True," thanks to Blinkist for sponsoring today's video. So, you're looking to buy an electric vehicle? Congratulations! It's one of the best purchases I've ever made. I've been a satisfied Tesla Model 3 owner for over three years now, and I get a lot of questions about buying an EV, so I wanted to do this video. These are my top five mistakes to avoid when purchasing your first electric vehicle, whether that be a Tesla or something else. Right now, it's a little weird because a lot of the used vehicles on the market are just as expensive, if not more expensive, than some newer vehicles. The computer chip shortage and all that stuff are affecting the prices of used vehicles. Hopefully, that will not last too long, but that is a big question when buying electric vehicles. Should you buy used or new? Used electric vehicles are usually less expensive than used gas cars, simply because electric vehicles tend to lose their value quicker than a gas car. Other than Tesla, actually, Tesla Model 3, I think, was one of the best vehicles, if not the best vehicle, to retain its value for resale value. So, that is an exception. Tesla does tend to keep its value better than other vehicles. But EVs are usually more expensive than gas cars when they're newer. But there is a caveat there. If you are living in the United States, you probably qualify for an EV tax credit that's available for a lot of manufacturers. So, the federal EV tax credit is all the way up to $7,500, and that's a tax credit of your liability that you owe for your federal tax. So, it caps out at $7,500. If you don't owe $7,500 in federal taxes, you only get up to how much...
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