Has Nightmare Depreciation Made The Jaguar I-Pace And Audi E-Tron Dream Used Buys?

You’ve most likely learn how savage depreciation affecting EVs is placing some patrons off buying model new fashions, and has even performed a hand in choices by Hertz and Sixt to dial down their electrical automotive applications. However not everybody hates depreciation – definitely not patrons in search of a used discount, and there are positively some electrical ones on the market.

You solely want to take a look at pre-owned costs for the Audi e-tron SUV (since renamed Q8 e-tron) and Jaguar I-Tempo for proof. The duo had been their respective manufacturers’ first absolutely electrical automobiles and pitched as dear flagships.

Extra: These Are The Greatest Losers In The Used EV Market With The Steepest Worth Drops

Again in 2020 the e-tron lineup began at slightly below $80k for the Premium Plus grade and topped out at a hair over $84k for the Status trim with the racier-looking Sportback rear-end design. The Jag, in the meantime, value from $71k to $82k relying on whether or not you settled for the fundamental S or reached deeper into your pockets for the SE or HSE.

Now early examples of each the e-tron and I-Tempo are available within the used marketplace for lower than $30k, and in some circumstances for below $25k. Okay, so we’re speaking about four- or five-year outdated fashions, however that’s hefty depreciation for premium, supposedly fascinating, automobiles. And it’s a lot worse than the depreciation suffered by equal combustion fashions on sale on the identical time. You possibly can seize both a battery-powered 2020 e-tron Premium Plus or ICE-propelled 2020 Q7 Premium Plus, each with the identical 32,000 miles (51,000 km) on the clock, from round $32,500 in the present day, however the EV value $20k extra when it was new.

Each the e-tron and I-Tempo had been praised by reviewers at launch, and the Jag was even topped European Automobile of the Yr, one of many few luxurious automobiles ever to attain that honor. The Audi wasn’t significantly enjoyable to drive in comparison with the Brit EV, but it surely did have a significantly better inside and wonderful refinement ranges.

It’s simple to take a look at the used costs for each and suppose that they seem like bargains at $25k, significantly when you think about there’s doubtlessly one other $4k to return off that via tax credit obtainable on used automobiles (the Audi qualifies offering it prices not more than $25k; the Jag’s standing is TBC).

And they’re bargains, however they’re additionally older EVs, which can scare a number of potential patrons off, regardless that each are coated by an eight-year, 100,000-mile (161,000 km) battery guarantee. Additionally they don’t supply the identical charging speeds or driving vary as the most recent EVs – financial institution on needing a refill after little greater than 200 miles (320 km) within the Audi; you’ll get a number of blocks additional down the street within the Jag.

That’s not nice by trendy requirements. Even the fundamental, single-motor 2024 Tesla Mannequin Y can beat that vary, and it additionally prices as little as $32,890 when you qualify for the total $7,500 tax credit score deduction. At that worth the Y is a heck of a deal and helps clarify why used EV costs, together with these for the e-tron and I-Tempo, have been hit so laborious.

Are you tempted by a $25k e-tron or I-Tempo, and if not, how low would their costs need to drop to get your consideration?