November 29, 2022

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The Well-Being Problem: Do It Now - Before It's Too Late

The Well-Being Problem: Do It Now – Before It’s Too Late

Benny Christensen is the Broom Automotive Expert. in “Ask Penny” section of broom.no It answers everything related to cars.

Here’s one of the questions from the last webinar:

Hello Benny

I really want a new petrol car before it’s too late. I have the impression that it is urgent to buy an electric car, but is it really the last car with a combustion engine is urgent? They are probably at their best now, while electric cars will get better and better in the future.

Anyway, if you stick to a brand new BMW M3 with a five-year perspective, do you think you’ll come out financially worse than, say, a new electric Porsche Taycan?

Benny replies:

Hey, this is an interesting dilemma that I can handle very well.

After four years with a Tesla Model S, which I was very happy with, I bought a gasoline car again. Porsche Panamera Sport Turismo is a plug-in hybrid. Not because it’s rechargeable, but because that’s what I can afford.

I didn’t regret it for a second – even after driving back and forth Asker – Nordkapp this summer and it’s full of fuel for probably NOK 14,000-15,000.

The idea behind changing the car was the same as yours. I wanted a real petrol car. The sound that sounds really good, which turns with ultra-accurate shifts and delivers good performance and sharp driving characteristics – before it’s too late. Just the fulfillment of a dream before it is seen as complete “madness”.

Then you have to pay the price it costs. It’s a conscious choice, after all, you only live once.

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The cheapest electric car to use

The cars you are considering are in the price range plus/minus one million NOK. It depends a little on the model. For most of us, that’s a lot of money.

There is no doubt that an electric car is much cheaper to use than a fossil car. Both are when it comes to transit fees, parking, and other benefits, although they are somewhat abolished now. Also when it comes to fuel, the differences are huge, even with today’s electricity prices. If you have charging options at home and charge smartly, the savings are significant.

As you know, gasoline prices are not entirely low during the day. Vegard has with us on the Broom editorial team – and had – several BMW M cars. Confirms consumption of more than a liter on average. The service also costs extra. This quickly turns into money.

Five-year perspective

As for the greatest item of expenditure on them all, depreciation, I dare not give any opinion as to what may be five years from now. The market changes quite a lot for that. Nobody knows what it will look like in 2027.

One thing is for sure. As you yourself know, we’re at the beginning of this thing with electric cars. In terms of batteries and charging, I think we will see a significant development in the future.

Now, it’s not like there will be any ban on fossil fuel cars. They will be with us for the foreseeable future, but to a much lesser degree than they are now. By 2035, new petrol and diesel cars will be a thing of the past. But the used ones will live. long.

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The electric Porsche Taycan isn't a cheap car, but it's perhaps the most politically correct and forward-looking option.

The electric Porsche Taycan isn’t a cheap car, but it’s perhaps the most politically correct and forward-looking option.

Dreams are more important than money

The powerful M models from BMW, RS from Audi and AMG from Mercedes are sold like never before here in Norway.

I believe and hope that these cars will keep their price relatively well in the future. It will likely become more expensive to use.

Now I also think that when evaluating cars in this segment, price and common sense aren’t necessarily the most important. Then we might all have driven a Kia e-Niro. It’s one of the most rational cars I know, but not the most exciting.

Now or never?

I think the choice in your case, as in mine, is more about feelings, dreams, and passion for cars than money. But it’s always nice to have a little reason to hang on to your dreams.

It will cost you money, regardless of whether you choose the petrol-powered BMW M3 or the electric Porsche Taycan. The Porsche is the most future-oriented and politically correct option – but I think the M3 will appeal more to the enthusiast in you.

Furthermore, you avoid “anyone else” having the same car. The Taycan became very popular.

In any case, these are not affordable car options, but fun. good luck!

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You can also read all the answers on Ask Penny Department

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Hello – and good luck!

This article was first published by broom.