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To: irishjuggler
For a gas-powered car that has say fewer than 30k miles, buyers might pay 70% of the new vehicle price. For a gas-powered car that has say more than 100k miles, buyers might pay 20% of the new vehicle price.

Your numbers are no longer accurate in the current used car market... Look up the values of used vehicles on one of the valuations sites and compare them to the cost of new vehicles. Most types of vehicles make it to more than 200,000 miles these days. My wife and I are still driving our 2001 Astrovan which has 225,000 miles and has never had any major work done.

17 posted on 09/24/2023 11:14:07 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

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: fireman15
Your numbers are no longer accurate in the current used car market...

We have a 1998 SUV. Five years ago the blue book value was $1200. Two years ago, the value was up to $1500. Today, the 1998 SUV value is $2000.

43 posted on 09/25/2023 3:17:31 AM PDT by NautiNurse
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To: fireman15

I sold my 2006 Pontiac Vibe a few years back. 290,000 miles. A wheel bearing was the only real repair. Clutch was starting to slip when I sold it.


99 posted on 09/25/2023 9:55:11 AM PDT by cyclotic (It's a great time to live in America. It's like the collapse of the Roman Empire except with wi-fi)
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