You don't though, you now have a soulless 430bhp battery on ugly wheels.
Not wanting to derail the thread and maybe it comes from being working class but I have never understood the attraction of renting a car on pcp agreements etc. Paying out hundreds of pounds per month so you can keep up with the Jones next door has never appealed to me. Yes, car's depreciate etc. but renting a car unless it's for tax reasons for business is something I would never consider and struggle to wrap my head around.
Possibly my parents influence but if I can't afford to buy something, I just do without. Car's are my main hobby and something I am interested in. I have a fairly decent performing car that is currently after some modifications sitting at just over 400 bhp but I own it outright, even though I absolutely love the car if the options were getting into debt or renting to have it, I would just get a cheaper car that I could buy. Yes, it meant that I have to save to afford it but I am okay with that.
I guess people are just happy to live in debt. Having discussed this with people before there answer was that it allows them to have a a new car all the time that is under warranty because they are concerned about maintenance costs. I have a friend that is playing keeping up with the Jones, he always finances his cars and changes them every 3 years. He has a high performance car that he pays about £800 odd a month for that he got around the same time I changed my car and has payed a fortune in maintenance costs since purchase. My car has cost me about £400 a year in maintenance costs. Because I am not paying £800 a month on a car and I am not averaging about £3k a year in maintenance costs I have substantially more available income than he does although we both have a similar income. Every time I have discussed this it always boils down to the same thing those that drive cars that are beyond their means to buy, do so because they want to keep up "their lifestyle".
I don't even have a credit card any more it seemed pointless using it and then paying it off every month when I could just use my debit card.
I get that E.V's have perceived lower maintenance costs when you are just renting and changing every 3 years, long term though their maintenance costs are much higher than a car, depreciation is much higher than a car. That might appeal to someone that doesn't have any interest in cars and only wants something to get from A to B. Let's be honest though it's not about that or else everybody and their granny wouldn't have a Tesla, they would be driving about in an E.V Renault etc. E.V's are the new Vegans, look at me I can rent a battery owned by Elon Musk, I am saving the environment.
They then ignore anything negative about E.V's including the massive impact on the environment because of production and powering their E.V, the lack of infrastructure, the impact on the economy with the massive amount of skilled and unskilled job's that will be lost when real car's are completely phased out, the child labour involved in the production of E.V batteries and feeding the Chinese economy, the list goes on. The negatives of E.V's far and away out strip the negatives of car's. They don't want to think about the real reasons the government wants more E.V's on the road, it reduces the amount of people with their own vehicle as current infrastructure can't cope with the increase in population. It is okay the working class might not be able to have their own vehicle any more as long as they have a newer vehicle for a couple of months every 3 years than their neighbour.
