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If its your first car it makes absolutely no sense.
It makes no sense either way. CapEx and OpEx are different animals.
Its still going out of your pocket, if its one or the other.
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This thread is like politics - ignoring the amazing fact that an electric vehicle that can travel 220 miles is 35k (where many hybrids and other electric cars are way over that price point), to discuss the nuances of Tesla’s business model and how they market delivery fees etc. Comical. People 10 years ago would say WTF if they knew a high tech, all electric car with self driving ability was even remotely near 40k(in…
I don't know if you've heard, but the Chevrolet Bolt has been out for years now, and is also all-electric. MSRP has been about $30k after the federal tax credit. I'd say its more likely we aren't in awe because the Model 3 has been overpromised and the "mass-market EV" feat has already been accomplished by someone else. Of course, most people are like you in that they don't know that. Because GM is hilariously bad at…
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>I remember the “salesperson” talking about how quiet it was as wind noise whistled through the cabin like we were in a Corolla. One slightly weird thing is that because there is no engine noise (other than a slight whine on heavy acceleration) all those other road noises become more noticeable and it seems noisier. I agree with the luxury vehicle thing, especially on the S. Mine had the seal between the window and t…
Most luxury cars have almost zero engine noise inside the cabin. Also at speeds over 20mph, wind noise is louder than engine noise outside the vehicle, so electric cars aren’t really quieter than ICE except in parking lots.
Same thing happens with luxury sports cars. I test drive Ann F-Type, and the damn thing comes a button to make your car louder. The call it “active exhaust” or something. It basically shoots gasoline into the exhaust so the car backfires. It’s basically rolling coal for rich people. The car was so loud, it was hard to have a conversation. I hated it.
"To achieve these prices while remaining financially sustainable, Tesla is shifting sales worldwide to online only. You can now buy a Tesla in North America via your phone in about 1 minute, and that capability will soon be extended worldwide. We are also making it much easier to try out and return a Tesla, so that a test drive prior to purchase isn’t needed. You can now return a car within 7 days or 1,000 miles for…
“Courageous” If anyone has ever had to cancel a car sale you’ll realize how much of a hassle it truely is to “return a car” Your credit report will show a loan even after it’s been cancelled for weeks. I once cancelled financing for a car due to it not being as described. Started looking for a new car and found it. Got denied for a loan because my score showed a 60k loan with 0 payments made. It took almost 2 months…
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How do you figure? I've been financing a car at ~3% interest for the past 4 years. My investments have returned triple that over the same period.
Those investments are not zero risk though. I don’t disagree with the general point but suggesting you should take a loan if the rate is less than the S&P return for the past year is questionable.
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Most luxury cars have almost zero engine noise inside the cabin. Also at speeds over 20mph, wind noise is louder than engine noise outside the vehicle, so electric cars aren’t really quieter than ICE except in parking lots.
That’s not always the case. It depends on the luxury car. I visited a Masarati dealer, and their selling point against a Model S was that the engine was loud. (“You want a car that that sounds like a car. You want to hear that purr and and feel that rumble. You can’t get that with a Tesla.”) Same thing happens with luxury sports cars. I test drive Ann F-Type, and the damn thing comes a button to make your car louder…
"To achieve these prices while remaining financially sustainable, Tesla is shifting sales worldwide to online only. You can now buy a Tesla in North America via your phone in about 1 minute, and that capability will soon be extended worldwide. We are also making it much easier to try out and return a Tesla, so that a test drive prior to purchase isn’t needed. You can now return a car within 7 days or 1,000 miles for…
“Courageous” If anyone has ever had to cancel a car sale you’ll realize how much of a hassle it truely is to “return a car” Your credit report will show a loan even after it’s been cancelled for weeks. I once cancelled financing for a car due to it not being as described. Started looking for a new car and found it. Got denied for a loan because my score showed a 60k loan with 0 payments made. It took almost 2 months…
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> I don't know if you've heard, but the Chevrolet Bolt has been out for years now, and is also all-electric. Isn't this the car that's being discontinued?
No. If you had done some basic google you'd find out the plug-in hybrid Chevrolet Volt has been discontinued.
It's kinda like how people think the self-driving company Cruise, mostly owned by GM, developed Super Cruise, GM's high-end driver assist system. Nope...nothing at all to do with each other. And neither have any relation to the Chevy Cruze, either.
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if you are financing an (entry level) luxury car, you are doing something wrong.
How do you figure? I've been financing a car at ~3% interest for the past 4 years. My investments have returned triple that over the same period.
Would you be willing to disclose in general terms what you have in your portfolio of investments. Keen to learn.