When it comes to luxury electric vehicles (EVs), most top brands now offer at least one option, although many start at quite high prices—often over $100,000. If this price tag feels overwhelming, buying a used model might be a smart move, allowing you to save significant money, potentially tens of thousands of dollars.
A recent review highlights five luxury EVs that are more budget-friendly on the used market. Here are some notable options from more recent model years, particularly 2022, which are more available due to lease returns and generally lower prices.
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Polestar 2
The Polestar 2 is a compact sedan known for its unique design and sporty performance. Launched in 2021 by Polestar, a subsidiary of Volvo, it’s a standout choice for those seeking something different. If you’re on a budget, used models are available at reasonable prices. It’s advisable to look for the 2022 single-motor version for better range at a lower cost, while the dual-motor delivers a thrilling drive.- Average used pricing: around $26,000
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Audi E-tron
As one of the early entries in the electric luxury SUV market since its debut in 2019, the Audi E-tron is a spacious and comfortable option that offers smooth acceleration. It has recently been rebranded as the Q8 E-tron with notable upgrades. When shopping for a used E-tron, aim for models from 2020 or newer to enjoy better range and features.- Average used pricing: about $34,000
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BMW iX
While some used BMW iX models can be on the higher end, they’re an excellent deal compared to their original price of around $90,000. Introduced in 2022, the iX offers ample passenger and cargo space along with impressive range and performance. If you’re considering an iX, make sure to check which packages and features it includes.- Average used pricing: approximately $52,000
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Mercedes EQS
The Mercedes EQS has quickly become a popular choice among used luxury EVs, with 2022 models often listed under $50,000, a significant drop from their original cost of over $100,000. Known for its high-tech features and long range, the EQS provides a comfortable ride. Decide if you prefer range or power when selecting your model.- Average used pricing: about $53,000
- Tesla Model X
Notable for its unique falcon-wing doors, the Tesla Model X has been available since 2016, making it relatively easy to find used. This spacious SUV is the largest on this list, offering three rows of seating. Tesla continually updates its software, ensuring your vehicle stays current. Look for 2021 models and newer to enjoy the best features and performance.- Average used pricing: about $59,000
In summary, there are excellent opportunities to find used luxury EVs at discounted prices. With warranties covering batteries for at least eight years or 100,000 miles, potential buyers can feel more secure about maintenance costs. Consider these options if you’re in the market for a luxury electric vehicle without the hefty original price tag.
