Posted on 11/27/2013 10:11:57 AM PST by NormsRevenge
When it comes to resale value, electric vehicles don’t hold their charge.
Electric cars lead our list of the cars and trucks that lose their value faster than average. Also ranking poorly are some big-ticket luxury cars, and, not surprisingly, older, lame-duck vehicles that are late in their product life cycle and about to be replaced.
On a list of predicted residual values for 2013 models produced by ALG Inc., the bottom three examples are the battery powered Nissan Leaf; the Lincoln MKS, a more upscale, expensive cousin to the Ford Taurus; and the Mercedes-Benz CL Class, a two-door version of the flagship S Class sedan, which is about to be replaced.
All are predicted to retain about 36 percent of their original sticker price after 36 months, according to ALG.
(Excerpt) Read more at forbes.com ...
Considering the cost of the batteries and the 100,000 mile waranties, who wants to buy a used one with 80K on it?......
Fire does cause very rapid depreciation.
No one would have guessed it.../s
Maybe liberal liars can get a company to gather ‘good news’ stories about this situation. Like they’re attempting to do with Obamacare.
It might get the stock turned around..
they might even be able to eat some profit.
Time for a fire sale.
Yep. The minute you drive one off the lot, it’s likely you’ll have to eventually PAY someone to haul it off because it’s so full of toxic substances.
Maybe liberals can pay a PR firm to gather ‘good news’ stories about this situation. Like they're attempting to do with Obamacare.
The batteries have a limited life - and replacement is in the thousands of dollars. Sure lots of folks want to take on that lemon... errr used-up car... I mean ‘responsibility’... or ‘joy’ of being environmentally sound... (if Al Gare were telling the truth - which he's not)
Oh well, Slate thinks it's a myth...
Some depreciate faster than others................
You mean like the 16 or so $100k plus Fiskar Karmas that burned during Hurricane Sandy? Can't even leave that crap out in the rain.
Rosie O'Donnell was heard to comment on the Fiskars. "George Bush made that happen. Since when does fire burn steel in the middle of a hurricane? I mean really now!"
I’d say most of those cars were overpriced to begin with.
A couple of them would be a good buy for a used car, if you could pick one up for the prices they indicate.
Wow!...What a shock!...No pun intended!
Well imagine that!
I was at Whole Foods yesterday and there were 2 parking spaces, closest spaces to the front door, where you can charge your electric car.
I have been wondering what does it cost to charge up your car?
Wow. Gas-based cars never catch fire!
(/sarc)
>> Hey, maybe Elon can market a portable electric BBQ..
HA!
But the folks I know swear that barbecuing over LiO2 gives the meat a funny taste...
I’m sticking with clean-burning diesel in MY barbecue.
Battery pack for 2001 Prius from Oreilly’s $2119.99 for aftermarket part.
Wow! Just wow.
Seriously, if this is some sort of shadenfreude against electric car owners, forget it. From the article:
“Residual values are expressed as a percentage of the original sticker price. If the sticker price is high – like it is for EVs and for really expensive luxury cars – that makes it tougher percentage-wise.
“In addition, electric vehicles come with a federal tax credit of $7,500. For all intents and purposes, that comes straight off the sticker price. However, to be consistent with other cars, analysts don’t factor in the tax break when calculating residual values. EVs like the Nissan Leaf would perform a lot better in residual values if the tax break were factored in.”
In other words, an electric vehicle owner takes crap because instead of comparing the $10,000 retained value to the $23,000 he paid for the car, the metric compares the $10,000 value to the $30,000 pre-rebate cost of the car.
Also, there is this:
“So-called “range anxiety” is an issue. The market for used EVs is even more problematic.”
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