Deprecation on Beach. Am I missing something?

[Borris]

In my opinion the foreseeable dieselban is the biggest threat and will affect the depreciation figures. Time will tell....

IF that ban isn't postponed, which I fully expect it to be, or possibly even cancelled altogether, then the fact that you won't be able to buy a diesel car in the UK after 2030 will no doubt mean that those that already own such vehicles are more likely to hang onto them. If that were to happen then the unwritten law of supply and demand will keep values high. We are only waiting for the Government to wake up and realise the utter stupidity of their ban.

Anyway, unless I am mistaken, the ban applies only to car sales, not commercials on which the California is based. You should still be able to buy an ICE Cali after 2030.

 

[Ch1pbutty]

IF that ban isn't postponed, which I fully expect it to be, or possibly even cancelled altogether, then the fact that you won't be able to buy a diesel car in the UK after 2030 will no doubt mean that those that already own such vehicles are more likely to hang onto them. If that were to happen then the unwritten law of supply and demand will keep values high. We are only waiting for the Government to wake up and realise the utter stupidity of their ban.

Anyway, unless I am mistaken, the ban applies only to car sales, not commercials on which the California is based. You should still be able to buy an ICE Cali after 2030.

The ban on new sales will go ahead.

UK Government also shut down coal fired power stations ahead of target…but perhaps shot themselves in the foot due to Putins war, as meant that they had to pay far more for small amount of imported gas. That said if you set a goal to reduce emissions you need to commit, unlike the rest of Europe (Germany being the worst offenders) who have switched back to burning coal.

That said ICE Campers will always have good residuals.

 

[Perfectos]

The ban on new sales will go ahead.

UK Government also shut down coal fired power stations ahead of target…but perhaps shot themselves in the foot due to Putins war, as meant that they had to pay far more for small amount of imported gas. That said if you set a goal to reduce emissions you need to commit, unlike the rest of Europe (Germany being the worst offenders) who have switched back to burning coal.

It’s all very convenient, when it suits , when not and popular opinion / costs dictate, politicians have a history of turning tailcoat!

I would not put my house on that gamble, zero pollution fuels may well kick the previous thinking into the long grass, along with the fast approaching realisation that EV production / running is is no way environmentally friendly or realistic for the entire populous.

 

[Ch1pbutty]

It’s all very convenient, when it suits , when not and popular opinion / costs dictate, politicians have a history of turning tailcoat!

I would not put my house on that gamble, zero pollution fuels may well kick the previous thinking into the long grass, along with the fast approaching realisation that EV production / running is is no way environmentally friendly or realistic for the entire populous.

You can produce your own energy to power an EV….provided the sun is shining. Offset the gain to pay your gas bill.

You can’t generate your own diesel, petrol or lpg..so the price you pay is driven by the market.

No politics involved!

 

[Johnboy]

With ref to the PCP part of this thread. When I was looking for a California I asked about finance and what rate they charged...... can't remember what the rate was but I was told it was a "flat rate interest"...... implying this was a good thing. I went home and researched "flat rate" only to find out it was definitely NOT a good thing - particuarly for the ammount needed for the California.

I ended up buying the California and signed up to this finance package (I got £700 off the price for doing so), but next month I paid the lot off and effectively pocketed the savings.

At the same time I bought a Skoda, and I asked the salesman what was the finance rate - he told me, and it was significantly less than for the VW. I then asked if it was a flat rate , and was told that it wasn't. So when I got home I worked it out and indeed it was not a flat rate and all the numbers tied up with their quote. So I ended up buying the Skoda as well and took out the (much better than california) finance package.
When I got the paperwork for the Skoda, the finance was part of VW finance !!!

Basically, the "flat rate" assumes that you never pay off your capital until the last payment - so its a really bad deal. You need to check as I think this is a very common method of PCP finance.

After the above episode, I checked with my two sons, they had both bought cars with PCP flat rates. I ended up re-financing these contracts. I think they can work out a value for early payment which was beneficial.

What p1ssed me off was the way the salesman assured me the flat rate was the best thing and nothing to worry about. "Don't worry ... it's a flat rate"

I bought the California from a different dealer.

 

[Perfectos]

You can produce your own energy to power an EV….provided the sun is shining. Offset the gain to pay your gas bill.

No politics involved!

Sadly I can’t with current tech

 

[Perfectos]

Sadly I can’t with current tech

The issue with EV is the environmental impact across many platforms

 

[Ch1pbutty]

The issue with EV is the environmental impact across many platforms

No different to current ICE, we have just just got used to it.

 

[Perfectos]

No different to current ICE, we have just just got used to it.

Or accept that this is the new pollution, not yet realised!

 

[Perfectos]

Or accept that this is the new pollution, not yet realised!

Consumerism is the issue of which EV will play a part

 

[Perfectos]

we have just just got used to it.

Except the rest of Europe!
as you put it putins war “unlike the rest of Europe (Germany being the worst offenders) who have switched back to burning coal.”
politics is what will dictate the direction !
betamax vs VHS !

 

[Borris]

The ban on new sales will go ahead.

Unless you have a crystal ball, how can you be so certain?

There's a good chance that there will be at least two General Elections and no doubt, countless u turns before that ban is due to come into force. I wouldn't put my shirt on it happening then or at all!

 

[andyinluton]

You can produce your own energy to power an EV….provided the sun is shining. Offset the gain to pay your gas bill.

No politics involved!

Trouble is, whilst you can produce at home, if your van is used for touring, once you have used your first charge you are then in the hands of available chargers.

 

[Perfectos]

Trouble is, whilst you can produce at home, if your van is used for touring, once you have used your first charge you are then in the hands of available chargers.

You can produce your own electricity at home if you meet the minimum requirement, which many don’t / can’t!
then the any electric comes from a traditional source !
France for example have already confirmed they will not be providing Electrification to the wider areas, so what are the real world options?
EV production causes acute world wide pollution both in its use , production And end of life disposal !

 

[Ch1pbutty]

Trouble is, whilst you can produce at home, if your van is used for touring, once you have used your first charge you are then in the hands of available chargers.

Most people have 2 cars (van + car) and are not touring / covering a huge amount of miles everyday.

 

[Mansfieldman750]

With ref to the PCP part of this thread. When I was looking for a California I asked about finance and what rate they charged...... can't remember what the rate was but I was told it was a "flat rate interest"...... implying this was a good thing. I went home and researched "flat rate" only to find out it was definitely NOT a good thing - particuarly for the ammount needed for the California.

I ended up buying the California and signed up to this finance package (I got £700 off the price for doing so), but next month I paid the lot off and effectively pocketed the savings.

At the same time I bought a Skoda, and I asked the salesman what was the finance rate - he told me, and it was significantly less than for the VW. I then asked if it was a flat rate , and was told that it wasn't. So when I got home I worked it out and indeed it was not a flat rate and all the numbers tied up with their quote. So I ended up buying the Skoda as well and took out the (much better than california) finance package.
When I got the paperwork for the Skoda, the finance was part of VW finance !!!

Basically, the "flat rate" assumes that you never pay off your capital until the last payment - so its a really bad deal. You need to check as I think this is a very common method of PCP finance.

After the above episode, I checked with my two sons, they had both bought cars with PCP flat rates. I ended up re-financing these contracts. I think they can work out a value for early payment which was beneficial.

What p1ssed me off was the way the salesman assured me the flat rate was the best thing and nothing to worry about. "Don't worry ... it's a flat rate"

I bought the California from a different dealer.

With flat rate interest, the interest is calculated on the original amount borrowed for the life of the agreement.

With APR, the interest is calculated on the amount outstanding each month, so the interest component of the monthly payment decreases every month.
For that reason a loan at 5% flat rate would work out more expensive than a loan at 5%APR.
I thought it was illegal not to quote an APR figure on loans issued in UK but I could be mistaken.
See example below of how the interest decreases every month.

 

[Ch1pbutty]

With flat rate interest, the interest is calculated on the original amount borrowed for the life of the agreement.

With APR, the interest is calculated on the amount outstanding each month, so the interest component of the monthly payment decreases every month.
For that reason a loan at 5% flat rate would work out more expensive than a loan at 5%APR.
I thought it was illegal not to quote an APR figure on loans issued in UK but I could be mistaken.
See example below of how the interest decreases every month.

View attachment 113306

So what was the original cash price ‘v’ final amount paid over finance

 

[Mansfieldman750]

So what was the original cash price ‘v’ final amount paid over finance

Oh, you’re making me put my beer down to check.

 

[Mansfieldman750]

Original cash price £67,281.78
59 payments of £518.65 = £30,600.35
Final payment £32,374.79
Deposit £10,000
Total £72,975.14

But that’s on 2.8% APR. On todays interest rates, add many thousands to that.

 

[The Blue Merle]

Except the rest of Europe!
as you put it putins war “unlike the rest of Europe (Germany being the worst offenders) who have switched back to burning coal.”
politics is what will dictate the direction !
betamax vs VHS !

I thought it was the porn industry that decided Betamax fate as they backed vhs

 

[Corradobrit]

Basically, the "flat rate" assumes that you never pay off your capital until the last payment - so its a really bad deal. You need to check as I think this is a very common method of PCP finance.

Long term mortgages eg 30 year, are similarly weighted, where the owner disproportionately pays off the interest early in the life of the loan. Bit of a shock when you sell the property 5 years later for those who have not edumacated themselves.

 

[thehorse]

Similar to other peoples experience, bought a new ocean 6 years ago that I could sell for at least what I paid for it.

Btw- what don’t you like about the Ionic 5, thinking of buying one.

 

[Amarillo]

Unless you have a crystal ball, how can you be so certain?

There's a good chance that there will be at least two General Elections and no doubt, countless u turns before that ban is due to come into force. I wouldn't put my shirt on it happening then or at all!

I think the ban is more likely than not to be implemented. The date might slip by a year or two, and there will be exceptions for small manufacturers.

 

[clarinetbcn]

EV production causes acute world wide pollution both in its use , production And end of life disposal !

This myth has been debunked by many different research sources, including the US Environmental Protection Agency.

Electric Vehicle Myths | US EPA

Facts and myths about electric vehicles.

www.epa.gov

 

[clarinetbcn]

Re: Beach resale value, In 2018 I bought a very high spec German dealer owned 2014 Beach with only 40,000 kilometers for 40,000 euros. I specifically wanted to buy it from Germany because of the very strict German laws about mileage fraud, which is sometimes an issue in Spain. It was effectively new, one year guarantee, still had plastic wrapping on upper and lower mattresses and second row captain’s chairs and not a single mark or scratch. It was imported to Spain by my local Westfalia dealer. Six months ago, with 110,000 kilometers, I was offered 50,000 euros by the same dealer to buy it back. When I bought mine, Westfalia was buying them cheaply in Germany and selling them expensively in Spain. They told me they are now buying them up in Spain and selling them in Germany, where there is high demand and no vehicles available. Since my T5.1 Beach has turned out to be the perfect vehicle for my purposes (my only vehicle, nearly zero city usage, all season travel, 50% two person camping off grid and 50% 7 person sports team travel for hiking/biking/skiing), I didn’t hesitate to turn down the offer.