Looking at the new deals with BYD (Atto 2 for around $25,000), it looks like electric are the cheapest cars to buy at the moment.
Say you drive under 5000km per year.
I heard electric insurance is double (around 2K) and there are other fees and charges. So when comparing small petrol, the fuel savings are offset with other charges on electric.
What about the claims the cars chew tyres? Is that a reality? Is that just based on weight? Makes little difference if you hardly drive and probably is offset by the lower service costs
It's the torque not the weight that mostly chews tyres. Most small EVs aren't that heavy compared to ICE equivalent. A gentle right foot will help minimise tyre wear.
Cheers
That was Nine News sensationalized media reporting on all the important stuff to keep everyone stupid.
Dmax Ute 4x2 basic model 2 seater aluminum tray, weight starts 1700kg.
Atto 2, 5 seater starts at 1300kg
I’ve never owned one so that’s why I asked, Google ai said they chew tyres 15-30% faster but I’d rather a human tell me whether it’s the case or not
@Onemoredeal: That story was on ABC Media Watch. They made Nine News apologize about running the story.
https://live-production.wcms.abc-cdn.net.au/a55c14b57408a179…
@Onemoredeal: Just out of curiosity is that why they say dont soly rely on ai as ai can make mistakes?
Also wondering howcome ai make mistakes btw
@ATTS: AI isnt really making the mistake, people just incorrecting attribute what AI says as facts wh3n a lot of the time it is just summaries of the source data, in this case stories written with an agenda. Most ai engines have the option to reference sources and you can instruct to never infer or create data.
@gromit: which is why there are farms of disinfo propaganda out there about israel that the LLM's are happy gobbling up and regurgitating to anyone who asks.
@ATTS: No, you just give instructions. Things like copilot you can tell it to remember the instructions and always act that way.
Its unfortunate most people are not given prompt training. E.g in chatgpt you can tell it to never infer or invent information and to always site sources and when you are missing information always say so rather than filling gaps.
@Onemoredeal: It makes sense EVs have full torque at the very start and EV noobs will be trying to break record at every set of lights.
If you drive sensibly they tyres will last unless you fitted some ultra high performance summer tyres. My kid shred his MTB knobby rear tyres in two weeks school holiday without doing much riding. I am tempted to remove his rear brakes.
At 5000km pa they'll go hard and need replacing before the tread wears out. So that's not an issue.
They also start to lose grip and noisy. It's so nice to have new soft tyres.
Which model ev you had btw?
Can you share how much is your EV insurance?
$1.5k for ATTO 1 Premium, with 2x drivers under 25. For my 5yo Outlander it's around $1.8k.
Yeah it's expensive, living in the housing commission suburb in the Sydney East…
Servicing a car costs. So is electricity to top up the battery. Both are cheaper than equivalent in petrol cars though.
the bigger issue or cost is when you need to replace the batteries…
Yeah, everyone know the batteries always die after 2 years and cost more to replace than the car was bought for. That is the few that haven't exploded and burnt down the whole neighbourhood, spreading cobalt mined by child slave labourers in the Congo everywhere. And in those two years you've gone through four complete sets of tyres too. Of course the upside of this is that your car will no longer be reporting your every movement and speech to the Red Chinese military … /s
Gee people swallow so much BS just so long as people who look and speak like them say the BS.
Username checks out.
Do you currently own a car? If you do, then it's not worth it.
OP doesn't wanna hear sense, he has too many cents
If you don't drive much then your largest cost is depreciation. Buy a car that has low depreciation
And a crystal ball as well… just so you can look into the future and see what ones are going to depreciate the least…
Yes, Toyota corolla or Ford Model T are good picks. Avoid Mercedes S Class
If he has a crystal ball he doesn't need to save money on his car. He'd be filthy rich gambling
you seem to love a crystal ball ha
An even better option is buy one that's already depreciated.
Or even a second hand one with a battery health certificate showing how much life is left.🤔. They are cheap and getting cheaper as they roll off leases and no one wants them …let some other mug eat the depreciation.
They are getting cheaper secondhand purely because new ones are getting cheaper. In fact their rate of depreciation has slowed - that is, they are not getting cheaper as quickly as new ones, which means canny buyers DO want them.
You're right though that it's best to let original owners eat the depreciation, whether ICE or EV. Late model used has ALWAYS been better value than new..
They are cheap and getting cheaper as they roll off leases and no one wants them
Yeah, nah. Used EVs are in demand. Just got to compare used prices to a current new equivalent, not the price when sold new. People who are waiting for them to come down even more are going to have to wait longer. Plenty at $30k, virtually none at $20k.
Under 5k per year sounds like you should get the cheapest car your ego can afford.
It doesnt make financial sense (for most) to buy ANY new car at that few kms.
BUT, if you WANT a new car youd also be mad to buy any thing running on fossil fuels right now, including PHEVs.
"Under 5k per year sounds like you should get the cheapest car your ego can afford."
Agree, my primary vehicle is still the $400 Mighty Metro, 6 years on
.
To put it simply:
If you are planning on getting a new car anyway, then you would be foolish not to consider an EV.
If you are planning to get an EV just to save on running costs, then it's never wise to get one, especially when you do only 5,000km. You are better off buying a cheap 5-10k Toyota for 5,000km.
An EV can be bought under a novated lease arrangement where ALL finance payments and runnings costs can be 100% tax deducted, which makes it cheaper than paying outright cash or 0% car loan. This is the game changer between ICE vs EV cars.
Additionally, EVs has less moving parts so there's less things to go wrong and has minimal servicing requirements.
@voo123 - noob questions - how this novate lease works and how this tax deduction works on EV cars?
The way it works is that it is technically your EMPLOYER, not you, leasing the car (though the "novated" bit says you have full use of it at all times, not just for business). With an EV the employer can immediately write off the cost of this on his tax, after which he can reimburse the cost for himself by just reducing your pay packet, which in turn means you pay less tax.
Because the pretax income he takes from you is less than the amount of post-tax income you would otherwise have had to spend to buy it then your employer comes out even from the deal while you come out ahead. The loser from the deal is the taxman.
Aint creative accounting wonderful?
Fake Financial Savings
For Finance Sake
Electric is perfect for small mileage. I drive about the same as you, mostly around town, with the occasional longer drive.
I charge the car about once a fortnight at a carpark overnight (I'm renting while my new place is being built which will have solar and a charger) for around $19.
The car holds the charge for many weeks, so won't go flat.
The driving experience is very pleasant. Would never go back to ICE.
nice. Which small electric do you have? Also how much you pay for insurance and other annual expenses like rego, service.
Rego would be the same price. Servicing is cheaper and occurs less often. Specifics idk. If you don't believe me, that's a you problem.
Electric is better than ICE if you don't do many KMs.
Doesn't need servicing as much.
ICE cars have more problems if you only do short trips and don't drive much. EVs don't suffer from that issue.
Are you changing cars or just wanting to buy one? If it's the former then generally changing cars is not the wisest financial decision to make (but sometimes you just want a new car and that's fine).
I heard electric insurance is double
No, Tesla insurance is double.
Other EVs that don't have all the stuff on them that Teslas do that make them expensive to repair, do cost a little more than other cars, but not double. That said, the number of new Chinese companies recently entering the Australian market has resulted in delays with some in getting the parts to do the repairs. And if the insurer has got to supply you with a rental car while they wait for months for the parts to become available they may write it off even if there isn't much damage.
But they are cheaper to run. They are more reliable. And they are well suited to low usage and short trips.
No, Tesla insurance is double.
Also not double. More yes, but nowhere near double (in my own experience).
I own a 2023 EV and a 2018 Hybrid. The OP statement around insurance is incorrect. Both have similar insurance costs.
Sure, if you buy an EV worth twice what your toyota camry is worth then yes, insurance will double. Duh.
Depends. The old mantra of never getting rid of a car under 10 years is still pretty reasonable imo. If your car is older, but working well with low km, changing to a new car will give you better safety.
Given the advantages of an EV, I'm perplexed that folk doing urban runs would buy anything else.
I only do about 8,000 km per year.My insurance for a Tesla is about the same as a similar ICE car. Basically free running for 8 months of the year from a solar/battery system that paid for itself a few years ago.
paid for itself
Are you sure the government didn't pay some of it?
"Are you sure the government didn't pay some of it?"
Are you sure tax payers didn't pay some of it?
.
Well, the Powerwall was bought in 2018 with a generous Council rebate. Which probably came under some deal with the State or Federal govt. So yes - helped by the great unwashed that decided a battery at that stage wasn't cost effective. If that was you - thanks. So thanks to tenpercent!! Assuming that you even pay tax…..
Unlike the ICE car where the gpvernment pays for some of the fuel?
Is It Worth Buying Electric Car if You Don't Drive That Often?
Do the maths…
Do the monster maths
It will be a caryard smash
I was working in the Seal late one night
math
In America?
Yes
Sounds like OP just wants a new e-toy.
Just get a scooter to calm your jets.
Idea is Far From Sound.
No
.
Maybe
I don't know
You may as well bite the bullet and switch to EV now. If you ever desperately need a longer range car you can just rent it or swap with a friend.
Insurance for ours is no different to ice car. No other expenses. Service only every 2 years. Only charge at home
Savings are enormous more so with the price of petrol.
I dont have a ev myself but a ev for you could be a better fit.
Nothing wrong with having a small car your not going to get crushed by a bigger car lots of idiots out there but its not demolition derby.
The doubled insurance claim is news to me as an EV owner who pays half that.
Under 5000? Presumably city. Get the Atto 1.
The Atto 1 is short in length but the height is decent. It doesn't appear that small
It's great on paper but bit too small in size.
Everyone is driving big cars. In accident, this is going to get crushed.
I think need to get Atto 2 size or mini SUVs as bare minimum nowdays
Welcome to group think
Because everyone is shoving dirt in their mouth so must I!
Got the physics all wrong there. Apart from most serious accidents not involving head ons (T-boning is more common), running into a car much bigger than you involves no more crushing than going headon into a concrete wall. What happens in both cases is that some of the energy is dissipated by the small car bouncing back off the bigger object, not by the small car being crushed more.
The Atto1 has a five star energy rating for a reason. Like all modern cars it is carefully designed to crush to keep the G forces on the squishy things inside survivably low. A large car with the same rating has the same crush rate and the same strength in the passenger cage - if that gets crushed the G forces will have already killed you anyway.
I only drive locally daily and I have solar and battery I drive a Mitsubishi phev plug in hybrid use a normal electric plug no special equipment to charge in my garage. I do have to use fuel periodically and the car tells me to refresh the fuel from time to time but the phev is perfect for my use. I use electricity from the battery 90% of the time and top up fuel every few months.
How often do you drive?
In a city with street car rental its cheaper to rent once a week than own a car. Ymmv
This doesn't include the cost of a car parking space.
I mean, you heard wrong? For me anyway insurance was the same as my old car, and the new car is worth more than ten times as much. And what are the other 'fees and charges ' you are talking about? It's the same stuff as any car - insurance, rego, servicing etc.
Lower or zero servicing fee due to no moving parts. For low milage, the free power windows are just enough, so fuel free.
But yes, buy only what is needed. Impulse buy is unhealthy, unless op has spare money to give EV a try. Never too soon to start exploring this future technology.
It may be worth it if you are in a high tax bracket and you get a novated lease.
In my case the cost of the lease with all running costs and care payments and baloon, broke even with just running costs of my existing Mazda.
In my case I am in the highest tax bracket and the EV was approximately $30k.
If you factor in selling your existing car then, in my case I would actually be ahead.
I got 99/100 on my year 2 spelling quiz my misspelling balloon with one l.
Yes, we had stamina back then in the 70s. It still haunts me to this day.
I lost an entire mark in a Resource list for spelling Ballina with one L. Over 80 references and they found the only error. It was the only mark I lost on the entire assignment.
On another assignment I missed one full stop within a two page reference list. Only mark I lost in that assignment as well.
No referencing tools, all done by hand.
No insurance isnt double, unless you get something like a tesla. My zeekr 7x performance is around $1200 a year which is cheaper than the mercedes it replaced.
just get a byd atto 1 19,990
just catch the bus
Just walk
Just don't go
can we come
and make sure it's an electric bus otherwise walk.
What cooker bullshit is this?
…from a bottomless pit of totally useless information 🤣
User name checks out.
If you are in the position of buying a new car, with the mileage you drive each year (which I believe would be mostly urban), between petrol & electric cars — yeah going electric makes sense.
That's a PHEV with only 39km of WLTP range though.
My $30k EV has cheaper insurance than my $30k petrol car. YMMV.
Servicing a car costs. So is electricity to top up the battery. Both are cheaper than equivalent in petrol cars though.