#vehicle-depreciation

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from24/7 Wall St.
4 days ago

Used EVs Are Ruining Tesla

For Tesla Inc. ( NASDAQ: TSLA) and other popular electric vehicle (EV) makers, the primary competition is not with one another. It is the used versions of their own cars. One analysis showed that a Ford Mustang Mach-E, which sold for $55,000 new, sold for only $33,000 when it reached its first birthday. It had less than 10,000 miles on its odometer and not a single scratch.
Business
Cars
from24/7 Wall St.
1 month ago

Should I Trade In My $67,000 Jeep Wrangler for a $15,000 Infiniti and Eliminate Payments?

Buying an expensive new vehicle leads to immediate depreciation and financial burden; trading a $67,000 Jeep for a cheaper, payment-free car can reduce expenses.
Cars
fromInsideEVs
1 month ago

EVs Cost Way More To Insure Than Gas Cars. Here's How Much.

Electric vehicles cost about 49% more to insure than gas cars, driven by higher repair, replacement, and longer mechanical labor requirements.
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