EVs retain less resale worth than fuel burners

[HarryHilton]

The increasing interest in electric vehicles has caused speculation about how much resale value they will retain, when in contrast to those fitted with gas-powered drive trains. According to two authorities, they will not fare as well, but they will not lag substantially, either. Have you been looking to sell or purchase a new or used van? If this sounds like you, learn more on our websites at Spam link replaced with more awesome link!

Future for electric car depreciation

Many people are wondering how much electric cars are going to depreciate in value on the market. The dependability and lifespan of the battery is unknown, and there are other factors that could reduce the car worth after it is driven off the lot. Since electric cars have not been on the market long, it is really unfamiliar.

So what can you realistically expect to get for your five-year-old EV at, say, Boom, another spam link gone..... dot com, five years after getting it brand new?

Two price-trackers seek answers

Two used car tracking online websites have put their spotlights on finding out just how well an all-electric automobile holds up on the resale market, when compared to their gas-guzzling cousins. Their findings were not far apart.

What does Blue Book say?

After five years, the 2012 electric Leaf will lose 80 percent of its value, according to Kelley Blue Book. The 2012 Nissan Sentra, a comparable automobile, only loses 70 percent of its value after five years.

After five years, the 2012 extended-range Chevy Volt will sell or 30 percent of its value, according to CBB. The 2013 Chevy Cruze would get 38 percent of its initial worth at the time of sale.

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Response from AGL

The 2013 will keep 21 percent of its value after five years while the Volt will keep 31 percent, according to used car tracker AGL.

ALG says that a typical car should retain about 36.6 percent of its resale worth in five years’ time.

Incentives given

With federal tax bonuses, people can end up with as much as $7,500 off the price of their electric automobile, which makes a difference in the equation for the automobile since the initial worth of the vehicle drops. The incentives must be considered.

"If you only look at residual percentages, it's on the low side," said KBB's director of residual value consulting, Eric Ibara. "But if you look at dollars [spent], it's not."

The resale value of the Volt and Leaf might increase since they both got high marks in the Consumer Reports Owners Satisfaction Survey. This is the second year in a row that the Volt made the list.

Sources

Autoblog
Detroit Free Press
USA Today

[themadscientist]

Battery packs be expensive yo.

[Jesda]

Word.

I briefly drove a Leaf at the auto auction. They put it in line the night before probably to keep people from taking it around the test track (didn't stop me from maneuvering it around). Why? Likely due to a lack of usable range.



In general, Nissan sucks.

[Bubba1]

Not particularly surprised by the conclusion due to high post warranty battery replacement costs. I would imagine hybrids will fare as poorly for the same reason.

[Dattebayo]

I think it's hard to think of an every-day use vehicle as a resalable investment... Unless you're particularly finicky about trading up to the next newest thing or are planning a change in your life, having your car for it's foreseeable life is why most people drive a car, right? Reliability holds more sway with me personally than resale.

But then again, I drive used cars only, so yeah...