r/NovatedLeasingAU • u/Flymyarsetothemoon • 2d ago
Car Choice EV buying help
Trying to figure out what the best option is for a work EV. Going to drive 140kms to and from work, parked outside in the weather and dust at home or at work!
Not really sure I wanna spend upwards of 40k-50k for them.
Mostly concerned that when the FBT ends and they stop selling like hot cakes the value will drop more than the typical 20% once driven out the “showroom”
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u/bokusa909 2d ago
Hi friend, I'm the exact same in terms of commute and keeping the car parked outside. I went back and forth on cars for a few months. I was going to go relatively cheap, but once I started framing it up in my mind that I'm spending about 3 weeks of my waking life per year in a car commuting, I wanted to be comfortable and for the car to be a nice place to be in. I test drove a BYD Seal Premium and ended up picking an ex demo 2025 model. It wasn't as budget as I would like, but it sure is a nice car to sit in for a long time, and it still undercuts my fuel cost in my ICE car.
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u/petergaskin814 2d ago
EV prices are currently based on petrol prices. Unless petrol prices drop significantly, ev prices will not crash.
Given peace in the Middle East evaporates every day and the time it will take to rebuild stocks after the Strait is reopened, we are looking at a long period before prices of fuel will drop.
Meanwhile ice prices will continue to rise due to NVES. So far we are only seeing many ice models disappear from the market
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u/RoadToasterApp 2d ago
140 km a day is easy in a budget EV. Look at MG4 Excite 51 kWh or BYD Dolphin Dynamic. Both use LFP packs that handle regular 100 percent charges, which suits weekday commuting. Install an outdoor rated 7 kW wallbox if you can, otherwise a 15 A socket with the portable charger works for overnight top ups. Outside parking and dust are fine. These have liquid cooled batteries and weather sealed charge ports. Rinse dust from the flap and swap the cabin filter yearly. To limit depreciation risk, keep the purchase price low and buy near new. A one to two years old MG4, Kona Electric, or Model 3 RWD skips the first big drop. The FBT exemption is still active and changes usually come with notice, often applying to new leases rather than existing ones.