this post was submitted on 11 Sep 2026
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Electric Vehicles
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If you consider depreciation and increasing gas prices, getting a 1 or 2 year old EV today is the best financial decision for those having that budget. It will also work for lesser budgets.
Maybe I'm weird, but I never consider depreciation. If the car is worth anything more than scrap value, it's not yet time for a new car.
In the context of OP, depreciation means that a “$50K when new” car may only be worth ~$35K if you choose to buy it 1-2 years later.
So it’s not so much about it’s residual value at any point in time, but rather how EVs tend to have a steeper depreciation curve at the beginning - making lightly used models a more attractive bargain.