You will love driving the model 3 so much that you will get to 100 thousand miles in half that time. We are already at 70,000 miles on our 2018 Model 3. Our old ICE SUV just sits in the driveway.
@@richardgoldsmith7278 I bought a 6 year old Jetta TDI and I drive 600 miles per week. 225/month for diesel fuel. It would take me 10 years to break even if I was to get that M3. Too much money for a car.
@@bmw803 of course any new car will cost more than a second hand on over its lifetime (if it lasts as long). If you add depreciation into the example in the video, the payback point where cost of ownership becomes cheaper for the EV will be at about 16,000 miles some studies have shown - less than 2 years.
Problem is, I've Been waiting on my Toyota to die for the last two decades. At this point there's no point to get rid of it. She's annoyingly clingy. So I'll probably just get another when it decides to quit.
@@Ramandeep-id5dd Lolol, she's at 340k miles, starts up everyone morning, don't smoke, or burn oil, at this point it's a challenge to see when it'll die. Like the episode of Seinfeld, when Kramer didn't want to stop for gas 😅
Agreed. Sure the 5 year may be pretty close but the 10 year cost of ownership is probably drastically different as replacing batteries is outrageously higher.
But after 8 years of ownership if you have to replace the Tesla battery you can tack on another $12k. Toyota $100. I don’t see that in your calculation. Toyota will go 200,000+ miles. What about the Tesla?
It sure looks like you are fudging the numbers. You are overestimating depreciation and repair costs on the Camry. You can't have 5 year data on a Tesla because they haven't been around that long. From what I can find on line a new Tesla3 is $50,000 not $40,000. At 0.05/mile for electricity 60000 miles is $3000, not $1728.
AMEN. I paid $22,066 for my 08 V6 Camry LE that went 135K miles before selling it for $9k cash in 2021 .... so depreciation was $1,000 per year. My 2021 Camry SE at $25K vs Tesla at $44K - 32 mpg; 8K miles per year means even if electricity were free, it would take over 15 years before I'd see a savings.
Biggest omission: You can do most of the maintenance on the Camry yourself or take it to your personal mechanic who will do it for a fraction of the cost of the dealer. Tesla has no 3rd party mechanics who can work on them, and you better not try to do it yourself! Just ask Rich Repairs.
The only maintenance most people need to do on their model three is changing washer fluid, adding air to the tires, and changing the air filter. All of which I do for myself.
Good compare, the thing why all feels odd is the starting price, when some one goes and buy an car that cost 25k, on that moment if some one tells to them that get this 40k car, it will be in the time same cost, answer might be to that…” i dont have 15k more money now to put to that car”, even in long run it will be the same, it is the moment when you buy it, if you dont have money then??… and take a loan for that… well you still have to pay that loan too and it will be an extra payment to your monthly routines.. if you dont have that 15k, you just dont, no matter how you see it in the future to be more costly…
Owned the Model 3 for almost 2 years now and what a great car. It's strange to think that i could sell it for not much less than what i paid for it. I wonder if the next person that owns my car will also get the free premium connectivity.
@@chrisominde4419 Nah!!! I'm not selling something I didnt buy. They're nice cars, but I'm not interested in those things. Once out of warranty, they RIP YOU OFF.
I'd like to see a comparison between the Model 3 and my 2009 Honda Civic. I bought it in 2018 for under $6,000 and haven't had a single problem with it.
First of all, model 3 is far away from luxury, second in five years thats max 100k miles car needs only 10 oil changes plus air filter which is about 70$, one belt about 20$, may need one battery replacement(150$), spark plugs (maybe?!) 80$. If driven normally you won't see any issue whatsoever. 100k at 25mpg(in nyc traffic congested are that's what i get) thats about 12k on gas. If Teslas were cheaper to own and operate uber drivers would be running them not camrys and siennas. Overpriced crap that what model 3 is, 40k for car that rattles and rides like a brick?! Corolla is more luxurious then that crap. And yes i own that crap, cause its only way to get new license in nyc. If no goverment mandate that crap wont even be on streets
Do you own one? Also, how many hundreds of dollars did you pay to install the $20 belt? I've had my model three for three years, I haven't put a dollar into it for anything other than energy. Water in the washer, air in the tires, that's it.
I bought my model 3 SR+ 14 months ago. It hasn't depreciated, in fact I could sell it for about what I paid for it. In addition it's been the best car I can imagine.
And epic speed too. Such a great car. And. Service is done on-site with mobile rangers. The best. And no fluid changes. Better maintenance. So epic. Nice buy👍👍👍
Here in Québec, our 99% hydro electricity is 7(canadian)cents/kWh, so about 5 US cents, while gas is about double the price as in the US... Add the 13k$ direct subsidy on EVs and you'll understand why we buy half of canadian EVs while having a quarter of the population. 😉
@@chrisE815 yes, our electricity industry was nationalized in the 1970s as Hydro Québec, in order to leverage our large rivers potential that where thousands of kilometers north in the middle of native lands. It also means we have a unified power grid, so integrating fluctuating sources like wind and solar is much easier, we just don't have much need for it until they get even cheaper.
The AC in the Telsa is crap and that panoramic roof does not help. That alone is reason to get the Camery, specifilly the Hybrid if you live in the southern US.
Great video! I’m watching this 6 months later when the Model 3 rear wheel drive is now $45,000. Not sure if the Camry has also gone up in price because of inflation. If so the comparison still stands.
4:00 that 50 cent per mile for a Camry is absolutely ridiculous. I run a fleet of two dozen MY 19 to 21 Camrys. Before my time with the company they exclusively ran Camrys going back to about 2008. They kept exquisite cost per mile records selling the vehicles at about 36,000 miles. TCO is about 38 cents per mile. Look at what the fleets are buying, they have all the data which factors in purchase price, TCO and residual value. There's a reason no one is buying Tesla's for their fleets. Tesla's win in a lot of categories, total cost per mile is not one of them.
At 4:58 when comparing the cost of ownership for vehicles of different prices, we need to include the interest cost to be fair to the less expensive vehicle. A buyer has to budget for interest cost on the loan amount.
Take 10 people and ask them which car they would choose if free. No one would pick the Camry... So not a good comparison. In B.C electricity cost is 9.59 cent / KWH for the first 1350 and 14.21 cents after Brake cost on a Tesla have very little brake repair as energy is recycled.
@@lachlanB323 ok because it was sounding like that was an additional cost after purchasing it and I was like how could it cost you another $30k+ over 5 years? Electricity isn’t that much and I thought there wasn’t much maintenance so I was like huh?
Can you break down maintenance cost for Camry? I own a 2017 Ford Escape. If I spent more than $200 for repair, I will remember. And only big maintenance I did was tire replacement for $800 after 5 years as far as I remember. My local ford dealership didn't charge me for oil changes. Camry comes with 2 year no cost maintenance plan. I don't expect a big repair bill for new Camry in 5 years. So the maintenance cost of ICE in general seems overestimated when comparing with EV. Besides that Tesla M3 SR+ is $52500 (not including sales tax, $51500 vehicle + $1200 destination + $250 order fee) on Tesla website as of 01/07/2022. Camry SE is $29,000 ( $26000 vehicle + $1200 for tech package + $1025 destination). I am looking to replace my 2005 Honda Accord and thinking of EV. But high cost of Tesla is not making sense to me from cost point of view. Maybe I will buy EV when I can get one for cost of Nissan Leaf 40Kwh or Camry and reliability/quality of Tesla.
At 4:48 is the estimate for tires realistic? A Tesla is a heavy car which needs a soft tire compound to cater for the performance. We should also allow for tire and suspension damage caused by potholes which owners are experiencing. Windscreen replacement seems to be more expensive on a M3 than a Camry.
Caredge sais the tesla will depreciate 43% not 34%, changing $14,000 to $17,800, a difference of $3,800 by skewing the results. What are the costs for installing the charger & any upkeep?
It's "roughly" the same 😅. Not including 15k starting price difference, and availability of dyi maintenance. I would agree. However wouldn't the purchase price of the vehicle be part of overall cost of ownership. Would it be $36k($33+$3) vs $30k per yr. 15k/60=$250 $250*12=$3. Another way I would say to look at it would be an extra $250 a month. Maybe I didn't pay attention to well was this cost already included and I missed it in the vide
At 4:48 depreciation of 34% over 5 years sounds optimistic. How does that compare to actual depreciation % of Tesla Model S trade in value offered by Tesla after 5 years? 🤔
Tesla has a great value proposition, but until Covid supply chain troubles, Camrys were often bought at significant discounts to MSRP. I looked at the numbers in 2017 and purchased a Camry. If a 3 were available (I bought early in the year), I am certain that the Camry would beat the Tesla from a dollars and cents perspective. I paid $18,500 for a brand new car (base LE with aluminum wheels) with an MSRP just over $24K. It included maintenance for 2 years, so maintenance has been 2 oil changes. and 4 tire rotations. Not one moment in the shop, not one issue with the car. It runs great and has just over 30K miles. KBB is currently higher than what I paid due to the market aberrations due to previously mentioned supply chain issues so depreciation is actually negative for this car (that won't happen again). Now - I have a Camry and a Camry isn't a Tesla. The Tesla is far cooler and more technically advanced automobile. It is changing the dynamic of how cars look and drive into the next decade and beyond, but the Camry is arguably the better transportation because of the rock solid reliability and in my experience will still be less expensive to own than even the least expensive Tesla. So, if you want a Tesla buy one - if you are buying in this market where everything is near MSRP, I might actually recommend it, but once the Toyotas can be built at scale to meet and exceed demand (which is typical), expect it to be a significantly less expensive car to operate when you look beyond the sticker price. That doesn't mean the Tesla isn't a great bargain and isn't worth it, it's just not as cheap to own as a Camry.
Camry SE is not an on-par comparison to a plain Tesla Model 3. An even comparison needs to include the Camry XSE with 6-cyl engine. This dramatically raises the initial cost ($39+k) and the fuel costs of the Camry. Do a video of that comparison and you'll see the Tesla Model 3 will substantially beat the long-term cost of the Camry.
I’m a big Tesla fan, I own the stock & have a Cybertruck on order for 1-1/2 years. My Son has a MY for 9 months & loves it in warm weather. But I have some negative comments: The MY is a heavy car & is wearing the tires fast. The cold weather range is only about 60% of Warm weather. Due to the cars heavy weight & stylish low profile tires, many owners have had rim-rash, blowouts, & ruined wheels from pot-holes. How often does this happen on Japanese or Korean cars? Not very often. PS, I hope my Cybertruck comes with heavy duty steel wheels.
Until the account is closed out, i.e. the car is sold, you do not have a True Cost of Ownership. You are comparing five years of operations and miscellaneous costs. Show the whole picture and the BEV is significantly less. There are spreadsheets on the WWW that show a Model S in the 20+¢ per mile TCO.
The SR+ is a great value. It's too bad it doesn't go at least 300 miles. In a way, it's range seems like it's not as comparable (especially for those new to EVs).
TCO is basically 0 for non-Tesla electric cars in many cities. TCO is a little higher for Teslas in most places. Compare a Chevy Bolt or Nissan LEAF to the Camry, and it's a massacre.
I've done a spreadsheet of total cost of ownership, and something I didn't even consider was resale/trade value of the vehicles, which obviously the Camry will depreciate a lot more vs a Model 3. But how can I calculate that?
The issue with that is Tesla artificially prop that number up with the help of EV credit. That depreciation will increase as more and more EV flood the market. Camry on the other hand, is tried and true gold standard to beat. It's reliable in all weather conditions,, and no need to drive hours to a service center for repair. With most of expensive maintenance at 100K. It really is hard to beat.
There is a long history of used Toyota resale values; there is zilch available for any used EV. A used, operating, Toyota sedan with less than 150K miles will bring $10K+ if not a total cosmetic disaster. Then factor in the cost of EV replacement batteries at 10 years / 100 K miles, falling used EV resale values, and, viola, you are in for a losing proposition.
I wouldn’t consider an electric car because of its inability to deliver the performance necessary to take a long cross country road trip. I also think it’s a bad idea to trust a self driving car. Too many things could go wrong out on the road that requires a mentally alert person to handle safely. I also never buy new cars bc of depreciation. I always wait 3 years or so and usually keep a car for 15 or 20 years. I averaged about 6,000 miles a year the past few years so to break even would take 20 years or so.
I wouldn’t trade my Model Y LR for any BMW. However, for cost comparison, we need to consider the loan cost and the loss of interest income if paying cash.
It's too bad that there's not a Tesla made for "me" so to speak. I'd love a bare-bones, stripped down Tesla with the only things I'd want to splurge on being a good battery & a full suite of battery [with active cooling] management. I'm rocking a low end hybrid, getting about 55 mpg, don't put much mileage on the car, and have fairly low maintenance costs ... so far. I'd love it for there to be some real competition at the low-low end for those folks a little more budget conscious.
My problem is 60K miles for 5 years. That’s very little driving, it’s for people who lease only. According to USDOT male 34-54 years old the average targeted market driving range for M3 & Camry is 19K miles per year, thus 95k miles in 5 years is more realistic. If you use this number 95K miles Tesla you have to add the cost of range anxiety to it…
I have to call you on that. Driving 19K miles a year averages 52 miles a day. Since the car is recharged to 80% every night giving the Standard Range Plus up to 166 miles of range to 20% state of charge each morning, even if you drive 100 miles a day I don't see range anxiety being a problem.
@@MsAjax409 The comment was meant to think critically about the comparison of M3 to Camry, not only about range anxiety. I drive a little more than those miles, it's not easy going home everyday & finding a charging place. My aim to get a Tesla is because of self driving, safety, you get tired & don't go home everyday. I will trust Camry is more affordable than M3 after 5 years at both 95K miles, is the point ☝️ I wanted to highlight
@@CharlesLukoba what are you talking about? You just charge the Model 3 in your garage. No need to find charging places unless going on a long road trip.
You have only included at home charging cost in the comparison which Tesla has too. If you also include the supercharging cost for the Tesla. Then the math evens out.
Seems camry won the numbers. Cost of ownership plus purchase price still has camry winning with the numbers used in this video at the end of 5 years. You just have unknowns, gas price, electric price, availability for both in the future...
Never driven a Tesla. What is your definition of luxury? It’s more than features or interaction with a screen. I don’t buy a car to play games. At my age, ride, seat comfort, noise, audio sound quality, and safety features are most important. What is the life of the battery pack versus and engine (normally good for 200K miles these days)? Overall, good video for cost of ownership, but most people don’t look at total cost of ownership, just the base price and monthly payments.
Real world numbers from Wisconsin: Not factoring re-sale value of my Feb'19 M3 LR (no self driving or autopilot features) which has 43k+ miles, my TCO so far is 1.35$ per mile. Throw in the conservative re-sale value according to KBB, comes down to 0.43$ per mile. That number will only continue to drop.
@@Brian-om2hh Yeah, we are almost that high here in the Republic of California. $4.70/gallon at the corner gas station. Was paying low $3s in January before the current administration shut down fracking. Good for Tesla sales though. :-)
You start with money, buy the car, maintain it while paying for fuel, and then compare. Wouldn’t it make more sense to sell the car and then compare? That way you start and end with just money.
I understand using average ownership of an ICE for the Camry, but why are you using it for the Tesla? Camry gets just over 300,000 miles, so 5 years makes sense, but the Tesla gets over 1,000,000 miles. Shouldn't the Tesla be on a 10 year ownership cycle?
@@Cleanerwatt I did, only thing you left out was the fact that you need 3 Camrys to last as long as one Tesla Model 3. That is $28k X 3 = $84k over the same amount of time. 1,000,000 miles. I know that in your forecast 10 years is the limit, but the real limit is when the car stops moving and is too expensive to repair. I have owned several cars that made it to 350k+ before they died and were too expensive to repair. You should do one over the lifetime of the vehicle. Tesla is ahead by about $60k. :)
Go and afford it! I’d rather have peace of mind that my Camry will go non-stop for good 400+ miles without stop! Until these electric cars match in price and range to my Camry, I’ll keep my Camry!
I sold a two year old Mercedes 300C 4matic and bought the Model 3 long range. Test drive of Model 3 had me. It is an order of magnitude better car. Better handling, quicker, no maintenance, more comfortable seats and haven't been to a petrol station in three years. Have solar at home and leave the garage every morning with a full tank. Superchargers are a dream to use. Typically 15-20 min. stop. I have owned Porsche, Audi, BMW, Mercedes cars and the 3 is by far the best car. Just ordered a Y and have a CT on order. Oh, liked the car so much bought an IRAs worth of TSLA in 2018. Embarrassed to tell people how much I have made.
You didn't talk about all the time wasted as gas stations, getting tune-ups, oil changes and brake replacements, none of which you need on the Model 3.
Consumer Reports ranks Japanese and Korean as superior reliability. Most German cars are mediocre in reliability. Exception is Mercedes-Benz which is very poor reliability, similar to USA cars.
Many are saying that used car market for ICE will drop when they will no longer be legal to sell new but I disagree with this. I think it will create a rarity and a lot of people will hold on ICE cars for a while even after EV cars will become the norm. As the used ICE cars age and EV car will be more affordable then the trend will start to change but don't think ICE car will depreciate so much the 1st year new ICE cars will no longer sell.
Resale prices for the Model 3 will fall as BEV production ramps and demand is better satisfied. We can expect the 5-year cost of ownership to trend towards favoring the Camry. The real story is the *next* five years. Maintenance costs for the Camry will rise faster than for the Model 3, and the cost differential for energy will begin to tell. A Model 3 will be cheaper over a 10 year period, despite slumping resale prices we are likely to see. It's probably a mistake to overemphasize Tesla's future-proofing. It's true that OTA will improve the Model 3 over time, but it's also true that Tesla's own innovations and improvements in new car production will impose a certain level of obsolescence to the valuation of older cars. In new cars, we are likely to see new features not available to older cars. Ranges are likely to go up and, gradually, prices are likely to come down as battery pack costs decline and new production methods are developed by Tesla. These improvements will impact older car prices on the used car market. But because operating and maintenance costs of older Teslas will remain low compared to the operations and maintenance costs of older Camrys, valuations at each age grouping should remain somewhat higher for the Model 3. It's simply preferable to pay less for transportation. So though used car prices will slump over time for the Model 3, I expect them to remain somewhat higher than the competition's.
Luxury vehicles don't just have technology. Every car after 2018 should have a bunch of technology in it. Luxury is more about the interior and exterior styling. The features are secondary.
And when you factor in the advantages of owning a Tesla Model 3 over a Toyota Camry, the small added cost/mi for the Tesla is more than worth it. I can't even image returning to a gas burner for transportation.
A NEW M3 might have a lower TCO than a NEW Camry if you torture the numbers enough. But, I have serviced my comparable ICE sedan (an 02 Accord) very well from new and it has only 110k miles now, there is no way a new M3 can beat that on TCO. I will milk my ICE vehicle as long as I can and wait for the EV to drop price further. I have no plan to buy any NEW ICE vehicle anymore.
This "analysis" is complete BS! The conclusions completely ignore the replacement costs of Model 3 batteries post the 100K mile warranties or 8-10 years of normal use. Virtually ANY Camry of like use / mileage will have a a used vehicle residual value of $10,000 at the minimum. Meanwhile, there is NO used vehicle pricing history for EV's; NOBODY REALLY KNOWS what a used Tesla or any other used EV might truly be. Therefore, your ownership cost assumption is $25,000 or so too low .... $10K-$15K resale value for the used Camry + $10K (or more) for replacement batteries + the overcharge for EV's at initial purchase. (EV's are vastly less expensive to manufacture v traditional ICE vehicles thus you are paying an upfront premium as well.) Conclusion: Unless one drives enough miles to offset the operational cost of consuming gasoline, owning an EV is a losing business proposition today.
If somebody wants to make a stupid decision, you can only delay it, not stop it. And the other bunch will drive a 200k miles car which can be fixed for 100$, your estimation is wrong.
Everytime you say luxury, you’re wrong, it’s called premium. Luxury is top, class leading, in luxury. Tesla doesn’t try to be that. The diagrams you use, even state: premium
Isn’t that so much more important than price or savings. I just wonder when ICE owners are going to wake up to the pollution their cars are causing. Now I’ll duck down. 🤨
There is more damage made in mining for the Tesla batteries than there is for the maiming the much smaller battery pack on a hybrid Camry plus carbon footprint. Until the batteries themselves become a renewable source that argument is pretty much moot.
Come on bro, I rather have the model 3 then the Camera because its more fun to drive but if I wanted to buy a car for 10-20 years, the Camry wins 10 times out of 10 times. I can guarantee the Tesla will not last 20 years while the Camery has 100s of millions of people that still drive theirs til it totally breaks. To think that gasoline will wipe out the face of the earth in 20 years is crazy. Nothing kills the environment more than building a new vehicle regardless if its EV or internal combustion. 100 years from now, you will still see "classic" V8 90s and 00s sports cars on the road, some douche will be driving his 1000HP Mustang GT down the road just as he is today. EV is definitely the future but they still need to figure out the battery issue and a method to standardize batteries to swap easily.
Good info...all I need to do now is grab the $25k Tesla...oh, it's not out yet? In the meanwhile it'll be to keep my old Dacia Duster since I will only buy a Tesla.
Tesla's insurance & repair costs are noticeably more expensive, and they'll go higher as the number of parts are reduced! When you make a car's structure from fewer pieces, the structural damages from an impact can result in the replacement of a huge part or even the entire car! Thus the insurance companies would have to charge a higher premium. Tesla's build quality is no where near that of Toyota, my friends with Teslas all have to visit the dealers multiple times for repair. It's very frustrating, and add that to the reduced range over the years, Tesla's depreciation rate is not looking good. I personally don't like the Camry either due to its blue interior lighting & FWD platform, but I won't buy the Tesla either, at least not now.
Insurance through Tesla I cheaper than ANY other insurance companies. I know , I have it. What do you know about insurance costs for a Tesla? If someone is paying a huge amount to insure their Tesla, they are just dumb.
So nobody is going to address the fact that Tesla has no clue how to set up a system where customers can get repairs both quickly and cheap. I can get most parts for any toyota at a local automotive parts store and change said part with no labor cost. Until Tesla can fix this, it will remain an afterthought to most people who don't like to get ripped off by manufacturers and dealers.
I want to see a ten year 100thousand mile comparison.
If it helps, there is already a TH-cam video posted by a Tesla Model S owner. His car had covered 400'000 kms on it's original battery.....
You will love driving the model 3 so much that you will get to 100 thousand miles in half that time. We are already at 70,000 miles on our 2018 Model 3. Our old ICE SUV just sits in the driveway.
The mores miles the more fuel cost savings.
@@richardgoldsmith7278 I bought a 6 year old Jetta TDI and I drive 600 miles per week. 225/month for diesel fuel. It would take me 10 years to break even if I was to get that M3. Too much money for a car.
@@bmw803 of course any new car will cost more than a second hand on over its lifetime (if it lasts as long). If you add depreciation into the example in the video, the payback point where cost of ownership becomes cheaper for the EV will be at about 16,000 miles some studies have shown - less than 2 years.
Problem is, I've Been waiting on my Toyota to die for the last two decades. At this point there's no point to get rid of it. She's annoyingly clingy. So I'll probably just get another when it decides to quit.
See you in 10 more years then.
That is the most responsible an ecological thing you could do, also. Thank you.
@@Ramandeep-id5dd Lolol, she's at 340k miles, starts up everyone morning, don't smoke, or burn oil, at this point it's a challenge to see when it'll die. Like the episode of Seinfeld, when Kramer didn't want to stop for gas 😅
Agreed. Sure the 5 year may be pretty close but the 10 year cost of ownership is probably drastically different as replacing batteries is outrageously higher.
Update: I'm at 381k miles now, I'll reevaluate at 400k 🎉😎
But after 8 years of ownership if you have to replace the Tesla battery you can tack on another $12k. Toyota $100. I don’t see that in your calculation. Toyota will go 200,000+ miles. What about the Tesla?
If you are going to talk about the powerhouse of the vehicles then you must not compare not compare the battery to battery but battery to engine.
Doesn’t the Tesla also have a 12v battery that costs around $100 like the Camry? (In addition to the lithium battery)
@@martinlutherkingjr.5582 yuppp
Now do the comparison with the Camry Hybrid.
It sure looks like you are fudging the numbers. You are overestimating depreciation and repair costs on the Camry. You can't have 5 year data on a Tesla because they haven't been around that long. From what I can find on line a new Tesla3 is $50,000 not $40,000. At 0.05/mile for electricity 60000 miles is $3000, not $1728.
AMEN. I paid $22,066 for my 08 V6 Camry LE that went 135K miles before selling it for $9k cash in 2021 .... so depreciation was $1,000 per year. My 2021 Camry SE at $25K vs Tesla at $44K - 32 mpg; 8K miles per year means even if electricity were free, it would take over 15 years before I'd see a savings.
Biggest omission: You can do most of the maintenance on the Camry yourself or take it to your personal mechanic who will do it for a fraction of the cost of the dealer. Tesla has no 3rd party mechanics who can work on them, and you better not try to do it yourself! Just ask Rich Repairs.
Or the opportunity cost of binding up an additional $10k in capital over the Camry, which works out to a bit more than $2k over 5 years at 4%.
The only maintenance most people need to do on their model three is changing washer fluid, adding air to the tires, and changing the air filter. All of which I do for myself.
Good compare, the thing why all feels odd is the starting price, when some one goes and buy an car that cost 25k, on that moment if some one tells to them that get this 40k car, it will be in the time same cost, answer might be to that…” i dont have 15k more money now to put to that car”, even in long run it will be the same, it is the moment when you buy it, if you dont have money then??… and take a loan for that… well you still have to pay that loan too and it will be an extra payment to your monthly routines.. if you dont have that 15k, you just dont, no matter how you see it in the future to be more costly…
Owned the Model 3 for almost 2 years now and what a great car.
It's strange to think that i could sell it for not much less than what i paid for it.
I wonder if the next person that owns my car will also get the free premium connectivity.
This is what happens when something is in a psychological mania. Just like housing. It's only worth what someone is willing to pay for.
@@bmw803 selling already?
@@chrisominde4419 Nah!!! I'm not selling something I didnt buy. They're nice cars, but I'm not interested in those things. Once out of warranty, they RIP YOU OFF.
Here where I live all second hand cars are going up in value.
I'd like to see a comparison between the Model 3 and my 2009 Honda Civic. I bought it in 2018 for under $6,000 and haven't had a single problem with it.
You’d have to compare it to a used 9 year old model 3 to have a fare comparison.
Yeah but your driving a Civic
You can't beat the price of driving a beater especially when you factor in the price of insurance. That is if the price of gas doesn't go parabolic.
2023 here & I’ve seen used teslas for 27k-32k compared to Camrys for 20k-27k
You forgot to mention that the model 3 is the safest car on the road.
First of all, model 3 is far away from luxury, second in five years thats max 100k miles car needs only 10 oil changes plus air filter which is about 70$, one belt about 20$, may need one battery replacement(150$), spark plugs (maybe?!) 80$. If driven normally you won't see any issue whatsoever. 100k at 25mpg(in nyc traffic congested are that's what i get) thats about 12k on gas.
If Teslas were cheaper to own and operate uber drivers would be running them not camrys and siennas.
Overpriced crap that what model 3 is, 40k for car that rattles and rides like a brick?!
Corolla is more luxurious then that crap.
And yes i own that crap, cause its only way to get new license in nyc.
If no goverment mandate that crap wont even be on streets
Do you own one? Also, how many hundreds of dollars did you pay to install the $20 belt?
I've had my model three for three years, I haven't put a dollar into it for anything other than energy. Water in the washer, air in the tires, that's it.
I bought my model 3 SR+ 14 months ago. It hasn't depreciated, in fact I could sell it for about what I paid for it. In addition it's been the best car I can imagine.
Awesome!
And epic speed too.
Such a great car.
And. Service is done on-site with mobile rangers. The best.
And no fluid changes. Better maintenance.
So epic. Nice buy👍👍👍
You can sell it for MORE!!!
Same for LR RWD 3 from July 2019. Still gets over 300mi range, autopilot, just change tires & wiper fluid. Best value of all time.
Bullshit it hasn't depreciated. No one is going to buy a used Tesla over a new one if they're the same price.
Here in Québec, our 99% hydro electricity is 7(canadian)cents/kWh, so about 5 US cents, while gas is about double the price as in the US...
Add the 13k$ direct subsidy on EVs and you'll understand why we buy half of canadian EVs while having a quarter of the population. 😉
So that's your final price after delivery/line charges? If so, that's awesome. I pay about $.12/kwh, delivered.
@@chrisE815 yes, our electricity industry was nationalized in the 1970s as Hydro Québec, in order to leverage our large rivers potential that where thousands of kilometers north in the middle of native lands. It also means we have a unified power grid, so integrating fluctuating sources like wind and solar is much easier, we just don't have much need for it until they get even cheaper.
The AC in the Telsa is crap and that panoramic roof does not help. That alone is reason to get the Camery, specifilly the Hybrid if you live in the southern US.
Great video! I’m watching this 6 months later when the Model 3 rear wheel drive is now $45,000. Not sure if the Camry has also gone up in price because of inflation. If so the comparison still stands.
4:00 that 50 cent per mile for a Camry is absolutely ridiculous. I run a fleet of two dozen MY 19 to 21 Camrys. Before my time with the company they exclusively ran Camrys going back to about 2008.
They kept exquisite cost per mile records selling the vehicles at about 36,000 miles. TCO is about 38 cents per mile.
Look at what the fleets are buying, they have all the data which factors in purchase price, TCO and residual value. There's a reason no one is buying Tesla's for their fleets.
Tesla's win in a lot of categories, total cost per mile is not one of them.
I'm thinking the battery degradation will push the price of the Tesla down while reliability will allow Toyota to triumph like it has over the decades
Battery has an eight year warranty that it won't go below 80%. That's a lot of mileage left in the tank.
Why no mention of the high insurance cost and a simple fender bender totals the car
Did you factor in oil change prices into cost per mile in the Toyota?
At 4:58 when comparing the cost of ownership for vehicles of different prices, we need to include the interest cost to be fair to the less expensive vehicle. A buyer has to budget for interest cost on the loan amount.
Take 10 people and ask them which car they would choose if free.
No one would pick the Camry...
So not a good comparison.
In B.C electricity cost is 9.59 cent / KWH for the first 1350 and 14.21 cents after
Brake cost on a Tesla have very little brake repair as energy is recycled.
I honestly don’t see how that’s possible. .55 cents a mile seems very high
That's not to fuel the car. That's the amount you would pay every mile (This includes the initial price).
@@lachlanB323 ok because it was sounding like that was an additional cost after purchasing it and I was like how could it cost you another $30k+ over 5 years? Electricity isn’t that much and I thought there wasn’t much maintenance so I was like huh?
Includes purchase cost and maintenance over the number of miles driven
You forgot,
Every feature adding by Tesla not free.
Can you break down maintenance cost for Camry? I own a 2017 Ford Escape. If I spent more than $200 for repair, I will remember. And only big maintenance I did was tire replacement for $800 after 5 years as far as I remember. My local ford dealership didn't charge me for oil changes. Camry comes with 2 year no cost maintenance plan. I don't expect a big repair bill for new Camry in 5 years. So the maintenance cost of ICE in general seems overestimated when comparing with EV. Besides that Tesla M3 SR+ is $52500 (not including sales tax, $51500 vehicle + $1200 destination + $250 order fee) on Tesla website as of 01/07/2022. Camry SE is $29,000 ( $26000 vehicle + $1200 for tech package + $1025 destination). I am looking to replace my 2005 Honda Accord and thinking of EV. But high cost of Tesla is not making sense to me from cost point of view. Maybe I will buy EV when I can get one for cost of Nissan Leaf 40Kwh or Camry and reliability/quality of Tesla.
At 4:48 is the estimate for tires realistic? A Tesla is a heavy car which needs a soft tire compound to cater for the performance. We should also allow for tire and suspension damage caused by potholes which owners are experiencing. Windscreen replacement seems to be more expensive on a M3 than a Camry.
Caredge sais the tesla will depreciate 43% not 34%, changing $14,000 to $17,800, a difference of $3,800 by skewing the results. What are the costs for installing the charger & any upkeep?
So this is a comparison between the model 3 and a non hybrid Camry?
It's "roughly" the same 😅. Not including 15k starting price difference, and availability of dyi maintenance. I would agree. However wouldn't the purchase price of the vehicle be part of overall cost of ownership. Would it be $36k($33+$3) vs $30k per yr. 15k/60=$250 $250*12=$3. Another way I would say to look at it would be an extra $250 a month. Maybe I didn't pay attention to well was this cost already included and I missed it in the vide
At 4:48 depreciation of 34% over 5 years sounds optimistic. How does that compare to actual depreciation % of Tesla Model S trade in value offered by Tesla after 5 years? 🤔
Tesla and Camry are the same size?
Tesla has a great value proposition, but until Covid supply chain troubles, Camrys were often bought at significant discounts to MSRP. I looked at the numbers in 2017 and purchased a Camry. If a 3 were available (I bought early in the year), I am certain that the Camry would beat the Tesla from a dollars and cents perspective. I paid $18,500 for a brand new car (base LE with aluminum wheels) with an MSRP just over $24K. It included maintenance for 2 years, so maintenance has been 2 oil changes. and 4 tire rotations. Not one moment in the shop, not one issue with the car. It runs great and has just over 30K miles. KBB is currently higher than what I paid due to the market aberrations due to previously mentioned supply chain issues so depreciation is actually negative for this car (that won't happen again). Now - I have a Camry and a Camry isn't a Tesla. The Tesla is far cooler and more technically advanced automobile. It is changing the dynamic of how cars look and drive into the next decade and beyond, but the Camry is arguably the better transportation because of the rock solid reliability and in my experience will still be less expensive to own than even the least expensive Tesla. So, if you want a Tesla buy one - if you are buying in this market where everything is near MSRP, I might actually recommend it, but once the Toyotas can be built at scale to meet and exceed demand (which is typical), expect it to be a significantly less expensive car to operate when you look beyond the sticker price. That doesn't mean the Tesla isn't a great bargain and isn't worth it, it's just not as cheap to own as a Camry.
Jonathan do a video on the INSANE second hand prices on Teslas now....some $15 MORE than a New!!!
I did, you can find it here: th-cam.com/video/qbR_7di93nI/w-d-xo.html
Excuse me Toyota was hybrid or just gasoline? 😅
Camry SE is not an on-par comparison to a plain Tesla Model 3. An even comparison needs to include the Camry XSE with 6-cyl engine. This dramatically raises the initial cost ($39+k) and the fuel costs of the Camry. Do a video of that comparison and you'll see the Tesla Model 3 will substantially beat the long-term cost of the Camry.
Insurance for Tesla costs around 200$ per month, not 100 as shown here…
Depends on the person and their driving history.
I’m a big Tesla fan, I own the stock & have a Cybertruck on order for 1-1/2 years.
My Son has a MY for 9 months & loves it in warm weather.
But I have some negative comments:
The MY is a heavy car & is wearing the tires fast.
The cold weather range is only about 60% of Warm weather.
Due to the cars heavy weight & stylish low profile tires, many owners have had rim-rash, blowouts, & ruined wheels from pot-holes.
How often does this happen on Japanese or Korean cars?
Not very often.
PS, I hope my Cybertruck comes with heavy duty steel wheels.
Until the account is closed out, i.e. the car is sold, you do not have a True Cost of Ownership. You are comparing five years of operations and miscellaneous costs. Show the whole picture and the BEV is significantly less. There are spreadsheets on the WWW that show a Model S in the 20+¢ per mile TCO.
The SR+ is a great value. It's too bad it doesn't go at least 300 miles. In a way, it's range seems like it's not as comparable (especially for those new to EVs).
TCO is basically 0 for non-Tesla electric cars in many cities. TCO is a little higher for Teslas in most places. Compare a Chevy Bolt or Nissan LEAF to the Camry, and it's a massacre.
I've done a spreadsheet of total cost of ownership, and something I didn't even consider was resale/trade value of the vehicles, which obviously the Camry will depreciate a lot more vs a Model 3. But how can I calculate that?
The issue with that is Tesla artificially prop that number up with the help of EV credit. That depreciation will increase as more and more EV flood the market. Camry on the other hand, is tried and true gold standard to beat. It's reliable in all weather conditions,, and no need to drive hours to a service center for repair. With most of expensive maintenance at 100K. It really is hard to beat.
There is a long history of used Toyota resale values; there is zilch available for any used EV. A used, operating, Toyota sedan with less than 150K miles will bring $10K+ if not a total cosmetic disaster. Then factor in the cost of EV replacement batteries at 10 years / 100 K miles, falling used EV resale values, and, viola, you are in for a losing proposition.
Did you mention the performance premium? Model 3 offers superior driving, braking, etc.
All good points, the only problem I see is, tesla cars are becoming like gadgets/smartphone. How often do you replace those?
If my smartphone had built-in battery management the way a Tesla does, I'd be able to keep my phone for many years with OTA software updates.
I wouldn’t consider an electric car because of its inability to deliver the performance necessary to take a long cross country road trip. I also think it’s a bad idea to trust a self driving car. Too many things could go wrong out on the road that requires a mentally alert person to handle safely. I also never buy new cars bc of depreciation. I always wait 3 years or so and usually keep a car for 15 or 20 years. I averaged about 6,000 miles a year the past few years so to break even would take 20 years or so.
Where do you live that you can’t take one on a cross country trip? Siberia, central China? Africa?
I wouldn’t trade my Model Y LR for any BMW. However, for cost comparison, we need to consider the loan cost and the loss of interest income if paying cash.
Great video - thanks for sharing
It's too bad that there's not a Tesla made for "me" so to speak. I'd love a bare-bones, stripped down Tesla with the only things I'd want to splurge on being a good battery & a full suite of battery [with active cooling] management. I'm rocking a low end hybrid, getting about 55 mpg, don't put much mileage on the car, and have fairly low maintenance costs ... so far. I'd love it for there to be some real competition at the low-low end for those folks a little more budget conscious.
My problem is 60K miles for 5 years. That’s very little driving, it’s for people who lease only. According to USDOT male 34-54 years old the average targeted market driving range for M3 & Camry is 19K miles per year, thus 95k miles in 5 years is more realistic. If you use this number 95K miles Tesla you have to add the cost of range anxiety to it…
I have to call you on that. Driving 19K miles a year averages 52 miles a day. Since the car is recharged to 80% every night giving the Standard Range Plus up to 166 miles of range to 20% state of charge each morning, even if you drive 100 miles a day I don't see range anxiety being a problem.
@@MsAjax409 The comment was meant to think critically about the comparison of M3 to Camry, not only about range anxiety.
I drive a little more than those miles, it's not easy going home everyday & finding a charging place. My aim to get a Tesla is because of self driving, safety, you get tired & don't go home everyday.
I will trust Camry is more affordable than M3 after 5 years at both 95K miles, is the point ☝️ I wanted to highlight
@@CharlesLukoba what are you talking about? You just charge the Model 3 in your garage. No need to find charging places unless going on a long road trip.
Now compare it with the Camry hybrid
Resale value should be considered especially after 10 years when ICE cars will be banned in many countries.
It's the sale that will be banned. Not the use of it. If you buy an ICE the last year, they're not gonna ban it thr year after.
@@bmw803 Good point.
You have only included at home charging cost in the comparison which Tesla has too. If you also include the supercharging cost for the Tesla. Then the math evens out.
Time to do a new one INCLUDING THE possible $7,500.00 EV rebate?
Don't you still spend more money overall to PURCHASE a model 3 over a camry? Maybe like $10k overall Or am i missing something
The idea is that you are getting a luxury automobile (akin to a BMW) for the TCO of a Camry. It's about value for the money.
@@roxter299roxter7 ok so you pay 10k+ to get smaller car with Similar interior but with high performance
Seems camry won the numbers. Cost of ownership plus purchase price still has camry winning with the numbers used in this video at the end of 5 years. You just have unknowns, gas price, electric price, availability for both in the future...
Until you own it for 6 years or drive more Km
Never driven a Tesla. What is your definition of luxury? It’s more than features or interaction with a screen. I don’t buy a car to play games. At my age, ride, seat comfort, noise, audio sound quality, and safety features are most important.
What is the life of the battery pack versus and engine (normally good for 200K miles these days)?
Overall, good video for cost of ownership, but most people don’t look at total cost of ownership, just the base price and monthly payments.
Just go to your local gas station when it's really busy lol there you go nuff said 😅
Real world numbers from Wisconsin: Not factoring re-sale value of my Feb'19 M3 LR (no self driving or autopilot features) which has 43k+ miles, my TCO so far is 1.35$ per mile. Throw in the conservative re-sale value according to KBB, comes down to 0.43$ per mile. That number will only continue to drop.
How long do you think electric cars will last? There can't be a life time of lithium to build batteries .
The lithium content is a very low percentage of a battery + most of the battery materials can be recycled and reused - unlike fossil fuels.
@@Cleanerwatt gotcha
$2.60/gallon for gas. Well, those days are way gone. Thanks Joe!
$2.60 for a gallon of gas/petrol? Jeez, you people have no idea how lucky you are. We pay over double that in Britain......
@@Brian-om2hh Yeah, we are almost that high here in the Republic of California. $4.70/gallon at the corner gas station. Was paying low $3s in January before the current administration shut down fracking. Good for Tesla sales though. :-)
You start with money, buy the car, maintain it while paying for fuel, and then compare. Wouldn’t it make more sense to sell the car and then compare? That way you start and end with just money.
What's an "exact cost estimate" that took me on a ride right there lol
Model 3 is a size of Corolla not s Camry
A great resource for convincing my sister to buy an SR+ Model 3 over an ICE Sedan or Small SUV 👍
I understand using average ownership of an ICE for the Camry, but why are you using it for the Tesla? Camry gets just over 300,000 miles, so 5 years makes sense, but the Tesla gets over 1,000,000 miles. Shouldn't the Tesla be on a 10 year ownership cycle?
If you watch my January 2020 video, I also looked at the 10 year cost and compared that as well.
@@Cleanerwatt I did, only thing you left out was the fact that you need 3 Camrys to last as long as one Tesla Model 3. That is $28k X 3 = $84k over the same amount of time. 1,000,000 miles. I know that in your forecast 10 years is the limit, but the real limit is when the car stops moving and is too expensive to repair. I have owned several cars that made it to 350k+ before they died and were too expensive to repair. You should do one over the lifetime of the vehicle. Tesla is ahead by about $60k. :)
You clearly don't understand Toyotas, they have many million mile (original) power trains on the road.
Try minus remaining value difference after 5 year.
Go and afford it!
I’d rather have peace of mind that my Camry will go non-stop for good 400+ miles without stop! Until these electric cars match in price and range to my Camry, I’ll keep my Camry!
Yea on road trips my Camry can go for 500 miles with a full tank of $50
You need to update Tesla pricing and then you will find out the true cost.
Yes, we own an SR+, and yourself and Tesla between you, are spot on...although, Tesla seem to be quite conservative in the report.
I sold a two year old Mercedes 300C 4matic and bought the Model 3 long range. Test drive of Model 3 had me. It is an order of magnitude better car. Better handling, quicker, no maintenance, more comfortable seats and haven't been to a petrol station in three years. Have solar at home and leave the garage every morning with a full tank. Superchargers are a dream to use. Typically 15-20 min. stop. I have owned Porsche, Audi, BMW, Mercedes cars and the 3 is by far the best car. Just ordered a Y and have a CT on order. Oh, liked the car so much bought an IRAs worth of TSLA in 2018. Embarrassed to tell people how much I have made.
I call bull$h!t on the Tesla study as there are NO MODEL 3's that cost less than $40K.
You didn't talk about all the time wasted as gas stations, getting tune-ups, oil changes and brake replacements, none of which you need on the Model 3.
The only thing is, I don't trust the Tesla to run for 200k miles, but the Toyota for sure does ✅✅✅✅✅✅✅✅✅✅✅✅✅✅✅✅✅
Why? I have no such concerns.
@@MsAjax409 the study is only for the first 60K miles, after that I'm not sure what the cost might be
You’re also much safer in a Tesla than in a Toyota.
Lol, Tesla 3 is not premium sedan like german cars are.
Consumer Reports ranks Japanese and Korean as superior reliability. Most German cars are mediocre in reliability. Exception is Mercedes-Benz which is very poor reliability, similar to USA cars.
Many are saying that used car market for ICE will drop when they will no longer be legal to sell new but I disagree with this. I think it will create a rarity and a lot of people will hold on ICE cars for a while even after EV cars will become the norm. As the used ICE cars age and EV car will be more affordable then the trend will start to change but don't think ICE car will depreciate so much the 1st year new ICE cars will no longer sell.
Resale prices for the Model 3 will fall as BEV production ramps and demand is better satisfied. We can expect the 5-year cost of ownership to trend towards favoring the Camry.
The real story is the *next* five years. Maintenance costs for the Camry will rise faster than for the Model 3, and the cost differential for energy will begin to tell. A Model 3 will be cheaper over a 10 year period, despite slumping resale prices we are likely to see.
It's probably a mistake to overemphasize Tesla's future-proofing. It's true that OTA will improve the Model 3 over time, but it's also true that Tesla's own innovations and improvements in new car production will impose a certain level of obsolescence to the valuation of older cars. In new cars, we are likely to see new features not available to older cars. Ranges are likely to go up and, gradually, prices are likely to come down as battery pack costs decline and new production methods are developed by Tesla. These improvements will impact older car prices on the used car market.
But because operating and maintenance costs of older Teslas will remain low compared to the operations and maintenance costs of older Camrys, valuations at each age grouping should remain somewhat higher for the Model 3. It's simply preferable to pay less for transportation. So though used car prices will slump over time for the Model 3, I expect them to remain somewhat higher than the competition's.
Luxury vehicles don't just have technology. Every car after 2018 should have a bunch of technology in it. Luxury is more about the interior and exterior styling. The features are secondary.
Thank you!
And when you factor in the advantages of owning a Tesla Model 3 over a Toyota Camry, the small added cost/mi for the Tesla is more than worth it. I can't even image returning to a gas burner for transportation.
A NEW M3 might have a lower TCO than a NEW Camry if you torture the numbers enough.
But, I have serviced my comparable ICE sedan (an 02 Accord) very well from new and it has only 110k miles now, there is no way a new M3 can beat that on TCO. I will milk my ICE vehicle as long as I can and wait for the EV to drop price further. I have no plan to buy any NEW ICE vehicle anymore.
EXACTLY. You have serviced your vehicle. Teslas don’t require service.
Much better with the clean facial hair look. Thanks for the video
This "analysis" is complete BS! The conclusions completely ignore the replacement costs of Model 3 batteries post the 100K mile warranties or 8-10 years of normal use. Virtually ANY Camry of like use / mileage will have a a used vehicle residual value of $10,000 at the minimum. Meanwhile, there is NO used vehicle pricing history for EV's; NOBODY REALLY KNOWS what a used Tesla or any other used EV might truly be. Therefore, your ownership cost assumption is $25,000 or so too low .... $10K-$15K resale value for the used Camry + $10K (or more) for replacement batteries + the overcharge for EV's at initial purchase. (EV's are vastly less expensive to manufacture v traditional ICE vehicles thus you are paying an upfront premium as well.) Conclusion: Unless one drives enough miles to offset the operational cost of consuming gasoline, owning an EV is a losing business proposition today.
Well done. I was wondering how the cost comparison was made and now I know. Thank you.
Glad it was helpful!
If somebody wants to make a stupid decision, you can only delay it, not stop it. And the other bunch will drive a 200k miles car which can be fixed for 100$, your estimation is wrong.
With 25% tax in my country, the Toyota Camry should cost around 30k
Good job.
You're wrong! If you bought the Camry and invested the difference in $TSLA, you'd end up with 2 FREE Model 3s after 5 years.
But you had to drive the Camry for five years. A punishment and a less safe car for the family.
So true, 15k invested in $TSLA when m3 introduced is at minimum 75k now
Everytime you say luxury, you’re wrong, it’s called premium.
Luxury is top, class leading, in luxury.
Tesla doesn’t try to be that.
The diagrams you use, even state: premium
What's so luxury in the M3? A screen with a plain counter like dash. Nothing special. Way over priced. Just a brand name.
Price parity about to be delivered by BYD castes quite a different shadow over ICE vehicles.
Tesla is not a luxury vehicle lol
How about the human cost of the extra pollution the Camry is putting out of the tail pipe.
Isn’t that so much more important than price or savings. I just wonder when ICE owners are going to wake up to the pollution their cars are causing. Now I’ll duck down. 🤨
There is more damage made in mining for the Tesla batteries than there is for the maiming the much smaller battery pack on a hybrid Camry plus carbon footprint. Until the batteries themselves become a renewable source that argument is pretty much moot.
Come on bro, I rather have the model 3 then the Camera because its more fun to drive but if I wanted to buy a car for 10-20 years, the Camry wins 10 times out of 10 times. I can guarantee the Tesla will not last 20 years while the Camery has 100s of millions of people that still drive theirs til it totally breaks. To think that gasoline will wipe out the face of the earth in 20 years is crazy. Nothing kills the environment more than building a new vehicle regardless if its EV or internal combustion. 100 years from now, you will still see "classic" V8 90s and 00s sports cars on the road, some douche will be driving his 1000HP Mustang GT down the road just as he is today. EV is definitely the future but they still need to figure out the battery issue and a method to standardize batteries to swap easily.
Excellent analysis and makes sense. I look forward to my next car being a Tesla.
This video compares the Model 3 to a BMW 3 Series, Mercedes C Class and Audi A4. That's funny. 🤣
Good info...all I need to do now is grab the $25k Tesla...oh, it's not out yet? In the meanwhile it'll be to keep my old Dacia Duster since I will only buy a Tesla.
BERDINI does not need CHARGING
M getting a tesla just for Missile command and asteroid game👍
Great comparison!!! GREAT JOB!! This video helps me very much with my decision of buying Tesla Model 3
Tesla's insurance & repair costs are noticeably more expensive, and they'll go higher as the number of parts are reduced!
When you make a car's structure from fewer pieces, the structural damages from an impact can result in the replacement of a huge part or even the entire car! Thus the insurance companies would have to charge a higher premium.
Tesla's build quality is no where near that of Toyota, my friends with Teslas all have to visit the dealers multiple times for repair. It's very frustrating, and add that to the reduced range over the years, Tesla's depreciation rate is not looking good.
I personally don't like the Camry either due to its blue interior lighting & FWD platform, but I won't buy the Tesla either, at least not now.
What car do you drive, if any, and are you sympathetic to your carbon footprint.
I buy my insurance from Tesla insurance so not too bad
Insurance through Tesla I cheaper than ANY other insurance companies. I know , I have it. What do you know about insurance costs for a Tesla? If someone is paying a huge amount to insure their Tesla, they are just dumb.
So nobody is going to address the fact that Tesla has no clue how to set up a system where customers can get repairs both quickly and cheap. I can get most parts for any toyota at a local automotive parts store and change said part with no labor cost. Until Tesla can fix this, it will remain an afterthought to most people who don't like to get ripped off by manufacturers and dealers.