Used Hybrid and All-Electric Cars
Pulling off a trick normally performed only by the most exotic supercars, market information suggests that, hybrid and all-electric cars, are now becoming such popular used cars that their appreciation in value could cover their running costs.
For example, the latest figures (March 2018) from industry analysts at cap hpi, show that a one year old Peugeot iOn, an all-electric city car, increased in value by almost nine per cent last year, adding £425. The Vauxhall Ampera went up by some five per cent (£725) and the most popular of them all, the Nissan LEAF saw a rise of around £450.
There is an avalanche of pointers showing that the surge in sales of Alternatively Fuelled Vehicles (AFVs) in the new car market is being echoed in the used car sector. Online market portal, Auto Trader, revealed that between 2016 and 2017 internet searches for hybrids rocketed by 65 per cent overall and by 84 per cent for pure electric cars.
The Society of Motor Manufacturers and Traders has just unveiled figures showing that in 2017 demand for second hand petrol-electric hybrid cars rose by 22 per cent to approaching 75,000 and for zero emission electric vehicles by 77 per cent, with 10,200 changing hands in the year, the first time this type of car has broken into five figure sales.
No one is denying that there’s still a lot of ground for AFVs to cover to catch up with standard petrol or diesel cars, but equally, no one in the industry disagrees that private motorists, looking for a used car, are increasingly looking at hybrids.
This is a trend that can only continue as:
(a) more recharging points become available
(b) more cities roll out emission-based zones
(c) tax on internal combustion engines goes up
(d) cars trickle down from the new car market in rapidly increasing numbers
(e) batteries become faster to recharge and hold more energy
Chris Plumb, of cap hpi, said:
Sales continue to soar in the EV market as drivers have weighed up the benefits of ownership such as greatly reduced motoring costs and other incentives around driving an alternative to petrol or diesel.
Our latest analysis shows that drivers who buy the right EV can still make money on a sale after running it for a year and adding 10,000 miles. This will be a major factor in persuading more drivers to go down the EV road. EVs and plug-in hybrids provide a good balance between range and efficiency plus the economic benefits for motorists can be enormous, offering big savings on fuel and tax costs as well as much lower maintenance costs.
One big caveat, if you’re thinking about buying an AFV, check the battery pack has a good warranty on it, because replacing it can cost thousands and effectively makes the car scrap.
Examples of second hand AFVs:
Honda Jazz hybrid
The brand new Jazz won’t get its hybrid engine until later, but there are plenty of examples available from the earlier generation. These are petrol/electric with a 1.3 litre engine, a 60-plus average mpg and CO2 emissions of just over 100 g/km.
As with all the Jazz models, the hybrids have a reputation for being bullet proof and the interior is still one of the cleverest, most practical and family friendly of any in this size of car.
Prices range from approximately £7,000 for a 2011 car with maybe 40,000 miles on the clock and go up to £10,000.
The battery version of VW’s popular five door city car, the e-Up! can get an 80 per cent charge in around half an hour, from a fast charger, or a full top up overnight from your domestic supply. Once ready, the car should give you a decent range and although the claimed range of 99 miles is to be treated with a degree of caution, it still makes a fine second car for urban journeys.
They are not the most plentiful on the used market but you can find them from around £12,000 for a car with a good service history and because of the journeys they are designed for the mileages should be quite low.
Audi A3 e-tron
A relatively rare beast, but well worth searching out. This is a plug-in hybrid so it has a 1.4 litre petrol engine and an electric motor that’s recharged whilst on the move, but you can also top it up overnight. It will run in battery-only mode for probably up to 20 miles which is OK for most urban commutes (the average is 11 miles) and with the electric and petrol engines pulling together the e-tron has a surprising turn of speed.
Price wise, you won’t find much for less than £15,000 but from £17,500 or so you should start to come across 30,000 milers.
The cute little French supermini sized city car has the enormous benefit of being designed from the ground up as a pure-electric car rather than being converted from an existing chassis. It should deliver at least 100 miles on a charge.
With a budget of between £6,000 and £7,000 you ought to be able to find a sub-20,000 mile version with a warranty and if you are lucky, the dealer will also include a home charger kit for you as well.