Renault Zoe Depreciates -84% in First 3 Years from New...
Discussion
Low range and high obsolescence mean the Zoe is the fastest-depreciating car in the UK today...
http://www.dailymail.co.uk/money/cars/article-4943...
http://www.dailymail.co.uk/money/cars/article-4943...
Mostly because of the battery silliness. If you're tied to a battery lease at the same rate as when it was new, the base car has to be really cheap to be worthwhile. Plus they were all heavily discounted from list in the first place.
Nissan now can buy out battery leases for the Leaf, so dealers can sell a former battery lease car as a "battery owned" car at a reasonable price which is far more appealing to the secondhand market. Renault reportedly going to do the same.
Nissan now can buy out battery leases for the Leaf, so dealers can sell a former battery lease car as a "battery owned" car at a reasonable price which is far more appealing to the secondhand market. Renault reportedly going to do the same.
A mates bought one a couple of months ago, they're look like a great deal second hand.
Even if he scraps it after a couple of years the running costs and depreciation will still be cheaper than his previous 307, I don't think he's even paid to charge it yet thanks to waitrose free charge points.
Even if he scraps it after a couple of years the running costs and depreciation will still be cheaper than his previous 307, I don't think he's even paid to charge it yet thanks to waitrose free charge points.
TooLateForAName said:
Article is total b
ks. (as expected with dm)
The Zoe they quote is an i- model - ie battery bought. These are in high demand.
Try and find an "i" model for sale, you won't; not because they are in high demand but because so few sold are "i" spec.ks. (as expected with dm)The Zoe they quote is an i- model - ie battery bought. These are in high demand.
People do want them used but you won't be able to find one unless extremely lucky.
I can't access that DM article as I'm currently in a country where the DM is blocked, however with ZOE, the deposit contributions, OLEV grant etc vs initial retail price, many are sold at around 50% of their retail price from new so if the residuals are based on the retail price pre OLEV grant then 2 or 3 year old residuals will always look far worse than they actually are, however general residuals are crap anyway, partly due to the battery rental and partly due to it being electric.
Butter Face said:
An article written by idiots for idiots. Shock.
It is a reputable report by the highly respected WhatCar.https://www.whatcar.com/news/fastest-depreciating-...
The Zoe is a disaster.
Some folks are reporting Webuyanycar has been offering only £2-4k for cars that are just 18-24 months old. The depreciation is insane.
http://myrenaultzoe.com/index.php/topic/depreciati...
Yipper said:
Butter Face said:
An article written by idiots for idiots. Shock.
It is a reputable report by the highly respected WhatCar.https://www.whatcar.com/news/fastest-depreciating-...
The Zoe is a disaster.
Some folks are reporting Webuyanycar has been offering only £2-4k for cars that are just 18-24 months old. The depreciation is insane.
http://myrenaultzoe.com/index.php/topic/depreciati...
You cannot, even if you wanted to, pay list price for a ZOE.
They quote the list price as £29k+
The list price (after government grant) for a Dynamique ZOE including the battery is £23770. If you buy cash there is a discount from Renault of £5000, so the actual retail price is £18770 including the battery.
So even if you only got 5k for it after 3 years (which you won't as the battery alone is worth more than that) it's cost you £13770 over 3 years.
If you look at the lease battery option it is just as stupid, list price is £18170, then a RCI deposit contribution of £6111, so a transaction price of £12059. These cars are what you are basing your 2-4k quote on after 18-24 months (which is laughable, and being offered by WBAC should speak for itself) means it's cost £10k over that term.
As I said, and stand by, an article written by idiots for idiots. Well done for biting on it though.
Just to add to the above. The ONLY i-ZOE on eBay at the moment is this fetching Expression (so a lower spec than that mentioned) for £10990 @ 2 years old.
A car that you can buy new (with the new range battery) for £17345 without actually trying too hard.
https://tinyurl.com/yahepv95
£6k in two years (retail-retail) after 2 years on a fully electric car. Seems alright.
A car that you can buy new (with the new range battery) for £17345 without actually trying too hard.
https://tinyurl.com/yahepv95
£6k in two years (retail-retail) after 2 years on a fully electric car. Seems alright.
Edited by Butter Face on Friday 6th October 13:15
Butter Face said:
Yipper said:
Butter Face said:
An article written by idiots for idiots. Shock.
It is a reputable report by the highly respected WhatCar.https://www.whatcar.com/news/fastest-depreciating-...
The Zoe is a disaster.
Some folks are reporting Webuyanycar has been offering only £2-4k for cars that are just 18-24 months old. The depreciation is insane.
http://myrenaultzoe.com/index.php/topic/depreciati...
You cannot, even if you wanted to, pay list price for a ZOE.
They quote the list price as £29k+
The list price (after government grant) for a Dynamique ZOE including the battery is £23770. If you buy cash there is a discount from Renault of £5000, so the actual retail price is £18770 including the battery.
So even if you only got 5k for it after 3 years (which you won't as the battery alone is worth more than that) it's cost you £13770 over 3 years.
If you look at the lease battery option it is just as stupid, list price is £18170, then a RCI deposit contribution of £6111, so a transaction price of £12059. These cars are what you are basing your 2-4k quote on after 18-24 months (which is laughable, and being offered by WBAC should speak for itself) means it's cost £10k over that term.
As I said, and stand by, an article written by idiots for idiots. Well done for biting on it though.
Sounds a bit desperate
The study tracks list-price to resale-price.
For thousands of models.
A fair, standardized, and very common comparison in widespread use across the auto industry.
The Zoe is a disaster.
It lost a huge -84% in 3 years!
Yipper said:
Lol.
Sounds a bit desperate
The study tracks list-price to resale-price.
For thousands of models.
A fair, standardized, and very common comparison in widespread use across the auto industry.
Pointing out the car costs 2/3 of the price quoted in the article is desperate? Sounds a bit desperate
The study tracks list-price to resale-price.
For thousands of models.
A fair, standardized, and very common comparison in widespread use across the auto industry.
It's a fair and standardised comparison for cars where you don't get government grants to buy them.
Edited by RizzoTheRat on Friday 6th October 13:37
RizzoTheRat said:
I'd dispute Butterface's won't go as low as 5k comment though, that what's what a mate just paid for a 3 year old one, and a quick check of autotrader show several around that point
Did he get a battery included for his 5k?Edited by RizzoTheRat on Friday 6th October 13:36
I'd put a fiver on the fact that he didn't and is paying a lease each monthy for it
The article specifies the i-dynamique quick charge model which you will not buy for 5k at 3 years old.
And it also mentions the new range, which only came out last year, so you definitely won't get a 3 year old ZOE with a battery in that does 170 miles for 5k!
Butter Face said:
Did he get a battery included for his 5k?
I'd put a fiver on the fact that he didn't and is paying a lease each monthy for it
The article specifies the i-dynamque quick charge model which you will not buy for 5k at 3 years old.
No, you got in before I edited that back out as I realised his is with the rental.I'd put a fiver on the fact that he didn't and is paying a lease each monthy for it
The article specifies the i-dynamque quick charge model which you will not buy for 5k at 3 years old.
Can you then buy the battery off them if you've got one on lease though?
List price on the new models less than on the older one too isn't it?
RizzoTheRat said:
Butter Face said:
Did he get a battery included for his 5k?
I'd put a fiver on the fact that he didn't and is paying a lease each monthy for it
The article specifies the i-dynamque quick charge model which you will not buy for 5k at 3 years old.
No, you got in before I edited that back out as I realised his is with the rental.I'd put a fiver on the fact that he didn't and is paying a lease each monthy for it
The article specifies the i-dynamque quick charge model which you will not buy for 5k at 3 years old.
Can you then buy the battery off them if you've got one on lease though?
RizzoTheRat said:
Butter Face said:
Did he get a battery included for his 5k?
I'd put a fiver on the fact that he didn't and is paying a lease each monthy for it
The article specifies the i-dynamque quick charge model which you will not buy for 5k at 3 years old.
No, you got in before I edited that back out as I realised his is with the rental.I'd put a fiver on the fact that he didn't and is paying a lease each monthy for it
The article specifies the i-dynamque quick charge model which you will not buy for 5k at 3 years old.
Can you then buy the battery off them if you've got one on lease though?
And no, you never own the battery, no option to buy it (at present, never say never)
Mine (Dynamique Nav) was £19475, discounted by £9972 including the PiCG grant
At the end I'll have paid £1000 deposit, £75/month for the PCP, plus £80/month for the battery hire
After 2 years the final payment is £7233 although I gather people have been able to get them for closer to £5k
So if I don't buy it after, £4720 for two years motoring in a new car isn't bad (plus I've saved over £80/month in parking fees alone)
At the end I'll have paid £1000 deposit, £75/month for the PCP, plus £80/month for the battery hire
After 2 years the final payment is £7233 although I gather people have been able to get them for closer to £5k
So if I don't buy it after, £4720 for two years motoring in a new car isn't bad (plus I've saved over £80/month in parking fees alone)
rscott said:
Surely these figures should have been calculated after removing the grant from the list price? After all, it's not actually possible to pay list, is it?
Doesn't make the story so interesting though.I just checked on Carwow. You can get the i-Dynamique Nav (own the battery) for £16,013 (£12,257 off list price, or 43.4% discount).
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