Resale Value: Electric Vehicles Vs Gas Vehicles
Owning an electric vehicle (EV) comes with many benefits, including a reduced cost to maintain and lower cost to change vs. refueling a gas powered vehicle. Unfortunately, resale value is not one of those benefits, especially when compared to your traditional gas-powered vehicles.
Of course, that doesn’t mean that EVs may not eventually amass a comparable resale value to their gas-powered counterparts. For now, though, it’s important for car buyers and sellers alike to understand what factors into the resale value of these vehicles to help make better purchase decisions.
In this article, we’ll explain the EV vs gas resale value phenomenon so you can get a better understanding of the reasoning behind the EVs poor depreciation.
Keep reading to learn more.
10 Cars that Depreciate the Fastest in 2023
Here’s some good news and bad news about buying a new car. The good news is that you can impress your friends and turn everyone’s heads. The bad news? That car may be a money pit, depreciating so much in value that you wish you never bought it.
In fact, some cars depreciate so quickly that you can hear money leaving your wallet. Therefore, before you contemplate putting money in that sedan or SUV, check out this list of 10 cars with the highest depreciation rates.
How to Sell a Car Privately in Pennsylvania
In Pennsylvania, used car prices at vehicle dealerships have increased by 10.8% since 2021. This means that more and more interested buyers are turning to private sellers to get a better deal on their next vehicle purchase. This also means that if you’re looking to sell your car in Pennsylvania, then you have the competitive advantage.
Now all you have to do is figure out how to sell a used car in Pennsylvania.
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Buy it. Sell it. Love it. Take the wheel Buy it. Sell it. Love it. Your automotive journey just got turbocharged Skip the dealership Direct, private-party vehicles for saleAvailable financing, insurance & warrantiesPlenty of perks, no hidden fees Find your car Click here for instant auto loan approvals for any used car or truck using […]
8 Best Used Family Cars
We’ve put together this list of the best used family car models in America to help you narrow down your options when you’re searching through all of the used cars for sale that you come across. From spacious SUVs to fuel-efficient sedans and hatchbacks, there is a reliable used car for every family on this list!
7 Best Used Luxury Cars of 2023
Who doesn’t dream of owning a luxury vehicle one day? They’re beautiful and most are extremely well made (hence their reputation and price tag). Plus, they come with a certain cool factor that economy cars just don’t have. Of course, for most people, buying a shiny new luxury vehicle is financially out of the question. […]
Inspection Center Next Steps
Congratulations! You’ve chosen a Motobyo Certified Inspection Center to complete your Pre-Sale Mechanical Inspection Now What? Sit Back and Relax No need to take any action right now. We will be in touch shortly. Motobyo Concierge A Motobyo concierge Is working on appointment setting. Keep An Eye Out Watch your email for contact and appointment […]
Best Used Cars for College Students
Ready to head off to college with your own set of wheels? Then you need to know what to look for when you’re shopping for a used car. A college student car should be affordable and reliable. It should also have plenty of trunk space – for transporting all of your worldly goods – and it should be nice and easy to park on campus.
Top 5 Reliable Used Car Brands of 2023
Knowing which brands to avoid can save you a whole heap of money down the road. That’s why today, we’re going to give you a rundown of some of the best brands to look out for when you’re looking to buy a reliable used car!
Is Buying a Used Car Worth It?
Buying a car, whether it’s your first or your third time, is a huge decision. People hang on to their cars for up to ten years, so it goes without saying it’s quite the commitment — one you want to make sure to get right.
Today, we’re answering the age-old question — is buying a used car worth it? Keep reading to find out.
