astute decision if the money can be better placed elsewhere.
Did you think that rich people buying supercars on finance (a significant number) were doing so because there’s nothing in the fridge?
KingGary said:
Mr E said:
KingGary said:
No need to be rude. If you like renting, that’s fine. I cannot imagine a scenario where owing somebody money is financially astute.
I can think of many. Borrowing to finance an asset that allows generation of more income than the cost of the loan would be the typical example. Or literally every business plan ever.
Do you think Amazon etc (might be a bad example) own their vehicles outright or lease?
This past its sell by date government made it worse by shifting the date for EV only to 2035. On a par with the HS2 prevarication. I’d be inclined to actually impose the incremental tax on petrol that has been abandoned for what a decade? And use the cash to build out charging points at scale, poss owned by a nationalised energy supplier.
GT9 said:
Pretty sure you said you drive a Monaro V8.
Anyway, I've used PCP in the past instead of cash to free it up for other uses where it's delivered a profit.
There is no right or wrong answer about how to buy a car.
If we all stick to Gary's house rules, the new car market will tank, eventually f
king up the used car market that has given you the freedom of choice to buy your second hand cars.Sticking it to new car buyers is basically biting the hand that feeds you.
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