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Originally Posted by ThePrudentNinja
Never seen a $20K vehicle sell for $5K within a few years. Usually seems to take a decade unless something is SERIOUSLY wrong with it.
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That's where the market is seriously screwed up with respect to electric cars. The best deal out there is a used 2012 Mitsubishi i-MiEV for $6500-$8500.
These cars were as high as $35000 three years ago, but since then Nissan has pushed a race to the bottom on EV MSRP and new buyers are incentivized by the $7500 federal tax credit, which makes most EVs cash-flow positive in year one, and crazy $99/$199 lease deals are now flooding the market with late model used EVs.
A LEAF can be had for barely more than $12k. Mitsu has a smaller battery capacity with superior design and longevity, though Nissan has largely made up for their engineering shortcomings with a guaranteed $5k battery replacement offer that Mitsu remains mum on.
We're talking about near zero maintenance vehicles that are the most efficient cars ever and are more fun to drive daily than anything with an engine, but most buyers are too dim to realize that an EV could work for them.