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Tesla Model 3 Cost of Ownership Slightly Cheaper Than a Camry

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Re: Tesla Model 3 Cost of Ownership Slightly Cheaper Than a Camry

#21

Post by calewis »

cs02rm0 wrote: post #20
calewis wrote: post #8

I am a new model 3 owner in the UK and the insurance is astronomical. Despite having a license for more than 9 years (usually the maximum for UK insurers), having no convictions, it being stored on a driveway with CCTV my quote was £2,600 p.a. I do live in London and haven't owned a car for a few years so(no claims discount not being applicable). While I was expecting an expensive premium, I wasn’t expecting somethin…

I've just had a look at quotes where I am (a couple of hours away from London) and got £900/year. That's quite a lot (I think for a Ford Focus and a Volvo V70 I pay about £200 each) but you're really getting screwed! I wonder how much is just the sheer value of the car rather than insurers considering them to be particularly risky?

I think its both. Insurers are by nature risk averse. I suspect, from your comment you also have no claims years? Still £900 is a lot.

Re: Tesla Model 3 Cost of Ownership Slightly Cheaper Than a Camry

#22

Post by alexandros »

Critically, this doesn't take into account that the model 3 has the lowest probability of injury [1] of any car ever tested by the NHTSA. Driving a car with a higher probability of injury means you must calculate the cost of a fractional injury and what this might cost you and your passengers in lost time and/or quality of life, nevermind the case where the injury is fatal.

[1]: https://insideevs.com/news/356489/tesla-model-3-safety/

Re: Tesla Model 3 Cost of Ownership Slightly Cheaper Than a Camry

#23

Post by jacquesm »

free652 wrote: post #12

How are the repairs for a Tesla Model 3 cheaper than for a Camry. $60 oil change x 20 = $1200. Everything else is the same or pricier for a Tesla.

And 20 oil changes is ridiculously high for a modern engine. BMW service intervals in Europe using synthetic oil are about 35K km.

Re: Tesla Model 3 Cost of Ownership Slightly Cheaper Than a Camry

#24

Post by jve »

jacquesm wrote: post #23
free652 wrote: post #12

How are the repairs for a Tesla Model 3 cheaper than for a Camry. $60 oil change x 20 = $1200. Everything else is the same or pricier for a Tesla.

And 20 oil changes is ridiculously high for a modern engine. BMW service intervals in Europe using synthetic oil are about 35K km.

A mechanic which has put gas equipment for my car said that this is CRAZY. Oil could bear 35K km, but not the oil filter. He said that car should have oil change at ~10K km.

Re: Tesla Model 3 Cost of Ownership Slightly Cheaper Than a Camry

#25

Post by CalRobert »

calewis wrote: post #8

I am a new model 3 owner in the UK and the insurance is astronomical. Despite having a license for more than 9 years (usually the maximum for UK insurers), having no convictions, it being stored on a driveway with CCTV my quote was £2,600 p.a. I do live in London and haven't owned a car for a few years so(no claims discount not being applicable). While I was expecting an expensive premium, I wasn’t expecting somethin…

It's worth noting that without a no claims bonus insurance is high in general.

Ireland (so utterly dysfunctional insurance market) but as a person in my mid-30's with impeccable driving record but no NCB (hadn't owned a car for years) I pay ~€1550 for the cheapest possible insurance on a 10 year old Honda Jazz. It should be under half that with a year of no claims.

Re: Tesla Model 3 Cost of Ownership Slightly Cheaper Than a Camry

#26

Post by jacquesm »

jve wrote: post #24
jacquesm wrote: post #23

Earlier quoted context omitted.

And 20 oil changes is ridiculously high for a modern engine. BMW service intervals in Europe using synthetic oil are about 35K km.

A mechanic which has put gas equipment for my car said that this is CRAZY. Oil could bear 35K km, but not the oil filter. He said that car should have oil change at ~10K km.

If I were your mechanic I'd say that too. Heck, there is a whole industry that is working hard to convince you to change your oil every 3000 miles or three months.

Re: Tesla Model 3 Cost of Ownership Slightly Cheaper Than a Camry

#27

Post by CalRobert »

cs02rm0 wrote: post #20
calewis wrote: post #8

I am a new model 3 owner in the UK and the insurance is astronomical. Despite having a license for more than 9 years (usually the maximum for UK insurers), having no convictions, it being stored on a driveway with CCTV my quote was £2,600 p.a. I do live in London and haven't owned a car for a few years so(no claims discount not being applicable). While I was expecting an expensive premium, I wasn’t expecting somethin…

I've just had a look at quotes where I am (a couple of hours away from London) and got £900/year. That's quite a lot (I think for a Ford Focus and a Volvo V70 I pay about £200 each) but you're really getting screwed! I wonder how much is just the sheer value of the car rather than insurers considering them to be particularly risky?

Strangely, I found that insurance on cars over ten years old gets really expensive, to the point where the car is effectively uninsurable. I don't know why - but it was surprising, coming from a place where I insured a '95 Mazda for about $35 a month

Re: Tesla Model 3 Cost of Ownership Slightly Cheaper Than a Camry

#28

Post by ed_balls »

lnsru wrote: post #19
free652 wrote: post #12

How are the repairs for a Tesla Model 3 cheaper than for a Camry. $60 oil change x 20 = $1200. Everything else is the same or pricier for a Tesla.

I think you forgot fuel filter, air filter, spark plugs and couple of belts.

Oil in a diff (AWD car), oil in gearbox, oil filter. Break pads and discs (EV use regen breaking so the wear difference is significant).

In 5 years you may need to replace clutch etc.

No sure if EV needs any coolant replacements.

Re: Tesla Model 3 Cost of Ownership Slightly Cheaper Than a Camry

#29

Post by lamchob »

ed_balls wrote: post #28
lnsru wrote: post #19

Earlier quoted context omitted.

I think you forgot fuel filter, air filter, spark plugs and couple of belts.

Oil in a diff (AWD car), oil in gearbox, oil filter. Break pads and discs (EV use regen breaking so the wear difference is significant). In 5 years you may need to replace clutch etc. No sure if EV needs any coolant replacements.

How would you drive in order to renew a clutch after 5 years? Usually a clutch lasts well beyond 10 years. Costs for break pads and and discs are also very low, unless you have ceramic break.

Re: Tesla Model 3 Cost of Ownership Slightly Cheaper Than a Camry

#30

Post by dzhiurgis »

jacquesm wrote: post #26
jve wrote: post #24

Earlier quoted context omitted.

A mechanic which has put gas equipment for my car said that this is CRAZY. Oil could bear 35K km, but not the oil filter. He said that car should have oil change at ~10K km.

If I were your mechanic I'd say that too. Heck, there is a whole industry that is working hard to convince you to change your oil every 3000 miles or three months.

I think it really depends a lot on quality of oil and age of engine.
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