A simple Answer TO yOUr Question
What happens to EV resale value after 3 years?
EV resale values have been volatile. The used EV market saw dramatic swings from the highs of 2021-2022 to the corrections of 2023-2024 as new EV supply increased and incentives changed. Generally, high-demand models like Tesla Model Y retain value better than average, while less popular EV nameplates can depreciate 40 to 50 percent in three years. This depreciation risk is one of the strongest arguments for leasing rather than buying.
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The Smart Buyer's Guide to Leasing vs. Buying in 2026
Discover:
✓ When to lease vs. buy
✓ Hidden fees to watch for
✓ Tax benefits for business owners
✓ Current manufacturer incentives
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