IPace discounts

Author
Discussion

J4CKO

Original Poster:

43,729 posts

212 months

Wednesday 22nd January
quotequote all
Not sure what the normal prices are for these but my dad sent me a message with the link below attached.

Seems as though a load (74) of delivery miles IPaces have found their way to market, normally list price is 70 to 80k but these are a grand or two either side of 40. Still a lot of money but quite a discount if that’s what you want. Anyway, through should let folk in here know.

That’s wiped a fair chunk off a lot of folks cars and dealer stock I expect if it’s as generous as it sounds.

https://www.autotrader.co.uk/car-search?advertisin...

The Rotrex Kid

32,398 posts

172 months

Wednesday 22nd January
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It’s all run out stock being cleared by JLR. I’ve bought one (from another channel) for one of my team as a company car as it worked out pretty cheap in comparison to a Tesla Model 3.

Crazy money off and will kill the residual values which is not ideal, but if you can stomach the fact that you’ll lose your backside on it in 3/4 years then a great buy IMO.

I’ve ordered an HSE R-Dynamic Black in Carpathian Grey thumbup

There were 85 available yesterday on AT!

J4CKO

Original Poster:

43,729 posts

212 months

Wednesday 22nd January
quotequote all
Yeah, at 70/80 grand just too expensive but at 40 it’s a lot more do-able for a lot of people.

Chap at work has one, really nice car to be fair.

Nearly a thousand of them in total on AT, still a couple at near list, entry levels 14 grand but still think there is depreciation to be done even at that end.

The Rotrex Kid

32,398 posts

172 months

Wednesday 22nd January
quotequote all
Yes I’ve weighed up the depreciation and willing to take the risk. I will write the value down hard and my guy only does low mikes anyway so I’m not too scared of the values. Wouldn’t be happy if I bought one 6 months ago for cash though hehe

Audimercorbm

130 posts

62 months

Wednesday 22nd January
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Still going to be worth 20k in 4 years with average miles

Audimercorbm

130 posts

62 months

Wednesday 22nd January
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Still want over 600 pm pcp!!!

Pistonheadsdicoverer

622 posts

58 months

Wednesday 22nd January
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One has to wonder what will happen in a couple of years when it comes to aftersales/warranty. Quite a few horror stories on PH about Jaguar.

Sheepshanks

36,209 posts

131 months

Wednesday 22nd January
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Audimercorbm said:
Still want over 600 pm pcp!!!
Where are you seeing the PCP? I can only see HP on Autotrader - I took that as a sign that they don't want them back!

Doofus

29,681 posts

185 months

Wednesday 22nd January
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TheDeuce

27,009 posts

78 months

Wednesday 22nd January
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The residuals are already super low for iPace, not even because they're particularly unreliable (for a Jag..), but because for years now, JLR have been beyond hopeless when anything does go wrong and have played every trick in the book to drag out piecemeal token repairs to run out the owners warranty.

£40k for a new one is great but personally I'd look for one a couple of years old with low mileage and a decent warranty and keep my fingers crossed. Chances are it would be a cheaper option, because chances are, it'll run for years without any significant issues at all - most do. The problem is, and will remain, JLR caring when things do go wrong.

J4CKO

Original Poster:

43,729 posts

212 months

Thursday 23rd January
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Some will use this as a way to say that the EV thing is over, for me its more of a price adjustment, 70/80 grand for an IPace is just too much and par tof the reason people write it off as an option and slag them off as its so far out of their price range, like fat bald blokes in the pub calling supermodels and actresses rough or whatever, but it they were there being flirty then they would be like little puppies hanging on their every word.

Now that they migrate down to a lower price point, the new ones are now a 40k car, possibly cheaper as if a dealer can get a chunk of cash in and shift some of that inventory then they likely will do, there is 1000 or so of them out there.

Every single one just had a price adjustment into the 14 to 40 grand segment, you arent going to pay 35 grand for a three year old one if you can get a brand spanker for 39/40, that just became a 20/25 grand car. Feel sorry for folk that put their own cash into one, going to be a bloodbath but they will find homes or get kept.

So those that wrote them off are now going, hmm, I can have an electric Jag for 20 grand thats three years old with 20k on, suddenly became possible and interest is piqued.

Will get a load of new customers potentially, who will then show their new Jag off to their friends, neighbours and family "Hang on, well if he can get one"

Lot more folk with 20/30 grand budgets than 70/80, you can bridge a gap with finance and cheaper running costs quite easily.

Think stuff like this isnt the doom some make it out, its a step to getting more folk into and familiar with EV's, there is no way it was going to happen at those prices unless its company cars.



phil4

1,407 posts

250 months

Thursday 23rd January
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You can't really win. They want EVs to fail.

If you had all EVs at 50K plus they'd point out there's no affordable EV's. Or you can, like this have them much cheaper, and then "they depreciate like a stone". They're not arguing using logic, so you won't persuade them with logic.

Edited by phil4 on Thursday 23 January 10:45

Discombobulate

5,415 posts

198 months

Thursday 23rd January
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Great car (mine is 3 years old and has been faultless and great to drive). Kiss of death I know...
Well screwed together by Austrians. And fast.

Downsides: slow to charge by today's standards (but I always charge at home so no issue), and not the most efficient EV (although it has a big battery so range normally 200 miles + even in very cold weather).

If buying used go for 22 on when most of the well known glitches that feature in forums - clunky tech, leaky windscreens, 12V battery issues, main battery issues and heater failures - were fixed. And to be fair to JLR the main battery and heater issues were not their fault, shared by Porsche, Audi etc and due to issues at the suppliers end. Now fixed.

TheRainMaker

6,892 posts

254 months

Thursday 23rd January
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It's nuts I have always had cars which everyone regards as risky: RS6, XFR, Cerbera, Chimaera etc

But even I wouldn't touch an iPace hehe

I think it comes down to the dealers + the problems with the batteries, which seem to be popping up now.

Oh, and the buyback because of the fire risk; I'm not sure if that is just a US thing, but it's still off-putting.

It's a massive shame, really, as we have an i3s, which could have easily been an iPace.


SDK

1,498 posts

265 months

Thursday 23rd January
quotequote all
phil4 said:
You can't really win. They want EVs to fail.

If you had all EVs at 50K plus they'd point out there's no affordable EV's. Or you can, like this have them much cheaper, and then "they depreciate like a stone". They're not arguing using logic, so you won't persuade them with logic.

Edited by phil4 on Thursday 23 January 10:45
Exactly

The complaints go like this :

It starts...
-> New EV's are too expensive
then...
-> New EV's are discounted too much
..and
-> Used EV's depreciate too much and are too cheap

Makes zero sense !

SDK

1,498 posts

265 months

Thursday 23rd January
quotequote all
Audimercorbm said:
Still going to be worth 20k in 4 years with average miles
Sounds great !
A premium spec car, with 400bhp and 4 years left on the warranty... for £20k and cheap running costs -> Take my money smile

anonymous-user

66 months

Thursday 23rd January
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These are looking very tempting now. What is the infotainment like? After a brand new Velar that was sent back after 12 months of ownership after many dealer visits and multiple issues, I don't want to go back down that route.

The dealers attitude stank to be honest, plus I'm 99% sure they used our brand new car to go the pub the night before we collected it too.

The local Jaguar dealer has closed I assume it would have to go back to that same LR dealer instead and I'd rather not have a car and walk everywhere.

Anyway, has anyone had a PCP quote on of these yet?

Pistonheadsdicoverer

622 posts

58 months

Thursday 23rd January
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MrBig said:
These are looking very tempting now. What is the infotainment like? After a brand new Velar that was sent back after 12 months of ownership after many dealer visits and multiple issues, I don't want to go back down that route.

The dealers attitude stank to be honest, plus I'm 99% sure they used our brand new car to go the pub the night before we collected it too.

The local Jaguar dealer has closed I assume it would have to go back to that same LR dealer instead and I'd rather not have a car and walk everywhere.

Anyway, has anyone had a PCP quote on of these yet?
A bit under £600 when I checked 2 hours ago. On a 37K model

Limpet

6,553 posts

173 months

Thursday 23rd January
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Neighbour has a 4 year old one and absolutely loves it. I've been a passenger in it, and it's seriously quick up to any semi legal speed. Interior is also lovely, IMO.

Only grief has been a couple of seemingly "random" discharges of the 12v batteries overnight meaning the car won't power up the next morning. Not unheard of apparently.

JNW1

8,486 posts

206 months

Thursday 23rd January
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Audimercorbm said:
Still going to be worth 20k in 4 years with average miles
I think you're probably right. However, if new ones are available for "only" around £40k you'd think that must have a knock-on effect to used prices; there are currently plenty of two year old ones advertised at over £30k but, as someone else has said, they don't look particularly attractive when another £10k - or perhaps less - could get you into a brand new one. So I can see the used values of I-Paces slipping a bit in the coming months....