Tesla Model 3 Cost of Ownership Slightly Cheaper Than a Camry
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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
#2Seems 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 Tesla's part costs and availability has been poor)
- resale value will hold up exceptionally well for the Tesla
Basically, the most optimistic values have been taken for the Tesla in every field and the most pessimistic values have been taken for the Camry, and the Tesla manages a slight win.
Re: Tesla Model 3 Cost of Ownership Slightly Cheaper Than a Camry
#3Seems 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…
And the cost of financing, which is highly variable based on the individuals credit worthiness.
Re: Tesla Model 3 Cost of Ownership Slightly Cheaper Than a Camry
#4I wonder what it would like compared to a Camry hybrid. While, as EVs come down in price it is likely hybrids will disappear, on this comparison it could be cheaper.
Not as much fun as the Tesla mind you - which is worth something to many.
Re: Tesla Model 3 Cost of Ownership Slightly Cheaper Than a Camry
#5I 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 payment). Electricity is relatively cheap (and green!) in Finland, also insurancing a Tesla has no premium. It starts to look like a bargain!
We drive a lot, almost 50,000 km per year. Of course there are lot variables, but I'm pretty sure that gas and ICE car taxation won't get any cheaper. Not to forget that SR+ is definitely more fun daily driver.
Re: Tesla Model 3 Cost of Ownership Slightly Cheaper Than a Camry
#6Seems 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…
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.
Re: Tesla Model 3 Cost of Ownership Slightly Cheaper Than a Camry
#7Seems 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…
And the cost of financing, which is highly variable based on the individuals credit worthiness.
If you’re financing a new car and worried about the cost of ownership, you should probably think about the reducing the biggest cost with a new car on finance.
I.E don’t buy it using money borrowed from someone else.
Re: Tesla Model 3 Cost of Ownership Slightly Cheaper Than a Camry
#8I 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 something so outrageous!
For context I owned a sporty car when I was 19 and had just passed my test my insurance was £1200p.a.
I consider myself, and the car, considerably safer and this expected something around this mark.
I am hoping next year I will see a significant drop in price.
I wonder how ‘real word’ their calculations where?
Re: Tesla Model 3 Cost of Ownership Slightly Cheaper Than a Camry
#9I 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…
So 750 Euro for the car and electricity. Wouldnt it be cheaper to use other means of transportation?
I guess thats not even the end of the line since there probably are other costs like taxes, insurance and repairs?
I use several types of transportation every day (Bikes, Scooters, Mopeds, Buses, Trains, Cabs) and I pay less then 300 Euro a month for it all. And its much less hassle since I can just start wherever I am and never have to search for a parking space, walk to my car or deal with any maintenance.
Re: Tesla Model 3 Cost of Ownership Slightly Cheaper Than a Camry
#10I 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…
So 750 Euro for the car and electricity. Wouldnt it be cheaper to use other means of transportation? I guess thats not even the end of the line since there probably are other costs like taxes, insurance and repairs? I use several types of transportation every day (Bikes, Scooters, Mopeds, Buses, Trains, Cabs) and I pay less then 300 Euro a month for it all. And its much less hassle since I can just start wherever I a…
750 euro? I think you misread. Electricity for SR+ would cost less than 100 EUR per month, 300 EUR is my current gas cost for Prius.
I live in countryside, so there is no practical alternative transport options available. Moved from a city 5 years ago and have been happy. Family-sized housing in Helsinki costs way too much and public transportation works poorly (IMO). Of course, in the end it comes down to personal preference of life style.