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The depreciation on EVs is actually quite ludicrous. I have a 2018 Leaf that has 30k miles on it. I took it in for warranty repairs to a local dealership and
by knappe 2y ago
The depreciation on EVs is actually quite ludicrous. I have a 2018 Leaf that has 30k miles on it. I took it in for warranty repairs to a local dealership and while I was waiting looked at some of the 2024 Leafs and the starting price was 35k. The trade in value of my leaf? 6k.
The dealer told me that the price of all EVs is much lower in resale due to the incentives offered on new EVs.
I found it entirely preposterous that the difference between the 2018 leaf and 2024 leaf was really 29k for 60 additional miles of range. Materially that was really the only difference between the two models (and 30k miles, but still).
- vel0city 2y agoLeafs are about the worst on resale value though. EV buyers have largely realized the battery life on Leafs aren't as good as liquid cooled EV batteries, and the fact they don't support CCS or NACS means they're incredibly limited compared to pretty much every other EV on the market. Other than comparing the major price changes in OEM prices of Teslas no other EV has had nearly as bad of a time as Leafs.
- knappe 2y agoI mean, sure. The charging network is actually why I've been telling people to avoid them, since CHAdeMO is very hard to find. But then why is the new sale price so high compared to the resale?