14/10/2026
DON’T BUY AN EV.
Now I’ve got your attention… unless you’ve considered the following. 👇
EV technology is moving quickly. Batteries, range, charging speeds and features keep improving. Meanwhile, some manufacturers have been cutting new-car prices.
Great news when you’re buying. Slightly less exciting when you bought yours six months ago.
You could buy a new EV today, then see the same model advertised for less — or an updated version arrive with better features at a lower price.
Your car hasn’t suddenly become worse. But the brand-new alternative just became more attractive.
And that can drag your resale value down.
This isn’t just showroom speculation. In its September 2025 market report, the Australian Automotive Dealer Association identified new-EV discounts flowing through to lower second-hand prices.
So, before signing:
🔹 THINK BEYOND THE NEXT TWO OR THREE YEARS.
If you’re buying new, consider keeping it longer. That won’t prevent depreciation, but it gives you more years of use before selling.
🔹 CONSIDER BUYING USED.
The previous owner may have absorbed a sizeable initial drop. And used doesn’t automatically mean a tired battery: Pickles’ Q3 2026 report says more than 2,500 EVs it tested averaged 96% battery health.
That’s a sample average — get a report on the actual car you’re buying, check its remaining warranty and confirm recall work is complete.
🔹 WORK OUT WHERE YOU’LL CHARGE.
Home charging and regular public fast charging can produce very different running costs. Use your actual tariffs and driving habits.
🔹 CHECK YOUR EXIT MATHS.
Before your loan or lease ends, get current valuations and compare them with your payout or residual, including applicable GST.
A balloon payment is an amount you owe. It isn’t a promise of what the car will be worth.
An EV could be a great fit. Just give the ownership costs and exit plan as much attention as the touchscreen.
We make finance black and white.
General information only. Vehicle values, battery condition and finance suitability vary.
Thinking about financing your next car? Let’s talk through the numbers:
