You might think that an electric vehicle (EV) is beyond your budget, it this is not the case anymore. Currently, the UK market has some of the best-used electric cars that any family may wish to acquire for use in their daily lives. It is now possible to buy second-hand models that are three years old and even cheaper such as the Tesla Model 3 and Kia e-Niro, which can travel between 250-300 miles on a single charge for around £14,000.
Why are Used Electric Cars so cheap now?
Now, over the past year, sellers have been slashing the prices of used electric cars, making ownership affordable to most who could barely afford it in the past. New data from Auto Trader reveals that in July the average price of a three to five-year-old EV was £18,964, just £8888 shy of the £18,076 for three to five-year-old petrol cars.
Just a few years ago, there were state-of-the-art and highly effective electric vehicles that were bought brand new and used by owners and these cars cost between £40,000 and £50,000. Now, these same vehicles with an average of 60,000-75, 000 miles on the car indicate that the same make and model can be found in the used car market at much lower prices.
Which are the most affordable and cheap electric cars to buy in the UK for instance one that costs less than £15000?
David Smith of Cleevely Electric Vehicles, which is one of the largest independent dealers and repairers of electric cars in the UK, said that the market is “brimming with spectacular bargains”. Budget sensitively car dealer, suggests that the family should go for the Kia e-Niro having a battery capacity of 64kWh with a price of £14,890. Such cars give about 250 miles of range and many of them still come with multiple years of the standard seven-year warranty.
Thus, with the focus on lengthy trips and utilization of public charging infrastructure, Smith recommends getting a Tesla just to get a hold of its comprehensive system of fast chargers. However, if ‘bang for the buck’ is more important to you, then the Kia e-Niro should be your pick.
The second cost-effective model can be called the MG5 which forms the concept of the traditional estate car. These models are used widely in Cleevely Electric Vehicles and can last more than 200000 miles on the road. Taking this argument forward, Smith specifically has to convince the potential consumers that the high mileage of EVs is not a concern as many of the 60,000-mile cars have a negligible reduction in range.
Halving Your Monthly Budget: How Much Money You Could Save With a Second-Hand EV
Hour, any K car from last week’s ad was on Auto Trader several Kia e-Niros with 64 kWh battery for £ 14 000- £15 000 and with 37 000 miles. If you are willing to avoid the consumer protections that exist with purchasing from a dealer, you can find prices even lower.
Concerning the Second-hand car prices; those interested in a Tesla can find used Tesla Model 3s with an approximate of up to 100,000 miles for as low as £15, 000. It is possible to buy a newer model on the same budget for £20,000 it has only 55k on the clock. Tesla vehicles have shown durability and reliability as some of them have logged more than 440,000 miles which means that the vehicles can be used for an extended period.
But if it’s a bit more restrictive on your budget, then a used MG5 with a 61kWh battery should do the trick. Currently, it costs around £10,000 to buy a used model of the electric vehicle with 75,000 miles; the cars are capable of achieving around 200 miles per charge. From October 2021, the prices for the new MG4 vehicles involve a 64kWh battery and a range of 250 miles – to 20,000 miles with a starting price of £16,345.
Used electric cars – what should you know before buying one
Like with any EV, it’s important to think about charging when buying a used car, especially when the infrastructure is not as developed as it is in the US. For those who have a home charger, the cheapest way of charging an EV is through getting a specialist EV tariff that charges about 8p per kWh for night-time charging. However, relying on public ‘superchargers’ can be costly and somewhat expensive where some charge 79p per kilowatt hour.
Other risks that have to be taken into consideration include insurance, as electric cars are twice as expensive to insure as petrol or diesel ones. This means that one should get a full insurance quote before buying the product.
Also, check all the remaining warranties on the vehicle. Kia provides a seven-year warranty, which can be up to 100,000 miles, while the Tesla Model 3 comes with an eight … Check if the previous owner complied with the servicing regime to retain the warranty of the car.
But if you’re purchasing from a dealer, well, you will be protected by the Consumer Rights Act if the car is not what has been described. Some of the dealers may also provide the car with an independent warranty.
Last but not least, one needs to add the cost of chargers which will cost around £200-£300. Different service aspects may be cheaper, while aspects such as tire replacement costs might be slightly higher than those of conventional cars.
This article will discuss whether one should buy a used electric car, how much it costs, and where the cars can be purchased from.
