Curious as to hear others thoughts.
Im in a position where it would be nice to replace my wife's (or my) car. Both cars still work fine but I just cant bring myself to pay the post COVID prices that are now the new reality. Perhaps im also hoping that EV prices will continue to moderate further towards petrol models too.
Would you delay replacing your current car if it wasnt due to mechanical failure or an accident? Or are you all aboard the EV express?
Thanks :)
which year/model of XC 90 you been looking? i did look on it too but i noted quite a lot of electrical drawbacks.
Ditto, was going to go the XC90 due to Volvo reliability and it not being a mechanical nightmare that is an Audi, Mercedes or BMW.
And it looks the business.
But it sounds like the current generation had a raft of issues and faults.
2016+. Budget needs to be $40k+, but RBA has now started vaporizing my pocket.
My 2005 accord euro is still going strong. Couple that with me working from home half the time, and taking up cycling to get to work, I only clock less than 3000 kms per annum - can't justify spending on a new car at all.
Damn that was an epic model. They never made any good cars after that. Maybe a CRVs are ok.
I am waiting on delivery of a BMW X1 sDrive18i (U11 model). An EV would be lovely but the electric iX1 was another ~$25k or so (not counting novated leasing benefits), only does about 300km on a full charge and otherwise looks the same - the extra outlay seemed overkill for a family bus that will mainly potter about on crap Sydney roads at 40-50km/h.
As Bimmers go, it was launched last year at a reasonable price with stacks of equipment, but BMW has since jacked the price by 12%.
We have another 2016 ICE SUV, and hopefully both will last us until reasonably priced EVs become more plentiful.
We could have ordered a Model Y instead but we don't like the interior, and I find comprehensive insurance on Teslas is oddly expensive (and negates the "fuel" saving).
a BMW X1 … a family bus that will mainly potter about on crap Sydney roads at 40-50km/h.
Seems like a large outlay for such minor usage.
We have an iX1, got it for around 88k since we ordered in November. Free charging with Chargefox (5 years worth surprisingly, we only thought we were getting 3).
4 years of "maintenance" included - not much to be done anyways but still a savings.
Put it under an associate lease. On a 47% tax rate we are laughing all the way to the bank.
Comprehensive insurance $720 via coles on an agreed value of 114k. Couldn't believe it.
X1 will cost you about $15000 in maintenance over the next 5 years. This includes 40% chance of a major repair.
Driving a 2004 Accord Euro on ~230,000 kms. I think the design aged well, it has a great engine, it still drives well with no mechanical problems, and perhaps most importantly it has a manual transmission which is getting exceedingly hard to find in newer cars. Honestly none of the newer cars (at or around $30k, new or used) excite me enough over my current car to remotely justify that kind of cost.
This is an epic model indeed!
Involuntary delay. Ordered but its 12 month wait on a work van
Keep your existing cars well serviced and keep your money for some other non depreciating asset
Curious to know if people are starting to cancel their orders for vehicles like rav4 hybrids as rates have risen, would people still be able to afford these new vehicle repayments?
They’ll all be running the hands together thinking about how much less fuel they’ll have to buy while completely forgetting they’re paying 2x as much in depreciation and loan costs.
If you really compare using some extra fuel vs ownership costs of a much more expensive car, using some more fuel is cheaper.
Lol people really are stupid
Very true. That being said, some people would prefer to pay 2x as much just because they like to drive around in a new car.
I think it's more of making sure people understand the financial implications of their purchase.
I have 10 year old Kia Sportage. It's a diesel. Shouldn't have done bought diesel when I bought this as used car 5-6 years ago. Luckily with Covid haven't used it too much as most of the days it sits in garage or at train station so not using that much fuel. I am looking at options and went to one of the "better" car dealer with good reviews to have a look at options and have a feel. Not much stock in terms of what I want to buy and whatever is available is pricey. The prices haven't come down yet much for brand new or used cars tbh. But it can't stay at these high levels for too long imo. Even if you fork out thousands more than pre-covid, you still don't get good deal in terms of car condition, km's done and newer features. So trying to hold tight as long as I can until there is some good deal without compromising too much. Not gonna pay 60 or 70k for new EV. Dealers can keep them…ha ha..
Hope you can take it for long drives though. Diesels are annoying!
I'm holding onto my old and second household car, because a replacement expensive, and can't be bothered shopping around for one. I'd hoped this was the last car I'd ever buy, and there'd be cheap self driving taxi's everywhere by now. A false dream, for now. Using Uber and car shares would probably be cheaper for me than hanging onto this second car, as with WFH and online groceries and shopping, I hardly use the car. I don't know why i visit ozb for deals, getting rid of my this car would be my biggest deal.
I buy a new one regularly, it helps those wanting late model cars but can't quite afford new. Changing over every second year has a minimal cost to yourself but does assist boosting good quality secondhand stock.
Still driving my RAV4 2004 310k. I want an EV but I already have a job and hobbies. I DO NOT WANT CHARGING AND TRIP PLANNING to be my new career or obscession.
MY car still has 400km range and 3 minute top up.
Amazing reading this thread and people are waiting for EV rather than panicking. Yes they will bring out EVs and make it work a bit but then it won’t work.
Lol what?
what exactly wont work?
the free charging at home with solar?
most people drive on average 30kms a day
most people have a wall outlet in their garage
plug the car in and you have a full tank the next day or a few hours depending on the charger you have installed
less maintence… almost none. Tyres would be the main one.
No need to replace brake pads / rotors as you mainly use regen brake
charging only takes around 20 min a super charger or around 40min and will last you a good 400kms
haven't had one issue yet
sounds like you are claiming something wont work when you haven't got a clue on how it works
source: i own an ev
Electricity shortages. The ones that are being experienced by places that have abandoned fuel. Germany was freezing and not enough electricity. Once you shut down the oil production, you can’t just start them up again. It is difficult to get the flows to current levels.
When I get my 'super money' I will probably use ($30k?), sell my turbo Veloster (2013, $16k) and grey imported Regius Van (1997, $12-18k?) I use for camping; and buy an EV.
In late 2025.
Not sure which EV; but I would like 0-100 in under/about 7s. (otherwise I will feel I have done a step down). I'm not a rev head.
Maybe: I'm dreaming.
i'll get an EV when my 11 year old Honda dies
Getting a 2023 rav 4 to replace a 2009 Yaris, which is too small. Selling the Yaris cos it has decent resale value. Keeping the 2001 Corolla until it dies, which might still be another 3-5 years at this rate. We only drive the second car once a week or so as that’s the car that is the designated dog carrying car.
The RAV4 2021-2022 was a great value car.
2023 they have jacked the prices which is annoying. Still great though.
I feel Toyota QC is going downhill though. My RAV4 2021 developed noise (control arms needed to be lubricated) and had to be fixed via warranty. Dissapointed in Toyota.
Thanks!
If and when the Toyota finally arrives, I will keep an eye and ear out for any issues.
I recently had the chance to hire and drive an MG HSR for a week.
The HSR had some type of bs clutch system whereby you needed to press on the pedal gently to get it from 0 - 20kph, and then press harder again to get it moving (much more quickly) from 20 - 70kph. The interior was admittedly quite nice and it had a lot of new gizmos and electronics that you wouldn't expect in such a cheap car. I'd be tempted to buy one, if I didn't think that they'd fall apart after 20,000km on the odo. In the week that I had it, some plastic flappy plate on the underside of the vehicle had partly detached, and it was dragging along the road. This was on a HS R which had only 9.5K on the odo when I picked it up!! I only drove it to and from Brisbane and Ipswich and it was all on paved roads too. No off-roading or anything excessive. It's not a vehicle that you can really thrash, in any event.
If some additional lube is all that I need to worry about on the Rav 4, then I'll count myself lucky! :P
I don't know much about MG but they look cheaply built on the outside. I remember this is how Hyundai started 20 years ago. Also Kia. Maybe MG needs to mature with their build quality.
Usually those plastic plates are held by clips or 10mm screws I think. My neighbours had come apart 3 months ago and was making a loud rattle on their ?2005 Toyota Corolla. He didn't even realise until I told him. Not the biggest deal.
My main quibble with these electrics is that the battery takes far too long to charge, can't jump start (ie if you run out of juice, better cough up for a tow), fails to start without 12V battery, and significant range degredation every year up to 30% at 8 years.
Environmentally EVs are good but I don't care about environment. I want government to care about environment and put in green policies such as very cheap EVs and very expensive petrol cars/petrol. Commertial/ large consumers need to change first.
I don't think I will affect climate change much by paying 70k for an electric car and being 30k out of pocket while driving only 10k per year. I will however waste alot of time charging and plotting how to get from A to B rather than just enjoying driving or the trip it self.
Would this change in the future? Probably. HODL for that.
Yes, I am delaying buying a new car.
Reason being that I can't afford a new one.
Did you play 100 million dolla jackpot?
Delaying, waiting for supply to catch up to demand and/or overwhelm it and dealers start to give out those spicy 1.8% deals again.
Money better off in an offset OR savings account.
So what are people's thoughts on getting a new credit card like this from Citibank or whatever as it's going to have credit check and also doesn't look good from credit history point of view when applying for loans? Or am i wrong completely here?
I have my eyes on Volvo XC90 so I'm not able to buy anything else. Current car works fine but has started demanding repairs too often.