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 😓
That’s every car and specially EVs. Polestars brand new go for $60k, wait a year or two and you can get one for $35-40k.
Some EVs just don’t have the demand. A Mercedes EQS starts at 115k and you can pickup one with 1500miles, 6 months old for 65k. Absolutely bonkers