I never asked Motability how much they would sell me the Corsa Electric for and i have not seen what it will go for at auction.

 

Looking at Auttotrader today there are 2020 20 or 70 plate Corsa electrics with a couple of thousand miles with asking prices of under £15,000, and ones with under 20,000 miles for under £14,000.

 

Some were under £30,000 RRP and the top spec as i had was just over £35,000 3 years ago. 

 

That is some depreciation but then Motability paid nothing like that to buy them and they received over £11,000 in 3 years in payments and with mine i paid £1,700 advance payment.

 

I did get £600 back with the 'Good condition payment'  (£350 last year & £250 this week) & £750 yesterday into my bank for leased a new car

Edited 16 August, 20232 yr by toot

Second hand price have normalised. A 3 years old car with typical mileage used to typically expected to retain 50% value, for a Corsa probably more. 

 

I was quoted £3500 by Motorway for my Leaf, in my spreadsheet using 60% value every 3 years I got £3350. (formula is =E8*0.6^(E4/3)). 

Getting £5200 

 

So I'd say depreciation for EV is back to pre-COVID level for a regular car. 

4 hours ago, wyx087 said:

Second hand price have normalised. A 3 years old car with typical mileage used to typically expected to retain 50% value, for a Corsa probably more. 

 

I was quoted £3500 by Motorway for my Leaf, in my spreadsheet using 60% value every 3 years I got £3350. (formula is =E8*0.6^(E4/3)). 

Getting £5200 

 

So I'd say depreciation for EV is back to pre-COVID level for a regular car. 

 

Sales of second EVs are up over 80% YoY so sounds like they are finding buyers and YouTubers like EVM and Modern Heroes are showing one can make good money by buying them cheap, tiny bit of tidying and selling them on with a healthy profit !

 

I see the car now advertised for sale for £20,000 less than the RRP was on it almost 4 years ago when ordered.

It is only 37 months since first registered though. 

What was the RRP of your car?

£20k depreciation, that's roughly xx% depreciation at just over 3 years old?

 

50% is typical depreciation at average miles, yours are quite higher than average miles as well.

 

Also, presumably this is on a forecourt, so had a few hundred of prep work done. Trade value would have been lower (more depreciation).

Edited 27 September, 20232 yr by wyx087

£35,400 in October 2019, 

Car not built till 2020 and in Lockdown so not registered till August. 

Then the prices dropped a bit.   Motability only paid about £24,000 for it. 

 

It has the same MOT on it that Mobility did. The same tyres i handed it back with & the wind deflectors removed.

Maybe new discs on yet again and hopefully wiper blades.     Prep work does not cost a few hundred, it gets put as a few hundred for the sake of paying tax on profits, less profit.

 

I was a car sprayer and refinisher.   

 

PS

AS to the miles, it is not my fault that it reset it's self a couple of times.  It did silly things with over air updates and incompetent techs. 

 

EDIT.

My bad. It was MOT,d again on the 21st of this month. 

Edited 27 September, 20232 yr by toot

So £35.4k RRP. On-sale for £15k, above average miles on the odometer and less than ideal condition with not much prep work. Feels about right.

 

I've been look at £20k EV's for my parents, there's a lot of Corsa/e-208 in £15-20k range. But I'm thinking an ultra-efficient Ioniq 38 kWh or stretch slightly for a Kona would be better EV's.

 

 

Have you seen High peaks auto youtube videos, he spends many hundreds on old cars to get them into top conditions. Might be right up your street.

Someone works out effect of temperature and speed on Corsa's range/consumption: 

 

https://www.speakev.com/threads/consumption-and-range-of-an-ev-at-different-speeds-and-ambient-temperatures-case-opel-corsa-e.181655/

 

Might be an interesting read for you, root. 

Well real world.  Actuality is going to be very different from seen in a graph or from reading.

 

The temperature differences have different air density and the road / surface temperatures so grip / friction / traction 

and the cars interior setting for temperature if set at 18*oC is requiring more or less power between -5*oC & 25*oC

 

Long story short, the figures and comparisons of the same like for like EV,s or ICE vehicles in the real world are sometimes not even an indication of what any particular driver would get due to road surfaces, terrain etc, as roads are seldom just horizontal, and even if cars are set to speeds using Cruise Control that can give very different results in the same car because of head or tail or cross winds.

 

Convoy driving is interesting but i would like to see a fleet of identical cars driven in convoy and the lead car being changed every few miles.

 

 

 

 

Edited 30 November, 20232 yr by Rooted