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 😓
To be fair, Tesla’s lost similar amount of value just based on price reductions on new vehicles. A used Tesla can’t cost more then a new one including federal rebates today since inventory is not in short supply anymore.
Tesla adjusts their MSRP monthly based on market conditions, for other cars you have to shop to learn about manufacturer incentives which can be a pain to deal with.