This week’s top stories feature news of good deals on EVs, a new way to get an auto loan, and a holiday shopping list for car lovers. Continue reading >>>
used nissan leaf
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 >>>
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.
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.