Are used electric cars finally becoming the smart buy? With fuel prices pushing toward £2.00 per litre, more drivers are asking whether now is the time to switch to a second-hand EV. In this video, we look at the real-world costs of running an electric car vs petrol and diesel, how falling used EV prices are changing the market, and whether buying a used Tesla or other electric vehicle actually saves you money in 2026. We break down: • Used EV prices and why they’re dropping • Cost per mile vs petrol and diesel at £2.00/litre • Battery health and what to check before buying • Charging costs at home vs public chargers • Best value second-hand electric cars right now • Tesla Model Y / Model 3 used market insights • Is depreciation slowing for EVs? • Who should (and shouldn’t) buy a used EV With fuel costs rising and more used electric cars hitting the market, this could be the turning point where second-hand EVs make more financial sense than ever. Thinking about buying a used electric car? Watch before you decide. #UsedEV #ElectricCar #Tesla #FuelPrices #EVUK #UsedTesla #ElectricVehicle #CarBuying #EVReview #ModelY #SecondHandEV
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Yes. Not because of the fuel prices but because you can get an amazing car, 2-3 years old that has already depreciated.
I had a diesels only in the household until last year, changed both cars and got solar/battery storage like a proper hippy. Haven't looked back since, just had a electric price reduction from Octopus and now it costs less than £3 for 260 miles. It only works for me as I can charge at home, long journeys have been no problem either, the car is charged at the services before my foods ready at subway. Each to their own though.
Time to trade in the old petrol car and buy a used electric car I think.
Yes. Easy answer. Especially if you're in the us since home charging can be as cheap as lik 5 cents per kWh... But in general yes. Way more efficient and powerful and cheaper to run and maintain
We came out of a company car EV last year (Polestar) and had to pick up a replacement. We bought a 2021 (china made) Model 3 standard with 50k miles for £15k. The suspension had an issue which the dealer agreed to pay for (£2k at their expense!) and we have had the boot spring pop which cost £140 and has broken part of the rear section of the window. The car itself has been great value for money so far and the Tesla network is so much better than non tesla. The build quality could do with a bit of work but generally has been good other than the boot issue. We are planning on keeping it for at least 3 or 4 more years anyway. Distance is plenty considering its mostly local driving and saved us a tonne on fuel. Despite what my mates say, its also not blown up....yet :D
Dan, would you recommend buying secondhand or leasing for these teslas in the long run? Secondhand means your own the car at the end essentially whereas leasing means you hand the car back and your left with nothing but an experience I’m looking at a 2024 model Y just like yours as it still will have two years remaining on the basic warranty to cover suspension et cetera and anything that goes wrong alongside eight year battery and motor warranty. I test drove the new Juniper model and loved it, however knowing I can get 90% of the same car for half the price makes more logical and financial sense, so may stick with the cash buy and get a 24 plate model Y for 22-24k
Fuel prices aren't sky-rocketing near me. The war will be over in a few weeks and everything will be back to normal.
Less than 1p a mile in electricity to drive my EV. Absolute no brainer.
I'm buying one this weekend all the ones iv wanted to buy have been sold within a day or so I left a large deposit on this one so this one will be mine
No
We did - back in January. 2021 Model 3 LR AWD that had done 60,000 miles. Less than 14k. Absolutely love it!
Great video Not sure if anyone can help chime in but I’m 25yrs old and am looking to get one. (Ive checked insurance prices already). However, I am concerned about the repair costs for highlighted common issues, such as the control arms and suspension. How have people found maintenance costs on their model 3?
I have a caravan So at the moment no as a main car But we have just bought a 18 month old Corsa E runabout for less than 1/2 price
We may need some more tesla content 😆
Nope. The cataclismic drop in residuals caused by the massive reductions in new cars along with lease deals means that you can lose far more in residuals than you may save in fuel.
I literally learnt nothing watching this video. It is completely absent of any facts or data.