Why didn’t you include depreciation? From what I see Model 3’s are the best out there at the moment for depreciation but obviously a major cost of running any car
I chose to exclude it as it’s a bit of an unknown, but early signs are looking good. I appreciate a lot of people don’t buy and lease, so that wouldn’t apply to them. Figured people could add on what is relevant to them. If people get what they are asking for their Model 3s mine, would be on auto trader currently for around £37k, which means depreciation of £3000 for 18 months. That would work out £187 a month or £2250 depreciation for the year. I struggle to believe this though, as have been use to cars depreciating by 20% in first year, not 7.5% for 18 month. Brilliant if true 😬
@@relaxnchill9335 No that’s the cost of not being smart, unless it’s for business use and being written off. Seriously though financing cost or payments is not a “running cost” because it depends on things like interest rate and downpayment. My car is paid off in full and worth more than I paid... does this mean I can subtract from my running costs? Absolutely not. Do you literally write a check each month for depreciation? No. Running costs are what it COSTS to RUN the vehicle, as the words state.
@@relaxnchill9335 Youre talking about a more broad ownership cost, which is perhaps relevant but not what I’m interested in. In fact the two things I didn’t like about this vehicle were: 1) lack of contrast to OP’s last gas car. 2) inclusion of costs that had not yet been incurred. IMO the brakes have not cost anything yet since they haven’t needed to be serviced. Should you be saving for this? Sure. Is it a cost incurred as of yet? No.
My Toyota CR-V got 4.1 litres per 100 klicks. @ 1.75 per litre that is $7.18 per 100 klicks. With a range of 525 klicks it costs me $37.70 in fuel. A Tesla gets about 434 Klicks per charge @ 84Kwh. @ $0.32 per Kwh, that is $26.88 per charge or $32.52 for 525 klicks, a saving of $5.18 or .000986 cents per klick. I bought the CR-V for $34,000 and sold it 5 years later for $28,000. O, servicing costs... $120 per 10,000 klicks.
Looking to move into Tesla 3 ownership later this year when I can hand my Audi S5 back. Really enjoying your videos, very helpful and judging from the seaside trip you did, you can’t be that far from me. I’m in south northants 😀
Good review, interesting figures. 👍🏽 I’m crunching a few numbers myself at the moment on car expenses. One big thing to consider tho... the cost of the car up front if bought outright, (not an insignificant cost), or the monthly payments if on a lease.
I think I reset it annoyingly, but on this basis I think it works out an average of 270 Wh/mile which is probably about right as in summer I see about 250 and winter about 300.
lol my golf R costs me about £60 a month on fuel (there abouts to 300 miles),,, When I use the model 3 it works out at about £7 for th same mileage (same as your SR+) . I much prefer to drive the tesla (it even feels quicker due to no input lag) and thats saying something since my golf has the gearbox and engine remaped. Unfortunately, I have to share it with the Mrs until the Y gets here as the golf replacement. All our cars and motorbike are bought outright as im old school like that but I dont really think about depreciation. I just rite all that money off since we still need a car each (bike is a treat/toy... Yes, I consider that a necessity as well :D) and we would never "downgrade" as such. I know, never say never and all that, at which point they are still assets and even though depreciating, the cars specially save us allot of money (more than the equivalent would earn us if it was gaining the highest interest rate at the moment if it was just sitting in the bank) . Thanks for the video (an yes making me feel good again lol)
I'm actually going to forward this to my friend who has a Golf R. He was sitting on the fence, I'm hoping this helps him get off on the right side 😬. I'm same as you I buy my cars outright if I can (although got a bank loan for this), as I can pay the loan back at any point and as they seem to be holding their value very well, if my situation changed I could sell the car and be free. My gut instinct is that having some ownership in the car is the better option right now, as if the Model 3 holds its value, you will have more equity at the end, where as lease you will not have anything. It's a bit of an unknown at the minute the future value of the Model 3, but initial signs look like it will work in favour of anyone that owns it
@@TeslaTorque Has he not driven yours? It will depend on his driving style. I like performance and all the toys hence mine is fully loaded dsg minus the 19"wheels. I can setup the golf to be more comfortable than the tesla due to the electronic suspension but most of the time just have it on normal and I dont really like ragging it around. Just nice to have power to get out of situations which the tesla can do much better on a daily basis. Dont know about them holding value since allot of it is in the batteries and I think in circa 3 to 5 years time there will be many other cars out and batteries keep getting cheaper. I think of it as an offset that in that up to that time I will have the joy and comfort of driving these things plus many savings will have been made (thousands).
Another good video! You've convinced me. I've now placed the order for my M3LR, to arrive in April. I had intended to use your referral code, but stupidly didn't realise that it works as a hypertext link, rather than a code you type in, so I'm afraid we both lose out on supercharger miles. :-( I emailed Tesla and they replied back saying politely, but firmly, that there's no way to use the "code" after the order is placed. Boo. Sorry about that; I really wanted to support your channel as it's truly one of the best for content and info. It might be worth it to make a little video about how to use the referral, and dispel rumours that codes can be applied after the order is placed - am happy to supply the email they sent me. Keep up the good work. :-)
I love the fact people are making the switch. Annoying about the code, although it’s not like we are allowed to drive anywhere to use them 😂. They expire after six months as well. I might change my link in the description so it’s clear how to use it. I didn’t know that to be fair. You should still probably ask when you pick it up. You never know. one viewer said how the code was left in from a previous purchaser, so they got 1,000 free miles. They might be cracking down on them now, who knows. thanks for the positive feedback, roll on April for you 👍🏻
@@TeslaTorque I'll definitely give it a go when I'm picking it up - I hope that by April we might have someplace to drive to again. This house arrest sucks.
@@cbromley562 Thanks for the tip - I already called them and all they did was give me an email to write to - which didn't get me any further. I'm still going to give it another try when I pick it up though. May I ask when you picked yours up - I wonder if they've changed some cosmic rule.
@@HydrogenAlpha We picked ours up beginning September 2019. Maybe the policy has changed, but it’s worth giving it a try when you pick it up, as they are extremely friendly. (The showroom might be the best bet, as they’re not run off their feet?). It’s no big deal though, as the Superchargers are pretty cheap. Enjoy.
There not much service you need to do in with Tesla. Mostly basic local service . Rotate tires and balance. Brake checks and change window shield wipers, 1 or 2 years. Always keep your car clean inside out to keep ware from grind on your paint. There is change in battery coolant every 4 years, very expensive , some owners bypass that maintenance. I am not found of wrapping, because it has known to fail in 8 years. Francesca Tesla Model 3 2021
I understand that this is a personal example, but most Tesla owners won't benefit from completely free supercharging. Shouldn't you use the cost for all your mileage based on off peak home charging (and typical supercharger costs) as solar is still relatively unusual in the UK? Alternatively, you should include your estimate of the pro rata cost of installing solar panels.
if you get the feed in tariff etc then the cost of installing is easy covered by this amount last year i got over £300 cheque from this so making such a calculation pointless as what i get cover more than what i paid to install. and that price paid to have fitted should be divided by 20 for expected life of the panels although likely like ev's to last longer than that since no moving parts
Hi Vaughan, it gets very complicated as the price of solar dropped and so did the feed-in tariff. For those that aren't familiar, to encourage solar uptake the government paid people who have solar installed a fixed price per kWh of electricity they produce, guaranteed for 25 years. This was called the feed-in tariff. I was lucky and got it early on, so I get around £0.50 per kWh I produce (which is an insanely high amount), but back then my panels cost way more, so return on investment was about 16% for 25 years. In terms of supercharging, I honestly did a minimal amount, it wouldn't affect the figures, as we've not really been allowed to travel anywhere. I think it was a trip to Bournemouth, once to Warwick and once for the Supercharger video. Maybe 300 miles tops added? £18 equivalent at Supercharger rates. For accurate electricity rates on the off peak rate, its £0.05 per kWh and on the basis I got an average of 3.7 miles per kWh that's a cost of 1.35 pence per mile. So without Solar and all off peak it would have been £87.5 for 1750kWh of electricity. Kind of hope that helps, it is going to be different depending on everyones own circumstances, but thought my example could be a bit of a guide, some may be more, some with Powerwalls or using an agile tariff may be less.
I'll be owning my car regardless of cost so I write off depreciation as I'm gonna earn it all back anyway by other means but in two years time (loan paid off) I'll really see how cheap it is to run the car. Shame the pandemic means I won't get to fully enjoy my car to its potential because my annual mileage has PLUMMETED!!
Yep, that's why I kind of didn't include it, as everyone does it their own way. My main goal was to see how much it costs me per mile to be fair, which turned out to be pretty cheap :)
you could withdraw the solar as many people may not have solar and just put all kws as buying in electricity for the if you were doing these miles costs. the more miles you do the less your insurance is since it does not change due to mileage. i have to say them tyres are a lot to get but i do know some one who paid for bmw tyre £200 i have to say your insurance is very low for a 40k car i have never claimed and have more ncd than you when i was looking at cars to buy i was given a £1,000 quote. but i could not afford a tesla at 30k anyway.
So without solar it would be £87.50 for the year, or 1.35 pence per mile. I'm hoping Tesla bring insurance to the UK soon, as that should help if they have faith on how safe their cars are and how they can avoid accidents, then surely the insurance should be minimal 👍. I need to look into tyres more, there are specific EVs ones which are better suited to the weight and acceleration which last longer, just need to evaluate the brands when it comes to replacing them, but as I'm a conservative driver, hoping I have a few years left in them :)
My LV insurance on model 3 performance went up a bit so I switched last September to Churchill @ £231.84 with protected bonus. (I’m quite a bit older than you and live just outside Bristol so that probably helps!).
It is on my list, I want to do it compared to combustion car and also look at second hand options now, but the footage I want to shoot to supplement it would involve other people which can't be shot at the moment. Once lockdown is eased, it will give me a bit more freedom - but great idea, keep the content ideas coming
Love the Car but can’t get past that rear panel fitment on the back camera the bit where one side is below and other side raised to show an edge. Tesla are a no brainer but that tyre cost is an ouch.
I had a chat with Tesla peeps today, and was told you cannot get 1 year free supercharging with a Model 3 only a S and the buying prices are fixed ie no dicounts at all, I am thinking of purchasing a longrange version with full auto drive for cash , any ideas ?
So I actually had savings and therefore just got a bank load for £25,000 at 3% interest over 5 years. How long are you planning on keeping the car? I've just done a video about full self driving which may be worth a watch. It's a gamble whether it will be worth it or not. If you plan to keep the car for years, then could be good, but if you change cars frequently, then you may not get the full benefits of full self driving. I not quite sure what you meant by any ideas? As in how to raise the cash or the physical process of buying? Buying was easy, just long onto the Tesla site and order it (using my referral code - that will get you your Supercharger miles). 5 minute job. I'm not sure if they are still doing free cancellations if you change your mind.
@@TeslaTorque Thanks for the reply, I have cash, I know unheard of these days ! my last car I kept for 11 years, so planning long term, the full self drive does interest me however seems a lot of money for whats on offer in the UK at present, Oh I will use your refer code when I decide to buy
Thanks, it was kinda for my own benefit, as always telling friends how cheap they are to run, but never truly worked it out. Now I know, and thought it was worth sharing 😬
Interesting costs there…..how much to get your charger installed. I’m amazed at the cost for electricity overnight. I’ve an Audi S4, and just filled up on Optimum Ron 99 fuel, at the cost of £85, which says it will do 370 miles (more like 330 i reckon). So in 1 tank, I’ve spent more than you spent in a year on fuel. Crazy…..I need to start doing some maths !!!
I got my charger installed quite a while ago now. The grants have changed. I think if you budgeted for £1000 for a charger you wouldn’t be far off. Alternatively depending on your mileage you get a 3 pin charger. But it is slow (adds about 8 miles an hour)
'' save on running costs for only £1110 a month ''🤗 OK PCP its only around £500 a month however its Hiring the Vehicle after paying arund £20,000 you get nothing in return as if you were buying a cheaper car you can sell it for around £12,000 after 3 years
but I think PCP or lease on a combustion can can easily be over £300, then add on all the other monthly costs and then an EV is generally comparable, if not significantly cheaper if you do the miles
@@TeslaTorque Tesla's are Great Cars , They are smooth , amazing acceleration they are a head of times in most cases . However the Notion a Tesla saves you money I perceive it to be a Scam You want to save money you buy a new Civic for £20,000 after 3 years sell the car and get at least £12,000 back which pays for any fuel & service costs 🤷
@@niceboy60 - you’ll find ppl don’t buy Tesla’s just to save money, there is more to it than that. I drive an S3 and would still swap to a Tesla if I could. I love the tech, the silence, the battery side of it. Plus where I live I couldn’t help but hunt out every bus lane just so I can drive in em 😂 It’s not just about savings but I hear what you mean. Cost wise a Tesla would cost me over £10k more than another S3.
I think you're dreaming with your tyres, they won't last as long because EVs are alot heavier and have a lot of torque. I'm on my tenth tyre in 30k and that's in my lightweight GTi, although we do have a lot of corners in Wales 😅
Yep, I'll be interested to see how they last. On the upside, there seems to be a lot more developments of tyres for EVs now which means they should last as long if not longer, and I guess it comes down to the number of corners and how often you want to scare your mates with how fast electric cars accelerate 😂
Paying the down payment/deposit, to an international account in the USA, is £ to $ along with exchange costs? Assuming I take out a PCP and pay from auk bank ?
It is cheap man but u need 40.000 my augo it cost me 1400 pounds and the average running is 8.5 to 8.9 litres per 100 miles and my mini cost me 2000 pounds and running cost around 9 to 10 litres average 9.5 to 10.5 litres per 100 miles! So... I adore tesla and evs but they are rediculus expensive 40.000 45.000 when the average car even brand new is around 15000 to 25000 pounds!
They are very expensive and I don't think in the price range of people that would normally go for your smaller hatchbacks. I wasn't doing the mileage in my Fiesta to warrant the Tesla saving me any money, and my car was absolutely fine. My only reason for buying it was that I was fortunate enough to be in a position that I could and I really wanted to go electric, and as cliche as the sayings are, life is short you never know what's round the corner. As it wouldn't compromise my living and it was something I really wanted to do, I decided to do it. Fingers crossed though that over time, because we took the hit on buying them new, there will be a healthy second hand market in a few years which will open them up to more people who can't warrant the upfront costs. I think everyone just needs to add up their monthly costs, and for some it will make financial sense and a saving, others it won't and they may have to wait for the second hand market to develop, or lower priced versions to come out.
Just got quoted £36k on the MINI clubman works that was sitting ready to go and the dealer was happy to tell me that was after a £3k off on list price as if it was the deal of the century and play money. I kid you not you can now spec a MINI with options ticked for £43k plus 🤷🏼♂️ Even the standard Coopers that were once £14k split new are hovering around £19-22k
For us normies in 2022 £54.10 for electricity is more like per month with today's prices 😂 I can't believe how cheap you used to get it fook me. I suppose getting solar panel costs etc back are a factor in it all. Be good to know what the costs are now and if solar panels weren't a factor
From what I've heard we are expecting China Made Model 3s from now on, which have the lowest fault rates in China....now I don't know if that is a good or a bad thing, as obviously if they are terrible at building cars it doesn't say much 😬 (Note to self: Change camera angle 😂)
Why didn’t you include depreciation? From what I see Model 3’s are the best out there at the moment for depreciation but obviously a major cost of running any car
I chose to exclude it as it’s a bit of an unknown, but early signs are looking good. I appreciate a lot of people don’t buy and lease, so that wouldn’t apply to them. Figured people could add on what is relevant to them.
If people get what they are asking for their Model 3s mine, would be on auto trader currently for around £37k, which means depreciation of £3000 for 18 months. That would work out £187 a month or £2250 depreciation for the year.
I struggle to believe this though, as have been use to cars depreciating by 20% in first year, not 7.5% for 18 month. Brilliant if true 😬
Depreciation is not a running cost
@@chickenmuffin would you say lease costs are a running cost?
@@relaxnchill9335 No that’s the cost of not being smart, unless it’s for business use and being written off.
Seriously though financing cost or payments is not a “running cost” because it depends on things like interest rate and downpayment.
My car is paid off in full and worth more than I paid... does this mean I can subtract from my running costs? Absolutely not.
Do you literally write a check each month for depreciation? No. Running costs are what it COSTS to RUN the vehicle, as the words state.
@@relaxnchill9335 Youre talking about a more broad ownership cost, which is perhaps relevant but not what I’m interested in.
In fact the two things I didn’t like about this vehicle were:
1) lack of contrast to OP’s last gas car.
2) inclusion of costs that had not yet been incurred. IMO the brakes have not cost anything yet since they haven’t needed to be serviced. Should you be saving for this? Sure. Is it a cost incurred as of yet? No.
My Toyota CR-V got 4.1 litres per 100 klicks. @ 1.75 per litre that is $7.18 per 100 klicks. With a range of 525 klicks it costs me $37.70 in fuel. A Tesla gets about 434 Klicks per charge @ 84Kwh. @ $0.32 per Kwh, that is $26.88 per charge or $32.52 for 525 klicks, a saving of $5.18 or .000986 cents per klick. I bought the CR-V for $34,000 and sold it 5 years later for $28,000. O, servicing costs... $120 per 10,000 klicks.
Looking to move into Tesla 3 ownership later this year when I can hand my Audi S5 back. Really enjoying your videos, very helpful and judging from the seaside trip you did, you can’t be that far from me. I’m in south northants 😀
Good review, interesting figures. 👍🏽 I’m crunching a few numbers myself at the moment on car expenses. One big thing to consider tho... the cost of the car up front if bought outright, (not an insignificant cost), or the monthly payments if on a lease.
I think EVs make sense for if you do big miles, low mileage you won’t make the savings to justify initial outlay
Thanks for the videos. Taking delivery of my Model 3 in 2 weeks and I have used your referral code 👍👍👍👍
Sorry about the slow reply, Congratulations, is it living up to expectations?
@@TeslaTorque got it yesterday.....it’s gorgeous. One of the first batch from China. 👍👍👍
In the U.S an out of warranty battery cost $16000 to replace.
Have you had to get a battery replaced? What were the circumstances?
Nice photos in the frost.
Thanks, hands were freezing, I've still not got use the the fact the ice never melts on the bonnet 🤣
Good video but what is your overall watts per mile as shown on the car...or have you reset that?
I think I reset it annoyingly, but on this basis I think it works out an average of 270 Wh/mile which is probably about right as in summer I see about 250 and winter about 300.
lol my golf R costs me about £60 a month on fuel (there abouts to 300 miles),,, When I use the model 3 it works out at about £7 for th same mileage (same as your SR+) . I much prefer to drive the tesla (it even feels quicker due to no input lag) and thats saying something since my golf has the gearbox and engine remaped. Unfortunately, I have to share it with the Mrs until the Y gets here as the golf replacement. All our cars and motorbike are bought outright as im old school like that but I dont really think about depreciation. I just rite all that money off since we still need a car each (bike is a treat/toy... Yes, I consider that a necessity as well :D) and we would never "downgrade" as such. I know, never say never and all that, at which point they are still assets and even though depreciating, the cars specially save us allot of money (more than the equivalent would earn us if it was gaining the highest interest rate at the moment if it was just sitting in the bank) . Thanks for the video (an yes making me feel good again lol)
I'm actually going to forward this to my friend who has a Golf R. He was sitting on the fence, I'm hoping this helps him get off on the right side 😬. I'm same as you I buy my cars outright if I can (although got a bank loan for this), as I can pay the loan back at any point and as they seem to be holding their value very well, if my situation changed I could sell the car and be free.
My gut instinct is that having some ownership in the car is the better option right now, as if the Model 3 holds its value, you will have more equity at the end, where as lease you will not have anything. It's a bit of an unknown at the minute the future value of the Model 3, but initial signs look like it will work in favour of anyone that owns it
@@TeslaTorque Has he not driven yours? It will depend on his driving style. I like performance and all the toys hence mine is fully loaded dsg minus the 19"wheels. I can setup the golf to be more comfortable than the tesla due to the electronic suspension but most of the time just have it on normal and I dont really like ragging it around. Just nice to have power to get out of situations which the tesla can do much better on a daily basis.
Dont know about them holding value since allot of it is in the batteries and I think in circa 3 to 5 years time there will be many other cars out and batteries keep getting cheaper. I think of it as an offset that in that up to that time I will have the joy and comfort of driving these things plus many savings will have been made (thousands).
Another good video!
You've convinced me. I've now placed the order for my M3LR, to arrive in April. I had intended to use your referral code, but stupidly didn't realise that it works as a hypertext link, rather than a code you type in, so I'm afraid we both lose out on supercharger miles. :-(
I emailed Tesla and they replied back saying politely, but firmly, that there's no way to use the "code" after the order is placed. Boo.
Sorry about that; I really wanted to support your channel as it's truly one of the best for content and info. It might be worth it to make a little video about how to use the referral, and dispel rumours that codes can be applied after the order is placed - am happy to supply the email they sent me.
Keep up the good work. :-)
I love the fact people are making the switch. Annoying about the code, although it’s not like we are allowed to drive anywhere to use them 😂. They expire after six months as well. I might change my link in the description so it’s clear how to use it. I didn’t know that to be fair. You should still probably ask when you pick it up. You never know. one viewer said how the code was left in from a previous purchaser, so they got 1,000 free miles. They might be cracking down on them now, who knows. thanks for the positive feedback, roll on April for you 👍🏻
Phone your local dealer (ours was Bristol), they should add it to your order...worked with us.
@@TeslaTorque I'll definitely give it a go when I'm picking it up - I hope that by April we might have someplace to drive to again. This house arrest sucks.
@@cbromley562 Thanks for the tip - I already called them and all they did was give me an email to write to - which didn't get me any further. I'm still going to give it another try when I pick it up though.
May I ask when you picked yours up - I wonder if they've changed some cosmic rule.
@@HydrogenAlpha We picked ours up beginning September 2019. Maybe the policy has changed, but it’s worth giving it a try when you pick it up, as they are extremely friendly. (The showroom might be the best bet, as they’re not run off their feet?).
It’s no big deal though, as the Superchargers are pretty cheap. Enjoy.
There not much service you need to do in with Tesla. Mostly basic local service . Rotate tires and balance. Brake checks and change window shield wipers, 1 or 2 years. Always keep your car clean inside out to keep ware from grind on your paint. There is change in battery coolant every 4 years, very expensive , some owners bypass that maintenance. I am not found of wrapping, because it has known to fail in 8 years.
Francesca Tesla Model 3 2021
Thanks for the info, do you know how much the coolant costs to replace?
I understand that this is a personal example, but most Tesla owners won't benefit from completely free supercharging. Shouldn't you use the cost for all your mileage based on off peak home charging (and typical supercharger costs) as solar is still relatively unusual in the UK? Alternatively, you should include your estimate of the pro rata cost of installing solar panels.
if you get the feed in tariff etc then the cost of installing is easy covered by this amount
last year i got over £300 cheque from this so making such a calculation pointless as what i get cover more than what i paid to install.
and that price paid to have fitted should be divided by 20 for expected life of the panels although likely like ev's to last longer than that since no moving parts
Hi Vaughan, it gets very complicated as the price of solar dropped and so did the feed-in tariff. For those that aren't familiar, to encourage solar uptake the government paid people who have solar installed a fixed price per kWh of electricity they produce, guaranteed for 25 years. This was called the feed-in tariff. I was lucky and got it early on, so I get around £0.50 per kWh I produce (which is an insanely high amount), but back then my panels cost way more, so return on investment was about 16% for 25 years.
In terms of supercharging, I honestly did a minimal amount, it wouldn't affect the figures, as we've not really been allowed to travel anywhere. I think it was a trip to Bournemouth, once to Warwick and once for the Supercharger video. Maybe 300 miles tops added? £18 equivalent at Supercharger rates.
For accurate electricity rates on the off peak rate, its £0.05 per kWh and on the basis I got an average of 3.7 miles per kWh that's a cost of 1.35 pence per mile. So without Solar and all off peak it would have been £87.5 for 1750kWh of electricity.
Kind of hope that helps, it is going to be different depending on everyones own circumstances, but thought my example could be a bit of a guide, some may be more, some with Powerwalls or using an agile tariff may be less.
Everyone should own 2 !! Dang that’s cost effective !!
Surely they should mix it up and get a Model 3 and a Model Y, a bear minimum is mix up the colours at least 👍
I'll be owning my car regardless of cost so I write off depreciation as I'm gonna earn it all back anyway by other means but in two years time (loan paid off) I'll really see how cheap it is to run the car. Shame the pandemic means I won't get to fully enjoy my car to its potential because my annual mileage has PLUMMETED!!
Yep, that's why I kind of didn't include it, as everyone does it their own way. My main goal was to see how much it costs me per mile to be fair, which turned out to be pretty cheap :)
@@TeslaTorque it's cheaper than public transport. In my case, £300 cheaper!
you could withdraw the solar as many people may not have solar and just put all kws as buying in electricity for the if you were doing these miles costs.
the more miles you do the less your insurance is since it does not change due to mileage.
i have to say them tyres are a lot to get but i do know some one who paid for bmw tyre £200
i have to say your insurance is very low for a 40k car i have never claimed and have more ncd than you when i was looking at cars to buy i was given a £1,000 quote. but i could not afford a tesla at 30k anyway.
So without solar it would be £87.50 for the year, or 1.35 pence per mile. I'm hoping Tesla bring insurance to the UK soon, as that should help if they have faith on how safe their cars are and how they can avoid accidents, then surely the insurance should be minimal 👍. I need to look into tyres more, there are specific EVs ones which are better suited to the weight and acceleration which last longer, just need to evaluate the brands when it comes to replacing them, but as I'm a conservative driver, hoping I have a few years left in them :)
My LV insurance on model 3 performance went up a bit so I switched last September to Churchill @ £231.84 with protected bonus. (I’m quite a bit older than you and live just outside Bristol so that probably helps!).
Mines with Churchill, cheapest I could find by a long way, good to know other people are on a similar amount
Admiral cheapest for me £730, I'm 27 so on the younger side of the spectrum of tesla owners
Can u please do a video about pcp or hcp
It is on my list, I want to do it compared to combustion car and also look at second hand options now, but the footage I want to shoot to supplement it would involve other people which can't be shot at the moment. Once lockdown is eased, it will give me a bit more freedom - but great idea, keep the content ideas coming
Love the Car but can’t get past that rear panel fitment on the back camera the bit where one side is below and other side raised to show an edge. Tesla are a no brainer but that tyre cost is an ouch.
Haha, I know, I should have noticed that, but the GoPro screen was tiny. Tyre cost is an ouch, but loads of savings elsewhere, it can't be perfect :)
I had a chat with Tesla peeps today, and was told you cannot get 1 year free supercharging with a Model 3 only a S and the buying prices are fixed ie no dicounts at all, I am thinking of purchasing a longrange version with full auto drive for cash , any ideas ?
So I actually had savings and therefore just got a bank load for £25,000 at 3% interest over 5 years. How long are you planning on keeping the car? I've just done a video about full self driving which may be worth a watch. It's a gamble whether it will be worth it or not. If you plan to keep the car for years, then could be good, but if you change cars frequently, then you may not get the full benefits of full self driving.
I not quite sure what you meant by any ideas? As in how to raise the cash or the physical process of buying? Buying was easy, just long onto the Tesla site and order it (using my referral code - that will get you your Supercharger miles). 5 minute job. I'm not sure if they are still doing free cancellations if you change your mind.
@@TeslaTorque Thanks for the reply, I have cash, I know unheard of these days ! my last car I kept for 11 years, so planning long term, the full self drive does interest me however seems a lot of money for whats on offer in the UK at present, Oh I will use your refer code when I decide to buy
Good info👍 thank you
Thanks, it was kinda for my own benefit, as always telling friends how cheap they are to run, but never truly worked it out. Now I know, and thought it was worth sharing 😬
Great video. Man
Cheers, appreciate it
My brand new Golf GTI cost £25,000 but uses say £1000 in fuel per year. We will break even in 15 years. Hmmmmm.
Interesting costs there…..how much to get your charger installed. I’m amazed at the cost for electricity overnight. I’ve an Audi S4, and just filled up on Optimum Ron 99 fuel, at the cost of £85, which says it will do 370 miles (more like 330 i reckon). So in 1 tank, I’ve spent more than you spent in a year on fuel. Crazy…..I need to start doing some maths !!!
I got my charger installed quite a while ago now. The grants have changed. I think if you budgeted for £1000 for a charger you wouldn’t be far off. Alternatively depending on your mileage you get a 3 pin charger. But it is slow (adds about 8 miles an hour)
'' save on running costs for only £1110 a month ''🤗
OK PCP its only around £500 a month however its Hiring the Vehicle
after paying arund £20,000 you get nothing in return as if you were buying a cheaper car you can sell it for around £12,000 after 3 years
but I think PCP or lease on a combustion can can easily be over £300, then add on all the other monthly costs and then an EV is generally comparable, if not significantly cheaper if you do the miles
@@TeslaTorque Tesla's are Great Cars ,
They are smooth , amazing acceleration they are a head of times in most cases
.
However the Notion a Tesla saves you money I perceive it to be a Scam
You want to save money you buy a new Civic for £20,000 after 3 years sell the car and get at least £12,000 back which pays for any fuel & service costs 🤷
@@niceboy60 - you’ll find ppl don’t buy Tesla’s just to save money, there is more to it than that. I drive an S3 and would still swap to a Tesla if I could. I love the tech, the silence, the battery side of it. Plus where I live I couldn’t help but hunt out every bus lane just so I can drive in em 😂 It’s not just about savings but I hear what you mean. Cost wise a Tesla would cost me over £10k more than another S3.
I think you're dreaming with your tyres, they won't last as long because EVs are alot heavier and have a lot of torque. I'm on my tenth tyre in 30k and that's in my lightweight GTi, although we do have a lot of corners in Wales 😅
Yep, I'll be interested to see how they last. On the upside, there seems to be a lot more developments of tyres for EVs now which means they should last as long if not longer, and I guess it comes down to the number of corners and how often you want to scare your mates with how fast electric cars accelerate 😂
Paying the down payment/deposit, to an international account in the USA, is £ to $ along with exchange costs? Assuming I take out a PCP and pay from auk bank ?
Get in quick, that exchange rate is changing quickly :)
@@TeslaTorque Sorry my error, was supplied with uk bank details to pay 🤪
It is cheap man but u need 40.000 my augo it cost me 1400 pounds and the average running is 8.5 to 8.9 litres per 100 miles and my mini cost me 2000 pounds and running cost around 9 to 10 litres average 9.5 to 10.5 litres per 100 miles! So... I adore tesla and evs but they are rediculus expensive 40.000 45.000 when the average car even brand new is around 15000 to 25000 pounds!
They are very expensive and I don't think in the price range of people that would normally go for your smaller hatchbacks. I wasn't doing the mileage in my Fiesta to warrant the Tesla saving me any money, and my car was absolutely fine. My only reason for buying it was that I was fortunate enough to be in a position that I could and I really wanted to go electric, and as cliche as the sayings are, life is short you never know what's round the corner. As it wouldn't compromise my living and it was something I really wanted to do, I decided to do it.
Fingers crossed though that over time, because we took the hit on buying them new, there will be a healthy second hand market in a few years which will open them up to more people who can't warrant the upfront costs.
I think everyone just needs to add up their monthly costs, and for some it will make financial sense and a saving, others it won't and they may have to wait for the second hand market to develop, or lower priced versions to come out.
Just got quoted £36k on the MINI clubman works that was sitting ready to go and the dealer was happy to tell me that was after a £3k off on list price as if it was the deal of the century and play money. I kid you not you can now spec a MINI with options ticked for £43k plus 🤷🏼♂️ Even the standard Coopers that were once £14k split new are hovering around £19-22k
For us normies in 2022 £54.10 for electricity is more like per month with today's prices 😂 I can't believe how cheap you used to get it fook me. I suppose getting solar panel costs etc back are a factor in it all. Be good to know what the costs are now and if solar panels weren't a factor
Holy shit your insurance is high
You think £400 for a £40K car is high?? Compared to what?
I have to say, it was only £50 more than my 60 plate Fiesta when I first got it, so I was quite please with £375 initially :)
Ouch that panel gap at the rear...
Yeah that’s all I could see as well. Love the brand but unless they build them right from Berlin it’s a no go for me as I notice everything.
From what I've heard we are expecting China Made Model 3s from now on, which have the lowest fault rates in China....now I don't know if that is a good or a bad thing, as obviously if they are terrible at building cars it doesn't say much 😬 (Note to self: Change camera angle 😂)
its so low its not even worth making a vid about it lol
I'm surprised I got 9 minutes to be fair 🤣, the Model 3 sunrise montage helped pad it out a bit
@@TeslaTorque brake pads was a good one l,,, ya i changed them every 10 years haahah