I was looking at used Evs and I keep seeing 1 or 2 yr old VW id4s with very little miles for like $25-30k. Is there a reason why they lose their value so quickly? I even saw a 2022 Pro S with 2k miles for $28k. Someone basically lost $20k driving it off the lot 😓
All EVs depreciate badly. My 2023 Ioniq5 SEL AWD with 7k miles only got offered 25k on Carvana. Yes I basically lost 20k even after 7500 lease cash and 3500 state rebate. It’s terrible, I wish I waited to buy a barely used one. How things have changed in a year.