Don't buy that
If you’d asked me 3 years ago, I’d have said don’t buy a second-hand electric car.
But the electric vehicles market has come a long way in the past few years, so my advice now? Looks a little different.
In fact, I’d go so far as to say that second-hand electric cars can now be a fantastic option if you’re looking for value for money from your vehicle. Here’s why:
- There’s a growing number of small and affordable second-hand electric cars, perfect for short to medium length commutes like work or the dreaded school-run.
- 8-year warranty on lots of electric batteries, a welcome change to the 3- to 5- year warranty that petrol and diesel batteries offer.
- Battery degradation per year is only 1.8% on average (and can be as low as 1%), leading to only a small loss in range.
- You can be paying as little as £120 a month on an electric car with a £2,000 deposit, making them a very cost-effective option.
- It’s cheaper to charge an electric car than to refuel a petrol or diesel one (especially if you have a charger at home).
- Electric cars are cheaper to maintain and service as they have fewer moving parts.
- Electric vehicles tend to hold their value better than combustion engined cars, guaranteeing you more money back if you sell in the future.
Quite a few pros now, compared to how things looked only a couple of years ago. Of course, for the pros, there’s no denying that for some people, there will be some cons to switching to electric.
Best thing to do if you’re interested in switching is to pick up the phone and give James a ring – he’s been doing a lot of homework on this stuff so his knowledge is huge.
And watch the recent 5-minute chat I had with him on all things electric here. (Scroll down the page to click on each video).
Let me know if you have any questions about anything EV!
Ian
P.S. Here are some of the electric vehicles we’ve got up for sale at the minute