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Considering a used electric vehicle? Here's a depreciation and checklist guide to help you make an informed decision.

Considering cost-effective electric vehicles? A second-hand model could be a viable option, but there are a few important aspects to take into account prior to purchasing.

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"Considering a used electric vehicle? Depreciation factors and buying checklist"
"Considering a used electric vehicle? Depreciation factors and buying checklist"

Considering a used electric vehicle? Here's a depreciation and checklist guide to help you make an informed decision.

When considering a used electric vehicle (EV), it's essential to approach the search with a clear understanding of your individual needs. Factors such as space, equipment, and preferred driving range should be at the forefront of your decision-making process.

Essential Considerations for Used EVs

  1. Battery Capacity and Condition: Assessing the battery's health is crucial. A professional inspection can help ensure the battery is in good working order and provide an estimate of its remaining lifespan.
  2. Driving Range and Charging Technology: Determine your daily driving requirements and choose a vehicle with a battery capacity that can comfortably meet those needs. Additionally, familiarise yourself with the various charging technologies available, such as Type 2/CCS2, CHAdeMO, and Type 1/CCS1.
  3. Charging Infrastructure: Verifying where and how the vehicle will be charged is vital. Understand the availability of charging stations in your area and consider the charging speed and equipment that comes with the vehicle.
  4. Vehicle History and Battery Health: Ensure the seller provides detailed information on the vehicle's history and battery health. A comprehensive understanding of the car's past can help you make an informed decision.
  5. Professional Inspection: Having a professional inspection can help minimise risks and provide peace of mind.
  6. Additional Features: The availability of software updates, driver assistance systems, and infotainment features also influence the value and usability of a used EV.

Other Important Factors to Consider

  1. Tyre Health: Inspect the tyres for even wear. If the tyre grooves are not on the same level as the built-in nub, or the tread depth is shallower than the front bill of a 20-cent coin, the vehicle may require new tyres.
  2. Brake Corrosion: Electric cars, despite their regenerative braking systems, can still experience brake disc corrosion due to infrequent use. Inspect the brake discs behind each alloy wheel for signs of brown rust. Intense rust may require a disc replacement.
  3. Imported EVs: Imported EVs can offer a more affordable option, but they typically have less standard features and may not enjoy the same manufacturer warranties, servicing, and support as locally-available models.
  4. Australia's Used EV Market: Australia's used EV market is still in its infancy but is poised for growth as EV sales increase, new models arrive, and prices drop in the second-hand market.
  5. Is it Time to Make the Electric Switch?: EVs are not for everyone just yet, but they're right for most. Battery longevity, servicing, and true sustainability remain key perceived issues. For more information, check out our Electric hub guides.
  6. The Road Ahead: As the tide turns in favour of electric driving, it's important to look for signs of a well-cared-for EV, understand your daily driving needs, and become familiar with the concept of charging. The future of electric vehicles in Australia is promising, and the benefits are becoming increasingly apparent.

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