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Hertz Is Selling 20,000 Used EVs Due To High Repair Costs (arstechnica.com)

submitted 11 months ago by [email protected] to c/[email protected]

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Hertz Is Selling 20,000 Used EVs Due To High Repair Costs::undefined

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[–] [email protected] 8 points 11 months ago (1 children)

Some of the used EVs are rather affordable—the cheapest Model 3 is just $20,125. A long-range Model Y will cost a fair bit more than that, although even here, the most expensive one for sale by Hertz is just $38,116. As a reminder, there is now a tax credit of up to $4,000 available when buying a used EV that costs less than $25,000, assuming one meets the income caps.

But they are all ex-rental cars, and that means most of these cars have had relatively hard lives and now have plenty of miles on them—the cheaper Model 3s are all closing in on 100,000 miles. Not all of them, though—in New Orleans, there's a Kia EV6 up for sale with just under 5,000 miles.

Who is going to pay upwards of $20,000 for a car with nearly 100,000 miles on it?

[–] [email protected] 4 points 11 months ago* (last edited 11 months ago)

Sadly, the used car market is high all the way across. Finding deceng vehicles under 20k with less than 100k miles would be tough.