I would contradict this by saying the huge influx of (stupidly named) Chinese car manufacturers dumping their (heavily Chinese government subsidised) cars onto the Irish market is driving down the RRP for other manufacturers.Originally Posted by dergside
Tesla's pricing policy (ie. slashing prices) has been driven somewhat by their sales falling below targets and the residual values tanking accordingly. The range lies aren't helping their cause - there's some staggering stories coming out of the US around Tesla's remote service center tactics too.
I would warrant that the vast majority of new electric cars are PCP (and similarly) financed, hence buyers don't care about resale values due to having the used value at the end of the contract agreed upfront. Those who took out the credit union loan will be in for some shock when they go to trade in their ID4 in 3 years time - the Golf TDI buyer will be pleasantly surprised.
Talk to anyone in the trade and they won't touch most electric cars over say 6 yo as a trade in - they can't shift them and won't stand over them either from a warranty standpoint. No such thing as a cheap repair on an electric car. Insurers are also waking up to the fact that even minor prangs can bring huge repair bills, hence they carry insurance premiums over their equivalent ICE cousins.
Look at the prices in auction for electric cars - nobody is touching them, hence major bargains to be had if you're a betting man/woman/they........
Reply With Quote