This week's EV bargain that I'm not buying

Bike is great. But sometimes you need a car..

Just a couple of more perquisites - has a second car or is a PS5 freak and never leaves home except for work. Might narrow it down a couple of '000 😂

https://www.donedeal.ie/view/35636390

Volkswagen ID3

Seems to be the cheapest ID3 available at moment, not sure what trim it is

Not much of a bargain then in the grand scheme of things. Less than 50% depreciation in 4 years is still quite expensive. But I’m sure theres room for negotiation

You're not going to get many Tesla bargains if your benchmark is more than 50% depn after 4 years.

Lots of reasons actually. If theres someone out there who wants to sell quickly without the hassle of Donedeal, someone who needs to sell fast due to a particular financial situation, or maybe someone who’s been offered a poor trade in value and has a new car arriving soon, I can step in with a quick and easy sale, instant bank transfer without the buyer having to wait weeks for a potential customer and having to deal with time wasters along the way?

Theres no need to be salty about it. Just because I don’t keep my cars long term and try to sell them for at least break even point doesn’t mean I should be looked down upon.

There is a 2019 up for auction in the UK this week. Its VAT qualifying so it could end up costing less than €20k on Irish plates.

Only problem is that I believe its out of warranty now with just shy of 100k miles? Which isn’t great come re sale time.

No, a private person cannot import this car for €20k. But I am VAT registered so HMRC will refund me the 20% UK VAT.

Theres a lot of paperwork involved and it takes a couple of months to actually receive the refund, but eventually it becomes a €20k car.

But you need to be in the motor trade in some way to access this auction. So that rules out most people, regardless of VAT status.

Prices are going to plummet once the first large wave of Tesla bought finish up leases or hit 2-3 year mark where many people upgrade. The supply tap will come on and stay on very quickly once leases finish and others buy their second tesla

The market at moment can't function properly with such low volume and so many sellers anchored by the high price they paid new (with Tesla cuts following) . 2021 and 22 Reg cars asking prices less than 8k below a new one won't last.

I will probably pick up an ID3 while I wait for a good value second hand tesla or the new model

Yeah, so I’m hoping January should be start of that then? Its been 4 years since Model 3 was released and still no sign of supply in the second hand market.

Anyway sorry for the chit chat folks. And thanks for the advice.

Had a look there....In 2021 Tesla sold 860 cars in Ireland. This year it is over 3000 with an end of year sale/ sell off (perhaps) still to come. price cuts and model Y combination have changed the game, but it's all relatively recent, so for that to flow through to used market could actually be some time...

MG seem great growth too, interestingly SEAT growth has been good too- I really don't know why that brand is being removed by VW, unless they only sell well in Ireland and Spain...which would an seem odd stat