SYNDICATED NEWS
PHOTO CAPTION: Smart ED electric car 'topped Kelley's list of 2014 models likely to have the highest depreciation.'

How About Buying a Pre-Owned EV For 15% of Its Original Price Tag?

Kelley Blue Books estimates that a five year-old electric car may be valued at just one-sixth its original MSRP.

Published: 01-Jan-2014

NEW YORK -- Hey, have I got a deal for you -- an all-electric car. So long as you buy it used, that is.

A study for USA Today by Kelley Blue Book suggests that all-electric cars such as the Nissan Leaf could experience jaw-dropping depreciation over the first five years.

The 5-year-old Leaf could sell for only about 15% of its original sales price, while a similar Nissan Sentra SL compact, a gasoline-engine vehicle, would retain 36% of its original value.

<< PREVIOUSNEXT >>
RELATED NEWS ITEMS

Tesla Model S electric sedan will benefit pedestrians and drivers alike with addition of alert sounds at low speeds.

Whoever wrote Tom Gara's headline about regulatory issues of giving electric cars a safety sound when traveling at low speeds, thinks the quietness of EVs is a 'national nightmare.'

Lord Drayson at the wheel of an electric car 'mule'.

Drayson believes 2013 will be a pivotal year for electric cars in the UK, with the launches of the Tesla S and BMW i-series.

Virginia Governor Bob McDonnell

Governor McDonnell is proposing $100 per year fee on electric-drive vehicles, plus a $15 new car registration fee that ICE-age car owners don't have to pay.

READER COMMENTS

blog comments powered by Disqus