Are people buying used EVs?
Discussion
Question for the traders perhaps?
I'm curious about the take up of second hand EV cars. Are people actually buying them and if so which models?
Buying new or PCP/leasing new I can understand, but with so many cars with battery leases I'm thinking that the used proposition is much less convincing.
As there come to be more and more battery lease cars about whats happening to them? All the Zoes are battery lease, and a good proportion of the 2013+ Leafs.
I'm curious about the take up of second hand EV cars. Are people actually buying them and if so which models?
Buying new or PCP/leasing new I can understand, but with so many cars with battery leases I'm thinking that the used proposition is much less convincing.
As there come to be more and more battery lease cars about whats happening to them? All the Zoes are battery lease, and a good proportion of the 2013+ Leafs.
Edited by TooLateForAName on Saturday 24th October 11:18
I've read a few threads on here concerning second hand prices. I looked at a Nissan Leaf priced at under £7k and it looked ok, but a good deal came up on a new Zoe.
I rang a dealer and asked them if I bought a car without a battery lease and it failed would I have to replace the entire battery? Their response was depending on where the failed cell was, they may be able to drop the battery pack and replace it. You would have quite a lot of labour (they didn't quote me for the work) and the cost of the cell but this would be cheaper than replacing the entire pack.
I should imagine there will be a lot of companies setting up doing just this in the future as the demand increases.
EV's appear to hold little value second hand so they still make a great commuting tool for a cash purchase IMO. I bought new for £179pm and a deposit of £195 which is less than the diesel I was putting in so I get to keep the cash in the bank. That is the only reason I bought new, I wouldn't hesitate to go second hand after my 2 year lease expires as I fully expect the price to keep plummeting.
I rang a dealer and asked them if I bought a car without a battery lease and it failed would I have to replace the entire battery? Their response was depending on where the failed cell was, they may be able to drop the battery pack and replace it. You would have quite a lot of labour (they didn't quote me for the work) and the cost of the cell but this would be cheaper than replacing the entire pack.
I should imagine there will be a lot of companies setting up doing just this in the future as the demand increases.
EV's appear to hold little value second hand so they still make a great commuting tool for a cash purchase IMO. I bought new for £179pm and a deposit of £195 which is less than the diesel I was putting in so I get to keep the cash in the bank. That is the only reason I bought new, I wouldn't hesitate to go second hand after my 2 year lease expires as I fully expect the price to keep plummeting.
My leaf is on a PCP which has still got quite a while to run, however, planning ahead I think I would probably like to keep it at the end of the term. It looks like the final payment is going to be a lot more than the car is actually worth (about 5k more!). Does anyone have any idea if I would be able to 'give it back' then immediately 'buy it' second hand for market value?
edthedead said:
My leaf is on a PCP which has still got quite a while to run, however, planning ahead I think I would probably like to keep it at the end of the term. It looks like the final payment is going to be a lot more than the car is actually worth (about 5k more!). Does anyone have any idea if I would be able to 'give it back' then immediately 'buy it' second hand for market value?
It wouldn't be logical to pay the final (balloon) payment to keep it if it's more than the car's worth. Why not look for another similar secondhand one? If you want to buy back the car you've known from new (good choice), I'd ask the dealer. My gut feeling is that the finance company would auction it off so it may be out of you hands. Maybe after speaking to your dealer, you could speak the finance company. It would be dumb of them to sell it at auction at trade value, pay commission etc. instead of agreeing a price with you.Personally I think you'd be bonkers to buy one out right, get one on a short pcp, there are great deals month in month out.
Let the manufacturer take the hit, then get another new one.
It's such a small market that it could fold and die and you'd be left with a worthless lump of tin, once the government grants dry up I feel the interest in ev's may as well. Alsofuture repair costs could far exceed the cars value, although I've not seen any in for major repairs yet.
I love our Zoe but I'd never want to own one outright.
Let the manufacturer take the hit, then get another new one.
It's such a small market that it could fold and die and you'd be left with a worthless lump of tin, once the government grants dry up I feel the interest in ev's may as well. Alsofuture repair costs could far exceed the cars value, although I've not seen any in for major repairs yet.
I love our Zoe but I'd never want to own one outright.
edthedead said:
My leaf is on a PCP which has still got quite a while to run, however, planning ahead I think I would probably like to keep it at the end of the term. It looks like the final payment is going to be a lot more than the car is actually worth (about 5k more!). Does anyone have any idea if I would be able to 'give it back' then immediately 'buy it' second hand for market value?
You'll find there will be huge manufacturer support for these over inflated end payments. Hand it back, it'll go back to the manufacturer holding centre and then appear at a dealer somewhere for the correct price. Edited by shake n bake on Sunday 15th November 19:10
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