Is it smart to purchase a second-hand electric car?
The market for used electric cars is growing tremendously and this offers attractive opportunities for both private individuals and businesses. For companies and fleet managers considering leasing used electric cars, it is important to be well-informed. Below is an overview of essential points of interest and tips to find the perfect match.
Prices of used electric cars have dropped significantly recently. According to data from AutoScout24 , the average price of an electric used car in 2024 has fallen by €5,700 from the previous year, bringing the average price to €32,000.
This decline is attributed to a wider supply and the introduction of more affordable electric models by manufacturers. This trend makes buying, as well as leasing, an electric used car financially attractive for companies.
If you buy through an authorised dealer or professional seller, you will receive at least a one-year warranty on both the car and the battery. If you buy from a private individual, this warranty is often not provided. Make sure you have at least:
• Technical inspection certificate (MOT)
• Car-Pass
These documents provide insight into the vehicle's condition and history.
The battery is the heart of an electric car. Consider the following points:
• Age of battery: The older and the more kilometres, the greater the possibility of performance loss.
• Capacity loss: On average, a battery loses 2% capacity per year. After five years, about 90% remains, which is still more than fine for an enjoyable driving experience. However, this depends on a lot of factors, including driving behaviour, brand of car, etc.
• Warranty conditions: Some manufacturers or car dealers offer warranty up to a certain age or mileage.
A thorough check of battery status is essential to avoid unexpected costs.
The stated range may differ from reality. Read up on online tests and experiences to get an accurate picture. The Car-Pass states the range, but real-life experiences often offer more insight.
Check that all necessary software updates have been carried out. Regular updates improve vehicle performance and safety.
When inspecting, pay attention to:
• Tyres
• Bodywork
• Brakes
A test drive is recommended to assess how the car drives and to notice any unwanted noises or vibrations.
The following documents are required for a smooth transaction:
• Application for vehicle registration (pink form)
• Maintenance booklet
• Certificate of conformity
• Registration certificate
• Second-hand technical inspection report
• Car-Pass
• Sales contract (optional, but recommended)
These documents provide assurance about the history and condition of the vehicle.
For electric vehicles, full comprehensive insurance is recommended to ensure you are adequately covered in case of accidents. In addition, consider legal expenses insurance for legal advice in case of any conflicts. Be sure to inquire about this with your insurance broker!
When business leasing second-hand electric vehicles, it is important to:
- • Update Car Policy: Make sure the Car Policy is in line with electric vehicles. Consider charging options, charge passes and charging procedures.
- • Calculate total cost of ownership (TCO): Take into account lower operating costs and possible tax benefits.
- • Provide charging infrastructure: Offer employees access to charging points both in the office and at home.
- • Check mileage: Use the Car-Pass to understand vehicle usage and possible wear and tear.
By following these steps, companies and fleet managers can take full advantage of the benefits of used electric vehicles.
Conclusion
It is definitely interesting to purchase an electric used car!
EV battery wear is all too often overestimated, creating the general tenor that used EVs are unattractive. WRONG! These cars can perfectly give you years and years of driving pleasure at a very attractive and accessible price. Do not let a previous owner put you off.
By keeping these concerns in mind when looking for a new electric car. By the way, you can also let parties such as our partner Lizy unburden you, as they have already mapped out the above points of interest for you!
Pluginvest, your partner for the transition to eMobility!
Planning to purchase one or more electric cars? Pluginvest will be happy to guide you in all aspects of the transition to eMobility! Contact us today and let one of our EV charging experts advise and guide you.
Welcome to the electric revolution.