Pros and Cons of Pre-Owned Electric Cars

PROS: EVs have been on the market for long enough that used examples offer a chance to drive one without paying full price. And since the cars require fewer maintenance items than gas-powered models, their overall cost of ownership is lower.

CONS: Some pre-owned electric cars have been around for only a short time, so it’s hard to know how their batteries will hold up over the years. It’s also important to consider how you plan to use the car because extreme cold and hot weather can significantly reduce a battery’s range. Moreover, the resale value of an electric vehicle may depreciate more quickly than a comparable gasoline car.

Finding Your Eco-Friendly Ride: Pre-Owned Electric Cars

EV manufacturers typically provide battery warranties lasting at least eight years or 100,000 miles, and these are transferable to a new owner. Buyers can check an EV’s warranty status using its VIN to determine if it’s still valid.

If resale value and the longevity of a battery are important to you, consider purchasing a certified pre owned (CPO) electric car. These are usually late-model vehicles that have undergone a multi-point inspection and come with a limited mileage warranty. Plus, CPO programs often include roadside assistance and other perks.