The new Volvo EX30 is very popular in both Denmark and Sweden. But now a Swedish calculation shows that the loss in value is a nightmare.
The new Volvo EX30 has experienced a significant loss in value in a short time, which has made the popular electric car more attractive to used buyers. But it is a nightmare for the first owners.
This is shown by a review from the Swedish newspaper Aftonbladet .
When new, the EX30 is a really bad investment – especially if you choose the large battery and extra equipment – the car's value drops with lightning speed.
According to Aftonbladet, a Volvo EX30, which has only a short 2,930 kilometers, has already dropped by 182,000 Swedish kroner from the new price, and even almost factory-new models are sold with discounts of up to 90,000 Swedish kroner.
According to a car economist, however, Volvos are experiencing no different than Tesla's customers were in when that car brand lowered prices drastically.
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Bileconomist Ronny Svensson compares the development to what happened when Tesla lowered their prices significantly about two years ago.
Svensson explains how motorists who had bought a Tesla for the price reduction felt cheated by the sudden depreciation.
– It is exactly the same feeling as those who had a Tesla, when Tesla lowered the price by 100-150,000 Swedish kroner. They felt cheated, he says to Aftonbladet.
When Tesla started lowering the price, Boosted also heard from frustrated owners. Blue. a Model Y owner who had lost a whopping 250,000 kroner overnight.
The decrease in value of the Volvo EX30 corresponds to approximately DKK 40 per short kilometers. This situation contrasts with the general impression that Volvo cars tend to hold a high second-hand value.
For owners who have had to sell their EX30 after less than a year, in practice it could have been cheaper to use a limousine service instead.
Second-hand buyers, on the other hand, can take advantage of the situation, as the large loss in value that the first owner has typically had to take makes the Volvo EX30 more economically advantageous for the next owner.
Many of these cars are also stock cars, which are sold with additional discounts, often over SEK 100,000.
Volvo's Danish dealers also offer private leasing as an option for those who wish to avoid the risk of further loss of value.
It is currently possible to lease a brand new Volvo EX30 with the larger battery for a monthly payment from DKK 3,795.
Which in many cases is more economically advantageous than buying the car by putting all the money on the table at once.
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