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#depreciation #cheapevs #electriccars
Welcome to an Electrifying podcast special where we’ll be giving you the lowdown on the used electric cars that we think offer you the most value for your money.
Let’s start with a recap on the used market. We saw crazy prices post-lockdown when the slow supply of new cars saw the prices of used cars reaching almost laughably high levels.
But in the past year we’ve seen a realignment of those prices and they have plummeted for used electric cars. As a result, they are all looking VERY affordable.
The fall in values was triggered by a number of factors, but arguably the biggest was Tesla’s decision to reduce new prices by thousands of pounds. This had an immediate knock-on effect on the used market and shockwaves through the industry.
This is a story that has winners and losers. The losers are those who paid full whack for new cars at the height of the market and have taken a big depreciation hit. The winners are used car buyers, who can now pick up a bargain.
We’ve obtained valuation figures from the experts at CAP, and in this video, we list the top 10 most depreciating electric cars on the market. If you’re thinking of buying a used car that appears in our list – well done, your timing is perfect. If you’re considering one new, it might be worth reconsidering your choice!
Join Ginny and Tom as they discuss the list and choose which bargains are worth picking and which should be avoided.
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Electrifying.com is the UK’s leading car electric car news and review site. Founded by Ginny Buckley, we are the go-to site for the latest developments in the world of electric cars and the latest reviews of the newest models. Our site is packed with advice and information written in plain english for those looking to make the switch or wanting to find out more about the world of electric cars.
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