Understanding Electric Scooter Depreciation: Get the Best Resale Value

Electric scooters (escooters) have zoomed into popularity, but like any tech-infused vehicle, they depreciate over time. Whether you're buying used or planning to sell your own escooter, understanding how depreciation works is key to getting the most value.

We've written the definitive guide on e-bikes here for comparison

Factors Influencing Escooter Depreciation

Brand and Model:

• Reputable brands like Xiaomi, Ninebot, and Unagi often hold their value better due to build quality and brand recognition.
• High-performance models with premium features generally retain value better than basic models.

Condition and Mileage:

• Well-maintained escooters with low mileage are more desirable and depreciate less.
• Signs of wear and tear, damage, or lack of maintenance will significantly decrease resale value.

Battery Health:

• The battery is a critical component. Escooters with newer or well-maintained batteries command higher prices.
• Battery replacements can be costly, so buyers often look for scooters with good battery health.

You can read our definitive guide on extending your e-scooter batter life here.

Technology and Features:

• Escooters with the latest features like GPS tracking, smartphone integration, and powerful motors hold their value better.
• Models with outdated technology or limited features tend to depreciate faster.

Average Depreciation Rate of an e-scooter

Escooters generally depreciate faster than ebikes due to their smaller battery size, lighter build, and often, more frequent use. Expect an average depreciation of 20-30% per year. The first year usually sees the steepest drop.

Resale Value of Used Escooters

Here's a rough estimate of what to expect, but remember it varies greatly depending on the factors above:

• After 1 Year: An escooter initially priced at $500 might fetch around $350-$400.
• After 2 Years: Expect the value to drop further, closer to $250-$350.

Where to Buy and Sell Used Escooters

• Local Marketplaces: Facebook Marketplace, Craigslist, and OfferUp are popular for local deals.
• Online Platforms: Specialized platforms like The Pro's Closet (for higher-end models) or even eBay can be viable options.
• Escooter Forums and Groups: Look for enthusiast communities online that have dedicated buy/sell sections.

Tips for Maximizing Resale Value

• Keep it Clean: A clean escooter signals proper care and maintenance.
• Regular Maintenance: Follow the manufacturer's maintenance schedule to keep it in top shape.
• Preserve the Battery: Charge and store the battery properly to maximize its lifespan.
• Document Everything: Keep receipts for any repairs or upgrades.
• Honest Description: Be upfront about any issues or imperfections to build buyer trust.

Conclusion

Understanding escooter depreciation is essential for both buyers and sellers. By considering these factors, you can make informed decisions and get the best deal possible.