Resale value

All Jaguar I-Pace related discussions
User avatar
anorak
Posts: 509
Joined: Sun Feb 03, 2019 10:56 pm
Location: Cambs. UK

Re: Resale value

Post by anorak » Fri Jun 07, 2019 11:29 am

Short term residuals are excellent on the i-Pace, at least they are according to the finance companies.

My GFV is 61% of the list price (before government grant) after 3 years. Never had anywhere near that on previous car finance deals. It's the only reason I could afford one!
I Pace EV400 S, Caesium blue, Oyster leather, 18" wheels
MY19, delivered 01/2019
IMC: S19B_19.40.4-436082 || Telematics: 17.2
Now on its 2nd front EPIC

User avatar
Thincat
Posts: 382
Joined: Thu Feb 22, 2018 1:20 pm
Location: Leicestershire, UK

Re: Resale value

Post by Thincat » Fri Jun 07, 2019 9:30 pm

qqiao wrote:
Thu Jun 06, 2019 11:09 pm
SammyD wrote:
Thu Jun 06, 2019 4:08 pm
qqiao wrote:
Wed Jun 05, 2019 10:40 pm
The residual value will be very very low. This is not a problem unique to i-Pace though, most electric cars have pretty crappy resell value.
But... according to Elon Musk, Tesla's will appreciate in Value.

"Take your pick" and "double your money?"
{you have to be of a certain age to know what those mean.}
I'm not sure about this robotaxi thing. Who is going to clean up the inevitable vomit on the back seat on a Friday night? What if you car then goes and tries to pick someone else up with a puddle of... sick in the back seat? And what if your passenger falls asleep?

There are soooo many things that can go wrong and I'm not sure Elon had thought it through
You are so right :o :shock: :o
Cesium Blue HSE no sunroof, air suspension, HUD. Changed 20in wheels to 18in :D .

oop north
Posts: 365
Joined: Thu May 24, 2018 3:41 pm
Location: NW England

Re: Resale value

Post by oop north » Sat Jun 08, 2019 10:14 pm

I really should check again before posting here, but if you have a look at the Tesla Model S configurator, you will see that an £80k car is forecast a residual of (if I remember correctly) £28k after 4 years / 40k miles. Ouch
it’s here! Arrived 29.04.19, HSE, MY20, Caesium Blue, tan interior, black bits

scm
Posts: 902
Joined: Fri Jan 18, 2019 1:11 pm
Location: Southampton

Re: Resale value

Post by scm » Sat Jun 08, 2019 10:35 pm

Any predictions of resale value are pretty much guesswork anyway since things can change a lot in 3 years - remember when diesels had high residuals?

DickiePhitt
Posts: 36
Joined: Mon Sep 17, 2018 10:26 pm
Location: UK

Re: Resale value

Post by DickiePhitt » Mon Sep 09, 2019 10:29 pm

Just to add a mischievous twist to this thread.

I put the Reg No of my 5 month old I-Pace S in WeBuyAnyCar.com and it came back with £45k

On that basis I'm happy to be leasing!!

User avatar
NightFox
Posts: 497
Joined: Mon Apr 15, 2019 7:36 pm
Location: Shropshire, UK

Re: Resale value

Post by NightFox » Tue Sep 10, 2019 9:51 am

DickiePhitt wrote:
Mon Sep 09, 2019 10:29 pm
Just to add a mischievous twist to this thread.

I put the Reg No of my 5 month old I-Pace S in WeBuyAnyCar.com and it came back with £45k

On that basis I'm happy to be leasing!!
And you can be sure they'd find a reason to knock another £40k off that offer when you took it in for inspection ;)

richardw
Posts: 13
Joined: Wed Nov 21, 2018 10:30 pm
Location: Godmanchester

Re: Resale value

Post by richardw » Thu Jan 09, 2020 12:44 am

My PCP is soon coming to an end on my 13 month old FE iPace. Low mileage. Settlement figure £61k.
Jaguar part exchange value £53k. Other manufacturers £48k.
Similar models on dealers forecourts for £58-£60k
I think that the finance companies will be getting a lot of iPaces back and some unhappy customers if values have dropped so much more than expected, and not even a deposit on a new car
Guess it is goodbye to iPace ownership in March!!
But I loved the car.
Photon Red FE. Ordered March 18.
Delivered 8th December

User avatar
anorak
Posts: 509
Joined: Sun Feb 03, 2019 10:56 pm
Location: Cambs. UK

Re: Resale value

Post by anorak » Thu Jan 09, 2020 5:42 pm

richardw wrote:
Thu Jan 09, 2020 12:44 am
My PCP is soon coming to an end on my 13 month old FE iPace. Low mileage. Settlement figure £61k.
Jaguar part exchange value £53k. Other manufacturers £48k.
Similar models on dealers forecourts for £58-£60k
I think that the finance companies will be getting a lot of iPaces back and some unhappy customers if values have dropped so much more than expected, and not even a deposit on a new car
Guess it is goodbye to iPace ownership in March!!
But I loved the car.
Ouch! £2000 a month depreciation - that stings! Looks like I'll be keeping mine until the end of the PCP term and then handing it back as well then.

Where did you manage to get a 15 month PCP deal from Richard? And did it work out better financially than leasing? I only ask as I was thinking of part exchanging for a new one after April when the new EV company car tax rules come into effect.
I Pace EV400 S, Caesium blue, Oyster leather, 18" wheels
MY19, delivered 01/2019
IMC: S19B_19.40.4-436082 || Telematics: 17.2
Now on its 2nd front EPIC

Jimbob
Posts: 11
Joined: Mon Oct 08, 2018 9:34 pm
Location: United Kingdom

Re: Resale value

Post by Jimbob » Thu Jan 09, 2020 7:09 pm

Pah, that depreciation is nothing:
Previous car,I bought a 2 year old CLS AMG (£93k list) for 40k. Sold 2 years later, at 4 years old for £28k. Welcome to premium car depreciation!

User avatar
anorak
Posts: 509
Joined: Sun Feb 03, 2019 10:56 pm
Location: Cambs. UK

Re: Resale value

Post by anorak » Thu Jan 09, 2020 8:31 pm

Appreciate the point on premium car values shedding quickly.

What is disappointing though is how far out Jaguar Finance appear to be with their GFV or settlement figures. I can't see many owners re-financing their vehicles at the end of term if they're in £10k negative equity after just 15 months.
I Pace EV400 S, Caesium blue, Oyster leather, 18" wheels
MY19, delivered 01/2019
IMC: S19B_19.40.4-436082 || Telematics: 17.2
Now on its 2nd front EPIC

Post Reply