VW ID.3

Cuauhtemoc

Got a notification for an update to 3.7 today for our 2021 iD3. No sign yet but can take a while apparently.

"Thank you for choosing sustainable mobility as part of our ID. family. We are delighted to be able to offer you additional functions and optimisations for your ID. with our ID. software 3.7."

J_R

https://www.boards.ie/discussion/comment/122728198#Comment_122728198

Hi

Same here, ID3 Pro 2021.

bootser

Hi, has everyone that got the update notification agreed to all the information sharing on the VW website? I've been asked to agree to information sharing from the car thro my app but have been ignoring it, do I need to allow it so ye think?

the_amazing_raisin

https://www.boards.ie/discussion/comment/122729720#Comment_122729720

I'm not sure you actually have to enable anything except having a We Connect contract, which is free and you need to use the app anyways

gossamerfabric

ID.3 gets an LFP battery in China but probably not Europe. I'm all in favour of this. The battery pack has enough space in it for about 50kWh of LFP batteries as the 52kWh NMC battery leaves space in the larger 62kWh housing.

I guess like with other manufacturers it will take then time to get the BMS tuned properly but if it allows them to reach customers lower in the market all is well and good.

https://electrek.co/2024/10/15/volkswagen-id-3-gains-lfp-battery-rival-cheaper-evs-china/

Ev fan

https://www.boards.ie/discussion/comment/122739702#Comment_122739702

If they put the new Shenzing Plus fast charging LFP battery into it, it will be even better.

Soarer

Well that's a bit of a wake-up call, and a marker for where the market is (heading).

We're 16 months into our 3 year 0% PCP, and for pig iron I decided to see what it'd cost to trade in our current ID3 for a GTX Performance Plus. GMFV in July 2026 is €22,400. Outstanding balance of €31k-ish. Immacualte car, 18k kms on her.

To be fair, one dealer gave us a decent offer. Might try squeeze a bit and possibly go for that.

Two other dealers though. One offered a €21k valuation, the other €20k! Both under what the car is supposed to be worth in 18 months' time!

There are gonna be a lot of ID3s handed back in 2026 when that offer of 0% PCP runs out.

DaveyDave

https://www.boards.ie/discussion/comment/122740935#Comment_122740935

Why are people adamant on handing the car back though? After sinking €20-25k into a car after 3 years, walking away from it because you have zero equity is a terrible idea. Nobody seems to be saying to just hold onto the car everyone just keeps saying they'll hand it back and leave empty handed.

Unless you genuinely need a different car, you'd be better off just holding onto it and getting your money's worth?

Sam the Sham

https://www.boards.ie/discussion/comment/122741574#Comment_122741574

Surely that depends on whether you have the money to pay the GFV and what interest rate you can get if not.

fits

https://www.boards.ie/discussion/comment/122741574#Comment_122741574

completely agree. Now we did change cos we needed a bigger car. But I think people are mad to change if they don’t need to.

Soarer

https://www.boards.ie/discussion/comment/122741574#Comment_122741574

Because who’s gonna take out a €22,000 loan at 7%+ for a car that’s worth €15k or less?

hold my beer

https://www.boards.ie/discussion/comment/122742026#Comment_122742026

There's no way a 3 year old EV is only worth 15k

Luna84

https://www.boards.ie/discussion/comment/122742038#Comment_122742038

That's all you'd be offered probably off a dealer if you bought the car off the PCP and went to another dealer to trade it in for another car.

You would be mad in the head to do what I just said but the price the dealer would offer you is why I said it.

Buddy Bubs

https://www.boards.ie/discussion/comment/122742038#Comment_122742038

I wouldn't be surprised to see that as trade in offers. At the moment the cheapest asking is about 17k for a 2021 low spec one but will also have higher mileage than the one mentioned above

hold my beer

https://www.boards.ie/discussion/comment/122742073#Comment_122742073

That doesn't mean it's only worth that. Finance the baloon payment, pay off over 3 or 4 years, and I'd wager the car will still be worth at least 10k at the end of that.

Soarer

I was offered €20k for a 16 month old ID3 with 18,500 kms on clock. Purchase price in July 2023 was €44 something.
If she’s after losing €24k in the first 18 months, why wouldn’t she lose another €5k in the next?

Soarer

https://www.boards.ie/discussion/comment/122742079#Comment_122742079

Exactly.
They’re asking €17, and it hasn’t sold yet.
It’s a falling market. Why won’t the equivalent 3 year old car be worth less?

Liam2021

Deleted

Buddy Bubs

https://www.boards.ie/discussion/comment/122742206#Comment_122742206

I'm agreeing with you

Buddy Bubs

https://www.boards.ie/discussion/comment/122742198#Comment_122742198

A bit of that is offset by lower purchase price of a new one though. Like for like you wouldn't be paying 24k to change. Still though, the depreciation is steep on them unfortunately.

I've seen it with my own cars too it's my first time owning new cars still on the steep curve it's not nice

jogdish

Will be trading my id3 for an id4, thanks to the forum for the advice over the years. My options were like for like id3 (meh feeling and boot+range I felt was worth the price difference ), otherwise GTX which I hated the styling off and zero use for that much power. So looking forward to an id4.

Ev fan

https://www.boards.ie/discussion/comment/122742198#Comment_122742198

Just to add to that I have done a deal on my Feb. 2023 Born for a new 2025 e boost Born. Very similar cars and mine was bought for similar money to yours (with several extras). Got 23k trade in on mine which is not great but the price on the new Born came down on special offer to 36.5k (with extras included) - so cost to change to a somewhat upgraded model was reasonable IMO.

Old diesel

https://www.boards.ie/discussion/comment/122740935#Comment_122740935

My take is that they want cars to stay with the original customer for as long as possible.

So the actual 2026 deals may be better then what's on offer at half way into the deal.

Especially if VW are supporting dealers in terms of packages for new sales.

Old diesel

https://www.boards.ie/discussion/comment/122741574#Comment_122741574

In a situation where the real market value is lower then the GMV.

Isn't it cheaper to hand back the keys and then buy another ID3 from the wider market.

Vs settling a balloon payment that's based on a valuation at start of deal that's now too high compared to the actual market price.

the_amazing_raisin

https://www.boards.ie/discussion/comment/122741574#Comment_122741574

That's exactly what I did, paid off the balance and kept the car (ID.4)

Couldn't see any reason to upgrade, however that was before VW announced the upgraded infotainment and motor

I still would have just kept the car, I'm fed up of loan repayments. I've managed to get my life to the point of being debt free and it'll take a lot to persuade me to go back into debt again

Next car I'm buying the boring old fashioned way, saving money and just paying for it upfront

fits

Car value is an abstract thing. You only make it concrete when you actually sell the car.

I think in terms of annual cost of ownership. My ID.3 cost 6000 per year in depreciation. ( only realised as I sold it). If I had interest to pay I’d add that to the annual cost also. The longer you keep the car the lower the annual cost as the depreciation will flatten out. It doesn’t really matter what the market value is unless you sell it. Buying a new car is never going to be cheaper.

Sam the Sham

One aspect of this question (sell or keep) that hasn't been mentioned: we don't know how reliable these cars are long term. While there's every reason to believe that the motor/drivetrain will be more reliable than a typical ICE motor, there are lots of electronics that could malfunction and be very expensive to repair on a car no longer in warranty.

While I have been pleased overall with my 2022 car, there have been quite a few electronics/software problems over the last 2½ years that have necessitated leaving the car with the dealer. Also had to have it towed to a dealer once for a 12v battery problem (after they had already replaced the 12v battery).

Even though my car was from the third year of production, it did (does) seem that they hadn't worked out a lot of the kinks and also that dealerships weren't particularly informed or well-staffed to deal with the cars. And since nobody else can service the car (at least for now), I'm more willing to finance a new one than I am to take out a loan to pay off a car the long-term reliability of which is unknown and on which repairs are likely to be expensive. So I'm rolling over the PCP into a new GTX.

Luna84

https://www.boards.ie/discussion/comment/122745876#Comment_122745876

So I'm rolling over the PCP into a new GTX.

That sounds like a good plan.

gossamerfabric

People seem to be happy to stay with EV and often from the same Western manufacturer. It will be interesting to see if the Chinese enjoy the same level of customer loyalty.

staples7

https://www.boards.ie/discussion/comment/122744504#Comment_122744504

Alot to be said for being debt free, people are blinded by the low monthly payments in an infinite 2/3 year loop. Would like to know % people who break the pcp cycle. I’d imagine it’s low. If you can afford it fine it’s a quick way to get rid of money but many people are living month to month with mortgage, crèche fee’s and one or maybe two PCP’s.

joe1303l

https://www.boards.ie/discussion/comment/122747189#Comment_122747189

I suspect very few break out due to worrying about what the neighbours might think etc. It’s a trap but suits some people that want new cars all the time and don’t do big mileage.

MojoMaker

In other parts of the world it's known as Magpie Syndrome.

the_amazing_raisin

https://www.boards.ie/discussion/comment/122747189#Comment_122747189

I'll admit I was in that trap myself, seemed affordable at the time but then as the PCP wore on it was becoming a serious drag

Took some amount of work and a fairly significant amount of luck to save the amount to get out

I get that for a lot of people the struggle is very real and a loan is the only option. I feel that this carousel of buying a new car every 3 years isn't sustainable however

hold my beer

https://www.boards.ie/discussion/comment/122749046#Comment_122749046

Some people will always be able to afford to get a new car every 3 years, and it's made a lot easier for some with PCP.

joe1303l

https://www.boards.ie/discussion/comment/122749116#Comment_122749116

Yes, it’s not an issue for folks that could afford to buy new cars on a regular basis. That said new cars have gotten a lot more expensive and some customers are going to get squeezed. People who embark their first PCP can often be hoodwinked into using the residual value of their €20K trade in to reduce their monthly payments. At the end of 36 months their €20K can be gone up in smoke and you’re now starting from zero for the next one.

hold my beer

https://www.boards.ie/discussion/comment/122749240#Comment_122749240

That's the risk you take. At the moment, garages are giving decent deals to get you into a new car. Nobody should enter a PCP if they're not prepared to have to pay off the baloon (whether by loan or savings).

fits

https://www.boards.ie/discussion/comment/122749240#Comment_122749240

Many like us are saving over 3000 in fuel compared to their previous loan free ice car. And then there’s the reduced tax and servicing costs. That definitely takes the sting out of it. And you’re in a more modern safer car.

Soarer

Not to mention you’re always driving a car under warranty. That’s a big win.

Buddy Bubs

https://www.boards.ie/discussion/comment/122749329#Comment_122749329

I have to say I do like being under warranty now, I have it on 2 cars but both in their last year of a 3 year warranty. I've never had a car in warranty before this and got on ok, always bought big exec saloons well out of warranty

They have suffered at least 60k depreciation between them in the 2 and a bit years though. Although 1 is a company car and the other was bought used at 18 months old so not borne by me directly.

the_amazing_raisin

https://www.boards.ie/discussion/comment/122749329#Comment_122749329

I'll be honest I'm not sure the warranty is that great if you live in Dublin

VW garages seem to have waiting lists of weeks, often don't diagnose issues properly and take forever to order in parts

Soarer

https://www.boards.ie/discussion/comment/122750318#Comment_122750318

Thankfully, most of us don't!

More seriously though, if it's a warranty issue and the car is out of action, at least you get a replacement while you're waiting.

staples7

‘But I’m always under warranty’ is also a bit of a false economy. Ie buy a good low milage used car maybe 3 years old. Could be avoiding 20/30k in depreciation. You’d be unlucky to have a few k in repairs if you change every few years. People act as if we all still drive Skodas from the 80’s. Cars are generally well made nowadays.

Also I put the ‘but I’ll never need to nct’ into the same bracket as above 🙈

I’ll put my hands up and say my last 2 cars were new ev’s so I need to go practice what I preach with the next car (mainly as there was no really 2nd hand ev market at the time). Will never ever go pcp though.

Soon you’ll be able to pick up a 3 year old id3 or a model 3 for circa 15k-18k. That’s great value. Probably better examples but they come to mind.

Sam the Sham

New ID.3 pricelist dated 22/10/2024 is out. Main difference is that the Pro S and Pro S Plus prices have each been increased by about €2,500. Since the GTX prices remain the same, the gap is even greater, with the Pro S Plus now over €7,000 more expensive than the GTX Performance Plus (!).

I have to believe that this is deliberate and VW Ireland want to sell more GTX models than Pro S models, whether in order to meet European Green Deal targets or for some other reason. Hard to understand why they want to do this in Ireland though, given that it's a tiny market. But no way does a mistake make its way through three iterations of the pricelist when dealers have been taking orders for the cars for weeks.

New list here: https://www.volkswagen.ie/idhub/content/dam/onehub_pkw/importers/ie/models/product-guides/my25/ID3_MY25.pdf

Exiled Rebel

https://www.boards.ie/discussion/comment/122763537#Comment_122763537

There'll be GTX's everywhere

gossamerfabric

delivery charge in only 370 here but over 1000 euro more to Ireland. I am not even being billed for delivery.

52kWh car is now available in Ireland.

Luna84

https://www.boards.ie/discussion/comment/122764259#Comment_122764259

Where are you?

gossamerfabric

the fatherland.

Luna84

https://www.boards.ie/discussion/comment/122764293#Comment_122764293

Ah yea Hitler country.

ted1

https://www.boards.ie/discussion/comment/122741574#Comment_122741574

walk away and buy it again for less than what you owe.

Sam the Sham

If there were no gap between what dealers offer for a car and what they sell it for, that would be a sound strategy (and the dealers would be out of business).