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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

#31

Post by cs02rm0 »

calewis wrote: post #21
cs02rm0 wrote: post #20

Earlier quoted context omitted.

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.

Ah, managed to miss that bit - yes, I do. In that case I'm surprised your quote wasn't more!

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

#32

Post by NullPrefix »

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…

>no claims discount

While stating your argument you left this as the last one, as if it is the least significant one. In reality it is the most significant one and you should lead with it, otherwise you run the risk of sounding disingenuous.

>license for more than 9 years [...] when I was 19 and had just passed my test my insurance was £1200p.a.

I assume you did not adjust the £1200 value for 2019 according to inflation, GBP purchasing power, et cetera. Nine years is quite a long time for price changes. Have you tried getting a quote for a "sporty car" in the current year?

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

#33

Post by Shivetya »

mlyle wrote: post #2

Seems to be predicated upon a number of questionable assumptions-- including that - a Model 3 is cheaper to insure than a Camry (thus far, the opposite is true-- and it seems optimistic to attain for a car that costs so much more, has higher performance, and higher repair costs) - the Model 3 will be cheaper to maintain by a massive factor (we'll see; there is maintenance avoided by having an electric car but also Te…

disclaimer, I own a Tesla model 3.

The whole article and accompanying table is parrot food.

Compared to a Camry the Camry will always win. If I could get lower insurance I would have it already. Maintenance costs for that Camry are highly suspect too, oil changes aren't that frequent nor do they cost that much and most big items are 100k or such. Throw in the service cost for the TM3 are over priced as well. I mean, at most I replace air filters at 25k and wiper blades. I guess tires would make the number that high but it would probably be higher then.

Comparing to an equal price petrol car, yes a Tesla or any EV will save you money over the long run. Compared to something two thirds to half the price, it won't save you money.

Plus, fuel costs should roll in the newest revenue enhancer for states, having surcharges on tag renewals for EVs as a substitute for fuel taxes

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

#35

Post by [deleted] »

NullPrefix wrote: post #32
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…

>no claims discount While stating your argument you left this as the last one, as if it is the least significant one. In reality it is the most significant one and you should lead with it, otherwise you run the risk of sounding disingenuous. >license for more than 9 years [...] when I was 19 and had just passed my test my insurance was £1200p.a. I assume you did not adjust the £1200 value for 2019 according to inflat…

[deleted]

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

#39

Post by prepend »

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.

The manufacturer incurs a lot of liability by setting the oil maintenance window so high. So I don’t think they would do that without data to support this requirement.

If the oil filter truly couldn’t last, then there would be many more failures. Which would be payable by the manufacture (either through warranty or class action law suit).

Based on this simple analysis, I believe the manufacturer docs vs. a mechanic with no skin in the game who also makes money from frequent oil changes.

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

#40

Post by prepend »

alexandros wrote: post #22

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/tesl…

How would you best factor that into maintenance costs?
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