3 ms·
It’s not just old EVs that are cheap, it’s 1-3 year old low mileage off lease models too. My numbers may a bit out of date but for example, depending on the tr
by cosmic_cheese 15d ago
It’s not just old EVs that are cheap, it’s 1-3 year old low mileage off lease models too.
My numbers may a bit out of date but for example, depending on the trim and mileage, the Nissan Ariya can be be had at between $15-$25k (with MSRP being over double that) and they only started selling those in 2023. Ariya’s thus far have shown great battery degradation too, with high mileage drivers (Uber etc) reporting 99% capacity.
And that’s just one model. There’s also Kia EV6/EV9, Hyundai Ioniq 5/9, VW ID.4, Mustang Mach-E, and several others of a similar vintage that are similarly deeply discounted despite low miles.
It’s thanks to the many lease deals, tax rebates, etc bringing down their market value.
- bix6 15d agoTrump killed all rebates. Ariya builds buffer in to mask early degradation. All but one Ariya in my area are $20k+. A well specced is $30k. The math does not work if you own a functioning car unless you are willing to substantially downgrade.
- cosmic_cheese 15d agoI had heard that prices went up as a result of the oil supply crunch. Not seeing where the downgrade is, though. Even the cheaper trims of Ariya are nicer, better equipped, and more powerful than any new car in the low-mid 20s price range and the used ICE car market is entirely nonsensical, with some 1-3 year old used entry level models selling for almost as much as their new counterparts and popular 10 year old models that already have half their lifetime miles selling for north of $20-$25k.
- bix6 15d agoBecause to purely swap for an EV I have to take my well specced current car, sell it, and buy a lesser specced EV (unless I bring additional cash to the table). And only then might I break even after years of lower maintenance / refueling costs.