GolfGTIforum.co.uk
Model specific boards => Golf mk7 => Topic started by: Duroo72 on 12 February 2015, 10:09
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http://www.mycarforum.com/blog/12/entry-3854-volkswagens-golf-gte-is-much-faster-than-it-should-be/ (http://www.mycarforum.com/blog/12/entry-3854-volkswagens-golf-gte-is-much-faster-than-it-should-be/)
not bad at all being an electric helps as electric power is instant and linear
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:shocked: Interesting...... :evil:
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Imagine it with a tuning box/remap ;) (or the Haldex system to put the power down)
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Impressive performance.....
With no knowledge what so ever on the subject im guessing you'll need to be doing pretty high annual mileage to justify the cost of a GTE over a GTI..?
Has someone worked out the mileage difference needed to account for the extra cost..?
Ken
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I've not done all of the fuel/electricity cost calculations as yet, but the GTE works out at £100 a month cheaper than a GTD on our company scheme. Hmm this might tempt me back into the scheme.
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The attraction for me is that I could do my daily commute using electric power alone and it would likely cost around £3 a week. But the big plus is that I'd retain the long range capability of a petrol/diesel car you wouldn't get with a true EV.
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Bit inaccurate of that article to not include what a GTI or GTD would do other than manufacturers claimed times.
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Impressive performance.....
With no knowledge what so ever on the subject im guessing you'll need to be doing pretty high annual mileage to justify the cost of a GTE over a GTI..?
Has someone worked out the mileage difference needed to account for the extra cost..?
Ken
That'll depend massively on the depreciation of these (on a new car depreciation dwarves fuel differences), and how many miles you can and will do on electric power alone. Can't get a GFV figure for the GTE right now, the VW UK website seems a little screwy for GTE right now. Hopefully it'll be around the 50% mark (is that 50% of £33k or 50% of £28k after subsidy?)
If you can get 80% of your miles done on electricity only, running it like a 100ps milk float then you're going to notice the difference when you start filling up every 2 months instead of every week. If you normally get clobbereed by the London congestion charge then one of these can make a lot of sense (i'm assuming these would be exempt).
On a long journey where the electric power pales into insignificance, this will likely be almost as thirsty as a GTI as it is lugging around extra weight of the electrical components).
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"I've not done all of the fuel/electricity cost calculations as yet, but the GTE works out at £100 a month cheaper than a GTD on our company scheme. Hmm this might tempt me back into the scheme."
Me too!
Out of interest if I took an R when my GTD lease ends in 2 years the monthly company car tax alone is £300 a month plus fuel contribution, is that worth it seeing Ill have nothing at the end of the 3 years to show for it - would you guys pay that much?
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Company car tax is a point I had not considered...by the sounds of it the GTE could make more sense.
Ken
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Company car tax is a point I had not considered...by the sounds of it the GTE could make more sense.
Ken
Yeah, I don't think the GTE makes sense as a private buy. I came out of our scheme last year as we changed provider and my mileage had dropped. As an example a GTD is £485 out of pocket and a GTE is £385 for a 40% tax payer. It used to be a no brainer to take the car rather than cash at our place, you now have to do the maths carefully even if you're covering quite high annual miles. I've not looked at what the mileage rates I coukd claim for the GTE as yet. It's 13p a mile for the GTD.
PS
We're capped at 130g co2.
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Bit inaccurate of that article to not include what a GTI or GTD would do other than manufacturers claimed times.
Exactly the point. Yet the article makes a point of saying a non PP GTI will do 0-60 in 6.5 and the GTD in 7.5, even though these are VW's official figures. So how about line all three cars up and see what happens, instead of just making a headline out of just one of them and therefore implying that the GTE is the quickest :rolleyes:
Also, I know nothing about electric cars, but if you're nailing it all the time in a GTE will you run out of juice or does it recharge itself ie. is the battery portion fully available all the time?
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One thing to watch out for is that its really hard to claim the electricity as a business expense.
This article talks about the Advisory Fuel Rates actually over-paying for hybrids:
http://www.fleetnews.co.uk/news/2014/6/30/afrs-fail-to-reflect-real-world-costs/52844/
However, it does mention that the AFR is a maximum, your employer could easily restrict their payments to below it and not include your electricity costs....
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One thing to watch out for is that its really hard to claim the electricity as a business expense.
This article talks about the Advisory Fuel Rates actually over-paying for hybrids:
http://www.fleetnews.co.uk/news/2014/6/30/afrs-fail-to-reflect-real-world-costs/52844/
However, it does mention that the AFR is a maximum, your employer could easily restrict their payments to below it and not include your electricity costs....
Just checked our policy:
'Petrol Hybrid cars are treated as petrol cars for this purpose'
That means 13p a mile for 1400cc or less. There's no way my employer would pay for my electricity. A guy has got a twizzy and he asked if he could plug it in, they effectively said F off :grin:
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Also, I know nothing about electric cars, but if you're nailing it all the time in a GTE will you run out of juice or does it recharge itself ie. is the battery portion fully available all the time?
It has a battery charge mode which recharges the battery via regenerative braking and on a trailing throttle while you're driving.
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Also, I know nothing about electric cars, but if you're nailing it all the time in a GTE will you run out of juice or does it recharge itself ie. is the battery portion fully available all the time?
It has a battery charge mode which recharges the battery via regenerative braking and on a trailing throttle while you're driving.
I saw that on the pictures, but how effective is it? Does it fully charge on the move or will it need a few plug ins?
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Another thing to remember is that if it's just a company car and you're just going to use it as a daily hack then fine.
What it isn't is a proper GTI/D replacement. No doubt those type of models will come in the next few years but the GTE is a 1.4 TSI with a f**k off big heavy battery to lug about, don't expect it to drive like a GTI.
If you live in Milton Keynes it'll probably be fun to blast away from traffic lights and not worry too much about hills.
If you live in Swindon with its six million roundabouts you'll probably be less impressed.
Just a thought!
Still, on a positive note - at least we finally have a car that is going to make use of a DSG box properly. :kiss: :tongue:
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Remap to 180 tho :wink:
And I honestly cant wait for the time where were buying better batteries etc from Japan, its gonna be crazy with the amount of potential manufacturers. You can forget Revo vs APR convos lol
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My understanding of these new plug in hybrids is unlike the original Pryus which used the petrol engine as a generator to top up the battery when driving, the new cars have a option of plug in charging as well.
This means that if you have a short urban commute, you could realistically drive to work and back on electricity, then charge it up again from the mains overnight ready for the next day. Without plug in, once the battery was depleted, the only way you could re-charge it would be to run on petrol.
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I've requested a demo through our fleet provider. Goodness knows how long I'll have to wait for one though. Although as this model is going to be very attractive to the company car driver you'd hope they'd have a few available...then again I had to wait 4 months for my GTD to be built ;)
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Bit inaccurate of that article to not include what a GTI or GTD would do other than manufacturers claimed times.
Exactly the point. Yet the article makes a point of saying a non PP GTI will do 0-60 in 6.5 and the GTD in 7.5, even though these are VW's official figures. So how about line all three cars up and see what happens, instead of just making a headline out of just one of them and therefore implying that the GTE is the quickest :rolleyes:
Totally agree, i remember seeing one magazines timing the mk5 ed30 standard manual 0 - 60 in about 5.6 secs and i thought what a load of boll locks
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Just gone through the car configuration page and to spec a GTE the same as my GTI it would cost £37k!!!! I don't care how many miles you do, it's gonna take a lot to offset that cost in fuel difference in the 3 years.
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Just gone through the car configuration page and to spec a GTE the same as my GTI it would cost £37k!!!! I don't care how many miles you do, it's gonna take a lot to offset that cost in fuel difference in the 3 years.
You can knock £5k off that though thanks to our lovely government ;)
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Oh I must have misread the info. I thought that included the 5k grant. 3k difference would be worth considering
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The GTE does look to be a solid contender. But we're forgetting that it's weakness is also it's strong point. It's still an electric car, a very effective electric car I'm sure but you need a garage, you need to remember to plug it in every single night, it sounds like a giant remote control car, the power delivery will be different and from what I've heard the DSG box struggles to keep up with second guessing what you're about to do.
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With no knowledge what so ever on the subject i'm guessing you'll need to be doing pretty high annual mileage to justify the cost of a GTE over a GTI..?
You don't need to - its cheaper! The GTE is the same price as the equivalent five-door DSG GTD - in fact i think its 50 quid less....taking the subsidy in to account of course. That means about 500 quid cheaper than the equiv 5-door DSG equipped GTI.
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I'd be fine without a garage as we have free charging points at work and I'd also get 45p per mile mileage too. With my commute of only 3 miles I'd never use a drop of petrol during the week :grin:
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Bit inaccurate of that article to not include what a GTI or GTD would do other than manufacturers claimed times.
Exactly the point. Yet the article makes a point of saying a non PP GTI will do 0-60 in 6.5 and the GTD in 7.5, even though these are VW's official figures. So how about line all three cars up and see what happens, instead of just making a headline out of just one of them and therefore implying that the GTE is the quickest :rolleyes:
Totally agree, i remember seeing one magazines timing the mk5 ed30 standard manual 0 - 60 in about 5.6 secs and i thought what a load of boll locks
Numerous variables with 0-60 but the book figures can usually be beaten in the right conditions. The reality is once on the move it will be slower carrying that extra weight i.e 30-70.
Same with Quattro cars, the 0-60 is quicker only because of the launch but once rolling the additional weight and drag is a penalty.
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So - the car can do up to 31 miles on a full electric charge without resort tot he petrol engine... has anyone worked out what that would cost on the average UK electricity bill? In other words, a way to compare it to mpg?
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So - the car can do up to 31 miles on a full electric charge without resort tot he petrol engine... has anyone worked out what that would cost on the average UK electricity bill? In other words, a way to compare it to mpg?
Providing you use your own plug :wink:
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According to a spokesman for Renault, using the Twizy to drive 130 miles a week would equate to roughly £3 per week - or £156 a year - based on three charges a week and domestic electricity at 14p/kwh unit.
The Nissan Leaf can drive up to 109 miles before it needs to be recharged, but that takes twice as long as Twizy.
According to a spokesman, it costs £2.03 to charge it from flat to full, taking eight hours. Charging it overnight is popular, as night-time energy tariffs tend to be cheaper.
The spokesman did recommended not letting the battery run to empty though – so perhaps charging it every other day, every 60 miles in your scenario, meaning two or three charges a week – at an average cost of £5 - or £260 a year.
Read more: http://www.thisismoney.co.uk/money/experts/article-2243534/How-does-cost-charge-electric-car-home.html#ixzz3RcESX29f
Follow us: @MailOnline on Twitter | DailyMail on Facebook
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So - the car can do up to 31 miles on a full electric charge without resort tot he petrol engine... has anyone worked out what that would cost on the average UK electricity bill? In other words, a way to compare it to mpg?
80p to charge the battery based on my 9.1p per kWh tariff. So that equates to 2.58p per mile. That equates to my current 11p a mile based on 1.139 a litre of diesel at 47mpg. I doubt the GTE would always get the full 31 miles, but it should still be half the cost of diesel. What I'm not sure about is how effective the coasting and braking charges up the battery once your 'home electricity' miles have been used up. If it quickly reverts to a petrol only car the mpg will plummet.
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Thanks for that Jammy - but that seems to work out more like 165mpg (based on 4.45 litres to a UK gallon at 1.07 per litre) - unless my maths is really out?
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Thanks for that Jammy - but that seems to work out more like 165mpg (based on 4.45 litres to a UK gallon at 1.07 per litre) - unless my maths is really out?
That's probably about right as an equivalent mpg. That would only be for the first 30 miles (or however long before the petrol engine kicks in) though. After that I imagine it's hugely variable depending on driving conditions and battery charge level. I think the few reviews that are out there state anything between 55-75mpg combined. Personally I wouldn't consider one of these as a private buy, the GTD and GTI being 'better' and less compromised all rounders in my opinion, but the numbers do seem to stack up as a company car. The GTD is circa £170 a month to tax whilst the GTE is £55, that's despite the tax being calculated on the full £33k of the GTE.
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Thanks Jammy...
OK I still think there must be something I am not taking in about this car... you say 'it would not make sense as a private buy' - but it has the same performance (to the point of makes no perceivable difference - or if you look at the OP post here - better performance) as my GTD (DSG) yet its 50 quid cheaper to buy - and as most of my journeys are 25 miles or less its going to be doing the equivalent of 165mpg on 90% of my mileage.
Whats the issue? - it looks like a no brainer to me! :undecided:
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Thanks Jammy...
OK I still think there must be something I am not taking in about this car... you say 'it would not make sense as a private buy' - but it has the same performance (to the point of makes no perceivable difference - or if you look at the OP post here - better performance) as my GTD (DSG) yet its 50 quid cheaper to buy - and as most of my journeys are 25 miles or less its going to be doing the equivalent of 165mpg on 90% of my mileage.
Whats the issue? - it looks like a no brainer to me! :undecided:
It's just my opinion, I'm often wrong ;)
I suppose if you can really make use of that 'plug in' 30 miles and you can live with the smaller boot then it could start to make sense. Standard petrols make more sense on low mileage/short journeys anyway so that would tip it in your favour too. For me I'd want to understand a) what the mpg is like if you don't plug in for say two weeks and b) in a similar vain, how effective the recharge mechanism is via coasting/braking.
They do warrant the battery for 8 years too so there's no worry from that point. I'm not sure how the PCP and lease deals will work out, I can't imagine the residuals being quite as strong as the GTD/GTI due to a few unknowns at the moment. That might sway the argument back to a GTD.
I'll let you know when/if I can get a demo on our lease scheme and report back.
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Thanks again for that...
Well for me it also means no congestion charge if I choose to drive in to London and as I am self-employed I believe its 100% tax deductible in the first year. Obviously a longer journey will use the electric motor and petrol in combination so I would not be getting 165mpg equivalent every time - but on a lot of journeys I would get that.
VWFS will no doubt give it a decent GFV (although I wish they would get their finger out and get the finance calculator working for the GTE) so the finance figures should be as good if not better than the GTD's....
It seems to make a lot of sense for me....
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You don't need to - its cheaper! The GTE is the same price as the equivalent five-door DSG GTD - in fact i think its 50 quid less....taking the subsidy in to account of course. That means about 500 quid cheaper than the equiv 5-door DSG equipped GTI.
And, if it were a company car, the BIK would be much less with emissions of 35g/km... makes it a contender on that basis alone...
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Bit inaccurate of that article to not include what a GTI or GTD would do other than manufacturers claimed times.
Exactly the point. Yet the article makes a point of saying a non PP GTI will do 0-60 in 6.5 and the GTD in 7.5, even though these are VW's official figures. So how about line all three cars up and see what happens, instead of just making a headline out of just one of them and therefore implying that the GTE is the quickest :rolleyes:
Totally agree, i remember seeing one magazines timing the mk5 ed30 standard manual 0 - 60 in about 5.6 secs and i thought what a load of boll locks
Numerous variables with 0-60 but the book figures can usually be beaten in the right conditions. The reality is once on the move it will be slower carrying that extra weight i.e 30-70.
Same with Quattro cars, the 0-60 is quicker only because of the launch but once rolling the additional weight and drag is a penalty.
I wouldn't be surprised if a 0-60 in one o these would use a 3rd of the battery, i'd like to see how it performs a 20 mile blast on some winding roads, not very well i suspect rendering it useless as any type of GT car.
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Had one of these bad boys chasing me a few weeks ago on my way to work. It was impressively fast, it was on my @rse all the time. I thought wtf? How can that ugly as hell box be almost as quick as me? When I got to work I googled it and it seems the electric engine is quite fast, around 170 bhp and 0-60 in 7.2 sec.
(http://1hdwallpapers.com/wallpapers/2014_bmw_i3_2.jpg)
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I do like those wheels.
(Shame about the tyres....)
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Had one of these bad boys chasing me a few weeks ago on my way to work. It was impressively fast, it was on my @rse all the time. I thought wtf? How can that ugly as hell box be almost as quick as me? When I got to work I googled it and it seems the electric engine is quite fast, around 170 bhp and 0-60 in 7.2 sec.
(http://1hdwallpapers.com/wallpapers/2014_bmw_i3_2.jpg)
Electric cars do seem to be very fast , when I was ordering my golf r , the dealer told me that they had a drag race with a golf gti with a E up ,the up had the gti upto 50mph.
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I had a Vauxhall Ampera on a 3 day test a couple of years ago. Pretty much same tech as the GTE, 30 odd miles on electric and then the petrol for when the electric runs out.
I did intend to use the car as I would normally over three days, which as a Service engineer can vary pretty much, but in reality I actually gave the car a pretty good thrashing at times to see what it could do and to show interested friends who came along for a drive round the block.
Anyway. The car arrived fully charged on the battery and I reset the mileage and MPG counters. I topped off the battery each of the 3 nights from my home 13pin plug and a couple of times partial charges when I had popped home between trips. The headline figures over three days was 177mpg over a distance of 183 miles. Remember this included a few foot down acceleration test to see what it was like as well. Have to say the performance and pickup was pretty impressive, although the price VX were asking left some of the interior materials looking poor.
I think what got the figure so high was that I learnt pretty quickly where the electric made the gains. On motorways and A- Roads I kept it in the hybrid mode, so the petrol was working with the electric (think that's how it works). What I did do though and I think is key here, was to pop it into electric when in traffic, or roundabouts, pretty much any sort of stop / start driving.
Anyone chasing MPG on a run in their car will have noticed that 55mpg figure soon takes a downturn when you leave the motorway or get into the town. Pop this into electric mode and save the fuel in those circumstances.
After a while changing the driving mode became pretty much natural. My only criticism is that these manufacturers should put the driving mode switch on the steering wheel, where it is easy to toggle and less distracting than a centre console switch or info touch screen. I guess a really clever next gen system could use a ECO/GPS mode where the car could choose the best electric/petrol/hybrid mode for the given geography and road types.
I will definitely consider one for my next car if the maths work out on a PCP etc. Just remember to keep a 300 foot electric extension reel in the back of the car for those opportune topup moments ;)
Did anyone notice it doesn't have Xenon lights on the VW specs page?
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Did anyone notice it doesn't have Xenon lights on the VW specs page?
Nice write up Karlak. I'd really need a couple of days with a GTE to make my mind up. With a GTD/GTI you can pretty much make your mind up as an overall car experience after a 30 min test drive.
The lights are full LED. Pros and cons in my opinion over xenon. Less power hungry, brighter and whiter. They don't do active bending though like the xenons. A minor point is that they don't produce any heat, so when it's frosty/icy they tend not to melt it away.
http://youtu.be/FB4y_B9bKHs
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Had one of these bad boys chasing me a few weeks ago on my way to work. It was impressively fast, it was on my @rse all the time. I thought wtf? How can that ugly as hell box be almost as quick as me? When I got to work I googled it and it seems the electric engine is quite fast, around 170 bhp and 0-60 in 7.2 sec.
(http://1hdwallpapers.com/wallpapers/2014_bmw_i3_2.jpg)
Electric cars do seem to be very fast , when I was ordering my golf r , the dealer told me that they had a drag race with a golf gti with a E up ,the up had the gti upto 50mph.
I've got to laugh at this. The E UP is 12.4 to 62mph, the GTI 6.5 220ps. I rekon the GTI is about 5.5 sec to 50mph. If it matches the GTI to 50mph that means the E UP takes approx 6.9 secs to get from 50mph to 62 mph. You are either trolling or believe any $hit people tell you. :smiley:
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Will be interested to try a demo when available in UK to confirm electric range.
Read somewhere a VW worker using the car was getting 18 miles electric range with normal driving unlike the up to 31 miles range being marketed.
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Will be interested to try a demo when available in UK to confirm electric range.
Read somewhere a VW worker using the car was getting 18 miles electric range with normal driving unlike the up to 31 miles range being marketed.
Driving like a saint, in the height of summer, with no ancillaries on might get you 31 miles. Driving in the middle of winter with reduced battery capacity and using plenty of heating and lighting (possibly also plenty of aircon for demisting the windscreen), 18 miles range is believable. My mate got forced into a Nissan Leaf company car and gets about 60% of theoretical range in the winter.
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Slightly OT, but did anyone see Top Gear last night regarding the i8? Book mph per BMW around 130; Clarkson got 31. If I was in the market for an electric car I'd like to see real life mpg before buying one, and not figures per BMW, VW etc.
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Slightly OT, but did anyone see Top Gear last night regarding the i8? Book mph per BMW around 130; Clarkson got 31. If I was in the market for an electric car I'd like to see real life mpg before buying one, and not figures per BMW, VW etc.
If you’re going to drive a 325ish hp (can’t remember the exact figure) car on a long journey like its got 325ps then you’re going to get similar figures to the Golf R if they weigh around the same (lightweight materials cancelling out the extra weight of the motor and batteries. When that thing is in sports mode and generating electricity to fully power the electric motor, it is going to be very thirsty. The way Clarkson was talking at times, it was like the petrol engine was generating that electricity for free.
These things only make sense if you’re avoiding a congestion charge and are prepared to do most of your shortish commute under electric power only. It did look smart though!
I’m sure when they all generate their 180mpg figures, there must be some official standardised way of coming to that calculation so that all things are equal when compared. I suspect it’s something like 80% electric 20% petrol in the calculations e.g. All electric, never drinking a drop of petrol it can do the equivalent of 200mpg (weighting calorific/kW cost of petrol vs cheapest electric rate like economy 7), and in all petrol mode the car can maybe officially do 40mpg.
Do a 10 mile run of 8 miles all electric and 2 miles all petrol and the car’s official combined figure comes out at “167mpg” pretty close to touted figures for the I8 and GTE. If that car has an electric range of 30 miles and you do a 430 mile trip doing 40mpg when in petrol mode, that same car is still going to use 10 gallons of petrol and a full electric charge.
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Good points MH, makes sense. So, if you have a short commute to work then it's probably worthwhile getting something like the GTE. If not, you won't see the benefit of the electric part.
As for the i8, yeah it looked awesome! Completely OT, but the new Ford Mustang for £30k - is it me or is that ridiculously cheap for a car with that much power?! Although it probably doesn't go round corners to be fair :laugh:
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Yes good post (again) MH! I am interested in the GTE as my longest normal weekly journey is 28 miles so I would getting 165mpg equivalent on more than 50% of my car useage - the rest probably around 40mpg. But as I do 9,000 miles a year, that means around 5,000 miles driven on electric at 165mpg.
My GTD is averaging 46mpg long term - so I'm using 888 litres a year - costing 1,003 quid a year.
The GTE will use 454 litres of unleaded at 486 quid plus a further 138 litres equivalent in electricity costs, giving a total of 592 (total cost 633 quid) which represents an annual saving of 377 quid - plus the free tax.... so in reality 400 quid annual operating costs saved (hopefully insurance is no more costly).
For comparison - a GTI at 35mpg* and doing the same 9,000 would use 1,167 litres of unleaded costing 1,249 quid.
An R at say 28mpg* would use 1,450 litres at 1,561 quid.
So in summary, 9,000 mile a year, my projected annual fuel cost figures in UK Pounds:
R - 1,561.00
GTI - 1,249.00
GTD - 1,003.00
GTE - 633.00
* best mpg guess as I don't own one.
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Try sticking 20p per litre back onto the pump prices and assume a 20% increase in electricity costs... just to give you a view of where things are likely to be in 2 years time...
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Be interested to see what the servicing costs are on these. I wouldn't be surprised to see it cancel out a lot of the fuel savings.
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Try sticking 20p per litre back onto the pump prices and assume a 20% increase in electricity costs... just to give you a view of where things are likely to be in 2 years time...
Fred - well yes I could - but this is really just for the purposes of comparison between the different models based on my mileage and pattern of driving - the 20% would be across the board so effectively does not change the comparison. having said that - I have removed my three year figures as I acknowledge they are pretty pointless!
Carl - I strongly suspect the GTE servicing costs will be the same as the other models.
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If you get a service pack, you won't pay any more. If you were paying "retail" for your services, i'm sure they'd try to get an extra £30 for your "additional" checks :whistle: on the motor and battery.
The fuel cost comparisons look proportionately accurate between the models, so that spread will be relevant when the costs go up.
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I followed one of those BMW I8's through Watford a couple of weeks ago, Was right behind it and did look very nice. What was funny was watching other peoples reactions, I have never seen so many people stop quite literally and stare - yes even cars stopped on the road and watched it drive by.. How there wasn't an accident on the other carriageway was just luck I think.
I think the fact Clarkson couldn't plug the thing in the electric pretty much sums it up really, they possibly got the wrong person to assess its economy credentials.
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I followed one of those BMW I8's through Watford a couple of weeks ago, Was right behind it and did look very nice. What was funny was watching other peoples reactions, I have never seen so many people stop quite literally and stare - yes even cars stopped on the road and watched it drive by.. How there wasn't an accident on the other carriageway was just luck I think.
I think the fact Clarkson couldn't plug the thing in the electric pretty much sums it up really, they possibly got the wrong person to assess its economy credentials.
Yes, that and the fact that he didn't mention the price of the i8 as £106K... the implication of the piece was that the two cars were directly comparable... where in reality you could have 2 M3s for the price of an i8...
A striking car, the i8 though...
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Just been advised that GFV after 3 years (5k per year) is GBP14,877 on a GTE - very disappointing at only slightly more than 50% retained.
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Just been advised that GFV after 3 years (5k per year) is GBP14,877 on a GTE - very disappointing at only slightly more than 50% retained.
It's far better than most electrics or hybrids. You might be slightly better off than with a GTD for a shortish commute, it's when you have a really short commute, or you drive into London regularly, or your company lets you charge at work you'll save money.
These cars can save fuelling costs and nothing else. Far better having a new car with exceptional residuasls and OK mpg than one with exceptional mpg and weaker residuals. At least these hybrids don't compromise on range (but will be dearer on the longer journeys than a GTD would be for fuel.
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I completely agree MH - I was just hoping for maybe 55 to 60% retained. The figures simply doesn't work for me - monthly cost 40 quid more than my GTD, fuel saving 40 quid! so its neutral - and that was a basic GTE with no options and assuming a 12% discount!
I will stick with the GTD unless there is some significant upward movement of the GFV :-)
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Actually - if I was financing my own car now (3-door GTD DSG with options), with the current GFV and APR, it shows an increase in payments of 36 quid a month!
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Very interested in this car as a company car driver.
I have to pay the BIK% in the higher tax bracket, with the GTE showing as 5%(yr1), 7%(yr2) and 9%(yr3) this compares directly with the GTD at 22,21 & 23% respectively.
This alone makes a massive difference to what I would have to pay each month, using the 3 year average % on a car spec'd to £32k (few options) we are comparing £234pm vs £75pm...or a £159pm/£1908pa/£5,7243yrs...or to put it another way its the equivalent to an annual £3k pay rise at 40% tax.
All business fuel is covered so mpg isn't really a concern and I do minimal personal mileage each year to be of concern.
Not sure why any company car drivers would even consider there GTD from those financials.
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Unless you are charging the car up at your business premises (and probably you'd only be doing that if you left it overnight, in which case you could probably argue no BIK) then you won't be able to claim the electricity costs.
There is no HMRC approved method for reimbursing employee electric car charging.
Personally, I'm not keen on paying for my company's expenses, you might argue that in terms of cash in pocket I would still be better off, but its the principle in my case.
Plus, I regularly do long journeys, not so many short ones - so the oil burner makes more sense to me.
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My understanding is that the car charges the batteries from the petrol engine whilst driving so you don't need to charge from a wall socket...is this not correct?
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Why would you need to leave your car at work overnight? It charges in a few hours and although you can't claim your electric back you still get re imbursed for your mileage claims.
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My understanding is that the car charges the batteries from the petrol engine whilst driving so you don't need to charge from a wall socket...is this not correct?
It has the ability to do that but its not the most efficient mode of operating the car as I understand it...
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Why would you need to leave your car at work overnight?
So that your employer pays to charge it and not you?
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It charges quicker than overnight so no need.
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Unless you have a meeting before its charged :)
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Get to work a bit earlier then haha :grin:
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Think this is one of the many perplexities of a hybrid like this. You can quite easily not ever bother with charging it at home/work/roadside and let the car sort it all out for you. What does that gain you? No congestion charge for starters and very significant tax savings for company car drivers.
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You can probably gain the same by spec'ing a GT and ticking the 1.6 TDI bluemotion engine in it. If you never cared to make use of the plugin electric "fuel" then its pretty much the same.
With the list price being two thirds of the GTE's, even the BIK (19% as opposed to 5%) won't make much difference, plus the difference in lease price to start with will be significantly different.
I'm sure the financially astute Monkeyhanger will be along with his calculator soon to work the numbers :D
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I'm sure the financially astute Monkeyhanger will be along with his calculator soon to work the numbers :D
Nope, too busy getting drunk in Mexico. Tequila! :laugh: :drool: :sick: