Advice needed : Ioniq now or Used Tesla Next year(or both!)?

Petetheroadie

In a dilemma, so would appreciate some advice.

Currently driving a crappy 06 Ford Focus 1.4 as a 2nd car and spending about €100/m on petrol. Have an option to buy a new Ioniq electric thats in stock at a local dealer. Had a spin in it yesterday and it's quite nice.

I commute by train to Dublin during the week, so low mileage there. At the weekends my biggest drive would be Drogheda to just outside Newry and back once a month or so. Maybe the odd work trip to Waterford or somewhere.

It looks like the Ioniq would have the range for that, but I'm going to organise a 24h test drive to check that out more thoroughly.

The dealer is offering me a €4k trade in for my car and with a bit of a deposit on top, HP is working out at about €400/m which is fine.

The dilemma is that I want a Tesla :-)

CPO Model S prices from Tesla are just over £40k, so could drop to the low 30s this time next year potentially.

So the question is, would you recommend taking advantage of the decent trade in offer for the Focus now, having a nice EV for a year and then selling or trading the Ioniq for a Tesla next year and effectively selling the focus for scrap?

Or

Hang on to the focus and save the €400 per month to put towards the Tesla deposit if the CPO prices come down to a point I could afford it?

I have a deposit on a Model 3, but that'll replace the wife's car next year (or whenever it finally makes its way to Ireland)

Thanks,

Pete

bp_me

Petetheroadie wrote: »

I commute by train to Dublin during the week, so low mileage there. At the weekends my biggest drive would be Drogheda to just outside Newry and back once a month or so. Maybe the odd work trip to Waterford or somewhere.

The only small issue is the current shortage of DC fast charge points for the Ioniq (and the fact that they are all single point of failure). As you mention going to Waterford there are no CCS points between Naas and Waterford. There are plenty of SCPs but ioniq charges from them at 7.4kW so they may not be especially useful for you. Also the M9 has a few sections that are either extremely hilly or just energy sucking for no obvious reason.

If you have a look at the map there are some fairly obvious gaps in CCS coverage (and even some that are down).

Petetheroadie

Yeah, good point on the lack of CCS chargers and gap. Hopefully not an issue day to day, and in extreme cases I can take the wife's car (ICE).

Appreciate you pointing it out though! I don't expect ESB to be adding any more either, although maybe the Ionity chargers will actually appear as planned.

Pete

unkel

It's a difficult choice. Real Tesla or poor man's Tesla

Petetheroadie wrote: »

CPO Model S prices from Tesla are just over £40k, so could drop to the low 30s this time next year potentially.

I think you're too optimistic there. And were it even to be £35k, then you would not have AutoPilot. Do you really want a Tesla Model S withouth Autopilot?

You are getting a fantastic trade in for your Focus. I don't know why the dealer is doing that as the demand for Ioniq is so high. But it might be an opportunity for you to get an Ioniq and suffer fairly low depreciation

I bought a new Ioniq last year myself and I'd say it wouldn't be that hard for me to sell it privately for what I paid for it a year ago or near enough it (I got a good deal)

Have deposit down on Model 3 and I am tempted by CPO Model S. So I guess I know how you feel

80sDiesel

4k sure sounds like a good deal on the trade in. But if u r only spendi 100 euro a month on petrol I can't see the need to buy a new car at all. And if the Tesla is what u want, you can afford to wait.

Petetheroadie

unkel wrote: »

It's a difficult choice. Real Tesla or poor man's Tesla



I think you're too optimistic there. And were it even to be £35k, then you would not have AutoPilot. Do you really want a Tesla Model S withouth Autopilot?

You are getting a fantastic trade in for your Focus. I don't know why the dealer is doing that as the demand for Ioniq is so high. But it might be an opportunity for you to get an Ioniq and suffer fairly low depreciation

I bought a new Ioniq last year myself and I'd say it wouldn't be that hard for me to sell it privately for what I paid for it a year ago or near enough it (I got a good deal)

Have deposit down on Model 3 and I am tempted by CPO Model S. So I guess I know how you feel

First world problems eh?
The main thing that's tempting me to switch is the scrappage offer, as I'm sure the best Tesla would offer against the model 3 is €500 (if anything at all), as well as the 5 year warranty.

Yeah, I'm probably a bit deluded about the 30k CPO price next year... I'm also not totally convinced about the Model 3, particularly the fact that there are no manual door openers in the back seats. So might end up trading the wife's car in for a CPO Model S which we could then afford to pay a bit more for (and ensure autopilot).

Petetheroadie

80sDiesel wrote: »

4k sure sounds like a good deal on the trade in. But if u r only spendi 100 euro a month on petrol I can't see the need to buy a new car at all. And if the Tesla is what u want, you can afford to wait.

Yeah, this is what the sensible part of me is thinking...

unkel

Petetheroadie wrote: »

I'm sure the best Tesla would offer against the model 3 is €500 (if anything at all)

Tesla offer no discount and no trade in. But they will help you get rid of your car by ringing around a few traders - and then handing you over the money a trader would pay for your car. So yeah, about €500

Teslas will be seriously expensive cars to fix if they fail and we don't really know how they handle age/mileage etc.

Have you considered any other EV or just Ioniq/Model S ?

Petetheroadie

[Deleted User] wrote: »

Teslas will be seriously expensive cars to fix if they fail and we don't really know how they handle age/mileage etc.

Have you considered any other EV or just Ioniq/Model S ?

So I wouldn't buy a non CPO one as the 4 year warranty is essential, but I don't agree with you that we don't know how they handle mileage. I've seen several stories of 300k+ miles Tesla's with good performance & reliability (and the warranty covering anything that did go wrong).

I've looked at every EV going. I'm not a fan of the looks of the Leaf or the BMW i3, and am not interested in a compromise solution (Rex). The Ioniq is the only non Tesla I'd consider tbh.

That's grand if you're happier driving an older car and provided Tesla Ireland can solve any issues you may have.

Mileage is one thing, time + mileage is another.

I don't find the Rex a compromise in fact quiet the opposite.

If you're leaning heavily towards a Tesla I think you already know what you want so why not do it ? saving a few hundre a month isn't worth it if you're driving the car you'd rather not be driving.

unkel

I don't think time and mileage are big issues for Model S. The main problems were build quality with the earlier parts used. And in fairness, Tesla have developed better parts to replace these earlier problematic ones. If you get a 2015 one now, most of the problematic parts have already been replaced. And if you get a CPO, you'll get the full 4 years warranty. Surely that will be enough to have confidence and not be out of pocket.

The one thing very unknown is the resale value. A brand new €25k Ioniq will probably still be worth €13k after 4 years with still a years warranty left, so €12k depreciation. A £45k AP Tesla model S (€55k landed) when it is 7 years old with zero warranty left, how much would it be worth then? Maybe €20k? That's €35k depreciation. Almost 3 times as much...

I've thought about going Tesla S too, but those figures look like a lot of extra money to me. Making the business case for myself by buying a brand new Model 3 would make more sense to me with less risk and less depreciation (and having a brand new and probably better build mass-manufactured car)

Sabre Man

If you're totally sick of your current car, go for the Ioniq. I think you'll love it, and you'll save money on motor tax and runnings costs.

You can always get a Tesla later. Newish Teslas will depreciate faster than your Ioniq and you should be able to get a better Model S than if you buy now.

I can't blame you for wanting a Model S though. I've been wanting one since I first became aware of them about 4 or 5 years ago. If I hadn't bought a Model S the Ioniq would have been my second choice (or perhaps the new Leaf).

unkel

Sabre Man wrote: »

I can't blame you for wanting a Model S though. I've been wanting one since I first became aware of them about 4 or 5 years ago.

Fair play to ya. If you really want one and can afford one, then why not! I very much doubt you will regret your decision to buy one - presuming it was new or CPO

I'd actually have the Model S over the Ioniq, a LOT more powerful, longer range, super charging.....that screen !

unkel

Deleted User wrote: »

I'd actually have the Model S over the Ioniq

Who wouldn't?

peposhi

unkel wrote: »

Who wouldn't?

Me! LoL

As much as I admire the car I would not buy it. I love the Tesla vision and concept, l love the way they rocked the auto industry. Strange enough none of the M group has tempted me (ever since I seen the MS and MX in flesh).
I’d rather go for iOniq, Leaf or i3...

To the OP:
iOniq is a really good car and if you’re sure the CCS and slow charger availability is sufficient for you trips I’d say go for it. The scrap page deal you got for the Ford makes it well affordable for you to drive a brand new car.
You’ll hear plenty of people talking and talking about depreciation, don’t let them scare you

Shefwedfan

Petetheroadie wrote: »

In a dilemma, so would appreciate some advice.

Currently driving a crappy 06 Ford Focus 1.4 as a 2nd car and spending about €100/m on petrol. Have an option to buy a new Ioniq electric thats in stock at a local dealer. Had a spin in it yesterday and it's quite nice.

So the question is, would you recommend taking advantage of the decent trade in offer for the Focus now, having a nice EV for a year and then selling or trading the Ioniq for a Tesla next year and effectively selling the focus for scrap?

Or

Hang on to the focus and save the €400 per month to put towards the Tesla deposit if the CPO prices come down to a point I could afford it?

I have a deposit on a Model 3, but that'll replace the wife's car next year (or whenever it finally makes its way to Ireland)

Thanks,

Pete

Model 3 will probably be 2020/2021 as we are right hand drive

Before making any decision I would keep an eye on https://www.gims.swiss/en/

All cars will be launched at this event, you will see when Merc etc are bringing out cars(supposed to be this year)

Might make decision a bit easier or maybe even more difficult

A Model 3 with decent spec won't be cheap.