@Abercol there’s no point comparing anything to residuals from 2022. There was a huge chip shortage still impacting availability of new cars so used cars were inflating over the first year and barely depreciating over 3 years. I remember looking at the price of the ZS EV I bought as post Covid transportation was allowed. It then increased by £5,000 in the next year and was still worth what I paid for it until a year before I changed it. Between Feb 23 and Feb 24 it lost nearly £10,000 back to about where it would have been in more normal times. They have over corrected slightly since then to a point of depreciation being more than an equivalent ICE by around 10%.
If you’re currently planning on losing around 50% over 3 years, there’s got to be a decrease in the rate of loss after that. However, until confidence rises in used EVs, the depreciation will remain worse.
All that said, Motability’s analysts will be able to put a fairly accurate figure on the future values given a good year of data. They’ll not be making surprise losses on that this year.
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Mark