Obviously almost all EV sales to date have been buyers of new cars - I think very few of us have any interest in still owning that car for 6-8years/160k or whatever the battery/drivetrain warranty is; but on the flip side, the buyer of that 6-8yo 2nd hand EV will want to have at least some of that risk priced in.
Seems to be a good few 2017 Ioniq being sold at decent prices at the moment, I wonder if it's people jumping ship before the battery warranty runs out. The buyer essentially won't have any battery warranty left, but there aren't any older ioniqs for people to get if battery warranty is not a concern for them
I know battery failure is uncommon, but it is a possibility right? So a 2017 is worth €10k now, but if it battery fails anytime after it being 8 years old, it's potentially a financial write off unless you could get a second hand pack or maybe some on to fix individual cells(is that an option in ireland?). I suppose if you're risk adverse its probably the best time to sell.
A Model 3 LR appeared on that UK-based loveelectric leasing site I'd posted above earlier today - cost for us would have been £358 per month over 24 months for 10k miles p.a., for a car registered in June 2021 with just over 13k miles / 21k km on the clock. Gone already when I went to look at it again this evening.
Had a quick look there on the VW website, I see an ID3 is now cheaper than a Golf. To me there’s great! proper price parity now.
My parents can no longer argue that the reason for them to not consider going electric is because EVs cost more than ICEs to buy upfront.
I'll be going even if I'm not in the market for a new car. I think it is the first such initiative which give people opportunity to educate themselves on the subject. I can only see positive outcomes from participating at the event.
Anyone going to this nevo show in rds at the weekend? I'm going in bringing a few work colleagues trying to get them to convert their company car type.
Has there been any mid life update to the iPace?
just looking through the ads, they seem to range from €30k for 19/20 all the way to €88k for a 241, the latter definitely feels a bit much
Here you go - https://app.loveelectric.cars/welcome
It's for UK users, you have to register to get accurate prices, you have to get your employer on board, and the prices will vary according to your salary.
No, I mean they mentioned a car that wasn't for them but put in no link 😃
@sk8board found an article that in the UK more people are leasing cars instead of private purchases. I put that down to a predictable change based on the EV salary sacrifice schemes such as the one that @mr chips wants to use. Then @mr chips is sharing reasons for why they want to do it.
Looking at one Irish provider I could lease the same car as I'm driving now with an annual mileage of 15,000km for €930/month. That's not a very attractive offer. If a salary sacrifice lease was available I'd pay €446/month. I'm expecting to lose 20k in depreciation on the car over 3 years, so paying a 16k lease would be quite attractive. I wouldn't dream of paying €33.5k for the same lease.
😄 Definitely not naming it now!
Is this an ad for a leasing company ?
The I-Pace is a roomy, comfortable EV that drives well and gets the sort of range even in winter that would work for us. While this particular one, as essentially a new car with 250 miles on the clock, is too rich for my blood, I thought it might be worth bringing to other people's attention. It caught my eye as it's not that long since I was weighing up whether to buy outright a much older EV for shorter runs and continue running an ICE car for longer trips - the notion that we might consider the likes of an I-Pace or any other EV that could become the sole car in the household wouldn't have been realistic.
We've set our budget at around the equivalent of €350-€380 per month, which is less than what we've been spending over each of the past 12 months to run a 16 year old 2.0 diesel Mondeo. That figure includes fuel, tax, parts, maintenance and repairs, but excludes purchase and insurance (and of course there are no purchase or other upfront costs with the leasing option). Pretty much the same was true of the 2.0 diesel A6 we had before that. Fuel has been by far the biggest share of that outlay, at around 70% - that money is just as "dead" as anything we might pay towards a lease.
Since we already have a solar array at home which produces more power than our house uses for about 8 months of the year, our cost to fuel any EV will be a small fraction of what we've been paying to burn diesel (and send all sorts of horrible crud into the atmosphere). That allows us to allocate a fair chunk towards leasing costs without going beyond what we're already paying out each month. The likelihood is that a used Model 3 LR would better suit our use case, and leasing a used one is more likely to fall within our budget. NB those leasing contracts include servicing, maintenance and breakdown cover, for a car which will still have a full warranty for the entire 24 months. There's no warranty to cover the replacement DPF on the Mondeo, or the replacement timing belt, or any of those other pesky things that have to be done to keep an older car on the road.
The same leasing company has other, cheaper alternatives to that I-Pace on their site right now, e.g. several Audi E-Trons for €380/month equivalent (but the 50 rather than the 55, so lacking the range we'd need). However if another slightly older I-Pace, or Model 3 LR, or 77kWh ID4, or an MG ZS LR, or any other longer-range EV I've seen on there recently, comes up within our budget (which I think will happen more often as the year goes on), then the choice becomes about whether we want to continue paying out a chunk of money every month to run a now-17 year old Mondeo, or pay less overall to have a much newer, warranty-covered EV that will do everything the Mondeo can in terms of basic practicalities, but will be far cleaner and far more pleasant to drive, with far lower risk of any problems arising and none of the burden of resolving such problems falling on us. It's not a difficult decision.
30,000 miles... If you like it why not? People are spending money on worse.
It’s a real case of beauty being in the eye of the beholder - or “if I had €575 per month to spend on a car I’d spend it on a ….”
€13.5k in rental payments for at most 30,000km on a car first released in 2018, from an ailing manufacturer
Just to follow up on my post above re used EVs for lease under the UK's salary sacrifice scheme - I had another look on the leasing company's website just now, and there's an I-Pace registered in September 2023 with 250 miles on the clock (yes, two hundred and fifty miles and less than six months old) for lease at stg£483 per month over 24 months with a mileage limit of 10000 miles p.a. That's insanely good value for that car, but sadly too far outside of our monthly budget or we'd be all over it. Just posting here in case anyone based in NI can take advantage - fire me a PM and I'll send you the link to the company.
**NB the way the salary sacrifice scheme is structured means the higher your salary, the lower the monthly leasing cost, so your figures could be different.
I'm guessing the average speed cameras don't adjust for the variable speed limit in the tunnel
People seem to generally obey the variable limits on the M50 in my experience.
They often don't get a huge amount of choice since the limit is usually there due to a traffic jam ahead, so cars are starting to slow down anyway
Everyone I know with an EV, several people, including me and another pal who have each got two of them, is a private buyer.
But if I was based in my UK office I would 100% be going through their salary sacrifice scheme, saving a load of cash.
Whilst it's a white number in a box it's not an offence to disobey the limit. The enforceable variable speed limit will appear with the standard red circle as it does in the port tunnel.
I find people always stick to the 80km/h limit in the port tunnel, but compliance when the variable 50km/h limit kicks in is very low.
They already have variable speed limit on 1/2 the m50 and are already rolling it out to full m50. I believe breaking the speed (white number in square white box) has been made an offence.
I have already seen speed limits dropped for "red weather warning high winds" when at the time the winds/cross winds were not strong. I see the limits regularly broken by 100% of traffic and it would be dangerous to drive at posted limit when all 3 lanes are going faster.
If they started to enforce average speed limits with variable limits at least everyone would be forced to slow. I travel the Dublin port tunnel regularly and no one speeds.
That's what we're planning/hoping to do at some stage this year, should the other half's public sector employer ever get their finger out. It's been on the cards ever since she first raised it - which is about 18 months ago at this stage, but the timeline for introducing it kept being put back ("it'll be January/April/July/September/April"). The new timeline is always soon enough for us to hold back from committing to any other, less desirable used option, as the loan repayments for something like e.g. a 7 year old Ioniq (which would force us to retain a diesel car for the longer trips we take regularly) would be comparable to the monthly leasing cost on a brand new EV which could serve as the sole car in the household. It's probably because we're in NI and this was very likely one of those decisions that civil servants felt unable to take without a minister in charge, even though it's cost-neutral to the employer. Hopefully there might finally be some movement on that now, but if not then we're looking at a back-up plan - a leasing company which has started offering used EVs (3-y.o. ex-company cars etc) under the same salary-sacrifice scheme. Some of the options they have could meet our requirements for having just the one car. There were a couple of Model 3 LR on their site recently which were well under £400 per month for a three year old car with less than 15k miles on the clock. Those were snapped up in less than a day, as was an I-Pace for similar money (but triple the miles), but I think more like those will start to appear as the year progresses.
If I was in the UK I would be leasing my car through my employer instead of making a private purchase. I think you'd be a nutter to ignore the tax benefits of salary sacrifice. It's not a company car so doesn't attract BIK, but the vehicle is still owned by a leasing company.
Interesting to see that in the UK this week the car registration data shows the split in EV sales (and ICE too obviously) between private sales and company/fleet/lease/tax deductible cars - and only 35% of all EV sales are fully private sales.
”Demand for electric company cars grew by 42% in January 2024, compared with a 25% slump in private demand for EVs.”
https://www.carmagazine.co.uk/electric/ev-sales-figures-uk/
I wonder what % of Irish EV sales were fully private? Most people I know use it as a company car for lower BIK or whatever it is, or it’s tax deductible, or it’s a taxi. When I actually think about it, not that many friends with EVs are fully private buyers
I signed up too but I probably won't install the app. I was hoping they'd use something like Car2X that's loaded onto all new VWs which would be much better than another distraction on my phone
In fairness is not everyday the traffic is bad. There are days when J13-J4 is 25 mins, days when is 1h+. Yesterday was relatively bad. I think there was a breakdown and rain. Repeating "Drive with care" every 200 m makes the messages redundant and people stop paying attention to them.
Today they announced left lane blocked at J10 NB (a first for M50 usually they wouldn't say which lane is blocked), and some people were avoiding the lane, while others finding the lane emptier, were rushing to overtake the whole pack only to find themselves facing the emergency vehicles and the blocked lane. This is only slowing down everyone. Maybe if they had that message in the car they wouldn't have rushed so much to the left, although it was an illegal maneuver (disputable by some) to start with.
That is my worry alright, i.e. yellow warnings every day: "Warning M50 has congestion between Exits 1 and 20".
I'm in this program. I figured I drive the length of M50 at least twice a day, it could be useful to someone. I had to install an app and it looks like a navigator without a route. The info which is visible on the overhead displays appear on the top of the phone screen as well. There are some other info they push, one of them being the proximity to EV chargers. However, they announce even the AC chargers which are kinda useless for a motorway drive. Petrol stations are not shown. I think the idea is that in the future it should be integrated in the car so message like "Drive with care" will pop up every time it rains in Ireland.
Connected Vehicle Technology to Safeguard Road Users
How will the pilot programme operate?
TII manages the safe and efficient operation of the motorway network, 24-hours-a-day, 7-days-a-week, using existing roadside technologies, such as road sensors, emergency roadside telephones and CCTV cameras. At present, variable message signs are the primary means for communicating incident alerts to drivers. Through this pilot, however, TII will be able to use C-ITS technologies to send safety alerts – in real time – directly to drivers in their vehicles.
The safety alerts will be sent to drivers through smartphone apps connected to the mobile phone network or through tablets connected to local C-ITS roadside units installed on the M50 and M1 motorways. These devices will display messages relating to collisions, congestion, stationary vehicles, road works, and hazardous weather. They will also identify electric vehicle (EV) charging points in the vicinity of the driver.
The best part that a heat pump will dump out cold air when heating the house and hot air when cooling the house, and the exhaust will probably be pointed directly into your car
So your car gets precooled in winter and preheated in summer 🤦🏻♂️
New model launches tend to be when the new 74 plate starts in the UK which is September.