Luckily my work do a salary sacrifice scheme, which covers everything bar screen wash and electric - so the calculations on that side were quite easy...
The monthly payment (net) is £470...
But that includes insurance, road tax, servicing, tyres, breakdown cover.. Everything needed to get on the road. No deposit, and after 4 years I can return the car to them and go for another.. or purchase it outright..
My current Volvo whilst I already own it has to be insured, taxed, MOT'd, serviced, and regularly repaired as part of the service.
Plus fueled using diesel which is currently ridiculously expensive....
Adding up what I spent on it over the last 12 months - and doing a fuel calculation (based on me using the most expensive public chargers) - I'd be saving £120+ a month on fuel. And overall for £50 a month extra I'll have a brand new car... For me that's a no brainer. If I get cheaper/free charging then it'll be better than that.
Why don't you charge at home I hear you say? Because it's physically impossible... (Separate post on public charging and why will be coming...).
Sums wise :-
Volvo costs exc fuel (per month average) - £240
Volvo fuel Costs - per month - £260
New Car costs exc fuel - £470
New Car fuel costs (max £128 - min £0*)
Volvo total £500
New Car total £600 (or less)
Work are planning to install EV charging points - yet to be seen how much cost to us as yet - but ideally free..
So marginally more - but to get a new car vice a 16 year old one that's a moneypit.... I think it's worth it...
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