Good time to buy a gas/diesel car (in the EU)?
I sold off my last ICE car almost a decade ago, moved to the EU, and I've subsisted on public transportation ever since. Never thought I'd even consider buying another one.
However, the last year or so, I've been anticipating needing to buy a car, at least temporarily (the next 2-4 years or so), and I was just starting to semi-seriously window-shop EVs over here (in Germany), when the whole Iran thing started.
Now, I'm not sure, but I'm starting to think that it might be a good idea to buy a cheap used petrol or diesel car, use it, then re-sell it in a couple of years after I'm done with it (assuming it's still worth anything at that point).
I'm targeting a purchase somewhere around 3-6 months from now, and in the 3,000-6,000 Euro price range. I'd happily go higher for an EV, but not the literally 4x higher (15,000-20,000 Euros minimum) that I'd need to shell out for even a barely feasible new EV. I might or might not be eligible for a decent ~5k Euro govt subsidy on a new EV -- but my 15-20k estimate is assuming I get the 5k discount, which I might not qualify for anything at all.
My thinking is that decent used ICE vehicles are about to become very cheap and easy to find, while good used EVs are going to become vanishingly rare, and new ones are well beyond my target price range. And yeah, gas/diesel prices are nuts right now, and I know they're not coming down any time soon. Even if the war magically ends tomorrow, it'll be a gradual, months-long decline in prices to--let's face it--a couple years before we see pre-war prices again, if ever.
Very roughly speaking, my use-case is going to be infrequent, intermittent, high-intensity usage. Like, the car may be parked for one month, then I'll add 3000-4000 km to it the next month, then parked again for a month or two, etc. So even before, I was anticipating some difficulties with charging the EV during the long-distance high-usage periods. Now, even with the fuel price hike, I'm thinking it's a better deal for me to go with a dino car.
Thoughts?
Last I heard used EVs were just about starting to enter the market. But, I haven't kept a close eye on the market either.
Having said that, for your use case sitting still for months might be more problematic with EVs and dead batteries.
What you might want to take in consideration are city centers and adjacent neighborhoods. In plenty of EU cities these are increasingly environmental zones where not all cars are allowed. The older the dino car is the more likely that you will not be allowed to enter them. With diesel cars that is even more likely.