Buying an EV New v Used
Many spend countless hours browsing DoneDeal trying to figure out what electric vehicle might best suit their needs. Should you go new or perhaps used through our trusted dealer network? These are regular questions when deciding but it's essential to understand the similarities and differences to make an informed decision. Both options offer unique advantages and considerations, from installation requirements to financial incentives and warranty coverage. Let’s delve a little deeper.
Commonalities Between New and Used EVs
Regardless of whether you opt for a new or used EV, certain aspects remain consistent. One such aspect is the installation of a home charging unit. Both new and used EV owners will need to install a home charger to conveniently recharge their vehicles. The Sustainable Energy Authority of Ireland (SEAI) offers grants to support the installation of home chargers, making it more accessible for all EV owners. Additionally, both new and used EVs contribute to environmental sustainability by reducing emissions and reliance on fossil fuels.
Differences Between New and Used EVs
Warranty Coverage: New EVs typically come with comprehensive manufacturer warranties, covering various components, including the battery, for a specified period or mileage. This warranty provides peace of mind against potential defects or issues. In contrast, used EVs may have limited or expired warranties, depending on their age and mileage. However, some dealerships offer certified pre-owned programs that include extended warranties, ensuring continued protection.
Grants and Incentives: The Irish government provides grants and incentives to encourage EV adoption. For new EV purchases, grants are available to help reduce the initial cost and vary depending on the total cost of the vehicle. While incentives for used EVs are more limited, some grants may apply, particularly if the vehicle is being registered in Ireland for the first time. Again you can also avail of the home charger installation grant.
Health Checks and Battery Condition: New EVs come with brand-new batteries, ensuring optimal performance and longevity. Used EVs, however, require careful assessment of battery health. It's crucial to obtain a comprehensive battery health report, which provides insights into the battery's remaining capacity and overall condition. Some dealerships offer battery health status checks, providing transparency and assurance to potential buyers. If they do not offer this service, it is worth seeking a third party to carry out the battery health check.
Pricing: New EVs generally come at a higher price point due to their advanced features and the absence of prior usage. Used EVs offer a more budget-friendly alternative, with prices varying based on factors such as age, mileage, and condition. It's important to weigh the initial savings against potential future expenses, such as battery module replacement or maintenance, when considering a used EV.
Real-World Example: New vs. Used EV on DoneDeal
To illustrate the differences, let's compare a new and a used EV available on DoneDeal.
New EV Example: A brand-new 2025 Hyundai Kona Electric is listed at approximately €38,000 inclusive of the SEAI grant. This model offers the latest technology, a full manufacturer's warranty, more range and a scrapple or trade in allowance depending on the dealer.
Used EV Example: A 2020 Hyundai Kona Electric with 60,000 km is available for around €25,000. While this offers significant upfront savings, it's essential to consider factors such as remaining warranty coverage, battery health, and potential maintenance costs.
Conclusion
Choosing between a new and used EV involves careful consideration of various factors, including warranty coverage, available grants, vehicle condition, and pricing. Both options have their merits, and the decision ultimately depends on individual preferences, budget constraints, and long-term ownership plans. Conducting thorough research, obtaining detailed vehicle histories, and consulting reputable dealerships through DoneDeal.ie should aid in making an informed and satisfying purchase!
