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BMW i3 - Depreciation on Petrol Hybrids and Fully Electric - Nsar1

Hello all.

Thinking of going petrol hybrid or possibly fully electric to replace a Fiat 500 that we only ever use for short runs and commuting about 30 miles a day.

The form to post here requires I put in a make/model which I have said is BMW i3, but not wedded to that, if anything an Audi A1 would be preferable.

What's the received wisdom on how these vehicles are depreciating? Is it same like for like for models with conventional combustione engines?

Thanks in advance

Edited by Nsar1 on 22/10/2018 at 13:35

BMW i3 - Depreciation on Petrol Hybrids and Fully Electric - SLO76
For such low mileage use buying a new electric or hybrid vehicle would be a complete false economy. Depreciation on electric only cars is crippling because of battery lifespan fears and the huge cost of replacing them. However this does make them a very viable option used but you do need to understand exactly what you are buying. Some have leased battery packs and some are owned and the lease is often more than the cost to fuel a conventional car. The Renault Zoe in particular can make a great used buy with absolutely horrendous depreciation from new often in excess of £20k in year one and the Nissan Leaf isn’t far behind.

www.whatcar.com/news/the-10-fastest-depreciating-c...7



www.autoexpress.co.uk/best-cars/94305/fastest-depr...s

Edited by SLO76 on 22/10/2018 at 13:48

BMW i3 - Depreciation on Petrol Hybrids and Fully Electric - Nsar1

Thanks, very useful information. Will have a good read.

BMW i3 - Depreciation on Petrol Hybrids and Fully Electric - SLO76
Here’s another...

www.thenorthernecho.co.uk/news/14410937.man-warns-.../
BMW i3 - Depreciation on Petrol Hybrids and Fully Electric - Miniman777

My view is while some folk will embrace hybrids and electric cars, the initial outlay and lack of charging infrastructure is not an encouragement, and many stick with diesel or petrol.

Where I live - a town of nearly 50,000 - the nearest charing point is 5 miles away in the next county ! How would the country cope on a bank holiday weekend with thousands of cars queueing for a charing point at motorway service area.

As someone who enjoys driving, and leaving aside emissions - I cant see the appeal of an electric car with a limited range coupled with depreciation that dives off a cliff, or driving hybrid dragging around a heavy battery that dents the petrol performance over and above the same non-hybrid car. Battery technology has advanced, but is not quite at the level to provided a comparable equivalent to fossil fuel.

If a manufacturer had produced a mid-size family/SUV with a 500 mile electric range for under £40k, it would be a whole new ball game.

While aware of green issues, the total lack of direction and mixed messages from Government don't help people making the right choice - such as reducing electric car subsidies and cancelling major rail electrification plans. It sends the wrong messages.

It may upset some, but to me electric cars are a novelty.

BMW i3 - Depreciation on Petrol Hybrids and Fully Electric - Avant

A used Nissan Leaf makes a lot of sense, as new ones up to now have been depreciating so fast. There are fewer parts to go wrong,so they should be reliable.

As more people realise this, Leafs (Leaves?) may hold their value better - so if you want one, go for it now.

BMW i3 - Depreciation on Petrol Hybrids and Fully Electric - pd

A lot of electric cars, Teslas in particular, hold their value much better than equivalent petrol/diesel models and all the Toyota hybrids hold their prices well.

However, at the smaller car end of the market it is more of a mixed bag. A lot of this is down to some of the weird ways some manufacturers have sold the cars with batteries being leased and not owned causing a lot of confusion on the used market. Ungenerous warranties from manufacturers doesn't help either.

BMW i3 - Depreciation on Petrol Hybrids and Fully Electric - sammy1

I think the government are still out on their commitment to EV witness them axing some of the subsidy and they are certainly not being anyway inventive with business as to a strategy for a charging network. At the moment it is still a joke witness the tales of many current pioneers struggling on range and trying to find a charging point. If there is no confidence from the public on EV then depreciation will be very high. The prices of the EV new seems to be out of range of most and as practical as the proverbial chocolate teapot. Fuel taxation and emission controls in cities will ultimately force EV on us all. As a footnote I wonder what the profit margins are on EVs as opposed to petrol?

BMW i3 - Depreciation on Petrol Hybrids and Fully Electric - SLO76
“As a footnote I wonder what the profit margins are on EVs as opposed to petrol?”

I suspect they’re much higher per unit, though the initial development costs will have been high since they were starting from scratch. Even if the battery packs cost them the full retail cost they expect when replacing them (£5-£6k) there’s little to explain the huge list prices. To me they’re on average £10k overpriced.
BMW i3 - Depreciation on Petrol Hybrids and Fully Electric - Oli rag

Have a look on youtube at Fullycharged, It's run and presented by Robert Llewellyn (Red dwarf, scrapheap challenge) assisted by Johnny Smith of 5th gear fame. It is very informative and entertaining on everything from EV's to all aspects of green energy.

Other than being a subscriber to the channel, I've no connection to it , but it's really excellent viewing.

Edited by Oli rag on 22/10/2018 at 19:49

BMW i3 - Depreciation on Petrol Hybrids and Fully Electric - Westernman
Hybrids, plug in hybrids and fully electric cars are three different things and have different depreciation curves. For hybrids the depreciation curve is much better than ICE cars. Look at the price of 10 year old Toyota Prius’. Newer hybrids are not,old enough to show solid depreciation data but the industry seems to be predicting 50% retained value at three years old compared to 30% for a standard ICE car.
BMW i3 - Depreciation on Petrol Hybrids and Fully Electric - RT
Hybrids, plug in hybrids and fully electric cars are three different things and have different depreciation curves. For hybrids the depreciation curve is much better than ICE cars. Look at the price of 10 year old Toyota Prius’. Newer hybrids are not,old enough to show solid depreciation data but the industry seems to be predicting 50% retained value at three years old compared to 30% for a standard ICE car.

A standard IC car isn't 30% at three years, not for the average although the worst might be.

Perversely, the worst depreciating cars are all EVs - the Renault Zoe, Peugeot Ion and Citroen C-Zero down at 24%.

The best depreciating cars are all IC - Lexus NX, Mercedes-Benz G-class, Range Rover Sport, Volvo XC90 and Land Rover Discovery Sport.

BMW i3 - Depreciation on Petrol Hybrids and Fully Electric - skidpan

Newer hybrids are not,old enough to show solid depreciation data but the industry seems to be predicting 50% retained value at three years old compared to 30% for a standard ICE car.

The last car we sold at 3 years old was the Nissan Note in May this year. It had a retail price of £16000 (inc white paint) and we got £6400 from Evans Halshaw under their "we gaurantee to beat WBAC" scheme. That is a retained value of 40%.

But we did not pay full retail, no one should. After discounts and contributions we paid £12000 so the retained value was actually 53%.

Prior to that it was the Leon. We kept that car almost 4 years so the figures would need adjusting back to 3 years, let you lot do that. £17800 new, got £7200 basic trade from the local dealer (no trade in sweetner since the Suberb was heavily discounted), 40% retained value. But just like the Note we did not pay full retail, after discounts and contributions we paid £15000 so the retained value was 48%. Factor these back to 3 years old and they would surely beat the Note and comfortably beat the 30% the poster is suggesting.