SHOULD YOU BUY A USED ELECTRIC CAR?

While the benefits of electric cars are well documented, especially their zero emissions capability, should the public look into purchasing used electric vehicles if they're in the market for a new car? Here, we look into the used car market.

It's encouraging to see more used car buyers snapping up low-emission vehicles as supply grows - but those sales remain low as an overall proportion of the market. We still need the right policies and incentives from government to give new car buyers confidence to choose the cleanest petrol, diesel and electric models that best suit their needs, so that even more drivers can benefit from this exciting technology as it filters down to the used market in the coming years.

The used car market

The UK's used car market finished last year slightly down compared to the previous 12 months, with a -2.1% difference. However, one riser in the industry was the sales of hybrid, plug-in hybrid and battery electric cars. This market share recorded a rise of 27%. SMMT Chief Executive, Mike Hawes, said of the development:

Benefits of buying a used car

Of course, the main factor to buying a used car is the decreased value. If money is tight, then a used car ticks all the boxes. New cars are still popular, and rightly so thanks to the constant updates in technology and safety measures, but with approximately 20% of a new car's value being immediately lost when you drive it away, it's led to almost three used cars being sold to every new vehicle in the UK.

But, what other benefits of buying a used car are there? Nowadays, factory warranties are even longer than before, meaning that the appeal of buying a used car can be enhanced by their longevity. Also, all the gadgets the you often pay extra for when buying new may well already be in a used vehicle and this too will come at a fraction of the cost compared to buying it new. ...