EV Depreciation 2023

Everything was daft then, but I’m really just assuming we are talking about someone who bought new in 2020 or 2021 and is changing now.

Mind you in the US it seems Toyota and Honda are plagued with dealers price gouging on new Hybrids, the Rav4 prime as it’s called being a particular victim.

Logic would suggest that over the last 3 years those of us buying EVs were buying them brand new so they will be depreciating faster than ICEs for that reason

With that being said the main dealers seem to be artificially inflating the prices on their websites of their second hand ICE models which might not help matters either

€12k cost to change at a main dealer to go up 2 years on a car in the €30-40k is great going, @Buddy Bubs . Nothing to see here folks, thread closed 😂

given the pressure the distributors tend to put on them to take cars and pre reg them for a lot of models they will always have stock to shift imo.

I think you are spot on on the depreciation of EVs. My 211 ID3 which I traded in Feb last year for close to eur 33k went for sale at 38k (37k new price). Over the last 10 months it has dropped a few times in price to 28k the last time I checked. I think it has to drop further to maybe 25k at which point it will have a better chance of selling. That's close to 40% depreciation which would be 'normal' for a 3 Yr old car. IMO the same depreciation applies to all the other 3 Yr old ID3s currently for sale. Nothing extraordinary about it other than normal depreciation rules apply again.

Same price as an equivalent model y, but with a free actual engine!

That model Y is not only missing an engine, but is also short awd and a bit of midrange grunt the rav has.

The dual motor is the closest comparator.

And you forgot the thousands you save per year on fuel, maintenance, tax, insurance, @Gumbo. And I have no doubt a €46k Model Y will have lower depreciation than a €55k PHEV Toyota RAV4.

Does that mean our used Y’s are worth 2k more than yesterday ? 🙏😂

Same price as a civic and less than a crv. The price differential between Toyotas and the Lexus equivalents isn’t much anymore either, and a better car than an x3.

a 46k model y wouldn’t have done what I needed. Running costs are the same. Rav lost 4k per annum which made it a cheap car bar the upfront cost (it was prob closer to 50k mind, I can’t recall as I traded a civic against it)

How much would you save on insurance?

Ditto tax?

Maintenance on a new car?

Fuel - if it's mostly electric you drive on then mightn't be much.

Depreciation, who knows!

I'm not sure where you are getting the "thousands" from.

@maidhc - "a 46k model y wouldn’t have done what I needed"

We know that. Regularly driving 700km in Ireland without passing a single fast charge point. That's why I recommended an EV is not for you.

I admit I am not that familiar with the current state of the non-Tesla public charging network in Ireland, particularly outside of the motorway and national road network, but I still find it hard to imagine that trip is even possible 😁