Websites For Used Car Buying Research

An electric car is run by electricity which are stored in rechargeable batteries or any other device that stores energy. The electric second hand cars have the capacity to give instant torque which provides smooth acceleration. Compared to the diesel and petrol engine cars these are comparatively much higher in price. The used electric cars are also extremely high. In the year 2013 Paul Fraser Bennison had purchased an electric Renault Twizy for 7200 euros that is Rs 5,03,950 in Indian currency. Then after a some months but less than a year he sold the car in 3500 euros that is Rs 2,45,143.50. The price is 48% less but earlier he was offered 2500 euros that is 62% less.

The most recent data from CAP Automotive about used electric cars is that they have a power to retain only 20.2% of the value but in the next few years it said to increase to 26%. The buyers feel that the price for the electric used cars is very high but the dealers are also not sure how to set the price. The depreciation for these cars are the worst and buyers do not feel investing that high. The market for used electric cars is in a fluctuating state and more time is required by the dealers to understand the depreciation of the electric cars and then fix a budget which many can afford.

Thus it can be seen the market for used electric vehicle is not too good because depreciation rate is faster and the price is much higher compared to its state. There are fewer number of buyers in the market for this and the automobile dealers have not yet been able to fix the situation but they are trying their best to overcome this scenario.