Quote:
Originally Posted by Dbone
I wish Porsches depreciated. If they did, I'd probably get a 991.2 but they don't, so M2 it is.
It obviously just depends on the model. Luxury SUVs and Luxury Sedans get wrecked because the people who want them want new ones. If you can't afford a new one then you're better off getting a new 2nd tier. If you want value then you get a used 2nd tier or below.
Resale on EV's is abysmal. 49% depreciation in 5 years on average.
https://www.iseecars.com/cars-that-h...ir-value-study
Maybe this source is garbage... I haven't seen them before. |
This is what gets me. I looked at a model S the guy was going to get $38k for a trade in on a 2018 I think it was. Thats over 60% depreciation in 5 years. That is a lot of gas. I was all about a cybertruck when it was first announced but once I realized I cant pull my boat the distance I need to with the electric trucks I will just stick with my F150 and keep driving it.
The depreciation of the EV I cant see how it breaks even with ICE maintenance costs. There must be studies at this point to show the differences. It seems new ICE cars these days need very little done to them in the first 100k and I dont see the cost savings of EV vs gas balancing out the depreciation.