I just read this article on Automotive News. And they report that Kelley Blue Book is claiming the Volt will be worth $17,000 after three years.
They say that is 51% of the value AFTER the $7,500 tax credit the original purchaser gets. In reality… I think they are undervaluing the car, because the 42% of the selling price of $41,000 is how you should view this. Since the feds have changed the rules on these rebates, it is possible that some people won’t get as much of the rebate, as others.
But this is something that is really tricky. Since there is no incentive in the used car marketplace, where to you put the udes car value for something like this.
Is this car really worth so little, down from $41,000 to $17,000 in just three years. Or do you have to consider it as a $33,500 because Uncle Sam picked up part of the tab.
What do you think?