EVs Values Plummet 50% off MSRP in 1 year

[@mwf650]

Crazy that some people really believe car values go up over time

[@lewistamshan8003]

depends on the car some cars can be investments if done rightly

[@LuckyLopez777]

people are smoking crack

[@gilbertoflores7397]

​@@lewistamshan8003for most people we can't afford those collectors cars or the vintage ones that are meant to be stored in the garage and not be driven. Cars are foe getting places.

[@simonbrunet5605]

Car value are base on generation. Exemple: Almost all the youngster born in the 40s-50s who was 20 years in the 60s and 70s were bying there first cars new or old. This first car remind them when they were young now grown up, they have cash to buy nostalgia but when they reach this buying power those car are now rare to find in good condition. At this point price rise until this generation fade away. Most of there kids will not like out of style car and value will fall.

[@snap4720]

Crazy to think buy EVs

[@neoyamasaki3735]

Dude... you are so much better than Car Questions Answered... You actually bring valuable information! not just rambling or click-bait. You can clearly know when you are listening to an expert on the field.

[@oleradiodudea.m.4735]

Consumers always think they are right at the expense of others.

[@LuckyLopez777]

facts

[@ExecuteBrandon]

And not just consumers. 😂

[@Swymco]

People really did get dumber over the last five years.

[@nothingtoseaheardammit]

Started with Millennials.

[@ryangtrask]

This comment 👌👌

[@randomuserame]

It's been about 30 years, actually. I remember people being much smarter as a baseline in the 90s.

[@CaptainCaveman1170]

All the easy money/loose credit (aka interest rates that were held artificially low for too long) certainly helped expedite the brain damage. Plus the crazy stimulus bonanza (which was waaay more than a few checks).

[@CaptainCaveman1170]

@@randomuserame People in the 90's either personally remembered the beating the 1970's gave them, or they remembered watching their parents get beat up by said decade...

[@thePrisioner6]

There is a sucker born every minute (today must be every second). The first thing my dad taught me when buying a car was never, ever pay MSRP much less 10s of thousands over MSRP. Now with vehicle MSRPs jumping 20-40% each year anyone buying these depreciating POS I wouldn’t even show up to a dealership.

[@LuckyLopez777]

very ture

[@heiden2413]

times change, dunno when your dad last bought a car but usually discounts are only if you finance vehicles with the manufacturer. if the demand exceed the supply, such as a civic type r, best of luck getting anything under msrp. most dealers won't offer any discount if you pay cash unless they are desperate to move the car. gotta pay to play but also know your playground so you know youre not getting robbed

[@eriksmith6873]

I sold cars for a time, from 2005 to 2009, and learned the same lesson -- don't pay MSRP. But my sense is that the old rules went out the window during COVID. I just don't think it is reasonable to expect the market to play by the old rules anytime in the near future. Yet in today's climate, carbuyers have nothing to fear in buying a car at a dealer if they educate themselves about car values, and they stick to their guns. Last week, I bought a car at a dealer, I did my research and I paid a fair price. This is a little scary for many people. But in today's climate, this is the only way for a carbuyer to "win."

[@thePrisioner6]

@@eriksmith6873 One way to get into trouble is by playing by someone else’s rules. You stick to your guns and never, ever pay what a dealer sets as a price. Just walk away. By doing this you don’t end up 10s of thousands of dollars underwater on a vehicle. Bottom line a car is never an “investment” and never fall for manufacturers and dealership tricks trying to make you think otherwise.

[@bGzzzzz]

So basically your dad told you to never buy brand new…..

[@Jasona1976]

"no shortage of dummies in America" - HOW RIGHT YOU ARE!!

[@LuckyLopez777]

100%. people lining up to buy cars they cant afford

[@Jasona1976]

@@LuckyLopez777 The mind boggles at such stupidity. I wonder how they conduct the rest of their lives....

[@xx3uddhaxx]

As a dummy I can confirm they‘re is no shortage 😂

[@nobodynothing9950]

I've said the same thing about the housing market, but autos also. Just too many fools lining up to part with their money.

[@Jasona1976]

@@nobodynothing9950 Borrowed money...which is even more dumb.

[@Akecherfd8424]

You didn't mention the Audi etron. KZbinr Craig of Flyingwheels paid $82,000 for his. Sold in auction for $48,500. He lost a lot. He is moving to Florida selling almost everything except his Tesla truck. When he sells that one day, he will probably lose a lot on it too.

[@JoeMcMorrow-k7e]

Whilst this may all be true - are you really telling me the rest of the car industry is not in freefall? The only thing keeping anything afloat is the insistence that manufacturers maintain their prices. That's gonna change. Dealer lots are full to the gunnals with 2022, 2023 , 2024 and 2025 and none of them selling - but prices stay high

[@johnnyquid-xj4kk]

An Audi, those cars are crap, period.

[@austinpowers1999]

Dodge LAST CALL. Values down 40% in 8 months.

[@LeadfootLou]

Dodge made lots of poor decisions the last couple of years. They are coming out with an electric Charger that is sure to bomb.

[@mikehurt3290]

I thought the final year of the gas Charger would sell like crazy, Dodge had the potential, but they got too cheap and greedy and nobody wants anymore

[@eriksmith6873]

It makes me heartsick. I love the Chrysler 300 (the Hemi version). I wanted to buy a new one. There are hundreds of brand-new 2023 models sitting on dealer lots. But Chrysler's suicidal foreign owners are providing NO rebates, no meaningful financing incentives -- nothing. Any discounts you see are from dealers, not manufacturers, and the dealers can only go so far. If the anemic deals on the Dodges are all that is offered, the "last call" is going to last forever. The tragedy is that the Mopar V-8s are among the best cars ever made, and they do not deserve to die.

[@orjan-j2881]

I got a 2023 model 3 for 22k last month , I feel bad for whoever paid for that depreciation but thank you from the bottom of my heart😂

[@LuckyLopez777]

nice $$$

[@keithcrandall1369]

you seriously scored big time on that price...I paid way more. congrats

[@batterylabs4187]

They're not good at any price, just one Huge Hassle after another + a money pit

[@PMTCards]

Weird I’ve had no issue with my model 3. I got 4k off in instant rebate, 7500 tax credit, and no sales tax on purchase price. I also have solar panels on my house.. have nearly 30k miles on it and outside of getting condensation in the back light that Tesla came to my house and replaced for free, I’ve had 0 issues. Been the best commuter car I’ve ever owned, and actually somewhat reasonable price wise (given that all cars have gotten to outrageous prices)

[@joelcleare]

Wonder how many people bought these high end cars with fraud PPP money.

[@LuckyLopez777]

alot lol

[@Anomalyy666]

Ppp money?

[@Platoface]

@@Anomalyy666Covid free cash.

[@dm9103]

From the stories I hear, ALOT! The worst thing is... people walked away with 100s of thousands and had no audits...

[@randomuserame]

@@Anomalyy666 Paycheck Protection Program. It was suppose to give some relief to businesses during COVID, but you know how those "limited government subsidies" go: The scammers get the money, enrich themselves by firing everyone and increasing their own peronal salary by that same amount; and then there's nothing left for people to use the money as intended. Not an ounce of accountability from the IRS, but if you recieve over $300 dollars, there's a non-zero chance an *armed* IRS agent might show up at your palace.

[@yelapa999]

There's an English bloke who has been making a series of videos lampooning his experience with his Taycan. Crazy depreciation and inconvenience.

[@LuckyLopez777]

have to check them out

[@lookinin123]

@@LuckyLopez777 kzbin.info/www/bejne/bWi8oGeCpdCmja8si=ZdXEiPTcTBIyib1K

[@daviiwonder]

What’s his channel name?

[@jontheodore8450]

@@daviiwonder The MacMaster

[@JoeMcMorrow-k7e]

Ah yes the MacMaster. He is the archetypal miserable wet day in Manchester blubbering about buying a very expensive Porsche supercar and bawling that he has to pay Porsche a lot of money. He should see what it would cost for a GT3

[@ltcmoose2001]

CNBC did a story on Chinese EV's. Bottom line is that China can produce EV's at under 30k for an SUV. BYD has an integrated supply chain and they own battery production to most of the car. China's EV's market it is saturated. They have no room to sell domestically to sell EV's. If they are able to come to the US. It will destroy our domestic manufactures.

[@LuckyLopez777]

china has New EVs for $7k. they would crush the us EV market

[@666dynomax]

Trump your president will make sure that doesn't happen.

[@islandhopper100]

i can buy byd vehicles right now in thailand for 23K that are far superior to anything tesla makes. It is funny to see soo many MG branded chinese vehicles here in Thailand. Se asia is such an amazing market place since you get to see which things really sell for without phony tariffs. 4wd hilux for $36k here...eat your heart out.

[@WTF-sh4is]

Not to mention the tech that BYD uses in their vehicles are way better than the crap Tesla uses!

[@sonysoyboysaremadeoftears.7404]

@@666dynomax It's so strange that for some reason the democrats are ensuring that doesn't happen either.....

[@nicholastaylor1546]

My brother has a Taycan - the one thing no one talks about is how they destroy the tires and it is $2k every couple of months for new tires

[@LuckyLopez777]

ouch $$$$$

[@peternguyen1911]

If you got it you got it 💪

[@lifeisfuneh]

Only if you are driving like a complete moron, drive it like a regular car and wear will be virtually same.

[@lot2196]

The EV fan boys will look you straight in the eye and deny this is happening. They are true cultists.

[@typhoon320i]

@@LuckyLopez777 Do you just have a bot do your responses?🙄

[@elcheapo5302]

That EV owner group represents the 2024 mindset perfectly. Zero personal responsibility and bad decisions---like buying an EV in the first place.

[@stanmarcusgtv]

Musk stated that EVs were a NICHE and about 6% of the market

[@993mike]

Watching the EV resale market burn in the US is so gratifying. I have a close group of friends who are all ICE performance car die-hards who will not own an EV, and no government mandate will change that even if we need to buy pre-owned cars in the future.

[@drusier]

These current prices fail to account for the EV tax credit. I paid 60k for a Mache rt1... But I got 2x 7500 tax credits. Yes 15k. Btw the car is now worth 28 mmr with my 50k miles. I drove 30k miles for 365 bucks last year. And my c8 stays parked.. next to my wifes 93 tuned exp st. EV have their advantages but aren't the perfect one size fits all.

[@tomka5714]

EV's depreciate like iPhones and nobody wants to buy a 3-4 year old iPhone.

[@ChrisFromFloriduh]

@@tomka5714 iPhones hold their value pretty well tho, lol.

[@stephkent2736]

@@ChrisFromFloriduh go look at any of the cheap carriers (Consumer Cellular, Straight Talk, Cricket, etc) and they are stocked full of iPhone 11s and 12s. The funny thing is that there are starting to be a lot of parallels between the car and phone markets. VW has indicated that they will only support Android Auto for the lifespan of the car (15 years). What’s going to happen to the residual value when all these android auto cars are EOL by Android Auto - or can’t get OTA updates anymore?

[@clinttube]

"Lifespan of the car": otherwise known as: The youngest socially acceptable age where we can start bricking your property to "incentivize" you to buy another one. If the average age of cars on US roads is 13+ now, are they not saying their cars are crap? Unfortunately this will happen to everybody and unless we can turn off OTA updates easily and the car won't freak out not phoning home, they WILL figure out a way to complicate your car. Somebody has to pay for making security and other updates to the car though. Should've been the people paying insane new prices but surely that money is long gone.

[@ChrisFromFloriduh]

@@stephkent2736 these are great points.

[@stephkent2736]

@@clinttube it’s not saying their cars are crap, but more of owning the child of a Pontiac/Saab and an iPhone 8. Yes, the idea of making an open source Android Automotive may come into play at that point, but then you’re running.a different OS and can’t get parts for it anymore. I’d imagine it would be like owning a mid 70s Cadillac with a different aftermarket digital dash, LED bulbs and a community supported Body Control Module, which takes all the charm away and makes it a shell of its former self.

[@Crypto_Circus]

When you buy a car you are not investing, thus you can't sue if you lost money.

[@LuckyLopez777]

facts $$$

[@squalewally7297]

I know someone in their 40s with a stellar driving record that was quoted $15k year on insurance for a Cybertruck.

[@Crypto_Circus]

@@squalewally7297 oh that's crazy

[@islandhopper100]

useless statement

[@Canderson95]

@@islandhopper100useless comment.

[@Guido_Sarducci007]

Lucky! Glad you mentioned Bring a Trailer; a fantastic source of real sell values. I am on there every morning to follow MB S550 Coupes.

[@LuckyLopez777]

I want to show auctions and retail numbers :)

[@bmxrider925]

Elon even promised your vehicle with FSD would increase in value over time LMAO

[@stanmarcusgtv]

no he didn't Musk stated that EVs were a NICHE and about 6% of the market

[@Eiswueste]

@@stanmarcusgtvwell, kinda. In an interview with lex fridman in 2019, Musk stated: „If you buy a Tesla today, I believe you are buying an appreciating asset, not a depreciating asset.“ Now, he didn’t exactly formulate that as a promise (for legal reasons, probably), but everybody knows what he did there.

[@PassportBrosBusinessClass]

Luxury cars plummet fast too. EV are rolling smartphones. Of COURSE their value declines fast but you have to also remember that is also leading to a proliferation of EV. That’s what the government wants.

[@LuckyLopez777]

facts

[@underachievingwatchcollect1878]

I live in the Midwest where it can get -30F - a battery car isn’t an option but I see plenty of them on the road.

[@LuckyLopez777]

google. lots of dead robots. its a funny video about EVs stuck because of cold weather

[@johnnyquid-xj4kk]

So no other cars got stranded?

[@vladimus9749]

In normal times, a judge would laugh them out of the courtroom, but in today's 🤡 🌎, I could see them coming after Musk because he's not falling in line.

[@LuckyLopez777]

$$$$$

[@onetwothreefour-s1n]

Musk is a terrible human being. Teslas negative sales growth this year is clear evidence of that.

[@projectjunk]

The Cyber Truck pic was a great laugh. Almost spit out my coffee.

[@thoswallace]

I leased a new Tesla Model 3. A basic mode 3 lease is advertised for $300/mo with 3k down, for 36 months. It's like all lease deals, ours the door, taxes, plates, and fees. I'm happy with it. It fits my circumstances...I park it in my garage and can keep it charged up plugging into ordinary 110 wall socket. If I drove more, I would upgrade to 220v outlet. I'd say the price is in the ballpark of a nice midsize new car. The average American isn't buying the average new car these days. Any new car is a luxury, and no lease is ever a great deal. The acceleration in my single motor modes (335 ft lbs torque) is very quick from 10-20 to 60. Which is what I do all the time (most people do). I'm switching from a turbo vehicle...but electric motors produce maximum torque at the start vs turbos that need to spool up. It feels very quick and agile. I don't drive fast, so I couldn't see paying more for more motor. Most Tesla's are now Model 3s and Ys. And they run from $40,000 to $50,000. I think it is this pricing that is hurting used car prices. Plus the government subsidy is maybe $200/mo on a 36 month lease. An advertised Honda Civic Lease...Lease Expires: 9/3/24 2025 Civic Sedan LX $279/mo for 36 mos DETAILS $3,499 due at signing¹

[@jasonlovell3934]

Meanwhile in the real world someone bought a diesel truck and worked the heck out of it for the last couple years. Now it’s worth 80-90% of the original price.

[@carlsanders7824]

The push for EVs, technologically advanced systems, and mandatory upgrades has priced most Americans out of the market for an affordable and dependable vehicle. Will ANY of the car companies step in and feel the need for a moderately priced full size truck among other needed vehicles?

[@stanmarcusgtv]

EVs lost BILLIONS for most manufacturers they raised the prices of ICE vehicles to pay for their EV mistakes and avoid bankruptcy

[@carlsanders7824]

@@stanmarcusgtv Correct, and EV car values are plummeting faster than a Hunter Biden oil painting.

[@Crypto_Circus]

Retail prices of cars are way overpriced, they will land to fair market price over time.

[@LuckyLopez777]

dealers will have to fire sales

[@Crypto_Circus]

@@LuckyLopez777 That's coming, saw a dealer sell a Fisker Ocean for $19K last week. That car might drop to $10K with the news coming out.

[@akka7556]

In south korea, Benz ev caught fire while parked in apartment basement parking lot, causing 120other vehicles to be burned and 800other vehicles to get smoke damage. The building structure was also damaged by over 1000 degree ev fire and the structure integrity is now in question. More than 150 familes were evacuated and displaced from their home, its going over 2weeks now. Korea being small country with over 50%of population living in major city, they were pro Ev but after this incident, nobody there wants ev, nor want ev driver as their neighbors. Entire country turned away from ev overnight due to fire. Now the insurance doesn’t want to insure ev cars, dealer dont want to buy used ev from ev drivers, so the market over there is cooked.

[@weswest8666]

I found an article on this story that’s crazy!

[@akka7556]

@@weswest8666 ev drivers are being looked at as potential criminals now lol

[@benrichards9667]

I just came across a 2020 Ford F350 Lariat Super Duty. 93K miles. Guy wants $52K for it. And he started at $60K, then $55K now the $52K. Clean AF truck just a lot of miles for 2020.

[@johnnyquid-xj4kk]

That’s a nice chunk of change, a down payment for a place to live. 50k for a car, my parents paid 129k for their home back in the early 90s.

[@outkast40]

Your ego causes you to want to be the first one on the block ,will cost you every time .Its technology that changes every year and your low range cell phone on wheels will get less miles than a NEW cheaper EV with 30% more range.

[@chrisengletx]

Las year (October) I bought a new 2023 (post price reduction) Tesla Model S LR. with the huge 21" wheels and ebonized interior. It's an INCREDIBLE car and my price was about $78k . I own it outright, and feel GREAT about the value paid. I intend to keep it for 7 years or so, and could care less about the resale. Cars are necessary evils- I like nice ones but recognize it's lighting money on fire. Buy what you can afford, keep it for as long as you can, and don't worry about the changes in the market.

[@Someone_Cool.x3]

Looove this sooo much❤

[@seannotaro473]

Insurance on these cars is astronomical!!!

[@Canderson95]

To be fair insurance in general is insane.

[@rjobrien7805]

And the carriers are passing along the additional EV risk and claim costs to the ICE drivers.

[@Canderson95]

@@rjobrien7805 this.

[@johnnyquid-xj4kk]

nope. 200 dollars a mo for two cars, tesla and ice. next.

[@stevenmitchell7830]

EVs are absolutely the best! Way to lose money

[@johnnyquid-xj4kk]

“loose”

[@zamomix]

I just got a new Model 3 Highland. Not really caring about resale. But having a blast with the car.

[@deej628]

Next car 1000%

[@angelxlxyvtxxlyys8672]

Trust me if your watching this you are 😂💀

[@Canderson95]

Gay

[@Someone_Cool.x3]

​@@angelxlxyvtxxlyys8672 nahh...he's just thinking why is this guy making a video about something literally everyone should know about. This is not just happening to EVs and of course the Cybertruck is losing a ton of value...

[@Someone_Cool.x3]

Want soo bad...performance tho😅

[@joseCalderon1976]

Absolutely atrocious to buy one of those EV vehicles new. Almost no one wants them new, and used, even worse.

[@KingCoopa17]

I’ll never understand why there was such a big push for EVs instead of using hybrids as a bridge to this ‘electrified future’. I think most people would be happy with a 50-75 miles per charge and 200-300 miles on gas hybrid that’s fun to drive and practical.

[@Someone_Cool.x3]

Hybrids are sooo dumb. They're an illusion of a safety net you don't even need. Avg American drives 30 miles a day and road tripping might account for 1 to 2 % total miles driven in a yr. So sure, continue to pay for oil changes, gas, and maintenance on 100+ parts that can fail on you. Significant savings with EV ownership and convenience of charging from home add lots of value. You're going to see a major shift in the next year or two when the average American realizes the financial benefits of owning an EV. The major 3 "American" automakers have convinced you that you need a hybrid because they can't make/sell an EV profitably despite the continued exponential growth of EV adoption. I put 25k/yr on my EV and have 50+ mile commute daily. Oh wait... should've gotten a hybrid 😂

[@KingCoopa17]

@@Someone_Cool.x3 didn’t submit a peer review so I’m not reading all of that. Happy for you or sorry for your loss 😆

[@marsmotion]

@@KingCoopa17 ev dude is but hurt....prob got vaxed too

[@SirCarlosMusicBMI]

🌴🌴🌴. Thanks lucky I Never thought I’d see the day when these cars would depreciate so much. But numbers don’t lie. I’m so glad that I was never interested in buying one of these. Blessings,Carlos ✝️🙏❤️😊🇺🇸

[@LuckyLopez777]

Well said!

[@DarkstarDarth]

Let's think for a moment, how could an EV that has an ever deteriorating battery that will cost more than the cost of the car to replace within 4yrs.

[@eddiemcars]

I buy and sell cars all the time but never in my life have I taken such a hard hit with depreciation like I did with the Tesla. I bought a brand new 23 Tesla Model 3 Performance 56k that I only drove for a year. I’m not a car flipper. Just a car guy who changes his mind a lot and thinking the EV would be a good commuter car until it didn’t. I sold it privately for a significant loss because dealers wouldn’t take it except CarMax. As a matter of fact, the other cars identical to mine that were for sale then are still for sale 2 months later as the dealers are constantly lowering the prices. So yeah, about 50% off of last year’s price is what EV’s are selling for.

[@motorcitywestauto4674]

Come on Lucky, these cars are toys they are not practical transportation. The high dollar sales were the "I want to have one first" people. Unless you have a fast charger at home or travel less than 50 miles a day, they just aren't practical. Who wants to sit at a charger for a half hour when you can fuel a gas car in 3 minutes.

[@johnnyquid-xj4kk]

I charge at home, and when I travel it takes about 15mins to get my YM ready. Pull up, plug, hit the bathroom, car ready. Other EVs don’t have that kind of network and ease. It isn’t much different when I drive my Toyota RAV4. Different approach to EVs, but same result and cheaper in the long run.

[@motorcitywestauto4674]

@@johnnyquid-xj4kk What about tire consumption? I've heard it's like every 15k. I'm waiting for the car that's made entirely out of solar panels and charges itself. But I'm also a little bit of a conspiracy theorist and our government doesn't want anyone getting free energy. It's harder to tax it. Which is another thing.... I'm in AZ and there are so many Teslas here (there's 3 Cybertrucks in my neighborhood) that there are no incentives to drive an EV. I am theoretically perfect for an EV, I'm retired and drive about 300 miles a month. But there's no way I'm going to pay for something that just sits there. My cars are paid for.

[@johnnyquid-xj4kk]

New tires at 15k sounds like BS. He racing? I have a set of tires for my YM AWD w about 5k mi already and they look new. The others in my garage w 24k mi don’t look worn out either. I keep them as spares. Lots of misinformation out there. I’m not a fan of the cybertruck or other EV makers. They responded to the demand but didn’t know how to make reliable cars. A Tesla ain’t a Hyundai, and a Toyota ain’t a Ford, but the anti ev crowd lumps it all together to sell their narrative. Buying an ev takes a little planning, it’s not like keeping an ICE. But I understand your concerns. You could rent an ev and really learn how it could work for you. It’s like anything, different strokes. I used to live in Glendale, AZ. I miss the trails. Cheers.

[@motorcitywestauto4674]

@@johnnyquid-xj4kk Yeah I'm actually just west of Gold Canyon, right in front of the Superstition Mountains. I'm 3/4 miles from the entrance on the south side. Been to Glendale a few times, it's about 50 mins away.

[@johnnyquid-xj4kk]

Oh, 300mi a month is not much, you’d get away w charging at home. Installing a wall charger costs 350 around here in SoCal , labor and parts. Oh, insurance is around 200 bucks for two cars, my Tesla and a Toyota suv.

[@fazman6218]

Just wait till people lose jobs and they really hit for the exits on that BEV! Repo'ed BEVs that can't actually power your home in a power outage is lame.

[@kevinbarry71]

It is extremely amusing to watch the cult members lose money. As with all cults, you give your money to the leader. Electric Jesus will take all of it for you. And now they want to blame someone other than themselves

[@LuckyLopez777]

facts

[@rustybumperclassics6342]

Electric jesus, lol😅

[@DVinCanada]

Tell this to the Toyota people who spent 80k on rav4.

[@kevinbarry71]

@@DVinCanada I would but they're too stupid to listen

[@rustybumperclassics6342]

@@DVinCanada everything is overpriced. It's crazy.

[@Pago77]

I’m no longer looking at an EV after the EV6 and EQE fires, and don’t forget the guy that got fried in the Cybertruck. No way I’m parking one under my bedroom.

[@oldfordman68]

Even at 50% off Tesla is still overpriced i can't believe people think they are so great when there fit and finish is that of the early KIA and Hyundai cars

[@ThreeDogsTwoCatsAndAWife]

It’s because they’re incredibly convenient, fast, and easy to drive. The speed per dollar is a steal. And “their” not there. 😂. English. Speak it. 😂😂😂

[@oldfordman68]

@@ThreeDogsTwoCatsAndAWife f you grammar police

[@ThreeDogsTwoCatsAndAWife]

@@oldfordman68 😂😂😂 just keepin you sharp, dude! 👮

[@johnnyquid-xj4kk]

Which model did you buy? And what was it that you didn’t like about it?

[@Canderson95]

@@ThreeDogsTwoCatsAndAWifethey are not fast, lol. Quick and boring though.

[@garbinator09]

During Covid, I foolishly bought a 2005 TJ Rubicon put $28,000 in it. Now, it ain’t worth $20,000 OOps!

[@raymondreiff8170]

At least it's not a Tycan't EV, Worth Absolutely nothing in terms of the $120.000.00 🤑Paid by some people 🧐

[@p_Splint]

Bought my 2022 EV6 for 28k with only 18k miles last year. Got the Evrebate of 4K from electric company (Edison) for a final price of 24k. Love the car and don’t feel like I’ve spent too much. Insurance was $80 more monthly (not bad compared to Tesla) and save $100-$150 monthly in gas.

[@yagersgarage8170]

The law suit against Tesla should be for all the money people paid for FSD that was never really delivered !!!

[@Jim-c3t]

"All good things come to those who wait..." Waited 2 years for an EV6, just bought one used 2022 Wind, AWD, w/ Tech for $29k with only 7,900 miles, pristine; price back then around $52k. Great channel Lucky!

[@centralfloridaidiotdrivers407]

I'd like to see the prices on LUCID Air Grand Touring

[@streetmoney21]

😂 I would love to buy a low mileage Model S Plaid for 50K! It’s a 9 second car. I have a Model Y Performance and the only maintenance I had to get was an air filter and tires. And they came to my house to service the car. The maintenance costs are extremely low. In fact, I don’t plan on selling it for at least another 10 years. Low maintenance and high performance is unheard of. 12 bucks to charge at home 👍🏾

[@DB-be9wy]

Tell that to the dealers in my area still trying to sell 3 year old used hertz model 3s for $25k and they will laugh at you. I offer them $21k and they laugh.

[@alexg2795]

Bought a used 2020 Model Y 2 years ago, which came out around 70k out the door. I now owe about 50k, a similar 2020 Model Y with the same miles costs around 25k at a dealership. Nothing is wrong with the car, and I like it, but it sucks that it has depreciated so low.

[@dmlagrange]

My local dealer is still asking for 145k for the Hummer EV (Aug '24). Maybe he hasn't seen this vid.

[@rustybumperclassics6342]

I wouldnt be surprised if used teslas fall below 20k soon. $10-15k would be ideal

[@LuckyLopez777]

model 3 are under 20 k

[@rustybumperclassics6342]

@@LuckyLopez777 oh shit. I haven't even checked

[@SolarTechFL]

Lots of model s are in that range too ​@@rustybumperclassics6342 I just nabbed an X P100DL at 22.4k

[@jasonzola3590]

Giving anyone who can fog a mirror the ability to buy a 100k car is exactly why these values are falling

[@BR-gz3cv]

The Taycan goes from 0-100 in 6 seconds… and $120k to $60k in 12 months 😂😂

[@roylee3073]

i love this data! leads credence to worth being subjective and their being opportunity between the lines

[@thefpvlife7785]

Consider it an expensive life lesson.

[@LuckyLopez777]

same cost as one yr of college lol

[@islandhopper100]

Imagine strolling into a stealership and trying to trade in a vehicle that you are 100k upside down on...lmao.

[@johnnyquid-xj4kk]

How much did your degree cost?

[@san1eong]

I love to see all that people sitting 2 hours in their evs at the charge stations. Living the dream. Like the Master Card ad… priceless 💳

[@johnmatrix4305]

This is one of your best videos - really enjoyed it! I live in Loudoun County (very affluent area) and there are tons of EVs here. People here buy them because it is trendy.

[@10000Islands]

PT Barnum knew what he was talking about.

[@Streeknine]

I bought a used 2022 Model Y Performance back in January, it's great. I can throw my bike in the back, go camping, charge up at the camp ground and run all over exploring the area, come back and charge up and never need to buy the expensive gas around those places. I got it for 30k off the retail price.

[@drali19741]

How much mileage it had and how much you paid for It

[@Streeknine]

@@drali19741 It was 23k, I paid 40k for it.

[@Someone_Cool.x3]

​@@drali19741 phenomenal vehicle...if you're thinking about getting one just do it lol! If you get a used one...a year old or so, so much value there. Not to mention...when FSD is finally ready (try not to laugh) you'll have technology no other automaker is even close to having. Mark my words...TESLA will license and it will be a lifesaver to legacy autos.

[@MarkyMarkIRL]

What’s the risk of getting a new EV with a lease with values dropping this fast?

[@jasonewing5866]

bought a 19 Audi Etron pp with less than 8k miles, (almost a year ago) stickered at just under 82k new, got it for 32k. Audi just extended the electric motors to 10 years and 120k miles, battery is until 8 years 100k miles. Yes it doesnt have the range as many other EVs but its like a hidden gem. I wanted to "try an electric" and i believe the Audi Etron is a damn good deal if youre not looking for ultimate range or anything. The charging of it at level 3 ccs dc is usually 22-25 minutes as well for up to 80%. Looking at them currently and they have dropped below 26-29 as of current searches.

[@10-cent-cup-a-Joe]

So many people spend their lives chasing the next shiny thing.

[@baabaabathsheba9107]

I bought an old Porsche 944 and it went up in price. Never failed an MOT either. Lovely car.

[@kjfight187]

You total me to wait! I emailed you months ago! Thank god I listened to you! Bravo Lucky! I might have come see you in Vegas! I’m interested if the ev drop a little more

[@AdrianCubed]

The irony is the entire car market post 2015 has moved into treating cars like phones - like a piece of tech that with all the screens will be laggy, obsolete in 10-15 years. It's goign to get worse as cars are embedded with more technology that cant be repaired or worse, mechanics will need engineering degree's to fix and then the software unlock and pair parts. 2015-2025 is the last golden age of cars the right balance of tech, analog function and reparability, reliablity and longevity. I dont see anyone holding onto their all screens Mercedes Benz or Tesla for the next 25 years like some people used to holdon to their classic modern cars.

[@LuckyLopez777]

well said

[@johnnyquid-xj4kk]

People who can afford a Tesla don’t keep their vehicles for long. They ain’t worried about their screens going bad 20 years from now. Hey, not everyone is broke.

[@davidtevs-narrowgaterevival]

Ouch 🤕 poor Tesla folks

[@LuckyLopez777]

$$$$$

[@sherirottweilersforever7772]

They are mostly lefties who now hate Elon Musk for helping Trump. I don’t feel sorry for them.

[@johnnyquid-xj4kk]

yeah, so poor. sniff sniff

[@Mark-qw8lc]

But is RIvian going to still be in business by 2027?

[@LuckyLopez777]

them and lucid air ????

[@samabdel8676]

@@LuckyLopez777Lucid got PIF backing them since the day one

[@raymondreiff8170]

Start building affordable ice Cars, Will they probably not, But I would.

[@Mental_Egg]

Lucky Called It!!!

[@DennisKrok-s6p]

Hilarious that punters thought they would make money on these milkfloats. Car drop in value although I did purchase an 87 911 in 08 for 20 grand...mint condition and it is the only car in my garage that has gone up in value. Great content and I always look forward to your videos.

[@Four_Eyes]

oof cybertruck trading like a meme coin

[@foolishEmporer]

THese are all luxury cars. What about the low end models? Model 3, model y? I got a model 3 with a tax credit, and the value is still high

[@Chinese080808]

Lucky, the cars can be much cheaper but will the insurance be cheaper as well or do the insurers have us by the balls? 😮

[@n4870s]

every time I tell my EV friends that ev car prices plummet, they tell me to give them an offer and they will buy it. They say the crash is only on youtube, not on real market. How do I respond to that. From Europe.

[@michaelnash2972]

Go online and find out what the wholesale value is and offer them that. They’ll laugh but you’ll be laughing when they go to trade in.

[@philw7835]

i think soon people are gonna realize EVs' depreciation is much linear than ICE vehicles.

[@sdrjr3562]

Very informative! Thank you.

[@southerncali88]

I just went on Tesla last night and the model 3 performance package is still insanely priced. I’ll wait for the massive drop.

[@JA-zh5xi]

Cyber trucks will be $50k trucks in a year and really worth half that.

[@Hemibuck95]

Please do a video on that horrible new "muscle EV" Dodge Charger. They want more for that than a Tesla and it's slower than a Telsa 🤣 I'm guessing it's also gonna lose over 50% in a year.

[@s2kroma303]

One of the Cybertrucks on BAT you showed was my sold CT, I was lucky enough and might have been the last person to sell CT on BAT for a little profit. But yeah CT is an awesome truck, one day I'll buy another one but definitely not a price they are selling now.

[@rustybumperclassics6342]

Cybertruck is such a scam

[@LuckyLopez777]

overprices. underdelivers

[@rjobrien7805]

Lots of ads on fakebook marketplace trying to dump brand new ones for 110k. Who would want to catch that falling knife.

[@rustybumperclassics6342]

@rjobrien7805 for that price it better fly, go under water, float, hover, etc.

[@rjobrien7805]

@@rustybumperclassics6342 The ultimate albatross. lol

[@kjfight187]

I love the Rivann and porsche. Especially if they drop even more

[@Someone_Cool.x3]

This show essentially writes itself. If you're an idiot and purchase a vehicle at launch and expect it to go up in value I don't feel bad for you. TESLA intentionally reduces pricing and puts pressure on the entire automaket. They have record profit margins compared to any mass manufacturered ICE automaker. As battery material pricing comes down (30% this past year) so will EV prices...not rocket science here, just economics 101. Long term, EVs will be wayy cheaper than ICE vehicles.

[@mikeely9732]

EVs are a good option for some people, but there shouldn’t be a mandate to buy them, let the market decide.

[@dansgarage4572]

I paid 20k for my early production model 3 in 2023, took the used EV tax credit and now it’s probably worth 15k. Crazy times we’re in

[@natashascott8489]

Two years ago my co-worker bought a Tesla for $70,000 in November and the price dropped to $50,000 in December. Crazy!!!

[@snow-uq4gx]

They wanted to file a lawsuit 😂😂😂

[@TechTusiast]

EVs, German and British cars are for millionaires only. If money matters to you, you do not buy Audi, BMW, MB, Porsche, Jaguar, Range Rover, Land Rover or any EV. When you have so much money buying a car is like buying groceries or a shirt, sure, go for it.

[@soun6589]

Somebody paid 200k for an ev hummer? 😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂

[@Someone_Cool.x3]

Yikes! For real...😅

[@JackieGleason-kv4xi]

Don't want an EV....not going to buy an EV. You are catching a falling knife with buying any of them. I enjoyed your video. Well presented.

[@johnnyquid-xj4kk]

So you watch videos to reassure yourself you don’t want one. Got it.

[@JackieGleason-kv4xi]

@@johnnyquid-xj4kk Troll much, Johnny? I watch because his videos are entertaining. I watch his copart videos but I do not want to get a wrecked car. Got it?

[@niacal4nia]

My cousin bought a 42 inch Plasma TV for $5000 20 years ago. Now you can buy a 98 inch TCL TV $1999. EVs are going to be less than gas cars

[@stanmarcusgtv]

EVs are actually a small market Musk stated that EVs were a NICHE and about 6% of the market

[@off-roadingexplained8417]

The most valuable thing I learned from Thomas sowell's book on basic economics was that the value of something is its value in alternative uses... Gas cars are still an alternative to electric.... So it tends to make you think that electric cars could never ultimately be worth more than gas.... Chew on that... By the way... this is also the reason that side by side vehicles are becoming as expensive as used Jeep wranglers... Because that's the alternative... Why is milk so expensive? It's because you have to pay the milk to not become cheese , or ice cream ... Etc....

[@George_Bailey]

Picked up a 2024 Nissan Ariya Evolve+ in April for $4000 for 18 months. Took it on two 1000 mile road trips. Fantastic car. Took me 3hrs longer to drive and about $180 in charging both ways. We're definitely a little ways off for long road trips. Around town it's fantastic.

[@LuckyLopez777]

thanks for sharing

[@randomwalker2134]

The Cybertruck is the next hot knife to drop

[@randomuserame]

Its going to drop like a rock once it gets bloody enough for the regulators to limit its performance capabilities or force a redesign on the shape. That thing FLIES... and not "oh cool that's fast" ... more like "oh wow, someone's going to become a 2-part person, or become spaghetti... depends on which angle they get hit by"

[@sidorpetrov5469]

My Land cruiser doubled in price in 5 years

[@annasad]

Lucky, all these cars are almost Luxury cars and not for average person buying range. Can you make a video on the price dropping on EV's on Model Y, 3 and similar EV models ?

[@Chthonian121]

Everyone: "I'm broke, inflation is too high, I can't pay my bills" Also everyone in 2021: "I just did PPP loan fraud and got 300k magically from the sky. Let's pay 150k over MSRP for a G Wagon hehehehe"

[@eseir64]

Stupidity is a wonderful thing. This is how I win.