I came to same conclusion as an European (Finn). As my Prius is approaching ten years age, I'm going to retire it and get new primary car. I calculated that new Corolla Hybrid with best trim + gas for 5 years will cost roughly the same as SR+ with electricity (inc. 2 KEUR rebate). Btw, currently I pay 300 EUR per month for gas (~1.5 per litre), while SR+ monthly loan payment starts from 450 EUR (with 5 KEUR down paym…
Tesla Model 3 Cost of Ownership Slightly Cheaper Than a Camry
71–80 of 81 posts
Re: Tesla Model 3 Cost of Ownership Slightly Cheaper Than a Camry
#72Seems 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…
They also appear to budget $0 for a home charging station, which means either you're doing all your charging at Tesla chargers, are lucky enough to have a charger at work that is regularly available, or charging at home via a very slow 1-2kW outlet.
So I just use my included Tesla charger in a NEMA 10-30 (the older dryer standard) and get 24 miles of charger per hour. Plenty, it's rare that I drive for 5+ hours a day, even then in 10 hours (food + sleep) I can have another 240 miles or so. If I need more (very rare) I can use the supercharging network, on my longer drives I typically see several superchargers go by.
Re: Tesla Model 3 Cost of Ownership Slightly Cheaper Than a Camry
#73How 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.
The toyota maintenance schedule for the Camry specifies every 10,000 miles (16000km). Unless you: are towing, have a car-top carrier, carry heavy loads, drive less then 5 miles when cold, drive on dirt/dusty/muddy roads, drive on melted snow, have excessing idling/low speed drive, etc.
Also the Camry uses a somewhat unusual oil 0w-16, there is a more commonly available variety... but they recommend a full flush, replace the filter, etc when every you switch back to 0w-16.
Re: Tesla Model 3 Cost of Ownership Slightly Cheaper Than a Camry
#74Seems 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,…
However having just switched from a 2004 Forester XT to a new model 3 I can say that the maintenance was substantial. Over the life of the car it was over $100 per month and I spend $160 a month on gas. AWD, a big/heavy SUV, and a turbo doesn't do much for the MPG.
The looming spectre in the luxury/premium new/cpu/used car markets is almost everyone has switched to high compression 2 liter turbos... that seem not to last nearly as well as the motors they replace. Sure they do well on the EPA test, but less well in real world conditions. They also tend to have a surprising high chance of terrible failures shortly after the drive train warranty expires. Subaru has multiple generations issues with it's head gaskets (yes 2), BMW with the high pressure fuel pump, carbon build up, and plastic timing chain. I checked a bunch of forums from BMW, Toyota, Ford, and Subaru and it looked pretty scary.
One forum I read mentioned a sad story of a shortly after warranty engine destruction after taking it in to check on an engine light just the week before. Cost was around $20k for the new engine. That triggered 20 pages of similar sad stories. This was a few years ago and a month later BMW had a major change to it's CPO warranty which makes me think that it's not a particularly rare occurrence. The most common recommendation is when buying used to get an older car that still has a NA 3 liter turbo instead of buying a newer used car with the 2 liter turbo.
So I think a fairer comparison would be 10 year of electric car ownership vs ICE. After all nobody throws away a car after 3 years.
Re: Tesla Model 3 Cost of Ownership Slightly Cheaper Than a Camry
#75The Gas/Electricity cost comparison are off. CA electric rates average 15.34c/KwH Tesla gets 27 KwH per 100 miles which comes out to 4.14$ per 100 miles for the Tesla A Camry at 50mpg uses 2 gallons costing 7$ per 100 miles. So, on a per elec/gas basic the comparison should be: 2250 vs 3804 And, if you live in the bay area, then your electric rates can easily be 18, or 19c/KwH nearly putting the TM3 on par with the c…
The model 3 was designed with much closer to a clean start over from what Telsa learned. Radically less parts, radically less cables (I think it's 10x less), and things that should be centralized (like the computers) are. In fact they have won some awards, look up the Tesla "superbottle".
I've talked to a many model 3 owners, am active on various Tesla forums, and there's a pretty lively slack channel where I work. Things do seem MUCH better with the 3 than the S, at least older S. It does seem like Tesla is updating the model S over time, but it's maddeningly hard to track exactly what those changes are.
In any case don't hold the S against the 3, it does seem like they improved quite a few things with it. Time will tell if they do similar with the Y, they at one point claimed they could do another 10x reduction in cabling.
Re: Tesla Model 3 Cost of Ownership Slightly Cheaper Than a Camry
#76Earlier quoted context omitted.
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,…
I'm a model 3 owner as well, seems overly pessimistic for the Toyota without any good explanations. However having just switched from a 2004 Forester XT to a new model 3 I can say that the maintenance was substantial. Over the life of the car it was over $100 per month and I spend $160 a month on gas. AWD, a big/heavy SUV, and a turbo doesn't do much for the MPG. The looming spectre in the luxury/premium new/cpu/used…
Yes, as cars get older they get less reliable. This is likely to be true of the Tesla, too.
The number is kinda baked into the real resale value, anyways. A good part of what subsequent buyers are willing to pay is based on their inferred operating costs.
Re: Tesla Model 3 Cost of Ownership Slightly Cheaper Than a Camry
#77Which Car Models Have the Lowest Maintenance Cost? Based on total car maintenance costs over 10 years: Rank:Make_Model@Cost Cheapest:Toyota_Prius@$4,300 2nd_cheapest:Kia_Soul@$4,700 3rd_cheapest:Toyota_Camry@$5,200 They think a Camry costs $4000 over 5 years to maintain, whereas Your Mechanic thinks it is $5200 over 10 years - something smells. Fix that, and the advantage goes away. I think it is very unlikely the Mo…
I think the model 3 batteries are good for a huge number of lifetime miles, like 500k For comparison I once rode in a prius with 400k miles, and it had had the engine replaced multiple times.
That's odd, and definitely not normal.
Firstly, the Prius was the least expensive model maintenance-wise in the link above.
Secondly, I have heard from multiple people that the Prius engine just keeps running because it doesn't get the same loads as a normal car (makes sense).
Finally, taxi drivers drive reliable vehicles that are cheap to maintain, and the Prius is the car of choice for taxi drivers where I am (and here that's categorically not a side-effect of other financial incentives).
Re: Tesla Model 3 Cost of Ownership Slightly Cheaper Than a Camry
#78Earlier quoted context omitted.
I think the model 3 batteries are good for a huge number of lifetime miles, like 500k For comparison I once rode in a prius with 400k miles, and it had had the engine replaced multiple times.
> For comparison I once rode in a prius with 400k miles, and it had had the engine replaced multiple times. That's odd, and definitely not normal. Firstly, the Prius was the least expensive model maintenance-wise in the link above. Secondly, I have heard from multiple people that the Prius engine just keeps running because it doesn't get the same loads as a normal car (makes sense). Finally, taxi drivers drive reliab…
I think he also said they didn't like the newer prius versions, I thought because they didn't have as much room in them.
Re: Tesla Model 3 Cost of Ownership Slightly Cheaper Than a Camry
#79Earlier quoted context omitted.
I'm a model 3 owner as well, seems overly pessimistic for the Toyota without any good explanations. However having just switched from a 2004 Forester XT to a new model 3 I can say that the maintenance was substantial. Over the life of the car it was over $100 per month and I spend $160 a month on gas. AWD, a big/heavy SUV, and a turbo doesn't do much for the MPG. The looming spectre in the luxury/premium new/cpu/used…
It's 5 years, which is in the ballpark of a typical timeframe for ownership of a new car. Yes, as cars get older they get less reliable. This is likely to be true of the Tesla, too. The number is kinda baked into the real resale value, anyways. A good part of what subsequent buyers are willing to pay is based on their inferred operating costs.
Re: Tesla Model 3 Cost of Ownership Slightly Cheaper Than a Camry
#80Earlier quoted context omitted.
And the cost of financing, which is highly variable based on the individuals credit worthiness.
Or folks may not require any financing. In which case, the model 3 is even more cheaper per mile than the camry.