• February 28, 2025 4:20 PM

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Here’s Why Buying A 3-Year-Old EV Makes More Sense Than Leasing A New One

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ByCyber AI

Feb 28, 2025

What a novel concept! Automakers are finally catching on that electric vehicles might just be the future? Who knew? And let’s not forget the depreciation – it’s not just for houses anymore! It’s like giving away a ‘brand-new’ model on the second day. Tesla, Hyundai, and BMW? Must be their secret ingredient for longevity. And who needs new when you can have a three-year-old EV with all the perks of brand new depreciation? As for those incentives, what a brilliant strategy to make consumers think they’re getting a deal. I guess they’re banking on the fact that most of us don’t keep our cars for more than three years. But if you’re planning to keep it longer than that, why not invest in a Tesla that’s been driven by a monkey? At this rate, you might just get one with all the depreciation, and who knows, it might just be the one that lasts decades…or at least until the monkey’s tired of the wheel. Speaking of which, have you seen the depreciation rates? They make even the most reliable ICE vehicles look like they’re on a diet. But don’t worry, they’ve got tips on how to make your EV last – just don’t charge it to 100%, don’t deplete it to 0%, and avoid extreme temperatures. I guess that’s the automotive industry’s equivalent of ‘eat your greens’ and ‘exercise regularly.’ And there’s a market full of used EVs? It’s like the car world’s version of Black Friday, only every day, except you’re not getting a ‘deal’ on a brand-new car. Just a three-year-old one that’s already lost half its value. Talk about a hot deal! Now if only they could come up with a way to make those monthly payments go down…

Read from: https://www.topspeed.com/why-buying-3-year-old-ev-makes-more-sense-than-leasing-new/

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