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Tesla Model S – Cost of Ownership vs. Honda Odyssey

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Re: Tesla Model S – Cost of Ownership vs. Honda Odyssey

#41

Post by ulfw »

robomartin wrote: post #31
dangero wrote: post #4

I'm pretty skeptical about resale value on the Model S at 5 or more years out just because their newer models will have major technical advances and the cost of a battery replacement. It's hard to speculate on that right now since the car is too new.

For some reason I can't quite put my finger on I have been viewing everything that comes out of Tesla with skepticism and distrust. I think it started with the attempt to confuse people with "creative" financing options. I know it is a good company. I was waiting for them to revolutionize the SUV market with a true sports-utility electric vehicle. I would have been in line to buy one. Instead they are putting out a b…

You're absolutely spot on. Sadly you are getting downvoted for it.

Re: Tesla Model S – Cost of Ownership vs. Honda Odyssey

#42

Post by aresant »

outworlder wrote: post #40
dangero wrote: post #4

I'm pretty skeptical about resale value on the Model S at 5 or more years out just because their newer models will have major technical advances and the cost of a battery replacement. It's hard to speculate on that right now since the car is too new.

Don't forget Tesla's guaranteed resale value.

Which is:

"Tesla’s Resale Value Guarantee allows owners to sell their Model S back to Tesla between the end of months 36 and 39, regardless of the loan’s term. The resale amount is specified at the time of delivery and is forecasted to be higher than any high volume premium sedan brand (Audi, BMW, Mercedes, Jaguar or Lexus). This value is equal to 50% of the original base purchase price of the 60 kWh Model S plus 43% of the original purchase price for all of the options, including the upgrade to the 85 kWh battery pack (exclusive of taxes, fees, and accessories)."

More here http://www.teslamotors.com/financing/faq

Re: Tesla Model S – Cost of Ownership vs. Honda Odyssey

#43

Post by brk »

slantyyz wrote: post #10
josephpmay wrote: post #3

Not including insurance was a mistake. The Honda Odyssey has some of the cheapest insurance of any car.

>> The Honda Odyssey has some of the cheapest insurance of any car. That depends on where you live. I've been told that my insurance rates (clean record) are high for my 2005 Odyssey because of the area I live in (I live just outside of Toronto, Canada).

Right, but the Odyssey would be cheaper to insure in your area than a Tesla (theoretically).

Insurance costs are very localized, but for any 2 vehicles the coverage cost spread between them is probably comparable in any given region. EG: an Odyssey will always be cheaper to insure than a Model S in any specific region, BUT insuring an Odyssey in Toronto might be more expensive than insuring a Model S in Tulsa.

Re: Tesla Model S – Cost of Ownership vs. Honda Odyssey

#44

Post by dnissley »

mrfusion wrote: post #39
js2 wrote: post #30

Just to throw some maintenance numbers out there since I happen to own a 2003 Odyssey with over 170k miles and I've kept track of the costs in a spreadsheet. So far I've spent just under $10k in maintenance. The big annoying charge was ~ $4200 at 110k miles in 2010. The transmission failed, so this charge was for a Honda remanufactured transmission and PCM, plus the 105k maintenance (new timing belt). The other signi…

Isn't that early for the transmission to fail?

Not for that generation of Odyssey. My parents have one and the transmission just had to have major work at around ~130k.

Re: Tesla Model S – Cost of Ownership vs. Honda Odyssey

#45

Post by sureshv »

slantyyz wrote: post #10
josephpmay wrote: post #3

Not including insurance was a mistake. The Honda Odyssey has some of the cheapest insurance of any car.

>> The Honda Odyssey has some of the cheapest insurance of any car. That depends on where you live. I've been told that my insurance rates (clean record) are high for my 2005 Odyssey because of the area I live in (I live just outside of Toronto, Canada).

High for just the Odyssey or higher for all cars in and around Toronto? Collision insurance is usually based on the cost of parts and service. I would be surprised if the Tesla came in cheaper.

Re: Tesla Model S – Cost of Ownership vs. Honda Odyssey

#46

Post by gtaylor »

soperj wrote: post #26
runako wrote: post #19

Earlier quoted context omitted.

I think this is a dated perception. JD Power shows a fair showing of American cars in its 2013 initial quality study: http://autos.jdpower.com/ratings/quality/cars.htm

I've always found JD Power to be a bit biased towards American made cars. Maybe because he worked for Ford and GM, I don't know, but even at their worst, they always seemed to be featured by them.

I'm not sure about the American bias, as I see tons of non-US cars in the sedans list, but their truck ratings are a travesty:

http://autos.jdpower.com/ratings/quality/trucks.htm

I have been utterly unimpressed with the Silverados and Avalanches. For that kind of money, I expect a lot more than fragile/cheap interiors (Silverado) and the crummy bed on the Avalanche.

Re: Tesla Model S – Cost of Ownership vs. Honda Odyssey

#47

Post by pbreit »

dave1619 wrote: post #35
dangero wrote: post #4

I'm pretty skeptical about resale value on the Model S at 5 or more years out just because their newer models will have major technical advances and the cost of a battery replacement. It's hard to speculate on that right now since the car is too new.

Resale value in 5+ years out should be very good. I've been watching the used market for over a year and it's been very, very strong. There's not much used inventory being sold and owners seem to love the Model S's. The other factor with resale is that the Model S is light years ahead of any other cars in terms of technology. So, in 5 years the current center console of the Model S will still be far superior in terms…

"After 5 years/70k miles, the battery will probably still be at 95% capacity"

No way. I'd say you have 75% tops (probably less with 70k miles). And unless you pre-buy a new battery you're going to be looking at a $20-30k replacement cost. Also note that it will likely be out of warranty at that point. And that Tesla values them at roughly $1 per mile (the price they give you for purchasing a loaner).

Re: Tesla Model S – Cost of Ownership vs. Honda Odyssey

#49

Post by warfangle »

robomartin wrote: post #31
dangero wrote: post #4

I'm pretty skeptical about resale value on the Model S at 5 or more years out just because their newer models will have major technical advances and the cost of a battery replacement. It's hard to speculate on that right now since the car is too new.

For some reason I can't quite put my finger on I have been viewing everything that comes out of Tesla with skepticism and distrust. I think it started with the attempt to confuse people with "creative" financing options. I know it is a good company. I was waiting for them to revolutionize the SUV market with a true sports-utility electric vehicle. I would have been in line to buy one. Instead they are putting out a b…

> Instead they are putting out a bullshit Gucci gull-wing contraption that is a total let-down.

What's a let-down about it? Legitimately curious.

Re: Tesla Model S – Cost of Ownership vs. Honda Odyssey

#50

Post by pjc50 »

robomartin wrote: post #31
dangero wrote: post #4

I'm pretty skeptical about resale value on the Model S at 5 or more years out just because their newer models will have major technical advances and the cost of a battery replacement. It's hard to speculate on that right now since the car is too new.

For some reason I can't quite put my finger on I have been viewing everything that comes out of Tesla with skepticism and distrust. I think it started with the attempt to confuse people with "creative" financing options. I know it is a good company. I was waiting for them to revolutionize the SUV market with a true sports-utility electric vehicle. I would have been in line to buy one. Instead they are putting out a b…

They've not made a SUV because they tend to be inefficient due to their size and weight.

Starting at the top end of the market and providing limited options is the Apple approach, likely to lead to profit but not necessarily market share.

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