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 😓
You’re assuming they paid $48K.
Used prices follow new. New “$50K” 2023 ID4 Pro Ss are selling for as much as $5K off MSRP right now between dealer discounts and VW incentives. After the $7500 fed tax credit, that makes them $38K net less any state incentives.
If a brand new ID4 Pro S is only $38K, what do you expect a 1-2 year old used one to sell for?