Used luxury EVs from £29k, including a £45k BMW i7

Used luxury electric cars have fallen sharply in value, putting models such as the BMW i7 within reach of more buyers. Three-year-old i7s were listed from about £45,000, compared with £104,230 for the cheapest new one, though asking prices do not equal the part-exchange values used in depreciation forecasts.

Auto Express forecasts that several large electric cars will retain less than a third of their new price after three years and 36,000 miles. Its estimates put the Porsche Taycan’s loss at about £111,780 and the i7’s at £97,480; the BMW i5, Audi e-tron GT and Mercedes EQS and EQE also feature. Actual losses vary because new-car discounts and dealer prices differ, and buyers should check the exact car’s range and first-registration date: cars registered before April 2025 avoid a new EV tax for five years.