> new EVs are selling for about twice as much as a 2-year-old used vehicle of the same make and model
There's a saying that a new car loses 50% when you leave the lot. It's presumably still true for EVs.
There's a saying that a new car loses 50% when you leave the lot. It's presumably still true for EVs.
In fact, buying new is almost always the way to go now over lightly used (e.g., less than 5 or even 10 years old).
The 2026 is a hybrid, was the older one?
However, saving more than a dollar a mile is pretty good, in favor of used. It's when you're saving less than 25 cents a mile that used probably isn't worth it.
It's not hybrid but I don't want hybrid. That's more parts to have issues and I keep for 10 years and the hybrid batteries don't usually last that long, and I don't drive enough for the gas mileage to really make a meaningful cost difference.
New cars in no way lose half of their value when you drive them off the lot. The saying is that a new car loses ~10% of it's value when you drive it off the lot [1].