Buyers market

[Anonymous]

Give it another 3-5 years as emission rules for new cars tighten further and EVs become common, and a tidy E85 with the 3.0 IL6 will go up in value considerably.
Cheap (£<5K) big engine, roadsters will soon be a thing of the past and harder to find as they're neglected, crashed and scrapped.

The thought of buying a new hybrid / electric ragtop does absolutely for me.

Not necessarily, what the government does with road fund charges for polluting cars will have a large effect.
If it cost £2k to tax a 3litre their value would plummet
Rob

I'll be amazed if that happens, running old cars with relatively high fuel costs is already minority sport.
No need to piss about with a small number of weekend hobby cars once we're all commuting in EVs.
Tax will change to some sort of distance driven system because vat / tax on petrol / diesel is going to dry up over the next 10 yrs.
Now is the time to get am EV if you want to save decent money, because it will not last.

 

[firebobby]

Hopefully by then, the real cost of these "Green electric" cars will start to come out. How polluting is it get the resources out of the ground, and what happens when the battery packs need replacing, will the car be scrapped (at a huge cost to the environment) as it costs so much to replace them.
The cost of the charging stations and the infrastructure that that will need. I think the bubble will burst in time as the costs start to show.

 

[mr wilks]

Hopefully by then, the real cost of these "Green electric" cars will start to come out. How polluting is it get the resources out of the ground, and what happens when the battery packs need replacing, will the car be scrapped (at a huge cost to the environment) as it costs so much to replace them.
The cost of the charging stations and the infrastructure that that will need. I think the bubble will burst in time as the costs start to show.

So right , there is just no way on anyone's earth that it would be feasible to even think that everyone will have to switch to EV , the flaws are already there , recently i was reading about a police force that spent £1million on EVs + chargepoints then soon realised they were taking 1) too long to recharge & 2) running out of charge way too fast due to the demands made on them .
Another example , a week before xmas i was in a IT company doing some work , a guy there looking to borrow a fueled car off a colleague instead of his EV as he had over 50 miles to cover & he was worried it wouldn't manage he said due to the cold temps the battery life was woeful with heaters / demist on
Its a great notion but unlikely to ever be more than a whim in our lifetimes

 

[Silverstar]

Hopefully by then, the real cost of these "Green electric" cars will start to come out. How polluting is it get the resources out of the ground, and what happens when the battery packs need replacing, will the car be scrapped (at a huge cost to the environment) as it costs so much to replace them.
The cost of the charging stations and the infrastructure that that will need. I think the bubble will burst in time as the costs start to show.

So right , there is just no way on anyone's earth that it would be feasible to even think that everyone will have to switch to EV , the flaws are already there , recently i was reading about a police force that spent £1million on EVs + chargepoints then soon realised they were taking 1) too long to recharge & 2) running out of charge way too fast due to the demands made on them .
Another example , a week before xmas i was in a IT company doing some work , a guy there looking to borrow a fueled car off a colleague instead of his EV as he had over 50 miles to cover & he was worried it wouldn't manage he said due to the cold temps the battery life was woeful with heaters / demist on
Its a great notion but unlikely to ever be more than a whim in our lifetimes

Totally agree with this regarding EVs but the bigger question is should I short Tesla shares LOL!

 

[Silverstar]

Right now the "cherry" so to speak (purely my own thoughts of course) are the 3.0Si versions that require some form of maintenance / repair that can add value pretty swiftly

I don't think you can maintain additional value into a car, people expect it to be 100% and don't expect to pay more just because the owner has done mandatory maintenance to keep the car in good shape.

So you don't think a ZM for eg with Ins2 carried out would be worth any more than one requiring it soon?
You can add value to a car in many ways if you buy knowing what needs doing & more importantly knowing the costs will be less than potential added value.
Fresh wheels over shabby ones., roof motor relocated /repaired / bodywork requiring attention / service / brakes / electrical faults etc etc.

I've bought all manner of Zs in the past with wide ranging issues & il stand by my point , you can add value to a cars worth if you buy it right

This is very true and exactly what car traders do (like I used to), buy cheap spend a little bit on it be it money and or elbow grease and then sell it higher! Simples really!

 

[Silverstar]

You can buy an e89 with the same 3litre engine as the last e85’s
Rob

Looking long long term you would have to think that straight 6 3.0i N52 E89 will be the one that gives the best service with least hassle (potentially :wink: ) getting one for the OP budget around £5k i think he will have a wait on

Agree, I had fantastic service from my low mileage 30i e89 for a whole month until the gearbox imploded :lol:
Rob

Rob, I think you got very unlucky with that particular car. I am hoping Mr Wilks is right since that is the exact reason why I chose the 30i and not the 35i or 35is.

 

[Mike6]

I have the lowly Mk1 2.5SE which took me sometime to find as I wanted low mileage and good history. The history from a main dealer turned out to be rubbish as nothing was done properly but at least i have stamps in the book . Car is living under covers in my garage and you need sunglasses with the shine. Car has needed very little work in my three years of ownership, comes out for good weather and has oil, filter etc changes every few thousand miles and yes the underneath is clean and brake pipes are sprayed up with lithium grease. Current mileage is well under 60k and no this car does not fall into buyers market category. I see local examples all the time looking in terrible condition with big bore exhausts, wheel spacers and fake 'm' stickers but hey I sit back and they will all have gone to the scrap heap in a few years which will leave my car as a sellers market one. Its the natural order with all cars as maintenance costs start to outstrip cars value.

 

[Anonymous]

Its a great notion but unlikely to ever be more than a whim in our lifetimes

The current crop of EVs are a bit crap, give it another 5ish years and it will be a different story, they are here to stay.
Those with range anxiety will still be able to buy a hybrid (which is the worst of both worlds imo), I expect they will be popular for many years to come.

If you're fortunate enough to be able to run 2 or more cars, having 1 EV makes a lot of sense. I would seriously consider a small (Focus size) EV for commuting and local driving which is 85% of what I do. The complete lack of PM spewing out choking children walking to to school is a very good thing. The 2nd car would have an ICE for longer journeys.

 

[True-Blue]

Its a great notion but unlikely to ever be more than a whim in our lifetimes

The current crop of EVs are a bit crap, give it another 5ish years and it will be a different story, they are here to stay.
Those with range anxiety will still be able to buy a hybrid (which is the worst of both worlds imo), I expect they will be popular for many years to come.

If you're fortunate enough to be able to run 2 or more cars, having 1 EV makes a lot of sense. I would seriously consider a small (Focus size) EV for commuting and local driving which is 85% of what I do. The complete lack of PM spewing out choking children walking to to school is a very good thing. The 2nd car would have an ICE for longer journeys.

My Daily is a company car, I do a lot of business miles and there is no ‘cash option’ available..... so I’m in the position where I have to choose something, or be worse off supplying my own car for work.

I was previously running a MK7 Golf GTD, which is a very capable car ‘in the real world’. However, I could only claim 11p a mile for business use, which meant I had to drive it fairly sedately to ‘break even’ on fuel costs. It also had a relatively high P11d value (diesel surcharge)

I’m now driving a Prius Business edition, had it since October, and as a business tool it’s excellent. I’m saving a significant amount in income tax, I can claim 15p per mile (instead of 11p) and yet it is far more economical than the GTD ever was. It’s very relaxing to drive and I’m effectively making money with every business trip do.... but I absolutely could not live with one as my only car. The only excitement is the drama of wondering if drunks will try and get in if I stop at the side of the road at night.....

For anyone who takes no enjoyment from spirited driving... it’s the perfect combination of space, low cost and being supremely easy to drive.

....I’m very happy to have my 3.0 E85 for fun though

 

[Ewazix]

I have the lowly Mk1 2.5SE which took me sometime to find as I wanted low mileage and good history. The history from a main dealer turned out to be rubbish as nothing was done properly but at least i have stamps in the book . Car is living under covers in my garage and you need sunglasses with the shine. Car has needed very little work in my three years of ownership, comes out for good weather and has oil, filter etc changes every few thousand miles and yes the underneath is clean and brake pipes are sprayed up with lithium grease. Current mileage is well under 60k and no this car does not fall into buyers market category. I see local examples all the time looking in terrible condition with big bore exhausts, wheel spacers and fake 'm' stickers but hey I sit back and they will all have gone to the scrap heap in a few years which will leave my car as a sellers market one. Its the natural order with all cars as maintenance costs start to outstrip cars value.

I'm with you

............ apart from the "lowly" 2.5se bit :wink: