Used EVs are a Bargain Right Now
For those looking to get into their first EV, prices are low and this is a great time to buy! With more electric vehicles entering the market and consumers eager to upgrade to newer models with longer ranges and improved features, the prices of used EVs have dropped significantly. This presents an excellent opportunity for budget-conscious buyers to enter the electric vehicle market at a reduced cost compared to buying a new vehicle. However, it is important for buyers to thoroughly research the history and condition of the used EV they are interested in to ensure a wise investment.
Used Chevy Bolts, Tesla Model 3s and Ys, and VW ID.4s are some of the best deals you can find right now if you’re looking to drive electric or add another EV to your garage! Some of the best prices can be found on fleet vehicles, like those from Hertz. Be sure to have any vehicle evaluated before purchasing; some fleet cars can be quite used and abused! To help make the buying process more straightforward, used car sellers like Carvana and Hertz Car Sales now have filters and indicators to make it easy to see if an EV would qualify for the the used clean vehicle credit.
If you’re looking to buy via private sale, something like KeySavvy may be a great option. KeySavvy is an online car sale service that facilitates the process of selling a vehicle by being a payment and title transfer platform. Sellers can list their vehicle for sale on any marketplace (like Facebook or OfferUp) and include their KeySavvy payment link in their ad. Once they find a buyer and agree on a price, they can then use KeySavvy to complete the sale securely and easily. KeySavvy aims to make selling a car simpler and more convenient for both sellers and buyers by providing a user-friendly interface and valuable tools to facilitate the transaction. You can get the used EV tax credit when buying private, as they use their dealer license to enable private party sales to qualify for the used EV tax credit. Buyers and sellers each pay a fee of $99. If the vehicle has a loan, KeySavvy charges an additional $99 to pay off the loan as part of the sale.
To help make your used purchases more secure, EVA members get access to a free battery health report from Recurrent: they provide transparency so you can have confidence in an electric car and its battery — whether you're an EV owner or shopper. By comparing your electric vehicle (or one you’re looking at) with similar models, years and batteries gives you confidence in battery health along with personalized tips on how to improve it. You can also use the Used EV Guide from Recurrent to help your search. Hertz Car Sales even posts the Recurrent score on some models listed on their site!