I've always maintained that depreciation doesn't matter to most people anyway unless you are thinking of replacing your car every three years. People generally don't buy cars with a view to getting rid of them any time soon. My last car was with me for 12 years before I got my current one which I've had for 8 years and will keep at least 12 years again. Depreciation doesn't even cross my mind.

Stellantis maths? 22,899 - 10,250 is closer to 12,649 depreciation, isn't it?

@rogerfinch7651

11 күн бұрын

Yup. He subtracted it wrong. Other one is ok. 😉

@kevfquinn

9 күн бұрын

yeah - subtracted 10,250 from 21,705 rather than 22,899 :)

Bought my Kona electric brand new when they were first released so there weren't any deals to be had and I paid the full £32.5k. 5 years on, depreciation isn't an issue because I plan to keep it until the battery dies or the mechanical bits fall apart...

@tacka73

11 күн бұрын

If mechanical bits fall apart replace them

@GavinScrimgeour

10 күн бұрын

It’s about how much the car is worth to you not derived from a spreadsheet.

absolutely agree. The rule of thumb ive always used is that most new cars are worth around 50% of what you paid for them after about 3 years. If you look at the figures on your board, its funny how this 50% number lines up almost exactly. If you get a huge discount on the front end, dont expect a huge trade in on the back end when trading in. Case in point, my wife has a merc a250e plugin hybrid. Mercedes discounted that heavilly at the time we bought it, and I think virtually every other example on the road was discounted the same. 3.5 years later and its worth a little over 50% of what we paid for it, not 50% of what merc said it was "worth" as the list price. The market dictates what something is worth, not the manufactureres list price. Something is worth whatever the market will pay for it new. This maths is the same regardless of whats powering the car (electric or ICE). I had the same experience with a petrol BMW i owned from new, again bmw heavilly discounted it as the new 1 series was a few months away at that point and they had stock to shift. The trade in price 3.5 years later was 50% of what I paid for it, not the list price.

@snodgee

11 күн бұрын

The Nissan leaf 2024 model used is only £17500 on auto trader and that is from a dealer so if you brought it for about £30000 and sold it to that dealer you would only get £14000 that’s over 50% in a year

I’ve never bought a brand new car! 2 reasons, depreciation & my own finances, not being able to afford new.. the newest car I’ve ever owned is our current one. The Zoe. Got it last July for fourteen & half grand ,15 months old and 6,300 miles on it!

@Burtis89

11 күн бұрын

Same never been able to afford anything that's not 20 years old basically all depreciation has been done 😂

@markrozee

11 күн бұрын

I bought a 71 plate zoe 50, last summer. I love it. 2p a mile❤❤❤

@st200ol

10 күн бұрын

Mileage is basically irrelevant with regards to EV's, well Zoe's anyway. I did the same got a very low mileage one, ex Motability, 5000 miles at 2 years old. It must have been kept at 100% SOC for a lot of its life and only has 78% battery SOH. Renault won't do anything about it either.

@johnristheanswer

8 күн бұрын

Anyone got a Zoe by any chance ?

@jvoric

8 күн бұрын

@@johnristheanswer 🙋‍♂️lol

I recently was in the market for a new-to-me car. Me being me I also did a bit of number crunching. In the first 3 years an EV will depreciate about 50%, an ICE car will lose about 40% of it's value after 3 years. After the first 3 years both ICE and EVs depreciate at the same rate, both lose a further 15% in years 4 to 6. The take home point for me was to buy a 3 year old car regardless of whether ICE or EV. The elephant in the room of course is the total cost of ownership ie adding the cost of fuelling the car. Insurance is slightly higher for an EV but servicing / maintaining an ICE car is higher so those two cancel each other out. If it's a first EV you should factor in about £900 for a home charger The cost of fuelling my EV is 7p kwh (overnight rate). I get about 4.5 miles per kwh which gives me a cost per mile of 1.55p per mile The cost to fuel an ICE is £1.55 per litre / £7 per gallon. At 40mpg the cost per mile is 17.5p per mile 10,000 miles per year in an EV costs £155, or £1,550 over 10 years of EV driving 10,000 miles per year in an ICE car costs £1,750, or £17,500 over 10 years of ICE driving To fuel an ICE car costs me 10 times more than an EV, a saving for EVs of £16,000 in 10 years. The money saved in fuel not only more than outweighs depreciation but could save you enough to buy your next car.

I paid list price for both the e-Niro and the Ioniq 5, plus 2k EUR as that's the "On The Road" price. Never heard of anybody paying less (also ppl waited months some over a year for delivery) . This is the ROI, maybe the UK works very differently.

Absolutely true, my past cars, I have been buying them cheaper new than a 1 year old one. Go when they are desparate to reach their quotas!

Another good video, thanks. Surely though, when calculating the depreciation over 3 years, you need to consider the new price (list/discounted/whatever) as it was 3 years ago, not as it is today. I'd bet the best new price of these cars was higher then than it is today. 3 years ago we had massive manufacturing issues, a chip shortage and a ship stuck in the Suez canal. Cars weren't cheap.

Absolutely, the last time my wife bought a £15k Corsa, it was £10k pre-reg in 2018. And an e-208 can easily be had sub £20k right now. More bargains will occur later in the year when EV quotas are needed, discount £12k or fined £15k.

The e-corsa can be bought from a major dealer for under £20k with £675 with of free charging and a cheap wall box.

Of course deprecation is lower than advertised, but then again, I don't think any one buys a car thinking about selling it later. It's a big decision because you want it 'forever' so this calcs, if not it's always cheaper to lease

Support the analysis but not fully correct. The deals on offer are often for cars with a spec or colour or options (or lack thereof) which results in the dealer being stuck with them. If you want specific colour/spec/options the price goes up I considerably! Even if you use the various online discount sites the dealers you contact seem to end up misunderstanding what you asked for and guess what, the price goes up!

The other con is in the extras. Typically, Asia built cars come loaded with extras so that they don't have to be added at the dealer's. European cars come with few extras and they're then added at the time of the order being placed. This means that the "List" price of EU built cars is usually far below what you actually pay, resulting in the depreciation of EU built cars appearing to be so much lower, this is especially true of German cars, whose add-ons are sooo much more expensive

For some the depreciation may be completely meaningless. particularly those who buy a car and run it until the end of its life. I've got a Leaf and sure its lost a bit in the 4 yrs I've had it, but, I'd have to compare that to how much I'd have lost on any other car or spent on an equivalent ICE, buying it, running it and fueling it. Probably about the same.

Great video, the inflated list prices are just as much to blame, if they were based on reality then the calcs would be similar. The other thing with list price is they usually stick with the 0% finance offers.

I have always thought anyone in the media who calculates depreciation from the list price is deliberately lying.

The bit I find weird is how wildly it fluctuates. Just sold my almost 5yo Tesla M3LR for £18,350 (£55k new so down by 2/3rds), yet a year or so ago the values were way higher and in the immediate COVID/chip shortage crisis you could almost sell at no depreciation - that was definitely an anomaly though.

Only issue is that the list price is not irrelevant if you have to pay BIK as it is the list price that is used to calculate your benefit, not the price you actually paid the dealer.

3 years old , is my rule. After that depreciation slows enormously. Never have and never will buy a new car😂

Why not do it on real prices over the last 4 years rather than prices today in a stagnant / falling market post covid. If you can find an e208 brand new 2 years ago for 22k I'd be interested to see it. As of today if you bought in the last 2 or 3 years you probably have lost 22k. If you bought a Taycan you've probably lost 60%

Those price drops on new ones are the previous MY models I guess. Mind you a Leaff is probably the worst buy these days. Giving you a Massif loss in next years.

I've never got my head around who actually sets these figures. Saying a car is only worth what someone will pay for it is nonsense to me because as a buyer I can only get what I think is a good deal using figures set by the trade who have a vested interest to inflate the price in the first place. It feels like a cartel is in operation and I'm stupid enough to keep falling for it. I've lost thousands over the years , madness indeed. People who understand money do not enter this playground.

Depreciation is a big part of the lease payment, at least the dealer's guess what depreciation might be. It's maybe important if your new car gets totalled before you wanted to sell it. Long-term owners can ignore it.

Stay down the depreciation curve, buy older and keep for as long as possible, the 1-series I bought 10 years ago at 3 years old is still worth 50% of it's purchase price in 2014.

I seriously think that depreciation is about to go balistic. If there is a new wave of EVs coming, and the quality goes up with the price coming down, it wont just affect the depreciation of EVs. Who will want to buy a second hand petrol car if in a year's time there are good EVs that can be bought new, and they are maybe a fifth cheaper than new EVs bought today?

Andy - talking about faulty figures, you're £40 out on those Peugeot numbers at the start. I reckon that's deliberate to get more comments to boost your channel, well I'm not falling for it.

According to the list price when I bought my current car, and the current 2nd hand price, it would have dropped around 20 grand, or ⅔ the list price. But given the buy price was ⅓ less than list, depreciation is around ½ of the actual price, or 10 grand. There are always deals to be found. 2 things you never, ever believe about cars. List price (except Tesla and probably Merc) and economy stats.

When I got first interested in the economics of cars as a teeny (I wanted my dad to buy a different car, so did some research…) I learned, the moment a new car leaves the dealership it loses the largest chunk of its value. Compared to list price it might be up to 50%… still I bought my first EV new. And there was no discount, but up to now it has not lost more or less than an equivalent petrol model… Obviously, the issue at the moment is that falling battery prices and scale effects will mean that I will have to live with higher depreciation compared to people buying new now… But that was a conscious choice at the time…

Media outlets only publish to their own agenda. Which could also be put as "Do not want to upset advertisers". Depreciation is a fact of life on pretty much all products. So I never even factor it in when buying a car. I just buy what I want/can afford. Then again, I keep them for a good few years.

The used price of many cars fluctuates from region to region. You can always ask a local car trader for a price to buy your car especially if they would sell it afterwards. New car dealers or car buying sites just auction it off and your local trader pays fees and delivery on it.

I don't understand why manufacturers post such unrealistic list prices. Surely they just put customers off? Is it just as bad for ICE cars? Trade-in prices are also a dark art. I got 7,000 Euros more for my 3 year old Leaf as trade in for a 12 month old Ioniq 5, than Tesla was prepared to offer as part-ex on a new Model Y. (Inventory model.) You can only look at what the net cost is when trading in, IMO.

I’ve bought an 4 year old Egolf to replace my diesel superb, the depreciation cannot even keep up with the amount of fuel I’m saving. Terrible range, old technology… that’s what they apparently.

@ElectricVehicleMan

6 күн бұрын

Worth double checking if the car suits you before you buy it.

@andyhamilton

6 күн бұрын

@@ElectricVehicleMan on paper and listening to EV haters I would not have bought a car with 120mile range when my daily commute is 70 miles. I know some people would have a panic attach when I’m perfectly happy with my purchase, 3,500 miles in 3 months. Hassle free and completely free for me with solar. I was going to buy a model 3 but with buying a higher performance car (which I’ve owned) comes higher running costs. I’m planning on keeping this for 6 years and around 160,000 miles

Didn't pat list on my Tesla. Was on their "used" page. 180 miles. £39300 when the new price was £43k (after the tax credit was removed). A year later the new price has gone up to £47k. And mine was the standard range with the £1k optional tow bar

Great video. Had a brand new M4 in 2014 for 3 years & lost 30K in that time so not a new thing.

I paid list price for my e-2008 back in 2020. No discounts to be had back then around here. So, planning on staying with it 7-8 years to smooth the price pr km out a bit.

Stellantis are the kings of the insane list price. Looking at at you 40k corsa.

@salibaba

16 күн бұрын

isn't it the astronomical Astra?

@Brian-om2hh

11 күн бұрын

Nobody in their right mind would pay the full list price for a Corsa E, nobody.

Got my e-208 for £12k. Love it!

I never owned a new car, I normally get one two years old, when people are trading out of there pcp contracts and you can get some really good low mileage bargain, plus most cars are still under warranty for another year in that area.

Hi we have a 3 year PCP stuff here in Ireland, so deposit/trade-in ,monthly payment 37, final payment or Guaranteed futures value, Deposit + monthly = 66% and GMV is 33% An example id4 pro max first was €59,000 ish The gfv was 19,000 The 2024 id4 pro is 45,000 so who would buy a 3 year old for 25,000 from a dealer Hand it back using GFV against a new one and then fund the 25,000 in anyway you want pcp gfv 15,000 ,monthly of 10,000 over 3 years . But the cash buyers in 2921 are screwed .... My 2 cents worth

That's a shame. I deliberately bought quite a higher mileage Zoe, so I know it had been regularly used. I get 230 miles in summer. Way more than I need.

I have been buying new cars for 46 years, depreciation isn't new! At that time any new car would lose one third of it's value when you drove off the garage forecourt for the first time, and that was the same for a Ford or a Rolls Royce. Then I was paying on HP repaying the full price in three years, then back to the garage and negotiate a new deal. Had a car in the early 1980s with zero interest because I was away and took delivery when I returned to the UK and while I was away he sold my old car twice and another new car, interest rates then for HP were 19.9 percent! If you buy a car today on PCP AND LOOK AFTER IT keep the mileage to the agreed amount you get at least the guaranteed price quoted in your contract so why wouldn't I take any notice of the b.......s printed in car magazines, they only do it to sell there magazines, remember never let the truth get in the way of a good story!

EVs will depreciate more than ICE cars purely because it is still a relatively infant industry. Meaning, there is still a lot of room for advancements to be made. So a breakthrough, such as new battery tech, will cause current cars to depreciate much more than ICE cars (good for used car buyers). This isn't the case with ICE cars since improvements are very small and there is little scope for major advancements to be made. Hence a relatively stable market.

Great and informative video.

For the Leaf, the OTR price is actually less than the supposed depreciation! You can buy it, run it for 3 years and then throw it away and it would cost you less than the supposed depreciation!

Cheers mate

Got new lighting? Looking good.

Well, most people who ordered an EV 2 years ago paid sticker and waited 9 months 😢

@bellshooter

16 күн бұрын

Having ordered one 41/2 years ago I received a £3500 grant and a £3500 discount from list , so one case isn't the whole story...

Sorry EVM, you seem to have your figures wrong on the Peugeot. You appear to have taken £10250 from £21705 rather than £22899.

You forgot for the same reason you do not pay full retail price, you would not pay that price second hand. It will be lower also.

@ElectricVehicleMan

11 күн бұрын

Part ex price is what they’ll give you. Buy price is a starting point.

4k trade in versus 9k private sale.... go figure...

Daily mail click bate stories they hate ev

@MatthewSimpson2006

14 күн бұрын

Daily mail just seem to like giving their readers something to hate. especially if its different and new. I saw an "article" from them talking about the increase in pot holes in the UK being the fault of all the new EV cars on the road as they are heavier than petrol cars. Completely skips round the fact that ALL cars have been getting heaver, and people have been buying bigger and bigger "SUV" style vehicles for years. Also the climate change has had an impact with even the government transport department saying we need to switch the type of road surface we use to be more resistant to the weather conditions we now have.

@sca1972

13 күн бұрын

⁠@@MatthewSimpson2006They were forced to admit they lied about EVs causing pot holes and had to print a retraction.

Just a few weeks ago..... there was a few pre-registered zero miles Nissan Leafs for £12,800. Anyone buying one of those will get almost zero depreciation after 2 or 3 years of ownership.

@HiruS22

11 күн бұрын

Being discontinued though isn’t it?

Great video.

It's funny that depreciation has been a thing always, but if you look at so many comments on EV content online, you'd think it only applies to electric cars! The same for car insurance going up.

Pretty much nobody buys a car in that price range for cash, they’re nearly all leased/PCP

As you say they have all the same information you have, the question we should be asking is why do they publish such obvious bs. If it was just EVs I would see the anti EV stance but it's not don't they want us to buy cars?

I was a car salesman for years and depreciation hardly ever came up. People buy with the I hearts not there heads. Great way to explain it though. It was much simpler 25years ago.

The Citroen EC4 can be picked up for peanuts nearly new

On auto trader you can buy a used Nissan Leaf 2024 model for £17500 so if you sold that car to the dealer you would only get £14000

It's got to the stage where these "motoring journalists" are just spewing out stuff that gets them clicks. Facts and sense-checking is irrelevant to them (and would take them more time).

Why do the motor press not tell the truth? Money. Sensationalism sells more clicks than the truth. Sad but true.

EVs are a better second hand buy. Especially Tesla. There is little to go wrong in an EV. A three or four year old Petrol or Diesel has many more working parts to wear. A rule of thumb is a 50 grand car will lose 1000 pounds a month in the first year. 500 in the second and 250 in the third. Unless its a BMW that has had indicators fitted. They are like hens teeth and get snapped up. Not many of those around though. :)

Try buying a car from VW now or any of the VAG group.

Also, new cars include VAT at 20% while used ones don't. so there's 20% depreciation right there

@peterletts194

11 күн бұрын

Well yes but depreciation % is on the new vat inclusive price.

@raffiefoxmew3691

11 күн бұрын

Used cars will have tax on them, but it's bundled in by the used car sale IF you buy through an approved dealership. They will usually apply tax on their profit made, between selling the car to you vs. what they paid to get it on the forecourt from trade. Only when you buy a used car privately do you not pay tax.

@sie4431

11 күн бұрын

That doesn't really matter for the average person, you only care about the price you paid vs the price you get

@davidrunnalls3039

8 күн бұрын

You can only avoid VAT if you are VAT registered all car sales have VAT added look at Auto trader and you see lots of adds saying VAT qualifying, so add 20 percent for the individual purchase.

“This is not an EV specific video, it’s about every single EV”….. 🧐😂

you work for Givenergy, could you find out when it's going to be compatible with intelligent octopus go. as octopus as got no new ev chargers in testing at the moment, so the delay is giv's end.

@ElectricVehicleMan

11 күн бұрын

We’ve been ready for months, it’s Octopus that decide when something goes on, not Giv.

@AndrewEbling

11 күн бұрын

@@ElectricVehicleMan I see the EV charger is now being given away free with other products - not surprised, as without IOG support, there's no man maths biz case!

@ElectricVehicleMan

11 күн бұрын

@@AndrewEbling Only for July.

@AndrewEbling

11 күн бұрын

@@ElectricVehicleMan and only if you buy both an inverter AND a battery. The offer tempted me for a moment to consider adding a second 9.5kwh battery, like you've got, but without IOG support on the charger, it's a non-starter, free or not! Then I realised I'd have to buy another inverter in order to qualify. Double nope! I wonder what the hold up is on Octopus side? I should probably hold out on a V2G charger, since I can see my Enyaq supports bi-directional charging in the SW.

@ElectricVehicleMan

11 күн бұрын

@@AndrewEbling head tech guy at octopus: x.com/agile_phil/status/1806028475083477013?s=46&t=o_NQRH5kv6Nms5FUG4U5Hg

Is that also true that the fines for not reaching a percentage of EVs is more than they are discounting them for?

If you want to be terrified by depreciation, buy a Bentley.

You'd have to give me the depreciation in cash to have either . Always been the case that the list price is meaningless

Weird deprecation tables aren't the issue, it's the data, and rationale for the data you don't like. Also the math is off.

You're a fine thing ❤

I'm a simple man. When I see EVM's whiteboard - I click.

Leaf is good value at that price

Wouldn't you want to include financing in the initial price?

@ElectricVehicleMan

11 күн бұрын

Don’t have to get finance, plus every deal is different so no set amount can be added.

Sorry but your thinking is wrong. 3 years ago the cheapest LEAF 40kWh n-connecta was £22,000, pre registered, I bought one. Nowhere near £16490 that you are quoting may be bought now but in the real world is £22000 down to £8525

@ElectricVehicleMan

4 күн бұрын

Would you like to see the advert where it’s advertised for that? Didn’t make it up.

The Intro: 'This not an EV specific video. It's about every single EV' 😅 (The first segment you say all cars, though, must've been a different take!)

@ElectricVehicleMan

11 күн бұрын

Meant to say car!

But a new Golf R-line is £27,350 yet 3 year old examples are £18,750 (according to Autotrader). It appears to be affecting EVs, not ICE cars because the general public don't want a BEV.

@ElectricVehicleMan

11 күн бұрын

@@sargfowler9603 That’s what they’re selling for, not part ex price which is what this uses. Do the same for an EV, there’s little difference.

@sargfowler9603

11 күн бұрын

@@ElectricVehicleMan Appreciate the comment, but £16,905 was the lowest part-ex price I found on Parkers for a Golf R-line 2021

@ElectricVehicleMan

11 күн бұрын

@@sargfowler9603 Now do the same for a ID3

@sargfowler9603

11 күн бұрын

@@ElectricVehicleMan £12,875 to £13,275 (Pro 58kwh) trade in. They're £38K new, cheapest on auto trader... I've seen several videos on other channels that say the same thing. A BMW ICE and BEV version of the same car have vastly different trade in prices.

@ElectricVehicleMan

11 күн бұрын

@@sargfowler9603 That’s a new facelift with a much higher price. In 2021 they were going for £25k to £27k (Givenergy bought 2 x for £23.5k) You’d have to see what they would’ve cost then, not what they do cost now.

The cars which were purchased 2 - 3 years ago were sold at a premium, you yourself did a video highlighting the value of how your used Tesla at the time had kept its value. In 2021 - 22 you were not going to find any discounts as there was no stock - I know, I bought 1. The market has now normalised and particularly in the EV market, there is surplus and the current new prices reflects that, which in turn has had an impact on the depreciation of some cars which were purchased during that specific period. While I accept your comments regarding the mainstream press, your examples are to some extent equally poor as you are comparing cars at todays prices and not comparing the price of vehicles when sold 3 years ago thus rendering your example equally meaningless.

@ElectricVehicleMan

11 күн бұрын

The point is about table accuracy, not what happened 2/3 year ago. For decades this has happened so averaged out is perfectly valid. The only examples I could give are today’s prices for obvious reasons.

1:30 You still haven't told us what you're actually cross about…

got new 💡s fitted? 🤔

@ElectricVehicleMan

11 күн бұрын

??

Isn't depreciation just part of the total cost of ownership? If the depreciation is a bit higher but the running costs are lower, that could balance out.

@bellshooter

16 күн бұрын

Of course, but real depreciation , not inflated ones. Need to understand the real world costs.

The problem is that your figures are as faulty as you claim the industry prices are, yes there are places that advertise say a Nissan Leaf from £17495 (not £16490 though) but no one is going to buy one that cheap. So your as bad as they are.

@ElectricVehicleMan

10 күн бұрын

@@SidBonkers51 would you like proof of the £16.5k offer? And why wouldn’t anyone buy one that cheap? 🤦‍♂️

@bordersw1239

10 күн бұрын

Yep, given a cheaper alternative, I always choose to pay list price on everything.🤔

@SidBonkers51

9 күн бұрын

@@ElectricVehicleMan I thought you were the expert? The *From* price is a come and buy me advert it will be the base model with no tax and enough charge to get you off the forecourt. oh and the price I gave was the *From* price yesterday from Carwow, so no I dont wont proof, but thanks for the offer..

@ElectricVehicleMan

8 күн бұрын

@@SidBonkers51 No, it’s a specific car advertised at a specific price. It’s not rocket science!

@SidBonkers51

8 күн бұрын

@@ElectricVehicleMan Oh, does it have metallic paint or is that an extra? What about mats? Oh. what level of trim would that be. I can do this all day, I used to sell cars for a living so I know how it works, and what the word "from" means and very few people buy at the base price.

9:53 9:53 I hope you see this comment and respond.😊😊😊😊😊😊😊😊 Your response would make a great video. I would like to know if internet pricing by car dealers is as deceptive in the UK as it is in the US. In the US a price will always have an asterisk next to it. The asterisk takes you to the terms necessary to get that price. For example, are you in collage, the military, over 65, trading in another manufacturers car. Do you work for the dealer's car company? Can you pay cash? Is your income below $$$? And if you meet all of those criteria, you may get that price, plus destination charges, dealer fees, taxes, title and tag fees.

Porsche macan cost £73k new and 4 years later selling for £55k. Stop talking. My M2c cost me £42k and I sold it 38k 3.5 years later. Depreciation is based on demand of the car and brand. A Tesla at 3 years old is worth much less over the same time. Same with other junk

@ElectricVehicleMan

11 күн бұрын

So you’re saying these tables media use are accurate due to those examples?

@mattx4253

11 күн бұрын

@@ElectricVehicleMan the depreciation is calculated by the finance company who have data on each brand and car. The GFV is usually worse case scenario and normally 15% below auction value. Take Tesla for example. A 50k Tesla at 40k miles 4 years old is £19500 GFV that’s a 30k loss plus finance costs so around £38k. You picked in your example some of the worst cars you can buy. Dog shit cars depreciate more than highly desirable models. That’s why porches except the taycan don’t depreciate and some even appreciate for a while after new. Problem is today electric cars are worthless used because no demand in the used market and over supply and tech improvements

@ElectricVehicleMan

11 күн бұрын

@@mattx4253 The examples I used are from 2 x top 10 tables from whatcar etc that this video is literally about! I’m not comparing petrol v electric, I’m not saying it’s across the board it’s purely about the accuracy of these depreciation tables. So of course I’m using those examples! Can’t make the video any more obvious.🤷‍♂️

@mattx4253

11 күн бұрын

@@ElectricVehicleMan the tables don’t factor all the discounts etc. I work in finance so I understand residual values of hard assets. What matters is the cars net price and the GfV of the finance and the costs between. Depreciation is the worst cost of a car by far so it’s the one thing you need to get right.

@ElectricVehicleMan

11 күн бұрын

@@mattx4253 Yes, and these tables are incorrect as they assume everyone pays list when in reality it’s not even close. Thats the point of the video, it’s literally the title.

Your approach is spot on and shows the magazines approach is deeply flawed. Used Resale price is directly related to the new best achievable price, not the list price. Simple economics.