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Motors Used EV Values Dropping Fast

Discussion in 'General' started by Mr_Mistoffelees, 26 Mar 2023.

  1. sandys

    sandys Multimodder

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    Yup pretty much this

    I'm not an EVangelist but some of the EV viewpoints on here :eek: Is this a tech forum or mumsnet :D

    Do you think a Hybrid some how will never fail and has magic batteries, lets think about the worst use case for batteries, continual battery cycling :D never mind the complexity of integration on some of these things, I have one BTW, I'm not knocking, just best to not to be blind about it being some how better. a well managed large EV battery has better prospects than one in a hybrid but there's plenty of evidence to show that even they last fine.

    While the general feeling is oh its OK I have the ICE if this battery does not work, can it be taken out of the system so easily, all the emissions based stuff will rely on the 48v system, stop start etc. how is that car going to function?

    Get some costs on replacing that, and its associated gubbins, plus the costs of servicing and repair of the ICE side itself you'll find it surprisingly high.

    No machine is going to be cheap to run EV or ICE, an EV for the most part should at least save you a stack in fuel and servicing (assuming home charging) as it is a bit simpler, if you buy as a company car the tax is also super cheap.

    Batteries on EVs wouldn't be my concern, longevity of the motors etc, the effect of the high current systems and their longevity when built to a mass production profit model (cheap as f&*k), batteries are actually serviceable and don't need full replacement, it's just not something that's really done 3rd party as there's not a market for it, there aren't many needing it, but it'd appear if there was a need, the motors and supporting hardware....not sure that'll be the case, need that crystal ball to determine that.

    Want a nice reliable, repairable motor probably best not to buy anything from the past 10-15yrs, once all the Euro standards started kicking in the complexity of standard ICE stuff has gone a bit silly. Of course you need to ensure your cheap old banger has a replacement market for repairability at that age, need some good crystal ball work.

    I don't think many are that blinkered, whole life costs are much the same in terms of CO2 particularly in the UK, EV or ICE, can't argue with the improvement in local emissions though, I did choose to go for mine for wishy washy green reasons, I'm not ashamed to say that, more so air pollution around town and the areas the car spends loitering waiting for kids etc with us sat in heat/ac engine running, the running cost etc, I don't care about personally but I'm not upset a 2 tonne SUV is doing the equivalent of 100mpgs in stop start traffic despite being a terribly inefficient PHEV, an efficient EV would be more than 2x as efficient on the electrons.

    Indeed, I have taken so many cars over 100k mostly petrol for me and a few near 200k, I have couple of cars now @ 100k, they should go on for a couple of years yet and didn't need major work, but of course the level of servicing they require is not to be understated alongside the running costs for that period, and they are most definitely very used and feel it.

    At 10-12k Why would you buy a leaf and not just get a home battery at that size for half the price which can always stay with home, surely it is more convenient, just wondering?

    Used to be me pre covid, Bristol to Maidenhead commute, wanted an EV to maximize cost savings but it was too marginal to choose EV, I'd have no qualms with a Tesla, 200+ is easy for them but the EVs I liked, like the Polestar were rubbish on economy.
     
    Last edited: 27 Mar 2023
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  2. wyx087

    wyx087 Homeworld 3 is happening!!

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    Well, £2200 for V2H and a new home charger (my old podpoint wifi stopped working, no more data :( ), then imminently have access to 10+ kWh of capacity. My calculation tells me V2H install cost is paid back in less than 2 years with time-shifted electricity saving alone, not including saving from higher utilisation of solar PV.

    If it works well, we have the option to upgrade to a newer 40 kWh car. Get 30+ kWh of house battery that also functions as a secondary car. 30 kWh of home battery would cost over £10k if using cheap ones, eg. not 2x 14 kWh Tesla powerwall. This is to get buy low sell high game, or to support future heat pump install.

    Of course, it's because wife does school runs and don't drive on road she doesn't know. She WFH between school runs so V2H works for us because only less than 2 hours a day it isn't on the driveway, typically.



    Hence I don't see really old EV's depreciating to as low as old ICE cars. It is entirely possible, in 5 years time, to find a cheap first-gen Leaf for a few grand, SORN it and hook it up to a second hand V2H unit. 10+ kWh of home battery for less than home battery. You get a car as a bonus if don't SORN it.
     
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  3. DeadP1xels

    DeadP1xels Social distancing since 92

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    196k on a F30 BMW here :)

    Depending on the car, mileage and manner of driving at a certain point north of 150k things start to fall off in consecutive order and everyday is potentially new issue. I had a friend with a Volvo estate well over 200k he couldn't bare to part with because it just kept going and going.

    I remember being amazed how silky smooth my car would drive. Everything now just rumbles and judders :(
     
  4. Spraduke

    Spraduke Lurker

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    Your mileage may vary!

    Agreed that diesels can run on well past 100k (my dad reached 250k one one once) but depending in how many years you do it as to how much its prone to falling apart from rust and age. I was basing my comment on common perception of petrol's (and some diesels) in that most people would be nervy picking up a 2nd hand car with that mileage on but if theirs is still trucking then of course they will run it on longer (much like EVs with degraded batteries I suspect).
     
  5. Mr_Mistoffelees

    Mr_Mistoffelees The Bit-Tech Cat. New Improved Version.

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    When I learnt to drive in1983, a car that had ‘gone round the clock’ was probably knackered. Since then I have taken two Diesel Citroens well past 100k, with few problems.
     
  6. Mr_Mistoffelees

    Mr_Mistoffelees The Bit-Tech Cat. New Improved Version.

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    I did read once in Autocar, decades ago, that BMW straight sixes tend to do better as they get old, if they are used harder rather than driven gently. No idea how true that may have been.
     
  7. Krikkit

    Krikkit All glory to the hypnotoad! Super Moderator

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    No, not really. If you look at even the early Leaf their battery management is good enough that they manage at least 200,000km before they have a significant range drop.

    ETA: https://insideevs.com/news/429087/best-worst-ev-battery-degradation/

    As expected the PHEVs are the worst for hammering their batteries, with tiny capacity and frequent deep-cycling.

    As for the price drops, I think it's a 2-fold cause:

    1 - cost of living - people are handing back lease cars and not taking another, leaving a glut of cars in the 2nd-hand market available
    2 - the semiconductor shortage has kept new car volumes low for the last few years, now that's resolved and production has ramped back up there's less demand on the nearly-new end of the used market, which was driving up prices top to bottom. Now the whole 2nd-hand market is re-correcting.

    Don't forget that all of our used cars are under-valued compared to the rest of Europe, being RHD.

    Like most things in autocar it's rubbish :D
     
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  8. IanW

    IanW Grumpy Old Git

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    Traction batteries are made of multiple cells.
    You don't replace the whole thing when it goes wrong, you just replace the bad cells.
     
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  9. Spanky

    Spanky Multimodder

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    I got a BMW 125i 3.0L petrol .. ive own for 8 years and i promise you it sees the redline a lot ... and its never missed a beat. This car has been abused by someone who shoulda been a racer driver at some point during my life and i have no intentions of a modern car until i really have to.
     
  10. Fingers66

    Fingers66 Kiwi in London

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    08 Mazda 5 diesel here, owned since 2011 (I am 2nd owner), 76k miles so only just run in, timing belt and sway bar bushes done with the MOT last month and just had to replace the DPF as a blocked tube/pipe had prevented regen. It was cheaper to replace than get the ash burnt out in a kiln.

    Those two things cost me more than it is worth and I have to replace it as it is not ULEZ complient. Shame as other than servicing, tires and brake pads, I have not had to spend on it until those two recent items, it has been an awesome vehicle. Really frugal on motorway jaunts and a pleasure to drive (Mazda 6 platform).

    I doubt I will be able to sell it either, no one in the ULEZ down here will want it, even for a grand! Seems a waste of a great car.

    Currently looking at Hyundai Tuscon's (petrol), don't think I can afford the current hybrid "tax" though and an EV isn't viable for our trips to Ireland.
     
    Last edited: 27 Mar 2023
  11. sandys

    sandys Multimodder

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    Find your local motor club and get into to club motorsport, see if you really have got what it takes, it is great fun, loads of different avenues you can try with that car from cheap Auto solo, to slightly more expensive hillclimbs and sprints, you against the clock trying to beat other competitors times.

    https://www.motorsportuk.org/clubs-organisers/

    ULEZ has been a right pain, it puts you off vehicles in general as the anti car agenda being pushed so hard because of the wealth of other option around.....:worried::oldconfused: hew long will it be before they turn up the levels of aggression on the Euro standards and go yup no one can come in unless they are Euro 7 or other such BS.
     
  12. Krikkit

    Krikkit All glory to the hypnotoad! Super Moderator

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    That's pretty modern in my book :D
     
  13. wyx087

    wyx087 Homeworld 3 is happening!!

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    I sold my 2013 Skoda Octavia 2.0 diesel last September. Advertising locally (just outside north circular), all interest began with "is it ULEZ compliant" and then absolutely zero response afterwards.

    I ended up selling to a used car dealer in Hemel Hempstead. Worth trying dealers outside M25 if you are looking to sell.
     
  14. Krikkit

    Krikkit All glory to the hypnotoad! Super Moderator

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    Stick it on eBay you'll probably find a buyer. Another one to consider for your replacement is any EU4 petrol car - they're ULEZ compliant and around town etc unlikely to be much different on fuel than the diesel. If you can afford it you could even buy another Mazda of similar vintage and swap your wheels and tyres over.
     
  15. Spanky

    Spanky Multimodder

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    Its almost 15 years old!!
     
  16. Krikkit

    Krikkit All glory to the hypnotoad! Super Moderator

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    I'm old, don't rub it in. :p

    To be honest I'm a car luddite, I think cars to drive for pleasure peaked around 2010 at most.
     
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  17. Goatee

    Goatee Multimodder

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    Amen
     

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