Summary
- Electric vehicle market offers low-cost options for used vehicles
- Importance of one owner for well-maintained used Tesla vehicles
- Model S with 250,000 miles available for less than $10,000
- Potential battery replacement costs for used EVs
- Tax credits for used EV purchases may still be available, depending on location and income level
Article
The electric vehicle market offers the possibility of purchasing a low-cost used EV in good condition, making them more accessible to a wider range of consumers. A 2019 Model S Standard Range (Raven) with 250,000 miles was purchased for less than $10,000, showcasing the potential for great deals on used electric vehicles. The vehicle was found to be in good condition, with well-maintained interiors and features like FSD and LED lights in working order.
Despite the high mileage, the battery degradation was estimated to be around 15-17%, making the vehicle suitable for daily commuting rather than long road trips. The charge rate was acceptable, taking about 3 hours for a full charge, making it a practical option for day-to-day use. The Model S also had some beneficial upgrades and features, such as a beneficial suspension upgrade and a vertical console screen for extra passenger space.
One important factor to consider when purchasing a used EV is the potential cost of battery replacement. While a full battery replacement may cost between $12,000 to $22,000, the costs are expected to decline in the future, making replacements more affordable. Some models of the Model S come with unlimited mileage warranties, potentially reducing the cost of battery replacements for buyers.
The availability of affordable used electric vehicles is increasing, providing more options for consumers with budget constraints. Prices for similar 2019 Model S vehicles range from $20,000 to $30,000, showcasing the great deal that was obtained by purchasing the vehicle for under $10,000. As the market for used EVs expands, more affordable options will become available to a wider range of consumers, disproving the notion that driving an electric vehicle is only for the wealthy.
For some consumers who may have reservations about supporting the company’s CEO, purchasing a used Tesla can be a way to avoid such concerns. Buying a used Tesla ensures that the money spent does not go directly to the CEO, providing a solution for those who may not want to support the company’s leadership. With the increasing availability of used electric vehicles, consumers have more options to choose from and can find a vehicle that fits their budget and preferences.
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