Wow, nice to see some great positivity in this post.
Totally agree on the quirks of the car and the need to be forgiving. It is easily the best car I have ever owned (20+ to date) and I am so pleased I made the decision to buy.
There are many posts on here asking what you will buy next. I already know, another Ipace in 18 months when my 2 year warranty expires.

 

I have retained my 2019 SE, love the car and just extended the warranty as I see no real advantage in paying more depreciation than is necessary.
My last three 100% charges all have given me over 250 miles on the Guess-o-meter which is quite good. I normally do not charge to 100% but recent requirements have changed this, it is, however, a temporary change.

 

Great post Zoom. We need to be careful not to put off prospective new owners

 

Fully agree. I always knew that there was a risk of early adoption. I have had a couple of issues, in the very early days, Infotainment screens going blank, and it had to go away on a flatback once, but overall I have been really very pleased.
There will always be quirks, such as the SatNav not getting a decent GPS signal but if that it is the only issue on a car this good, then I am not complaining.

 

The bottom line for me (as an IPace owner for about three years) is that there is nothing, absolutely nothing, that comes close to the IPace in terms of the combination of quality of design, quality of finish, drive ability and comfort. It also happens to look drop-dead gorgeous from every angle, something that none of its potential competitors manage.

Unlike pretty much any other car I've owned (with the possible exception of the Mercedes SLK with its trick roof, or the road legal single seater I built in the mid-90's) the IPace always, without fail, attracts positive comments.

One hotel we stay at fairly often has valet parking (and free charging for EVs - I've no connection other than as a very happy customer for years, but check out the Royal Crescent Hotel, Bath if you're ever in the area). I've owned a few different cars since we first stayed there and only two have ever had a reaction from the valet parking service. The first was the Tesla, as it was then a fairly rare car (this was 2019, just after the Model 3 first became available here). There was the sort of wow factor that seemed then to be the reaction from anyone under 40, followed by questions as to how the RFID card worked, how to start, stop, charge and lock the car, something that was odd as parking valets usually know all this stuff. The IPace just got a big smile when I handed over the fob, and an even bigger smile whenever it was delivered to the door of the hotel when we were going out somewhere. It's the only car I've owned where I spotted the valet polishing the door handle as he handed the car over to me, to rub off his fingerprints.

It's had a similar reaction at other places, too. We stayed at a hotel on the England/North Wales border last year. I charged the car a few times using their (very expensive) charge point, and was then asked if I'd mind if they cleaned and polished my car and included it in a photoshoot for their website (or brochure). To be fair, they did discount the charging prices (and I got the car cleaned), and I can't fault the hotel or its service, but because of their crazy charging prices I don't feel I can commend them to the EV community. North Wales is also a bit of a charging desert, which doesn't help (but may help explain their high prices).

 

North Wales is also a bit of a charging desert, which doesn't help (but may help explain their high prices).

How dare you say that about my part of the world !!
No matter how true it might be ...

TBF large parts of Wales would benefit from additional charging capability ...

 

I have added a link to this thread in the buyer’s guide. Cheers.

 

I have had my FE for five years now and I agree with everything in the original post. It is the best car I have ever owned and despite some early gremlins, I have never regretted buying it. It still puts a smile on my face every time I drive it, especially when I get it on the open road.

At this time in the cycle I am usually buying a new car, but there is nothing at the moment to tempt me.

 

The IPace is a great car if you have a good one it’s easily the best car I’ve ever had, range and charging have not been a problem for me. The way that Jaguar have handled service and repair is scandalous, resulting in high depreciation for those unlucky enough to have paid cash. They don’t really care because Jaguar will be out of the mainstream market next year, trying to compete on the ultra luxury market.

 

They don’t really care because Jaguar will be out of the mainstream market next year, trying to compete on the ultra luxury market.

You'd think they'd be using this as an excellent opportunity to practice!

 

Hey Zoom,
We are kindred spirits! I just bought a second hand 1 year old Ipace Sport and had it for a week and absolutely love it. I raced superbikes for years, and still own a couple and lucky enough to also own a red Italian classic (starts with an F and ends with an i). I've owned a GT3 recently, and just sold my beloved 2011 M3. I did months of research and test drove, the Polestar (canx my deposit on the BST Model as didn't fit well into the stock one), Tesla Model 3 and Y (new ones), M50 Beemer and the Taycan (too small for what I need on the inside). I read a lot on the forums, and the driving is simply spot on, mostly drive in comfort but ace in Dynamic! It handles is ace and comfort great too. I never thought I'd switch but plan to keep it for 10years like I do with most of my daily drivers, so will pay for itself fairly quickly compared to the running costs of the M3 (and that includes the drastic depreciation which I've mitigated as best I could with the buying the ex-demo one).
I couldn't be happier- and just need them sort the API so I can get 7p anytime with OVO- I've looked at all tarrifs and options from all energy suppliers, and will wait and you can only save at best about £350/year if you charge all the 7hours of cheap energy daily from other suppliers for a year. Of course, I could buy a different charger from my free PodPoint, but worked in tech so sorting the API shouldn't take much longer (jLR woulldn't give me a timeframe though).
I apprecaite I'm lucky to be able to still get my petrol kicks from other vehicles, but as a daily driver, this iPace is ace

 

As an overall car when everything is working it is a pretty good package but it's still a painful ownership experience when inevitably things go wrong or you just want a service.

Given that you can lease a brand new top spec Lotus Eletre, with better overall spec, faster, more range, faster charging and fab handling for £700 a month I am shocked that anyone but the "I will die before buying anything Chinese" crowd is picking up anything else. The Jag will depreciate more than the total cost of the Lotus over a 3 year lease term even if you buy used.

The Lotus also looks amazing from almost every angle. I have been seriously tempted to sell the wife's car, give her mine and pick up the Lotus but I am told I should be focussing on replacing the kitchen at home 😟

 

The lotus looks amazing I agree, but so did the Taycan. I can see £139k for 10miler - which will be worth 70k in a year most likely- when I sold my gt3 they tried to persuade me into a Taycan as at the time they weren’t showing depreciation to an an extent- so if you were to buy a used hse ipace , 3years old for about £25k you’d be £45k up even if your up ace was worth £0. I’ve been fortunate in the past with my gt3 which insole for more than i paid, the depreciation on the m3 was minimal as I bought the right one and kept it for 10years- my Ferrari of course has made money- but I don’t buy to make money, and accept that my ipace could be cheap as chips in 8years, but for my lifestyle and mileage and the big savings of about £4k per annum conservatively made it a no brainer

 

Of course, if you pcp it , you can see what value they put on and protect yourself to lower depreciation than they predict

 

Why would you want to own an EV if you can lock in a great lease deal? It is insane, I have concluded that it is like setting fire to a pile of money.

My Jag cost me almost 50% more in depreciation in the first 3 years I owned it than the Lotus costs in total lease over the 3 year lifespan. It is a £140k car.

 

Because some people keep their cars more than 3yrs. Buy @ £70k, keep for 10yr, and you're far better off than leasing and returning every 3yrs.

 

Depends on your mileage- my car road tax was £720, now zero, warranty is zero for next 2 years as a 1 year old ipace. Fuel saving is a massive 85%, servicing schedule cost is crazy cheaper, approx 75% less and that’s not including the savings in consumables eg disks and pads.
mad for leasing that wasn’t for me.
The £120k lotus one on the lotus website for 3 year lease on 12k pa miles costs you £51,778 over 3 years and then you hand the car back so have no car anymore (so sunk a whopping £51,778) or pay the £69,510 to keep the car. If the car is worth less you still have to pay this amount to keep the car, but at least you can hand it back so are protected from the outset to only lose £51,778 over 3 years). If you you were to buy a used ipace you’d be a mile better off- as you would be with any used car. Of course, it depends of people’s position and needs on what do to do- but as I said in my original post- the 1 year with super low mileage are good deals although of course, like with any ev or nearly all luxury cars- depreciation will continue, but with ev you get the offset of low fuel, servicing and road tax running costs. For me, I plan to keep for at least 8years, range is zero prob for me as my regular journeys are not that far and its way to plug the car in at home.

 

The offer I had was for just over £700 a month over 3 years at 8k miles a year. Obviously that is not taking the main Lotus website as the headline numbers but was obtained via CarWow. Who would ever just take a Manufacturers basic offer and not haggle? Total cost was circa £22k for 3 years. Mileage wise I have not managed 24k miles in 4 years yet.

Regardless of new or used or the car you are looking for, Jag, Lotus or ANother, for EVs right now it makes no sense to buy rather than lease, the costs just don't stack up I don't think.

If you buy a new car you will lose a multiple of the cost of lease over a similar ownership period in depreciation. Even if you buy nearly new (and I have not owned a used car for 30 years and have no real enthusiasm for it now), you will still likely lose more in depreciation than a lease on a new car would cost.

The only potential negative to leasing an EV that I can see is that you lose direct control of the renewal cycle but if you have more than 1 car in the household this is probably not the worst thing in the world.

I really, really regret buying rather than leasing my iPace, which probably means I am stuck with it and the escalating cost of non optional extended warranty for some time.

 

Hi Keeno,

It is a breath of fresh air to read another positive take on the Ipace, I remain convinced it is a great car to own and live with. It is extremely difficult to judge and assess how good or woeful a car is by reading forums because inevitably you are more inclined to vent your frustration than joy. I continue to enjoy mine (now for over 6 months) with no issues whatsoever (and I cant help but feel there must be so many other owners doing the same and with no need or inclination to reach out on forums etc). The cost is an issue but as you explain not straightforward to assess either. All EV's are suffering in this regard not just the ipace. I will admit I would be reluctant/nervous buying a new one but as a second hand purchase the value is beyond belief. In this respect I can really only speak having done the latter. £25,000 for a 3 year old car of this capability and calibre with 3 years manufacturers warranty (plus other free stuff), no road tax (the XFR was £695/year) that then cost me about £5 every 200 miles is just extraordinary compared to other cars I have owned (notwithstanding the unusual that increase in value but that is a different market). PS It sounds as if you have had a wonderful array of cars in your time!

 

As someone leasing through my own business it's a no brainer [to lease]. I did consider the Macan EV and Lotus Eletre but the costs were way higher than getting another I Pace so I'm looking forward to my second some time in August.

I don't have any connections with these guys but have found their leasing prices to be by far the best, and their service so far has been great: Gateway2Lease

 

How much was the iPace Lease going for? I thought they were running over £800 a month for the top spec for a car that is less than 2/3 the price of the Eletre. It does seem that Lotus are offering remarkably keen deals directly at the moment and I am sure they will not be the only manufacturer to do so, given shifting sentiment on EVs.

 

I have waited for the depreciation to hit a level where i could afford to buy the car outright.
I can see in some stituations leasing/financing a car is the only way people could acquire the iPace but i have always been in the party that says its basically renting a car. In have always paid in full for my cars (only ever second hand) as that way I know its mine and normally I pick something that wont depreciate massively or has already done so and has now plateaud out.
I got my 2020 (70plate) HSE for just under 25K and plan to keep for 3+ years and am now a firm advocate for EV so wont be going back to ICE in the foreseeable future.
I did concider other EV‘s like the Tesla or Polestar but the Ipace ticked more boxes for me and i am very happy with my decision.

 

It isn't just the £25k though is it.

I have a 70 (well it would be if I didn't have a private plate) HSE. In addition there is £1k a year for extended warranty and connectivity options and average service costs to ensure that things work properly. So you are looking at £28k over 3 years. My assumption is that the car will be practically worthless in 3 years time so the value of owning it now from 4 years old rather than leasing is at best marginal.

You also need to factor in the aggro factor, it is inevitable that more things will go wrong with an older car, you will need to replace brakes, you will have be exposed to increasingly probability of component failure (AC, BCCM and Air Suspension seem to be standard weak spots), which will come with a mix of cost and inconvenience.

I am now quite EV acclimatised but would for the right option happily revert to ICE (if someone gave me a Lambo Urus for example).

Given the need (whatever EV you choose) to ensure an ongoing warranty they seem to fit a subscription model better than an ownership model. Certainly after losing the £59k against the list price (if my car is worth what you paid for yours now) or £44k of real money to date, I would have saved a considerable amount on a lease that only cost me circa £7.5k a year for a new car that is likely to need only one service in a 3 year period and no wearable part replacement.

Luckily I can offset the loss against my company but that only really saves me circa 20% of the real cost.

 

Electric Beagle, I get your point but 1k/year warranty cost doesn't allow for the costs that might be incurred anyway. My previous car (ice Jaguar) easily cost this over three years (70% of which was for a new diff). Plus buying second hand 2 years warranty is provided at point of sale free of charge (and I managed to wrangle 3 years). Neither would I say it is inevitable that a car that is 3 years old or 4,5,6 years old is going to have numerous problems. I have have some that have caused next to no problems at all in the first 5/6 years of ownership (not as highly strung as a Jaguar but nonetheless). It is also highly unlikely a car will become worthless even if it has an issue that is not worth repairing because the parts are going to be of some value (headlights at £2,000 each for example). Buying new before the clouds descended has left some people out of pocket more than they would have imagined but as a second hand purchase they remain a bargain. Buying new the argument swings the other way currently as you point out.

 

The risk with an IPace and any EV is that if you have a problem you need the dealer to look at it, but if you have Jag Assist with full extended warranty you get support from a roadside Tech, if it can’t be fixed it will go to a dealer under Jag assist which gives you a courtesy car and Jag assist slot at the dealer.

Parts and fault finding labour are expensive. So not having extended warranty is a no brainier.

 

I just picked up my 3 yr old MY71 se ipace last week, gotta say i love it. (so far) looking around at what i could get for the same price, you just get so much more car!! The depreciation from new is brutal, but managed to get a knock down price and 2 years extended warranty, jag assist and a free home charger installed was a fairly good deal for an amazing EV with less than 30k on the clock.

I hope these words dont come back to bite me in the ass, but until then...... happy days