my ELECTRIC CAR is now WORTHLESS EVen the DEALERSHIP doesn’t want it back! EVs are DISPOSABLE JUNK!!
I have owned my Porsche Taycan EV Electric Car now for just over 2 years. The purchase price was £120,000. I've had a few quotes over the last few months for it as I'd like to go back to a Petrol Car. Unfortunately I found out the hard way that Electric Vehicles are a disposable item and you WILL lose all your money and could end up in great financial difficulty. My EV is now so worthless EVen the dealership does not want it back. BE WARNED! DO NOT BUY AN ELECTRIC CAR! Watch this video and share it across all you social media a friends. CLICK THE THUMBS UP so KZhead Pushes this video out to people who are looking to purchase an Electric Car and have been fed the lies that Electric Cars are the future of motoring!!! LIKE AND SHARE and SUBSCRIBE.
#electriccar #electriccars #evs #evinfrastructure #motoring #fullycharged #porschetaycan #cars
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Lee, I bought a brand new Audi Etron RS GT in Jan 2023 for £130K. I sold it in Feb 2024 for £65K! This was the best price I could achieve, even though I had only done 4300 miles. This cost me nearly £1000 per week in depreciation and over £16 per mile! They are a complete con, driven by political motives.
That's frightening
congratulation on losing 65k
£55K.
Sorry to hear that, not good 🤦♂️ I'll be sticking with Petrol 👍
Rule no 1 in life. Never buy a new Audi. Rule no 2. Never buy a new EV , especially an Audi. I bought a lovely 2015 A6 S line Biturbo last year for $30,500au. New that car was $130,000 au. That’s the way to buy Audi’s.
You BORROWED 100 grand to buy a car? Someone keep him talking, I'll get Broadmoor on the phone.
😂 made my evening your comment
I think you’ll find that the more expensive cars are sold only if you purchase using their finance scheme…. That way they make money….
An EV as well 😂
Absolute madness. Even a petrol engined car of that value/type would loose colossal amount of money in two/three years.
He leased it
Trade it in for a new Golf GTI. Anyone paying £100,000 plus for a car, especially on finance, needs their heads testing.
A friend of mine bought the exact Taycan as in the video. He had to reduce his earnings otherwise he would have paid a lot more tax.
@ray11140 if I was buying a porsche for that money to reduce my earnings, I'd buy a late 80's early 90's 911. Wouldn't lose a penny, food for thought!
*Put a Toyo Avalon 3.5L in it* *Worked for Lotus, afterall!*
the test will consist of looking for evidence of a brain
the most i'll go to to pay for a car is 15k .. and thats with diamond brite, wheel cover & breakdown cover included (the 3 scammy extras included in every sale)
Nothing like taking 25 mins to tell a story that could have been done in 2
Or just blogging it or posting it on Twitter. With the long way, you get more ad revenue and sponsors.
My gran had a saying which fits this guy perfectly, more money than sense.
Pragmatically speaking, the sense of entitlement doesn't inspire much sympathy...
Nature has ways of saying 'DO NOT TOUCH.' Examples are: 1) A rattle on a snake's tail 2) A fin on the back of a shark 3) Vivid markings on a poison arrow frog 4) Red cap with white spots on a poisonous mushroom 5) An EV badge on the back of a car
Love this one😅
YOU REALLY KNOW HOW TO STRING OUT A SIMPLE VIDEO TO AN ENCYCLOPEDIA CONVERSATION..I GUESS YOU GET PAID MORE FROM UTUBE THE LONGER IT GOES ON !
Why do you want to live in so much debt!??? Why not try buying a car within your means🤷
I don’t think that’s the point. My mate and I pace for £83k. 2.5 years old with 30k miles and they offered him £25 for it. Depreciation is horrendous on Evs
In 2009 after the credit crunch 2 Yr old DB9s were selling for £33k that were £110k new. Best thing to do is hold onto it, the market will improve once the surplus stock goes and future depn rate wont be as bad. You only lose money if you sell, so just trrrrryyyyyy to enjoy the car. It's still a Porsche.
Yeah, he could buy a 3 year old Taycan for fuck all !
Anyone spending £120k on an EV needs their head examined.
😂😂I needed my head examined way before I could drive.
Imagine the feeling walking into a dealership you’d bought a £120k car from and then then refusing to buy it back. Proof- not that it were required- that EVs are shite
@@XENUGOLFCLUB imagine believing a guy that makes money from spouting crap.
@@XENUGOLFCLUB it'll be the same for gas cars too. Dealers make money they don't give you money
They're are unbalanced in life generally
Maybe people need to just buy a car they like, and drive it till it stops working? The problem seems to be these people who 'get bored' with their car, and feel the need to get something different every few years... And if that's the case, then why not just LEASE for 4 years, and keep swapping it in for a new model?
11 years ago I bought a Honda Civic for £900 I still have it as my daily
I just bought a 2017 honda civic, for 10k. Only 12k miles driven, and it looks brand new. No road tax, mpg is nothing, insurance is around 450£ a year... Why would I get an electric car instead right?
Im an older guy and in a position to buy a fancy electric car. But what I’m doing is buying older cars that I dreamed of owning when I was younger. I’ve made my way through several Clio Trophy’s, 182, old 3 litre BMWs, old c43 AMG, type R civic . Z4 Coupe and convertible and outside I currently have a e63 BMW 650 v8. Most of them hold their value , cheap to buy, no debt and I’m too old to care what other people think of me to worry about having a new number plate. Highly recommend doing what I’m doing. This bloke owes more on his car than I’ve ever owed on a mortgage. Mental times
Who cares about number plates? Only the hypnotised normies. I bet my old drift warroir M Sport 330 gets more comments and looks than any milk float. Drive what you enjoy and want mate. Trinkets on lease are not interesting.
I give you the mortgage bit! I took a mortgage to on this place 40 years ago when the hose cost me £100k. I never missed a days work as a mortgage of over £50k was suicide material to me. In now owed big. Yet cars are more than my house cost 40 years ago...
Purchase British Northern Ireland cars, our number plates don't carry a date.
I’m 63 and a self funded retiree, I was a self employed company director. I could waste $200,000 of my superannuation on anything I want to drive. But that is bloody ridiculous. When I was in business, it made sense to lease a new car every 3 to 5 years, and I would. Now I buy nice, well maintained mainly European cars, second hand. Last year I sold my 2011 turbo diesel Touareg after 5 years, paid $27k sold for $17,500 so $2k a year depreciation. I then bought a lovely 2015 Audi A6 Biturbo S line. I paid $30,500, new that car was $130,000. It looks and drives newish. It’s the only way to go.
Nice strategy. I'd like a honda s2000 but I've still 3x kiddy car seats. I'll be outta luck in ten years. Bet it's hard to find if you want some 80s hot hatches, r5 gt turbo, 205 gti etc.
No amount of wealth buys intelligence. Give less out - Work less = TIME which is priceless.
Hello , I stopped to assist a Porsch Tucan recently. The driver was locked into his car which had a power failure. No hazard lights, No Horn and he was locked in the vehicle. I saw him frantically waving at me so i stopped and went to him. Luckily the window was just open wide enough i got the key. Talk about complicated i needed my pliers to turn the key and its three turns. We got him and rang his wife who came to collect him. The local recovery people could not get it onto their vehicle. So Porsche had to come out, It was the second time ot hadn't done 800 miles. Its going back they'd had enough and getting a petrol Porsche instead.
That man was daft to buy a Taycan. Another example of more money than sense. You don't buy an 800km EV unless you only need 400km and change max. You don't spend $120k on any EV unless you are really foolish.
This is a true First World Problem of consumerism...
£100k on car AND no garage? I just couldn’t do it. I’m an advocate for a cheap daily driver and a “forever” sports car. No finance, no negative equity, no stress just smugness. You should try it.
Ha. I have a garage at my house. 😉
Apparently that house isn’t his🤷♂️ he just charges his car and starts journeys from there 🥴 makes total sense.
I got a 19 yrs old Diesel Rover 75 Tourer, a 19 yrs old petrol Citroen Picasso & a 21 yrs old Suzuki Wagon R. All got excellent heater & all 3 of them have increased in value over the last 12 months. You could have bought a decent classic sports car that increases in value. When a government advises you to buy something always buy the exact opposite.
man after my own heart! Ive had my RRS for 10 years and I have a 22yo mini one for a runaround. Oh, and a pushbike.
Bewildering why anyone would pay £120,000 on a car, any car at all
Yep, that was his first mistake, lol.
Just bought my wife a Renault Zoe 2 years old 16k on the clock £12k it was over £30k new does 200 miles. She charges once a week at home 50kw at 7.5p each giving 200 miles of driving for £3.75 why would anyone waste money of a petrol or diesel city car? Ev depreciation means bargains to be had on nearly new cars.
I have owned my car for 25 years. Its 30yo in 2 years. Its worth more than what I paid for it and its working 100%. They did things right in the 90's
And a lot cheaper to repair most jobs were diy as well
my skyline was the best investment i ever made, 90s cars are the best hands down.
I cannot believe that someone who is prepared to shell out £120k on a car hasn't got £20k available to be able to do this trade.
Had the same thoughts, perhaps he shouldn't of gone to Australia for 4 weeks.
Story - Rich man buys silly gimmick to look flash then cries when he can't sell it end of story time.
@@paulj888 i think i remember an episode of this in the 80s on jackanory
That's how the world works nowadays
He doesn't need £20k, he needs 65k to clear his finance, then when he sells it he gets £45k back. Hence the £20k gap.
Anybody spending $150K on a car deserves exactly what you got. Thank you for showing off your desperation, i really, really enjoyed it.
Why?
Because people have been warning everyone about this. These cars are just a way of declaring your compliance, along with your Ukrainian flag. The whole climate thing is just to extract money from gullible people, and tax the not so gullible. People who don't know what percentage of the atmosphere is carbon and have no interest in knowing what percentage of that amount is man made. And if that's you and you lose money We have the right to laugh and we will!
I paid £6k for an 05 Prius 18 years ago. Still have it, it's easily the best car I have ever owned. never gone wrong in 180,00 miles, still worth £1k. I feel sorry for you, but you walked into this. The above comment is correct, dont spend money on a car that you cannot afford to lose.
Buy a nice house in Blackpool for that and have about 50 grand change
Basically, anyone that can’t install a home charger, is traveling, cares about the environment, wants to tow stuff, wants a vehicle that doesn’t depreciate massively, wants cheaper insurance and repair bills, wants safety, wants to quickly fill their tank to 100%, wants a vehicle that doesn’t lose range over time, doesn’t want a stupid EV.
These finance options are for the flash with no cash. If you can't afford it, don't buy it.
I own a 56 plate audi with 35k miles on the clock. I don't want to look flash, especially in today's world. My father saw cars as a status symbol. I see them as a tool.
Take it you paid cash for you house 😂
I bought a second hand 911 GTS (9 months old; 1800 miles) 8 months ago. It's already lost £35K. It isn't just electric cars. Never buy a brand new premium car unless you can afford to haemorrhage a small fortune.
A 991 GT3RS was an overhyped £350-400k a couple of years ago, there is one for sale on Autocar at the moment for £165k, so get a 911 and you'll be sailing the same boat to financial ruin.
Ok, before I head off to take a couple of paracetamol hers the TLDR. Car depreciate, loans are expensive, when you need to pee you need to pee and some toilets charge entry..... Some of these issues overlap with electric car ownership
Exactly. A 5-minute video arguing all very obvious 'points', that everyone knows already, stretched out to a crazy 25 minutes. I won't be hitting 'subscribe'.
I'm lucky I'm the type of person to do research on anything before I buy it . I was looking into the new transit custom EV and once I went down the EV rabbit hole I realized you'd be nuts to buy any sort of EV . I still get these videos in my feed 2 years later :D
It's somewhat befuddling to me when a guy buys a Porsche and then starts crying about money. If you look up the word 'Porsche' in the dictionary you'll see that the definition is 'money pit.'
I'll stick with my Mercedes SLC diesel thanks! 50mpg on a run, £290 Insurance, £30 a year Road Tax and 0-60 sub 6 seconds! (😉😁)
I know how you feel … I bought an Old Ford fiesta for £500 and two years later I lost £30 on it when sold on.
I commented yesterday on a Facebook group post about EV’s and that I never want a new one let alone a used one. Someone came back at me about how great his EV was. Now this guy had purchased a 6 month high spec Vauxhall car. He said it only cost £18,000 and was cheaper than its petrol counterpart. Later in our discussion he said he had an amazing deal at £18,000 as new it cost £41,000. So that means this Vauxhall car lost £21,000 in just 6 months.
Wow what a surprise why don't people think for themselves instead of relying on all the media hype and secondly why don't people buy within their means. My cars might be a few years old but I always pay cash I'm not paying interest on a loan to buy a car.madness
I've just bought a 2nd hand Merc C class which has less than 30,000 miles on it and full service history. I expect this car to last 10 years if not more. I'm the 3rd owner. The first owner paid the deprecation, the 2nd owner wanted a bigger merc, hence I got it a bargin price. I for one will never be buying an EV, they are a scam, much like 'smart' meters. I'm going to keep my ancient XK8 because I like driving it, (20+ years old), Mazda Bongo (27+ Years) old and merc for daily running. EV are a fraud.
I owned an 2001 E class estate. Lovely car until I needed to do some work on ball joints, steering knuckles and the like. Had to sell it as I was looking at £3000 of work. That was at about 80,000 miles. As for EVs, read enough silly newspaper articles and you begin to believe them. Ever wonder why the Sun and the Mail print all that drivel? So people like you read it and they sell lots of advertising. Oh, and their friends in the oil business keep coming up with new stories. But they are only stories. Meanwhile, you’re paying how much for petrol? I’m paying as much a year for electricity as I did a month to put fuel in my Land Rover. Loved the car but hated the bills.
Paying £120000 grand for a new car and complaining about depreciation. My heart bleeds
I ransacked the man drawer for my world's tiniest violin, alas, to no avail.
Amazing that someone without even 20,000 in savings actually decided to buy a 120,000 car. This is why the average westerner is broke, even though they make a good income by world standards.
🤣🤣🤣 Yes, I feel his pain.
Pure jealousy
How much is this guy making from you tube
EV’s are a disposable device once the battery is done - That is the biggest take away for me. No way will I ever consider an EV as a viable option when an ICE car lasts as long as you want it to. There are now lots of ICE cars over 50 years old, mostly in collections but they still work.
hmmm, lets analyse. My e-NV has done 108000 miles, in that time the battery has degraded to around 80%. Currently the battery is degrading roughly 1% per 10000 miles thats been the case for the last 60000 miles. Bear in mind my van is 9 years old and the first generation of battery with 24kwh. His porsche has over 90kwh, and if that degrades similar to mine in 20 years time he will still have a battery capacity of 70kwh, hardly throw away stuff. Plus on a diesel you have DPF failures, EGR failures, injector issues, and all sorts of other really cosrly issues an EV DOESNT have. So, think again, EV`s have a use, they are not for everybody, but if the use suits, they are great, AND, if you have solar you can run it for nrearly free for 6 months a year depending on your daily usage, mine is 40 miles a day and it costs nowt for 6 month to run.
Unfortunately countries are going to ban any ice car that is of a particular age and if they require repairs. Look at what new laws are on the UK books.
EV batteries are expected to last up to 20 years before they need replacing, so not really so different to ICE cars. Sure range will slowly deteriorate over that time but performance on ICE cars degrades over time too with 000’s being spent on engine maintenance during its lifetime. Personally I think that the bigger issue is the pace of advancement with EV technology and the relative lack of investment in charging infrastructure. At least people have finally wised up and are not buying EV’s to save money.
And when an ev battery does need to be replaced it still fetches quite a high value. It's sure not a throwaway part. I suspect in 20 years there will be new cell tech that will allow your old EV to be able to do 5000 km on a 20minute charge that costs only 10000€ to upgrade. No clutch replacement, no mashed gears, no burst gaskets and crap in the oil. Seems to make perfect sense to me. Also if you just trickle charge your battery with a low charger the degradation of the battery is far less. If there are cheap second hand EVs buy one as they are easier to maintain
Yes and even completely rebuilding or replacing an ice motor is a fraction of the cost of an ev battery
Friend of mine was an earlier adopter of the electric car. He did massive amounts of research and his advice was never buy an electric car outright. Only lease them.
True for most cars but especially for EV business lease. The tax incentives are still very good.
You can't, leasing companies won't buy them because its too big a risk. They can't sell them on when your done.
@@stuartcraigon2003 That’s new, not heard of that. I’ve company leased and know of many others who have too. Surely the lease companies will just charge accordingly, a bit like leasing a depreciating large engined ICE car.
Just a quick search actually shows better deals now than 2 years ago so maybe the lease companies have negotiated better purchase prices?
@metube9541 can only go on what the trade is saying. My lighf vehicle leasing partner just won't buy any electric cars or vans, and my heavy vehicle leasing partner won't buy electric vans or trucks. Both independent companies. A quick national company check shows a tesla model Y or Model 3 for between 600 and 1k a month with a minimum of 6 months upfront. That will be pricing accordingly you talk about, no one will pay upto 6 grand upfront for a tesla!
It's like a shaggy dog story, never ends.😂
The battery on my phone is running out listening to this effing story 😢.
Should have planned your viewing better.
If you are cold, Lee, you could set light to it. Lots of heat, and it doesn't go out for about a week!!!
You don't need to do it yourself? The ev has that feature already as standard 😂
Be interesting to see how much the insurance company would pay out
Once you are 50% through the total amount payable (inclusive of interest) you can hand it back to the finance company and walk away. It’s called Voluntary Termination rights. 100% he’d be better doing that than rolling 20k negativity into another agreement to pay interest on again.
I'm keeping my 11 year old Golf diesel. Still runs like a clock after 165k. Maintenance and insurance is low. Loads of Mark 7 spares at breakers for pocket money. Just recently replacing the AGM battery after 11 years!
Running any battery 11 years will wear out your alternator. Batteries are cheap. Alternators are not
So your problem is, you bought a new early/experimental model car you couldn't afford - and now you think you'll rectify your situation by buying a new 911 you can't afford - but in reality you're going to compound your problem because the 911 will have the same deprecating effect in a few years... Smart man..
He is a sixteen year old kid buying stuff on credit.
Let me tell you the story of our first electric car: We bought a used Renault Zoe back in 2018 with 48.000km on the clock. We payed 8600 Euro for it. It has now 225.000km on the clock and still runs without any issue. We could sell it now for around 5000,-Euro, but we will just keep it and drive it until it lasts.
5000 euro? I'll believe it when I see it
You should have leased man. Why buy it if you’re going to trade it in 3 years later. I say if you’re buying a car of any kind you should aim to keep it for 5 years minimum
So basically what you have described is the depreciation model that typically applies to all high value assets. This is hardly an EV specific issue but well done on the objective approach. And these people walk amongst us 🤦♂️
People changing cars like they change socks deserve this and more. Consumism is the problem that got us here. Buy a car and use it until is finished.
And why buy such an expensive one?
Anything that runs on a battery is neither 'renewable' nor 'enviromemtal friendly' and has little resale value.
Even my toothbrush has packed up.
You do realise when you fill your car with petrol when you burn it its gone...
@@whocares264 So does the battery charge. Which is why you have to recharge it. But unlike the batteries the lifecycle of gas tanks don't shrink every time you fill it up.
@@senti2175 now you are being silly...the contents of your gas tank do shrink as does where the gas comes from... The wind my electricity comes from does not .
@@whocares264 The wind doesn't drive your car tinhead. Nothing in the process of getting that energy from 'the wind' to make it available for your car is either renewable or environmental friendly. The whole lifecycle of batteries, from the process of mining lithium ion to disposing the batteries is far more damaging to the environment.
Did people learn nothing from the Prius???? Battery starts to play up or not charge after a period of ownership, to replace it was more than the car worth!!
I waited a fair while for him to make some sort of point, and gave up on it.
I went to my local kia dealership to look at a ceed, but all the salesman kept on about was a e Nero told him im not interested in milk floats but still kept pushing . The price was just under £38,000 in the endi just walked out
It's why used ice car prices are high.
Lol I pad 1k for a Toyota Yaris. Did 50k miles in it without spending a penny, just changed the oil once and sold it for £700
Josh , I like your style mate it's the way to go , I had a 1.6 Diesel had it 8 years but did have to pay a few quid every year , I paid £6000 , which was a lot for me , I sold it 12 months ago at a loss , just bought a 1.2 petrol , better all round , one of my mates years ago always bought from auctions paid no more than £300 in the day and a few quid on it to tart it up , one of my sisters bought a Ford Fusion £700 4 years ago never had a problem with it 😀 👍
Silly amount paid for a car on finance, I've been there and done that mistake in my earlier years, flash cars but paying through the roof when I could have put the money towards a better house or the family! Thankfully I grew up and stopped chasing the dream of driving a millionaire car on a standard Joe Bloggs salary!!
As Jeremy Clarkson once pointed out; the status that you get doesn’t come from the fact that you can afford to buy one, it comes from the fact that you can afford to lose £50,000 a year while you own it.
I bought my Toyota Rav4 Prime a couple of years ago. It's a plug-in hybrid (PHEV). I installed a 240v charger in my garage. No range anxiety. The car does 40 miles on EV and 475 miles on petrol. I filled up twice last year! I love this car and have no issues with it. Battery life is guaranteed by Toyota for 10 years. It's currently worth about the same as original purchase price. You can keep your Tesla's, Porsche's and Jag's! Toyota does the job right!
Pump all the petrol you need in less than 10 minutes with at least twice the range and no extra drain on power when operating interior temperature controls. Running around looking for a charger and waiting for 30 or more minutes to get on your way is ridiculous.
Guy finances a new car, then is shocked he is upside down on the loan after 2 years? Here's a bit of wisdom: don't buy a car if you plan to just flip 2 years later. It is not a sound financial decision for any non-collector's car.
Also, thanks for showing us petrolheads that charging an electric car is a comical and frustrating experience.
I charge my ev for 7.5 per kW while i sleep, I laugh at petrol heads . It costs me 2p per mile.
Here's another kicker, in Australia we pay 42 cents per litre (fuel excise) to maintain the roads, once EVs become mainstream the Govt plans to charge EVs 3 cents per KM to replace the fuel excise which will add up considering Australia's vast distances.
That would be preferable in any case. If you use the roads more, you will pay more. If you use them less, you will pay less.
Depreciation. Not sure if *The Macmaster* is familiar with the concept? Cars lose half their value in the first 4yrs after purchase from new and that's what's happened here. I don't have an EV or any skin in the EV game. Anyone that buys a new car and expects it to hold its value is bonkers. It's the reason the used car market is massive: you get a good deal buying a used car. Drive your beautiful Taycan, enjoy it, remember why you wanted it, and perhaps be grateful you're one of the select club of people who can afford to buy a £120K car?
they dont depreciate by 70 to 90 grand ya plonker ffs
I look on MacMaster videos as ‘entertainment only’. His ‘clickbait’ videos undoubtedly fund his Porsche. What is interesting is that he bleats on video after video, month after month, about how bad EVs are, yet here he is month after month with a £100k Porsche on his driveway. Does anyone really take this guy seriously? Anyone that has had a genuinely bad car usually gets rid pretty damn quick - but not this guy. By the way, if he wants to sell me his “worthless” car, I’ll give him a tenner for it, but somehow I don’t think he’ll be messaging me any time soon 😂
This wouldve been a great video of you didn't have 20minutes of telling us you're going to tell us the figures...plus all the driving!? I get you need watch minutes but.....thankyou for making the video though, I don't mean to sound negative it's just feedback 🙏
He spins the chat out and repeats himself like most bloggers. Earns them more revenue. I skip through most vids
I still can't believe you went straight out & bought this thing on finance. Surely to God you would have hired one for a week or a month before committing yourself. Try before you buy, especially to the tune of 120K. Talk about buyers remorse, but I will congratulate you on the fact you had the guts to make this video. Absolute lunacy!
Should have tried that with my ex wife, having said that she probably felt the same way.
if he doesn't have ~20k gbp in cash at any time at all, he has no business buying a 120k gbp car in the first place.
The point is whatever car you are buying you will lose money on it. And the more it costs the more you lose. This hasn't changed during the last 100 years.
The difference is there are plenty of buyers for ICE cars on the second hand market but good luck trying to sell your EV privately.
Well everyone should have realised this would happen with evs what happens when after a couple of years your phone's battery loses its capacity? You throw it away and buy a new phone same as evs
"A fool and his money are quickly parted" someone said a million times.
I see this as being ripped off more than your comment, 55
Relax everyone. The good news is that the government aren't forcing you to buy a 120k porsche. You are allowed by law to purchase less expensive electric vehicles such as the Dacia Spring or the Renault 5 which looks better than a Taycan. Or you could buy both for less than the depreciation then spend the other 80 grand on Shell and BP shares.
A £16k Dacia Spring has 130 mile range. Alright for the shops maybe but not for serious work and travel I fear! Upside - it charges from 20% taking 4 hours from a 7kW box or 11 hours from a 13amp socket! Looks quite 'razzy' though all the same 😲
Keep it then. It's still the car you really wanted a short time ago and spent 120.000 quid on. This way you don't have to worry about deprecation. A car should always be a long term commitment.
Last month I purchased an Audi, powered by an old fashioned quaint petrol engine. As last month happened to be February, I casually remarked to the salesman that I assumed he would be very busy with the new reg coming up. His answer surprised me at the time, "Not really" he said, "Audi is pushing EV's, and no one wants them!, I'm actually selling mostly diesel's" So the message seems to be getting through.
Audi EVs do not have the statistics that interest those that want evs. Audi fuel cars are not the most economical, and their evs are the same. People buy them for the build quality and the badge.
@@gregorybird7066 and the build quality isn't great, and the badge makes everyone think you're a wanker.. so
£120,000 for a car? I bought my first house for the exact same price. How the other half live! 😮
But all bought on credit and now surprised its in neg equity and stuck.
It strikes me that he has tastes he can't really afford.
Thanks for sharing your perspective! Mine is, as a Tesla Model Y Long Range owner, that "EVs" are not all the same EVs. You wouldn't by an toilett fromm Microsoft or Google I bet neither! Haha, just have a thought about manufacturing companies and what they are best in. Audi, Porsche BMW, Mercedes and so on are compustion engine perfectionistas. Saying this as a german. Tesla ist a Software company, that did build an automotiv platform to drive the software in on around, as well as passengers. In my POV. So, they focused on things that are more important than prestige. They focussed on what customers struggled with and focussed their software and product devolopment on customer feedback instead of what worked in the past will also work nowadays but with an EV platform. Just my perspective. Keep up the good quality of your content. Cheers.
A fool who does not learn from history is doomed to repeat it. The Farmers Anti-Automobile Society of Pennsylvania was a group that formed around 1910 in response to the growing popularity of automobiles. At the time, the Farmers Anti-Automobile Society was a serious organization that was concerned about the impact of automobiles on rural communities. Of course, their proposed rules were never implemented, but it's interesting to see how attitudes towards cars have changed over time. - Automobiles traveling on country roads at night must send up a rocket every mile, then wait ten minutes for the road to clear. The driver may then proceed, with caution, blowing his horn and shooting off Roman candles, as before. - If the driver of an automobile sees a team of horses approaching, he is to stop, pulling over to one side of the road, and cover his machine with a blanket or dust cover which is painted or colored to blend into the scenery, and thus render the machine less noticeable. - In case a horse is unwilling to pass an automobile on the road, the driver of the car must take the machine apart as rapidly as possible and conceal the parts in the bushes.
Any car that can lock you inside when the 12 volt battery is flat or damaged in an accident is dangerious in the extreme. A person died in another brand of electric car recently when it caught fire after an accident and the door handles could not be used to open the doors. Why have cars with this problem not been recalled and fixed at the manufacturers' expense? Why are governments unwilling to act firmly to prevent more people dying in the future?
This comment should be pinned
@@cd78I second that
Err... maybe because they don't give a sh*t about people dying.
And Jaguars requiring police assistance to stop them, when the brakes stop working.
ICE cars use electric windows, also. They are command like EV by the 12V batterie.
You bought it you are part of the problem
Defo... well said
My electric car has served me well, it's paid for & still works well, practically zero costs, apart from electric.......scalextric never let's you down & you get 2 cars lol.
We bought a new Polestar 2 on lease just over 3 years ago thinking that during our ownership the UK charging network would come on in leaps and bounds, sadly this hasnt been the case and we've had a lot of similar experiences to you. We did a trip from Sheffield to Edinburgh for work and what should have been a 4 hour trip took us 8 hours due to faulty or absent charging points. We thought long and hard about what we would have after the PS2 and have gone back to a diesel BMW M340d which goes beautifully, gives us over 500 miles per fill up and no waiting. Do I miss the PS2? yes in a lot of respects as it was a superb car. Would I get another EV? definitely not at the moment. I think we got rid of our EV at the right time and I'm delighted with the beemer
I have been driving with my P2 (2x200 km commutes every week) and I'm absolutely in love. Best car I ever had. Will never go back to medieval Diesel engines.
@@DevilHorst medieval diesel engine.... You do realize the diesel engine was invented 150 years AFTER electricity was discovered?
@@ianhadfield65 That's an amazing insight. I guess next you want to explain to me that Diesel engines actually weren't invented in medieval times?
Gosh. When the latest model comes out, the current one is suddenly worth less. Who would have guessed? That's never ever ever happened before in the history of cars. Oh - wait....
He also hasn't accounted for the interest on that mortgage for it..
Mate, you are going to have to run that POS until the wheels fall off. 120 grand. Jeez, nightmare.
What were you thinking? You don't buy an EV, and certainly not a brand new one! All cars are depreciating assets. You lease them because they have a short lifespan and the tax advantages are superior plus cashflow is released for income producing assets.
Finally someone with sense compared to all the waffle and low iq responses
Typical of all those who jump at new tech. Stick with the old cash or card, having your cash on a watch or phone is asking for trouble. Watch clowns trying to pay in a super market with their phones and getting frustrated. Glad I'm old and still use paper money.
Doesn't matter if it's gas or electric. New cars drop in value like a brick in air. Ages ago, my first new car was stolen and totalled shortly after I bought it. I had to pay the gap between what the insurance company said it was worth and what I owed. Now I only by low mileage cars at least 5 years old.
Maybe I should get gap insurance I am thinking
I bought a used 20 years old 50K mile Boxster S for a play car. Cost about 10K. I'll never lose a nickle on it. It's gone up 30% in three years. It will never go below what I paid for it.
@@Channel--Ai ... or buy a car that's already depreciated. If you prefer driving new cars, lease them. My BIL likes to drive new cars so he leases for a couple of years, turns it in and gets another new car. I prefer to buy reliable, depreciated cars, pay them off in 1 or 2 years and live without a bunch of bills.
I can't get my head round how someone can be driving a £120,000 car but can't find the odd 20K in their back pocket. 😂 I think you might need a financial advisor more than you need a new car.
If traditional cars would see such rapid improvements between models, I bet that they would incur a similar depreciation. Also, if we consider the perspective of the person who'd buy that Taycan EV for example for 42K, I think they'd actually get a really good deal out of it.
I was thinking to get an Audi Q4 e-tron but their residual values are awful and cost a lot more to insure so now I’m thinking Lexus nx hybrid. Thanks for the warning
We love our Q4 but it's a company car so a totally different ball game. I personally wouldn't purchase one but as a company car it ticks all boxes.
Lee as I see it, your only option is to drive your Tincan to London and park it there for a week or two till it gets stolen and then claim form your insurance company, yourll still end up in negative equity on your loan but at least you will be free from the car.
I once suggested he uses a company to raffle it off to a viewer. £10 a ticket and 7000 entrees and he gets his money back and more.
It’s not as much about electric cars as it’s about buying a car you can’t afford. Going into debt to buy a depreciating asset is a known path to failure.
ALL vehicles are depreciating liabilities UNLESS you invest in the right antique vehicle that might possibly go UP in value if you are lucky!
Its the rate of depreciation on these, they are well beyond most cars. I am in the US a HD truck often goes for maybe 10K below the new price even 4-5 years after purchase.
Should be able to hand the car back to Porsche finance under the third/half clause. If you’ve paid off half the total amount you can hand it back. But you knew that. Plus, pretty much all cars suffer this level of depreciation, not just EVs.
Car is a battery on wheels. What battery really is consumable item. Once consumed you need to replace it. Have you bought used laptop or phone before - battery is usually close to dead. Better technology is needed, not laptop battery on wheels.
The gubberment also forced me to buy the Porch Tycan with all the options. I was going to buy a Skoda but the gubberment gmen turned up and made me buy the Porch.
Champagne lifestyle, lemonade pockets...
Let's look at the brighter side...we can go out now and buy a lightly used taycan for less than 40k....yippee...
Rule No. 1. Don't buy stuff you can't really afford. Once you are buying a luxury car on huge finance, because you can't afford to buy it, you are living in a false dream that usually turns into a nightmare. Buy a car you can afford, then save up some money until you can buy the next...etc. etc.
Oh but I can afford it. 👍🏼
@@TheMacMaster Then why are you crying. Drive it till the wheels fall off.
I hated paying $36,000 for my new Camry, but I guess it was a bargain. Oh, it runs on gasoline.
Given that it will run for 20-30 years, yes it was a bargain. Even when it has 250k miles it will be worth 10k. I don't understand how these EV buyers don't realize that the equity they are surrendering when they buy an EV is a subsidy to move the tech forward, which, ironically, is what deprives them of their equity. In other words, EVs for the most part, do not hold their re-sale value. My friend bought a 4 year old Tesla for $65k about 8 years back, drove it for a few years and then sold it for $30k. Still did better than this chap on the video. What a disaster he has on his hands.
I like how it's "cars being sold to us" rather than "car I bought". 😂
maybe the trick here is "buy second hand Tycans ? " will wait another 12 months and get one for under £20 grand ! Result !
New electric cars are subsidized. Poor people paying taxes so rich people can buy electric cars. Second hand electric cars are not subsidized. Neither are the repairs.
£120,000 on a milk float thank you for confirming its a Con
Oh dear! silly comment, silly person. It's getting harder and harder don't you think for jokes like that to carry meaning these days when we see the blistering performance of any EV let alone the one's built to go fast.
He bought a brand new £120k car and tried to sell it a few months later. It lost tens of thousands in value in a few months. Other vehicles for which this happens include EVERY SINGLE LUXURY CAR YOU CAN BUY. Everyone knows that a new car loses half it's value the minute you drive it out of the dealers. He bought a luxury vehicle that no one else wants, that's nothing to do with it being an EV.
No he has had the car for nearly three years.
@@ActivityPhoto exactly long enough for it to become both used AND undesirable
For the purchase price you could of bought a terraced house and rented it out instead