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).
We all want a good value when buying a used car. Who doesn’t love picking up a five-year-old low-mileage car for 60 percent less than what the car cost new?
Getting a great used car deal is the holy grail of car shopping for many value-oriented shoppers. My best experience was scoring an almost half-price deal on a used car that had been sitting on a dealer’s lot for a long time. It was a base model and had a 5-speed manual. No one wanted the car, the dealer wanted it gone, and I made a half-price offer, which was accepted.
That was a little over five years ago. Today’s best bargains are a little different. In fact, they’re electric. Continue reading >>>
Gas prices in my area are inching up again after getting into the dollar-and-a-half-per-gallon range. Today, prices at my local pump sit at around $2.15.
That’s still a far cry from the $4.75 I was paying not long ago, but not nearly high enough to make me consider giving up gas and going electric.
The consensus is similar for consumers across the nation, as electric cars haven’t made much of a dent in sales so far this year. The price premium on new electric cars just doesn’t make the investment worth it.
What about the used market, though?
There’s a wide range of EVs available used now and some of them just might offer the savings that budget shoppers desire.
What’ll it be:
A new Nissan Leaf for less than $25,000, a new Chevy Volt for around $37,000, a new Cadillac ELR for $76,000, a new Tesla Model S for upwards of $80,000 or maybe the new BMW i3 or i8 or Mercedes-Benz B-Class electric?
A growing number of used electrics are also hitting the market. Prices for those range from the high teens to $400,000. (More on that later.)
How’s a car shopper supposed to decide the best course of action to go electric for the first time?
Read on, friends, for the answer awaits.