Navigating the Used EV Market: What to Watch Out For?

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Overview:
  • The used electric vehicle (EV) market is volatile, with prices dropping daily.
  • Some cars have a "shelf life" of only a few days, meaning prices are constantly changing.
  • Rumors suggest that Tesla is paying leasing companies to cover shortfalls in residual value, meaning leased cars are worth less than expected at the end of the lease.
Key Points:
  • Used EV pricing is highly unpredictable.
  • Be cautious when purchasing a used electric vehicle, and thoroughly check the condition of the car.
  • Recent EV models experience 79% more problems than gas-powered cars, according to Consumer Reports.
  • Testing the battery can be challenging, so it's essential to have a professional EV checkup.
  • The used EV market is risky due to potential mechanical and valuation issues.
  • However, with careful research and negotiation, savvy buyers can find great deals on used electric vehicles.
 
Navigating the Used EV Market: What to Watch Out For?
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