Here goes, first post since joining forum this afternoon!
It’s always hard to predict future prices and manufacturers in general have been taking the proverbial for far too long in keeping EV prices artificially at the premium end the market. The likes of MG have been a disruptor to this but still have a huge margin on UK vehicles over what they sell for in Asia.
The heavy discounting of new vehicles that we’re currently seeing is hopefully part of a wider realignment of the market, albeit I appreciate that doesn’t help existing owners when it comes to resale values. Just have to be philosophical in my mind and be grateful that any losses in owning a MG EV over a traditional ICE model pale into insignificance compared with likes of premium EVs from EU manufacturers. You could have a £120k Porsche that’s halved in value!
Notwithstanding, as someone who’s been doing some serious bargain hunting and test-driven the XPower for the first time a week ago, these are my findings re current cash prices:
- Different paint colours/finishes attract varying additional charges on official price list but seems 50/50 whether the dealers follow list, or just takes the ‘any colour, one price’ approach.
- CarWow has some very good offers, a few dealers settling around the £30k mark and even down to £28.5k
- Affinity offers seem to consistently be around £27.3k
- Dealers will always try to make their best offers conditional upon you paying for add-ons you don’t need. Is a rarity to simply be offered a good price straight off the bat with no strings attached.
- Found a business only deal at £25.5k, which I’ve gone with. Been given a two week delivery time, so fingers crossed.
Will be interesting to see how the wider market plays out in the coming year or so. Also what that might mean for the Cyberster/Cyber GTS looking forwards…
Oh, and whether the energy market starts playing it’s part and reduces those ridiculous public charger fees!
