Mercedes-Benz wants your fleet ownership more cost-effective with a Sprinter EV (an eSprinter) from our lot near Cherry Hill. But if you plan on selling one of these high-end commercial vans at some point, you might be worried about this electric vehicle’s resale value. We can reassure you that, even though your Sprinter vans will get a workout on Pennsauken roads, you can have peace of mind regarding an electric car’s resale value.
Our guide will explain how range affects EV resale value and what can increase electric vehicle resale value. We think you’ll be impressed with a new eSprinter in your fleet garage!
The range does affect EV resale value. Look for a commercial EV with a range of 250 to 300 miles for your business operations. The eSprinter’s maximum range is about 249 miles, but that’s still plenty thanks to the many public charging stations in and around Moorestown. Range anxiety is not an issue with this commercial van.
So, the range does affect EV resale value because drivers want to reach their destinations without a problem and without needing to recharge.
Rang affects EV resale value markedly. An extra 10 miles of range increases the resale price of EVs by approximately 5%. Need more info? After two years, an EV with a range of 100 miles has a resale value of 67% while one with a range of 250 miles has a resale value of 73%. So always look for one with a range of at least 250 miles, which the eSprinter has.
All EV batteries have a warranty of at least eight years or 100,000 miles, whichever comes first. However, EV batteries might last longer. According to EV Connect, EV batteries could last over 200,000 miles when maintained correctly over time.
Many factors can increase an electric vehicle’s resale value.
Depreciation is one consideration. All vehicles lose their original value as soon as someone drives a car off the lot following a purchase. CNBC notes that EVs keep 63% of their value after three years versus 66% for gasoline-powered vehicles, so that is a small difference comparatively.
Refueling costs are also lower for EVs. This makes them a popular choice in places where gas prices are high, like in Maple Shade. Consumer Reports states that EV owners spend 60% less to refuel compared to gasoline. An electric car’s resale value increases if these vehicles are in high demand, and demand increases the value. Plus, fleets are all about saving money and being more cost-effective. EVs cater to that.
Regular maintenance may increase an electric vehicle’s resale value, just like it does for gasoline-powered vehicles. Tire rotations are vital because tires wear out faster on EVs since the battery packs are heavier than an internal combustion engine. We recommend a tire rotation every 5,000 miles for best results. Even with tire wear, EVs cost 40% less to maintain than gasoline-powered vehicles, notes a study from Yale University. That’s a large sum of money over the lifetime of your vehicle, and the more EVs in your fleet, the more money you save on vehicle maintenance.
We invite you to get behind the wheel of a new eSprinter today. Contact us or call 856-209-0005 to schedule a test drive with our team!
