I was looking at used Evs and I keep seeing 1 or 2 yr old VW id4s with very little miles for like $25-30k. Is there a reason why they lose their value so quickly? I even saw a 2022 Pro S with 2k miles for $28k. Someone basically lost $20k driving it off the lot 😓

  • jersey_dude88@alien.topBEnglish
    1·
    10 months ago

    Supply and demand… non Teslas are not in demand… so, price will plummet. The car is only worth what someone else is willing to pay for it. If nobody wants it then it’s worthless. I own both Tesla and KIA EV6 / Soul EV. I just sold an early model 3 in less than 2 days. Demand for Tesla is definitely higher than any other manufacturer.

    • sarhoshamiral@alien.topBEnglish
      1·
      10 months ago

      To be fair, Tesla’s lost similar amount of value just based on price reductions on new vehicles. A used Tesla can’t cost more then a new one including federal rebates today since inventory is not in short supply anymore.

      Tesla adjusts their MSRP monthly based on market conditions, for other cars you have to shop to learn about manufacturer incentives which can be a pain to deal with.

    • Harman-audio@alien.topBEnglish
      1·
      10 months ago

      r/electric cars is anti Tesla btw. Ignoring the fact that Tesla sells more than all brands combined.