The values of second hand EVs have taken a big hit recently, falling by an average of 9.1%. Anyone that offers a car broker service should keep an eye on this. It could have a big impact on the type of cars they are looking for.
However, the drop in values is not all negative. One of the main reasons for it is there has been an influx of vehicles coming on the market. That means more choice and prices come down.
While it is bad news for current EV owners looking to sell, it will be really good for people looking to buy. It could mean you could save a healthy amount.
If you are thinking of buying a second hand EV, we have some tips for you. Read on to learn more. Then you can browse our website if you want to find out about broking and how you could offer a car broker service.
The major concern many people have with used EVs is the battery life. They don’t want to choose a vehicle if the battery is badly degraded and not going to give them much range. They also don’t want the additional cost of having to replace it.
Luckily, the battery tech is far better today and they last longer with less degradation. Most batteries also have a long warranty, usually up to 100,000 miles.
What you should do is check the battery and the range it will give you when it is fully charged. It is also a good idea to check if you are leasing the battery. It is the case with some older EVs.
The charging history
While on the topic of the battery, it is a good idea to look at the charging history of the EV. Most people will charge the cars overnight at home with slower chargers. That is the best option for making the batteries last.
However, if the owner frequently used rapid chargers you need to take note. They can cause a little more degradation. It is unlikely to be enough to seriously harm the battery, but it is worth looking at.
It is a good idea to carry a cable with you when you own an EV. It will mean you have one ready in case you need to use chargers while you are on the go. However, not every used EV will include a cable. You should check this because it can be an additional cost for you.
The charging socket
Another important thing to check is the condition of the socket. You definitely don’t want to buy a second hand EV with a broken one. Make sure you inspect it for any signs of wear. In fact, it can be a wise idea to ask the seller or dealer to plug it in to show you that it charges.
Other things to check
When you buy an EV you need to do many of the same checks you would with a petrol or diesel car. For example, you will want to inspect the tyres, lights, brakes, and suspension. If there is an infotainment system, check that too. Plus, make sure there are no indicators lit up on the dash.
Want to offer a car broker service?
The UK is home to some of the most passionate car lovers in the world. As a result, there tends to always be demand for new and second hand vehicles. It can create some really good opportunities for brokers because dealers can often struggle to find suitable used models in sufficient numbers.
If you want to start offering your own car broker service, we would love to help you. Auto Car Brokers is an expert in this area, broking in the UK and the US. You can learn more on our website or contact us.