Used Electric Vehicles: 5 Things to Know Before You Buy!

Thinking about a used electric vehicle? Learn the 5 key things you need to know before buying to save money and go green!

The popularity of electric vehicles (EVs) continues to surge in 2024. This is due to a combination of factors, including growing concerns about climate change, decreasing EV prices, and increasing availability of used electric vehicles. While the allure of lower emissions and potential cost savings is undeniable, navigating the used electric vehicle market requires careful consideration. Here’s what you need to know before making a purchase:

Battery Life: The Heart of the Matter

The biggest factor impacting the value of a used electric vehicle is its battery health. Unlike traditional gasoline vehicles, where the engine might degrade over time, used electric vehicles face the challenge of battery degradation. This means a used electric vehicle might not deliver the same range as a new model.

Here’s what you need to understand:

• Battery Capacity: Batteries are rated by their capacity (usually measured in kilowatt-hours). A lower capacity means less range.
• State of Health (SoH): This measures the battery’s overall performance. A 100% SoH indicates a new battery, while a lower percentage means a degraded battery.
• Range Impact: Battery degradation directly impacts the vehicle’s range. A battery with a 70% SoH might only achieve 70% of the original range advertised for the vehicle. Electric Vehicle Batteries

Tips for Assessing Battery Health:

• Independent Inspection: Have the battery checked by a certified technician. They can use specialized equipment to measure SoH and assess its overall health.
• Review Vehicle History Reports: Services like Carfax or AutoCheck can provide details on the vehicle’s maintenance history, which might include battery health assessments.
• Ask About Warranty: Some used electric vehicles come with warranties covering the battery.

The Charging Infrastructure Landscape:

One of the biggest concerns for potential used electric vehicle buyers is access to charging infrastructure. While public charging networks are expanding rapidly, coverage isn’t always uniform, especially in more rural areas.

Here’s what you need to know:

• Home Charging: Most EV owners charge their vehicles at home overnight. This is the most convenient and often the most affordable option.
• Public Charging Stations: These stations are increasingly common, but access may vary depending on your location.
• Level 2 vs. Level 3 Charging: Level 2 chargers offer faster charging (about 4-6 hours for a full charge), while Level 3 (DC Fast Charging) can provide an 80% charge in 30 minutes or less.
• Charging Station Apps: Apps like PlugShare and ChargeHub provide real-time information on charging station availability, pricing, and compatibility. Charge Strategies for Long-Distance Travel with Electric Vehicles!

Tips for Evaluating Charging Infrastructure:

• Map Your Commute: Identify charging stations along your regular driving routes.
• Consider Home Charging: If you can charge at home, it will make owning a used electric vehicle much more convenient.
• Understand Charging Speed: Determine if the vehicle’s charging port and the available charging stations are compatible.

Staying Ahead of the Curve: Technology and Updates

Electric vehicle technology is evolving rapidly. This can pose a challenge when considering a used electric vehicleas you may be missing out on features or improvements found in newer models.

Here’s what to consider:

• Infotainment Systems: Newer EVs often have advanced touchscreen infotainment systems with features like navigation, music streaming, and smartphone integration.
• Driver Assistance Systems: Features like adaptive cruise control, lane-keeping assist, and automatic emergency braking are becoming more common in newer vehicles.
• Over-the-Air (OTA) Updates: These allow for software updates to be downloaded directly to the vehicle, potentially enhancing features and fixing bugs.

Tips for Evaluating Technology:

• Research the Year and Model: Understand what features were available for the year and model of the used electric vehicle you’re considering.
• Test Drive: Experience the vehicle’s infotainment system and driver assistance features to see if they meet your needs.
• Inquire About OTA Updates: Check if the vehicle is eligible for over-the-air updates.

Used Electric Vehicle Inspection: Don’t Skip the Checkup

Just like with any used car purchase, a comprehensive inspection by a qualified mechanic is essential. This helps to ensure that the used electric vehicle is in good working order and that any potential issues are identified.

Here’s what the inspection should cover:

• Battery Health: The mechanic should test the battery’s capacity and SoH to determine its overall health.
• Electrical Systems: The entire electrical system should be inspected, including the charging port and wiring.
• Mechanical Components: The mechanic should check the brakes, suspension, tires, and other mechanical components.
• Body and Interior: The vehicle’s exterior and interior should be examined for signs of damage.

Tips for Finding a Reliable Mechanic:

• Ask for Recommendations: Get recommendations from friends, family, or other EV owners.
• Check Credentials: Ensure the mechanic is certified to work on electric vehicles.
• Insist on a Written Report: Request a detailed report outlining the findings of the inspection.

Used Electric Vehicle Market: Finding the Right Deal

Finding a good deal on a used electric vehicle requires careful research and negotiation. Here’s a breakdown of the key factors to consider:

• Pricing: Used car websites, dealerships, and private sellers will offer a range of prices for similar used electric vehicles. Compare prices and get multiple quotes.
• Warranty: Some used electric vehicles come with a manufacturer’s warranty that might cover the battery or other components.
• Condition: A used electric vehicle with a higher SoH and fewer miles will likely be more expensive, but it may be worth the investment.
• Negotiation: Be prepared to negotiate the price based on the vehicle’s condition, mileage, and the current market conditions.

Tips for Negotiating a Price:

• Research Market Value: Use resources like Kelley Blue Book or Edmunds to determine the fair market value for the vehicle.
• Highlight Issues: If the inspection reveals any issues, use this as leverage during negotiations.
• Be Prepared to Walk Away: Don’t be afraid to walk away from a deal if you don’t feel comfortable with the price or the overall condition of the vehicle.

The used electric vehicle market is dynamic and evolving. While owning an EV is a fantastic way to embrace sustainability and potentially save money, it’s important to approach the purchase of a used electric vehicle with a thorough and informed approach. By understanding the factors discussed above, you can make a confident and informed decision that aligns with your needs and budget.

Let us know your thoughts on the used electric vehicle market. Have you bought or are you considering buying a used electric vehicle? Share your experiences and advice in the comments below!