The value of all Teslas have gone down 33% in the last year. And that's the dealership price, not the trade-in value. Brutal. Basically if you paid $50K for a Tesla a year ago you'd get $20-22K trade-in value for it right now.
Across all automakers used prices are down 7% compared to a year ago, down 33% for Tesla. And it's the same or worse for all used EVs. A 2022 Model 3 has lost 44% value in the last 365 days, a 2023 has lost 37%.
https://www.cargurus.com/research/pr...=1713326399999
Maybe Biden riding in a Ford F150 Lightning inspired you and you had way too much money burning a hole in your pocket. Dealers are selling them for $80K less than they were when they hit the lot in mid 2022. Try trading that less than two year old vehicle and you'll have lost almost $100K. Kia, Polestar, other Fords, etc. Values have dropped like a stone for EVs compared to other vehicles.
Bought a Prius or a Honda Accord Hybrid last year? Meh, the loss in value is the same or less than standard vehicles.
Don't get sodomized. If interested in electrification, get a hybrid. They're more reliable and maintenance is WAY cheaper.
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Thread: Bought an EV? You got sodomized.
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04-16-2024, 01:25 PM #1
Bought an EV? You got sodomized.
Light weight! Light weight baby!!!!
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04-16-2024, 01:35 PM #2
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04-16-2024, 01:52 PM #3
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04-16-2024, 01:56 PM #4
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04-16-2024, 02:00 PM #5
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04-16-2024, 02:03 PM #6
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04-16-2024, 02:06 PM #7
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04-16-2024, 02:12 PM #8
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04-16-2024, 02:19 PM #9
I forgot they offered that at their chargers before the Model 3. I'm not picking on Tesla specifically either. Hell, a used Tesla is cheap to buy now and that's good. Prices for all EVs are crashing. While used vehicles as a whole are increasing slightly, because that's normal this time of year, EV prices keep dropping. The top models losing value are all EVs.
I'm not in the market any time soon, but I say get a hybrid Toyota/Lexus and be headache free.Light weight! Light weight baby!!!!
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04-16-2024, 02:29 PM #10
My mom recently got a Lexus PHEV (Plug-in Hybrid Electric Vehicle) and in her case the only reason the financial math worked out is because she already had a massive solar array that was overproducing and there was a $7500 credit. It will still take about 4 years for the additional cost of the PHEV compared to an ICE to work out, but she also kept her last car for close to a decade.
For the vast majority of people I think PHEV/Hybrid is the solution versus full on EV. I personally probably will never own a EV unless there is a breakthrough in battery technology.
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04-16-2024, 02:32 PM #11
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04-16-2024, 02:44 PM #12
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04-16-2024, 02:53 PM #13
- Join Date: Jan 2007
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This.
All new cars depreciate as soon as they drive off the lot. If you want an electric car, get one, there's nothing wrong with them. ,If Israel and Iran start to fight for real watch gas prices go to ten dollars a gallon and you'll see a lot of people wishing they had a Tesla.Black with a Small Hat
Rabbi Penishead
Nigerian
Jogging and Mogging
Always Relaxed
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04-16-2024, 02:59 PM #14
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04-16-2024, 03:23 PM #15
Yep. It used to take 8 years of average driving for a hybrid to pay off. Now it's 3-4 years on average. For a couple of models the savings are immediate. I inherited an extra vehicle last year so I probably won't be buying for a long time, but when I do it will be a hybrid.
I'll consider an EV once everything about them has improved dramatically, which likely means a dozen years or so from now.Light weight! Light weight baby!!!!
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04-16-2024, 03:31 PM #16
Buying a used EV is basically like taking over someone else's problem. Like getting a used laptop or smartphone where you don't know how long the battery is going to be good for, where it doesn't last as long as it used to. But with cars it's your primary means of transportation, it costs you a phuck ton more, and you gotta pay out the ass for repairs.
They're basically for the type of people who only lease their vehicles, doesn't make much sense to own one. Replacing the batteries when they expire will exceed the value of the car. They are essentially disposable.
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04-16-2024, 04:40 PM #17
Best friend and i had a similar discussion yesterday when discussing if he regrets selling his 2015 amg e63.
He bought a 2019 used fast as fk Tesla(don't know the type)
Amg 2015 E63:
gas was 450/month +/-
superior handling
fun exciting ride
held it's value but it was not about that.
Tesla 2019:
$16,000 battery when it is time, or replace the bad cells only
handling is bad to average
he said he may keep it due to gas savings and speed.
This is a very individual discussion if you are used to sports cars with torque.There is an unspoken thing, we are iron brothers and sisters, we are to support each other and...It is our duty to support our brothers and sisters in the iron game!
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04-16-2024, 05:22 PM #18
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04-16-2024, 05:57 PM #19
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04-16-2024, 05:57 PM #20
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04-16-2024, 06:17 PM #21
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04-16-2024, 06:19 PM #22
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04-16-2024, 06:54 PM #23
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04-16-2024, 09:08 PM #24
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04-16-2024, 09:10 PM #25
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04-16-2024, 10:10 PM #26
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04-16-2024, 10:14 PM #27
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04-17-2024, 02:41 AM #28
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04-17-2024, 03:15 AM #29
Got a great car cheap af compared to comparable ICE cars. Electricity is free because of solar, no servicing, everything about it has been awesome so far.
I don't have any ideological commitment to one kind of engine or the other, but my Model Y is a great car and has been an awesome deal whichever way you look at it.
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04-17-2024, 04:59 AM #30
Everyone i know says it is best to lease an EV instead of buying. They are afraid that the batteries do not last long, and battery replacement costs are outrageous. Indirectly I've heard a Germany car dealership telling customers it is best to not buy their EVs as they are not reliable yet. I have wondered if that mention is self serving or they are being honest.
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