A glut has used-car depreciation accelerating

Post by segmondy » Wed, Aug 23, 2017, 4:05 AM UTC

grecy wrote: post #32

With many countries tabling laws to outlaw the sale of diesel and gasoline cars around 2030, this is going to accelerate extremely quickly. In 5 years (2022), everyone will know it will be illegal to buy a gasoline car in just under 8 years. I think there will be very little demand for the regular old gas powered car. (excepting maybe exotics, or "pleasure drives", which much be a tiny fraction of overall sales) That…

Post by aianus » Wed, Aug 23, 2017, 4:06 AM UTC

ams6110 wrote: post #222

adventured wrote: post #27

Earlier quoted context omitted.

> Why is it so dumb to buy a used car off the lot? It's not. The parent doesn't appear to understand the used car market in the US. Most people are not buying their used cars for $6,000 off of craigslist, that's a good way to end up with a pile of junk. It's a bad idea to buy a mid-value or higher used car outside the CPO or remaining original warranty programs if you can help it, ideally from a dealer.

Not my experience at all. Do a little research on which brands and models are reliable. Find a nicely maintained example of one of those offered by a private seller. It's going to be way cheaper than a dealer in my experience.

Post by hunter2_ » Wed, Aug 23, 2017, 4:10 AM UTC

aphextron wrote: post #209

gnicholas wrote: post #205

Earlier quoted context omitted.

Any advice on how to make sure you're getting a good one, or where to get one? We considered Leafs several years ago, but the range wasn't quite good enough for our needs. Since then, our needs have decreased and range has increased a bit. Would love to trade in one of our 25 mpg vehicles for a Leaf. Plenty of chargers around Palo Alto, including at work!

Make sure the battery has at least 8 bars left. There's two gauges on the dash: current charge and battery capacity. Capacity is the skinnier one on the right [0]. If you find one still within the warranty window below 8 bars, Nissan will even replace the battery free [1]. Also make sure you get one with a quick charge port, it's worth every penny. Other than that you really can't go wrong. http://www.plugincars.com/…

Post by [deleted] » Wed, Aug 23, 2017, 4:17 AM UTC

admiralpumpkin wrote: post #112

curun1r wrote: post #94

Earlier quoted context omitted.

When new car sales move to electric from gasoline, you'll start to see gas stations go out of business...slowly at first but accelerating as the percentage of gas powered vehicles declines. You'll still have your car and be allowed to drive it, but the days of just finding a gas station wherever you need them will be over. Much like early days of electric cars, people will need a concrete refueling plan for every tri…

Or we'll see "gas" stations incrementally change to "gas-n-charge" stations. As society moves from liquid hydrocarbons to electrons for personal transportation I can see no reason why these locations won't adapt. After all, people will still ingest their liquid fuel and expel their waste. ;-)

Post by yuhong » Wed, Aug 23, 2017, 4:21 AM UTC

NDizzle wrote: post #234

aphextron wrote: post #197

Earlier quoted context omitted.

Leaf is a special case because of the battery degradation issues. 100k miles on a Leaf is basically end of life (unless you buy the $5k battery replacement). That being said, you can pick one up in California for $5k in perfect condition with Definitely a niche thing for heavy urban areas that have the charging infrastructure though. I can't imagine owning one in the Midwest.

75% battery life on a car that has a 90 mile range? Talk about range anxiety! I'm not sure who looks at those cars, but they sure don't use cars like I do. I don't even commute and I can't imagine the stress of driving something like that.