Recent Posts

Pages: [1] 2 3 ... 10
1
Off Topic (Non-Honda) / Re: Electric cars
« Last post by culzean on Today at 07:55:39 PM »
It's interesting - the whole Tesla thing. I think Culzean has a point. If you want an affordable new EV most people will think "Nissan Leaf" - if you want a used EV, there is a critical mass of used Leafs for sale. If you now want an affordable EV that will do 150 miles plus - well Nissan are there again with the second generation Leaf at vaguely affordable prices. In the meantime there are people who stumped up a £1,000 reservation fee for the Tesla Model 3 nearly 2 years ago now - they are still waiting.

So at least one traditional car maker is in pole position in the EV market.

Exactly,  I have significant experience of car industry and it is a high volume low margin business, Tesla will be overtaken soon by traditional car makers who have the resources, infrastructure and skills to make large volumes of cars,  while Tesla will be more like Aston-Martin - producing high margin cars but not many of them - Tesla at present has about $4billion of capital and over $7 billion of debt.  All of the other 'silicon valley' wannabee car makers dropped out of trying to make cars and decided to concentrate on the technology,  only Musk / Tesla left and his position gets more tenuous by the day.
2
Off Topic (Non-Honda) / Re: Electric cars
« Last post by peteo48 on Today at 07:37:13 PM »
It's interesting - the whole Tesla thing. I think Culzean has a point. If you want an affordable new EV most people will think "Nissan Leaf" - if you want a used EV, there is a critical mass of used Leafs for sale. If you now want an affordable EV that will do 150 miles plus - well Nissan are there again with the second generation Leaf at vaguely affordable prices. In the meantime there are people who stumped up a £1,000 reservation fee for the Tesla Model 3 nearly 2 years ago now - they are still waiting.

So at least one traditional car maker is in pole position in the EV market.
3
With protected NCB the no claims bonus is protected - NOT the premium.

So if you have a premium one year which is £1000 less a protected no claims bonus of 70% the amount you pay £300.

Next year, if your premium goes up because a claim (even if it is not your fault but you appear to be a higher risk e.g. you appear prone to have someone else collide with you!) and becomes £1500, then your no claims bonus stays at 70% and the premium you pay is £450. Without that protection and with a scale reduction of your no claims bonus to, say, 50% you would pay £750.

A bit difficult to explain but I think I have it right. (The numbers, of course, are only for example).
4
Many thanks Vic, like I said it's becoming a RipOff!

If we are paying extra for Protected NCB and not getting it, then in my opinion, that is fraud.

If you are right in your assertions, then we have no control over our insurance destiny and it's all down to the other guy!!!
5
Off Topic (Non-Honda) / Re: Electric cars
« Last post by culzean on Today at 06:42:23 PM »
I remember when the BBC today programme had five year olds picking shares and 'smart money men' doing the same,  I guess you know what is coming? The kids did better- could have probably done the same with monkies and the money men.  It is a guessing game, and when a bandwagon appears the smart money men fall over themselves to get on it, scared of missing something - but sometimes it is the 'emperors new clothes' and no one will step out of line.  The smart money men should have seen 2007/8 crash coming, but guess what - they were part of it and their gullibility and greed caused it......

Tesla has managed to squeeze a lot of federal and state money as well, but its not their money, and if they lose it they just put taxes up......

Warren Buffet, America's most consistent and successful investor will not buy Tesla shares,  guess what he invested $10Billion in General Motors,  now that is smart.

here is what Buffet said ...

Companies with big capital needs, but low profit potential - don't touch them

He said in his letter to shareholders, "The worst sort of business is one that grows rapidly, requires significant capital to engender the growth, and then earns little or no money."


You could be forgiven for thinking he was talking about Tesla specifically
6
If you are involved in an accident that your insurance company are aware of your premium will go up, blameworthy or not, NCD or not.You have become a statistic.
It is becoming necessary to consider whether NCD is cost effective.

Vic.
7
Off Topic (Non-Honda) / Re: Electric cars
« Last post by Jocko on Today at 06:05:38 PM »
A big pile of other people's cash, they may even get a little bit of it back if they are very lucky and sell their shares before the house of cards falls down...........
Most of Tesla's big investors are smart money men, who make shewed investments and walk away with a profit. Many are big managed funds. Those guys don't risk their money.
Fidelity® Contrafund® is a huge investor in Tesla. They manage a $107 billion fund. No mugs there.
8
Off Topic (Non-Honda) / Re: Electric cars
« Last post by culzean on Today at 05:49:33 PM »
Musk will go down as one of histories great showmen, how many more rabbits are in his oversized hat.

You know, what we need is a Monorail

https://www.youtube.com/watch?v=ZDOI0cq6GZM

Yeah, love the Simpsons, and that episode was typical of the hype that goes on..........
9
Off Topic (Non-Honda) / Re: Electric cars
« Last post by culzean on Today at 05:47:25 PM »
Musk deserves a lot of credit for pushing the boundaries, IMHO. Many of his concepts may seem wacky, but some of his plans labelled as loopy years ago are now reality.

It just goes to show how far you can actually get from a standing start, when you have conviction and a big pile of cash.

A big pile of other people's cash, they may even get a little bit of it back if they are very lucky and sell their shares before the house of cards falls down...........
10
I know my insurance renewal is not due until March 2018, but today thought I would check with one of the well known comparison websites to see what the latest quotes are.

I was again staggered to find that quotes varied from £583 up to £2125, mostly from companies I had never heard of.
What is going on? The cheapest quote at £583 is £100 more, than I paid last March.

OK, i'm turned 80 and have been driving for 63 years and probably covered well over 500,000 miles in that time, with never a major accident, in fact non that was my fault.

The most recent bump was November 2015 when someone ran in the back of me whilst I was stationary, again not my fault.
You may say,'well do did make claim'  Yes, but I have protected NCB, so future renewals should not be affected.

Two word spring to mind 'Rip & Off'.  Someone mentioned that the insurance group for an Mk3 EX has gone up.

Perhaps our Adrian Flux rep, might like to comment?

Regards Ken T

Pages: [1] 2 3 ... 10
Back to top