Irish Indo - Woman facing €22,000 loss as electric car price takes a hit

BrianD3

Jesus wept at this nonsense. I wonder is this sob story even real or just clickbait in which case I've fallen right into the trap. In summary, she normally changes her car every 12-18 months (extremely wasteful practice) She bought a VW ID5 then "realised" it wasn't right for her. She "burst into tears" at the depreciation when she tried to change it. Subsequently, VW slashed the new price of an ID5 meaning she is now down 22k and "in negative equity". This is apparently a sad and distressing story. LOL.

Reminded me of some of the wailing years ago when the CO2 tax system was brought in and the cost of a new BMW 5 series went down by, IIRC, 8k. Cue lots of sob stories from the clowns who use to drone on about the "equity" in their car and how cars like 5 series needed to be bought in a certain "spec" and colour - not because the owner wanted it but to maintain the resale value. Again, LOL.

https://www.independent.ie/life/motoring/car-talk/trust-your-instincts-woman-facing-22000-loss-as-electric-car-price-takes-a-hit/a929807997.html

pah

Can you PCP something every 12-18 months? I thought it was designed around 3 year blocks. Sounds like bullshit to me

hoodie6029

Eddie Cunningham wouldn’t know a car if it hit him. His writing and articles are like a 6th class student pretending to be a journalist.

The anti-EV brigade might as well try pushing back the tide.

loyatemu

these are the real victims, people who change their car every year!

BrianD3

No idea on the PCP but here is another one who paid 55k up front for his EV and is now sobbing over depreciation of 22-27k in two years. Why does he even want to change his car? Here are his reasons:

"Due to the lack of charging infrastructure, expense of charging on the public network, range anxiety – our in-laws are in Galway – instantaneous fires and uncertainty once out of warranty, I think I may just have to bite the bullet and sell or trade my EV in for a more traditional internal combustion vehicle,” he said.

https://www.irishtimes.com/motors/2024/02/02/tumbling-prices-for-new-electric-cars-is-not-all-good-news/

He's described as a senior executive in a major Irish based company. In other words, a multinational. Given his stupidity, bad planning and financial illiteracy, he should be kept away from anything financial or any role with power and responsibility.

Kaisr Sose

That's funny about the executive above.

So he invested first, then researched the pros and cons of his investment.

He could get a job in RTE.

bazz26

What do people expect, it's the Indo after all. Bottom of the barrel journalism.

bucketybuck

https://www.boards.ie/discussion/comment/121715960#Comment_121715960

So he is correct about all those cons, but **** him because he didn't do his own research?

So it was "stupidity and bad planning to buy an EV, what an idiot."

They might be idiots but it sure sounds like electric vehicles are a big problem here, not the people who realised it too late.

Buddy Bubs

https://www.boards.ie/discussion/comment/121716350#Comment_121716350

There is no executive, he is made up. The line saying he agreed to talk to us on condition of anonymity is hilarious.

Are they trying to make out this fictional executive is some sort of whistleblower and is in danger if identified or what?

Story is pretty clearly made up

bucketybuck

https://www.boards.ie/discussion/comment/121716432#Comment_121716432

You have missed the point entirely.

Made up or not, when given a long list of EV problems the reaction in here wasn't "those aren't true", it was "its his own fault, the dumbass should have checked first".

I thought I was reading a Crypto thread for a second, with people laughing at those caught by the scam.

listermint

https://www.boards.ie/discussion/comment/121716440#Comment_121716440

Long list of problems? I literally just bought an EV. We cover 27k km per year plus. We will save thousands on diesel per year. I've dreamt of the day where I don't have to service her car. It's here now and we have a petrol station on our front driveway.

Don't get me started on how comfortable smooth and stress free it is to drive and I've only had it over a week.

Buddy Bubs

https://www.boards.ie/discussion/comment/121716440#Comment_121716440

The woman who has money to change her car every 12 to 18 months bursting into tears isn't real either. I wouldn't worry about hurting either of their feelings

Furze99

My sympathy is limited to one second max.

hellyeah

Breaking news. Cars depreciate, get over it. People spending 60k on the new shiny thing , and then trying to get out off it a year later. Like really. Do your research to see if said car suits you first before committing. Complete throw away society we live In. Don't like it someone else's problem.

As for bursting into tears in the showroom. Grow up.

bigroad

Fools and their money will spend money on stupid things to show off to their family and friends and when their so called investment goes wrong ,its everybody else's fault.

They must get their money easy to be such fools with it.

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Jizique

https://www.boards.ie/discussion/comment/121716460#Comment_121716460

Driving is stress free when there is nothing on the road; do the roads empty when you jump into your EV?

Donald Trump

https://www.boards.ie/discussion/comment/121716350#Comment_121716350

How can you conclude that it is a big problem that the cost of something comes down massively? Most normal people would conclude the opposite

Cars aren't traditionally seen as a store of wealth, so anyone who would use them for that is would have to be considered bit of an idiot.

Gumbo

https://www.boards.ie/discussion/comment/121716699#Comment_121716699

A new car is not an investment. It’s a depreciating asset to serve a function of travel. Some look good, some look bad, some are powered by petrol, some diesel and some electric.

Buying any run of the mill car and thinking it’s an investment is stupidity.

Gumbo

https://www.boards.ie/discussion/comment/121716711#Comment_121716711

Once you buy that diesel, the LCI version will be updated and the older car is outdated. Same sh1t applies.

mulbot

New to these EV threads, I was contemplating, before Christmas, to buy one. Decided not to in the end. But I find almost a hostility from EV owners on the threads when any criticism or arguments against EV ownership is brought up, even being called more or less a liar last night on another thread for mentioning a few people I know switched back to traditional fuels. Unbelievable really, almost like "thou protest too much"

Gumbo

https://www.boards.ie/discussion/comment/121716717#Comment_121716717

If you get stressed by other road users then you best hand back your licence.

listermint

https://www.boards.ie/discussion/comment/121716717#Comment_121716717

No gear changes , power for days, all the gadgets ya need. Yes stress free.

I don't know what to tell ya. 🙊

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listermint

https://www.boards.ie/discussion/comment/121716753#Comment_121716753

What was it your were saying though ?

Personally couldn't care less if someone buys one or not. Buy them for your own reasons. I suppose if people are spreading spoof stuff expect to be called out on it. Same as if someone was talking nonsense any subject 🤷

mulbot

https://www.boards.ie/discussion/comment/121716788#Comment_121716788

You can read it on"do you regret buying an EV" thread, I always have just read them, not participating in the thread as I just wanted to find out people's experiences. I literally wrote "I only know 3 people personally who had EV's and all 3 have switched back to diesel". That was it.

listermint

https://www.boards.ie/discussion/comment/121716798#Comment_121716798

Fair enough. It's highly abnormal for 3 people you know to have bought and all 3 switched back to be honest. So I suppose there would have been questions on what they bought.

Some people buy the wrong cars of any type. Happens every year. Brands models sizes. It's mostly because that person didn't bother their arse seeing if the car (any car) is the right one for them or test drive them properly.

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drunkmonkey

An article from the Telegraph today

The West’s humiliating electric car climbdown

https://archive.ph/QAr2c

I wonder has the EU shot it's car manufacturing in the foot, where to now for policy makers?

mulbot

https://www.boards.ie/discussion/comment/121716811#Comment_121716811

But by the same token, if I said I knew 3 people with diesel cars that switched over to electric, that wouldn't be unusual?

listermint

https://www.boards.ie/discussion/comment/121716821#Comment_121716821

Huge flames, many of the flames. The size of 4 eiffel towers.

CramCycle

Made up people in made up situations, all new cars depreciate, maybe not that much but it's a nonsense page filler. Same with the made up executive. Even if they were true, those stories won't sway people with an ounce of wit between their ears one way or the other, they will just read the stories and think, morons, both of them.

listermint

https://www.boards.ie/discussion/comment/121716846#Comment_121716846

They wouldn't have sold their diesels after just buying them so no ridiculous comparison. I'd give someone the same stupid tag if they bought a new Audi A6 without checking the boot size or that the seating position didn't suit them. (Fools) it's alot of money

listermint

https://www.boards.ie/discussion/comment/121716836#Comment_121716836

The telegraph isn't worth quoting on any subject of any flavour about any matter, frankly.

mulbot

https://www.boards.ie/discussion/comment/121716811#Comment_121716811

Also the reasons being- (1)neighbour had one, used to drive 40 km spin to work, could charge in work. He changed jobs, required then to do alot of driving each day around the southeast, said an EV just wouldn't work.

(2)his sister, she just changed because they wanted a new Mercedes SUV thing. No really issue from what I gathered.

(3) cousin, had one, he regularly drove from carlow to Galway, and Mayo, his Inlaws live there, said was completely impractical, one of the reasons being he had to journey plan etc, said it made any journey with his small children unbearable.

There wasn't anything wrong per set with the cars, but I think those reasons are valid, you just can't seem to point these things out in the EV threads without alot of hostility.

Gumbo

https://www.boards.ie/discussion/comment/121716821#Comment_121716821

BMW 5 series you’re talking about I assume?

BMW have a mass recall to insert software to warn drivers of over heating egr systems so that should help in maintaining owners safety. Quality is another question.

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Gumbo

https://www.boards.ie/discussion/comment/121716894#Comment_121716894

1. Very valid reason for anyone to switch back. If you can’t complete your days journey on one charge, EV is not for you IMO. It’s ok if you have to stop and charge on a once a month trip or something but everyday, it will become tiresome quickly
2. I can almost respect the sister here. She wanted a car that suited her appeal for the looks. Fuel didn’t come into it. Nothing wrong there.
3. cousin should have researched before he bought there. He knew he done those trios in advance so you’d have to take into consideration those when switching to EV. User error there unfortunately.

listermint

https://www.boards.ie/discussion/comment/121716894#Comment_121716894

🤷 buy what the want / need .

Am I the 'ev crowd' cos I own one.

Is there a discount card and Christmas party?

The Indo is a gutter rag.

That story was probably next to one about what Kate Middleton wore to a recent polo match.

It's up there with the Sun and the Star for "journalism" standards.

drunkmonkey

https://www.boards.ie/discussion/comment/121716868#Comment_121716868

Regardless of what you think of the telegraph it's quite obvious the EU has made a big blunder and if it doesn't change course it's putting a lot of manufacturing jobs on the line. China's the problem.

JVince

https://www.boards.ie/discussion/comment/121716711#Comment_121716711

Diesel cars depreciate too 😁😁😁😁😁😁

More seriously, all cars bought last year will see high deprecation as supply is now meeting demand and marques are doing deals whereas last year (& 2022) there was tight supply and no discounts

CramCycle

https://www.boards.ie/discussion/comment/121716894#Comment_121716894

So 1. His situation changed, presumably couldn't afford a bigger battery car, that's fine. 2. Not a complaint against EVs as such 3. He sounds like a bit of a moron as it sounds like he should have known this before hand. None of those are complaints against EVs. The last one might be an example of a fool and his money but that's it.

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Ezeoul

What I don't understand is if she was told back in July of last year that the car had depreciated so much why did she hang on to it for another seven months for it to depreciate more?

listermint

https://www.boards.ie/discussion/comment/121716957#Comment_121716957

I agree. But I would counter that with the manufactures in the EU have made the blunder head up there collective arses for the past decade in relation to technologies and paying lip service to this space coupled with off shoring huge amounts of their own manufacture to low cost countries like China (giving away trade secrets to cut their costs) has gotten them got by the bollix.

So who to blame... I'd argue the large traditional European brands are majorly at fault and not the EU

Ardent

The rabid reaction from EV owners here to any criticism is perfectly understandable - you sink your hard earned cash into anything you have to defend it.

The best example I saw though was on here a few days ago. Apparently one of the pros of EV ownership is the added excitement and challenge it brings to long range journeys - a kind of charging point challenge ! 😆😆

listermint

https://www.boards.ie/discussion/comment/121717023#Comment_121717023

Rabid 🤣🤣🤣

Dog whistle ?

Gumbo

https://www.boards.ie/discussion/comment/121716924#Comment_121716924

Yes, once the egr goes, it ignites the diesel and the car is gone. Happens daily unfortunately.

listermint

https://www.boards.ie/discussion/comment/121717039#Comment_121717039

My EGR in the vans and awful head melt. Eventually impacted the turbo. Then the exhaust manifold. Engine out job. Where it sits now on a pallet to be put back together.

Gumbo

https://www.boards.ie/discussion/comment/121717023#Comment_121717023

The rabid reaction from diesel owners to any critics is perfectly understandable too. Imagine getting their knickers in a theist over someone’s choice of fuel source. Are we gonna berate someone now for using a gas boiler instead of logs or a heat pump. Very strange carry on. People sink their hard earned cash into diesel too. They must defend their decision at all costs.