On a par with ICE?

Author
Discussion

coetzeeh

Original Poster:

2,697 posts

241 months

Tuesday 7th March 2023
quotequote all
Used EV depreciation - good news for buyers.

https://www.thisismoney.co.uk/money/cars/article-1...


mclwanB

609 posts

250 months

Tuesday 7th March 2023
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Definitely. Our 4k miles 8 month old (but 5 of them in a dealer's showroom until dropped price) EV is 22k vs 34.5k new...

OutInTheShed

8,642 posts

31 months

Tuesday 7th March 2023
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mclwanB said:
Definitely. Our 4k miles 8 month old (but 5 of them in a dealer's showroom until dropped price) EV is 22k vs 34.5k new...
Ouch!
That probably makes the leaser the winner?

TheDeuce

24,252 posts

71 months

Tuesday 7th March 2023
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Leasing ahead of the new car price hikes and through that period was a good move I fortunately made. My £82k ipace has cost me about 20k net (company car, my company). If I had bought it and sold now it's be low to mid 40k I guess!!

Although now heavily subsidised lease deals are extremely rare, the same car today is around £900-1000pm net to lease...

I think it's pointless right now looking at the roller coaster differences because things are still in turmoil and whatever decision anyone makes today to buy/lease could prove in hindsight to have been the wrong one.

But in terms of more choice and value for second and third hand owners, I think it's great that used prices are finally crashing - crashing back to sustainable realistic levels. As such, I'm about to start shopping for a two year old iPace to replace my current leased one.

OutInTheShed

8,642 posts

31 months

Tuesday 7th March 2023
quotequote all
Still a lot of money for a Tataguar.

TheDeuce

24,252 posts

71 months

Tuesday 7th March 2023
quotequote all
OutInTheShed said:
Still a lot of money for a Tataguar.
I'm going to have to call you out on that stab at JLR, they were one of my clients for years and Tata provide investment and supplier and market connections, but are very hands off - the car development and direction is still very much in house.

I also don't think it's a lof of money for a JLR product, they've always been crazy expensive and as a kicker, the higher the spec, the bigger the power, the faster the car loses value smile

It's always been that way. People that have enough money to not care about price tags would buy the supercharged V8 XJ or range rover, but when it hits the used market nobody wants anything but the diesels so..

I'm not going to claim that JLR products are a logical purchase in value terms of course, but if you happen to like the way they do things, you won't find an equivalent elsewhere. Although common sense suggests you should rofl

85Carrera

3,503 posts

242 months

Wednesday 8th March 2023
quotequote all
TheDeuce said:
OutInTheShed said:
Still a lot of money for a Tataguar.
I'm going to have to call you out on that stab at JLR, they were one of my clients for years and Tata provide investment and supplier and market connections, but are very hands off - the car development and direction is still very much in house.

I also don't think it's a lof of money for a JLR product, they've always been crazy expensive and as a kicker, the higher the spec, the bigger the power, the faster the car loses value smile

It's always been that way. People that have enough money to not care about price tags would buy the supercharged V8 XJ or range rover, but when it hits the used market nobody wants anything but the diesels so..

I'm not going to claim that JLR products are a logical purchase in value terms of course, but if you happen to like the way they do things, you won't find an equivalent elsewhere. Although common sense suggests you should rofl
I looked at the Ipace a few years ago as a company car tax dodge and had one on a long term test and while it’s a nice place to sit even then the range was tragic so no surprise tha they drop like a stone once the tax dodging/virtue signalling (delete as appropriate) first owner is looking to move them on.

TheDeuce

24,252 posts

71 months

Wednesday 8th March 2023
quotequote all
85Carrera said:
TheDeuce said:
OutInTheShed said:
Still a lot of money for a Tataguar.
I'm going to have to call you out on that stab at JLR, they were one of my clients for years and Tata provide investment and supplier and market connections, but are very hands off - the car development and direction is still very much in house.

I also don't think it's a lof of money for a JLR product, they've always been crazy expensive and as a kicker, the higher the spec, the bigger the power, the faster the car loses value smile

It's always been that way. People that have enough money to not care about price tags would buy the supercharged V8 XJ or range rover, but when it hits the used market nobody wants anything but the diesels so..

I'm not going to claim that JLR products are a logical purchase in value terms of course, but if you happen to like the way they do things, you won't find an equivalent elsewhere. Although common sense suggests you should rofl
I looked at the Ipace a few years ago as a company car tax dodge and had one on a long term test and while it’s a nice place to sit even then the range was tragic so no surprise tha they drop like a stone once the tax dodging/virtue signalling (delete as appropriate) first owner is looking to move them on.
They're absolutely not a 'good' EV on paper Vs equivalents. The charging speeds are not great, nor is the range or efficiency.

But in the right spec (air + adaptive suspension), they're simply one of the most capable and fun drivers EV's you can buy. I've driven most EV's and nothing else at a remotely comparable budget level comes close to the cars all round appeal.

BUT... You can't have one of you frequently exceed 200 miles in a single trip. I don't, so I have one, and will soon buy another.

I think they drop like a stone like all luxury jags tbh, it has little to do with range etc. Nobody wants an ageing out of warranty luxury Jag unless unless it's stupidly cheap as a used car.

It's also not tax dodging if the government, the people who set the low tax rate, do so to encourage uptake. It's not dodging, it's compliance wink

DMZ

1,514 posts

165 months

Wednesday 8th March 2023
quotequote all
I haven’t looked but are they dropping like a stone vs every other EV dropping like a stone?

I’m still and maybe even more so of the view that the I-Pace is the best EV out there. Nothing else handles as well while taking five people in comfort and it also looks very good doing it inside and out.

J1990

836 posts

58 months

Wednesday 8th March 2023
quotequote all
DMZ said:
I haven’t looked but are they dropping like a stone vs every other EV dropping like a stone?

I’m still and maybe even more so of the view that the I-Pace is the best EV out there. Nothing else handles as well while taking five people in comfort and it also looks very good doing it inside and out.
I'd say the tumbling of iPace prices in the last 3-6months is similar to the Model 3, they've both gone from retaining almost all of their RRP down to being very affordable for a large swathe of people - iPace for £28k? Model 3 for £23k? (<£20k if you don't mind 120k miles).
The iPace was one of the few cars I test drove in 2021 that actually but a great big beaming smile on my face, I'm waiting for prices to hopefully drop a little further and then pick up a 2021 SE/HSE as, even though we do quite a few >200 mile trips, the Mrs seems to have a child's bladder and so stopping after 2hrs for a toilet break and a coffee is standard for us and so a 20-30min top-up is acceptable.

sjg

7,514 posts

270 months

Wednesday 8th March 2023
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The supply of new cars is mostly easing, all the rush of salary sacrifice leases are coming back so way more used stock, right when used demand is dropping off as people delay purchases, get tempted into new cars instead, or are put off by high interest rates for finance.

Some people got lucky, bought before price rises or incentives going away, then sold/traded in when supply was squeezed and lost hardly anything. That was never going to stay the case in the longer term.

I-Pace is still doing pretty well compared to most 3 year old Jaguars.

OutInTheShed

8,642 posts

31 months

Wednesday 8th March 2023
quotequote all
sjg said:
.....
I-Pace is still doing pretty well compared to most 3 year old Jaguars.
Damned with faint praise?

S600BSB

5,892 posts

111 months

Wednesday 8th March 2023
quotequote all
DMZ said:
I haven’t looked but are they dropping like a stone vs every other EV dropping like a stone?

I’m still and maybe even more so of the view that the I-Pace is the best EV out there. Nothing else handles as well while taking five people in comfort and it also looks very good doing it inside and out.
Just coming to the end of my ipace lease and can't recommend it enough. It's been faultless. Fast, comfortable and relatively cheap to run.

Discombobulate

5,007 posts

191 months

Wednesday 8th March 2023
quotequote all
Love my iPace. Which is a good thing given how much it is going to cost me. Assuming I ever want to sell it....

TheDeuce

24,252 posts

71 months

Wednesday 8th March 2023
quotequote all
S600BSB said:
DMZ said:
I haven’t looked but are they dropping like a stone vs every other EV dropping like a stone?

I’m still and maybe even more so of the view that the I-Pace is the best EV out there. Nothing else handles as well while taking five people in comfort and it also looks very good doing it inside and out.
Just coming to the end of my ipace lease and can't recommend it enough. It's been faultless. Fast, comfortable and relatively cheap to run.
It's always the same when the iPace gets mentioned on one of these threads, often due to being expensive or not a great 'on paper' EV etc - but each time pretty much everyone that has lived with one say they love it most would struggle to adequately replace it with anything else.

I like the idea of a Tesla in some ways, but it's not a premium car and the ones I have driven feel sort of 'fake sporty', quick steering but little actual dynamic ability. I also really liked the idea of the i4 M50 but try and buy/lease one of those these days for realistic money... Try even getting one to turn up anytime this year even if you don't have a budget limit!!

This is why I'm shopping for a 2 ish years old iPace to buy and run for a few years. It will have taken it's big value drop already and I'll be bolting on the mother of all aftermarket warranties - because at some point it'll do the Jag thing and decide to break down in an unbelievably expensive manner biggrin

But what the hell, you like a car, you make it work for you - that's why I'm on Piston Heads, not mumsnet debating the relative merits of a Peugeot vs a Citroen...

silent ninja

864 posts

105 months

Thursday 9th March 2023
quotequote all
TheDeuce said:
It's always the same when the iPace gets mentioned on one of these threads, often due to being expensive or not a great 'on paper' EV etc - but each time pretty much everyone that has lived with one say they love it most would struggle to adequately replace it with anything else.

I like the idea of a Tesla in some ways, but it's not a premium car and the ones I have driven feel sort of 'fake sporty', quick steering but little actual dynamic ability. I also really liked the idea of the i4 M50 but try and buy/lease one of those these days for realistic money... Try even getting one to turn up anytime this year even if you don't have a budget limit!!

This is why I'm shopping for a 2 ish years old iPace to buy and run for a few years. It will have taken it's big value drop already and I'll be bolting on the mother of all aftermarket warranties - because at some point it'll do the Jag thing and decide to break down in an unbelievably expensive manner biggrin

But what the hell, you like a car, you make it work for you - that's why I'm on Piston Heads, not mumsnet debating the relative merits of a Peugeot vs a Citroen...
Not a fan of current Tesla models either. They just feel a bit too 'white goods' budget.

Loved the iPace but simply too expensive. So went with the BMW iX3 M Sport Pro. It drives superbly, has a brilliant cabin with lots of soft materials, very good real world range (second in Car Wows test if I recall behind the EV6), and has all the bells and whistles as standard - pano roof, HUD, adaptive suspension, adaptive high beam that dodges oncoming cars, adaptive steering, heated steering wheel, Harmon Kardon sound...list goes on. Worth a look

TheDeuce

24,252 posts

71 months

Friday 10th March 2023
quotequote all
silent ninja said:
TheDeuce said:
It's always the same when the iPace gets mentioned on one of these threads, often due to being expensive or not a great 'on paper' EV etc - but each time pretty much everyone that has lived with one say they love it most would struggle to adequately replace it with anything else.

I like the idea of a Tesla in some ways, but it's not a premium car and the ones I have driven feel sort of 'fake sporty', quick steering but little actual dynamic ability. I also really liked the idea of the i4 M50 but try and buy/lease one of those these days for realistic money... Try even getting one to turn up anytime this year even if you don't have a budget limit!!

This is why I'm shopping for a 2 ish years old iPace to buy and run for a few years. It will have taken it's big value drop already and I'll be bolting on the mother of all aftermarket warranties - because at some point it'll do the Jag thing and decide to break down in an unbelievably expensive manner biggrin

But what the hell, you like a car, you make it work for you - that's why I'm on Piston Heads, not mumsnet debating the relative merits of a Peugeot vs a Citroen...
Not a fan of current Tesla models either. They just feel a bit too 'white goods' budget.

Loved the iPace but simply too expensive. So went with the BMW iX3 M Sport Pro. It drives superbly, has a brilliant cabin with lots of soft materials, very good real world range (second in Car Wows test if I recall behind the EV6), and has all the bells and whistles as standard - pano roof, HUD, adaptive suspension, adaptive high beam that dodges oncoming cars, adaptive steering, heated steering wheel, Harmon Kardon sound...list goes on. Worth a look
I've driven the IX but the iX3's seem thin on the ground - I'd love to take one for a test if I could find one!

What was the lead time like?

silent ninja

864 posts

105 months

Friday 10th March 2023
quotequote all
TheDeuce said:
I've driven the IX but the iX3's seem thin on the ground - I'd love to take one for a test if I could find one!

What was the lead time like?
5 months for factory order. I think you could get one a bit quicker than that now.