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 😓
Because a lot of happy owners will ditch their cars instantly with delivery of the new generation ID4. They receive Software 4.0 and the more efficient motors meaning a significantly better charging curve and range.
which is why I plan to lease EVs for the time being, it also helps me to get the credit which isn’t available to me normally but there are improvements every ~6 months nearly so I really don’t believe my cars value will be above its residual amount at the end of the lease.
Nissan is leasing Ariya with a 65% residual value for a 3 year lease. There is no way it is going to be valued as such in 3 years.