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 😓
Well with any car, you historically lose 20% by driving it off the lot. With EV’s the loss is greater because the technology advances faster.
If you like the idea id.4 and don’t plan to sell, don’t worry.
Before COVID cars didn’t lose 20% off the lot, that’s more of a myth. Realistically it was around 5% ( I used to work at a dealer )