[Brydo]

A new study shows differences in the depreciation of 10 popular electric cars from their purchase price three years ago to their current value.

Research by InsuretheGap.com, found that the pure electric Renault Zoe lost the most value, depreciating by 61% in three years from its purchase price of £19,988 to £7,830 value in 2019.

In a tie for second place, where both lost just over half their value (53%) since new in 2016, were the Nissan Leaf and the BMW 330e (Electric/Hybrid).

The Nissan Leaf lost £14,735 in three years, from £27,835 new in 2016, to £13,100. The BMW 330e (Electric/Hybrid) cost £33,800 new in 2016 and was worth £15,900 three years later.

The electric car that kept its value the best, according to the study, was the Volvo XC90 T8 (Electric/Hybrid), which lost just under a third (31%) of its value in three years, followed by the Mercedes-Benz C350e (Electric/Hybrid) and the Tesla Model S (Electric), which lost around 40%.

https://www.fleetnews.co.uk/news/environment/2019/08/28/ev-depreciation-revealed-in-new-study

The only person who got all his work done by Friday was Robinson Crusoe.
Anything i post over three lines long please assume it is an article lol.

Topic

[Tomas (Tomas)]

That doesn’t read well and probably the reason why the ones we get have ridiculously high AP’s.

[Brydo]

I think it’s certainly one of the reasons Tomas.

The only person who got all his work done by Friday was Robinson Crusoe.
Anything i post over three lines long please assume it is an article lol.

[Colin]

Makes perfect sense. Realistically, all that Motability claim to want from a lease is sufficient funds to cover depreciation and a reasonable profit for overhead etc. At present rates, thats a little over £9.5k over the three years. The Zoe lost over £12k which leaves a £3.5k shortfall.

I know Motability don’t pay full retail, but they also don’t get full retail when the dump the cars to dealers or auctions, but that’s probably going to need a big AP just to break even

"Man is born in freedom, but he soon becomes a slave, in cages of convention, from the cradle, to the grave."

[ChrisK]

I wonder if the deprecation figures take into account the battery deprecation or is that skeleton still in the cupboard.

 

[Author]

Replies