Used Electric Vehicles - Should You Buy One?

Used Electric Vehicles - Should You Buy One?

Anas Bouargane 20/02/2020 5

More and more motorists are making the switch to electric cars due to a number of factors.

One of the major reasons that motorists are hesitant to make the change is that the cost of a brand-new electric car can be high. Fortunately, electric vehicles have been around for a while now, so it is possible to find them in the used car market which can make it much more affordable.

Is it Right for You?

Of course, buying a used car can be a tricky process and made even more complicated when buying an electric vehicle. First, you need to make sure that an electric car is right for you - this means that you need to have access to either a garage off-road parking or somewhere that you could install a charging point. Additionally, if you do daily motorway driving then you may struggle as a full charge can go much faster when travelling at motorway speeds.

What to do if it’s not?

If you decide that a used electric car isn’t for you, then you need to decide why not? Is it because you’re uncomfortable buying a used vehicle? Perhaps you’ve had a bad experience with them in the past? If so, then now might be a good time to reassess.  

There’s a big difference between buying a used vehicle from a private seller and buying one from a reputable dealer. In the first case, it’s “let the buyer beware”. This means that it’s definitely best to know what you’re doing. In the second case, you get meaningful consumer protection.

Perhaps your concern is more about electric vehicles than used vehicles. If so, then you might want to do some research before you make a final decision. Electric vehicles score very highly on overall reliability.  

Their only real potential weakness is charging. That is being addressed very quickly. If you actually look, you may find more charging options in your area than you thought. If not, however, your best option might be a regular used car.

The fact that so many people are trading their regular cars for electric ones means that there are plenty of regular cars on the used market. You can get everything from a used Vauxhall Corsa to a used limousine. Just remember that there’s still the same difference between buying from a private seller and buying from a reputable dealer.

Benefits

There are major benefits to buying a used electric car, though, which make them a great option for many motorists. Reducing your environmental impact is important but you can also make huge savings on both road and fuel tax, so it is a cost-effective solution in the long run. Additionally, there are now so many models available that you can find one to suit your needs whether you are a young professional or a large family. You might even want to treat yourself to a private number plate (see: https://absolutereg.co.uk) for a personalised touch.

Potential Problems

One of the key issues when buying a car in the used car market is batteries that keep their charge as this can deteriorate over time. It can be a major cost to replace the battery and you will want to avoid this at all costs - fortunately, you can find electric vehicles that have a battery lease or a battery warranty for peace of mind.

Finance

While it can be much more affordable to buy a used electric car as opposed to brand new it is still a major expense which is why you might want to look into finance options. If you have bad credit, there are specialists like Go Car Credit that can make it possible to get loan approval so that you can get behind the wheel of a used electric car and enjoy all the benefits.

The electric car market is growing with more and more appearing in the used car market which can make it much more affordable for people to reduce their environmental impact and reduce their driving costs.

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  • Steve Carline

    Worth every penny

  • Michael Oliver

    Good stuff

  • Anthony Atkinson

    Nailed it !

  • Robert Hunt

    Charging isn't straight forward even if you live in a house

  • Auto For Trade

    The cars are in better condition and require less maintenance: EVs have fewer moving parts than traditional cars, so there isn't much that can break down. In general, used EVs will have fewer miles on the odometer. If you are planning to buy used cars then Auto For Trade is the best platform to buy used cars online.

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Anas Bouargane

Business Expert

Anas is the founder of CEF Académie, a platform that provides guidance and support for those willing to study in France. He previously interned at AlphaSense. Anas holds a bachelor degree in applied economics from the University Paris Sud.

   

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