Buying a Used Electric Vehicle
A used electric vehicle is a good choice for those who want to experience the benefits of this eco-friendly technology without paying a premium. While the upfront cost of an EV is higher than that of a traditional gas-powered car, growing inventory and hefty federal and state incentives make buying a used EV a more attractive option.
A quick scroll through local used car listings in New York shows that the range of vehicles available on the market is expanding rapidly. From high-end models like the Porsche Taycan to Chevrolet, Nissan and Hyundai cars selling for less than $20,000, there is something for everyone in this segment of the automotive market.
Used Electric Vehicle: Finding Your Eco-Friendly Ride
A recent survey from Recurrent found that three-fifths of US adults see the lower purchase price as a significant incentive for considering an EV purchase. A desire to experience the driving experience is the second highest motivator at 42%, followed by the desire to avoid the depreciation of a new EV (39%).
The pros of a used EV are clear: They typically require significantly less maintenance than traditional cars and have far fewer moving parts that can break down. Plus, the major battery components come with a warranty that lasts eight to 10 years, depending on the state.
If you’re interested in a specific model, consider looking at its resale value on sites like Kelley Blue Book or checking the EV owner forums to see if anyone has one for sale. Also, look for specialist used EV dealers that are popping up around the country to get access to an even wider selection of vehicles and maybe some additional guarantees.