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EV's
Dec 21, 2023 9:04:24 GMT
Post by johnc on Dec 21, 2023 9:04:24 GMT
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EV's
Dec 21, 2023 9:23:28 GMT
Post by Martin on Dec 21, 2023 9:23:28 GMT
If you have a look at the finance calculator, then the figures stack up reasonably well. Based on 10k miles a year, the residual value after 2.5 years (when it will be 4 years old) is £36k and if you take it over 36 months it would be £34k. The interest rate of 13.9% means it's still expensive, but if you were to buy for cash and (a big if!) it was worth £34k in 3 years time, that's only £440 a month depreciation, which is half what it would be if you bought new and is reasonable value.
Thinking that's worth over £80k new certainly doesn't stack up!
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EV's
Dec 21, 2023 9:56:34 GMT
Post by johnc on Dec 21, 2023 9:56:34 GMT
We are tied in to the i-Pace lease until the beginning of August but I saw a lease deal yesterday for a new i-Pace that was £647 incl VAT. I can recover half the VAT making it £593 and I then have tax relief which brings it down to £344/mth or even less when next year's very poorly considered Scottish tax increases come in.
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EV's
Dec 21, 2023 9:58:49 GMT
Post by Martin on Dec 21, 2023 9:58:49 GMT
We are tied in to the i-Pace lease until the beginning of August but I saw a lease deal yesterday for a new i-Pace that was £647 incl VAT. I can recover half the VAT making it £593 and I then have tax relief which brings it down to £344/mth or even less when next year's very poorly considered Scottish tax increases come in. That's pretty cheap motoring. Zero deposit or are you using man maths and ignoring it?
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Post by johnc on Dec 21, 2023 10:08:02 GMT
Man maths of course!! I think I paid 6 months up front on the current one.
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EV's
Dec 21, 2023 10:22:02 GMT
Post by Martin on Dec 21, 2023 10:22:02 GMT
Man maths of course!! I think I paid 6 months up front on the current one. Still cheap motoring. I know you would work it out properly, but I don't actually think it's man maths. It's just car finance maths, when it's all about the 'monthlies' rather than the actual cost of the car.
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EV's
Dec 22, 2023 11:52:41 GMT
via mobile
Post by cbeaks1 on Dec 22, 2023 11:52:41 GMT
We are tied in to the i-Pace lease until the beginning of August but I saw a lease deal yesterday for a new i-Pace that was £647 incl VAT. I can recover half the VAT making it £593 and I then have tax relief which brings it down to £344/mth or even less when next year's very poorly considered Scottish tax increases come in. Lightly used ones come up on the leasing sites at less than £300 a month incl Vat (9 upfront). Seems good for what would have been a £60k car. Etrons are often £275 or less now so many are coming off lease from 2020.
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