MG ZS EV cazoo valuation

[demonbane]

wow it has dropped from 16,875 last week to this.

2019 MG MG ZS black 44.5kWh Excite SUV 5dr Electric Auto (143 ps)
Mileage 23,000

£11,975​

at that price, looks like im a 2 car owner

 

[N2STY]

Try the others the cheapest on auto trader is around 16k and cazoo is17.2k with 43k miles

 

[demonbane]

Wrong way, that's what they offer to buy, your pic is what they are selling

 

[N2STY]

Wrong way, that's what they offer to buy, your pic is what they are selling

Yeah I know that's why I said try others as that's a real low ball offer

 

[demonbane]

They have all plummeted
Best I've seen is £13000
Prices dropped £3000 - £5000 in 7 days!

 

[TheArcher]

That's how the car buying companies make their profit.

 

[Lovemyev]

There has been a number of factors recently that has seen prices tumble.
Like Tesla reducing the screen price of their model 3 versions by 6 - 10 grand has been a major factor in the recent residual prices.
To name just one.
I think it works similar to other companies, prices are linked to current stock levels that WBAC / Motorway / Carzoo are holding.
If their availably / stock level for that model is high, then the offer price is low and vice versa.
A reflection of the supply and demand in the market.
Crazy to think, that only 6 - 9 months ago the market was paying new car prices on a second hand EV.
If you cashed in then, you are quids in.
Not so at this present time unfortunately ?.

 

[AK OK]

There has been a number of factors recently that has seen prices tumble.
Like Tesla reducing the screen price of their model 3 versions by 6 - 10 grand has been a major factor in the recent residual prices.
To name just one.
I think it works similar to other companies, prices are linked to current stock levels that WBAC / Motorway / Carzoo are holding.
If their availably / stock level for that model is high, then the offer price is low and vice versa.
A reflection of the supply and demand in the market.
Crazy to think, that only 6 - 9 months ago the market was paying new car prices on a second hand EV.
If you cashed in then, you are quids in.
Not so at this present time unfortunately ?.

Normality returning ??

 

[demonbane]

fortunately i dont have to sell, i'll keep it as second mode of transport until the government works out its not getting fuel duty or tax from me and shell's 32 billion profit is on them not making overnight electricity cheaper to release pressure on the grid