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I disagree, your example is just what everyone is experiencing right now. Nearly all newish used cars are selling for what people paid for them new. The curren
by avgDev 4y ago
I disagree, your example is just what everyone is experiencing right now.
Nearly all newish used cars are selling for what people paid for them new. The current market does not represent a reasonable market value.
I can assure you EVs of today will depreciate faster than ICE vehicles, as new improvements are made to the tech. So much more money is being poured into batteries and R&D.
- Ekaros 4y agoAlso EVs are expensive because there is not that much supply on used market. Wait for one or two cycles of leased corporate fleets hitting resale market after this price boom and it likely won't be that great to try to sell even older models.
- avgDev 4y agoPlus, some EVs are still getting the $7500 federal credit. I can buy a luxury Lexus ES Hybrid for $45k, or I can buy a luxury model S for $100k. The only thing the ES is worse in is acceleration but it makes up in build quality.