Discover the advantages and disadvantages of used EVs as well as what you need to know about charging.

Are you curious about buying a used EV but unfamiliar with how they compare to traditional cars? Keep reading for a brief overview of the advantages and disadvantages of used EVs, and pointers on EV range and charging time.

Advantages of a used EV

Buyers of used EVs benefit from several advantages over traditional cars. First, EVs have fewer moving parts than a vehicle with a combustion engine which means less chance of breakdown and less maintenance is required.
Second, EVs eliminate gasoline expenses. Though you will still have to pay to recharge the electric battery, the cost is much lower. No gasoline usage also means no tailpipe emissions, helping to keep pollutants out of the environment.
A third advantage is a smoother, quieter ride. EV motors don’t generate the noise and vibration that gas-powered cars and trucks do. Instead, EVs operate with a hushed hum. The wide battery structure that forms the base of the car provides the feeling that the car hugs the road. Many drivers also report that they like the immediate torque that electric motors provide for a surge of power.
Last but not least, EVs have a significant cost savings. Geotab calculates that EV owners save $15,900 over the life of the vehicle

Disadvantages of used EVs

One disadvantage of buying a used EV is that battery performance diminishes over time. According to the latest research by Geotab, EV batteries degrade 1.8% per year on average. Still, after 12 years, EV batteries retain over 80% charging capacity.
If you need a new battery due to the diminished performance or damage due to an accident, it will be a pricey fix. An EV battery pack replacement will range from $7,000 to $30,000, depending on the model.
A potential disadvantage of EVs is their range. A range of 250 miles may be fine if your regular drives are relatively short and you can recharge at home. If you like to take road trips, you may find recharging times inconvenient.

Where will you charge your EV?

EV charging stations are not as common as gas stations. If you anticipate recharging away from home, learn where nearby charging station are located.
If you plan to charge your EV at home, determine if a standard 110-volt outlet will serve your needs or if it’s desirable to upgrade to a dedicated home EV charger that will replenish battery energy faster. If you need to make electrical upgrades, factor this cost into your budget.

What is the car’s range and charging rate?

Before you buy, match potential EVs with your needs. Look at your daily driving in relation to the car’s range as well as its charging rate.
EV range varies among makes and models. Cars older than five years will have less range than their newer counterparts.

Buying an EV

Buying an EV works just like buying a traditional cal. Take it for a test drive. Ask questions about the car’s history and maintenance, and look for red flags, like misaligned body parts and the smell of mildew.
When you find an EV you want to buy, check out the auto loans at Consumers. We offer car loans at competitive rates with no penalties for prepayment

 

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