Buying used electric cars
Supply and price of a used electric car
As of today, many potential buyers decide against buying an electric car because of its high purchase price. A cheaper alternative is to buy a used electric car. Numerous dealers are already offering used cars on the market at more affordable prices, and a steady increase in supply can be expected. However, the limited lifespan of the electric car battery is a cause for concern in this respect.
Although the supply of used electric cars is much smaller than the supply of used cars with combustion engines, it is steadily increasing. The reasons for this are obvious: The electric car market has evolved in recent years. New and more attractive car models are now available, generating increased sales figures. However, the majority of used car sellers only sell their cars after a few years, which is why it can be assumed that the supply of used electric cars will continue to increase significantly in the coming years. autoscout24.de, one of the largest used car portals, currently offers over 5,000 used electric cars. Over 90 % of these cars are less than five years old.
The prices of used electric cars vary depending on the manufacturer, mileage, and car performance. Savings of up to 60 % are to be expected.
Weak spot: Electric car battery
One of the most significant weaknesses of a used electric car is the electric car battery. Lithium-ion batteries suffer from constant charging and discharging and with age. Consequently, it can be assumed that the battery capacity and the range of a used electric car have decreased. A lower battery capacity does not mean that the battery is broken but that the electric car needs to be recharged more often. At the age of ten years, the remaining battery capacity is approx. 75 %. The battery capacity can be at least partially restored with conditioning. This involves repairing cell defects for comparatively little money to restore the battery capacity.
Purchasing a used electric car with battery rental (battery leasing) or a battery warranty avoids the risk of repairing or replacing the electric car battery. Battery leasing involves monthly costs for the buyer on top of the purchase price, but it is then the car manufacturer who is responsible for maintaining the electric car battery. A battery warranty also has the advantage that the car manufacturer has to finance the repair or replacement of an electric car battery.
Things to consider when buying a used electric car
Mileage and appearance of the vehicle
Functionality of the charging equipment
Conclusion: Is it worth buying a used electric car?
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