Wouldn’t it would be great if you could buy a used car, run it for 12 months and 10,000 miles and then sell it on for a profit? Research by car valuation specialists cap hpi suggests that this can indeed be a reality – but only if you opt for an electric vehicle (EV).
All cars depreciate, but few have sunk in value as much or as quickly as the 2013 Nissan Leaf.
Low fuel prices have suppressed the sales of electric cars and created a glut of new ones on the market. That alone is enough to bring prices down, but there’s another force at work that has devastated used values of the Leaf and other electrics.
If you’ve ever considered a new or used electric car, now is the time to get in the market and find one of the best deals out there.
First, though, we should look at why prices have dropped so much.