MG4 Electric

[dmsims]

You can have a stty Diesel Evoque for £6180 p.a. + maintenance and insurance

jimmytheone said:

£4k p/a for an MG?
I thought those prices were reserved for LR products in London!

[clockworks]

jimmytheone said:

£4k p/a for an MG?
I thought those prices were reserved for LR products in London!

I did a search for MG4 X Power insurance last week. Best quotes were just under £500. 66, clean licence, full NCB, no fault claims ever, Cornwall.
For comparison, a top spec Trophy version was £400, and I'm currently paying £220 for a C3 Aircross, couple of quid more for a Picanto turbo.

Not cheap, but not out of order for the performance I think. I paid £400 15 months ago for an M140i.

[Tycho]

dmsims said:

You can have a stty Diesel Evoque for £6180 p.a. + maintenance and insurance

jimmytheone said:

£4k p/a for an MG?
I thought those prices were reserved for LR products in London!

Don't tell him how much a Tesla would cost for the same!

[jimmytheone]

Tycho said:

dmsims said:

You can have a stty Diesel Evoque for £6180 p.a. + maintenance and insurance

jimmytheone said:

£4k p/a for an MG?
I thought those prices were reserved for LR products in London!

Don't tell him how much a Tesla would cost for the same!

I was querying 4k pa for insurance not total lease cost

[TheDeuce]

jimmytheone said:

autumnsum said:

Considering strange claims of £4000/year for EV insurance I'd say yes, it looks good.

£4k p/a for an MG?
I thought those prices were reserved for LR products in London!

I'd say it's dirt cheap given the cars power and also extremely low running costs. What brand new similar power and kit ice car would cost less overall including fuel, servicing, tyres and insurance?

[autumnsum]

jimmytheone said:

£4k p/a for an MG?
I thought those prices were reserved for LR products in London!

I was sarcastically referencing the mysterious Guardian article which made that claim.

[Tycho]

jimmytheone said:

Tycho said:

dmsims said:

You can have a stty Diesel Evoque for £6180 p.a. + maintenance and insurance

jimmytheone said:

£4k p/a for an MG?
I thought those prices were reserved for LR products in London!

Don't tell him how much a Tesla would cost for the same!

I was querying 4k pa for insurance not total lease cost

[andburg]

jimmytheone said:

SDK said:

The XPower is currently cheap on salary sacrifice - £354 per month

-> 3 years, 8k miles pa
-> fully maintained, insured and tyres
-> No initial payment

Is that cheap?
Its still nearly £13k over 3 years.
My ermployer has just launched a SS scheme with Octopus, they were quoting similar but i dont know if i can stomach £13k over 3 years for something i'll never own.
Then again, 430bhp...

when you consider some of the stupid insurance reports recently that's cheaper than insurance alone one some very normal EVs. Hell that's practically pay for insurance and get a free car!

[SDK]

jimmytheone said:

Is that cheap?
Its still nearly £13k over 3 years.
My ermployer has just launched a SS scheme with Octopus, they were quoting similar but i dont know if i can stomach £13k over 3 years for something i'll never own.
Then again, 430bhp...

Shock, new cars cost money !

This is as cheap as you'l find any new car with this level of performance.
Even base spec under powered ICE super-mini's are £250+ a month, plus an initial payment, insurance etc....

[Silenoz]

SDK said:

jimmytheone said:

Is that cheap?
Its still nearly £13k over 3 years.
My ermployer has just launched a SS scheme with Octopus, they were quoting similar but i dont know if i can stomach £13k over 3 years for something i'll never own.
Then again, 430bhp...

Shock, new cars cost money !

This is as cheap as you'l find any new car with this level of performance.
Even base spec under powered ICE super-mini's are £250+ a month, plus an initial payment, insurance etc....

Seeing a similar price on my salary sacrifice scheme, and very tempted by it. We've got a 2020 e208 that is on my OHs salary sacrifice scheme but that goes back next month. She's gone back to a Mini as its replacement so I've been using the e208 for my commute and am a big fan of an ev for that sort of journey. Won't have another e208 as its a bit too small and not particularly quick but the X Power would rectify both those issues.

[jimmytheone]

SDK said:

Shock, new cars cost money !

This is as cheap as you'l find any new car with this level of performance.
Even base spec under powered ICE super-mini's are £250+ a month, plus an initial payment, insurance etc....

Yeah, point taken!
I've always taken the cash alternative and spent it on modding

I've also seen that Grauniad article on insurance costs now, kin ell!

[Durzel]

I bought my Model 3 outright in March 2020. Crunched the numbers the other day and based on the last trade in values I got I think it has lost ~£685 a month.

Obviously that doesn't account for a deposit that is lost in either PCP or leasing, but the raw numbers don't seem to be massively off.

Conventional wisdom seemed to suggest that buying outright was always the cheapest way to own a new car, but I'm not so sure anymore. 0% finance definitely makes that debatable.

[TheDeuce]

Durzel said:

I bought my Model 3 outright in March 2020. Crunched the numbers the other day and based on the last trade in values I got I think it has lost ~£685 a month.

Obviously that doesn't account for a deposit that is lost in either PCP or leasing, but the raw numbers don't seem to be massively off.

Conventional wisdom seemed to suggest that buying outright was always the cheapest way to own a new car, but I'm not so sure anymore. 0% finance definitely makes that debatable.

The thing is, the RRP of cars is massively inflated these days, and used values tend to be based upon that, with depreciation factored in. But in reality the manufacturers give the lease co's HUGE discounts when they want to shift units, which means the lease co's can make money AND you can get a brand new car for far less than it would cost in depreciation if you bought it outright.

[kambites]

TheDeuce said:

The thing is, the RRP of cars is massively inflated these days, and used values tend to be based upon that, with depreciation factored in. But in reality the manufacturers give the lease co's HUGE discounts when they want to shift units, which means the lease co's can make money AND you can get a brand new car for far less than it would cost in depreciation if you bought it outright.

Assuming those same discounts (or at least the majority of them) aren't available to private buyers who are willing to haggle?

Of course it also depends on how long you intend to keep the car. No-one who's trying to get transport on a sensible budget gets a brand new car every few years - whether a cash buyer or a leaser it's always going to be an extremely expensive thing to do.

[TheDeuce]

kambites said:

TheDeuce said:

The thing is, the RRP of cars is massively inflated these days, and used values tend to be based upon that, with depreciation factored in. But in reality the manufacturers give the lease co's HUGE discounts when they want to shift units, which means the lease co's can make money AND you can get a brand new car for far less than it would cost in depreciation if you bought it outright.

Assuming those same discounts (or at least the majority of them) aren't available to private buyers who are willing to haggle?

Of course it also depends on how long you intend to keep the car. No-one who's trying to get transport on a sensible budget gets a brand new car every few years - whether a cash buyer or a leaser it's always going to be an extremely expensive thing to do.

The discounts ime are always far bigger via lease for a new car. I leased my old iPace for three years for less than £20k... it has a retail price of £82k. Jaguar have never made a car that loses less than 25% of its value in three years. I'd guess 40%+ more typical for an expensive Jag.

I agree that the best value time to buy a car used, 3-4 years old and keep it for 3-4 years, you'll likely avoid any big bills and will own the car after it's taken its biggest depreciation hit. I used to do exactly that and would go back to doing that if it weren't for the current bik rates on EV, which make an expensive EV cheap as a shed for a 40% tax payer company director.

I'd still drive an EV! Just not a brand new one every three years.

[Mikebentley]

5000 miles in mine today. I think the biggest single annoyance is the radio/Sat Nav/Phone system. The phone rings or something happens on the Sat Nav and the radio just stops producing any sound. The screen suggests the radio is still on alas it has no sound and can’t be turned on. The fix widely shown on the internet is to press the “home” button below the screen for 10 seconds so the system resets. This happens about 5 times a day and is fking annoying.

[James6112]

Seem to be a lot of ‘minor’ annoyances on these.
Any of which would drive me nuts!

I wonder if they’ll be fixed.

Or is it like buying a £50 tablet. Looks ok, but always a bit rubbish compared to an ipad or a Samsung!

[James6112]

SDK said:

The XPower is currently cheap on salary sacrifice - £354 per month

-> 3 years, 8k miles pa
-> fully maintained, insured and tyres
-> No initial payment

My scam artists!
Same car
£425 a month (a supposed 40% tax saving )

[Toaster Pilot]

James6112 said:

Or is it like buying a £50 tablet. Looks ok, but always a bit rubbish compared to an ipad or a Samsung!

Definitely summed up the infotainment in the mk1 MG ZS EV I had

Using CarPlay removed most of the annoyances though.

[kambites]

James6112 said:

I wonder if they’ll be fixed.

MG were surprisingly good at retrospectively fixing the various niggling user-interface complaints their customers had with the early MG ZS EVs.

I get the feeling that with Android Auto and Apple Carplay becoming so mainstream, the built in infotainment functions are pretty much an afterthought these days because no-one uses them. Hence cars increasingly not coming with sat-nav as standard anymore - why bother when no-one uses it?

Edited by kambites on Thursday 5th October 10:12