The Jaguar I-pace Is one example of how much used EV prices have crashed in the last couple of years; now cheaper than diesel, do they make a better choice?
If you’re in the market for a mid-sized SUV, two models in the Jaguars lineup might have caught your eye: the Jaguar F-Pace and The Jaguar iPace.
Price Disparity
The new list price gap is substantial. For example, the R Dynamic SE Black Edition of the F-Pace, currently priced at £55,850, is £21,845 cheaper than its electric counterpart in the same trim level.
Used Values
But after this year’s collapse in used EV values, you can now pick us a used iPace for substantially LESS than its fossil fuel counterpart. Making it an exciting proposition.
The Diesal One
Jaguar F Pace 2021/70 38K miles
Price When New £50415
| Jaguar F Pace 2.0 TDI | £35,999 |
|---|---|
| 0-60 Acceleration | 7.60 seconds |
| Top Speed | 130 mph |
| Engine Power | 201 bhp |
The Electric One
Jaguar Ipace HSE 21/21 15k miles
£74340
| Jaguar i Pace Electric | £33,490 |
|---|---|
| 0-60 Acceleration | 4.5 seconds |
| Top Speed | 124 mph |
| Engine Power | 395 bhp |
Which do you choose?
| Comparison | Choice One (Jaguar F Pace) | Choice Two (Jaguar I-Pace) |
|---|---|---|
| Model Year | 2021/70 | 2021/21 |
| Mileage | 38,000 miles | 15,000 miles |
| Price When New | £50,415 | £74,340 |
| Current Asking Price | £35,990 | £33,490 |
| Acceleration (0-60) | 7.60 seconds | 4.5 seconds |
| Top Speed | 130 mph | 124 mph |
| Engine Power | 201 bhp | 395 bhp |
| Fuel Option | Diesel | Electric |
| Depreciation Rate | Slowing | Values Are Plateauing |
| Age | Older | 6 months newer |
| Mileage Difference | Twice the mileage | 1/2 the mileage |
| 0-60 Acceleration | 3 seconds slower | 3 seconds faster |
| Top Speed Difference | 6 mph faster | 6 mph slower |
| Refill Time (Electric) | Takes Diesel much faster to refill | 20 mins on a fast charger |
| Depreciation from New | £14,425 | £40,850 |
| Price Difference | £2,500 more expensive | £2,500 cheaper |
| Cheaper Now | No | Yes |
Unique Manufacturing of the I-Pace
The I-Pace is an impressive electric vehicle, not produced in Jaguar’s factories but in Austria by Magna Steyr, the same company responsible for the iconic Mercedes G-Wagen.
Further Consideration in Light of Potential Depreciation
We anticipate an upcoming recession, which usually makes people more cautious about spending. Therefore, if people move to used EVs with their lower operating costs, it will stabilise further depreciation.
Conclusion
Ultimately, the decision between these two cars is a matter of personal preference. However, the I-Pace’s affordability, charging efficiency, and practicality make it attractive. As the electric vehicle market advances and charging infrastructure improves, the I-Pace becomes an increasingly appealing choice in terms of value.
In Summary
While electric vehicle values may fluctuate, the current status of the I-Pace suggests that used EVs can be a wise investment once the initial price depreciation has occurred. This makes them an appealing choice as a used vehicle.
If you’re interested in switching to an Ev, you need to ensure it will work for you. Check our unbiased guide here on whether or not an EV will fit in with your needs.
If you are an Ipace owner and want to know the current market value of your I-Pace, you can get the latest pricing information by clicking here.
The values may have fallen, but the demand compared to petrol and diesel cars is high, so don’t be disheartened. We are confident we will get you a fair price.
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