Yes! I just bought a dealer-certified three year old Kia Niro with 24k miles for $22k. The current new version of this car has an MSRP more than double that price. There is no world where the difference between these cars is worth $25k. In my head it's more like $10k-$15k max.
I bought my Kia EV6 at probably the worst time (fall 2022). EVs were in high demand, dealers were adding markups, and my credit was still reeling from just buying a house. As a result, I owe way more than I could buy it used lol. Not that I would (and ignoring the ramifications), but it would cost me less money to just let it get repossessed and go hunt it down and buy it from the used dealer that buys it at auction.
Lots of stories like this. I bought mine 2023 while subsidy was still there and Tesla just dropped prices. Yes it depreciated solid 25% but that equates to gas savings. Buying new would cost more now.
