18 May '11, 8pm

Buying or Leasing An Electric Car: Why Residual Value Matters

Buying or Leasing An Electric Car: Why Residual Value Matters

2011 Chevrolet Volt Enlarge Photo You’ve read up on the latest electric cars, gone for test drives and are ready to make a purchase. However, there’s one more thing you should consider before singing the contract: how much will your car be worth in a few years’ time? The answer depends on who you ask and could influence your choice to buy or lease. If the Kelley Blue Book is to be believed, a 2011 Chevrolet Volt kept in average condition will be worth just $17,000 in three years’ time , representing a depreciation of 58% over three years. In calculating residual value, Kelley Blue Book and other appraisers would normally look at cars of comparable size, specification and performance, examining real market data to predict how a new model would fare. But just it was hard to find cars to compare against the early Toyota Prius , there are no comparables for cars like the 2011 ...

Full article: http://www.allcarselectric.com/blog/1060221_buying-or-lea...

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