All new cars depreciate in value once they leave the dealership. In the leasing world, the ATO enforce set residual values for what a car will be worth in time and states a car loses 34% of its value after 12 months.
This is based on how much people are prepared to pay for a used car and is influenced by 2 main factors:
- Ageing technology and features
- Increased maintenance bills and decreasing reliability.
Electric vehicles are no exception and in some cases depreciate more.
- One reason for this is the rate at which EV technology continues to improve. Electric vehicles currently cost more than their petrol car equivalents, but advances in battery technology and reductions in manufacturing costs mean the price of new models routinely decreases.
- As a result, the premium you pay to purchase a new electric vehicle today may no longer be reflected in the resale price in even just a few years.
With an AGL electric car subscription, you get all the benefits of electric car ownership without the financial risk of investing in new, rapidly advancing technology. Simply drive, swap or return the car.