I’ve been saying all of this for years. We’re definitely off the scheme when the current lease ends next year. We won’t terminate early as there’s no point. Been looking today, thinking of an EV from Hyundai or Kia with the long warranty, can probably stretch to around £25k for a 2 year old used but keep it 5 years. We’ll then have equity to change a bit more frequently or drive it into the ground and pocket the PIP.
There’s a good selection between £20-25k depending upon just how big an EV you need. I’ve seen a good few that weren’t on the scheme or you’d get the base model and these were better. It’s worth looking at insurance quotes because some are quite eye watering. I had a look at a 16k Model S (free charging for life) and the insurance with full NCB, in quiet little Cornish town was £7k😳 that’s around half the purchase price but yearly.
There’s some nice AWD options, Ariya, Mach E and, of course, Enyaq’s. Long range Mach Es (small battery only on scheme) and every version of what you could get 3ish years ago. I’ve seen a few EQBs if you want a Merc.
I'm Autistic, if I say something you find offensive, please let me know, I can guarantee it was unintentional.
I'll try to give my honest opinion but am always open to learning.
Mark