ElVerde
Posts: 10
Joined: Wed Oct 18, 2017 11:59 am

How much more are these going to depreciate?

Thu Oct 19, 2017 9:27 am

I mean, you're looking at 10k mile 2014s for 17.5k or so......how much lower can they realistically go?

You can basically buy a 2014/15 for the same overall $$$ as leasing a 2017 for 3 years. If you don't need the extra 40 miles of range...why would you lease a new one? Why in the hell would ANYONE buy a new one?

Basically...if its worth more than $0 in 3 years, I'm way ahead on this 14/15, right? What am I missing?

theothertom
Posts: 364
Joined: Mon Mar 20, 2017 6:08 am
Location: South Carolina

Re: How much more are these going to depreciate?

Thu Oct 19, 2017 10:11 am

You can generally get a lease for $400 per month for 2 years. That's around 10K out of pocket. Then you can decide if you want to stay with an EV, and which EV, and take advantage of the newer technology. To me, leasing is a temp solution that you might want to consider since the technology is changing so fast. I'm not trying to sway you either way but I'm just giving a reason some people lease.

ElVerde
Posts: 10
Joined: Wed Oct 18, 2017 11:59 am

Re: How much more are these going to depreciate?

Thu Oct 19, 2017 10:25 am

But...wouldn't I be able to sell this thing for $7k in 2 years??

I mean...I can see how it could POSSIBLY be less...or more.

jadnashuanh
Posts: 5036
Joined: Thu May 22, 2014 2:07 pm
Location: Nashua, NH USA

Re: How much more are these going to depreciate?

Thu Oct 19, 2017 1:51 pm

EV's are still relatively new and rare in the marketplace. Price is driven by demand, at least on the resale market. With EV's, newer vehicles have bigger batteries, and for the uninitiated, range anxiety is real. It takes a different mindset. Nobody wants to be stranded on the road with a dead battery. That takes experience. You can refill your ICE nearly anywhere...that is not true with an EV. But, the things will always retain some value as long as they work. Their resale price should never reach zero while they still function.
Jim DeBruycker
2011 535i x-drive GT, 2014 i3 BEV
Soon (hopefully!) A 2021 X5 45e will replace the above

Sparky
Posts: 360
Joined: Fri Nov 21, 2014 2:30 pm
Location: Bay Area, Northern California

Re: How much more are these going to depreciate?

Thu Oct 19, 2017 1:57 pm

I learned my lesson. I’ve purchased cars for 50 years. From now on I’ll lease electric. There’s no bottom in sight for the 2014 REX.

justanotherdrunk
Posts: 265
Joined: Thu Feb 19, 2015 9:56 am
Location: Silicon Valley

Re: How much more are these going to depreciate?

Thu Oct 19, 2017 7:40 pm

not everything is always and only about money
2014 i3 BEV
Solar Orange/ Mega

theothertom
Posts: 364
Joined: Mon Mar 20, 2017 6:08 am
Location: South Carolina

Re: How much more are these going to depreciate?

Fri Oct 20, 2017 5:18 am

ElVerde wrote:But...wouldn't I be able to sell this thing for $7k in 2 years??

I mean...I can see how it could POSSIBLY be less...or more.
$7k may be a safe number. Or maybe $5k. But finding a buyer might be an issue.

ElVerde
Posts: 10
Joined: Wed Oct 18, 2017 11:59 am

Re: How much more are these going to depreciate?

Fri Oct 20, 2017 10:42 am

Welp...I bit the bullet and bought one last night :)

bdjuju
Posts: 9
Joined: Wed Sep 20, 2017 4:29 pm

Re: How much more are these going to depreciate?

Fri Oct 20, 2017 1:44 pm

I bought used vs leased new because I drive more miles than any lease would allow for. I'm coming out of a 3 yr lease on a Fiat500e, where I tested the waters of EV'ing. If I didn't need more range I'd have probably ended up with a used 500e as those are dirt cheap, too. $7k for a 3yr old.

theothertom
Posts: 364
Joined: Mon Mar 20, 2017 6:08 am
Location: South Carolina

Re: How much more are these going to depreciate?

Fri Oct 20, 2017 5:05 pm

ElVerde wrote:Welp...I bit the bullet and bought one last night :)
Congratulations! Details? Nevermind, just saw your other post

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