It’s a Great Time to Buy a Used Electric Vehicle

For car shoppers who are interested in trying out electric-vehicle technology but who don’t have Tesla money to spend, now is a great time to buy an emissions-free car for less than $15,000.

There are 3-year-old Nissan Leaf EVs to be had for a little more than $10,000, compared with the $30,000 to $36,000 sticker prices when new, according to listings.

Shoppers could spend a little more and pick up a nice used Chevrolet Voltplug-in hybrid. Even luxury green cars like the BMW i3 and Cadillac ELR are available for a fraction of their original prices, experts tell CR.

“What you have is a glut of inventory in a low-demand environment,” says Eric Lyman, chief analyst at TrueCar. “That’s why we’ve got really low values on these vehicles.”

Electric cars provide quiet, energy-efficient transportation and, often, some of the latest safety technology. They lower greenhouse-gas emissions and reduce the national dependence on petroleum. Plus, operating costs for electrified cars are lower than for their gasoline counterparts. And with fewer moving parts, EVs can be more reliable and longer-lasting than their gasoline-powered counterparts.

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