BUY A NEW CAR OR USED LUXURY CAR? INSURANCE COSTS FOR EVS? QCC #179

EV Channels Review

This episode of Questions, Coffee, and Cars tackles a variety of automotive queries, from comparing luxury SUVs like the Genesis GV70 and VW Tiguan to discussing the merits of new versus used luxury car purchases. The hosts lean towards the Genesis GV70 for its superior driving dynamics and platform, despite acknowledging its higher depreciation. They advise that buying a lightly used luxury car can offer significant value, with depreciation already absorbed and often retaining a good warranty. The discussion also covers practicalities like hybrid vs. plug-in hybrid choices, with a recommendation for PHEVs if daily commutes fall within EV range. A significant portion is dedicated to the high insurance costs for EVs, attributed to expensive repair costs and the potential for batteries to be written off. The hosts also touch upon compact luxury SUVs, suggesting the Lexus NX and RX, and the Toyota Crown Signia as strong contenders. Finally, they briefly discuss the Ford Bronco Raptor's high owner satisfaction and the general strength of domestic brands in truck and performance divisions.