Cyberster almost here - thoughts

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GranTurismoEra said:
Yeah those figures are high in that segment. It could be worse it could be a Porsche Taycan lol

@Harry 17
I suppose with 10k deposit youll be okay for year 1. After that youll be playing catch up with payments/depreciation depending on market. In Year 2 you would have paid 5.5k or so in 12 months. 24 months 11k + 10k so 21k would have been paid. Its a game of catchup with Depreciation being EV. I think on the top spec a higher deposit will cover the duration of 36 months including payments. Can go by 5.5k times 4 years 22k plus 10k deposit. Should be okay if interest is low. but face walking away with nothing.

If you go for the single motor might be better off and be in positive equity after 4 years by a couple grand then can decide if to keep it and make the balloon or not. They may be worth around 25 to 28k with dual motor being 35k at 48 months. Theres a possible flatline there for depreciation. After 4 years competition would be more. The tech would be dated.

Single motor is 54000. Id be aiming to have paid at least 27k by 48 months to not be in negative. So 10k + 17k in finance at 4.25k per annum. Thats my guesstimate if youre going new.

Used theyd slap 11.9 and the whole term payments on a car costing nearly the same as new.

Personally for a car costing this much id put more in. The Chinese forums are well aware how much its costing abroad and know theyre getting a good price with some discounts. I think after a while the best MG could do would be to cut the price by £5,000. The profit would be minimal.
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Useful number crunching. I think you're being unrealistically optimistic with the £35k value after 4 years on the dual motor though, that's extremely unlikely. I'm expecting £30k to £35k at 3 years, £25k to £28k by 4.

Time will tell...
 
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Anon70 said:
I thought Luscombes already had theirs as they have created some YouTube content with it. they are also showing 5 as stock, even though they say August delivery the yellow car (LHD) has a 24 plate on it and the RHD red car was used in their YouTube video

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I rang and enquired about going to look at these (as I’ve ordered but still not seem one in the flesh!) I was told the red one is a press car about to do the rounds with the British journos and they had it for a couple of days a few weeks ago to do the videos with (it had already gone by the time they posted the video). They’ve pre ordered a number of different colours, interiors and GTs / Trophy models for August delivery and these are the ones they’ve advertised on Autotrader. A £1k deposit (fully refundable after test drive if you change your mind) reserves one for first deliveries - they reckoned any new orders after 31st May would now not get theirs in the first shipment.

Paulie68 said:
Useful number crunching. I think you're being unrealistically optimistic with the £35k value after 4 years on the dual motor though, that's extremely unlikely. I'm expecting £30k to £35k at 3 years, £25k to £28k by 4.

Time will tell...
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Agreed - if the GT is still worth £30k after 3yrs and £25k after 4 I’d be very surprised. Electric bubble has burst I reckon (hasn’t stopped me ordering a red GT though!).

Totally different examples, but I’ve had 2 Tesla’s - sold the first one (in 2022) after 18 months and 8000 miles and MADE just over £500 (crazy set of circumstances (gov grant, price increases and global chip shortage)). Last week I sold its replacement - paid £63000 and got just over £34000 (depreciation of just over £1500 a month!).
 
@Harry 17 No problem. Yes why not. Only live once. I saw the concept after COVID and like everyone was watching it closely. Im still yet to decide. I like the idea of something new on the market. I already have a charger at home. My family use a Kia E Niro 64kwh and my brothers Taycan 4S. Ive been a petrol head. While crippling costs of GTR, Porsche Cayman/911 are my dream cars, I also like the idea of having something less fussy and less noisy but still sleek and a headturner.

Cyberster may lose out on the "soul" and "feeling" and potential depreciation is iffy. Theres also a different dynamic of driving in the country on a sunday morning hearing the wildlife, the open top new experience and responsive torquey feel of driving something that would cost 100k if it were ICE. Not to mention a nice sound system with ambient music and no need for auto adjusting music due to engine noise. I might get my mate to extend the ambient and footwell lighting if its not enough. I remember seeing the game Cyberpunk saying we could do with more cool cars in the market with these fancy doors and screens.

Im more wanting to get it for the meet ups, road trips and networking potential. Its a different crowd now coming from more upmarket brands.

28k at 4 years on dual motor is possible with 30-40k miles. That would mean steeper depreciation than a Porsche Taycan at more than 47% depreciation for whats still a niche vehicle within PCP term or product lifecycle. The Cars going dirt cheap after 3-4 years are usually high mileage ex taxis. This is not a run of the mill car so I think they will listed higher where possible. Especially if its rival Boxster is 50k plus at that time.
 
GranTurismoEra said:
28k at 4 years on dual motor is possible with 30-40k miles. That would mean steeper depreciation than a Porsche Taycan at more than 47% depreciation for whats still a niche vehicle within PCP term or product lifecycle. The Cars going dirt cheap after 3-4 years are usually high mileage ex taxis. This is not a run of the mill car so I think they will listed higher where possible. Especially if its rival Boxster is 50k plus at that time.
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It's only my opinion of course, only time will tell how things pan out, but I think you've got some wishful thinking going on there regarding depreciation.

The odd situation that occurred with used values post Covid is now behind us and things are back to normal. Its going to be down 50%+ at 3 years and 60%+ at 4. That will be the good cars too, high mileage hacks will be worth less.

There is one outcome where they might be worth a lot more than that, if the new purchase cost increases a lot over the next few years. Unlikely now due to inflation but in the event of tarrifs...
 
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Have to look at the competition in that time. What they offer and how much theyd cost new or used

All manufacturers will put their prices up from previous models
Boxster EV base model probably starts at £70k
Proposed Genesis 4 seater 2 door coupe ??
BMW Z4 Next Gen £60k base
Mazda EV 40k base
Next Gen TT 60k base
Caterham EV coupe 75k i reckon
BMW EV Cab if theres is one will start around 70-90k if its based on i4 architecture or 2/4 series. BMW EVs are heavy on depreciation judging by their large boxy SUV EV...
All these EVs bar the Mazda will be hit with £590+ road tax. The first MG will only cost 180 which means you can command a higher asking price used. Two Cybersters same spec, mileage , colour 6 months difference one with high tax one with low tax. I think the low tax will sell with a few extra pounds premium.


BMW Z4 M40i 2019 New was 55-58k in 2019
Now 33k-38k in 2024 with anything from 15,000 to 30,000 miles. Id say in the range of 35-50% 4 years later. Also the sales are not amazing but better than the equivalent Supra which also below 50%. Petrol is different and BMW are more overhyped with average sales, high price points and average reliability. They dont offer 7 year 80,000 mile warranty either.

2.0 equivalent is around 50% or more now 48 months later

Top specs hold value a bit better so 35k is actually a good area to be in at 48 months if the mileage is around 20-30k miles for first editions pre tax.

You think itll take a 26k hit in 2 years? That would make it £34,000 at 24 months which is highly unlikely for a car thats not a run of the mill Family car and probably only sold 2-3k. For the money I can only think of a Porsche 4.0 GTS 60k plus, Audi TTRS or Jaguar F type V8 now cheaper but a thief magnet running similar numbers but costly to run. With the Model 3 being quicker to 60. I dont think dealers will sell below market value which i believe will be above or around 44k for the AWD and 37k for single motor at 24 months.

We shall see. The new price point doesn't help either. No one wants to be like the Taycan ?.

I think the flat line will be the high 20s and low 30s on both models. Post 48 months. As long as mileage is low. If MG strategy is to sell as many as possible i dont doubt crazy depreciation is possible but if shipments of 1500 cars come once a year. Then maybe successful depreciation is more realistic. MG strategy in other markets wont be the same as UK.

MG4 have hit a flatline at 15k and theres 476 for sale!
 
Hi all you were way off with the PCP rates these are now set at 8.9% so not for the faint hearted this will lead to many cancellations as people expected a much lower rate when leaving initial deposits
 
Barriejames007 said:
Hi all you were way off with the PCP rates these are now set at 8.9% so not for the faint hearted this will lead to many cancellations as people expected a much lower rate when leaving initial deposits
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8.9? Thats a high monthly. Crazy money tbh. GTR it is. Besides we shall see what the GTS rates will be next year. Maybe they can bring it before April i doubt it though.

MG usually decrease rates when there are discounts or a sales slump. Look what happened with the MG4.
 
Update on the Thailand Cyberster deliveries. Good news.
A call from MG Thailand today confirms:
1) The Cybersters have arrived Thailand. (y)
2) The cars are being trucked to MG Thailands manufacturing/production facility first. (Its near my house). I drove by to have a look, but the facility is huge with massive parking lots full of completed cars (MG4s and a few other models plus and pickup trucks) so I was unable to see where the Cybersters are parked.
3) The PDI Pre-Delivery inspection will be carried out at the factory by MG Thailand technicians as the dealer network at this point does not possess that capability.
4) Once the cars have had the PDI completed they will be shipped to the dealers. However only a select number of dealers will be authorized to handles sales and service of the Cyberster.
5) The shipment criteria is apparently aimed at "first in first out" of the preorder list.
6) Its thought that all the cars will be delivered in July.
7) The estimated number of preorders is around 1000 units. They will be shipped in 2 lots. Its not known the initial 1st lot quantity, but the initial shipment now in Thailand could be around 500 units.
Getting close. :) ?
 
GranTurismoEra said:
@Harry 17 No problem. Yes why not. Only live once. I saw the concept after COVID and like everyone was watching it closely. Im still yet to decide. I like the idea of something new on the market. I already have a charger at home. My family use a Kia E Niro 64kwh and my brothers Taycan 4S. Ive been a petrol head. While crippling costs of GTR, Porsche Cayman/911 are my dream cars, I also like the idea of having something less fussy and less noisy but still sleek and a headturner.

Cyberster may lose out on the "soul" and "feeling" and potential depreciation is iffy. Theres also a different dynamic of driving in the country on a sunday morning hearing the wildlife, the open top new experience and responsive torquey feel of driving something that would cost 100k if it were ICE. Not to mention a nice sound system with ambient music and no need for auto adjusting music due to engine noise. I might get my mate to extend the ambient and footwell lighting if its not enough. I remember seeing the game Cyberpunk saying we could do with more cool cars in the market with these fancy doors and screens.

Im more wanting to get it for the meet ups, road trips and networking potential. Its a different crowd now coming from more upmarket brands.

28k at 4 years on dual motor is possible with 30-40k miles. That would mean steeper depreciation than a Porsche Taycan at more than 47% depreciation for whats still a niche vehicle within PCP term or product lifecycle. The Cars going dirt cheap after 3-4 years are usually high mileage ex taxis. This is not a run of the mill car so I think they will listed higher where possible. Especially if its rival Boxster is 50k plus at that time.
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All the early 'adopters' will I'm sure be swamped with looks and questions from passers-by. There is no other car at anywhere near this price point, and even well beyond it that has such a wow factor!
Two years ago I took delivery of a Genesis Electrified G80, this was after close to thirty years of various new Jaguar and Maserati.
Whilst its a large over 5 metre long saloon, so not a sleek sport car like the Cyberster, I was staggered, and it's still the case today, at the attention it gets, with many thinking its some kind of new Bentley (the chief stylist at Genesis occupied the same position at Bentley, so there are definitely hints in the design)!! Given a new Bentley is going to be with options 200k and the Genesis cost half that, I'm quite happy to keep the illusion!!
The Cyberster, and IMO even more so the recently shown coupe GTS, could easily be confused as something from any of the supercar brands, and call it all the worst character traits of 'smugness and vanity!!!!' nothing matches that feeling of people thinking you've got a hugely expensive car but at a fraction of the price!!!
BTW and apologies for 'going on' about a car that has nothing to do with this forum, whilst I can't of course speak for the MG, the Electrified G80 ranks as the best car I've owned for being an absolute luxury car, with almost Rolls Royce Phantom levels of refinement.
 
KeithS said:
All the early 'adopters' will I'm sure be swamped with looks and questions from passers-by. There is no other car at anywhere near this price point, and even well beyond it that has such a wow factor!
Two years ago I took delivery of a Genesis Electrified G80, this was after close to thirty years of various new Jaguar and Maserati.
Whilst its a large over 5 metre long saloon, so not a sleek sport car like the Cyberster, I was staggered, and it's still the case today, at the attention it gets, with many thinking its some kind of new Bentley (the chief stylist at Genesis occupied the same position at Bentley, so there are definitely hints in the design)!! Given a new Bentley is going to be with options 200k and the Genesis cost half that, I'm quite happy to keep the illusion!!
The Cyberster, and IMO even more so the recently shown coupe GTS, could easily be confused as something from any of the supercar brands, and call it all the worst character traits of 'smugness and vanity!!!!' nothing matches that feeling of people thinking you've got a hugely expensive car but at a fraction of the price!!!
BTW and apologies for 'going on' about a car that has nothing to do with this forum, whilst I can't of course speak for the MG, the Electrified G80 ranks as the best car I've owned for being an absolute luxury car, with almost Rolls Royce Phantom levels of refinement.
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G80 certainly is a great looking car. I'd have been really into one a few years back when I was going through my "luxury old fart barge" period. At the time I had 2 Audi A8's and the G80 reminds me of those a little.

Oddly a few years back, when I bought a Tesla model S, and they were more special, everyone told me I'd get overwhelmed by interested parties wherever I stopped, small children would shout and wave at me everywhere, and women would swoon as I passed by. Guess what actually happened? In 2 years one guy walking past muttered "Nice car mate" at me, that was it! It was like I was invisible. Must be the people around here or something...

I'm sure the Cyberster will get lots of attention, even if in my case, it will most likely mainly be "look at that old fart getting out of his mid life crisis" :ROFLMAO:
 
But but its Korean, Japanese or Chinese....

I had the same with the 370Z Nismo in White and Red. Looks more expensive than it is. Public loved it so when people would say on forums its ugly i knew they were giving a personal opinion. In real life no one ever said it was ugly. All positive comments. Tbh I personally dont want something everyone has. So these kind of cars will always attract

Teslas are too common and the design isnt any different to a lot of Germans. Its very 2015 in terms of simplicity to the exterior. Although Tesla is seen as cool by kids who follow Tesla and Musk. A lot wanting their parents to buy.
 
Harry 17 said:
@GranTurismoEra , all very valid points for me, and I agree that whilst I hate the initial loss on a brand new car, the difference in low interest rates on new and higher interest rates on used, really makes a calculation to be made and factor in things such has servicing’s / tyres consumables etc, not to mention a potential cost of updates on a used car.

I really appreciate your financial workings, it is of great help. I feel sure that MG will offer the car around 3.9% initially, and if they do come down to 0%, I suspect this will be on the second or third wave (thus knocking the car into post Apr 25 territory), which as you suggest above, “face walking away with nothing’.

Bit of a dilemma for me, but I have lodged interest with my local dealer, and they are going to contact me when they get their ‘Demos’ in to the showroom and will know what the residual value will be, and more importantly, what % deals will be available on PCP. Also got a test drive booked too, an extended one where I can have the car for about two hours, so that I can bring it home and get some photos on my driveway and at least and pretend! LOL.
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Harry just buy one you know should, people dont regret the things they done when dying, only the things they didnt. I ordered one and never even drive an EV
 
The awkwardness mentioned on some forums is the proportions at the front.

It looks good but the proportions at the bonnet area is slightly off. The low flat bonnet and high roof line means it was made to suit the convertibles flatter side profile. With a raised roof line you need to be wary of the bonnet height and shape. The low dashboard means a large windscreen at the front.

Its how cars looked in the 70s and 80s but they were smaller and high roof lines and low bonnet where less noticeable.

Also I thought they would have changed the rear cluster. In China its said to look like highway maintenance truck. They should really try halos or rectangular smooth edged halos or something more snazzy. Its fine on the convertible not too late to redesign the rear on the coupe. Im referring to the Arrows or Flag as they call it. The outer LED is fine
 
Just seen my first cyberster "in the wild"
This was on the A13 near Dagenham. ( i didn't take the pic, my passenger leaned over to get a better view!)
Looked really nice . It looks cream in the pic but was more of a cappucino colour in reality . I'm not sure I liked the colour but the car looked great. I hadn't noticed the black paint detailing previously .
Does anyone know if this is a press car? I've obviously blanked out the reg plate .
MG Cyberster.jpg
 
NickHeynes said:
Just seen my first cyberster "in the wild"
This was on the A13 near Dagenham. ( i didn't take the pic, my passenger leaned over to get a better view!)
Looked really nice . It looks cream in the pic but was more of a cappucino colour in reality . I'm not sure I liked the colour but the car looked great. I hadn't noticed the black paint detailing previously .
Does anyone know if this is a press car? I've obviously blanked out the reg plate .View attachment 28236
Click to expand...

This colour is not available for UK Market. It may be in the future. The original English White will be brighter than this. You blanked the plate so no way to find out lol...Its probably just a demo/test car to show dealers. The cream colour is very rare on cars. Havent seen it since early 2000s tbh
 

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