EV depreciation
Discussion
We Buy Any Car are a business who are there to make profit, they aren’t an accurate guide to market prices. Try popping a cat N/S car in for some extremely low values.
It gives you an idea how much you could instantly offload the car for but is like me contacting a buy any house company to value a house I’m about to buy and deciding the house isn’t worth the price I’m paying.
It gives you an idea how much you could instantly offload the car for but is like me contacting a buy any house company to value a house I’m about to buy and deciding the house isn’t worth the price I’m paying.
Anyone have access to CAP or a more realistic valuation other than webuyanycar?
https://www.autotrader.co.uk/car-details/202212222...
This is the car I was looking at, but any of the other ones on AT could be used as an example.
https://www.autotrader.co.uk/car-details/202212222...
This is the car I was looking at, but any of the other ones on AT could be used as an example.
Valid points about WBAC - but it’s a useful starting point. As a commercial business they have to make a profit but theoretically you could sell the same car to someone privately for a good deal more and cut out the middleman.
It’s a funny old market at the moment though - I purchased a new EV in July and sold it to WBAC in September as I decided it was junk and to go back to petrol. They gave me £3.5k more than I bought it for!
Tried the same figure and car again in December ( just for interest) and the offer was £6.5k less!
It’s a funny old market at the moment though - I purchased a new EV in July and sold it to WBAC in September as I decided it was junk and to go back to petrol. They gave me £3.5k more than I bought it for!
Tried the same figure and car again in December ( just for interest) and the offer was £6.5k less!
don't buy a model 3 Tesla, mines dumped 19k in the last 5 months ...
£1500 in the last 5 days according to WBAC
Why? A huge jump in electricity prices for charging especially rapid chargers, lots of company cars bought 3 years ago for the 0% bik hitting the market (which is what the 0% bik was meant to achieve) and increased finance costs
£1500 in the last 5 days according to WBAC
Why? A huge jump in electricity prices for charging especially rapid chargers, lots of company cars bought 3 years ago for the 0% bik hitting the market (which is what the 0% bik was meant to achieve) and increased finance costs
Edited by Dave Hedgehog on Friday 20th January 09:20
Mark V GTD said:
Valid points about WBAC - but it’s a useful starting point. As a commercial business they have to make a profit but theoretically you could sell the same car to someone privately for a good deal more and cut out the middleman.
It’s a funny old market at the moment though - I purchased a new EV in July and sold it to WBAC in September as I decided it was junk and to go back to petrol. They gave me £3.5k more than I bought it for!
Tried the same figure and car again in December ( just for interest) and the offer was £6.5k less!
Yes I get all that - and I looked at some other cars and wbac varied in what they would give. Maybe they just dont want high priced cars at the moment, as I looked at a Mazda MX30 EV that was up for £21k, and wbac are offerring £17.5k. That spread seems more reasonable than the £20k on the i4.It’s a funny old market at the moment though - I purchased a new EV in July and sold it to WBAC in September as I decided it was junk and to go back to petrol. They gave me £3.5k more than I bought it for!
Tried the same figure and car again in December ( just for interest) and the offer was £6.5k less!
WBAC don’t want stuff at the moment, there is a big thread on the main forum.
I put mine through the other day, WBAC offer was £32000 on a year old Polestar which cost around £54000 a year ago, good job it’s not mine
There is a guy on the other thread with a Taycan 4S and got an offer of £25000 on a year old car.
I put mine through the other day, WBAC offer was £32000 on a year old Polestar which cost around £54000 a year ago, good job it’s not mine
There is a guy on the other thread with a Taycan 4S and got an offer of £25000 on a year old car.
TheRainMaker said:
WBAC don’t want stuff at the moment, there is a big thread on the main forum.
I put mine through the other day, WBAC offer was £32000 on a year old Polestar which cost around £54000 a year ago, good job it’s not mine
There is a guy on the other thread with a Taycan 4S and got an offer of £25000 on a year old car.
That makes more sense then! They probably don't want the higher priced stuff. £25k for a Taycan I put mine through the other day, WBAC offer was £32000 on a year old Polestar which cost around £54000 a year ago, good job it’s not mine
There is a guy on the other thread with a Taycan 4S and got an offer of £25000 on a year old car.
Ignore guides and WBAC. Guides are very general and take no account of colour/spec and condition etc. They are called guides for a reason.
WBAC want to buy cheap so their prices will always be trade prices or less.
Go on to Autotrader and see what they are up for, that's the number one indicator of current values.
WBAC want to buy cheap so their prices will always be trade prices or less.
Go on to Autotrader and see what they are up for, that's the number one indicator of current values.
Frimley111R said:
Ignore guides and WBAC. Guides are very general and take no account of colour/spec and condition etc. They are called guides for a reason.
WBAC want to buy cheap so their prices will always be trade prices or less.
Go on to Autotrader and see what they are up for, that's the number one indicator of current values.
Do you have access to any of the official CAP guides on the car I listed? Id like to see what a dealer would offer in part ex for the same car they currently have up for £58k. WBAC want to buy cheap so their prices will always be trade prices or less.
Go on to Autotrader and see what they are up for, that's the number one indicator of current values.
Dave Hedgehog said:
don't buy a model 3 Tesla, mines dumped 19k in the last 5 months ...
£1500 in the last 5 days according to WBAC
Why? A huge jump in electricity prices for charging especially rapid chargers, lots of company cars bought 3 years ago for the 0% bik hitting the market (which is what the 0% bik was meant to achieve) and increased finance costs
You surely realized the used prices were ridiculously, artificially high and that this would eventually happen? The fact that Tesla have recently slashed new prices, the Model Y is now with us and we're in a recession will also have had a significant affect? £1500 in the last 5 days according to WBAC
Why? A huge jump in electricity prices for charging especially rapid chargers, lots of company cars bought 3 years ago for the 0% bik hitting the market (which is what the 0% bik was meant to achieve) and increased finance costs
Edited by Dave Hedgehog on Friday 20th January 09:20
Out of interest how much is the actual loss from new on the car?
Frimley111R said:
Go on to Autotrader and see what they are up for, that's the number one indicator of current values. asking prices
Edited by SWoll on Friday 20th January 09:51
Dave Hedgehog said:
don't buy a model 3 Tesla, mines dumped 19k in the last 5 months ...
£1500 in the last 5 days according to WBAC
Why? A huge jump in electricity prices for charging especially rapid chargers, lots of company cars bought 3 years ago for the 0% bik hitting the market (which is what the 0% bik was meant to achieve) and increased finance costs
Why have you not mentioned the Tesla price cuts of last Friday? Which is related to the shift from under supply for a good while (tesla waiting lists) to easy supply. And a reduction in eh general over valuation of used cars for the last 18 months in particular£1500 in the last 5 days according to WBAC
Why? A huge jump in electricity prices for charging especially rapid chargers, lots of company cars bought 3 years ago for the 0% bik hitting the market (which is what the 0% bik was meant to achieve) and increased finance costs
Edited by Dave Hedgehog on Friday 20th January 09:20
SWoll said:
You surely realized the used prices were ridiculously, artificially high and that this would eventually happen? The fact that Tesla have recently slashed new prices, the Model Y is now with us and we're in a recession will also have had a significant affect?
Out of interest how much is the actual loss from new on the car?
I know, but I liked having a car that wasn't burning a fortune every month for just existing like all my German cars did Out of interest how much is the actual loss from new on the car?
based on todays retail price, £34,000 total depreciation in 3 years
The market has been bonkers high for a few years, now a few things are probably working through the system and suddenly it's no longer a seller's market this month.
Tesla cut new car prices?
Expectation of more, affordable new BEVs?
More used cars on the market? Less demand?
The last few years, value conscious motorists have started to consider EVs, but there's been so few used ones about that prices have been high.
What is long term trend, and what is a market wobble in the January of 'interest hike winter'?
Big picture is, a battery car should be cheap as chips once the carmaker is washing his hands of the battery around 8 years old.
The exact shape of the depreciation curve may be different from IC cars.
You'd expect that nice Mr Khan to have kept EV prices pumped in outer London though...
OTOH, you can get a one year old compliant petrol city car for half the price of a two year old BEV.
No sign of well-used i3's getting into unresistable territory just yet?
Lots of reasons for the canny buyer to wait.
Tesla cut new car prices?
Expectation of more, affordable new BEVs?
More used cars on the market? Less demand?
The last few years, value conscious motorists have started to consider EVs, but there's been so few used ones about that prices have been high.
What is long term trend, and what is a market wobble in the January of 'interest hike winter'?
Big picture is, a battery car should be cheap as chips once the carmaker is washing his hands of the battery around 8 years old.
The exact shape of the depreciation curve may be different from IC cars.
You'd expect that nice Mr Khan to have kept EV prices pumped in outer London though...
OTOH, you can get a one year old compliant petrol city car for half the price of a two year old BEV.
No sign of well-used i3's getting into unresistable territory just yet?
Lots of reasons for the canny buyer to wait.
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