Originally Posted by rijowysock
seen about 50 cars lately online for less than 5k and low low miles electric drive
curious if there is anyone here with an electric drive and any thoughts/concerns/complaints/issues with them
just doesnt make any sense how there is so many 2014 electrics out there for so cheap!
Great car if you don't mind the limited range or extended charging period. Not only is the initial price low (if purchased gently used) but maintenance is low and cost per mile is low. Very economical.
Don't forget that you are supposed to purchase the battery assurance plus (BAP) plan as well, which costs either $960 a year ($80 per month), or about $7000 if you buy a 2014 and keep it forever, or you can purchase the battery outright for $5000. You do not have to do either of these if the original owner purchased the battery outright themselves, but very few did that (perhaps less than 10%). Some sellers will tell you right in their ad about this hidden cost, while others will claim ignorance. In the latter case, MB may hunt you down to enforce this policy, although there is some debate on that. There is also debate on whether MB will continue the BAP program. Other electric cars do not require any such annual battery lease, which is why the SMART ED sells at a substantial discount.
Aside from this hidden cost, these cars are coming off lease in abundance right now, which is driving down the cost. Also, a newer model of the ED is coming out in just months, so many buyers are waiting to purchase that. Also, SMART ICE cars had bad publicity recently with a gas tank issue, which is driving down demand for all SMART cars. Finally, SMART has discontinued selling SMART ICE cars, which may or may not be further depressing demand. Additionally, other electric cars are increasing their range, which is decreasing demand for SMART ED. Add it all up, increased supply and decreased demand makes the price go down.