Which Electric Car Model Is The Cheapest To Buy In Ohio
(iSeeCars) – Although they have fallen in recent months, used car prices are still significantly higher than a year ago due to the continued shortage of microchips. Meanwhile, gasoline prices are at record highs to boost demand for electric vehicles.
Due to regional variations in used car prices, budget-conscious used car shoppers who are willing to travel can increase their chances of finding an electric car discount. “When looking at the used electric cars available, used car prices can vary by up to $41,913 between cities,” said Karl Brauer, executive analyst at iSeeCars. “In today’s market, deals on used electric cars are hard to come by, and even after buying a plane ticket or taking a road trip, consumers may find that traveling to buy an electric car from opportunity could be worth it and save a lot of money.”
As part of its recent study on the most and least expensive cities to buy a used car, iSeeCars analyzed the prices of used cars of electric vehicles to determine the cities where they are the most and the least expensive .
When examining local prices for used electric cars, the vehicle with the greatest price disparities had a price difference of at least 38.8% between the cheapest and most expensive cities.
According to the study, Columbus is the cheapest city to buy the Audi E-Tron with Ft. Myers-Naples, Fla. being the most expensive city to buy the electric car.
The Tesla Model S is the vehicle with the greatest price disparity between the most expensive and the least expensive cities. “The average used price of a Tesla Model S is 38.8% or $37,247 less in the Norfolk, Virginia metro area than in Saint Louis, Missouri,” Brauer said. “Contributing factors to the price disparity could include inventory levels and trim distribution, but this shows that Model S used car prices vary significantly from city to city.”
The Volvo XC40 electric subcompact SUV is the electric vehicle with the smallest city-to-city price disparity at 7.0% or $4,170 between its least expensive city of Phoenix, AZ, and its most expensive city of Boston , MY. “The new all-electric XC40 subcompact SUV for 2022 is Volvo’s first all-electric vehicle, and it’s not yet readily available in the used-car market,” Brauer said. “However, even though it has the smallest price gap between its cheapest and most expensive cities, it still presents significant savings.”
It can be difficult to find a deal on a used electric car in today’s market, but expanding your search radius can offer consumers the best opportunity to save more. “Even if you can’t get to town with the biggest savings on your car, you’ll likely find bigger savings beyond your local area within the search radius you’re most comfortable with” , Brauer said.
iSeeCars.com analyzed over 1.3 million 1-5 year old used cars from top-selling models between January and April 2022. The average asking price of each model in each DMA was calculated and the prices highest and lowest were compared. to each other, as well as the national average price. Model/city combinations with low inventory were excluded from the analysis.
iSeeCars.com is a car search engine that helps shoppers find the best car deals by providing key information and valuable resources, like iSeeCars VIN Check Reports and Best Cars Rankings. iSeeCars.com has saved users over $337 million so far by applying big data analytics powered by over 25 billion data points (and growing) and using proprietary algorithms to analyze , rate and objectively classify millions of new and used cars.
This article, the most and least expensive cities to buy electric carsoriginally appeared on iSeeCars.com.
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