Catastrophic EV Depreciation may not affect you, but what about the Leasing Company?
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- Опубликовано: 10 окт 2024
- Catastrophic EV Depreciation may not affect you, but what about the Leasing Company?
my advice as always is that if an EV suits your needs and you can mostly charge it from home, get it,
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Theres nothing wrong with owning a EV if it suits the owner but for the government to say we all have to have one was always going to fail, let the consumer decide, Nice to hear the truth from within the industry Cheers Barrie👍
Every time governments try to interfere or control the marketplace for a product it ends in tears and EVs are no exception
I remember dual fuel LPG from factory, Volvo and vauxhall. Then the government decided to go diesel instead. The professor who wrote the white paper later said he recommended diesel because the manufacturers said they sorted the emissions system. He was a scientist and trusted manufacturers without evidence.😮
Very interesting and full of good old fashioned common sense.
Thanks for watching
@@australiainfelix7307 thinking isn't that common unfortunately.
Think ling got a recorded delivery letter, split
Thanks Barrie, I love your non nonsense honest opinion
@@davidharrington1133 thanks for watching
Well said Barrie !!
I love it when I see you put up a video
They hate it as you got all these years of knowledge.
Regards Garry
Glad I paid cash for my car, can’t be bothered with the stress of all this finance hassle🤦♂️
Well done for covering this barrie. I've been banging on about depreciation being overlooked for ages.
Yes, the EVangelists will only tell you about their cheap overnight charging, conveniently ignoring all of the other factors. Depreciation being the elephant in the room.
❤ Thanks Barrie I don't like people either thought it was me 😂🎉😊
Barrie tells the truth. Thank God someone finally does!
Big Oil agrees aggressively. Just like Big Tobacco, Big Gambling, Big Guns, Big Pharma........ you know I'm right.
My 73 plate polestar has had 4 new tires at 15k miles as the foam inside the tires has failed causing the car to vibrate at motorway speeds. The cost was covered as it's a company car but a private owner would be looking at £1000 easily. The tires had loads of tread as I spend my days sat on the M6, not very good for the environment binning them! Also looking at wbac it's valued at £22k at 1 year old. The new price was £55k!!
I had a nightmare with the run flat tyres on a mini years ago so I swapped them for standard tyres. You can't do that on the modern ev though so it's another expense that will hused ev's along with possible battery degradation in the years to come. A lot of ev's will probably be scrapped on economic grounds in the 10/20 yr old bracket .
@@tivvy-xf4kzYes you can, Just buy a brand that doesn’t have the foam inserts.
New ones are available for £30k. The lost prices are nuts and make the depreciation look worse than it perhaps is.
Barrie! Good sound (louder). No ads. Hey hey! Quality production...
“Dogs make me happy people make my head hurt” - couldn’t agree more
❤😊
I like listening to these, I’m learning a lot of things I never knew about.
@@Bob-_-Smith just want to make people think for themselves and question peoples motives
@@BarrieCramptonExactly thanks 🎉😊
"hell is other people" JP Sartre. I am with you Barrie. Just watch TV today.
Spot on as always Barrie. These people can't comprehend simple mathematics!
Barrie, You get a 10 out of 10 for not selling Matt coloured cars, they look bloody awful, all a Matt coloured car says to me is they have more money than sense, so sad to see them destroy a nice car in that way.
What a refreshing dose of commonsense...keep it coming mate👍
Everything you say makes sense 👏👏
Exactly right it does, the Honest truth always makes sense, its so refreshing to hear it.
The whole scenario of EV marketing affects us ALL, whether we own one or not.
EVs purchased by companies in UK are written off against profits 100% in the year of purchase. This means the whole cost displaces tax that would have been paid on those profits. This means more tax has to be found from somewhere else. i.e. From us. Ordinary taxpayers. We are paying for corporate EV expenditure even if we don't have one ourselves!
By all means give 100% allowance on machinery that actually makes something but it's not needed just to give directors a fancy car to ride around in.
Exactly a few years down the line the used market will suffer greatly especially at the lower end i.e the 10/20 yr old cars. It all has a knock on effect. By then a lot of back st garages will have gone along with all the motor factors/caravan dealers/ performance specialists etc. A lot of people just connected with vehicles will lose their jobs. It will be main dealer only at main dealer prices.
That's the absolute truth, we all pay for these mistakes whether its a success or failure, many people are twerps they never see the bigger picture, with this push for EVs by the Govt after going through Brexit I have to wonder if someone is out to ruin the United Kingdom, that may seem extreme but you have to wonder after other countries like Germany have pulled back the EV mandate, the UK should have followed suit, I just wish people could buy and drive what they want with no financial help, manipulation stinks, someone is out to make fortune, that's always the case, but many of us suffer.
I love the fact that your desk doesn't have a computer on it, so nice, takes me back to my good old days. While listening to you thoughts of Reggie Perrin keep popping in. EVs are like those robot lawn mowers that you set going which end up in next doors full of guinea pig twitching and vibrating under the rabbit hutch, no joke.
❤😂🎉😊
Thanks Barrie for your no nonsense tell it like it is insight.
I had a Tesla 3P in Sep 2020 - company car and zero tax. No brainer for me then. Lease Co were cheap too so company were happy. I knew someone in the chain would pay eventually…. A few lease CO’s will be going pop.
You tell 'em Barrie
@@Owen-gc8yc ha, will do
I love some of these plonkers who fall for lease payments, they drop £2400 down as a deposit on a 24 month lease and cant see that the car is actually costing them £100 per month more than they think, simple math but people just don't see it.
….and the deposit isn’t an actual deposit. In most uses of a deposit you get it back. These people front up £1000s which they don’t really include in the cost of a 3 year lease. Bloke at work thought he was getting his back when his lease ended and hadn’t thought about finding another £4000 for his next lease. Thick as mince
No 24 month lease is a good deal but what people also forget when buying used is the high interest rate on loans and PCP adding on some deal's 4-5k in interest so unless your a cash buyer and most aren't your going to pay one way or another
@@barrywhite5899it's very easy to know the total cost of a lease as most websites show that. And all cars depreciate new or used and used cars your paying high interest on the loan often costing many thousands in interest all easy to compare what works out best
Your right in everything you say I packed in saleing cars 3 years ago the job has just become way to hard i earn less money not but have zero stress
Stand by for leasing companies begging at the govt. table for subsidies; Arval are French so they're sure of a handout. After that Motability will be next as they've been pushing this crap for years (they've got multi millions in the bank but always up for more taxpayer cash).
Interesting, a few points I never thought about.
I agree with everything you say
I've just signed an absurdly cheap lease deal on an EV. I can't see how my total spend over 2 years is going to come close to covering the depreciation, but that's not really my problem. I had assumed that VW was disposing them to the lease company at a big discount, but who knows
I was like you Barrie, loved dogs and big engines but didn't like people so I became a long distance trucker and would spend 8 months of the year trucking abroad and the other 4 months doing UK work where I could take my dog with me.. occasionally I would have to transport Alphas (8 at a time) from Italy to the UK which had been sitting in the open sea air for months on end waiting to be sold to some mug, ended up being the biggests rust buckets on the road, cant see why!! 🤣. Anyway still love my big fuel powered engines and dogs but settled down now but still ignoring people unless they are walking a dog and would never own a EV at any cost as I like freedom, and EVs don't give you that.
The balloon payment is another name for an EV owner
O.M.G. Barrie, I love your content, tonight's was some of the Best I've ever seen on You Tube, The hardest thing I found hard to believe is that you don't like people as you seem so likeable yourself, Here you are helping and educating others, I'm a Brit your age living in the States, I've been in the car biz for most of my life, I see the frustration and Honesty pouring from your heart, people like myself understand every word, sadly there are fools out there that moan about the auto trade, they haven't a clue.
I loved your rant about Mr Martin with the Zoe, so who's going to have the last laugh, lol. He is not impressing anyone in the car business I know lol.
I've been expecting lease companies to fail, its sad as it hurts us all in one way or another, Anyone in Insurance was a fool to give Onto more money, surely with them in the risk business they could see the writing on the wall months ago, you and I knew what was coming and here we are.
Let's be honest... In the 80s (to mid 90s?) company cars were a status symbol for the Hyacinth Buckets of this fair land. PCPs allowed people without CCs or further down the hierarchy to 'compete' and the rest is history.
What's most amazing to a civilian like me is how long the game's carried on, presumably the accessibility of credit and the sheer numbers of people taking their cut.
Rotation lock Barrie it’s in the control centre 👍🏾
Would love to hear your funny stories from your career.
Hahahahaha Barry I had to like your video when you said i don’t like people,
Knowing the price a lease company potentially pays for each vehicle then they get income from the lease contract write off depreciation and each car has a sale value I am sure they are still making money, maybe just not as much as on other cars. Just cos the EV segment of the market might return a loss others will make plenty so all in all its a win win.
Leasing is just financing the depreciation over a set period and mileage and hopefully the leasing company make a profit when you return the car.
Hi Barrie, I had a company car for many years and I always insisted that the car was supplied by local Audi dealer (which it was). Not sure if that is unusual but it seemed only fair to me as they had done the work in terms of test drive etc. When I switched to an allowance I stayed with the same dealer and we had many years and several more Audis together. 😀
I love your comment, a guy with my own heart, fair and loyal, it just feels right.
The only thing we can say is that used ICE car prices have stabilized. 🤣
If I was a small secondhand car dealer, I would look into selling EVs. There would be virtually zero come backs. No engine, clutch, exhaust to worry about.
😂 Go look on some of the car forums 😂
I'm returning this pile of toxic black ash. It's that EV you sold me last week.
Why were the highly paid executives of the lease companies unable to realise that when large incentives are available on new cars that that would affect resale values?
Even the iPad refuses to lie Barrie 🤣🤣🤣🤣🤣🤣
Wrong, nobody buys EVs, but most people lease EVs...But it's true, manufacturers are desperate to sell but people don't buy EVs so instead the car manufacturers offering people huge discounts to get them either into PCP or PCH mostly..but I agree with Barrie this isn't sustainable in the long run,the market will implode at some point in the future....
So how is it wrong then?
I brought my EV, I know many people that have paid for their own EV.
@@Tyreman22Really? Where did you bring it from?
Another great vid, Barrie. I think you’re a little hard on yourself…you are carefully and clearly articulating the abomination EVs have become and obviously know what you’re talking about. Best wishes for more fun times from sunny (and sometimes hurricane-plagued) Florida-boy, howdy!
Hi John, great to hear from you again, hope you are ok, 👍
@@BarrieCrampton Thanks, Barrie. Im in St Petersburg and we got hit with record rain (5 inches in one hour) and wind (gusting to 100 mph). Lost a few shingles and my giant live oaks left branches, leaves, and 10,000,000 acorns every where! Clean-up on aisle 9! 👍🏼
my EV is now a year old and looking at insurance quotes, last year £550, this year no changes and it is over £2000, the list price is £32500, but the insurance value it at £13000, that's a loss of £19500 which is why my lease is £247 a month with £2000 down, the same deal is now £823 per month and £8558 down
INTERESTING SHARE
I did decide to wait it out in regard to EVs....
Currently £2k/y inc fuel (petrol) for 10k/y distance....
Sometimes retro is progress....I think I did the right thing.
When I traded my 3 year old Mercedes for a Skoda the salesman asked if I was excited about getting a new car.
No I was not because I couldn’t afford £1,000 for a service and MOT which would have gone too much each year.
You should do a collab with RSymons (RSEV). He makes a living selling EVs!
I'd love to see that. Barrie would hand him his arse.
@@matthewgodwin3050 ok weird fangirl
If BEV sales are up year on year why does the government continue to subsidise them via the salary sacrifice tax relief, why is the benefits in kind for BEV's not the same as for ICE's ?
I find it hard to beleive you hate people, when you clearly look after your customers very fairly
How very true , no one wants to buy an overpriced ev ! No residual value ! ev
I have an EV it was my choice. Never regretted it, But it was my choice, Not forced upon me.
All the people I know who have privately bought an EV have a big disposable income. Or have recently received a decent pension payout. The cost of remote charging is largely irrelevant to them.
People have a choice of buying whatever they like in a free market. Or at least used to...
I don't think it is right that there is a gov mandate forcing the market towards EVs.
Interesting vid.
Charging at home is cheap. It cost me £4.76 to charge it up during the evening. Far cheaper than any Ice car I’ve owned.
EV owner (s/hand) for local trips only, kept diesel for longer motorway stuff
(Horses for courses)
What the EV Evangelists who are all for the 2030 ICE ban, plus the 2035 Hybrid ban...
What they fail to realise is just how bad the ban will be...
Take away choice, you remove competition = increase on pricing
Phase out older cars through ULEZ schemes, ban new ICE cars etc...
Only EV's left - now charge what you like
Oh but there's cheap Chinese EV's...
Yeah & governments will slap higher & higher tariffs to import them, higher than present EU tariffs
People will find out too late, way too late that the ICE ban was not a wise move
The competitive lowering of new EV prices atm, will soon rocket once the ICE option is no more
Ahhh, but I only buy s/hand so it won't effect me...
Yes but with older ICE vehicles phased out & scrapped earlier due to ULEZ revisions (Euro 6/7)
New EV's prices can be increased, which in turn raises the cost/value of s/hand EV's to buy
Removal of choice/competition is a very unwise idea for consumers
People who say it doesn't effect me are deluded
Everything in this world has a "Cause & Effect" in the end
removing choice, reducing competition will inevitably lead to higher prices - for everyone
(even the ones who claim it doesn't effect me)
Its about 20-30% ice vehicles and 60% evs that are leased. Leasing is up across the board. Im not hearing anyone speak about fleet leasing exposure to ice residuals plumeting once they are outlawd or taxed to dearh.
Keep it up Barrie. We're not all total idiots by-the-way🤣 You'd get on with me, I'm pragmatic, realistic with expectations and can listen to folks who know more than me (especially about stuff I have less experience and expertise), but do get what you're saying about some folks🤣. I'm sticking with my Disco 4 and Range Rover Sport (V8) ICE cars (they'll last forever) until they come with a car crusher to the drive🤣....or more likely the punitive Taxation will be the death of them🤣 But i'll give up driving before they force me to have a car (and thats any car!) i don't want. What happened to freedom of choice? Ps when I can't drive anymore I'm leaving the country for somewhere I can drive what I want.
You'll have freedom of choice for the rest of your life. Best of luck with the LRs - you must know lots of mechanics.
@oldgit15 yeah I do know lots of mechanics as we need them to keep repairing the BMWs, Mercedes Benz, and Audis we sell, Range Rovers on the other hand are pretty good in comparison 👍
@@BarrieCrampton yes I’ve visited your garage website and noticed the lovely Range Rovers, especially the ‘full fat’ ones. Previously, my wife owned a beautiful 2015 full fat Range Rover which got totalled by a driver failing to stop at a giveaway T junction at about 50mph sending us spinning round and around (like a carousel 🤣) - hit the rear offside wheel - bending the axel. So total loss. But, thanks to the ‘tank’ like build, the car, remained up-right saving us from serious injury. As look has it we replaced with a very nice 2014 Range Rover Sport (V8) (never thought I’d own a V8🤣) from a local well-known second-hand dealer in Maulden, Bedfordshire called Woodside Garage. They also specialise in repair, service and MOT of these types of vehicles. For now I’m keeping hold because I tow a very large caravan, which I take to Northern Spain each year, and changing to an EV at this time would be a mistake.
A good way to think of an EV is compare it to an expensive, life like sex doll. Its has some advantages over a real woman , but nobody wants a second hand one and its got zero personality.
I leased a Hyundai i30 diesel back in 2016 needed a cheap reliable car for a couple of years £500 deposit and £115 a month from a main Hyundai dealer they told me they made £0 on this deal it was for sales figures for a larger manufacturers discount bonus
Does this only apply to EVs or is it the same with hybrids?
The existing motor trade vehicle will be finished in a few years time. There has been for years a generally accepted path for a new car.
First owner then 2/3 yrs later 2nd owner which gets the car into the 5-10 yr old bracket.
Still a market for it so it's the smaller used car dealers or private sales that take over and, depending on mileage/condition, the values tend to stabilise until the car eventually needs too much spending on it.
What has kept cars going at the lower end is zero or cheap tax and you sometimes used to get that little hatchback that was a final retirement runaround or second car.
We now have a forced method of trying to sell expensive cars on people who can't afford them and/or just don't want them.
There should be no "forced artificial" deadline. If we got cars that people could afford like the small hatchback types and they ran alongside ICE cars eventually ev's may have a future.
My money is on a small car that is a bit quicker than the ami eg 50/60 mph with a range of 100/150 miles in the £10k range. Oh and no tech lol.
When the Ami came out its "oh if only it was a bit faster or a better range".
If the Chinese could bring in their mini cars they would fit the bill BUT as was proved with Chinese motorcycles they need to be of good quality and have a dealer network so that the customer is not stranded. Even the Ami is restricted on dealers. I have 2 Citroen dealers within 10 miles but they don't deal in the Ami. Instead my nearest is 25 miles away which is bad enough but all on main roads on a car restricted to 28 mph?? plus hills etc no thanks.
To me they should have looked at fork truck dealers or even auto electricians as repair centres and sold the Ami direct to the customer possibly through the high st not the Citroen garages.
There you go Barrie new idea for you lol
Barry how will the collapsing EV residuals affect the PCP in play now. Presumably it will affect /remove the balloon payment at the end of PCP. Will they increase the monthly payment mid term?
It’s not the car user’s problem, the balloon/guaranteed future value is the problem for the finance company when they sell the car on. The customer signed a legal contract at the start, that can’t be suddenly altered.
Salary Sacrifice is NOT as good as it seems, it's a work-around & sold as way to drive a new EV
Look up the Gross Monthly Amount, then sold to you as the net amount after offsetting the tax
It's offered for EV's & some Hybrids & pushed as you saving £200 per month etc...
But that £200 saving/offset tax = £2,400 pa lost to taxman, which then everybody else picks up the tab
(it's another green incentive that in the end everybody is paying for)
You'll pay your £400 or so per month (take home), or 5 grand a year for your EV or £15,000 over 3
Plus the £7,500 offset from tax. lost to public purse, that we'll all end up paying...
There's £22,500 covering the depreciation of said EV
"But depreciation doesn't matter to me...."
But you've just funded the car's depreciation, without fully realising it
You signed on the dotted line, without actually running the maths over the period
(You probably believe the DFS "sale" will end soon & must act fast)
You didn't realise just how much you would actually pay of the 3 year or so period,
you just saw the £200 tax "SAVING" and thought where do I sign
and you may later learn this offsetting the tax, could impact your pension contributions & other factors
Before you sign up for it, really do your homework & double check the figures/cost over the period
Consider looking at buying an ex-salary/leased vehicle after somebody else has funded most of the depreciation
It's not as bad as ye olde endowment mortgage, but it isn't quite as good as it's presented/sold to you
(Took up the Salary scheme, reality kicked in, managed to hand it back & bought a s/hand EV cheaply instead)
When "We told you so" somehow just doesn't cover it... EV's are great if you have the right duty cycle for one but the financing from Manufacturing to end user still isn't stacking up and with so many parasitic companies buzzing around the 'honey pot' There was always going to be trouble without the taxpayer plugging the gaps...
You don’t need to worry about leasing company. If they can not make money they will not be in the business - they are not stupid.
They wont be in business much longer just you wait n see.
I ,now 4owners that are regreting the purchase .😂
There's a guy on tube who shows latest leasing deals, his latest video showed an electric Corsa which he thought was a great deal, It was around £10k over 3 years, on auto trader you can get a 2 year old one with tiny miles for around £8.5k, and have it for as long as you wanted, it made no sense to me to lease that car.
Just checked Autotrader and the only Corsa EV for £8995 is cat s accident damaged for a 2 year old with low miles 16,000 is £11,795 then when financed= £15,000 payable. So unless your a cash buyer and don't mind a written off car then the lease is the best option and you don't own it out of warranty with no risk of repair bills either
@@Andy-zi1wj well it was there at the start of the week because I looked to see if that lease deal was as good as he thought
But your comparing a soon to be 3 year old car to a new one. You can get a cheaper Corsa EV if you go for a 70 plate
@@Andy-zi1wj yeah, that's true but I know what I would rather have, a car that looked like a new car plus you have something to hold on to if you wanted.
Personally leasing as never made any sense to me, but then again I am old fashioned and like to own my vehicles.
It makes me laugh when people talk about the bargains you can get in the EV market without any consideration of the consequences for the massive losses that have been incurred. Water finds its level and EV’s are going to soon be a whole lot more expensive to own but during this transition just how much blood will there be on the carpet?
Chemical smell-leaking heater matrix?
Honey monster now considers himself a car trader! 😂
A great opportunity for a bargain .
New Ice car sales have been falling since 2017!!! It’s nothing to do with EVs. We’re in a recession. Nobody has any money.
Fund people annoying, ev's massively overpriced, over pushed by Evangelists, so combined i agree wuth you 🎉
Tesla are doing 3 year deals at £299 a month, where's the high levels of depreciation? Not just them Leaseloco have quite a few under £300.
What is the deposit.
You see how easy it is for headlines to mislead........ FYI Lease loco are, in the main 3mth, 3 yr 10kpa. Ps I no longer have any affiliation with the motor trade.
I think the whole country has got problems ahead and EV's are just one of them. We need some real engineers in government to manage decisions. With the highest cost of Electricity it's worrying. Having just returned from the US last week I was amased at the cheapness of electricity and petrol so we will never become competitive. Buying Chinese products including cars made using their vast amount of coal power stations what we do in the UK makes no difference to climate change. Perhaps stop buying new cars altogether and keep our old cars running longer.
Barrie Baba is doling out the justice again 😂
Bu the evangelists continue to ignore the elephamt in the room - the largest cost of car ownership is depreciaton. Payiing by PCP or other monly payment merely disguises he inevitable. This is apart from expensive car tax, "road tax" (or aka general taxation) which they will squander on illegal immigrants or other spending on foreign people who refuse to take rsposnibility for themselves or any other sources of waste like net zero. My Honda Crosstar does 70mpg and hasn't visited a petrol station for some weeks. A previous version of Jazz did 62mpg. Who's saving the planet now?
Is it deprecation or overcharging?
Cost is a factor ICE or EV.
ICE has a cost built in as part of that money must be offset by BEV or a certificate for a sold EV (e.g. buy certificate from TESLA.)
Manufacturers must sell a percentage of ZEVs each year increasing over time until 100% is reached in 2035. Failing to meet the (MANDATORY TOP DOWN IMPOSED) target will have to ‘trade’ certificates with TESLA or other manufacturers who have exceeded target, or will be charged £15000 per car (bye bye Fiesta.)
Separate targets for CO2 emissions to regulate non-ZEVs and make the engines more complex and less reliable.
I'm not sure how you thought we'd get to the happy stage? First, we must own nothing.
One of my best pals sold his Mercedes diesel for an EV to same money and could not be happier. Mty own experience is that EVs are around 5 times cheaper to run that ICE cars if you can charge at home. Regards to all including the fellow of the video
So there are some great deals to be had if you want to buy a used EV.
No EV is a great deal.
Yeafh if you want to buy new battery in few year
The EV market is DEAD 💀💀💀🇬🇧🇬🇧. PS,, TOXIC 🔥🔥🔥
Who cares about the leasing company?
Get a second hand EV and begin to understand why the vast majority of EV owners will NEVER go back to ICE.
Tesla will just benefit from this , offering big discounts on their cars and people will jump ar the opportunity...
However, the internal combustion engine cars are done and dusted in my opinion,its just a matter of time...
Tesla's were way over priced to start with and still are, that's why they can afford to drop the price, but usually the price drops because they have too much inventory and not enough customers, meanwhile the owners of the Tesla's already on the road take a beating, so either a leasing company or a private owner will lose money every time they discount new Tesla's, its basic supply n demand, EVs are different, its a downward spiral for all EV owners as we are seeing right now, I love how you think others will jump at the opportunity, some will as there is one born every minute, they cant see whats happening or anticipate whats coming, Id never buy a tesla, but I don't have all night to tell you why.
Nobody actually wants EVs.
Lots of people want EVs. And most of them have now got one.
I did 💁🏻♂️ my pride and joy
Wrong, nobody buys EVs, but most people lease EVs...But it's true, manufacturers are desperate to sell but people don't buy EVs so instead the car manufacturers offering people huge discounts to get them either into PCP or PCH mostly..but I agree with Barry, this isn't sustainable in the long run,the markets will implode at some point in the future.....
@@dadys31I bought mine used. Bargain!
Just found this guy on RUclips and he says he’s not anti ev but his bitterness towards them oozes out of the screen. I don’t have an ev never had one but a balanced view on them and ice cars would be welcome. He sounds depressed with the market and his buisness and he sounds like he doesn’t like people great combination for selling cars. ☹️
He’s not anti EV, he just wants a level playing field.
You have only listened to what fits your worldview.
@@johnlesoudeur3653 have your heard of the saying "pot calling the kettle black" ?
I got that vibe too. Even if everything he says is true, he sounds like one of those people who's been in a company for 30 years and says "That's rubbish" or "Well that won't work" every time a new initiative or practice is introduced. Manager's nightmare.
Couldn’t be happier in life, have 2 ev’s, depressed about what EV’s are doing to the motor trade, and I’m the best salesman ever, apart from that you are spot on 😂
I knew this last year when I went to change my 3 year old car. I change every 3 or 4 years as I cant stand all the mot nonsense. I always buy cheap automatic cars, including picantos hyundai dacia mg anything cheap with a decent warranty Im not a fussy car owner -. I just want to start drive and stop.
I went to several garages to look at cars. Eventually picked one and was told I would have to wait 10 months to get one in automatic, or I could have the EV in 3 days. Evs are perfect for my wife but not for me I do several 400mile round long journeys each month. I elected to wait as an ev would not do the job. At every stage I was pushed to obtain the car on finance particularly a PCP. I always tease the salesguys going oh yes that sound great, then at the last moment I pay cash.
The car market has gone stupid due to greed and government nonsense.
So just to summarise, depreciation of EVs is caused by EVs? Wow. Insightful stuff. Can't wait for the next installment from your echo chamber.
Here’s an idea, stay in your own echo chamber, it’s obviously gone over your head or more likely through one ear and out the other, do you just live to leave negative comments
@@BarrieCrampton Not really no, but the anti EV brigade make it so easy and so necessary. As a man once said, 'Never be a spectator of unfairness or stupidity... The grave will supply plenty of time for silence'. There are lots of downsides to EVs, but long term there are more to ICE cars I'm afraid. You can of course have your opinion, but it is, was and always has been only that. EV depreciation is - like most things - a complex area. It's deliberately over simplified for the same reason all things are over simplified, as a strawman to argue against.
@oldgit15 yes, I guessed you don’t know what you were talking about and you just have a compulsion to leave negative comments, now you’ve confirmed both, thank you 👍
I'm amazed that the battery EV big push ever got as far off the ground as it did. Right from the start they looked impractical and a financial disaster in waiting for any average motorist who relied on one car and wasn't well-off. EV ownership is like a game of 'pass the parcel' with a ticking bomb: the wrapping is pretty, but you don't want to be the one owning it when those hidden costs finally explode. Now - even 'Serious' companies (who were initially all-in) are realizing this. I wonder if it isn't the same phenomenon as their also having gone all-in for wokeness and DEI? If there had NOT been this governmental attempt to force battery EVs onto ALL consumers, then there might have been a natural specialized market for EVs (comprising well-off status seekers), and EV residuals in that niche sector might have stayed strong. Battery EVs appear to me as a new form of the junk Collateralized Debt Obligations that caused the financial crash. CDOs were full of worthless mortgages whilst EVs are full of numerous hidden costs & pitfalls.
This fellow is on an anti EV campaign. An oil "priest" . Pretty amazing
You did not get a thing I said, well done, I have two EV’s 😂
I don't like people either😄
Thinks range rovers are great
Depreciation or not, you can still lease EVs for a very good prices. The depreciation is none of the users concern
It will be when it comes to an end?
Why the hell should I care that a finance company or a motor dealer isn’t doing well as long as I got a great deal
I drive a 2009 toyota iq it cost next to nothing to run it cost nothing to tax it cost 175 to insurance it cost me 2000 the kind of money you are talking for a ice car or a ev car are just nut to me . And also very worying😮
Blame it all on the EVs... that's right...
Why not, they are the problem, the way they were over priced, the future is coming lets see if your car chinese built car will last, I say NOT.
@@rbnhd1144 I say you're wrong.
The car manufacturers all making the same mistakes trying to get the same profit margins as tesla .Ford for example stop making there best selling car the Ford fiesta. Idiot's. Mach E crap. Should have made a KA ev really simple. Now the dealer will pay the price for what manufacturers incompetence.
I bought my EV and don't give a fig about going back to fumes. NEVER GOING BACK !!! VOTE BLUE and retain the right TO VOTE !!!. Musk wants you to KNOW YOUR PLACE...... subservience.
My sympathies, get well soon 🌺
@@MrsTabby1963 MAGA credibility.
If you have no major need for a car, electric cars are absolutely superb.
If a EV works for you, Great! They aren’t suitable for everyone and they absolutely shouldn’t be forced upon us by legislation.
@@ianbarnes8593 reduced life expectancy (London residents) shouldn't be imposed by Big Oil and the Dealership lobby. The servo didn't precede the Model T either.
If you don’t like talking to people, don’t make videos.
Barry I own a garage and tbh I stopped retail I just mot and repair now the amount off complete pond life wankers that I was dealing with made me hate peaple and unfortunately I lost my love for the job I'm now at the point off deciding to sell my lovely site for planning and call it a day 😢