my ELECTRIC CAR has now DEPRECIATED by so much IT'S almost WORTH SCRAP VALUE!
Вставка
- Опубліковано 25 вер 2024
- my ELECTRIC CAR has now DEPRECIATED by so much IT'S almost WORTH SCRAP VALUE!
I rEVeal the true cost of owning an Electric Car.
Anyone thinking of buying an Electric Vehicle, here's some facts and figures on what it will cost you compared to the equivalent petrol or diesel.
#electriccar #evs #electricvehicle #electricvehiclesarethefuture #electricvehicles #cars #motoring
Subscribe to The MacMaster
/ themacmaster
Get The MacMaster Merchandise Here...
the-macmasters...
My 19yr old Honda FRV 2.2 Diesel still going strong. I paid £1600 for it 2yrs ago and put over 30,000 on the clock with countless trips from the North West to Gatwick and Heathrow.
I have just been offered £2000 cash for it. Save the planet, drive an old car.
How much pollution are you kicking out?
@@mikebreen2890 passes its MOT emissions with no issues. How much is are you kicking out? I presume you are an EVangleist? The greater good.....
@@mikebreen2890 how much are you kicking out when you remanufacture another car?my diesel is 20 quid to tax, based on its emissions.
@@mikebreen2890 How much pollution is kicked out in the manufacturing of EV batteries and scrapping them after 5 years?
@@asensibleyoungman2978 An even better question - how are batteries guaranteed for at least 8 years being scrapped at five years old? Now don't be so stupid as to suggest they are all scrapped at 8 years unless you also believe all ICE are scrapped at 2 years.
Ignorance makes you look a fool, educate yourself.
EV battery production has an environmental cost that is likely much lower than you think and petrol has an environmental cost that is much higher than you think. Plus EV batteries will eventually be recycled, unlike the oil you burn in your ICE.
Here's educational video for morons of all ages, hope this helps. ua-cam.com/video/P2x_iZWTotk/v-deo.html
Electric cars the truth. . .. I'm fed up
of comments from people ridiculing
EVs. They don't know what they're
talking about.
Personally, I drive two top of the
range EVs, a Jaguar and a Porsche
Their acceleration and handling is
fantastic. They look brilliant and
they're really cheap to run. They
need hardly any maintenance and
haven't depreciated since I bought
them.
Literally the only criticism I could
make of them is sometimes, if I
really push them into a corner, they
can fly off the track and get stuck
under the sofa...
And how much have they deprecated?
🤣🤣🤣 spat my brew out. I thought for a minute you were an EVanglist been taking too much Deludanol 🤣👍
As a motorcyclist, I would never consider an electric motorbike.
Yes I'm a car owner too and the same goes for that also
Give me ICE any day of the week.
Electric vehicles?.....PAAAAGHHH
@@stephenuden6403 haa haa never
🤣🤣🤣🤣🤣
You had me for a moment!
Why do Governments in every Western Democracy think they know better than the free market.What a ridiculous regulation to impose on car dealers ,'one in five cars sold has to electric'.
Apparently scrap yards in the US are now filling up with very lightly damaged EV's that no one wants to repair.
And some scap yards are now catching fire
They can fix the car but no clue on the state of the battery up to 7000 cells
You could literally sell the battery to someone for more than you could sell the whole car for … lol
I wouldn’t touch a second hand ebike let alone car.
Why not, less to go wrong than traditional car. I'd avoid the early lg battery though. LFP ones are great
Disposable cars are not green at all.
The proof is right here!!
Run far away from the EV madness!! Keep preaching the truth Mac!!
You paid £120k for a car that had a starting price of £83,500. Only the £5k you spent on the bigger battery will have added value. The other £30k of extras were for your luxury and can be pretty much written off in any second-hand value quotation.
Easy answer: Stupid is as ... Best way to watch him is with it muted. You will swear he will take-off at any moment.
It appears to me again & again that rich people tend to cry louder and also are unable to stick to the principles of the subject matter.
By spreading the words like this extreme case of not to buy EVs, the false sense can actually hurt our world.
It'd be far more beneficial for the wealthy who can afford a $120k car to help those with genuine need, not to promote people to rely on others but to actually achieve a level of self-help.
Here comes all the EV cry babies 🤣
@@chrispybee Here comes all the brain dead gas huffers.
@@chrispybee when you can balance out the context of a discussion then it becomes "them" & "us" - it's truly embarrassing that society drops to this level.
It's okay though, it's only the internet 👍
You're not buying an electric car, you're buying a really expensive battery that's attached to some car bits.
Cheapest motoring I have ever done, Washington to Sheffield and back cost me about £6 in fuel yesterday. if it were a few miles less it would have been about £2, the car was nearly fully charged from my solar.
I’m watching this video on the Greek island of Thassos. We drove here on gloriously empty roads from Bulgaria and, so far, the percentage of EVs we’ve seen is less than 5%.
Motorbikes, scooters and internal combustion engined vehicles still rule the roost here and long May that continue.
Because there aren't commercial charging stations there yet.
@@samsnead2770 Yes, there are. I've seen them outside Lidl and plenty of hotels have them.
You've done us all such a huge favour having to rough it in a Porsche for the last few years, just so that you can inform us about how bad it is. Despite reaching rock bottom with it. You continue to suffer so that the rest of us don't have to. What a legend!
😂
That's dedication.
Mister Macmaster! Lee eye watering figures indeed! The fact that dealerships DON'T want to have to keep pushing these bloody milk floats but have to so as to meet the government targets on sales really say everything people need to know 🎉
Have u read about he man in Scotland, who took Audi to court for the car not fit for purpose due to the miles been so much less than tools by salesman.
Have you watched the whatcar video on UA-cam, they test a range of EV's under controlled conditions on an oval track, not one of the heaps of shit got close to their stated range.
They are selling a lie, look at the bullshit EV adverts showing unlimited freedom, then in the real world you see loads of sad bastards stuck in shit hole carparks on the end of a cable going nowhere. Let's make a car with a crap range and make it laughably slow to charge up, what could possibly go wrong 😂
Freedom my arse, they couldn't make travelling around by car more restrictive if they tried.
Pardon?
I thought he rejected the car with the finance company using the financial ombudsman service not a court?
I think someone is twisting the story.
I’d rather buy a house for £120k, and drive around in a 10k car.
Yep
Where can you buy a house that cheap?
@@ArmadilloGodzilla Yorkshire and further North is cheaper, much cheaper
@@ArmadilloGodzilla can get houses and appartmwnts for half of 120 k all over uk / Scotland and wales
London and south London is no more of a nicer place to live that up. North
I’ve lived in Brighton and Portsmouth and Plymouth and no better than say Newcastle or Sunderland or Carlisle but the houses are 3 times the price
I sold my car to We Buy Any Car. It was the girl's last day working for them and she said she should have taken hundreds off the quoted price but said 'f**k them' and gave me full whack!
I remember selling an old Renault van to we buy any car by time they changed price once got there and there selling fee it was worthless and to top it of when walked out the unit they had the salesman had cheek to ask if had spare cigarette 💯🤣
@@brummyboy6858 Yeah, I think the girl I got was sick of ripping people off.
I just sold my 2019 1.4T Astra K, for £265 more, than I paid for it in 2020.
The government says we have to drive electric cars yet they themselves drive V8 Range Rovers.
that tells you all you need to know about politicians scum of the earth
don't forget they don't pay for the cars they use you do 😜(if you work and pay tax)
Isnt a Land Rover what Queen Elizabeth drove?
@@alanmichel613 Correct ; she self drove a Land Rover Defender, a Range Rover L332 and a Jaguar X type estate. Her son our King Charles III is still being chaffered around in her 2002 Bentley Limousines. I think I’m grossly extravagant running around in a 2007 Bentley which is expensive on service and petrol , but I feel positively sensible having seen these videos
How about this for depreciation, from New Zealand. Bought a Toyota Starlet for the wife 23 years ago, for $2500. She learned to drive in it, and we drove around 100,000 km. until someone smashed into the rear, 11 years ago.. The other drivers insurance company offered us $1500 as a right-off. Checked and that year and model were selling for more, and after taking them to the small claims tribunal ended up with $2950. Bought a 1994 Corolla for $3000, and still driving it today. If I sold it tomorrow I'd expect to get over $2000. A few years ago I had to replace a battery. Really expensive. Around $150.
Well done Lee, it is a bitter pill to swallow but keep up your crusade for all the sane ones of us out there!
‘Cover themselves in bovril and get the dog to lick it off ‘…the insults get better Lee 😅👍
I think this is the politer version as the version I'm familiar with is cover your "plums" with Bovril and let the dog lick it off.
@@eddyc3271 yeah I guess it is the milder version ..still made me laugh though 👍
Hi Lee, MOT tester here. Just to let you know what we check on electric cars. All lights, tyres, steering and suspension parts, shocks etc. We visually check the brakes for wear and do a brake performance test. We also check inside the car for some warning lights (not all) and all seat belts for condition and operation. One important tip;
Make sure the interior is nice and clean, no rubbish or kids toys everywhere as this tends to make me more critical...I'm only human after all. Good luck on the day.
There cannot be another car of any make that has depreciated so much in such a short time..The Taycan is a beautiful car it must be a pleasure to drive.. but the losses are just horrific.. Quentin Wilson is a w⚓️ and part of the EV agenda..
Just look at them all some have deprecated 35% before they’ve left the showroom.
There is
Look at the mercedes E Sprinter (electric)
£52,000 + vat = 62,000 New (without options)
2 years later lowest are £16,000 + vat
With 3000 miles on
And one more is the electric E transporter van - Similar in drop
Nothing else electric has bigger depreciation that these vehicles
@@tobycolin6271 you can understand why the vast majority of new vehicles sold now are or PCP/Lease/hire.. the RRP and depreciation is irrelevant you have x amount to spend a month fixed for 2-3 years hand the keys back then rinse repeat..
@@suzylawrence6 True but put any miles on and you're fooked too, double bag up and go again.....
I watched a good analysis on another UA-cam channel by another Taycan driver who said it’s not helping residuals that there’s a new Taycan out ; he also said that the new one is even more money partly because Porsche have priced in the cost of potential recalls given how often they have had to fix the Taycan Mk 1
paying 120,000 pounds for a car is nuts.
Yeah I agree but if you got the spare dough and it's your dream car then it's priceless! For me If I had say £120k and was told I could only buy new or old vehicles including restoration costs then there is only one car I can think of that I'd buy new the ariel nomad and with the spare change I'd buy either already restored or cars that need restored and get a few 70s ( probably a VW beetle had one as first car ) an 80s carlton 3000 gsi had one at 18 paid £75 for it 😂 was a wild 6 months before I blew the water pump! Then a classic 90s 323f gti mazda pop up head lights which in had at 20 years old, I'm sure just the nomad and the 3 cars restored to ok level would be less than 120k and worth way more ten years from now
My 1999 Ford AU depreciated for the first twenty years, for the last 5 years it has appreciated (and it still has the same range it had 25 years ago).
... and it pollutes less, than the combined pollution of manufacturing a new vehicle and fueling/charging it, and costs tens of thousands of dollars less doing so, not even counting the difference in insurance cost! Win-Win-Win ! However, it does get a bit boring driving the same vehicle for over 20 years, but that doesn't mean that the alternative needs to be a new EV either.
I guess you flip cars frequently? Most people I know buy a car and drive it until the wheels fall off, so depreciation doesn’t much matter. I guess we live in different economic strata.
easier said than done with government hiking tax and introducing ulez
Main reason for depreciation is
1- EV hate bandwagon
2- not enough info on testing used batteries and cars.
3- Fear of battery replacement cost.
Especially 3
Governments forcing dealers to sell these EVs is criminal!
Dealers should turn round and tell the government to F off 👍
Not trying to save the environment for your children is as anti human and selfish as it gets..
@@beeswaxlover electric has NOTHING to do with saving the environment U fool
@@beeswaxlover EV's cause more damage to the environment in their manufacturing and disposal processes.
@@Truth_Seeker_UK don't forget the extra damage they're doing to the roads aswell. The extra weight means they're absolutely chewing up the roads and are the reason for the sudden increase in potholes everywhere. The extra weight also means they go through way more tyres so are adding shed loads of extra micro rubber into the environment.
I’m not totally convinced that manufacturers know what to do next . It seems nobody is buying them .
Try buying a Skoda Enyaq EV with its near 12 month lead time, must be quite a few people wanting to buy them.🤷🏻♂️
@@brianstevenson9967 soon to be regretted
@@brianstevenson9967 remember the VAG group have virtually stopped making electric cars hence the wait when they will start manufacturing again .
Rich people problems.
I've only ever had 15+ YO cars. Spent the bare minimum and have never had problems.
Cheapest form of sustainable motoring.
Same, did the timing belt on my 20 year old Audi yesterday, £80 and now good to take me over the 300k mark. The ultimate way to save the planet not this electric nonsense.
You were happy to spend that crazy amount of money on the Porsche, so just keep it and use it until it's not viable to keep it any more. There's no point in selling it and taking a huge hit.
I won’t ever be getting an EV, not in the least Interested in them. Too old anyway!
Great video. Government virtue signallers bringing in these completely stupid draconian rules.
I don't know why anyone would want to buy an electric car.
Well Lee, you can always park it up and keep chickens in it. Battery hens🙄
“I can’t believe they’re pushing this agenda out!”
I can, it fits perfectly into Claus Schwab’s goal of us owning nothing and (pretending to) being happy.
Just wait until the UK both scrap subsidies and then charge road user charges. Then you will see sales plummet as seen in NZ! 262 new car EV sales in April 2024, down from over 3300 in December 2023!! Our Kia EV6 was $118k new in December 2022, we brought it last December used demo for $88k and last month were offered just $60k from one dealer while over dealers including many Kia were not interested!
Did you see the vid about the battery that needed replacing on the KIA. KIA charge around $57000 for a delivery battery. I think the 2 owners took legal action as it should've been warranty work.
EV' s the last cars we will be able to drive just a stepping stone to the no cars for us plebs agenda.
The EV Porsche is his most valuable asset, nothing else he does gets clicks, he loves it and will never get rid as its his only form of income.
my 21 year old holden commodore cost me $1000 5 years ago 2 oil changes set of brake pads and a radiator that's it nothing more 320 000 km's on clock all original drive train now that is cheap motoring, when EV's are this cost effective I might think about it
And as a special bonus you get to drive a box of 💩
And good for the environment 👍
It would be worth buying at the devalued price. What a bargain
There is an article in Germany about the Tesla factory in the north. Local villagers are really annoyed because 50 HGV car transporters with teslas have ben and are driving through their remote village in East Germany since a few months. They have been taking them to an airfield where they are being parked due to over-production. Great environmentally friendly company. 50 hGVs a day!!!!
just what I would not want to do is to loose 80% of a car's value in less than two years
But now you can buy his car for only 20%....a good deal for YOU no?
@@chadhaire1711 not when it goes wrong out of warranty
@@Truth_Seeker_UK Battery, motor & transmission 8year warranty on virtually all EV’s
EV's are the new iPhone you need a new one every September.
Imagine thinking EVs are so good when the dealers get fined if they can't sell them. What a time to be alive...
A bloke has a old car worth 5k, but has 80k in bank, yet people think he is poor. A bloke has a new 80k car, and 5k in bank, car is financed, yet people think he is doing well. Why have a flash car, that is dropping in value, on finance? Depreciation of the car + interest on the borrowed finance. It just doesnt make sense.
When I see new expensive cars I automatically assume the driver is leasing it (aka renting it) and it's going back to the lease company at the end of the term. It's all smoke and mirrors. I know a senior doctor who drives a last gen Toyota Celica (great car by the way.). A GP's salary is around £80k. He's smart.
But with all the revenue from UA-cam you can now afford the 911 petrol. So it has a definite upside
EV supporters can give examples and excuses all day long, but can't deny one simple fact: you have to arrange your life style in order to fit the EV in it, while it should be the opposite when combustion engine cars just do so perfectly.
Only if you do big Miles away from home !! Does your ice car start every day with 300 miles of range ,you can do Edinburgh to Brighton on one 30 min stop ,the person needs a break not the car.
But combustion engines will be phase out for more important reasons. We've always arranged our lifestyle to fit with what's available.
Wrong, my lifestyle hasn’t changed at all in fact it got easier.
Car is fuelled at home on driveway 99% of time. If on holiday and on really long trips my cars range is longer than my bladder capacity or my need for a meal/ Coffee, meantime my car charges whilst I cater for my bodily needs. Absolutely no difference in time taken wether it be Fossil fuelled or EV so no changes in lifestyle whatsoever.
I can't get over spending £120k on a car. Even if I could, I wouldn't.
He's got the guts at least to admit he made a mistake which is more than the dozy prats criticising him who probably have been stupid enough to buy a "milk-float" but haven't got the guts to admit it. Also fancy fining dealers if they can't sell 20% EV's from their sales - just shows how ruddy stupid this " push for green" has got!
It’s great when stupid naive people realise they are stupid and naive m… no person with a brain cell would by an EV
EV's as described by insurance companies are "throw away cars/ commodities" .... environmental nightmares.
Just think... buy an ev and do your bit for the planet: eg. During its lifetime, you'll offset the CO2 output of a chinese coal fired powered power station for about 3.5 seconds...😂
I've been to Beijing a few times on business and witnessed first hand the awful hazardous to health smog from these power stations, You could not see out of the hotel windows..
Part 2 of the video should be a total cost of ownership divided by miles travelled.
What are your expectations? Its an idiotic comparison to make.
The ignoramus sanctimonious narcissistic Machivallian Libtweaker motto
@@watto7728Yes a plane flight over China shows where the air pollution is coming from and that whatever the UK does is irrelevant.
Where you are mistaken is to consider that any general electrical device appreciates in value. It never will because electrical technology is a consumer item that is rapidly superceded. It has an eventual 'zero value'. Whereas a mechanical item holds value.
Exactly. We've seen for a century or so that every year you can get something better and cheaper than what you got last year.
the point is the EV is 400 times WORSE you dummy--did you even watch the video?
my next car will be diesel not a ev, thank you for the update.
Good luck with that one in a few short years diesel cars will be banned from most cities.
Be interesting to compare how much a 911 of equivalent price purchased at the same time is worth now
I got an amazing idea, stick a 911 turbo badge on the back of your car and double it`s value over night lol
Quentin Wilson resorting to insults suggests he doesn’t have a cogent counter argument to defend EVs.
You mean like Lee who describes ev drivers as doggers who like bovril spread in themselves 😆 amongst some of his put downs
@@GeoffSlack
To be fair he only said it's Tesla drivers that are doggers. Oh and swingers.
Now I wonder if that would stand up in court if he was sued for defamation?
He could get the Blackbeltbarrister to defend him I guess?
Wait a minute though, the BBB is a Tesla driver so maybe not!😂
On that radio show he was asked about EVs but answered with hybrid
Maybe QW will buy up all those EV bargains??
I ran my first EV for 5 years and it depreciated £1,700 although it was only £5,700 when I bought it second hand. Now 12 years old and still going with 3rd owner.
When the battery dies you would be better off to buy a new car.
Most people drive their cars until they are worn out, not flip them like pancakes. You get what you get.
Total BS. If that was the case why are they pumping out new cars everyday.. So you are telling me an 18 yr old is buying a brand new Audi..
Buy an old classic, fit a modern GPS entertainment system, don't need to install a thousand pound home charger, no charging anxiety, no sleepless nights wandering if it will catch fire in your garage, tyres last longer, can tow things, eco friendly to the road surface, only needs third part insurance, no fancy electronics, easy to maintain, fun to drive and you get far more looks and comments.
Right on! My daily driver is 1992 Range River Vogue, done 200k kilometers. Goes like a charm! Cost me 3k and puts a smile on my face!
And you still have to get someone to actually part with the cash.
Meanwhile my BMW MSport gas guzzling beast has gone up in value lol... I'm due to renew it next year and with the profit from it, I might even swap it for an even bigger gas guzzling 4x4 😎
I think you’ll find a White Elephant is worth considerably more than your car 😂
This is the reason I do only buy second hand cars. Let other people take on the depreciation 😊
you just get lumbered with the out of warranty repair costs
The Titanic held it's value better than that Crycan. 🤣🤣
Quentin Wilson hasn't a clue he's been paid off by the ev industry
Paid shill for Tesla
Probably the biggest blunder of your life buying that thing.
luckily he was intelligent enough to not buy it cash
nah, it made him a You Tube star....😂😂
Anyone who buys ev can say that its remarkable when people become ev minded even despite having had one
He bought it to create UA-cam videos which makes money.
Think.... if you buy electric Porsche....you know that sports and expensive cars are losing big money.....specially new models with new electric power.
No, like people who make dramas with their own wrong decisions.
Next time, buy electric Dacia...ok and you will not lose money......and drive cheap....
"Special brakes"😂😂😂 they sold you special brakes on an electric car😂😂😂
the massive depreciation is because they are massively overpriced.
Supply and demand
I would just like to state that i don't give a flying f@@k about EV's ? Give me a dirty ol' diesel anyday , bet i've pissed everyone off now....but i dont give a flying f##k 😂😂😂😂
Financially, it's a mistake to buy a new car.
It's a worse mistake to buy a sportscar.
But it is absolutely crazy to buy on finance.
If you need to finance it, you shouldn't have it.
It’s good to know that Neanderthal still exist to this day
Evangelists are the same people who took the 3 dart finish 💉💥💔
Exactly. And wore Face Nappies, did Social Distancing and followed all the directional arrows in shops and supermarkets
Easily fooled little sheep following the flock
Cars are rarely an investment. They are a tool that depreciates with use and age. EVs are like tying a rock to your wallet and throwing it into the ocean.
Just like most ICE cars.
@@gerryparker7699 Would you buy a 10 year old EV or a 10 year old ICE?
Why buy an electric Porsche? I never understand the stupid logic. It’s a sports car….. don’t you want to hear and feel the engine ? Weird
Lee: for your next EV video simply compare the depreciation of your car to a 911 of the same age and the same price new.
Job done.
Dont sell keep driving it you only lose money is when u sell them
Second hand Nissan Leaf's are an even bigger waste of money, It is hilarious that car dealers are still trying to get £4-6k for them. 60 miles range and still going down.
I'm glad Lee's saving the planet for the rest of us because I can't afford to do it. 😂😂😂👏🏻👏🏻🌎
EVs will soon be consigned to history. An expensive, foolish fashion.
mine wont it is brilliant last night filled up at home for the equivalent of around £1.40 a gallon.
These are the comments of someone with no Knowledge or experience of EV’s & probably never driven an EV.
I moved from a Diesel car to an EV 5 years ago. My fuel bill alone went from £2450 per year to £318 per year for electric. For me there has been no downside, the car is smoother, more quiet, faster & maintenance is virtually zero, range & charging is done at home 99% of the time so is not an issue. Nothing on earth would make me go back to cars using Dinosaur juice. They simply do not compete with EV’s especially when you consider the saving of well in excess of £2000 per year on fuel alone, it would be shear financial madness to consider anything other than an EV.
It’s like buying a computer in 1998 and trying to trade it in for a new one in 2002. You get laughed at because tech moves so fast.
Hold onto your I've cars. They'll be worth a fortune soon, unless this gov induced EV madness stops.
The depreciation on a Porsche Taycan is not the same as EVs as a whole. They are the outstanding example. It’s not representative. Something that people want (like any Tesla, or any car other than that one). That ‘one in five’ thing is total nonsense. It’s literally a lie. And the stuff about Tesla ‘not doing as well as they say’ - they made a billion dollars in Q1.
Bought my diesel estate 4 years ago for under £3k. It can do 600+ miles on a full tank and can tow my caravan to Cornwall no problem. It is still worth about £2k so the Porsche has depreciated around £80k more than mine since I bought it. Someone tell me where I can buy an electric car for under £3k that can do 600 miles on 1 charge and tow a caravan hundreds of miles etc?
are people really that stupid?? you cant compare that.. and his numbers arent mathing.. He foesnt talk about the real value.. he coubts the value, a salesman pays him.. Thats a complete diffrent thing. They sell it for profit, of course.. its not a private seller. he doesnt add the costs of petrol to a nmcombustion engine car.. the far more expensive service costs.. and the much higher costs of the taxes etc.. he lost not nearly that much what he was stating..
And you, with your garbage wagon, that lost its value 95%, is not comparable to a new car with warranty and no wear and tare. its like if i say my nokia 3210 costs only 20 usd.. and you fools buy new iphones.
Love the polestar 2
Cheapest brand new £55,000
One year later you can buy the same car for £23,000! Scary or what. A loss of £32,000 is this madness or what?
Seriously? Not even 3 year old Polestars, with 100k miles are £23k. Get your facts right.
You should ask Quentin Wilson to buy your Porsche and see what price he offers. That will expose how these EV promoters are lieing and mis selling to the public. Hopefully they can be sued in future
He would never invite Lee and Geoff on his pro-ev programme..
In 2014 I bought a Nissan Leaf. It was the most expensive car I ever bought, in terms of true cost to own. I paid $36,000 CDN$. In 2 years it was worth $12,000 CDN$ on trade. Yikes!
proves a point?🤕
Nissan's are junk!
1) Identifies asset is depreciating faster than expected.
2) Releases video and social posts complaining about the depreciation.
3) Continues to hold depreciating ’liability’ whilst telling people not to buy EVs.
4) Is shocked by how much more it’s depreciated since the last check.
5) Rinse & repeat!
🤣 the gift that keeps on giving
Because he couldn't take the hit of getting out early?
For a scalectrix the Taycan is a decent car although it's reliability is way worse than I'd have expected
And you keep coming back hahahaha
It's nice to see someone so altruistic that they work against their own self interest to save others from the same fate. Then there's YOU.
the negative equity means he needs to pay to get out of the car, he owes 20k more than the car is worth.
@@CarlyUK Why not just run the end of the contract then? If it's on lease - hand it back at the end and owe nothing, PCP - hand back at the end and owe nothing. Only issue is trying to end the contract early, which is where the non-linear depreciation curve can get you (and that's just a dumb thing to do unless you have a major financial issue, or need to make youtube content).
Slightly different if on Hire Purchase or Bank Loan but either way buying a vehicle on the more cutting edge (EV technology changes quickly and EVs "date" quicker) and expecting to retain "value" is a bad decision.
If you are the kind of guy that likes to change cars every few years then lease it. Problem solved for some. For me I drive my cars until the wheels fall off. My current BMW 328 has 179k miles on it. She's worn and ready for retirement.
Not a shot at you Lee but you can tell who here in the comments has no financial sense when it comes to cars. EV go fast, oh shit, just lost half its value, oh well EV go fast!
And are quieter. And are cleaner. And perform better. And are cheaper to run. And can be powered from my solar panels.
Don’t forget those benefits too lol.
Charging the battery doubles the cars value.
That is why EV insurance is so high slight knock right the car off. No one will repair EV’s which are accident damaged and you end up getting peanuts from the insurance company!
Check the small print of the HP agreement.
It used to be and should be still a case of when you have paid off 50% the value of the vehicle, you can drive back to where you got the vehicle and hand the keys back and owe nothing. This is what we did with our FIAT Punto 55s when Fiat Finace decided to suggest that they wanted the whole amount left owing paid within 14 days, we could never get a proper answer from them as to why they are recalling the finace. I looked into the terms of the HP agreement which is something I understand is controlled by the laws regulating HP and finance. I read that 50% of whats owed paid off, the vehicle can be returned without owing a cent more.
Quintain willson is a used car salesman. Yes, he was on top gear, but he's still a used car salesman
Its not even scrap value because they have no metal on them lol😂
I’m very happy with my Mercedes c220d diesel. £20 road tax annually. £400 to insure, good power, drives like a train !
used car ev market , No second hand car buyers will touch them, thats why ev's are stock piling
I’ve been looking for a second ev for some time. Every car I’ve saved on autotrader has sold and prices aren’t dropping. Also, as I travel around EVs are everywhere, there’s loads of them. So I guess you’re taking out of your hole.
I don't know about where you live, but here in OZ, the figures on vehicle depreciation have just been released by our two biggest motoring media outlets (Car Advice and Drive) and it's NOT good for EV owners ie:
"A study commissioned by us found electric cars, on average, lose 55 per cent of their purchase value in three years compared (compared to) 35 per cent for petrol / diesel powered vehicles. Tesla has shown higher residual values than any other brand, but others have shown even higher depreciation over the same period.
Vehicles with the lowest depreciation included Aussie perennial favorite's Toyota Landcruiser and Hilux diesel models where values actually increased"
And there you have it from down-under....
Just bought a BMW 440i convertible.....it goes brrrm brrrm brrrm craack craack and 1000km on a full tank.
Hee hee!
My local second hand dealer has 20 Teslas in stock and they're trying to promote that as a good thing. It really isn't
Why don’t you pop a link on here so we can see - otherwise you’re talking rubbish.
As mentioned in a comment regarding your previous EV adventures, I will NEVER buy an electric vehicle. Period.
You might have to if the government say manufacturers can no longer produce internal combustion engine vehicles. I hope that never happens. It was said to be by 2030, now it’s 2035, hopefully the goal posts keep moving out.
@@kellywalker4494 Now they've backed off from full electric to EV or hybrid. That's fine. I would consider a hybrid, but never full electric. I'll buy a gas powered car just before they stop selling them, and keep it running forever like the old taxis in Cuba. Lol.
Buy it, lease it, hire it, scrap it. No one dare buy a used EV now.
Never buy a EV its a total waste of money
Says someone who has probably never driven an EV and certainly never owned one. I bought my Kia e-Niro new in 2019. It's done 101,000 km and has been faultless...no oil changes or other oily bits to worry about...servicing costs half that of the equivalent Niro hybrid, much better to drive than the equivalent ICE, quicker, smoother, more responsive and much quieter...and costs pennies to run...I've saved €8,000 in not having to buy fuel. Waste of money you say...Mmm.
Relative had an ID3
Depreciation is staggering but apparently to charge away from home its 75p per unit.
9000000 homes cannot charge at home
Therefore no cheaper than petrol.
That they demonstrably are not green( emissions just relocated )makes them a joke.