alt Hacker NewsThis is a source of a lot of similar press around EV depreciation. They compare the MSRP of an EV 3 years ago with the current used market price, ignoring that the actual price paid is often significantly less due a combination of discounts, tax credits, and rebates.
Replies
loeg • yesterday at 10:24 PM
My state assesses annual car taxes based on MSRP rather than real market value, unfortunately, so these fake MSRPs matter to me. :-(
The part that's interesting to me is how much the depreciation is posed as negative rather than positive.
The long term value of a car is only really relevant if one is constantly cycling through cars and needs the trade-in/resale value. If a car isn't viewed as an investment and/or the intention is to drive it into the ground, depreciation is purely positive because it means that there's insanely good deals on some great cars right now. Of course everybody's needs are different, but for a lot of people there's nothing that comes remotely close of the value of a gently driven, practically new 1-3 year old lease return EV.