Guide to Buying a Used Electric Car in Canada in 2024

Guide to buying a used electric car in Canada

An increasing number of environment conscious drivers who want to reduce their gasoline expenses are opting for electric vehicles because fuel prices are on the rise again. While new EVs can be expensive, buying a used EV is a smart way to take advantage of driving an electric vehicle while staying within your budget.

The used EV market in Canada has grown quickly in the last several years. Because the adoption of EVs has increased nationally as a result of reduced battery prices, longer driving ranges, and government incentives. Also, the Canadian government established a new mandate at the end of 2022 that aims to increase the supply of EVs, auto importers and manufacturers are required to meet a specific sales quota for electric or zero-emission vehicles to comply with these requirements and enhance the overall supply of EVs. The used market for electric cars in Canada is growing rapidly as more models are put on the roads, and more and more affordable used EV options are available across the country.

Considering the rising cost of gas, rising concerns about climate change, and the rise of more afforable used electric car options, this might be a great time to think about buying a used electric car in Canada. While there are regional differences in the options and availability of used electric cars in Canada, this comprehensive guide includes all the information you need to find a reliable and afforable used electric car in Canada in 2024. Read on for tips to help inform your purchase and get behind the wheel of your ideal used electric car in 2024.

Should You Buy a Used Electric Car In Canada?

Buying a used electric car in Canada has many advantages over buying a new one or a used gas-powered vehicle. First of all, used EVs are now considerably more affordable for average car buyers while still offering enormous long-term fuel and maintenance savings.

According to Natural Resources Canada, the average Canadian family can expect to save over $6,000 in fuel costs over a 5-year period by driving an EV versus a comparable gasoline vehicle. Furthermore, because EVs have fewer moving parts and a simpler mechanical structure than internal combustion engines, routine maintenance and repairs are typically less expensive. Driving electric also means passing gas station and avoiding volatile fuel prices. Overall, buying used electric cars in Canada allows you to take advantage of EV technology without having to pay a significant upfront cost while helping to reduce Canada’s transportation emissions.

Pros of Buying a Used Electric Car In Canada

• You will save thousands of dollars on fuel throughout the vehicle’s life if you convert from a gas-powered to an electric vehicle. 
• Compared to the typical gas-powered vehicle, used electric cars are typically in excellent shape and require less maintenance.
• The electric engine provides smooth acceleration and deceleration, making electric vehicles more enjoyable to drive.
• Whether new or used, EVs emit less global warming pollution and lower your carbon footprint. 

Cons of Buying a Used Electric Car In Canada

• Even while you might get a great deal on the used EV, if it’s five years old or older, the vehicle might have lost about half of its value. 
• Any battery-powered device’s performance deteriorates over time, and used electric vehicles are no exception. 
• Depending on your desired EV type and where you live, your options may be restricted. For instance, there were 26.3 million gas-powered cars registered in Canada by 2022, compared to just 789,000 registered electric cars according to Statistics Canada.
• If you intend to buy a used electric vehicle and keep it for a few years, you may find that its technology quickly becomes obsolete.

Things to Consider Before Buying a Used Electric Car In Canada

Define Your Budget and Needs

The first step is realistically assessing your budget and transportation needs. Consider how far you typically drive daily, your commute length, annual travel distances, available home charging options, and number of passengers required. 

Next, decide on a comfortable maximum budget that works for your financial situation by researching average used EV costs. Even in the typical price range of $25,000–$40,000, used electric cars are still a substantial investment. High-mileage used electric vehicles may have lower upfront cost but may eventually need costly battery replacement. Keep an eye on the model year; the range may decrease more quickly in earlier EVs due to their smaller battery packs. Consider both the purchase price and operating costs to maximize value, and try to aim for newer EVs while stay within your budget. 

Remember to budget for potential repairs, new batteries, and equipment for charging. Establish a monthly payment schedule that you are comfortable with, taking into account any potential government rebates for used EV. Creating a budget allows you to focus your choices on year, make, and model. Consider whether you place more value on features, price, range, or the balance. The answers will direct you to specific used EV models that are probably within your price range for further research.

Research Electric Vehicle Models  

After evaluating your needs and budget, begin your research into the used EV market. Models ranging from small SUVs and luxury cars to sedans and hatchbacks are available in the used EV market in Canada. The Nissan Leaf, Chevrolet Bolt, Hyundai Ioniq Electric, Volkswagen e-Golf, and Kia Soul EV are some of the best reasonably priced EV options available in Canada. Examine various types and models, keeping in mind important elements such as battery capacity, charging speed, driving range, coverage under warranty for the powertrain, and overall reliability ratings. 

Reviews from customers are very helpful, look up the EV’s ratings and reviews online to learn about recalls, typical issues, and owner satisfaction. Consider cargo, seating needs, climate, and performance requirements while selecting the best body style and size. Even while some used cars might not have the newest technology, you can still look for safety features, driving assistance, software upgrades, and use them as a bargaining power.

Check Battery Health  

The most costly part to replace in a used EV is the battery pack. The majority have warranties that cover replacement if capacity drops below 70% for roughly eight years or 100,000 miles. 

When shopping, ask the car owner or EV dealer for battery diagnostic test results detailing capacity and overall health. Determine degradation levels, as capacity can drop up to 20 percent in the first 2 to 3 years of ownership. Models with higher mileage might need battery replacement sooner. Obtaining a vehicle history record also identifies any collision repairs that can jeopardize the driving range and health of the battery.

Inspect Thoroughly 

Since electric vehicles have fewer mechanical parts than their gas-powered equivalents, fewer aspects may require repairs or replacing. However, closely inspecting a used EV remains essential for avoiding future headaches. Schedule a test drive to check acceleration and braking smoothness. During the drive, check the battery and range gauge for any fluctuations that could indicate a potential issue. Listen closely for strange sounds. This hands-on evaluation before negotiating helps identify red flags to avoid costly repairs down the road. The test drive also lets you experience what it’s like living with that specific EV model.

Verify that all the electronics and features, such as the power windows, locks, touchscreens, and lights, are working properly. Examine unusual tire wear patterns to learn more about suspension damage or problems with wheel alignment. Although it takes time, carefully checking a used EV ensures the reliability of your vehicle for many years to come. For best due diligence, hiring a professonal mechanic perform a pre-purchase inspection is recommended.  

Consider Cold Weather Impacts

Canada’s colder northern climates impact EV battery performance and well-being. In below-freezing temperatures, batteries’ discharge capabilities are decreased, which results in an estimated 30% lower driving ranges. Winter range is increased by purchasing a model with a thermal management system that warms up the batteries. 

Additionally, garage parking protects against temperature changes. When exposure cannot be avoided, ensure appropriate sealing to keep snow and road salt from becoming trapped near electrical components. Determining realistic winter range is key for choosing the right used EV to empower your year-round travels.

Review Charging Needs   

The battery capacity, charging ports, and suitable charging equipment of used electric vehicles vary widely. Make sure your purchase of a used electric car in Canada takes into account your daily transit needs, availability of overnight charging, and practical public charging alternatives. 

Smaller battery vehicles work best when using 120V house outlets. This handy Level 1 charging connection is ideal for occasional overnight “top-ups” at home.  Consider installing a dedicated 240V Level 2 home charger for faster daily charging, which may also be eligible for a government rebate in some provinces. When estimating regular plug-in times, don’t forget to factor in charging rates. Being aware of different charging rates and understand your EV’s charging ecosystem’s availability helps you avoid having to wait too long to recharge.

Understand Maintenance Requirements  

EVs require far less routine maintenance without spark plugs, oil changes, transmission fluids and other aspects requiring frequent servicing in gas vehicles. But even with this advanced technology, repairs in the case of a malfunction still require certain technical knowledge. 

Verify the manufacturer’s suggested and necessary maintenance to keep the car covered under warranty. Although regenerative braking lessens wear, software upgrades, tire rotations, and brake fluid flushes are still required. Whether you ever need substantial work in the future, find out whether there are any certified EV specific services in your neighbourhood.

How to Find a Reliable Used Electric Car Seller in Canada

Online ads, certified pre-owned dealerships, traditional car dealers with EV inventory, and local EV lover forums/Facebook groups are the best places to start your search for a used electric car. Many mainstream auto dealers now also offer used EVs that often come with extended warranties. 

These provide the peace of mind of buying from a reputable car dealer. Certified usd electric cars could be higher-priced but thoroughly inspected with a warranty. While buying from privately owned EVs and get better prices, it will require more due diligence. When reaching out to sellers, be prepared to go over things like location, cost, included extras/remaining warranty coverage, and don’t forget to set up a test drive if possible. Trust your instincts and avoid non-responsive or pressuring sellers.

Considering a used electric car? Carnex is the top online EV expert for selling and buying used electric cars in Canada.

If you’re looking for used electric cars in Canada, Carnex have everything from affordable EV models to premium models.

Compared to gasoline-powered cars, buying a reliable, afforable used electric car in Canada has advantages for the environment and the wallet, but it also required careful planning and studying. When buying a used electric car, you may position yourself for years of cost savings, driving satisfaction, and environmentally friendly transportation. You should have a better understanding of the key steps and factors to take into account when making the exciting decision to buy a used electric car in Canada now. It’s time to start exploring the great used electric car options in Canada today!

More from Carnex Blog:

Best Electric Vehicles of 2023 and 2024 in Canada

Future EVs: 11 New EVs and Hybrids Coming in 2024

Will Buying an Electric Vehicle Save You Money?

As always, Carnex can provide you with detailed information about buying and selling EV in Canada. 

Carnex is the top online EV expert for buying and selling used EV in Canada.

If you’re looking for used electric cars in Canada, Carnex have everything from affordable EV models to premium models.

Every EV at Carnex if fully certified and passed inspection by our experienced EV specialists.

Start exploring the best used electric car deals at Carnex today!

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