Top Things to Look Up While Purchasing a Used Electric Car 1

Top Things to Look Up While Purchasing a Used Electric Car

With more manufacturers adding electric vehicles (EVs) to their lineup, there will soon be a market for used EVs. What should one look for while purchasing a used electric car, though?

Here are the top things to consider:

1. Charging infrastructure

It is useless to purchase an electric car if you have nowhere to charge it. Do you have a parking spot that will allow you to charge the vehicle overnight or during the day while you work? Will you have to pay extra to have a fast charger installed at your house or workplace? Does the car have an emergency power cord you can use for emergency charging from a wall socket?

The government has implemented a plan to install the requisite charging infrastructure, but until then, you need to support your EV charging yourself. If a second fast charger will be handy to you but exceed your budget, a used car loan will be a neat solution. Approvals and disbursals for used car loans are quick these days.

2. Warranty on the battery pack

Cars usually have a warranty for their various parts, and EVs are no different. The battery pack is perhaps the most expensive component in an EV, so make sure you are clear on its warranty, both in terms of time and kilometers. It is also advisable to get an extended warranty.

3. Health of the battery pack

Internal combustion engines lose power over time with usage. You can expect a similar case with EVs. So, manufacturers account for this when they build an EV. However, ensure that the vehicle you are interested in does not have a battery pack on its last legs. As battery packs are not currently manufactured in India, you’ll have to pay extra and wait for a considerable period for a replacement.

4. Service support

If you purchase an EV, you will need to service it periodically. Of course, EVs do not need an oil change like regular cars do, but they will still need regular check-ups, software updates, and preventive maintenance. So, ensure you have a suitable service center and EV technician.

5. Your usage

If you have a commute that will drain the vehicle’s battery daily or run it to the absolute end of its range, an EV is probably not a good choice. However, if you have a short commute with a lot of stopping and starting, an EV will be a sensible choice – you can charge it once a week on your days off.

Bottom line

If you have minimal daily usage and space to charge the car while parked, there can be nothing better than an electric car for your commute! Even better, test your experience with a used electric vehicle.

Finding yourself a used electric car might be quite difficult, though, as EVs like the Maini Reva and Mahindra e2o have only been around in the Indian market for a couple of years. However, you will find that getting a second-hand car loan will be far quicker and easier.

Lenders can check your used car loan eligibility on their websites. Should you be eligible, you can look at the used car loan interest rates and even instantly at the possible EMIs via a used car loan EMI calculator on the website.

Ricardo L. Dominguez

Tv geek. Professional twitter buff. Incurable zombie aficionado. Bacon fanatic. Internet expert. Alcohol specialist.Fixie owner, father of 3, ukulelist, Mad Men fan and Guest speaker. Working at the fulcrum of simplicity and programing to create great work for living breathing human beings. Concept is the foundation of everything else.