EV Price Discussion

[redpoint5]

I don't follow the news, but I hear that the $7,500 federal tax credit is on the chopping block. If the subsidy goes away, used prices will jump up quickly.

It seems used Leafs have come down a little since I last checked. The Model 3 just started shipping to customers, and I hear the gen II Leaf will available in January.

I'm thinking February will be a good time to buy a used Leaf assuming the federal credit isn't repealed.

Any guesses on when the rapid Leaf depreciation will end? The price I'm willing to pay for a 2013 Leaf is around $4k. Would like to get my parents into an EV soon since they rarely travel more than 30 miles, and have other cars available for when they do.

[roflwaffle]

Supposedly it's staying put, but nothing's in stone yet.

https://www.bloomberg.com/news/artic...edits-jb5dh81s

[ldjessee00]

We bought a new 2017 Leaf instead of a used one for one reason, our power company and Nissan had a program that if I proved I was a customer, I got $10k off my Leaf.

I am sure it was a joint thing, Nissan wanting to get rid of inventory before the 2018 came out and the power company thinking it would make money back on the power sold.

Then our employer (Indiana University) put a charger at the front of the building we work in and charges a flat $3/month EV parking tag (max 4 hours at the charger from 8-5). It is very convenient, you get a parking spot up front, and for the charging once week (well, now three times in two weeks with the cold), it is much pretty cheap. $9 for just under 3 months (1,700 miles). We only use it for commuting to work and grocery shopping (and other intown errands).

[redpoint5]

Originally Posted by jjackstone

Somewhere in the last few weeks I read the reason used Leaf prices are increasing is because they have become really popular in overseas{I think Europe especially). So, many dealers are buying them up here and shipping them off and still making a better profit.
Can't find the source right now but I'lllook for it.

Strange that I mostly glossed over your comment, and just now am discovering it to be quite true. I'll link the Torquenews article since the other site is a cesspool:

https://www.torquenews.com/3618/used...rices-going-up

I've been using this website to track prices. Note that you have to adjust the date range to see the dip and rise in Leaf prices.

https://www.cargurus.com/Cars/price-...san-Leaf-d2077

Prices hit bottom in March of last year, and then rose to a high in June. They are just now beginning to fall back to the low prices from early last year.


Coupled with this...

Originally Posted by oil pan 4

I think when the new supply drys up and gas goes over $3.50 a gallon and everyone gets caught with their pants down driving something that get 15mpg all of a sudden EVs will get expensive again.

You called this one. Fuel prices are up, conspiring to ruin my perfect timing on a used EV.

Model 3 production should hit a good stride within a month, and Nissan is advertising the Leaf 2.0, so I assume they are now available. I would think this would drive down the price of gen I EVs, but I'm just not seeing that yet.

Perhaps fuel prices will go back down over the winter, making next January an opportune time to pick up a used EV?

I've been using this site to search multiple auto listings:

https://www.autotempest.com

[redpoint5]

Seems used EV prices bottomed out Feb of 2017, rose a bit, and are mostly holding steady.

I wonder if the tax credit phase out is already holding used EV prices steady, and if the value might actually rise again like it did in 2017.

[Snax]

Given that year over year demand for all of them has continued to rise, I think that will be the case for models that continue production past the credit window. BUT, new EVs on the market could tamp that down significantly, providing massive range improvements at prices comparable to 5 years ago when adjusted to inflation. (I have not actually done the math on that, but that is my sense of it.)

[oil pan 4]

Originally Posted by redpoint5

Seems used EV prices bottomed out Feb of 2017, rose a bit, and are mostly holding steady.

I wonder if the tax credit phase out is already holding used EV prices steady, and if the value might actually rise again like it did in 2017.

I'm going to steal the heck out of that leaf graph.

[redpoint5]

Originally Posted by oil pan 4

I'm going to steal the heck out of that leaf graph.

No need to steal it. Make any graph you want from the data here:

https://www.cargurus.com/Cars/price-trends/

[oil pan 4]

I didn't know that they had that option.
I just figured you found it some where.
It does explain why there was no 2016 or 2017 data.

[redpoint5]

Whoops, missed a couple check boxes for the '16 and '17. Gives a pretty good trend though, and all of the EVs I checked had similar trends.

There's something funny going on with regard to demand being higher for used EVs now. I was planning to buy one this year, but whenever I feel uncertain, my default is to hold off.

I'd probably be willing to pay $15,000 for a used Bolt, but we're a very long way off from them reaching that price if this trend continues.