DoneDeal Report - EV Average Prices

Gumbo

https://www.boards.ie/discussion/comment/120639515#Comment_120639515

Your last paragraph is exactly what Elon Musk predicted.

We may already be heading that way with younger generations not buying cars, using GoCar etc

Large apartment developments now have significantly reduced parking requirements from a planning perspective. Facilities on site such as shops and gym etc mean they can walk or cycle to many places.

I see people paying extra for rent in the future but closer to city hubs with everything within walking distance.

creedp

https://www.boards.ie/discussion/comment/120639658#Comment_120639658

Now if they could only build a metro to the airport people wouldn't need to drive their pesky cars to the airport to jet off on weekend trips. Would solve the parking problem at the airport and eliminate the need to drive down the country to get away from their claustrophic environmentally sustainable lifestyle. No need to drive when you can fly to far flung destinations. Now just need to bring on those env friendly airplanes.

Mmm must have got a touch of sunstroke this fine pm😁

tom1ie

https://www.boards.ie/discussion/comment/120639190#Comment_120639190

€800 a month or €600 a month that could be used to:

pay off the mortgage early

build up a rainy day fund

go on holiday

college fund for kids

etc

But that just my opinion to be fair- personally I think there’s better things to be spending money on than a car loan but each to their own.

Also as interest rates go up pcp and hp rates go up along with mortgage rates leaving people more exposed to debt.

Baoithin66

I purchased a new Niro in 2021 and paid 17,500 to trade up from a 2017 Honda CRV. Very happy with the Niro and with home charging and charging beside my office it suits me BUT priced to trade up to a 2022 Niro and best price so far is 12,000 for the K3 or 15,500 for K4. I think I'll be holding on for another year!

Gumbo

https://www.boards.ie/discussion/comment/120640663#Comment_120640663

Everybody has different priorities. ELM may have no mortgage. Big fund already. Lotto winner etc 🤣

Ive a brother that doesn’t drive. They are just boxes on wheels. Yet will buy 20 blue every other day. Horses, courses etc

https://www.boards.ie/discussion/comment/120641052#Comment_120641052

Yeah but I think the point will lie that that's far too much for random punters. All car prices have far outstripped inflation for several years now

josip

Did anyone else "pay cash" for their car? We did.

MojoMaker

I think most people did. 7%+ for finance is a bit nuts.

Gumbo

https://www.boards.ie/discussion/comment/120641438#Comment_120641438

I did 💶

Licky enough to never have had a loan or HP and I’ve no idea how any of this modern PCP works!

ELM327

https://www.boards.ie/discussion/comment/120640663#Comment_120640663

Well I was paying 600-800 in fuel costs before I got an EV. So its much of a muchness

https://www.boards.ie/discussion/comment/120641052#Comment_120641052

I have a mortgage but its 800 odd a month and between two of us in tech. I'm generally at or above 6 figures each year - depends on shares and bonuses etc - and I dont go out to pubs etc , I spend my money on cars and takeout coffee! I have a rainy day fund, take enough holidays etc.

liamog

https://www.boards.ie/discussion/comment/120638235#Comment_120638235

Why do you think mechanics will deliberately avoid learning the skills to service the power train on an EV? I'm sure some will choose to do that, but in practice most will treat it exactly as what it is, just another car that needs work. We can already see independent repair and maintenance services in countries like Norway where EVs have been sold in much higher numbers for a much longer time. Is there something specific about the Irish market that is going to make our mechanics special?

joe1303l

https://www.boards.ie/discussion/comment/120642281#Comment_120642281

Scale is the issue with the Irish Market. Out of warranty EV’s are still in small numbers here. Mostly older Nissan Leafs. Such cars are relatively cheap and can easily end up as uneconomical to repair.

liamog

https://www.boards.ie/discussion/comment/120642361#Comment_120642361

Agreed, that's definitely a today problem, but there are some posters who think it's a permanent problem. There's currently over 50k EVs on the road, their all going to come off warranty and need maintenance. I strongly believe that we'll see the same independent garages that we have today upskill to service them. Any garages that can't see the writing on the wall and adapt deserve to fail.

Red Silurian

https://www.boards.ie/discussion/comment/120635597#Comment_120635597

My first car was a 3.5 year old leaf 40 I picked up for 21k. The equivalent for that price and year at the time was 1.8-2.0L petrol tanks. Small cars at the time were very popular as the cost of living crisis was starting so the polo would actually have cost more at the time

At the time you could get a unit of electricity for half the price it is now so even if it cost more it would be worth it in my mind

eagerv

https://www.boards.ie/discussion/comment/120641438#Comment_120641438

Yes we also did. I have never bought anything on credit, except for a small mortgage on our present house (Now thankfully done with).

If we cannot afford, then we do without. Perhaps I am a bit of a dinosaur, but that's the way I have always been and I have no wish to change. Even when we were younger and moved to our present house we managed with furniture donated or bought cheaply second hand until we could afford better. With both of us earning and the kids now more or less independent, we are thankfully in a position for a few luxuries. Yes, I do consider a car like a Tesla a luxury, albeit a practical one...😋

I get the feeling, in the main, there is a generational divide here

elperello

https://www.boards.ie/discussion/comment/120644242#Comment_120644242

You may have hit on something there.

But the main divide is definitely money.

The buyers who are counting themselves lucky to get a 15k credit union loan are more numerous than the 50k cash buyers.

StonedRaider

Always cash. Majority of my customers also prefer to do business with cash. Only credit is the mortgage which is being overpaid by the max. Should be done with it in 6yrs