VW ID.3

Used tyre socks a few years ago when we had a good bit of snow. Great for a day or 2 when we had plenty of snow cover on the roads, but shredded pretty quickly when snow started to melt and it was 50/50 clear roads and snow cover. But the ones I had may not be the same. I think they were about 50 euro for a pair ( for the front drive wheels)

i would consider them a ‘consumable’.

Heading that way alright but demand will certainly kick in at these lower values and may stabilise prices a bit.

I do firmly believe a lot of people want to go EV but aren't going to spend 30k plus for one.

But then again the likes of the BYD Dolphin brand new with warranty at 25k will put downward pressure on used EVs out of warranty. But overall, yeah, prices are going to drop for a while yet. Which is ok once the prices of the likes of what I want to buy next drops too!

A few years ago my 3 year old Golf was valued at €22k, approx 70% of the RRP. By that logic my €40k Born would be worth €28k.

I can't understand these EV prices. What's going on? A petrol Golf is €40k, are people being offered sub €20k for them now? Even with prices dropping, you'd still expect low 20s if you had a new €35k ID.3?

All tying into inflation, interest rate hikes and the extortionate costs of cars resulting in demand now falling off a cliff that early adopters of EVs have, by and large, made their purchases now and are looking at market disruptor brands in big numbers.

Huge market correction underway now with halted production, 10k reductions, interest free finance offers, all of which are positive. God knows what'll happen if governments remove grants.

I paid top dollar for my cupra born so I will suffer here, or I would if I was selling, but we offloaded the missus 530e for decent money only about 6 weeks ago, which may not be possible now or in the new year. You win some, you lose some. We are just keeping the Born as a 1 car household for now and I'll keep an eye on the market for something I see as good value in 2024 or 2025. We looked at keeping the 530e and offloading the Born but no dealers were interested, they knew what was coming. A private buyer bought the 530e.

I asked about a trade in today and they’re giving me 23k for my tour 5, down from 29k a few weeks ago! My PCP finishes next year and at this rate I’ll be handing it back and using my balloon savings to buy elsewhere.

It’s a great car and I’d prefer to keep it, but if the market value turns out to be less the GMV, wouldn’t it make sense to let it go and buy back for less than the final payment? Or something else used but maybe still under warranty? (General warranty, battery warranty is 8 years)