CarMax is selling this Audi electric vehicle for 60% off its original MSRP in Tennessee. Is it a good deal?
Depreciation isn't great for car owners but it presents unique opportunities to used car buyers. Some cars depreciate more rapidly than others, losing as much as half of their original MSRP in just a few years.
One Audi electric vehicle has an exceptional rate of depreciation. Tennesseans can score Audi e-tron models for 60% off of its original MSRP thanks to rapid depreciation.
CarMax has several locations in Tennessee while drivers can pay shipping costs to get Audi e-tron electric vehicles shipped to their CarMax location, these prices may make those costs worth the money for those on the hunt for a deal.
The automotive used vehicle retailer currently has a 2019 Audi e-tron Prestige electric vehicle listed for $27,998. Why is this so mind-blowing? The 2019 e-tron Prestige had an original starting price of $74,800, according to Cars.com.
Based on the e-tron Prestige's price listed on CarMax, the electric vehicle is on sale for around 62% less than its original MSRP. Why is the e-tron being sold for such a low price, and should car buyers consider the affordable used electric vehicle from the German automaker?
There are several factors contributing to the e-tron's rapid depreciation. Firstly, the e-tron is an electric vehicle. EVs depreciate quickly due to advancements in technology, battery degradation concerns, and high initial prices despite fluctuating demand.
Lack of charging infrastructure makes used electric vehicles less desirable than gas cars to some car buyers. Secondly, the e-tron in particular faces some issues regarding driving range.
The 2019 e-tron had a total driving range of 204 miles as a brand-new model. An e-tron EV that has accumulated some mileage likely has lost some of its total driving range due to battery degradation. So, drivers with range anxiety may want to avoid the e-tron. Newer, affordable competitors with more driving range also make the EV less attractive from a value proposition standpoint.
There are several Audi e-tron models listed on CarMax.com that can be shipped to different CarMax locations in the Volunteer State for affordable prices. The 2019 Audi e-tron produces 355 horsepower and 414 pound-feet of torque (which is good for an SUV of its size).
It has a dual-screen display (10.1-inch upper screen, 8.8-inch lower screen). The Prestige trim comes standard with an adaptive air suspension, a panoramic sunroof, and ambient interior lighting.
The electric SUV has plenty of standard features that are typically reserved for expensive luxury nameplates. It has "smooth acceleration, a spacious interior, and comfortable seats" according to a vehicle review by Edmunds.
The Audi e-tron's biggest con is its lack of driving range (and battery degradation as a used model). If you have access to reliable home charging and nearby charging networks, it has a strong value proposition as a used electric vehicle under $30,000. That said, don't commit to one without experiencing what it's like to own and drive an EV with such low driving range.
This article originally appeared on Nashville Tennessean: CarMax is selling this Audi EV for under 30K, is it worth the deal?
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Fast Company
16 minutes ago
- Fast Company
Nvidia and Hexagon's Aeon humanoid robot brings AI-powered automation to factories
Artificial intelligence is evolving at an unprecedented pace, advancing from simple generative tasks to autonomous decision-making through agentic models. Now AI is moving beyond the digital realm into the physical world. This next frontier, known as physical AI, combines advanced algorithms with sensors and actuators, enabling machines to perceive, reason, and act in complex real-world environments. At Hexagon LIVE 2025 in Las Vegas, a physical AI humanoid robot named AEON made its debut. Think Tron meets I, Robot, but powered by next-gen AI and hardware rather than movie magic. Developed by Sweden-based industrial tech giant Hexagon in partnership with Nvidia, AEON is designed for real-world industrial work. It can inspect equipment in cramped industrial corridors, navigate hazardous construction zones, and manage logistics in understaffed warehouses. Spencer Huang, Product Lead for Robotics at Nvidia and the son of CEO Jensen Huang, sees a massive opportunity in humanoids, as their form allows them to perform tasks that are dangerous and demanding for humans.
Yahoo
20 minutes ago
- Yahoo
Stocks Recover on Mideast Hopes and Dovish Comments from Fed Governor Waller
The S&P 500 Index ($SPX) (SPY) today is up +0.59%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.53%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.82%. September E-mini S&P futures (ESU25) are up +0.52%, and September E-mini Nasdaq futures (NQU25) are up +0.71%. Stock index futures today recovered from overnight losses and turned higher. Meanwhile, WTI crude prices erased gains and moved lower after Reuters reported that the Iranian government said it is ready to discuss limitations on its uranium enrichment. Stocks have support on speculation that the US will give negotiations a chance before deciding to enter the Israel-Iran war, following the White House's announcement on Thursday that President Trump would decide within two weeks on any US involvement in the conflict, and there is still a "substantial chance" of a negotiated settlement. Stocks also have support from dovish comments today from Fed Governor Waller, who said, "I think we have room to bring interest rates down as early as July, and then we can see kind of see what happens with inflation." Stock index futures initially moved lower in overnight trade on concerns about escalation of the Israel-Iran war. On Thursday, Bloomberg reported that senior US officials are preparing for a possible strike on Iran. Trading activity today may be more volatile than usual due to the expiration of approximately $6.5 trillion in June options, futures, and derivatives contracts, an event known as "triple witching." Today's US economic news was negative for stocks after the June Philadelphia Fed business outlook survey was unchanged at -4.0, weaker than expectations of an increase to -1.5. Stocks still have some negative carryover from Wednesday when Fed Chair Powell warned that tariff-driven economic uncertainty and inflation risk continue to complicate the Fed's chances to ease monetary policy. Also, the FOMC cut its US GDP forecast and raised its inflation forecast for this year. Hostilities between Israel and Iran entered an eighth day today with no signs of easing. Israel struck more of Iran's nuclear and missile production sites today and warned it could bring down Iran's leadership. Meanwhile, Iran said it won't negotiate with the US while Israel's assault continues. Iranian President Pezeshkian said the only way to end the imposed war is to "unconditionally stop" the enemy's aggression. Iran showed no signs of backing down and reiterated an intention to respond with force if the US were to get directly involved in Israeli attacks. So far, there's been no closure of the vital Strait of Hormuz that handles about 20% of the world's daily crude shipments, although navigational signals from over 900 vessels moving through the strait have been disrupted due to "extreme jamming" of signals from the Iranian port of Bandar Abbas, which caused a collision of two tankers Tuesday near the Strait of Hormuz. Investors are bracing for negative tariff news within the next week or so following President Trump's announcement last Wednesday that he intends to send letters to dozens of US trading partners within one to two weeks, setting unilateral tariffs ahead of the July 9 deadline that came with his 90-day pause. The markets are discounting the chances at 15% for a -25 bp rate cut at the July 29-30 FOMC meeting. Overseas stock markets today are mixed. The Euro Stoxx 50 is up by +1.25%. China's Shanghai Composite closed down -0.07%. Japan's Nikkei Stock 225 closed down -0.22%. Interest Rates September 10-year T-notes (ZNU25) today are down -4 ticks. The 10-year T-note yield is up +2.6 bp to 4.417%. T-notes today are under pressure on negative carryover from weakness in European government bonds. Also, rising inflation expectations are bearish for T-notes after the US 10-year breakeven inflation rate rose to a 2-week high today at 2.337%. T-notes recovered from their worst levels on the weaker-than-expected Philadelphia Fed business outlook survey. Also, dovish comments from Fed Governor Waller were bullish for T-notes when he said, "I think we have room to bring interest rates down as early as July." T-notes are still supported by safe-haven demand on concern the US may be on the verge of joining the attack against Iran. European government bond yields today are higher. The 10-year German bund yield is up +0.6 bp to 2.528%. The 10-year UK gilt yield is up +1.8 bp to 4.548%. German May PPI fell -1.2% y/y, right on expectations and the biggest decline in 8 months. UK May retail sales ex-auto fuel fell -2.8% m/m, weaker than expectations of -0.7% m/m and the biggest decline in nearly 1-1/2 years. Swaps are discounting the chances at 6% for a -25 bp rate cut by the ECB at the July 24 policy meeting. US Stock Movers Chip makers are rallying today and are supporting gains in the broader market. Advanced Micro Devices (AMD) is up more than +4% to lead gainers in the Nasdaq 100. Also, ON Semiconductor Corp (ON) and Super Micro Computer (SMCI) are up more than +2%. In addition, Microchip Technology (MCHP), Intel (INTC), and Applied Materials (AMAT) are up more than +1%. Kroger (KR) is up more than +5% to lead gainers in the S&P 500 after reporting Q1 adjusted EPS of $1.49, better than the consensus of $1.45. CarMax (KMX) is up more than +3% after reporting Q1 net sales of $7.55 billion, stronger than expectations of $7.52 billion. Fair Isaac Co (FICO) is up more than +3% after its Board of Directors approved a stock repurchase program to acquire up to $1 billion of the company's outstanding common stock. GMS Inc (GMS) is up more than +27% after the Wall Street Journal reported that Home Depot had made an offer for the company, potentially setting off a bidding war with QXO Inc, which made a $5 billion offer for the company earlier this week. Circle Internet Group (CRCL) is up more than +7%, adding to Wednesday's +34% surge after the US Senate passed stablecoin legislation setting up regulatory rules for cryptocurrencies pegged to the dollar. Mondelez International (MDLZ) is up more than +2% after Wells Fargo Securities upgraded the stock to overweight from neutral with a price target of $78. Darden Restaurants (DRI) is up more than 1% after reporting that Q4 comparable same-store sales rose 4.60%, stronger than the consensus of 3.46%. Accenture (ACN) is down more than -7% to lead losers in the S&P 500 after lowering its full-year operating margin forecast to 15.6% from a previous forecast of 15.6%-15.7%. Smith & Wesson Brands (SWBI) is down more than -15% after reporting Q4 adjusted EPS of 20 cents, weaker than the consensus of 23 cents. Jack in the Box (JACK) is down more than -1% after Stifel downgraded the stock to hold from buy. Earnings Reports (6/20/2025) Accenture PLC (ACN), CarMax Inc (KMX), Darden Restaurants Inc (DRI), Kroger Co/The (KR). On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
CBS News
39 minutes ago
- CBS News
$200,000 home equity loan vs. $200,000 HELOC: Which is less expensive now?
We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. Before borrowing hundreds of thousands of dollars worth of home equity, owners should calculate their potential repayment costs. Getty Images/iStockphoto The average home equity level has been consistently rising in recent years, and according to recent reports, it has remained at a steadily high level. The cumulative home equity level in the United States hit a record high of $17.6 trillion in the first quarter of 2025, based on a report released earlier in June. The average homeowner, meanwhile, has over $300,000 worth of equity that they can borrow from with a home equity loan or home equity line of credit (HELOC). Accounting for the 20% equity threshold many lenders prefer borrowers maintain in their home at all times, that still leaves more than $200,000 worth of equity to utilize right now. And with inflation stubborn, if significantly cooled, interest rates still high and economic concerns broad now, this could be one of the better ways to borrow a large, six-figure sum of money. To ensure borrowing success, however, which is critical when utilizing your home as the funding source, you should first calculate your potential repayment costs. Failure to pay here could result in your home being foreclosed on. So you'll want to know exactly what you'll pay long term. And with rates on home equity loans and HELOCs different, both in how high they are and how they're structured, it's particularly important to compare the potential costs of both before getting started. But which is less expensive now: a $200,000 home equity loan or a $200,000 HELOC? That's what we'll examine below. Start by seeing how much home equity you could potentially borrow here. $200,000 home equity loan vs. $200,000 HELOC: Which is less expensive now? In June 2025, the repayment costs of a home equity loan and HELOC, no matter the amount borrowed, are essentially the same. With the median home equity loan rate at 8.25% and the average HELOC rate at 8.25%, you won't see a material difference in repayments right now. But that's this month, not long-term. Since home equity loan rates have fixed rates that won't change until refinanced and HELOCs have variable rates that change over time, this similarity is not likely to stay consistent. Here's what they would look like calculated against 10- and 15-year repayment periods now, assuming the HELOC rate remains unchanged: 10-year home equity loan at 8.25%: $2,453.05 per month $2,453.05 per month 15-year home equity loan at 8.25%: $1,940.28 per month 10-year HELOC at 8.27%: $2,455.18 per month $2,455.18 per month 15-year HELOC at 8.27%: $1,942.61 per month And here's how they would compare if HELOC rates decline by 25 basis points during this time: 10-year home equity loan at 8.25%: $2,453.05 per month $2,453.05 per month 15-year home equity loan at 8.25%: $1,940.28 per month 10-year HELOC at 8.02%: $2,428.67 per month $2,428.67 per month 15-year HELOC at 8.02%: $1,913.61 per month And here's what they would look like if HELOC rates rise by 25 basis points from today's averages: 10-year home equity loan at 8.25%: $2,453.05 per month $2,453.05 per month 15-year home equity loan at 8.25%: $1,940.28 per month 10-year HELOC at 8.52%: $2,481.85 per month $2,481.85 per month 15-year HELOC at 8.52%: $1,971.82 per month In short, a $200,000 home equity loan is marginally less expensive than a $200,000 HELOC is now. But that dynamic can and almost assuredly will change over a multiple-year repayment period. Borrowers will need to weigh those changes, then, against what they can lock in with a fixed home equity loan rate instead. And remember that home equity loans and HELOCs can always be refinanced in the future, should the rate climate or your borrowing needs change, so don't get too focused on long-term rate change scenarios, either. Compare your HELOC and home equity loan rate offers here to learn more. The bottom line $200,000 home equity loans and HELOCs come with similar payments now but they may not stay that way for very long, thanks to the latter's variable rate. That noted, HELOCs come with interest-only payment requirements for borrowers who want to utilize their equity that way during the draw period, so interest rates may be less of a concern than they'd be with a home equity loan which requires full monthly repayments immediately thanks to the disbursement of the funds in a single, lump sum. Compare both options carefully before getting started, then, to better ensure borrowing success both now and in the years to come.
