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Values Of Used EVs Plummet, As Dealers Stuck With Unsold Cars
Watts Up With That? ^ | 9/24/2023 | Paul Homewood

Posted on 09/24/2023 10:21:05 PM PDT by fireman15

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To: fireman15

im gonna wait until they are giving them away

and then i will say

no thanks


21 posted on 09/24/2023 11:33:06 PM PDT by joshua c (to disrupt the system, we must disrupt our lives, cut the cable tv)
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To: webheart
One reason I don't plan to sell my EV is that it has a lifetime warranty on the battery which is not transferable.

That was a very wise decision on your part. The batteries do not last forever especially if you frequently charge it beyond 80% or discharge it to less than 20%. Without the warranty by the time your battery has gone tits up it would likely not be worth replacing.

22 posted on 09/24/2023 11:43:38 PM PDT by fireman15 (Irritating people are the grit from which we fashion our pearl. I provide the grit. You'e Welcome.)
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To: fireman15

With a used gas car you can repair an engine but not an electric battery powered one. You would wonder if that electric car will explode in flames just sitting there in your garage or while driving. Bad enough worry when brand new!


23 posted on 09/25/2023 12:10:07 AM PDT by minnesota_bound (Need more money to buy everything now)
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To: fireman15

Then there’s THIS:

https://freerepublic.com/focus/f-chat/4184721/posts

And the older the battery is, the more likely it’s going to set itself on fire.


24 posted on 09/25/2023 12:21:58 AM PDT by Chad C. Mulligan
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To: fireman15

25 posted on 09/25/2023 12:36:47 AM PDT by Vendome (I've Gotta Be Me https://youtu.be/wH-pk2vZG2M)
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To: fireman15

I am so happy I got rid of my hybrid a couple months ago, at the time they gave me more in trade than I paid for it.


26 posted on 09/25/2023 12:38:59 AM PDT by Reno89519 (DeSantis 2024. Successful Governor, Honorable Veteran, Respectful, Respected. No Baggage, No Drama.)
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To: fireman15

Amazing the work you did. My ‘98 Taco was knocking a few years ago so I, without knowing what the hell I was doing, poured some kind of liquid metal in a can I had onto one of the broken spark plug harness wires that attached to the spark plug within the engine block. The old plug had been frozen in there and I had broken the harness in the process of replacing the plug. Then I replaced all four of the garden variety plugs that were in there, with dual element ones. When I hit the ignition the engine ran like a freaking Swiss watch. And the improved acceleration is still to this day not to be believed. Serendipitous I guess, since I have no auto repair experience whatsoever. I mean that. Kudos to you who do.


27 posted on 09/25/2023 12:47:33 AM PDT by 4Runner
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To: fireman15
Most new EVs go either to Business/Fleet purchasers, or rich, virtue signallers. Neither sector is interested in buying second hand EVs.

The people I know who bought the first EV's now have internal combustion cars and only a golf carts with a lithium batteries...

28 posted on 09/25/2023 1:08:46 AM PDT by GOPJ (President Trump: ‘How much of a kickback does Crooked Joe Biden get?’ (ransom payment Iran))
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To: webheart

There are use cases that make sense. The problem we have is that Democrats are using the EPA to jam them down everyone’s throat, free market be damned, in what will become a central planning nightmare if allowed to continue.


29 posted on 09/25/2023 1:10:39 AM PDT by FreedomPoster (Islam delenda est)
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To: fireman15

I was just throwing numbers out there as an example. Your mileage may vary, of course. My point, though, was that the typical car buyer has enough experience with gasoline-powered cars to have at least a rough idea how to value used cars. With EVs, it’s more like a black box. Few really have a grasp of how long EV batteries will last or how much repairs/replacement will cost


30 posted on 09/25/2023 1:15:19 AM PDT by irishjuggler
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To: epluribus_2

At this point, given the horrible car market, if my car’s transmission is shot, I’ll just fork over the 3 to 4 k, because that’s much better than selling the house to replace a vehicle.


31 posted on 09/25/2023 1:29:24 AM PDT by Tolerance Sucks Rocks (FBI out of Florida!)
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To: fireman15

I have the car I need and like. But if someone gave me $30000 that I had to spend on an automobile. I would buy a plug-in hybrid. These have smaller and lighter batteries. Smaller ranges on electric. 40-100 miles.

With these you do not need to buy a $2000 home charging station. Instead, you plug it into a 220 volt outlet at night and whenever you are home. This 70 mile range will get you around town and to your job. And you always have your gasoline powered engine in reserve and for long trips.
___________________

2023 Toyota Prius Prime
$32,350 | Overall Score: 8.1/10
The Toyota Prius is synonymous with efficiency, and the plug-in hybrid Prime model is a sharp, well-equipped package that stands out among its peers with an affordable price, comfortable cabin and solid list of features. It’s fully redesigned for 2023 with better efficiency, more power and fresh styling.

With an electric range of 44 miles and an EPA rating of 52 mpg combined with the gas engine in use, the Prius Prime is simply one of the most efficient cars you can get at its price. A 2.0-liter four-cylinder engine, two electric motors and a lithium-ion battery pack produce 220 horsepower. Front-wheel drive and a continuously variable automatic transmission come standard.


32 posted on 09/25/2023 1:47:50 AM PDT by dennisw (Never attribute to incompetence & stupidity, that which is adequately explained by malice)
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To: dennisw

I payed $3,200 for my 1997 ford ranger ten years ago. Runs like a top, i can do most upkeep myself. I think i’ll keep it.


33 posted on 09/25/2023 2:08:15 AM PDT by exnavy (Grow your faith, and have the courage to use it.)
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To: fireman15

We simply live is stupid times.


34 posted on 09/25/2023 2:13:26 AM PDT by joma89 (Buy weapons and ammo, folks, and have the will to use them.)
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To: Lockbox
Some people are changing out good batteries for weak ones, then selling the car to unsuspecting buyers. They take the good batteries and sell for vehicles needing a battery.

This is no different than someone stealing your wallet or your car. These people should be prosecuted to the full extent of the law (which, unfortunately, doesn't appear to be much these days..).

35 posted on 09/25/2023 2:18:55 AM PDT by neverevergiveup
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To: dennisw

you plug it into a 220 volt outlet at night

How many of those do you have? I only have 2. One for the stove and one for the dryer.


36 posted on 09/25/2023 2:32:33 AM PDT by Adder (End fascism...defeat all Democrats.)
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To: BobL

“who faked a limp”

Nice detail. How do you know he faked a limp? It would have been a clue to doubt the veracity of the used car dealer. I think the credibility of used car salesmen has climbed above congressmen and journalists though.


37 posted on 09/25/2023 2:41:19 AM PDT by DeplorablePaul
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To: fireman15
Without the warranty by the time your battery has gone tits up it would likely not be worth replacing.

It depends on the EV model. Tesla battery replacements are way more expensive than with Kia/Hyundai EV’s batteries.

For me the decision to make one of our cars an EV came down to these points:

It was time last year to replace my wife’s car anyway.

Having one ICE car and one EV gives our long distance driving some energy security in that if the Dims mess up gas supply we can do our driving in the EV. If they mess up power supply we can do our driving in the ICE pickup. Currently gas prices are too darn high so we do most of our driving in the EV (26K miles per year).

We have further energy security by having lots of solar. I simply can’t drill and refine oil on my own to fuel my ICE pickup. But I supply 82% of the power we need through solar, including charging the EV for about 22K to 23K miles per year that are charged at home.

38 posted on 09/25/2023 2:45:54 AM PDT by Tell It Right (1st Thessalonians 5:21 -- Put everything to the test, hold fast to that which is true.)
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To: fireman15

A waste of time and resources.


39 posted on 09/25/2023 2:57:42 AM PDT by popdonnelly (All the enormous crimes in history have been committed by governments.)
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To: irishjuggler
For a gas-powered car that has say more than 100k miles, buyers might pay 20% of the new vehicle price.

You haven't gone used-car shopping lately, have you?

40 posted on 09/25/2023 2:59:29 AM PDT by grey_whiskers ( The opinions are solely those of the author and are subject to change without notice.)
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