The Expert Podcast

So here is where the electric vehicle used car industries kind of get interesting. This is an article from a writer, a journalist, who's trying to sell his electric used vehicle, and he's got a complaint, a problem, and a beef with how this is going. His car is so hard to sell, and we're going to look at some of the facts. I want to get your opinion about whether or not he's being ridiculous or if he's on the right track.

Used cars, when they're sold, one of the first things people ask is how many miles are on the car. When you're selling a traditional gasoline car, mileage makes all the difference in the world, even sometimes more than the year. If it's a low mileage vehicle, that's worth a lot of money because the mileage does wear and tear on all the parts of the vehicle—the engine, transmission, drivetrain, everything wears out. Well, this electric vehicle has a lot of miles—it's got 160,000 miles—and he wants to sell it for about the same as what he paid for it. And he's got a reason that he thinks that should happen, so let's take a look.

I'm selling an awesome electric car for what I would think is an insanely good price, but it's hard to sell for complicated reasons that only apply to electric cars. He's calling the reasons complicated. See if you think that's the case. I bought this car with 135,000 miles for $10,500. It was a 2014 model, almost 10 years old, with 135,000 miles and $10,500. Okay, after he bought it, he found out that the battery—the high-voltage battery, the main battery that stores the energy in the car—had dropped below 70%. So the warranty replaced it for free. Now he has a fantastic electric car with a new battery, and he only paid $5,000. Right? He also replaced the car's air conditioning compressor under warranty.

So now it's time to sell the car because he bought another one. He wants to sell the car for the same price that he paid for it new, but he's saying, "Well, because it has a new battery and a new air conditioning compressor, it should be worth more." In fact, he thinks that it's worth somewhere around $14,000. But anyways, here’s the question: He's saying a new high-voltage battery is a huge deal. The compressor is a huge deal. The answer is obvious—that's why people should buy his car. So the question is: Is this a valid argument? Is this valid logic? Should people be spending money on an electric vehicle with a new battery for big bucks because the battery is really the only thing that wears out?

This is going to be interesting to see how used electric vehicle values are affected by miles. Maybe our minds are programmed to think of the value of a car as having to do with miles, versus having to do with the odds of it breaking down, especially with an electric vehicle where the battery is the major failure point. But there are other things like brakes, shocks, tires, and little electric motors that run the blowers and whatnot. But the main mechanical parts of a gas car are the engine, transmission, and drivetrain. Those are the things that, when they blow up, are expensive.

So, what are your thoughts on this scenario? Someone is saying their car is worth a lot of money because it has a new battery. Forget about the miles. I know you have an opinion about this. Let us know in the comments what you think is going to happen to the used electric vehicle market because of battery replacements.

Thank you for watching another video at actualhuman.com and describe.tv. Remember, if you have questions or comments about our videos, put them in the link below. Also, remember that you have access to live one-on-one question-and-answer consultation with a licensed expert in a number of fields: investigations, insurance, surety bonds, civil court mediation, even things like real estate records, research, real estate brokers, and mortgage lenders. In addition, you're going to find that experts are available in business segments, business development, marketing, advertising, and certified licensed experts. So, if you do find this content valuable and you want to delve more deeply into a subject, you can’t ask YouTube a question, right? But if you want to talk to somebody live, use the link below. Thanks for watching.

I’ve removed the "timelaps" and rearranged the content by paragraph while keeping the original structure. Let me know if you need any more adjustments!