frontrangeleaf
Posts: 176
Joined: Sat Aug 03, 2019 10:07 am
Delivery Date: 08 Jul 2019
Location: Denver Area

New Federal GREEN Act - Impact on used EV prices?

Fri Feb 12, 2021 11:50 am

There's movement afoot to restore EV incentives looking forward - up from 200,000 units to 600,000 units so that Tesla and GM are no longer disadvantaged for having had some success in the market. Good news for folks thinking about buying an EV, at least from them, and likely not bad news for Nissan, since they're next in line to hit the current limit.

No question that incentives have helped move EVs.

That said, as a guy who currently owns a 2019 SL Plus, one who might be selling our car once the weather turns, what do folks here think about the likely impact to used EV prices?

I'm guessing that any increase in EV sales will possibly stimulate more interest, and since the incentives aren't growing any larger in the proposed bill and are already priced into current used EV pricing, there might be a slight increase in demand, but nothing to worry about. Maybe a positive, likely not a negative.

Thoughts?
Empty-nesters - NW Denver-Boulder Area

2019 Leaf SL Plus
2015 Audi Q5 TDI
2007 BMW Z4 3.0Si
2012 VW GTI: SOLD

LeftieBiker
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Re: New Federal GREEN Act - Impact on used EV prices?

Fri Feb 12, 2021 11:54 am

Used EV incentives will hurt the prices/value for late model used EVs (with some mitigation if the incentive applies to them), but boost the prices of older ones.
Brilliant Silver 2021 Leaf SV40 W/ Pro Pilot & Protection
2009 Vectrix VX-1 W/18 Leaf modules, & 2 lithium E-bicycles.
BAFX OBDII Dongle
PLEASE don't PM me with Leaf questions. Just post in the topic that seems most appropriate.

frontrangeleaf
Posts: 176
Joined: Sat Aug 03, 2019 10:07 am
Delivery Date: 08 Jul 2019
Location: Denver Area

Re: New Federal GREEN Act - Impact on used EV prices?

Fri Feb 12, 2021 12:10 pm

LeftieBiker wrote:
Fri Feb 12, 2021 11:54 am
Used EV incentives will hurt the prices/value for late model used EVs (with some mitigation if the incentive applies to them), but boost the prices of older ones.
Hmmm. Interesting. Why would that be? Boost the prices of older ones?

I get that incentives mean a dollar for dollar reduction in resale value for used vehicles, in general. But I'm not following your thinking entirely.

Actually, come to think of it, if net Tesla prices drop again, the bottom will fall out of the Leaf market. I hope they take their time passing this... I don't want to sell an EV in the winter time. Want to wait a few months.
Empty-nesters - NW Denver-Boulder Area

2019 Leaf SL Plus
2015 Audi Q5 TDI
2007 BMW Z4 3.0Si
2012 VW GTI: SOLD

LeftieBiker
Moderator
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Joined: Wed May 22, 2013 3:17 am
Delivery Date: 30 Apr 2018
Location: Upstate New York, US

Re: New Federal GREEN Act - Impact on used EV prices?

Fri Feb 12, 2021 2:09 pm

Hmmm. Interesting. Why would that be? Boost the prices of older ones?
If a seller and a buyer both know that the buyer will get $1k back for buying a used Leaf, then the price will likely go up by ~$500.
Brilliant Silver 2021 Leaf SV40 W/ Pro Pilot & Protection
2009 Vectrix VX-1 W/18 Leaf modules, & 2 lithium E-bicycles.
BAFX OBDII Dongle
PLEASE don't PM me with Leaf questions. Just post in the topic that seems most appropriate.

GerryAZ
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Delivery Date: 12 Jun 2011
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Re: New Federal GREEN Act - Impact on used EV prices?

Fri Feb 12, 2021 9:21 pm

If incentives were offered to buyers of used EV's, it should increase the selling prices a little (maybe half of the incentive as Leftie suggested). Extension of incentives on new EV's that are already beyond the 200,000 vehicle limit will help those manufacturers at the expense of other manufacturers and used EV sellers.

Is Nissan still below the threshold so that the full $7,500 tax credit is available? I got a call from a salesman at my dealer trying to get me to trade up. I first said I was not interested, but finally said I would consider going to look tomorrow if he has an SL Plus with light color interior (and with a recent manufacture date). He promised that they have such vehicles in stock, but I have my doubts--I will find out tomorrow.
Gerry
Silver LEAF 2011 SL rear ended (totaled) by in-attentive driver 1/4/2015 at 50,422 miles
Silver LEAF 2015 SL purchased 2/7/2015; traded 8/10/2019 at 82,436 miles
White LEAF 2019 SL Plus purchased 8/10/2019

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