Summary
- PHEVs have been around for a while and many are now available on the used car market
- Before buying a used PHEV, it is essential to consider factors such as charging options, eligibility for federal tax credits, and battery warranty
- PHEVs can be efficient when charged regularly, but may lose all-electric range in cold weather
- Testing battery degradation and ensuring proper service history are important when buying a used PHEV
- Software updates and the overall need for a PHEV should be carefully evaluated before making a purchase
Article
Buying a Used PHEV: What You Need to Know
Plug-in hybrids (aka PHEVs) have been around for a while now, with many cutting-edge vehicles from a few years ago now becoming available on used car lots. While the prospect of purchasing a used PHEV may be tempting, it also comes with some potential challenges and uncertainties. PHEVs are more complicated than traditional combustion cars, which means buyers may encounter complications they are not familiar with. Some high-profile PHEVs have experienced recalls and reliability issues, and the battery technology and market are constantly evolving, making it hard to predict how PHEVs will age and how much value they will hold in the future.
Considerations When Purchasing a PHEV
Before making the decision to purchase a used PHEV, there are several critical questions that prospective buyers should ask themselves. One of the first questions to consider is how you plan to charge and drive the PHEV. While PHEVs can offer the best of both worlds on paper, the reality may be different when it comes to actual usage. The optimal environment for a PHEV, such as short trips with convenient plug access, overlaps heavily with the ideal use case for an electric vehicle (EV). If a buyer has legitimate concerns that would preclude them from owning an EV, such as long commutes or road trips, a conventional hybrid may be a more suitable option.
Federal Tax Credit Eligibility
Another important consideration when purchasing a used PHEV is whether the vehicle is eligible for the federal tax credit. For now, used plug-in hybrids can still qualify for a federal clean vehicle tax credit worth up to $4,000, provided that the vehicle and buyer meet certain criteria. The PHEV must be sold from a dealer, priced at or below $25,000, and be at least two years old. Additionally, the battery pack must have a capacity of at least 7 kWh and a GVWR under 14,000 pounds, and the buyer’s income must fall below specified thresholds.
Battery Warranty and Degradation
One of the key components of a PHEV is its battery, so it is essential to consider the battery warranty and potential degradation when purchasing a used PHEV. While battery replacements are rare, they can be costly if needed. Most PHEVs come with bumper-to-bumper and powertrain warranties similar to combustion vehicles, along with extended battery warranties that can provide peace of mind to buyers. Battery degradation is a natural occurrence in all batteries, but PHEV batteries are designed to be resilient and should remain in the usable range past 100,000 miles.
Cold Weather Performance and Service History
In cold weather, both full EVs and PHEVs can experience a loss of electric range due to the challenges of efficiently heating the cabin. Some PHEVs use electric heaters that can reduce battery range, while others run the gasoline engine for heating, impacting efficiency. It is also crucial to consider the service history of a used PHEV, as they require maintenance for both the electric components and traditional combustion engine parts. Ensuring that necessary services have been performed and that the tires are in good condition is essential when purchasing a used PHEV.
Software Updates and Conclusion
Before finalizing a purchase, buyers should check if the PHEV’s software has been updated and if the interface is functioning correctly. Many modern reliability issues are software-related, so having the latest updates installed is crucial. In conclusion, buying a used PHEV should not be a daunting task if done with due diligence. Ensuring that the vehicle meets your needs and budget, has a good service history, and is updated with the latest software can help you make an informed decision. Ultimately, the decision to buy a used PHEV should be based on whether it fits your lifestyle and driving needs, rather than just the potential savings and benefits it offers.
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