"...we made them and didn't release one because we hated the car so much." OK, now I REALLY wanna see the VW ID4 video😆

I’m one who purchased a Hertz Model 3 for under $25k so that gets me the $4k Used EV Credit. Essentially a $20k Model 3 with 65k miles. Been in it a month and very happy.

On many models the immediate depreciation is impacted by the $7,500 fed tax incentive that the first owner took.

Just appraised a 22 Taycan Sport Turismo yesterday. 22k mls, $145k MSRP. Porsche dealer hit it at $65k. 😮

Mark/Jack, you guys should be releasing videos no matter how bad the product is. It would help educate the masses. Just my 2c.

You should ALWAYS release the videos of the cars you hate. Those are my favorite!

I think there's a ton of value in sharing your thoughts about cars you don't like. So I'm glad we got those glimpses behind the scenes.

Many of the used Teslas Hertz is selling were loaned out to ride share drivers and were in much worse shape than a traditional rental car

My dealer can’t sell our ID4s, we have 10-$12k off and still can’t sell any of them. We are no longer allowing trade in’s for ID4s.

Everyone is getting that BMW experience!

I got my polestar 2 with 10k miles, paid around 34k used. Still shocks me someone paid 70 for it 2 years ago

Prices here in Norway mirror what you found in USA, so it's not just you that see these extreme price drops for almost new cars. Found a Taycan 4s for $63k with 5k miles on it, so new car for $40k off in 2 years. Crazy...

Love the different format 👍

I see this as an absolute win

These videos are decent. I'm glad you found a way to put out content without having to work too much on editing. Thanks for the content.

I may be wrong but I believe the recall on Ford Mach-Es is for the high voltage battery junction box component, not the battery itself.

Mach Es are getting dumped like crazy in canada. Everyone had the unfortunate moment of realizing they do not even charge if its -25 out.

Your list/non-car reviews are always great (bidet update when?). Hopefully these let you slow down a little and give you a little room to breathe.

Amazing video. I love this, need more market updates from you guys. Also, please post the other videos as outakes/funnies.

Slightly off topic, but I absolutely love that you rep Firefox with Privacy Badger in the browser shots.

Nearly all these cars had a $7500 federal tax credit and in many states a state EV rebate. So the MSRP is irrelevant. If you buy a $50k EV with a $7500 tax credit, no one will buy it used for more than $42.5k, because it would be cheaper to buy new. So if you sell it for $41.5k, the depreciation is only $1k not $8.5k

I was looking at the Bolt EV and EUV used and those are a real deal. 18k for a 250 mile range. Great little city car

Don't forget used EV tax credit can potentially knock off another $4k on some of the vehicles.

Arent these price drops perfectly normal for new cars? I seem to remember the saying that the price drops a quarter as soon as you drive off the lot.

I suppose this is the result of a lot of people wondering if it's worth getting a secondhand EV that is less advanced. Or it might be me misreading and these are great deals. I know I'm not really considering these but others might if the EV fits your lifestyle but you couldn't afford one earlier.

Reminds me of OG top gear with the car buying tips.

I bought a GM buyback 2021 Chevrolet Bolt Premier with 16,500 miles for $17,288. They are flying off the shelves. I seen some good deals and when you called, they were sold. Mine was on the internet for one day. I went the next business day and tried it out. Did not hesitate and bought it on the spot. It does have software fix where you can only charge to 80%. I have another 5,000 miles and that should determine if the battery is good or bad. I win either way.

The price declines are much worse than they seem for buyers, as a lot of cars sold in in the last 3 years had markups on them. That 2019 Soul EV is a bad deal, you can get a Bolt/Leaf/Niro for about the same $$.

Makes me feel better about my ‘21 Impreza Spott that I picked up for 25k. Three years later with 25k on the clock and it’s worth 22.5k here in Utah where Subarus are popular for all the skiers. So 10% loss in value in 3 years. That’s amazing.

Our 2022 e-tron (SUV) is worth about half what we paid for it new, but new cars are never investments, and we usually keep a vehicle for ten years, so the depreciation is spread out over a longer time period. It's a good time to be a buyer, if one is interested in a lightly used EV.

I just sold my GV60 Advanced for 35. It had 26000 miles. So yeah, that was a massive depreciation hit. It was a great car, except that I couldn't get service done locally. The closest was 550 miles away the first time it needed repair, and at this point, it's still 150 miles away, despite there being a local Genesis dealer here. Silly me, though, I just picked up my new i4 yesterday, though I leased it this time. So I know ahead of time about the massive depreciation now. I'm still sticking with an EV, because I like the cars that much.

I'd love to get into an EV right now because I could charge it at work, but the interest rates are crazy. Even with the deals out there, I can't even come close to my current car payment, which is low because at the end of 21, dealers were desperate for inventory and were throwing money at anyone with a decent trade.

Picked up a used 2022 F150 lightning Lariet extended range 15,000 miles with all the options and clean title in Dec. MSRP $83K for $58,500 and they threw in the mobile charger. Will work great for my construction business as the commuter rig along side my F250 Super Duty diesel for all the heavy towing beyond 10K pounds. I'm extremely happy with it so far !

Got used model 3 dual motor 80k mi for $25k plus $8k EV rebates, came out under $20k, best car I’ve had, mine has acceleration boost, does 0-60 3.5s with 1ft rollout. It costs me $15 to charge it, 280mi range.

One thing to consider is the really cheap short term leases relative to msrp. Discount and incentives and tax 7500 you see cap costs 80% of sticker depending on car

The first flat-screen TV to be sold went for a whopping $15,000 due to its innovative design and specialty graphics.

Excellent information, thanks for posting. I recently watched another video on the subject of EV depreciation. A VW ID.4 owner found he can't road trip it because of range in the low 200s and lousy public charging experiences plus VW's unhelpful nav system. He wants to get out of it but is under water on his loan to the tune of about $20k.

It costs over $35,000 to lease an iX for 3 years. I don’t see the value in leasing. Someone explain what I’m missing.

EV's will hold their value as good as a smart phone. AKA, 50% loss in the first year.

It's really obvious what happened. A bunch of models came out in the lockdowns, with 0% interest, limitless money and a disrupted supply chain, increasing prices by 50%+ across the board. Just one or two years later the situation completely changed, now with normal supply of parts, massive inflation happening and interest rates in the roof, plus free tax credit money for new cars. Obviously, the price of all of those vehicles dropped by a third or half, with the used ones getting specifically the bad end. In 5 years the market will be completely normal and people won't even remember this "drama"

I hope you release the video of the Genesis, provide an honest review. That's what makes reviewers credible and helps give comparisons.

Excellent and helpful episode topic! Well done

Always great info, thanks Brother

Those Hertz 3s and Ys are soo rough. I’ve looked through many to potentially upgrade a 2019 Model 3. I’d be really hesitant to purchase one of those for a personal vehicle unless you really don’t care if they are beat up.

I honestly looked into EVs and couldn't convince myself it was a good idea who so many reliable, small and economic on fuel used cars on the market.

Love this type of video; short, informative, and just a hair of op-ed. Thanks, guys.

I am experiencing the old ‘Osborne Effect’ with EV’s. I don’t want to buy because they are improving so much. Tesla’s updated Model Y is coming, for example. But there will be a lot of this as they keep working on better battery chemistry, reduced production costs, etc.

Release the videos you made even if you hated the car. Love the content of the channel.

Gotta factor the government rebates already discounted from those used prices

Love this. And love you! Great honest consumer discussion.

My local dealer has like 15 of those e- mustangs sitting on the lot!

Same thing in Ireland. I just read an article looking at a guy who lost 1,000 euros a month on his VW id4 over the first 22 months of ownership. He wasn't happy!

No one seems to think the reason those videos aren’t realized is to keep good relationships with the car companies who let you access new models and in house engineers

I like this sort of video, it’s a nice change of pace! On the topic of EV buying at the current moment, I agree that leasing is probably the ideal way to do it right now. I’m currently leasing Ioniq 6 SEL RWD and I love it to death, but I just know that it’s going to be pretty badly dated by the time the lease is through at the end of 2026, and it isn’t going to hold any sort of significant resale value then were I to actually own it by then. Leasing-at the moment, at least-tends to have the broadest incentives and the most eligible models. Coupled with the how rapidly the EV landscape is changing year after year, it probably is best to lease for the next 3-4 years before things settle in, I think. Used prices do make for pretty tempting options, provided the vehicle in question meets your particular use-case. I’m surprised that the Bolt didn’t get a mention, as while the resale value isn’t necessarily super low compared to their MSRP, their average resale value seems to hover below $20k, depending on year and trim, which was quite tempting when I was doing my own car search.

I’m the kind of person who is constantly on CarGurus looking at every car imaginable within a certain budget, and I also noticed how just within the last month used Tesla prices seemed to have gone off a cliff. Had a family member buy a 21 M3LR pedestrian spec, no extras on top that was $53k. She’s put 12,000 miles on it since summer ‘21. Exact same car going for under $30k MANY times over all around my state. It’s starting to get me interested in leasing one

Are you planning to review a Rivian sometime soon?

Here in Canada, the prices have dropped but not that much. Just a couple of months ago I bought a 2018 Nissan Leaf in Canada, around $17k CAD (maybe 12k usd) . It runs great for the price, I have about 200km in the winter (like now), that is about 125 miles. and probably more than 250km (155 miles) in the summer (cause 20% goes to the heating). It's a great city car that will take you from point A to point B, plus Nissan had some experience making those, so it's really well built. Battery is still under warranty for another 2 years (till 2026), so no worries there. Probably gonna be worth 10k in 3 yr time, assuming the battery is still good, if I can guess by the trend.

great information. appreciate the video.

I’d like to see your videos on the cars you don’t like just as much as I would the cars you do like. Would be very informative.

getting a thrashed rental tesla is a bad idea

I mean aren’t all cars depreciating a lot the first year? I bought my 2011 bmw 328 in 2012 with 19k miles on it for 32k which was 22k less than I can tell what it sold for new.

What service contract comes with Discord access ?

I wonder how much that new Bentley electric coupe will be in 3 years 😁

We have just come from Ix. Many strange depreciations on Ix.

Last year total new/used evs lost around 30% to depreciation, while total gas/diesel/hybrid was closer to 5%. There are many attributing factors and still facing some covid pricing/used supply shortages, but the new ev stands out just as the new i phone stands out, consumers only want the shiny new one with the features theyll never use. a large part is also demographics and market saturation, there is ample supply of aggressively priced new evs with gov kickbacks.

A friend of mine recently totaled his Tesla Y by backing into a telephone pole at 5 mph. The battery box was dented and the frame tweaked. He used the insurance settlement to buy a new Ioniq 5 from a Boston MetroWest dealership for $8,000 below MSRP. He said their lot was packed with unsold EVs.

It's so hard to know what numbers are real though. MSRP is before destination and various dealer add-ons that might or might not be waived. Used car listing prices have apparently become pretty fake in recent years with many dealers having silent additional costs beyond what they listed. Many of the cars that appear to show high depreciation now were actually purchased during the peak demand mania - meaning we see a mix of the depreciation specific to a car versus the overall shift in the market posture.

Great information to share, thank you.

I'd love to see the VW ID4 videos personally!

PROTIP: If you buy a used EV from Hertz or any rental company, you've made a grave mistake. It's not a guarantee that you'll be in trouble, but the best way to shorten the life of an EV is to treat it like every renter treats it.

Please release some of the unreleased videos. It's important for people to learn about poorly executed cars. I am interested in an EV for my next car and will more strongly consider a used one if the prices decrease even further.

I drove a subaru solterra (basically same as a bz4x) as a rental car, and it was just fine. Electric torque was fun, seats were comfy, but turning the a/c on dropped a full charge from 250 miles of range to 200, and I only got like 150 out of it before it started telling me to look for a charging station, so effective range is probably more like 170-180 at best. This was during early fall/late summer, so temps were in the 60s-70s. Definitely not cold enough for that to have been a factor

Confused, isn't this how it used to be all along? Buy new, pay first adopter tax.

In Colorado you can buy a brand new bolt for $15k after instant rebates from federal and local incentives.

The depreciation on the Audi e-trons is insane! I just bought a certified used 2023 Audi e-tron Chronos edition with 5,000 miles on it for under $60k and love it! The range is fine for my daily needs and it’s such a well built comfy car. I feel bad for the previous owner who lost $30k or more when he traded it in… definitely a car to lease if you have to get one new.

Surprised the Model S or Model X wasn’t mentioned. Back when the plaid model first launched in 2021 was like 140k then with the price cuts and flooding of the market I see them around 70k now with 20k miles. Crazy loss!

Great video. Tesla price cuts are a big factor in the downward EV price pressure. Model Y is super ugly but it’s a better value for money than almost any other EV

In my book, if you really want to be environmental friendly, you'll live somewhere you can rely on your feet, a bicycle or public transportation to do your daily commute. Driving a giant cellphone plagued with planned obsolescence is not eco-friendly.

The depreciation is massive on a new EV’s. And buying a used one is a huge gamble on its battery life!

Where did you buy the FK8 hoodie?

Please release the ID4 video 🙏

We recently leased an Ev with 20% off in incentives. Once we did that, the lease was equal to the gas version, with big cost savings in charging vs gas costs. Since we’re a two-car household, we still have a gas car for roadtrips, but the daily commuter (50-60mi/day) ends up about $150/mo less in EV form… with the big discounts. Without? Not a chance.

Best part: in WA where I'm at, no sales tax on used EVs under $30k. You can get decent condition model 3s in good spec for low 20s all day

Would love to see some Rivian content or at least thoughts on the R1S and R1T.

Curious, have you guys driven the Polestar 2? I have become quite the brand fanboy, but now a little concerned with Volvo wanting out from a funding perspective.

I'm frankly shocked at the amount of HATE EV's get these days. I bought a Model S in late 2021 before the price increases and I think it's a good car. I wanted it to do road trips between central NC and Knoxville where my parents live, and it works great for that. 410 mile range means I can leave RTP and stop in Bristol TN with 120 miles of range left on the car, where there's a Supercharger that I can stop in at to get a charge. That's almost a 5 hour trip just to Bristol, and I need a break, so I can go grab some food and coffee, stop for the bathroom and by the time I get back to my car it's charged enough to get to Knoxville. In total it adds about 20-30 minutes to my trip vs a gas powered car. I also had free charging at work, although I've transitioned to WFH now so it's a bit of a moot point... point being, it costs me VERY little per mile to drive the car, and I'm in the correct climate for it. My insurance is a little high, but it's considerably lower than my coworker's Tacoma. The biggest downside is NC's stupid tax laws, which apply a substantial tax on EV's because you're "not paying the gas taxes" or whatever. Problem is, this is flat taxed, not mileage-based like a gas car would be (since it's incorporated into your fuel costs) so even if you put 3000 miles a year on your car, you're still paying for 12000 "miles" worth of taxes. Other than that, I'd say Teslas are some of the few EV's on the market that are UNDERVALUED intrinsically because of the money they can save you.

Why is the Mach-E getting the battery replaced? Don’t see anything online about free replacement

Changed up the office chair? No more Aeron? Interesting video!

Very interesting and applicable video. I had a 2019 Model 3 that for my purposes has been a great daily driver for the last 3.5 years. Luckily I purchased it for a good price back in early 2020 and was able to maintain reasonable value in the car to sell it. With some of these new incentives, am biting the bullet and making the leap to a new Model Y performance for a steal. Still have my C7 GS to appease the car enthusiast/ICE gods.

im happy about this. used cars will get affordable again

Go back 5 years and watch the drop on Model S, the high end of the market drops hard. Supply and demand is hard to gauge in an emerging market. Ill never go back to gas though.

I'd like to see the same comparison for Hybrid vehicles. I bet they hold their value better.

A lot of good insights here. Just wanted to point out that for eligible (lower MSRP) cars, between federal and state EV incentives you can end up getting $9k-12k in tax credits many states which seriously bites into the used car discount. And for some cars, coupled with the new car warranty, this is arguably a better deal if you're planning to keep the thing. Here in MA for example last year you could get a new RWD Model 3 for like $26k after EV credits. AWD was around $29k. (The RWD and AWD versions are no longer eligible for the federal credit though as of Jan 1.)

A used model 3 long range or performance for mid to high 20s is an insane value

I was about swoop one of the hertz Model 3’s. But after running the numbers (insurance, registration/ supercharging), it’s still not with the upgrade from an F10 528i NA

The Mini Cooper SE is a niche car, even more so than the ICE versions. Hard to find used because most people that buy them in the first place go into it knowing they want the experience and accept the shortcomings...myself included :)

Bought a Bolt EUV last February to take advantage of the tax rebate. Sold it in November just as the prices were starting to plummet. My timing was nearly perfect. During our several month ownership, we loved driving the EV and chose it for all of our local use, over the Highlander and F150. Sold it to a person in need for a great price, and I still came out well ahead because of my GM card cash back at purchase.

Mark are you planning on selling the X7 and replacing it with a low cost EV to recoup some of the depreciation/lower value post Covid prices? Did you get all the PPP on the X7 that you did on the Volvo? Not sure how much value that adds when selling. Depends on the buyer?

Pls do video on resale values of used PHEVs. Thanks

It would be better to display from the outset on the left, the new, on the right, the second hand, and that way you can say bottom left or bottom right show deltas and what not. For each model discusses