Used luxury EVs from £29k, including a £45k BMW i7
Whoever bought a BMW i7 new three years ago has watched well over half its price disappear, which is rotten luck for them and a gift for anyone shopping second-hand. Better still, a luxury EV registered before April 2025 escapes a tax that a new one pays for five years. If you’ve ever fancied a [...]
Luxury electric vehicles (EVs) from renowned manufacturers such as BMW, Porsche, BMW, Audi, and Mercedes are witnessing a significant drop in value, with three-year-old models often fetching less than a third of their original price. This trend offers an attractive opportunity for potential buyers seeking used luxury EVs.
Porsche Taycan stands out as the most depreciated luxury EV, with an average new price of £162,255 and an expected value after three years at £50,475. This means owners can anticipate a loss of around £111,780. Similarly, the BMW i7, priced at £143,530 new, is forecasted to lose about £97,480 in value after three years, with three-year-old models listed from £43,998.
Other notable EVs with steep depreciation include the BMW i5, expected to lose £75,395 of its value, and the Audi e-tron GT, which is expected to lose around £74,725. The Mercedes EQS and EQE also suffer significant depreciation, losing approximately £72,165 and £72,165 respectively after three years.
It is essential to note that these figures are estimates, and actual values may vary based on factors such as mileage, condition, and demand. Additionally, the tax benefits associated with owning a pre-2025 registered luxury EV can make these vehicles even more appealing. Buyers should consider these factors when exploring the used luxury EV market.
Written by urgent.news from City AM's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
