Buying a used electric car in Ontario can be a solid battery-powered bargain for car shoppers. However, you must need to understand there are pros and cons when it comes to buying a used EV. By entering 2022, electric vehicles have been around for more than a decade. With the government incentives, going green with an electric vehicle has been getting very popular in recent years. That means, there are many good used electric cars that are becoming available in the pre-owned market in Ontario.
If you are uncertain about what to look at when buying a used electric car in Ontario, keep reading this article to know the advantages and disadvantages of buying used electric vehicles.
Pros of Buying a Used Electric Car (EV) in Ontario
A lower price tag is the biggest advantage of buying a used electric car. Due to the heavy initial depreciation, used electric vehicles tend to have a good value in the used market. On the other hand, thanks to the continually advancing technology in the EV industry; used EVs bring great value when compared to newly released models. It depends on the make and model, but you can expect to pick up a 2 to 3-year-old used electric car in the used market in Ontario for about 25 to 30% less than the new model.
Inexpensive to Operate
Electric vehicles have fewer moving parts compared to the tradition vehicles. Battery EVs have no complex engine so no need for oil changes, this applies to whether new or used electric vehicles. Not to mention the most obvious benefit of driving an electric car is that you will be able to cut your gas bill, as electricity is cheaper than gas no matter where you plug in Canada.
A Better Driving Experience
Electric vehicles deliver a better driving experience with smooth transmission and speedy acceleration.
Since an electric car does not have an internal combustion engine, the electric engine provides smooth acceleration and deceleration. Driving an EV can be smoother and quieter than gasoline vehicles. Electric cars also have a low centre of gravity which can improve handling, responsiveness, and ride comfort.
Cleaner and Greener
Driving an EV with electricity produce less global warming pollution and reduce your carbon footprint. You are contributing to a greener environment by running an EV whether new or used. Buying a used electric car is even more sustainable since you’re recycling. While buying used electric cars can help the environment, they can perform the same as the new ones. Since EVs have fewer moving parts and they can stay in the same condition even if they have some miles on the odometer. Theoretically, EVs last much longer than gas-powered vehicles because they don’t have complex engines or transmissions.
Buying a used electric vehicle in Ontario is eligible for $1,000 toward the purchase of a used fully electric car that has a resale sticker price below $50,000 CDN.
Cons of Buying a Used Electric Car (EV) in Ontario
Like any battery-powered device, EVs’ batteries diminish their performance over time. With a used electric car, the battery longevity will affect how far you are able to drive. The more a battery degrades, it can hold less charge, your battery range could be affected as a result. If you plan to buy a used electric car and keep it for the long term, it will eventually need a battery replacement, which you need to take into your consideration. The good news is that many batteries and electric motors come with an 8 year or 160,000 km warranty., Some even have an extended warranty that’s available to purchase. When you buy a used EV, remember to check the warranty and make sure if it’s transferable.
In general, a used electric car has less battery range than the new one. And if you are thinking of an older model, it could even have a shorter range. Therefore, installing a charger at home is the most convenient solution, further investment in a charger at home should be taken into consideration.
If you plan to buy a used electric vehicle and keep it for a couple of years, you may see that its technology will quickie become outdated. While the technology obsolescence also applies to traditional fuel vehicles too, the effects are magnified for used electric vehicles as the technology of EV’s is rapidly improving.
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