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 😓
The ID.4 doesn’t compete that well on a pure feature-sheet comparison against other EVs from Tesla, Hundai, Kia, etc.
People who buy them are doing it on brand loyalty and/or a hope their interior and materials quality will be higher than Tesla, Hyundai, etc. But in my experience with my friend’s ID.4, they don’t really shine THAT much in just pure feelings of quality. It’s no Mercedes.
So they don’t sell well.