Five Used Luxury EVs You Can Get for Cheap
By Michael Cantu, Edmunds May 4, 2025
Luxury electric vehicles don’t have to break the bank. While new models from premium brands often come with hefty price tags, considering used options can lead to significant savings. The experts at Edmunds have identified five luxury EVs that are more affordable on the used market, focusing on 2022 models where possible due to their availability from lease returns and lower prices.
Polestar 2
The Polestar 2 is a compact sedan with a lifted suspension and hatchback-style trunk. Introduced in 2021 by EV startup Polestar, an offshoot of Volvo, it offers a distinctive design. Used prices are attractive, making it a good bargain. When considering a purchase, check for nearby service centers.
Key Points:
- Aim for 2022 models, the first year for single-motor versions
- Single-motor models are more affordable and offer more range
- Dual-motor models provide exhilarating acceleration
- Sharp handling enhances driving enjoyment
- Pricing: about $26,000
Audi Q8 E-tron
Debuting in 2019 as the E-tron, Audi’s electric luxury SUV has evolved into the Q8 E-tron. It’s a sleek, sophisticated two-row SUV that’s spacious and comfortable with smooth acceleration. Early models had limited driving range, but it’s a great used option.
Key Points:
- Look for 2020 or newer models for better range
- Opt for Premium or Premium Plus trims for savings
- Sportback models offer coupe-like styling
- Pricing: about $34,000
BMW iX
The BMW iX, launched in 2022, is an excellent used luxury EV bargain. Although base models were around $90,000 new, used prices are significantly lower. It offers five-passenger seating, a large cargo area, over 300 miles of range, and robust acceleration.
Key Points:
- Main models are xDrive50, with various optional packages
- Check features when purchasing
- Pricing: about $52,000
Mercedes-Benz EQS Sedan
The EQS sedan is an excellent used luxury EV, available from 2022 for under $50,000 – a significant discount from its original $100,000+ price. It boasts a long driving range, impressive tech features, and a comfortable ride.
Key Points:
- Single-motor 450+ models offer more range
- Dual-motor models (450 4Matic or 580 4Matic) provide better performance
- Pricing: about $53,000
Tesla Model X
The Tesla Model X, introduced in 2016, is one of the original electric luxury SUVs. It features falcon-wing doors and three rows of seating. Used models are available with significant savings, and Tesla’s over-the-air updates keep the software current.
Key Points:
- Consider 2021 models or newer for interior updates and Plaid model
- Earlier models may have lower range and approaching battery warranty end
- Pricing: about $59,000
Buying a used luxury EV can mean deep discounts, and with battery warranties typically covering at least eight years or 100,000 miles, potential battery replacement costs are mitigated. Many manufacturers offer even longer coverage, providing additional peace of mind for used EV buyers.
