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I doubt it, the BIK tax makes the car attractive for business and fleets and that made up circa 70% of new car demand in 2020.Be interesting to see if the grant removal significantly slows those sales from now on.
There was a lease deal out yesterday that was £8 more than the cheapest one I found on an LR when it had the grant applied.I disagree, think it will be quite significant. £3k represents quite a steep monthly increase on finance.
Don't forget, it isn't what necessarily what people can "afford". Many car schemes are hard capped on an arbitrary figure and it will push the car out of those too.
Very good points.The same chart shows Tesla didn’t make the top 10 in the quarter. It’s easy to get carried away looking at individual charts, JATO have a chart that shows Tesla sales fell 9% across Europe in 2020 on the year before.. there's always a chart that shows you what you want to see. I think is pretty mixed out there.
There were also probably a lot of people who opted into salary sacrifice for 3 years and got one. but is that repeatable each year? Residuals may also soften as the longer the car has been selling the greater the used market is, we're already seeing that on the used market where cars in the first year were traded virtually at the new price, and since then there's been a steady and not unrealistic depreciation, that will start to filter into the costs in addition to the grant going.
I'll be convinced when some real data comes in. The number of times I responded to attractive-looking lease deals that turned out to be vapourware was too numerous to mention. Hell, they might not have updated their prices in response to the changes. Whatever it is, even if legit, one price is not data - overall pricing has increase by around £80/m over a typical lease.It does indicate that funders are already responding to the price changes. Finding that proves basic economics.
That's true about lease co's. Plenty of bait and switch with low lead in prices!I'll be convinced when some real data comes in. The number of times I responded to attractive-looking lease deals that turned out to be vapourware was too numerous to mention. Hell, they might not have updated their prices in response to the changes. Whatever it is, even if legit, one price is not data - overall pricing has increase by around £80/m over a typical lease.
Indeed, that just about sums up the used market!I think third party funders are wary of Tesla regardless. Many were left holding a massive problem when Tesla slashed the best part of 40k off the P100D MS and MX over night and without warning.
You only have to look at what's for sale and how long of its been sitting around to know the used market is generally over priced. There's a 2021 model year LR car in midnight silver and 4k miles on the clock and its not sold at under £44k - that car is now over £50k new. Tesla have a 2020 LR with FSD for under £47k and thats not sold either and new it would be £58k.
Don't get me wrong, depreciation is still relatively low compared to some ICE, but it is happening.