Maximize Your EV/PHEV's Resale Value: Pre-Sale Inspection Tips
Selling your EV: 5 things to consider - resale value, financing, etc.
Electric vehicles (EVs) and Plug-In Hybrids (PHEVs) are becoming increasingly popular as people look for more environmentally friendly transportation options. While these vehicles can be a great investment, they do come with their own unique set of potential issues. As a seller, it’s important to identify and address any issues with a used vehicle before putting it up for sale. This not only helps you get a better price for the vehicle, but it also ensures that you are selling a safe and reliable product to the next owner.
Here are some tips for identifying potential issues with your EV or PHEV before you sell it:
1. Check the battery life
One of the main concerns with EVs is the lifespan of the battery. These vehicles rely on a battery pack to power the electric motor, and if the battery isn’t working properly, the vehicle won’t be able to drive. In order to get a good price for your car, it’s important to ensure that the battery is in good condition.
To check the battery life, you can:
- Check the vehicle’s warranty information. Many EVs and PHEVs come with a battery warranty, which can cover the cost of replacing the battery if it fails before a certain point. If the warranty is still in effect, this can be a selling point for potential buyers.
- Monitor the battery’s range. Most of these vehicles have a range indicator on the dashboard that shows how far the vehicle can go on a single charge. If the range has significantly decreased over time, it could be a sign that the battery is wearing out.
- Test the battery’s performance. Some electric cars have a “hill climb” or “acceleration” test that you can use to gauge the battery’s performance. If the vehicle struggles to climb a hill or accelerate quickly, it could be a sign that the battery is not performing as well as it should.
2. Inspect the electric motor and drivetrain
The electric motor and drivetrain are the components that power the vehicle and transfer that power to the wheels. If these components are not functioning properly, it can lead to problems with the vehicle’s performance and reliability.
To check the electric motor and drivetrain, you can:
- Look for any visible signs of damage. If the electric motor or drivetrain has been damaged, it could be a sign of a problem. Look for any visible cracks or dents on these components, and listen for any unusual noises when the vehicle is running.
- Test the vehicle’s acceleration and braking. If the vehicle struggles to accelerate or brake properly, it could be a sign of a problem with the electric motor or drivetrain.
- Check the vehicle’s maintenance records. If the previous owner kept good records of the vehicle’s maintenance, it can give you an idea of whether the electric motor and drivetrain have been properly maintained.
3. Check the charging system
EVs and PHEVs rely on a charging system to power the battery pack and keep the vehicle running. If the charging system is not functioning correctly, it can lead to problems with the vehicle’s performance and reliability.
To check the charging system, you can:
- Check the charging port. Make sure the charging port is clean and in good condition, and try plugging in the charging cord to make sure it’s functioning properly.
- Check the charging cord. Make sure the charging cord is in good condition and not frayed or damaged.
- Monitor the charging process. If the vehicle takes a long time to charge or the battery doesn’t seem to be holding a charge as well as it should, it could be a sign of a problem with the charging system.
4. Check the brakes
The brakes are an important safety feature on any vehicle, and it’s important to make sure they are in good working order before selling your used EV/PHEV.
To check the brakes, you can:
- Check the brake pads. If the brake pads are worn down, it could be a sign that you need to replace them.
- Check the brake fluid. Make sure the brake fluid is at the correct level and doesn’t look dirty or contaminated.
- Test the brakes. Take the vehicle for a test drive and make sure the brakes are working properly. If the brakes feel spongy or don’t seem to be responding correctly, it could be a sign of a problem.
5. Check the suspension and steering
The suspension and steering systems are responsible for keeping the vehicle stable and allowing you to control the direction it’s going. If these systems are not working properly, it can affect the vehicle’s handling and safety.
To check the suspension and steering, you can:
- Check for any visible signs of damage. Look for any cracks or damage to the suspension components and make sure everything is securely attached.
- Test the vehicle’s handling. When you drive with it, pay attention to how it handles on the road. If the vehicle feels unstable or difficult to control, it could mean that you have a problem with the suspension or steering.
- Check the alignment. If the vehicle’s wheels are not properly aligned, it can affect the vehicle’s handling and cause uneven tire wear. Pay attention to if your car is pulling to one side when driving, it’s one of the most common ways to know if there is an alignment issue.
6. Check the tires
The tires are an important part of any vehicle, and it’s important to make sure they are in good condition before selling your car.
To check the tires, you can:
- Check the tread depth. If the tread on the tires is worn down, it could be a sign that the tires need to be replaced.
- Check for any visible damage. Look for any cuts, bulges, or other damage to the tires, and make sure the tires are properly inflated.
- Check the tire pressure. Ensure the tires are inflated to the correct pressure, which can affect the vehicle’s handling and fuel efficiency.
By following these tips, you can identify any potential issues with a used vehicle before you sell it. Of course, taking your car to a mechanic would probably tell you more about it, but it’s a great way to start and possibly save some money. On top of that, this not only helps you get a better price for the vehicle but also ensures that you are selling a safe and reliable product to the next owner. With all that checked, we can then only recommend using Cardino to sell your used EV or PHEV can help streamline the process and ensure that you are getting the best price for your vehicle. With its easy-to-use platform and connections to European car dealers, Cardino takes the stress out of selling a used car and helps you find a buyer quickly and efficiently!
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