Electric or FUEL?

Esteban Olah Sales:

Dinsmore Auto Group has many options for electric vehicles, some of them being Tesla's, Mazda and Volkswagen, here at Dinsmore we strive to help everyone out with they transportation needs, and make sure that our costumers are happy with their purchase.

Here at Dismore Auto Group ,we have also many selections of hybrid and gas operated vehicles such as Chevrolet and Mazda and many others to choose from!

INITIAL PURCHASE PRICE:

ELECTRIC CARS:

Tesla Model Y ($49,990)

Tesla Model 3 ($41,990)

Ford Mustang Mach-E ($46,995)

Tesla Model S ($84,990)

Chevrolet Bolt ($27,495)

Tesla Model X ($94,990)

Hyundai IONIQ 5 ($41,450)

Kia EV6 ($48,700)

Volkswagen ID.4 ($37,495)

Ford F-150 Lightning ($61,000)

FUEL POWERED:

Honda Fit (2018) $17,185

Toyota Yaris (2020)$16,645

Honda Civic (2022) $25,050

Honda Accord $27,295

Toyota RAV4 2022 $27,975

Mazda Mazda3 $22,550

Subaru Outback $28,395

Mazda CX-5 $26,700

Kia Soul $19,890

Toyota Corolla $21,550

Depreciation Factors:

• Mileage. The more miles your car has spent, the lesser its value will be.
  
• Age. As cars age, they tend to lose value because newer and more powerful cars are launched every year.
  
• Maintenance. Cars that have been serviced well will have more value compared to those that don't have any record in the service booklet. This is especially true of EV batteries. For example, if a driver charges at DC fast chargers too often, it may wear on EV's battery (that's why a powerful Level 2 charger like the Lecton V-BOX is a good choice - you get a powerful charge without sacrificing your battery health).
  
• Brand reputation. Cars from reputable manufacturers can hold their value because of a proven track record. Those that come from unreliable car makers will likely depreciate faster.
  
• Government incentives. Studies show that government incentives lower the value of electric cars upon purchase.
  
• Demand. This technology is fairly new, so it makes sense that there isn't really a high demand for electric cars compared to gas-powered cars.
  

How does the depreciation of EVs compare with petrol, diesel, and hybrid cars?

For the longest time, diesel cars have been thought to hold their value longer than petrol cars.

This is primarily because diesel engines tend to last longer and are more reliable and fuel efficient.

On average, both petrol and diesel cars lose 60% of their original value after three years or 36,000 miles.

But with issues regarding emissions and with people becoming more eco-conscious, it may not be long until we see these cars lose more value.

In comparison, electric cars lose up to 50% of their original value after three years.

Do electric cars lose value faster?

There isn't enough evidence to prove that EVs depreciate faster than other types of cars. But some numbers suggest that EVs lose 50% of their value after three years as compared to traditional vehicle types that lose 60% in the same period.

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