I can't get over people renting a car for 3 years and it costing them £17,000+ and after all that they don't have a car. I bought a 1.5d Megane in 2010 for £4k and I still drive it.
Bought a Landrover for £1600 twenty years ago. Still got it….sustainable motoring. Not the most comfortable but it’s got climate control. If I close the ventilation flaps on the bulkhead the weather stays outside! 👍
Hello from up north, just helped push neighbours ev out of the snow. I asked what he thought about his car. "I'd give it back tomorrow if I could, it's tried to kill me several timea with random emergency stops." Is it a company car? "Yes, that's the only reason I'm not getting rid...the tax break isn't worth it." keep up the good work Tony.
Hasn't McMasters ruined the EV telling everyone on his channel that your neighbours could sue you for charging for car on your own drive and the fact his insurance for his car and house has trebled ?
No dealer has ever put a brand new delivery mileage combustion engine car in an auction, like they are having to do with all the unsellable bev to 'dispose ' of them.
My neighbour told me today that cuz of the weather, he hasn't been able to go out in his Kona EV for 3 days, saying; "its really hopeless in this snow and ice, slides all over the show"
Do a measurement of the earth's curvature. Nobody has ever achieved it! It should be 8 inches per mile squared. Lots of photos of things visible that should be hidden below the horizon. You're welcome.
As a cyclist, I'm against EVs & LTNs & ULEZ. Let people go about there daily lives as they please, were only going to work and then your trying to catch us speeding giving out speeding tickets. The government and our country is a shame state.
Well said and its a worry how quite they are for a blind or poor sighted person. As a Electrician the grid and cables coming into ours houses can’t take all electric. Plus now they starting to say you can’t mount charges onto the commercial building and that will follow on houses i can see. Your house insurance will go up too
GREAT video!!!!! So the next big thing is how much depreciation will there be on 3 year old EV cars ( between 3 and 6 years). The whole thing is horrifying...
Must be like buying a three legged horse , and entering it into a race then finding out it has to have a bucket of oats every 100 meters . And finally when everyone has gone home , it crosses the finishing line . At which point the vet comes along and says , sorry but I’ve got to put the poor thing down . And the moral is check if it’s got the legs so stay the course . 😂
I simply cannot get my head around spending SO much money for a car. My everyday driver cost me about 6,000 pounds in 2005 I have taken care of it and serviced it myself and it will last a good few more years yet.
A neighbour had a diesel Focus Fignale he leased it paying about £400 A month he has limited mileage and it spends all week in his garage and comes out to be washed and just run out occasionally. But he got rid of it after 3 years and immediately took out another. Doesn't make sense.
I have two vehicles, the first one, a twenty seven year old petrol sedan still has a market value of 50% from new price. The second a 4x4 diesel twenty three years old, market value of 80% from new price. The key is, finding a popular well engineered vehicle with a track record of reliability. Purchase when second hand after the initial depreciation, service and maintain and you will come out ahead. Buying a new car every few years is a never ending roundabout. The average person can't build financial security with the constant loss of this level of depreciation. Depreciated value or book value is calculated by the auto industry and insurance companies which have a vested interest in keeping values low. Never think of a motor vehicle as financial asset.
@AquaMarine1000 not necessarily so - some cars and motorcycles are very good investments - the trick is working out what is going to be desirable...ive had a few motorcycles that certainly had increased in value...or bought at a low market point, and kept until the market improved.
Also have to consider anyone who bought one and lost all the money may not have the equity to buy a new car. My father-in-law used to change his car every three years using the equity from his old car to trade in as the deposit to get a new car.
Norway are showing how it should be done. _Vast_ subsidies for EV purchases and _Huge_ investment in EV charging infrastructure. (all paid for by selling oil and gas to everyone else... for the environment.)
They are only showing how they can brutally price out ICE vehicles while heavily subsidising EVs from their oil revenue. No other country is in a similar position. Sensible countries would still put their own citizens above false agendas.
So, sponsorship of unprofitable business with the taxpayers money. Fantastic! BTW. In Norway most people have CE cars, still. EV is never the only car.
@@fredmercury1314 They are heavily penalising ICE and subsidising EVs. They are harming their own citizens in pursuit of a false agenda. What’s exemplary in that?!
The only end of this is the end of the motor industry in the UK with the end of thousands of car manufacturing jobs permanently, the start of the biggest depression all because this government not just gave the keg but the whole of the UK tk those in Davos!!
Fiat in America are offering the 500e for $0.00 down, and $0.00 per month. All you pay is the sales tax, and the dealer gets some sort of reach around from the government. It'll be interesting to see how many people take them up on that. My guess is not many, despite it being essentially a free car.
the bit about slow depreciation of EVs on Google is a load of BS. look at TH-cam channel of Macmaster, those brand-new Porsche EVs Taycans literally depreciated to zero the moment a new model was released and were not supported technically or mechanically by the dealer. What a load of shit for 60k, they are disposable.
If you’re thinking of buying a used EV, just remember it’s not only the battery that’s a concern. Having owned big heavy ICE cars, the suspension will usually need a lot of work after about 5 years as the weight hammers the joints.
For the buying public that's a good thing. The cheaper the better for all the people that can't buy any type of car new. I realise it's a difficult for car dealers. The pc dealers had the same problem with prices dropping all the time for faster better products. But i don't have any sympathy with dealers because they want to take as much money out of pocket as they can.
The prices you quoted are retail prices not the wholesale prices that the dealer will actually pay for the ev as they have to put their mark up on plus any other expenses, so knock at least a few grand off the retail price and it doesn't get any better. 😅
Hello Tony. ipace looses 12k per year for the first 3 years ie 36k . I bought a brand new vectra diesel in december 2007 for 12k still got it 79k on the clock. Ok it's not going to give me a prick stand when it comes to performance but it does 50 plus on a run has towed a caravan all over the uk for 12 years and has even done a europe 16 day trip and got me to gibralter. and 6 lap of the nurbergring for my 40th. Am i planning to get rid of it' am i fuck.
My car, sure it's held together with duck tape and hope. But my 2009 Insignia which does nearly 60mpg I paid £2000 for it. I have to pay the clean air zones but the 20mpg Luton hire vans I use for work I don't have to pay. Most of the EV's you see are because of government subsidies, The government pays for things in 3 ways via tax, debt and inflation. so we all are paying heavy cost for reckless government policies.
Great video and I love the channel but on this one I would have to say the most of these cars depreciated before the first numberplate was put on them. The likes of the Citeron the dealer had to drop well below from the recomended retail price just to sell them
We have just visited the cashpoint twice and got us a 21 year old Picasso in DIESEL. That is the way to go. David and Lily. I lived in St Austell for 4 months and survived.
Hi Any old car will do for me as long as its Diesel running a 2007 Megane 1.5 paid £1.500 6 years ago still going strong fill the tank and just go, No EV for me I could not afford to loose all that cash!!!!!!!!!!!!!!! sooner pay for fish and chips at least it leaves a nice taste in the mouth afterwards.
Thanks for the real information. I'll keep my 18y/o V6 bought for AU$6000 3yrs ago prIce now AU$7500 old petrol car prices are on the up people don't want EVs(try driving 5000km in the desert running out of charge) , & won't risk investing in a car that made get legislated out of use.
I've just received the tax reminder for my Toyota Aygo (petrol, of course) and my options on the V11 are, £20 12 months, or £21 monthly. As times are hard and money is tight, I decided to pay monthly this time.
The stupid thing is MG is that the MG3 is a fine little basic car, the new replacement MG3 is a hybrid and now 22k! And they wonder why owners of the previous model don't want to pay double for a newer car
A car is not a financial investment!!! Everybody knows that especially buying a brand new one. You pay what you can afford and buy the right vehicle for your needs! How you look after it and miles you put on it, even the colour you ordered will reflect the price you are offered if you trade it for another car. You should know before you start what the total cost will be and then decide if the car within my budget is worth spending X amount of money it will cost over time you keep it. The best value plan is to run until it's end! Or trade it every two or three years. If anyone is shocked at a big unexpected loss it's your fault!
I think we all know that...not really the point of the video though...which is...Google and the EV cultists say that EV's don't lose money as fast ICE cars...Tony just proved that false. 👍🏻
Buy used ICE! Australia and we bought a 2013 Hyundai i30 CRDi Premium used @ 103,000Km's in 2017 for AU$14,800 driveaway. GREAT car!! Nothing ever went wrong with it when we sold it @ 198,000Km's in Jan 2024 for AU$13,500.00. That's not much depreciation over 7 years or AU$185.00 a year. And it was still gorgeous and good for another 250,000 Km's no worries. Great videos. EV's/Hybrids etc are shyte.
An interesting perspective - there are other explanations. (1) The EVs that were being sold 3 years ago were over priced by around 20%. The manufacturers were price lining the market. (2) There were government EV incentives that reduced the MSRP. it is the price after the EV subsidy that you should use for depreciation. (3) Over the past 3 years more EVs have become available and the later ones have a greater range. These longer range cars then force down the market value of any lesser range cars (new or used).
On the strength of your discounted purchase price of EV's video it appears EV's start depreciating before you even buy them by quite a lot. I can't remember the figures but 20% sounds about right on average, pretty impressive for a vehicle to depreciate before it's even been sold new.
three quarter through your vid came an advert from autotrader telling me about all the wonderful electric cars on their website, how did you manage that?
In Australia, small EVs now cost the same as equivalent petrol cars and A$6,000 cheaper than hybrids. Used EVs have been dropping but the new EVs have been coming down in price so quickly. The BYD base EV is now A$29,900. Cheap second-hand EVs are fantastic news for the ordinary drivers who need reliable, cheap cars.
With you all the way Tony, EXCEPT for the F Pace. They are superb cars and for that style of car handle brilliantly. A serious offer I’ll bring my SVR down to Cornwall and see if you think 550 hp, 0-62 in 3.8 and 700nm of torque is bland!!! You’ve obviously never driven one mate. Mind you to drive it now you do have to wear pink stilletoes, eye liner and lip gloss. Let me know if you want to take me up on the offer.
It doesn't matter how quickly or slowly EVs lose money, as I'll never own one. With petrol engined cars, it doesn't matter either, as I'll keep driving mine, and enjoying the experience.
Should have compared the Mach E to a proper mustang. My 2020 Mustang Bullitt depreciated from £50k to £44k in 2024 (which was when I bought it) so 12%, slightly better than the Mach E 53% 😂 (and 4 years vs 3!)
What you have to take into account as well is the EV’s that are sitting on the perspective shown room floors have the dealer markups on them so you ain’t getting the price you’ve just went through for trade in😮 dealer markups are generally 2k+ so your trade in value is a lot less than windows ticket prices🤷♂️
I saw an offer on a brand new mazda ev yesterday, 0% over 4 years i think it was £30k odd new, second hand and one year old you can get the same one for £14k with 1000 miles on the clock. 50% deprecation. No thanks.
EVangelists still won't have it though! Question is, at 3 years old, are they a bargain? Surely the price can't go down any more? It must level off somewhat?
If 3 year old EVs don't sell and sit in storage they will still depreciate quickly because the batteries in them will still continue to degrade over time.
@@sargfowler9603 and people still won't buy them. The tech in them gets outdated and unsupported. Only specialist vehicle techs or main dealers can maintain them, parts are very expensive or unobtainable. People who buy used cars with their own money will be reluctant to take the risk. I can see EVs still unsold at 8 years old and their batteries being stripped out and reused as storage for solar panels.
Who knew, new technology sells for more initially and depreciates as the tech improves quickly, mass production reduces costs and material costs reduce. This happens with any early adopter tech. Autotrader state that the best selling segment of vehicles is 3-5 year old EV's.
I asked Brave Search "average depreciation of EV cars" Average Electric Vehicle Depreciation Electric vehicles (EVs) generally depreciate faster than internal combustion engine (ICE) vehicles. According to recent studies, the average five-year depreciation rate for EVs is around 49.1%, which is higher than the depreciation rates for ICE vehicles. However, the depreciation rate can vary significantly depending on the specific model and brand. For instance, Tesla models tend to depreciate less, with the Model S and Model X depreciating by 36.3% and 33.9% respectively after five years. Factors contributing to higher depreciation rates for EVs include technological advancements leading to faster obsolescence, higher initial costs, and fluctuating battery health concerns.
Initially ev dont depreciate as fast until you hit 3 year and all of the sudden you have to start taking into account a battery replacement. Most standard leases are 3 years so expect a great drop in value if you leased it.
Oh its far worse than that. The prices you're looking at are what they are advertised for. I have friends who run a car supermarket. The general thinking when an ev comes in is they will expect it to continue to depreciate heavily even sitting there so if someone comes in with anything like a reasonable offer they will take it. Another catch to it is that its easy for them to upsell warranty extensions because of people's reliability concerns. On top of that they get a kickback on their tax because they are operating a business thats "less polluting" apparently. Oh and the kickback on the finance which more people need since the ev's are so much more expensive in the first place. Then there was another grant to have chargers installed. Then they get a tax break on their electricity because some of it is used to charge cars. Honestly its all just playing the game.
Are used ice cars being kept at artificially high prices to put us off buying them & financially force us in to shite milk floats. Also goes for very high prices on new ice cars. Vans are ridiculously high, to replace my transit like for like it would cost £50,000! Future my arse!
Used ice prices are high because there aren't enough 3 y.o. ones coming onto the market. Every ev sold or leased is one less ice used ice car in 3 years time. No one wants a used ev so ice prices remain high.
imagine what the dealer gave as trade in on any of these, so in actual fact your loss will be greater, dealers have at least 2grand in the pot if the mg was retailed at 10 g in the caryard they only gave a trade in of 7-8 g
I can't get over people renting a car for 3 years and it costing them £17,000+ and after all that they don't have a car. I bought a 1.5d Megane in 2010 for £4k and I still drive it.
@@davelowe1977 well spoken.. I prefer a cheaper used car that I actually own and I own an EV bought cheap just before lockdown.
Bought a Landrover for £1600 twenty years ago. Still got it….sustainable motoring. Not the most comfortable but it’s got climate control. If I close the ventilation flaps on the bulkhead the weather stays outside! 👍
@@mikesmith5083 nice one
But they get a fancy badge on the front.... also they get restricted mileage for that 17k
It's why they stay poor
The only thing that goes down faster than an EV price is a Labour Mp’s reputation as being honest. 😂
@@Caneandunable There going over to China right now so expect more cheaper Chinese EVs
@@Andy-e8n7gis great for the consumer. Better products on the market at far better prices
Politicians have never had a reputation for being honest. The House of Commons is like having 650 Robert Llewelyns all in one place.
There's me thinking it was Starmer at a BLM protest 😂😂😂
And the Tory's were honest? Wake up sunshine.
EVs are flying off the shelf! Only because the shelf has collapsed under the weight!
😂
Ev second hand car sales are as boyant as the Titanic. 😂
Hello from up north, just helped push neighbours ev out of the snow. I asked what he thought about his car. "I'd give it back tomorrow if I could, it's tried to kill me several timea with random emergency stops." Is it a company car? "Yes, that's the only reason I'm not getting rid...the tax break isn't worth it." keep up the good work Tony.
So your neighbour thinks his tax break is worth more than his life? Well, I guess he knows best.
Thing is Tone, even with this depreciation, they still ain't selling!
Buying a huge exploding cluster of batteries on wheels is generally considered to be a bad idea.
EV = Exothermic Vehicle 👍
@@mikeandhev EV= Extremely Volatile
Hasn't McMasters ruined the EV telling everyone on his channel that your neighbours could sue you for charging for car on your own drive and the fact his insurance for his car and house has trebled ?
Another good reason not to buy a milk float
Lmfao, if Maga hadn’t won he’d be on a unlimited all inclusive in Guantanamo bay resort this summer😂
Hold on. Are you telling me if I have a 7kwh home car charger installed my home insurance is going to increase substantially?
@change2023now I am not watch McMasters video .
@@change2023now yes
They depreciate BEFORE they are sold look at the dealer discounts!!!!
That's true with most cars except Tesla
No dealer has ever put a brand new delivery mileage combustion engine car in an auction, like they are having to do with all the unsellable bev to 'dispose ' of them.
@@dps615 How many times did Tesla cut the retail price of their cars last year? It's just another form of depreciation.
@@dps615tesla does it heaps
@@saxon-mt5byTesla did it because they can undercut others while still making a profit.
The only thing E V cars do slowly is a long journey.
Good to know they charge quickly then 😂
I have car salesman neighbour who says can't give the secondhand ev's away.
@@mauriceleach7721 same story from one that I know.
In Ireland many dealers won’t take them in PX.
Chuck one my way then
@@karlhulme8014 Same in the UK nobody wants them. main dealers get saddled with them but everyone else doesn't want them.
@@gravemind6536 I do
My neighbour told me today that cuz of the weather, he hasn't been able to go out in his Kona EV for 3 days, saying; "its really hopeless in this snow and ice, slides all over the show"
What about heating the vehicle in this cold weather?
@@ScotmanUK2000Well he could always set fire to it I suppose 😂
Like any car with summer tyres. Cool story bro
@@Sammy-lw1nsjust done a 250 mile round trip in my mps4s in sleet and snow, no issues?
Too much torque and summer tyres, a recipe for disaster.
Only just recently found this channel...Informative and amusing....Now liked and subscribed...Keep the facts coming mate....Future my arse...
EVangelists are like flat earthers. Show them the truth and they will just deny it.
And yet evs are the product of a globalist agenda, the irony 🤣
Read Samuel Rowbotham and Edward Hendrie, then come back!
Do a measurement of the earth's curvature. Nobody has ever achieved it! It should be 8 inches per mile squared. Lots of photos of things visible that should be hidden below the horizon. You're welcome.
@andrewbullman5206 You didn't go to school did you?
@@ComeJesusChrist And the Earth is 6,000 years old 🤣🤣🤣
Only the government can lose those amounts and call it the future of sustainable losses.
Yea cos they spend OUR money prepping it up without bothering to ask US if it’s what we want
As a cyclist, I'm against EVs & LTNs & ULEZ. Let people go about there daily lives as they please, were only going to work and then your trying to catch us speeding giving out speeding tickets. The government and our country is a shame state.
Exactly, the possible use case scenario for most EV's is city driving, where you should, could, walk, cycle or take public transport!
Have you not realise your not wanted on their planet yet then ,a flexing of control and power
Well said and its a worry how quite they are for a blind or poor sighted person.
As a Electrician the grid and cables coming into ours houses can’t take all electric.
Plus now they starting to say you can’t mount charges onto the commercial building and that will follow on houses i can see.
Your house insurance will go up too
Are you mad. I hate cycling on the roads. The fumes that come out of the exhausts on ICE cars stinks as they accelerate to overtake you.
@@Rexbilly9819pedal faster!😂
Another interesting one tony, yep, still not buying one, they're still crap 😂
ICE Rules 👍
GREAT video!!!!! So the next big thing is how much depreciation will there be on 3 year old EV cars ( between 3 and 6 years). The whole thing is horrifying...
Must be like buying a three legged horse , and entering it into a race then finding out it has to have a bucket of oats every 100 meters . And finally when everyone has gone home , it crosses the finishing line . At which point the vet comes along and says , sorry but I’ve got to put the poor thing down . And the moral is check if it’s got the legs so stay the course . 😂
Totally agree tony future my arse
great vid mate
I feel for the MacMaster and his ludicrously depreciating EV Porsche Taycan
I thought he didn't have it anymore or was that just his clickbait?
@@hendongooner7383 It's leased.. so not really a problem.
@@tims9434 he cant sell it because no one wants a used tycan with the letter that Porsche fucked up the battery.
They are around $60k here for a 3 year old car lol. But that is not what you get when you trade it in, is probably more like $4-50k
You feel sorry for him? I don't.
Brilliant video. Cold hard facts here!
I simply cannot get my head around spending SO much money for a car. My everyday driver cost me about 6,000 pounds in 2005 I have taken care of it and serviced it myself and it will last a good few more years yet.
No one in their right mind (foe at least the last 10 years) would ever buy a jaguar. They're utter shite
Nailed it 110%. But the EV cultists still won’t get it.
Waiting to hear Motability has collapsed! Crippled by depreciation.
A neighbour had a diesel Focus Fignale he leased it paying about £400 A month he has limited mileage and it spends all week in his garage and comes out to be washed and just run out occasionally. But he got rid of it after 3 years and immediately took out another. Doesn't make sense.
He would of been better off buying a used 3 yr old one and keeping it until it drops to
Pieces
@@bmwman1981 with no mileage restrictions either.
I have two vehicles, the first one, a twenty seven year old petrol sedan still has a market value of 50% from new price. The second a 4x4 diesel twenty three years old, market value of 80% from new price. The key is, finding a popular well engineered vehicle with a track record of reliability. Purchase when second hand after the initial depreciation, service and maintain and you will come out ahead. Buying a new car every few years is a never ending roundabout. The average person can't build financial security with the constant loss of this level of depreciation. Depreciated value or book value is calculated by the auto industry and insurance companies which have a vested interest in keeping values low. Never think of a motor vehicle as financial asset.
@AquaMarine1000 not necessarily so - some cars and motorcycles are very good investments - the trick is working out what is going to be desirable...ive had a few motorcycles that certainly had increased in value...or bought at a low market point, and kept until the market improved.
Also have to consider anyone who bought one and lost all the money may not have the equity to buy a new car. My father-in-law used to change his car every three years using the equity from his old car to trade in as the deposit to get a new car.
Norway are showing how it should be done.
_Vast_ subsidies for EV purchases and _Huge_ investment in EV charging infrastructure.
(all paid for by selling oil and gas to everyone else... for the environment.)
Yeah, state-sponsored hypocrisy.
They are only showing how they can brutally price out ICE vehicles while heavily subsidising EVs from their oil revenue. No other country is in a similar position. Sensible countries would still put their own citizens above false agendas.
So, sponsorship of unprofitable business with the taxpayers money. Fantastic! BTW. In Norway most people have CE cars, still. EV is never the only car.
@@fredmercury1314 They are heavily penalising ICE and subsidising EVs. They are harming their own citizens in pursuit of a false agenda. What’s exemplary in that?!
Norway, and the money for those subsidies comes from wait for it wait for it oil and gas WOW
Autotrader tells me my eight year old GOLF gti is still worth 60% of what I paid brand new. Noice.
Lets all buy a Temu Milk Float
The only end of this is the end of the motor industry in the UK with the end of thousands of car manufacturing jobs permanently, the start of the biggest depression all because this government not just gave the keg but the whole of the UK tk those in Davos!!
I think if you compare EVs with appliances, you will see that they have the same decrease in value...😂
Fiat in America are offering the 500e for $0.00 down, and $0.00 per month. All you pay is the sales tax, and the dealer gets some sort of reach around from the government. It'll be interesting to see how many people take them up on that. My guess is not many, despite it being essentially a free car.
Be okay for a little city car to keep the miles off your nicer car or just as a family pool car. Can't see much use it in though really.
Not saying I don't believe you, but could you post a link for that please.
the bit about slow depreciation of EVs on Google is a load of BS. look at TH-cam channel of Macmaster, those brand-new Porsche EVs Taycans literally depreciated to zero the moment a new model was released and were not supported technically or mechanically by the dealer. What a load of shit for 60k, they are disposable.
To be fair, lease companies don't pay anything like list price, and I suspect they received bigger discounts on EVs than ICE cars
If you’re thinking of buying a used EV, just remember it’s not only the battery that’s a concern. Having owned big heavy ICE cars, the suspension will usually need a lot of work after about 5 years as the weight hammers the joints.
For the buying public that's a good thing. The cheaper the better for all the people that can't buy any type of car new. I realise it's a difficult for car dealers. The pc dealers had the same problem with prices dropping all the time for faster better products. But i don't have any sympathy with dealers because they want to take as much money out of pocket as they can.
That was very informative and proved, if we needed it, that depreciation between petrol and EV is vast! 😮😮
The prices you quoted are retail prices not the wholesale prices that the dealer will actually pay for the ev as they have to put their mark up on plus any other expenses, so knock at least a few grand off the retail price and it doesn't get any better. 😅
Love watching your videos 👍
(Tesla owner)
The MacMaster's Taycan lost 90,000 pounds in three years, wonderful.
Hello Tony. ipace looses 12k per year for the first 3 years ie 36k . I bought a brand new vectra diesel in december 2007 for 12k still got it 79k on the clock. Ok it's not going to give me a prick stand when it comes to performance but it does 50 plus on a run has towed a caravan all over the uk for 12 years and has even done a europe 16 day trip and got me to gibralter. and 6 lap of the nurbergring for my 40th. Am i planning to get rid of it' am i fuck.
I wonder how the EVs are coping in Los Angeles in the Evacuation?
I wonder if one caused the fires to occur?
My car, sure it's held together with duck tape and hope. But my 2009 Insignia which does nearly 60mpg I paid £2000 for it. I have to pay the clean air zones but the 20mpg Luton hire vans I use for work I don't have to pay. Most of the EV's you see are because of government subsidies, The government pays for things in 3 ways via tax, debt and inflation. so we all are paying heavy cost for reckless government policies.
Great video and I love the channel but on this one I would have to say the most of these cars depreciated before the first numberplate was put on them. The likes of the Citeron the dealer had to drop well below from the recomended retail price just to sell them
That's the case now, but back in 2022 the only 'discount' was the government subsidy.
Just buying a new Range Rover 5 litre V8 supercharged, salesman was upset when he asked for my preference and I told him ‘petrol, not any EV shite’ !
The EV bullshit mounts up 🆙 so fast you need wings to stay above it.
We have just visited the cashpoint twice and got us a 21 year old Picasso in DIESEL.
That is the way to go.
David and Lily. I lived in St Austell for 4 months and survived.
Hi
Any old car will do for me as long as its Diesel running a 2007 Megane 1.5 paid £1.500 6 years ago still going strong fill the tank and just go, No EV for me I could not afford to loose all that cash!!!!!!!!!!!!!!! sooner pay for fish and chips at least it leaves a nice taste in the mouth afterwards.
Have you considered adding a countdown to getting your license back? It will be fun for us to follow along.
Done!
@@Evcarnage and your next insurance quote?
Great channel, keep up the good work. It makes me laugh every time 😂 there's some lovely milk floats on the market
Thanks for the real information. I'll keep my 18y/o V6 bought for AU$6000 3yrs ago prIce now AU$7500 old petrol car prices are on the up people don't want EVs(try driving 5000km in the desert running out of charge) , & won't risk investing in a car that made get legislated out of use.
I've just received the tax reminder for my Toyota Aygo (petrol, of course) and my options on the V11 are, £20 12 months, or £21 monthly. As times are hard and money is tight, I decided to pay monthly this time.
The Evangelist are in a cult li ke the cyclist cult
What a good comment
Ev crap 💩
The stupid thing is MG is that the MG3 is a fine little basic car, the new replacement MG3 is a hybrid and now 22k! And they wonder why owners of the previous model don't want to pay double for a newer car
A car is not a financial investment!!! Everybody knows that especially buying a brand new one. You pay what you can afford and buy the right vehicle for your needs! How you look after it and miles you put on it, even the colour you ordered will reflect the price you are offered if you trade it for another car. You should know before you start what the total cost will be and then decide if the car within my budget is worth spending X amount of money it will cost over time you keep it. The best value plan is to run until it's end! Or trade it every two or three years. If anyone is shocked at a big unexpected loss it's your fault!
I think we all know that...not really the point of the video though...which is...Google and the EV cultists say that EV's don't lose money as fast ICE cars...Tony just proved that false. 👍🏻
You should do video with Barry Crampton
Agree!!!
I love the life of Brian analogy,
Buy used ICE! Australia and we bought a 2013 Hyundai i30 CRDi Premium used @ 103,000Km's in 2017 for AU$14,800 driveaway. GREAT car!! Nothing ever went wrong with it when we sold it @ 198,000Km's in Jan 2024 for AU$13,500.00. That's not much depreciation over 7 years or AU$185.00 a year. And it was still gorgeous and good for another 250,000 Km's no worries. Great videos. EV's/Hybrids etc are shyte.
AI? Nothing has changed with computers! Garbage in, garbage out!
VW ID.3 - New $42k here, now $25k, and that car has 42000km on the clock lol. Only $4 / 10km to drive in devaluation.
An interesting perspective - there are other explanations. (1) The EVs that were being sold 3 years ago were over priced by around 20%. The manufacturers were price lining the market. (2) There were government EV incentives that reduced the MSRP. it is the price after the EV subsidy that you should use for depreciation. (3) Over the past 3 years more EVs have become available and the later ones have a greater range. These longer range cars then force down the market value of any lesser range cars (new or used).
Another great factual video Tony......N W O .......future my arse
Keep these videos coming mate 💯
Very detailed and informative.
BRAVO 😂!!! Yet again, proving the " Electric" con is still amongst us.... 😂😂 you're not getting my hard earned 🤭
I have never understood PCP deals. You spend years paying installments and at the end of it you own nothing. Seems like a very poor deal to me.
On the strength of your discounted purchase price of EV's video it appears EV's start depreciating before you even buy them by quite a lot. I can't remember the figures but 20% sounds about right on average, pretty impressive for a vehicle to depreciate before it's even been sold new.
three quarter through your vid came an advert from autotrader telling me about all the wonderful electric cars on their website, how did you manage that?
In Australia, small EVs now cost the same as equivalent petrol cars and A$6,000 cheaper than hybrids. Used EVs have been dropping but the new EVs have been coming down in price so quickly. The BYD base EV is now A$29,900. Cheap second-hand EVs are fantastic news for the ordinary drivers who need reliable, cheap cars.
With you all the way Tony, EXCEPT for the F Pace. They are superb cars and for that style of car handle brilliantly. A serious offer I’ll bring my SVR down to Cornwall and see if you think 550 hp, 0-62 in 3.8 and 700nm of torque is bland!!! You’ve obviously never driven one mate. Mind you to drive it now you do have to wear pink stilletoes, eye liner and lip gloss. Let me know if you want to take me up on the offer.
Great stuff 👍🇬🇧
For Every EV car you'll find someone who has been fully vaccinated.
😂🎉
Peugeot near me were doing EV 208's for 18k new, Only 15 grand off list 🤣
@@-DC- So no longer inflated, I'll get one
Currently studying at Uni so I can be stupid enuf to buy an EV.. 😂
Great video! With that accent you must be from down my way me ansom
It doesn't matter how quickly or slowly EVs lose money, as I'll never own one.
With petrol engined cars, it doesn't matter either, as I'll keep driving mine, and enjoying the experience.
Thanks Mr T, great satire
EV's will be abandoned within 15 years , that's already planned.
Should have compared the Mach E to a proper mustang. My 2020 Mustang Bullitt depreciated from £50k to £44k in 2024 (which was when I bought it) so 12%, slightly better than the Mach E 53% 😂 (and 4 years vs 3!)
What you have to take into account as well is the EV’s that are sitting on the perspective shown room floors have the dealer markups on them so you ain’t getting the price you’ve just went through for trade in😮 dealer markups are generally 2k+ so your trade in value is a lot less than windows ticket prices🤷♂️
I saw an offer on a brand new mazda ev yesterday, 0% over 4 years i think it was £30k odd new, second hand and one year old you can get the same one for £14k with 1000 miles on the clock. 50% deprecation. No thanks.
Imagin how clever Lewellyn feels
EVangelists still won't have it though!
Question is, at 3 years old, are they a bargain? Surely the price can't go down any more? It must level off somewhat?
If 3 year old EVs don't sell and sit in storage they will still depreciate quickly because the batteries in them will still continue to degrade over time.
@@tommaguzzi1723 But you get 8 year warranty on most. So you could keep a 3 year old 3 years and there would be 2 years warranty left on the battery.
@@sargfowler9603 and people still won't buy them. The tech in them gets outdated and unsupported. Only specialist vehicle techs or main dealers can maintain them, parts are very expensive or unobtainable. People who buy used cars with their own money will be reluctant to take the risk. I can see EVs still unsold at 8 years old and their batteries being stripped out and reused as storage for solar panels.
Lies Lies Dann Statistics Lies.. Huge uptick in Range Rover (ICE) sales... Weep you EV salespersons...
If you don't mind the increased payments it best to have on hp then half way through give it back.
Who knew, new technology sells for more initially and depreciates as the tech improves quickly, mass production reduces costs and material costs reduce.
This happens with any early adopter tech.
Autotrader state that the best selling segment of vehicles is 3-5 year old EV's.
I asked Brave Search "average depreciation of EV cars"
Average Electric Vehicle Depreciation
Electric vehicles (EVs) generally depreciate faster than internal combustion engine (ICE) vehicles. According to recent studies, the average five-year depreciation rate for EVs is around 49.1%, which is higher than the depreciation rates for ICE vehicles. However, the depreciation rate can vary significantly depending on the specific model and brand. For instance, Tesla models tend to depreciate less, with the Model S and Model X depreciating by 36.3% and 33.9% respectively after five years. Factors contributing to higher depreciation rates for EVs include technological advancements leading to faster obsolescence, higher initial costs, and fluctuating battery health concerns.
The AI probably meant that EVs depreciate slower if you exclude the batteries, computers, and tyres.
Should have done the Porsche Taycan.
No, because we would have all pissed ourself with laughter.
Initially ev dont depreciate as fast until you hit 3 year and all of the sudden you have to start taking into account a battery replacement. Most standard leases are 3 years so expect a great drop in value if you leased it.
Oh its far worse than that. The prices you're looking at are what they are advertised for. I have friends who run a car supermarket. The general thinking when an ev comes in is they will expect it to continue to depreciate heavily even sitting there so if someone comes in with anything like a reasonable offer they will take it. Another catch to it is that its easy for them to upsell warranty extensions because of people's reliability concerns. On top of that they get a kickback on their tax because they are operating a business thats "less polluting" apparently. Oh and the kickback on the finance which more people need since the ev's are so much more expensive in the first place. Then there was another grant to have chargers installed. Then they get a tax break on their electricity because some of it is used to charge cars.
Honestly its all just playing the game.
Are used ice cars being kept at artificially high prices to put us off buying them & financially force us in to shite milk floats. Also goes for very high prices on new ice cars. Vans are ridiculously high, to replace my transit like for like it would cost £50,000! Future my arse!
Used ice prices are high because there aren't enough 3 y.o. ones coming onto the market. Every ev sold or leased is one less ice used ice car in 3 years time. No one wants a used ev so ice prices remain high.
Whats the offset against running costs?
imagine what the dealer gave as trade in on any of these, so in actual fact your loss will be greater, dealers have at least 2grand in the pot if the mg was retailed at 10 g in the caryard they only gave a trade in of 7-8 g
Good Job .