Problem selling nearly new MG4

you strike me as someone who didn’t get a Covid vaccine, believes the government are spying on you and by saying it’s a peaceful protest while torching a car , that it is in fact a peaceful protest.

You are going to take a serious hair cut on that MG, especially when 23 becomes 24. I'd tend to agree with another poster though who said shift it if you hate it. I considered MG because of price. No delivery estimate available in early 2022. Ordered Leaf 40 instead on a good deal. Nissan dropped the ball on delivery, finance and price. Ordered a Model 3 and had it within weeks. Love it.

What EV do you own?

Poppycock.

Every manufacturer clearly states the warranty for their batteries, including the battery retention threshold. Most, if not all come with an 8 year warranty at this stage. 8 years and you'll still have at least 3/4 of the original capacity remaining. Anything that anyone else says to you about EVs and their batteries should be ignored.

Lots of uncertainty in the market at the moment. Both with EVs and ICE. You can see it in whats happening in the UK market.

If you read it, then it's already in writing.

Sounds neither you or dealer had any interest in the other, and created a situation where both could drop the other.

I figured you were not an EV owner, or one with first hand EV knowledge. If you posted credible accounts, or even your own experience of dealing with the EV world, you might get some traction and might even make a contribution worth the effort of reading.

You mention a big car dealership in Munster who won't touch second hand EVs. Why not name them and give some first hand examples?

You mention the reason being they have serious problems with batteries. What problems? What brands? And Why would they then sell new EVs to their loyal customers if they know there are "serious problems with the batteries"?

Finally, it's very easy to find battery and other warranty details on any brand/make. Sometimes you just need to look.

I know a few chaps down the pub too who have an opinion on everything based on fairy dust and magic juice. The language and tone of your post is the opposite of what you claim in the first line of your reply to me. Worse again is that those new to EV research who have heard similar bar stool nonsense will actually believe some of what you posted. To coin a trump term, it's all "fake news" you've posted. Please educate yourself if you are not in fact just a troll.

Poor attempt at trolling @naughtyboy and weak backtracking for dessert.

Come back in 2025 for another festive go!

I’d agree with this too. Even I’m put off buying used at the moment because I don’t know how much more prices will drop in the coming months

Some garages just aren't comfortable or experienced enough with the software updates needed in modern cars. They really just need one competent person.

You could go to another MG dealer, you don't have to go to where you got it, find one that is confident in what they are saying.

I know there is not a huge amount of MG dealers to choose from around the place.

I’m hoping to buy EV secondhand in next 6 months, preferably early 2024 but yeah I think there’s still some way to go on prices further reducing- it’s funny, COVID seems like a distant memory but high EV prices and low supply seems like yesterday but things have moved on at pace - greater selection, and supply issues mainly sorted have certainly eased pressure on prices- I guess we have the pioneers who purchased in and around 2020 to thank for that but they’re the ones suffering a bit now

Kia wouldn't give me a value on my Born when I dropped in for a look at an ev6, and BMW wouldn't when I enquired about an i4. Just no interest.

I wasn't really a serious buyer of either at the time, just looking around for 2024.

I think everything will be dragged down by VW in the next 3 to 6 months, just a matter of time.

Don't see much in the 50k+ range selling in 2024. There will have to be loads in the 20s, small cars, new brands looking for market share, in the 30s to replace the focus and golf buyers and low to mid 40s for nearly everything else

Premium brands to remain premium at 50k+, everyone else forget about it

Early adopters have bought and are being priced out of buying again in many cases, now have to cater for the mainstream believers and the non believers will only buy when they have to.

As other have said so would wash and clean the car really well and take loads of photos. Then get on the phone and contact every MG dealer in the country and see what they will offer you, ultimately a year old car should be worth strong money to a main dealer.

Yeah fair point - but maybe not all dealers have stock? I’d imagine v few have been traded second hand

Main dealers buy cars all the time - obviously they want to sell new cars but if they can make money buying second hands they will do it too

It is now, but at the time the initial MG4 orders and deliveries were being taken, Elon hadn't done the whole '€10,000 off' thing - so the Model 3 was still above €50k price range.

And I think, without bringing this thread into the EV depreciation thing, that's been the biggest shake up in EV prices - Tesla to a lot of people ARE electric car standard, and the €10k reduction at start of the year blew a lot of the previous price expectations out of whack - the previous levels which seemed to be €30,000 ish = Peugeot, Corsa - €40,000 ish = VW iD3, Born, Leaf - €50,000 ish - Model 3, Ioniq 5, iD4 all went out the window. MG themselves help shake it up by bringing in the iD3 sized MG4 below €30,000 but for most people having the model 3 now around €40,000 and less 2nd hand has driven all other EV values down dramtically - on the worst affected imo are the VWiD3 and Born. The MG4 will suffer a bit as still always will be seen as 'cheap' iD3 but the iD3 and Born are now priced at same level as a new Model 3 and cannot compete (I'm also amazed that the iD4 seems so popular with the Model Y sitting there)

The other big losers have been Stellantis, Ora, Honda, Mazda, Ford and Jaguar - all of which have seen their EV sales crippled by being unable to compete, and having very poor options. Honda e is gone, can;t remeber seeing a Mazda MX30, Ford Mach-e, Jaguar I pace down to about 80 sales....

So my simple argument is - Tesla is in peoples' minds the benchmark, they cut prices dramatically and suddenly and it's still ripppling down. MG are caught up in it a bit, but actually in comparison to others are well placed to ride out storm a bit - don't care what OP says I like my MG4, its a great drive - but other marques are facing wipe out

If they are in demand used and 35k new, a dealer would get 32k at best- they might go to 28k to buy one - assuming it has no dents or scraps or bald tyres etc

He's not trolling. Some dealers are expecting more price drops and the depreciation on 2nd hand EVs has been far higher than initially expected.

EVs will continue to be high risk for dealers until there is some price stability. Due to a lack of supply the market has been skewed but with supply increasing it will probably take a cycle of at least another 3 years before we have price stability.

@Patser - "It is now, but at the time the initial MG4 orders and deliveries were being taken, Elon hadn't done the whole '€10,000 off' thing - so the Model 3 was still above €50k price range."

I am not sure you got your timing right. I'm pretty sure the MG4 was initially for sale / orderable in late 2022 at just €27k, which was good value. Back then and even still now. Any upgrades / longer ranges were always a mistake from a value for money / depreciation point of view, pretty sure some of us said that at the time. Also, Tesla put the second Model Y price drop through on January 14th 2023 (down to €45 point something thousand on the road and at that about the same price as a Model 3). Surely that was before most MG4s were delivered.

I think the 10k difference was still there At delivery for the first batch but not when the OP got theirs. They seem to have picked it up this summer??

At launch the MG4 went from €27,500 at entry to €34,500 for the full loaded. That was September 22 so at that point you had a €15kish jump from a fully loaded MG4 to the bog standard model 3 which was huge.

According to the Times, The model 3 dropped in January 23 to €45 for the entry level. As that drop got them the 5k grant and dropped the difference to 10ish.

It gets closer after that as MG pushed their prices up to closer to €38 and Tesla have come way down to closer to €41.

So people that had been unable to make the 15k jump in 22, still couldn't make the 10k jump at the start of 23, but now it's mad not to take the model 3.

But in saying that I've seen a lot of people considering the MG4 as their favourite EV to drive. I think the fully charged guy uses his all the time.

@Brian_dub_ I sent you a PM. I could be interested in purchasing if you still want to sell