We thanked him for his time and did not choose a Tesla.
(That was a few years ago, nowadays it's eight years. But still…)
We thanked him for his time and did not choose a Tesla.
(That was a few years ago, nowadays it's eight years. But still…)
New world. I worry about gas mileage because of the impact to the environment - not because of the cost. I want a highly reliable, luxury performance car but I want it with a minimal cost to the environment.
That sounds ridiculous to me but it's probably a pretty common sentiment with people who spend 100k on a car, considering there are lots of people buying 25k cars who do the same, despite it probably not being a wise financial decision.
It's still a value judgement. If you value having a new car every two to three years, which also means you won't be doing maintenance other than oil changes, then you might be willing to pay the extra money.
Owners just build in the monthly lease or loan payment to their cash flow budget.
I'm on the opposite end of the spectrum, I only buy used cars for cash and have not had a car payment in almost 20 years.
The tesla powertrain as a whole should last a million miles or maybe more with nothing more than routine maintenance and some battery pack changes which will drop in cost over time. If battery pack changes get down to $5K (which seems very possible), and battery packs are usable for let's say 150K miles, then you get a car with a power train that runs for a million miles for about $45K in maintenance (add a bit more for tires and other incidentals) and then subtract the cheaper electric fuel cost. This is less than the cost to keep the power train running for a Mercedes S class for one million miles (which will probably require 4 or 5 transmissions and 4 or 5 motors to get to a million miles).
But realistically people don't repair 150K+ mile S classes because it would cost $30-40K to replace the tranny/engine plus all the other engine things while the car would be worth very little, so they junk it and buy a new car which means the cost of owning an S class for one million miles is more realistically the cost of owning 5 or 6 S classes.
I see both sides of the argument. Buying a good used car for cash is probably a better investment financially. I personally don't trust the secondary car market to be honest with me that a car has been taken care of properly. Maintenance records can be and are faked. I generally don't mind paying more to have a newer and usually more reliable car with a warranty. I do usually drive them until they're paid off plus some time span, but in general its not very long, 1-2 years max.
Because it will be smaller it could theoretically even be a free upgrade, depending on the recycling value of the old pack.