Jump to content
Steve Bullman

Electric company cars

Recommended Posts

16 minutes ago, Squaredy said:

As you say having predictable cash flow is important, but for me it is mainly about risk.  What would a full set of batteries cost for a modern electric vehicle?  Not a risk I am willing to take, so a full maintenance lease is the only option I would consider.   Have you heard about the Axiom lorries?  I feel for anyone who invested in one of them ten years ago.
 

 

It might be different in five or ten years time when they are common but imagine taking a full electric vehicle to a back street garage hoping for a budget repair!

I may have got the name wrong of the electric lorry I will check. Speedy hire had a fleet but not for long.

Edited by Squaredy

Share this post


Link to post
Share on other sites
32 minutes ago, Squaredy said:

I may have got the name wrong of the electric lorry I will check. Speedy hire had a fleet but not for long.

Yeah my mistake Modec not Aixam.  You can pick these up on eBay for peanuts but good luck in getting them working again.

Share this post


Link to post
Share on other sites

20 minutes long, here's a video on a guy who fixes up written off teslas, much to their annoyance

 

 

 

 

Share this post


Link to post
Share on other sites
1 hour ago, Squaredy said:

As you say having predictable cash flow is important, but for me it is mainly about risk.  What would a full set of batteries cost for a modern electric vehicle?  Not a risk I am willing to take, so a full maintenance lease is the only option I would consider.   Have you heard about the Aixam lorries?  I feel for anyone who invested in one of them ten years ago.
 

 

It might be different in five or ten years time when they are common but imagine taking a full electric vehicle to a back street garage hoping for a budget repair!

That's my view

 

Also finding a back street garage is becoming difficult as they are driven out of business because manufacturers make it difficult to source information on analysing faults.

 

not to mention how difficult it is to do trivial jobs, like having to lift the body off a Range Rover to change an alternator, or is that an urban myth?

Share this post


Link to post
Share on other sites
1 hour ago, openspaceman said:

That's my view

 

Also finding a back street garage is becoming difficult as they are driven out of business because manufacturers make it difficult to source information on analysing faults.

 

not to mention how difficult it is to do trivial jobs, like having to lift the body off a Range Rover to change an alternator, or is that an urban myth?

My mates alternator went on his RR £900 or so had to take all sorts off the front end to get at it. Stupid water cooled thing on it. V10 I think it was a BMW RR anyway long time ago now so can’t remember other than it being really stupid!

Share this post


Link to post
Share on other sites

Worth keeping in mind, the other benefit of leasing is you can claim back 10% of the vat on a non commercial company car. Buying outright or PCP etc, you can't claim any vat at all.

Share this post


Link to post
Share on other sites

A lot of the benefit seems to be tax efficiency. After running new vehicles for years and looking at the depreciation and general cost I decided to run second hand and do something else tax efficient with the money. Like buying machinery which doesn’t drop like a stone the minute you sit in it.
 

I think it really depends what you want. Some people really like new cars and are happy to pay through the nose to drive one. If I was buying new again it still wouldn’t be leasing as it’s still the most expensive way to run a car. 
 

Anyone heard the new hi lux ad on the radio at the minute? Only £199/month? Yep after £10,500 up front you can do max 24,000 miles then a further £12,000 if you want to buy it after the 4 years.

 

My maths make that minimum cost of approx £15,000 for the first 24,000 miles. Then you’ve still got to pay tyres, brakes, service, getting the scratches sorted before you hand it back. Paying the admin fee because you don’t want to buy at the end and the admin fee at the start to get the thing in the first place. Must work out about 80p mile before you even put fuel, insurance and a man in.

 

tje person who buys it at the auction pays £10-14,000. Probably could do another 100,000 miles, service when they want themselves, not worry about scratches etc and still sell it four years later for £5-8. So they get four times the mileage for a third of the price. 
 

and the pleasure of not dealing with idiots at the franchised dealer!

 

Edited by LeeGray

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Featured Adverts

About

Arbtalk.co.uk is a hub for the arboriculture industry in the UK.  
If you're just starting out and you need business, equipment, tech or training support you're in the right place.  If you've done it, made it, got a van load of oily t-shirts and have decided to give something back by sharing your knowledge or wisdom,  then you're welcome too.
If you would like to contribute to making this industry more effective and safe then welcome.
Just like a living tree, it'll always be a work in progress.
Please have a look around, sign up, share and contribute the best you have.

See you inside.

The Arbtalk Team

Follow us

×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.