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So I went for another ICE - please don't hate me.

1246

Comments

  • Moderators, Society & Culture Moderators Posts: 42,330 Mod ✭✭✭✭Gumbo


    Villain wrote: »
    The servicing savings in the short term might be better but in the longer term it may be a different story, that is part of the unknown here.

    Mind you Nissan like to bloody charge, €55 for Brake fluid after two years and €45 for a pollen filter and I can't even remember the price they wanted for wipers but it was bloody crazy!

    That's cheap to get the work done by a main dealer and get the main dealer receipt and stamp in the book.

    My E60 BMW, the Brake Fluid change was €90ish from a main dealer and the pollen filter with discount is near €70 alone, I'd fit it myself as its only 2 clips and the car is 9 years old at this stage.

    Atlas, for example, charge €60ish for a brake fluid flush and change.


  • Registered Users, Registered Users 2 Posts: 12,326 ✭✭✭✭KCross


    Anything over 30% loss of value after three years is considered bad. 50% is horrible. What figures are you using as regards depreciation in Ireland.

    Are there official figures that can be queried? If there are please share them?

    Im just going by what I typically see (and expect to get) when I'm buying and my yardstick is 50% off after 3yrs. It obviously depends on the make/model as to whether it is 40, 50, 60%.... I'm taking 50 as a rough guide not a scientific calculation(obviously).

    Take a cursory look at done deal and cross check against new prices. It wont be exactly 50% of course but it wont be far off.

    Just took one as an example just now.... Toyota Auris 1.4d. Plenty of 2014 ones of those on done deal for €13950 (asking price!). The base model of that is €24k new. Thats close enough to 50% and a Toyota Auris diesel would be a reliable, well known popular brand here, so its a good example.


  • Registered Users, Registered Users 2 Posts: 6,545 ✭✭✭Oafley Jones


    KCross wrote: »
    Are there official figures that can be queried? If there are please share them?

    Im just going by what I typically see (and expect to get) when I'm buying and my yardstick is 50% off after 3yrs. It obviously depends on the make/model as to whether it is 40, 50, 60%.... I'm taking 50 as a rough guide not a scientific calculation(obviously).

    Take a cursory look at done deal and cross check against new prices. It wont be exactly 50% of course but it wont be far off.

    Just took one as an example just now.... Toyota Auris 1.4d. Plenty of 2014 ones of those on done deal for €13950 (asking price!). The base model of that is €24k new. Thats close enough to 50% and a Toyota Auris diesel would be a reliable, well known popular brand here, so its a good example.


    Figures for Ireland seem to be almost impossible to come by. I'm skewed by too much info from US and UK and particular in prestige brands. But to deny the Leafs performance there would be going to the land of "alternative facts". I can't imagine the Leaf performing better in Ireland vs the UK. The GMFV is telling though, the people who calculate that aren't idiots.


  • Registered Users, Registered Users 2 Posts: 12,326 ✭✭✭✭KCross


    Figures for Ireland seem to be almost impossible to come by. I'm skewed by too much info from US and UK and particular in prestige brands. But to deny the Leafs performance there would be going to the land of "alternative facts". I can't imagine the Leaf performing better in Ireland vs the UK. The GMFV is telling though, the people who calculate that aren't idiots.


    Yea, not denying the depreciation is bad. The discussion I suppose is how much worse it is than ICE. I dont think your 30% figure holds true for many models here... maybe Im wrong.


    Are there official depreciation figures for the UK somewhere other than using the "donedeal" method?


  • Registered Users, Registered Users 2 Posts: 8,618 ✭✭✭grogi


    Edit: To clarify this because it doesn't read correctly. Anything over 30% loss of value after three years is getting bad. 50% is starting to get horrible. You've brands that will skew this overall e.g. French and particularly large, but in high performing brands you should be doing better. What figures are you using as regards depreciation in Ireland.

    You're joking...

    50% over three years is something to be expected, less than that is extremely rare. Only expensive, but practical and cheap to keep cars - exp. S-Max or Octavia VRS - depreciate at slower rate than 50% every three years.


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  • Registered Users, Registered Users 2 Posts: 6,545 ✭✭✭Oafley Jones


    KCross wrote: »
    Yea, not denying the depreciation is bad. The discussion I suppose is how much worse it is than ICE. I dont think your 30% figure holds true for many models here... maybe Im wrong.


    Are there official depreciation figures for the UK somewhere other than using the "donedeal" method?

    I don't understand you here as regards "how much worse". That's precisely how it's benchmarked - against all other vehicles. It's often the worst.


  • Registered Users, Registered Users 2 Posts: 12,326 ✭✭✭✭KCross


    I don't understand you here as regards "how much worse". That's precisely how it's benchmarked - against all other vehicles. It's often the worst.

    I suppose I could throw that back at you and say, what benchmark? What data are you using? Then we'd get into a debate about options and gadgets in the Leaf and the fuel savings etc etc. Its been done a thousand times on here already.

    However, this is what I mean...if an equivalent ICE (whatever that is) depreciates 15k in 3 years and the Leaf depreciates 17k then I dont see that as "horrendous". (Im just making up those figure btw). Its bad and worse than ICE but its not significantly worse.... thats the point.

    I suppose we'd need more data driven analysis here as we are just talking in a vacuum. We're likely to get a few pages of ping pong out of it! :)


  • Registered Users, Registered Users 2 Posts: 66,665 ✭✭✭✭unkel


    And people keep referring to 3 years. Sure, depreciation on an EV is bad over 3 years (when you're coming out of PCP)

    But why keep it for 3 years only? Keep it longer and depreciation is far less of an issue. Or if depreciation is bad, buy second hand, the car is very cheap after 3 years so :p

    Problem is that most people seem to get stuck / stung because of the PCP contract they are / were in...


  • Registered Users, Registered Users 2 Posts: 15,959 ✭✭✭✭Villain


    unkel wrote: »
    And people keep referring to 3 years. Sure, depreciation on an EV is bad over 3 years (when you're coming out of PCP)

    But why keep it for 3 years only? Keep it longer and depreciation is far less of an issue. Or if depreciation is bad, buy second hand, the car is very cheap after 3 years so :p

    Problem is that most people seem to get stuck / stung because of the PCP contract they are / were in...

    Well most people don't know or understand the half rule on HP or PCP and how they can exercise that when Depreciation is hurting, then it hurts the bank more than you :D


  • Registered Users, Registered Users 2 Posts: 12,326 ✭✭✭✭KCross


    unkel wrote: »
    Or if depreciation is bad, buy second hand, the car is very cheap after 3 years so :p

    Problem is that most people seem to get stuck / stung because of the PCP contract they are / were in...

    That's it in a nutshell.


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  • Registered Users, Registered Users 2 Posts: 3,041 ✭✭✭stesaurus


    Villain wrote: »
    Well most people don't know or understand the half rule on HP or PCP and how they can exercise that when Depreciation is hurting, then it hurts the bank more than you :D

    I've always wondered how the half rule applies to a PCP agreement, would it really be 18 months into a 36 month PCP?


  • Registered Users, Registered Users 2 Posts: 15,959 ✭✭✭✭Villain


    s.welstead wrote: »
    I've always wondered how the half rule applies to a PCP agreement, would it really be 18 months into a 36 month PCP?

    Depends on interest rate and deposit you put in tbh but mine was past the point after 24 months.


  • Registered Users, Registered Users 2 Posts: 35,739 ✭✭✭✭NIMAN


    DrPhilG wrote: »
    Not sure how you reckon they're holding well, Leaf values are pretty poop.

    That said they are offset by the fuel savings so it's not so bad.

    But surely if you weigh up fuel savings made v greater depreciation on EVs, they might more or less cancel themselves, and if it's down to that equation, Joe Public will likely buy an ICE?

    I just bought a 161 Golf, there's a fair chance it's going to hold its value a whole lot better than a 161 Leaf. Now I may be proved wrong, but I doubt it.


  • Registered Users, Registered Users 2 Posts: 12,904 ✭✭✭✭DrPhilG


    NIMAN wrote: »
    But surely if you weigh up fuel savings made v greater depreciation on EVs, they might more or less cancel themselves, and if it's down to that equation, Joe Public will likely buy an ICE?

    True. Most people can use the depreciation aspect to rule out an EV. However if as you say the increased depreciation cancels out the fuel savings then I'm no better or worse off than owning an ICE. Except an EV is much more pleasant to drive and as others have said, by buying second hand and keeping for longer those depreciation issues are lessened.

    I bought mine at a year old and intend to keep it for 4.


  • Registered Users, Registered Users 2 Posts: 34,387 ✭✭✭✭listermint


    NIMAN wrote: »
    But surely if you weigh up fuel savings made v greater depreciation on EVs, they might more or less cancel themselves, and if it's down to that equation, Joe Public will likely buy an ICE?

    I just bought a 161 Golf, there's a fair chance it's going to hold its value a whole lot better than a 161 Leaf. Now I may be proved wrong, but I doubt it.

    What would make you think that? VW have had low sales this year coupled with the latest trend of marked dates for diesel expulsion from the large cities your purchase I've no doubt was a diesel may be significantly hurt.

    Tbh I think this and next year will be time to start to ditching the diesels if you are concerned of value retention.


  • Registered Users, Registered Users 2 Posts: 15,959 ✭✭✭✭Villain


    listermint wrote: »
    What would make you think that? VW have had low sales this year coupled with the latest trend of marked dates for diesel expulsion from the large cities your purchase I've no doubt was a diesel may be significantly hurt.

    Tbh I think this and next year will be time to start to ditching the diesels if you are concerned of value retention.

    The problem with current gen EVs is that for you to make the big savings you need to be pushing range regulary which obviously has it's issues.

    The battery siz evolving is what is killing depreciation I think once we get to 60kW at a decent price that issue will calm down.

    Diesels may have some issues in the future but I would bet my house on a 161 or even 171 VW Diesel holding its value far better than current EVs.


  • Registered Users, Registered Users 2 Posts: 15,959 ✭✭✭✭Villain


    Also relevant to this is a post on one of the FB groups:
    Called into the Hyundai dealer in Naas today to see what kind of PCP deals are available on the Ioniq EV.

    "We won't do PCP on the Ioniq electric. It's not a good idea for our customers as it's all very new at the moment". End quote !!!


  • Registered Users, Registered Users 2 Posts: 21,837 ✭✭✭✭Water John


    It's really a personal choice ATM. What factors influence you?
    As EV cars development matures, ie normal type car with a decent range, the cusp point of change will move towards EV.

    Other issues, such as govn't and cities actions may accelerate that trend.

    The real flip point will be when, the public makes the decision that the depreciation and running cost of an EVs will be definitely lower than diesel.
    Once the trust that, the diesel car you buy may not have a buyer from you in a few years, that will be the flip point.


  • Registered Users, Registered Users 2 Posts: 8,618 ✭✭✭grogi


    Villain wrote: »
    Also relevant to this is a post on one of the FB groups:
    "We won't do PCP on the Ioniq electric. It's not a good idea for our customers as it's all very new at the moment". End quote !!!

    Yeah, for customers...

    They just cannot be sure about future value - the probability of people walking out of the deal because there is no equity left is simply too huge.


  • Registered Users, Registered Users 2 Posts: 3,903 ✭✭✭zulutango


    Villain wrote: »
    Diesels may have some issues in the future but I would bet my house on a 161 or even 171 VW Diesel holding its value far better than current EVs.

    At some stage there'll be a tipping point. Would you bet your house that a 201 or a 211 VW diesel will hold its value better than a comparable EV. I wouldn't.


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  • Registered Users, Registered Users 2 Posts: 66,665 ✭✭✭✭unkel


    Villain wrote: »
    The problem with current gen EVs is that for you to make the big savings you need to be pushing range regulary

    How did you work that out? An Ioniq has a claimed range of 280km, but we've all seen the tests and even at 120-130km/h on motorways (any EV's weakest point), it can do over 200km

    So if you did 200km every day (no range anxiety) and charge the car up at home every night, you would do 73k km and it would cost you €700 in electricity

    That distance would cost you over €5k in fuel in a very frugal diesel car...

    Even at below average annual mileage, you'd still save over a grand in fuel. That's without free charging, never mind the cheaper tax, insurance, maintenance. Depreciation might be a bit higher on an EV (particularly if you keep your EV for 3 years and not longer), but you get more than this back in other savings

    In other words: total cost of ownership of a family size new EV is smaller than of a similar size new ICE, particularly if you keep the car for longer than 3 years.

    Now obviously there are other considerations when buying a car apart from the total cost of ownership and there are plenty of reasons why someone would prefer to buy an ICE :p


  • Registered Users, Registered Users 2 Posts: 12,326 ✭✭✭✭KCross


    @unkel, I find that since you have put your money where your mouth is you are doing alot more EV defending these days! :p

    Thats the price you pay for switching.... abuse from ICE drivers. Welcome! :D


  • Registered Users, Registered Users 2 Posts: 15,959 ✭✭✭✭Villain


    200km a day without range anxiety!! Come back to me when that happens with Leaf or Ioniq.

    The point is electric cars are aimed at people doing small milage but when do you say less than say 50km a day the savings aren't huge, factor in depreciation and savings could well disappear.


  • Registered Users, Registered Users 2 Posts: 12,326 ✭✭✭✭KCross


    Villain wrote: »
    200km a day without range anxiety!! Come back to me when that happens with Leaf or Ioniq.

    Clearly the current Leaf isnt there. The Ioniq appears to be.
    Villain wrote: »
    The point is electric cars are aimed at people doing small milage but when do you say less than say 50km a day the savings aren't huge, factor in depreciation and savings could well disappear.

    If your mileage is small you would be better off with a small petrol car. I dont think anyone would argue otherwise.

    There are clearly many people on this forum who are making significant savings (me included) so the current EV's do have their place in the world but its not for everyone. You need to do your homework on them before you buy to ensure it works for you.

    Obviously, it doesnt for you. Thats fair enough. Some of your posts give the impression that no one should buy an EV. Maybe I'm reading you wrong.


  • Registered Users, Registered Users 2 Posts: 15,959 ✭✭✭✭Villain


    KCross wrote: »
    Clearly the current Leaf isnt there. The Ioniq appears to be.

    If your mileage is small you would be better off with a small petrol car. I dont think anyone would argue otherwise.

    There are clearly many people on this forum who are making significant savings (me included) so the current EV's do have their place in the world but its not for everyone. You need to do your homework on them before you buy to ensure it works for you.

    Obviously, it doesnt for you. Thats fair enough. Some of your posts give the impression that no one should buy an EV. Maybe I'm reading you wrong.

    I think EVs are great for people they suit but most people don't want to go below 20% so when you say Ioniq is there what if there is a divert on way home or you get a call to divert to relative? It may be sexist but women in my experience are especially nervous of range so saying 200km is possible without range anxiety is not a fair statement in my opinion.

    That is my main issue with EVs and their promotion here, most people only tell one side the positives so when I point out the issues I'm labeled a basher or hater which is not the case.

    I loved my Leaf overall and if Nissand had even a 45kW version available this year and were willing to give decent trade in values on my 24kW I would be in a new leaf later this year and I will be in an EV again in the years ahead.


  • Registered Users, Registered Users 2 Posts: 12,326 ✭✭✭✭KCross


    Villain wrote: »
    I think EVs are great for people they suit but most people don't want to go below 20% so when you say Ioniq is there what if there is a divert on way home or you get a call to divert to relative? It may be sexist but women in my experience are especially nervous of range so saying 200km is possible without range anxiety is not a fair statement in my opinion.

    I get your argument there but will there ever be a battery big enough to resolve the exceptions?
    If you had a 60kWh battery and you drove Cork to Galway and then you had to divert would you have the same range anxiety... these scenarios will pretty much "always" be there.

    I guess we need an Ioniq owner to do a real life motorway journey and come back with the real figures. How far do you actually get when you travel at 120kmh.... i dont know, but its better than the Leaf so it cant be too far off the 200km's and how many people do 200km's per day anyway?

    The focus on battery size and range shouldnt be black and white like it is sometimes discussed here. I think battery size should be looked at like engine size. You buy the one you need for your circumstances. The 24kWh is too small but I think 30kWh as an entry point should be viewed like an equivalent to a 1L petrol as most 1L petrol drivers wont be doing 200km's daily so in that case it will suit most of those people.

    If you need more than 30kWh then thats fine you pay a premium to get the "bigger engine" like you do today in the ICE world.


    Villain wrote: »
    That is my main issue with EVs and their promotion here, most people only tell one side the positives so when I point out the issues I'm labeled a basher or hater which is not the case.

    Yea, some of that does go on for sure. I suppose most of your posts are negative at this point so maybe my view of you is skewed. You did go on the national airways to generally diss EV's as well which wasnt very balanced. It was just your circumstances and didnt account for all the people who it does work for.

    Im happy to honestly share my opinions. Anytime someone (relative, friend or otherwise) asks me I point out the positive and negative AND always finish with "Its not for everyone".

    I dont ever want someone to buy one on my recommendation and find its a disaster for them. That helps no one.

    Villain wrote: »
    I loved my Leaf overall and if Nissand had even a 45kW version available this year and were willing to give decent trade in values on my 24kW I would be in a new leaf later this year and I will be in an EV again in the years ahead.

    The trade in value isnt up to Nissan though. A dealer isnt going to give you an above market trade in value. Its a business. The market dictates the trade in value and the Irish market is just tiny and thats why you had no equity left on your PCP. That will resolve itself in time as the market grows but asking Nissan to give you an above market rate for your car will never happen. They have to make money. It means they lost you as a customer but a lost customer is better than a loss making customer! :)


  • Registered Users, Registered Users 2 Posts: 15,959 ✭✭✭✭Villain


    KCross wrote: »
    I get your argument there but will there ever be a battery big enough to resolve the exceptions?
    If you had a 60kWh battery and you drove Cork to Galway and then you had to divert would you have the same range anxiety... these scenarios will pretty much "always" be there.

    I guess we need an Ioniq owner to do a real life motorway journey and come back with the real figures. How far do you actually get when you travel at 120kmh.... i dont know, but its better than the Leaf so it cant be too far off the 200km's and how many people do 200km's per day anyway?

    The focus on battery size and range shouldnt be black and white like it is sometimes discussed here. I think battery size should be looked at like engine size. You buy the one you need for your circumstances. The 24kWh is too small but I think 30kWh as an entry point should be viewed like an equivalent to a 1L petrol as most 1L petrol drivers wont be doing 200km's daily so in that case it will suit most of those people.

    If you need more than 30kWh then thats fine you pay a premium to get the "bigger engine" like you do today in the ICE world.

    I think 60kW will cover 90% of people tbh but you are right some people won't need that much but if technology can advance battery tech then there is no reason why 60kW can't be a low cost starting point in the years ahead.

    KCross wrote: »
    Yea, some of that does go on for sure. I suppose most of your posts are negative at this point so maybe my view of you is skewed. You did go on the national airways to generally diss EV's as well which wasnt very balanced. It was just your circumstances and didnt account for all the people who it does work for.

    Im happy to honestly share my opinions. Anytime someone (relative, friend or otherwise) asks me I point out the positive and negative AND always finish with "Its not for everyone".

    I dont ever want someone to buy one on my recommendation and find its a disaster for them. That helps no one.
    Well thats becuase many of the posts I reply to don't address the issues I have seen as someone who drove an EV for over 2 years :)

    It is all about honesty and ensuring people understand that what might be perfect for person A won't work for Person B.

    My piece on national radio was to highlight 3 issues that weren't and aren't getting attention. Especially the ecars submission to the CER, we are at a critical point in deciding how the public charging infrastructure is managed in the future and we only need to look at Eircom and see how badly this can go wrong, ok ESB ECars are still a semi state so it's not that bad but their current plans are awful and will only hold back EVs here.
    KCross wrote: »
    The trade in value isnt up to Nissan though. A dealer isnt going to give you an above market trade in value. Its a business. The market dictates the trade in value and the Irish market is just tiny and thats why you had no equity left on your PCP. That will resolve itself in time as the market grows but asking Nissan to give you an above market rate for your car will never happen. They have to make money. It means they lost you as a customer but a lost customer is better than a loss making customer! :)

    I get what you are saying and once the market of EVs has moved on from the early adoption phase that will be fine but at this stage in the project here I think Nissan need to be keeping EV owners in EVs not loosing them back to ICE when their finance has agreement comes to an end.


  • Registered Users, Registered Users 2 Posts: 66,665 ✭✭✭✭unkel


    KCross wrote: »
    @unkel, I find that since you have put your money where your mouth is you are doing alot more EV defending these days! :p

    Don't worry, I reckon I'll still have my gas guzzling Porsche by the time my Ioniq is ready for the scrap heap.

    EV is good for saving money on the family car (and I'll gladly take the €15k subsidy), but the petrolhead in me has other needs :D


  • Registered Users, Registered Users 2 Posts: 1,512 ✭✭✭September1


    If you look at 2012 Golfs vs LEAFs which I think costed initially similar price and with mileage up to 60k then LEAFs have clearly depraciated more:
    https://www.donedeal.ie/cars?sort=price%20asc&make=Nissan;model:Leaf&make=Volkswagen;model:Golf&year_from=2012&year_to=2012&mileage_to=60000

    similar thing is true for Ford Focus which was cheaper than LEAF in beginning of 2012.

    There were couple EVs from Renault that also suffered even heavier hit, but their numbers are too small to be good example.


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  • Registered Users, Registered Users 2 Posts: 6,638 ✭✭✭zilog_jones


    KCross wrote: »
    If your mileage is small you would be better off with a small petrol car. I dont think anyone would argue otherwise.

    If your mileage is small and you're rarely/never doing long distance driving then a used EV makes a lot of sense, especially as a second car. If you're doing say a <80 km commute you'd never need to worry about public chargers. I know people who have EVs for exactly this purpose.

    Buying a new car is financial madness either way :) If you're looking at this solely as a money-saving exercise, then just keep your old car for as long as possible.


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