And yes, used car prices are slowly decreasing, with some of the biggest cuts on used EVs, but high interest rates counteract much of that, leading to stubbornly large monthly payments for anyone who finances their purchase. Still, used EV prices have continued to depreciate at a faster ...
The main benefit of buying a used electric car is of course thelower price. EVs are still more expensive than their standard gasoline counterparts, especially if you want an EV with a decent range and feature set. Buying a used EV can bring that price range down significantly, meaning you ...
Our final piece of advice is simple: We’re in a “buyer’s market”. In other words, with more choices than ever electric car buyers really can be picky at last. As a seller that can be daunting, but follow the advice we’ve given and you should be able to sell your used e...
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When buying a used car, always ask to see the service history. Don’t just take a stamped book as proof either, as it’s best to find receipts as further evidence for work done. If a car has major gaps in its history, always ask why and express caution as to why. ...
Eligible buyers can benefit from a $4,000 used EV tax credit at the point of sale. The car must cost less than $25,000 and the credit can only be applied once per vehicle. With used EV prices falling a whopping 20% last quarter compared to the same period last year, it’s safe ...
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He also suggests buying a used electric car. “You can buy used electric cars dirt cheap, absolutely dirt cheap,” said McElroy. If you can cough up the money, McElroy says there's a long term payoff, something for drivers to consider. ...
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At a time when the demand for these vehicles is only going to increase, and supply is already limited, buying a used EV can be a sensible choice. It's important to note that we aren't advocating buying a second-hand electric car unless you know what you're doing or get help from an...