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Hertz's loss is my gain: bought a 2023 Chevy Bolt EUV in excellent condition with only 9k miles on it from the Hertz used car lot. Car was priced $8500 below M

Hertz's loss is my gain: bought a 2023 Chevy Bolt EUV in excellent condition with only 9k miles on it from the Hertz used car lot. Car was priced $8500 below MSRP. That's roughly 30% depreciation, more than the average first year hit of 15% to 20% for ICE vehicles. Wonderful car, I love it. I quickly adapted to one-pedal mode where instead of using brakes the car's motors become generators that recharge the battery when slowing to a stop. The quiet ride and instant throttle response beat gasoline cars by a mile, I'll never go back. GM engineers did a wonderful job with the ergonomics, it has just the right mix of traditional buttons for AC/heat and radio, speedometer cluster, and a large easy-to-use and responsive touch screen. The only drawback is it is slow to recharge (about 9 hours), making long trips impractical. For us it's a great second car for local and regional use.

conjecTech 2y ago
I think that's the real loss here. Rental vehicles are a big source of cheap used cars. Having a steady flow of EVs from there would have brought down used prices and made them more financially accessible. Shame we won't see that now, at least in the near future.
sf_rob 2y ago
Are you factoring in the federal tax credit with your math? I suspect not when I look at their website where lightly used EUVs are ~$20k. Of course, you may not be eligible for the federal tax credit, but $8500 doesn't strike me as much of a deal.
- while_true_ 2y ago
  Used 2023's are not eligible for any tax credit. New EUV's are eligible for $7500 tax credit. Used EV's must be at least two years old to qualify for the $4,000 tax credit. There are no new 2023 EUV's available in my local market, nearest one is 50 miles away. The price was at the lower side of retail KBB, so it was a fair deal, not a huge bargain, no. I'm happy with it, I basically got the $7500 tax credit baked into the price at point of sale.

conjecTech 2y ago

I think that's the real loss here. Rental vehicles are a big source of cheap used cars. Having a steady flow of EVs from there would have brought down used prices and made them more financially accessible. Shame we won't see that now, at least in the near future.

sf_rob 2y ago

Are you factoring in the federal tax credit with your math? I suspect not when I look at their website where lightly used EUVs are ~$20k. Of course, you may not be eligible for the federal tax credit, but $8500 doesn't strike me as much of a deal.

while_true_ 2y ago
Used 2023's are not eligible for any tax credit. New EUV's are eligible for $7500 tax credit. Used EV's must be at least two years old to qualify for the $4,000 tax credit. There are no new 2023 EUV's available in my local market, nearest one is 50 miles away. The price was at the lower side of retail KBB, so it was a fair deal, not a huge bargain, no. I'm happy with it, I basically got the $7500 tax credit baked into the price at point of sale.