Yeah, the mark down on used cars in the US now just isn’t worth it. I looked at cars recently and a 2 year old car with 45k+ miles was like 4k below sticker for a new one across the street. And you didn’t get to pick your color or add accessories you took what they had.
These were hybrids. I think EVs used to have higher markdown because of battery life concerns, but batteries have proven to have better lifespans than expected. So I don’t know how true that is now.
You used to save 30% plus. You still can on lease returns sometimes and the warranty should continue until the mileage or time runs out.
There are still some deals out there, but yeah a 1 year old car is going to be either too expensive or risky for mechanical or some other weird reason.
Boomer advice. You’ll save $3000 and not have the original factory warranty and you’ll still have to pay for cpo.
Yeah, the mark down on used cars in the US now just isn’t worth it. I looked at cars recently and a 2 year old car with 45k+ miles was like 4k below sticker for a new one across the street. And you didn’t get to pick your color or add accessories you took what they had.
Isn’t the mark down on used EVs (not ICE) a lot more?
These were hybrids. I think EVs used to have higher markdown because of battery life concerns, but batteries have proven to have better lifespans than expected. So I don’t know how true that is now.
It still seems to be holding currently. EVs depreciate like crazy in USA - https://autos.yahoo.com/ev-and-future-tech/articles/aaa-ran-evs-hybrids-gas-191800888.html
You used to save 30% plus. You still can on lease returns sometimes and the warranty should continue until the mileage or time runs out.
There are still some deals out there, but yeah a 1 year old car is going to be either too expensive or risky for mechanical or some other weird reason.
You’ll save a lot more on EVs - https://autos.yahoo.com/ev-and-future-tech/articles/aaa-ran-evs-hybrids-gas-191800888.html
OK non-boomer