A car dealership is usually the first place where car buyers learn about Gap insurance, especially if they’re financing their purchase through the dealer. But they don’t have to buy it from the dealer, and they don’t have to buy it immediately, says Paul Nadjarian founder and CEO of Mojo Motors, which tracks used cars at dealerships. [keep reading]
Tesla is facing the best kind of problem an automaker can have —they can’t produce enough cars to meet the demand. That’s especially impressive when you consider the Model S starts at over $70,000. Other manufacturers aren’t quite as lucky as Tesla, but overall the market for EVs (Electric Vehicles) and PHEVs (Plug-In Hybrids) is growing at a steady clip. The world is getter greener, and we’re not referring to these green cars. These days, Nissan Leafs and charging stations are a normal sight in parking garages and driveways around the US. With 126,000 all-electric vehicles and 142,000 plug-in hybrids sold in the US between 2010 and 2014, a market for used electric vehicles has finally emerged.
At over 70,000 cars sold, the Nissan Leaf is leading the charge (no pun intended). The Leaf also stands out as the only EV to sell over 10,000 units in its first year of availability. Most EV models have only been available for a year or two, although a small batch of Toyota Rav4 EVs was rolled out in the early 2000’s.
While depreciation hurts the original buyer, it helps those looking to buy used. More than 70,000 of the EVs sold are 2 years old or more, and many can be found for half the MSRP of a new model. We explored MojoMotors.com to see what the options are for those looking to buy used EVs.
We expected to find dozens of Nissan Leafs for sale, but we weren’t expecting the prices to be so low. For under $15,000, you can step into a Nissan Leaf with under 30,000 miles. A comparable Mitsubishi i-MIEV could be had for even less. The Nissan Leaf also faired well in our electric vehicle cost per mile comparison, making it an excellent value. Since Nissan guarantees the battery to last 8 years/100,000 miles, any Leaf for sale should still have many miles to travel before diminished range becomes an issue.
If you’re seeking something more luxurious and unique than the Leaf, ze Germans have what you are looking for. BMW began selling the i3 just last year, but there’s already several for sale on the used market. The BMW i3 has a range comparable to the Leaf, but has a more upscale feel and much more appealing interior, especially for those who respect wood. The exterior styling is admittedly love-it or hate-it, but it certainly has more flair than other EVs. With only 14 used i3s available on Mojo (and most of those in California) you better be prepared to travel to pick one up.
Here is something we weren’t expecting to find at all —an original, 1st generation Toyota Rav4 EV. The EPA rated its driving range at an impressive 97 miles on a single charge, although that number has surely dwindled over the many years. Toyota produced 1,400 from 1997 to 2003 and its estimated that 500 are still on the road today. As of the publish date, this beauty is still available. You can see the listing here.
The second generation Rav4 EV was developed in collaboration with Tesla but unfortunately didn’t inherit Tesla-level range, instead maxing out at 103 miles per charge. But it does have 154hp, which dwarfs the 64hp from the original Rav4 EV. It also comes with modern features, such as an infotainment system. The original Rav4 EV doesn’t even have a way to tell the driver the remaining range, but its still impressive that some are on the road to this day.
Remember the 1980’s movie “Twins”, where Arnold Schwarzenneger and Danny DeVito were brothers resulting from a genetic experiment? Well, think of the i3 as Danny and the i8 as Arnold. After you step in through the i8’s swan-wing doors, you can do 0-60 in 3.8 seconds and forget entirely that you’re in a plug-in hybrid.
The 357hp BMW i8 looks like a supercar from the future because that’s exactly what it is. It doesn’t compete with other hybrids, it competes with Audi’s R8, Porsche and other traditional supercars. The one shown here is the top-of-the-line Pure Impulse model that comes with exclusive features.
With plugins and hybrids projected to make up 7% of the global light vehicle market by 2020, we can expect steady growth in the used market. Even without the $7,500 federal tax credit (which only applies to new cars) you can still get a great deal on a used EV thanks to high depreciation. With improved battery technology and good factory warranties, diminished range becomes less of an issue. Therefore, if you’re looking to save money while getting your Al Gore on, it’d be wise to shop used.
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Written by Tristan Cathers
Graphics by Sam Jackson
The automotive industry is changing rapidly. There are more than a quarter million electric cars on American roads, some of which have a range over 200 miles in between charges. It is legal to operate driverless cars in five states and at least 7 automakers will launch driverless cars by 2020. Will 3D printing, the Star Trek-esque technology that’s been all over the news lately, be the next technology to disrupt the auto industry? The short answer is, yes. It already has. [keep reading]
Car enthusiasts catch a significant amount of flack from eco-friendly folks. Climate change is happening, and in 2015 it’s tough to be passionate about something that ultimately harms our environment. That’s why Mojo Motors has made it our resolution to become more green in 2015. Our first step on the road to biological bliss it to show Mojo shoppers the greenest cars available today.
Considering the abysmal 11/18 MPG it retrieves from the 691hp V12 engine, the Lamborghini Aventador doesn’t seem like a green car on paper. But then you take a look at this baby and BAM! Undeniably green. [keep reading]
The Hobbit: Battle of the Five Armies is the final installment of The Hobbit series, and undeniably one of the biggest movie releases of 2014. Writer and Director Peter Jackson takes us on an epic fantasy adventure filled with Elves, Dwarves, Orc armies and giant bats. But as automotive enthusiasts, we’re most anxious to see what kind of cars they drive down in Middle Earth. That’s why we’ve put together this completely legitimate article of best cars from the film.
Here we see Bard the Bowman face to face with Smaug, the bone-chilling dragon that invaded the Dwarf Kingdom of Erebor. Luckily Bard has his own reptilian beast, a 545HP Nissan GTR known as Godzilla. [keep reading]
Here in the Northeast, winter means fresh snowfall and donuts in the supermarket parking lot. But, it’s not all fun and games. Check out these GIFS if you want to see why. Winter weather tends to exacerbate car problems, so it’s smart to spend a few hours getting your car ready before the cold weather sets. Many of these suggestions are things you should already be doing year round, such as oil changes. But with the cold temperatures adding extra strain, it’s critical that your car is in good repair. [keep reading]
Sorry, it is not that our Creskin powers are weak — they are non-existent when it comes to the arrival of the first autonomous cars. Why? I predict that an auto manufacturer out of left field will be the first out of the gate. Or Google will. In any event, check out this cool chart from MojoMotors.com that shows manufacturer predictions. [keep reading]
Car shopping can be about as fun as chasing down electrical problems on a fifty-year-old British sports car. Between dealership runaround, price volatility, and variables from site to site, buying a vehicle can take hours of work and a ton of cross-shopping. But it doesn’t have to be that way. Enter Paul Nadjarian. [keep reading]
Article by Bill Griffith for boston.com
Snowbirds and parents driving college students along the East Coast on a regular basis quickly realize that gas prices are lower in New Jersey, Virginia, and South Carolina. Conversely, it’s best to avoid filling up in Connecticut, New York, Pennsylvania, and North Carolina. The reason? State taxes on gasoline vary considerably around the country. A tip of the cap goes to Sam Jackson and New York-based car-shopping website MojoMotors.com for compiling the countrywide data. One of the reasons for doing the study, notes Jackson, is the pending global warming tax that California is scheduled to implement on January 1, adding a predicted 15 cents per gallon. [keep reading]
The folks at Mojo Motors came up with another interesting infographic which deals with car model names. Specifically, they grouped many car model names in groups of: Location, Adventure, Nature, Cultural, Transportation, Power, Futuristic, Versatility, Speed, Musical, Human Names, and Technology. [keep reading]