Thinking about buy a used electric vehicle in Canada? Here’s a step by step guide for buying a used electric vehicle.
With an increasing number of used EV alternatives on the market in Canada, purchasing a used electric vehicle can be an excellent way to get into the EV world. While new electric cars are often more expensive than gasoline-powered vehicles, purchasing a secondhand electric vehicle might save you some good money. If you’re looking to buying a used vehicle in Canada, here are some steps you can follow to make sure you find a good deal and won’t regret buying a used EV.
For Canadian EV shoppers, here are some crucial steps to take when selecting the proper used electric vehicle.
- Step 1 – Consider your needs
- Step 2 – Take your local weather condition into your consideration
- Step 3 – Make sure you do a cost comparison
- Step 4 – Examine the battery’s condition
- Step 5 – Think about resale value
- Step 6 – Inquire about the battery’s guarantee
- Step 7 – Consider how to charge your electric vehicle
- Step 8 – Do your research on government incentives for used EVs
Step 1 – Consider your needs
With more and more used EV options available in the used market, finding good used electric vehicles in Canada should be easy nowadays. However, you should consider what sort of EV best fits your lifestyle when choosing the perfect EV for you.
Ask these questions that can help you narrow down your EV alternatives and begin your investigation:
- Is this my second or primary vehicle?
- What is my plan for daily use of this vehicle?
- How many passengers am I expecting?
- What kind of driver am I?
- Is there a 120-volt outlet available for charging my EV?
- What battery range do I really require?
Step 2 – Take your local weather condition into your consideration
Both extreme cold and hot climates have a detrimental impact on EVs’ battery life. The optimal temperature range for electric vehicle batteries is roughly 70 degrees Fahrenheit, extreme heat or cold might reduce the battery range. Keep in mind that the weather and climate can affect the performance of your battery.
In Canada, where most provinces have a long winter, electric vehicle batteries are less effective and might have a shorter range in the cold. As a result, make sure you acquire a used electric vehicle with enough battery range for the harsh Canadian winters.
Step 3 – Make sure you do a cost comparison
Purchasing an electric vehicle, whether used or new, might be more expensive than purchasing a gasoline-equivalent vehicle. However, the most obvious advantage of purchasing an electric vehicle is the fuel savings. Electricity is generally less expensive than gas, regardless of where your plugin your EV. You’ll save money on gas and maintenance, as well as insurance. Because electric vehicles have fewer moving parts and no gasoline engine, they do not require oil changes. You will save money in the long term by paying less on fuel and maintenance. Additional to a higher purchase price, you also need to take the cost of battery replacement into your consideration when you buy a used electric vehicle in Canada.
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Step 4 – Examine the battery’s condition
Although a car dealership’s service department can provide you with a complete battery health report, the battery in a used EV declines over time due to a variety of variables. This includes the battery’s operational temperature, charging method, and overcharging. You can’t know all of these things just by looking at the car. Just like the battery of your cell phone, lithium-ion batteries degrade over time, regardless of how often they are used. The age of the battery in a used EV will affect how far you can drive. Because a battery’s capacity decreases as it ages, your battery range may suffer as a result. Don’t expect a 100 per cent battery life report on a used electric car, but if you’re buying one just for commuting, a reduced battery range shouldn’t be an issue.
Keep in mind that not all EV batteries are created equal; some automakers produce superior batteries while some don’t. For example, Tesla’s batteries may still hold more than 90% of their full capacity after driving 320,000 kilometres, indicating that battery degradation is less of a worry when purchasing a used Tesla.
All of our electric vehicles undergo a thorough diagnostic at Carnex. Everything is taken care of, from the high-voltage battery pack that powers the car to the 12-volt battery that powers the electronics, and your EV purchase will be worry-free.
Step 5 – Think about resale value
The battery range is a major component in determining the market value of used electric vehicles. When purchasing a used electric vehicle in Canada, it’s vital to remember that poor battery performance has a direct impact on the vehicle’s value. While some manufacturers produce better batteries than others, Tesla’s batteries can retain more than 90% of their full capacity after driving 320,000 kilometres, which means battery deterioration is less of a concern. This is one of the reasons why a used Tesla has a higher resale value. The greater the battery range of a pre-own electric car, the more likely it is to retain its value.
Step 6 – Inquire about the battery’s guarantee
When purchasing a used electric vehicle, battery degeneration may become an issue. The good news is that all prominent automakers include extended warranty coverage for battery packs, and many used electric cars are still covered.
You might look for a vehicle with a current manufacturer’s warranty. The majority of battery warranties cover 160,000 kilometres or eight years from the date of purchase, whichever comes first. While not all warranties are transferable to new owners, you can check with the automaker using the VIN (vehicle identifying number) to see if the warranty is still valid and transferable.
Step 7 – Consider how to charge your electric vehicle
Whether you purchase a new or used electric vehicle, you will require a charging station to recharge your EV. If your location allows it, you can utilise public chargers or connect your EV directly to a power outlet, which will take much longer to charge. These aren’t the most convenient solutions, and the recharge period is longer. While public chargers aren’t as prevalent as gas stations, you must decide whether or not you need to install one at home. If you park your EV on the street or in an apartment garage, you’ll almost certainly have to rely on public charges.
Step 8 – Do your research on government incentives for used EVs
The Government of Canada’s Incentive Incentives for Zero-Emission Vehicles Program (iZEV) offers $2,500 to $5,000 in incentives to encourage consumers to buy electric cars. There are also several provincial incentives available depending on where you live. While most EV incentives apply to new electric vehicles, some also apply to purchasing used electric vehicles in Canada. While you may not be eligible for the entire amount, buying a used electric vehicle in Ontario, Canada; qualifies you for $1,000 toward the purchase of a used electric vehicle with a resale sticker price of less than $50,000 CDN. Make sure you do your research and find out just how much incentive you may get.
On the market, there is an increasing amount of great used electric vehicle options in Canada. When you shop at electric vehicle dealerships, you’ll obtain additional information regarding battery specs, charging tips, and general EV knowledge. Buying directly from the owner, on the other hand, requires you to secure your own financing and may expose you to some uncertainties.
Looking to buy a used electric vehicle in Canada? Check out Carnex.ca, an online electric vehicle dealership that is open for online shopping 24/7, will help you choose the great used electric vehicle and get the best EV deal on the market.
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