Tesla Model Y: True Cost After 1 Year
ฝัง
- เผยแพร่เมื่อ 15 มี.ค. 2021
- Go to NordVPN.com/ryanshaw or use code ryanshaw to get a 2-year plan plus 1 additional month with a huge discount.
Breaking down exactly what I've paid to own my Tesla Model Y over the course of one year. What's the true Model Y cost of ownership? What should you expect to pay? Let's get into it.
► Model Y One Year Review: • Tesla Model Y Review |...
► Get 1000 Free Supercharger Miles! ts.la/ryan51525
► CA EV Incentives: ev.pge.com/incentives/
► EV Incentives by State: www.tesla.com/support/incentives
► 2021 BEST Model Y Accessories: • 2021 Best Tesla Access...
► Best Model Y Floor Mats: bit.ly/383MPGQ
► & More (2nd Channel): bit.ly/2A78vp4
► Follow Me On Twitter: / ryanshawtech
► Follow Me On Instagram: / ryanshawtech
► Top 15 Tesla Model Y Accessories: • Top 15 Tesla Model Y A...
► My Favorite Tesla Model Y Accessories: bit.ly/3cFR3Gg
► Jeda Dock & Charging Pad: bit.ly/3bJPSUY
► Teslacam by Pure Tesla: bit.ly/3e6ja1Z
► Receive FREE Supercharging credit when you order a Tesla using my referral link ➡️ts.la/ryan51525
► GoPro Max 360 Camera: geni.us/CyAFgJf
► The Camera I Use: geni.us/8r6M
► Camera Cage I Use: geni.us/B0N04u
► My B-Camera: geni.us/AH4NWLl
► My Favorite Lens: geni.us/ywP7pK
► 28mm Lens: geni.us/jHaAX
► How I Film Drone Shots: geni.us/2sX45
► The Gimbal I Use: geni.us/NgOUDQc
► How I Record Audio: geni.us/c8w7h
► Shotgun Mic I Use: geni.us/BkakXdR
► Lapel Mic I Use: geni.us/OYSH
► Tripod I Use: geni.us/AgRGc6
► Favorite Video Light: geni.us/dMqy1
Top 15 Tesla Model Y Accessories:
#1: 2 Bucket Wash Kit: geni.us/8YNrK
#2: Green Works Pressure Washer: geni.us/eJn6
Foam Cannon: geni.us/5GoH
#3: Tezlab: Tezlab.app/RyanShawTech
#4: Speed Wipe by Chemical Guys: geni.us/Pd7FO
Soft Microfiber Towels: geni.us/6tRE
Inner Clean Interior Cleaner: geni.us/HDCV8J
After Wash Waterspot Remover: geni.us/hOmkr
VRP Wheel and Vinyl Protector: geni.us/U9BDt
#5: All Weather Floor Mats by 3D Maxpider: bit.ly/383MPGQ
#6: Elon Accessories Screen Protector: amzn.to/2PVDTep - bit.ly/2FjVB9q
Abstract Ocean Screen Protector:
#7: Teslacam 500GB SSD: bit.ly/340fSv3
Teslacam USB: bit.ly/3gX0WBu
Samsung 500GB SSD: geni.us/aM4D
#8: Jeda Dock/Hub: bit.ly/3bJPSUY
#9: Quick Bandit Front License Plate Mount: bit.ly/3fFZpOJ
#10: Interior Console Wrap Bundle: bit.ly/2Y3ilB1
Front Console Wrap Only: geni.us/MC7OT
#11: J1772 Charger Lock: etsy.me/31VESRl
#12: Tesla NEMA Adapters: bit.ly/3iIaUY1
#13: Power Inverter for 12V: geni.us/n0Owep
#14: Steering Wheel Tray: geni.us/v3r7
#15: Model Y Tow Hitch: bit.ly/2yc5Idp
► Try Audible and Get Two Free Audiobooks: amzn.to/39Zlp5E
► Try Amazon Prime for FREE: amzn.to/30dM2ze
► Try Robinhood and Get a FREE Stock: join.robinhood.com/ryans845
Exclusive Bluehost Web Hosting Discount: www.bluehost.com/track/ryanshaw/
Topics Covered:
Tesla
Tesla Model Y
Model Y
Tesla Model Y True Cost
Tesla Cost
Tesla Price
Tesla Cost of Ownership
Model Y True Cost
Model Y Cost of Ownership
Model Y Cost Breakdown
Tesla Cost Breakdown
Tesla Financing
Tesla Model Y Financing
Model y tesla
Tesla Model Y Cost
Cost of Owning a Tesla
Model Y Cost
Tesla Model Y Review
Tesla Review
How much does a tesla model y cost
Tesla Cost
Model Y Review
2020 Tesla Model Y
2020 Model Y
2021 Tesla Model Y
2021 Model Y
2022 Model Y
2022 Tesla Model Y
Model Y One Year
Model Y 1 Year - ยานยนต์และพาหนะ
![[UNCUT]”หมอปลา และทนายแก้ว” ลากไส้ขบวนการ เด็กเชื่อมจิต จ่อเอาผิดทั้งครอบครัว I คนดังนั่งเคลียร์](http://i.ytimg.com/vi/9zXrAIVBQFo/mqdefault.jpg)
Go to NordVPN.com/ryanshaw or use code ryanshaw to get a 2-year plan plus 1 additional month with a huge discount.
KIA make far better EVs.
Toyota Rav4 is not a good comparison to Tesla Model Y. 7 seconds difference in 0-60. Lol
@Kingsley Sun I want one that can do both and get 130 mpge.
@Kingsley Sun No vehicle costs that little. Unless you ignore fuel and maintenance.
@Kingsley Sun Can you drive a RAV4 and never charge it? Does the RAV4 have the highest safety ratings in the industry? Does the RAV4 last for 700,000+ miles? All these questions change the buying equation. Enjoy your RAV4. I will buy a TESLA.
Damn that’s expensive! Guess my next EV will be an electric bicycle. ☹️
Mine will be electric ⚡️ shoes 👟 lol 😂
Tesla is making a smaller car for 25k. It’s overseas small
I bought my Kia Soul EV for 11k last year. It's been perfect for my lifestyle! So there are definitely other options out there.
Wow, those costs sure add up. Bought a nicely used 2002 Passat in 2003 for 16K cash (about 25K new) and it still looks and runs great. It sure has saved me a lot over the years and my yearly registration fee is only $143 (in CA). I think I might stick with that car for a few more years. I'd never trade in a car either as you'd get way more for it selling it private party.
@@Uncommonsensetoo Smart buying used gas vehicle. Never get rich buying expensive cars on credit. I have only had one new car in my life and because of things like that I was able to retire at 59. Debt free, two homes, couple of Mercedes and an airplane.
The only problem with your comparison to the RAV4 is ..the RAV4 price. With the money you can save by buying a RAV4 instead of Tesla you can buy gas for an eternity. 28,000 vs 63,000 plus interest, plus the inconvenience of charging, ...I don't understand why anybody thinks this is a good deal.
In other words, with the 35,000 $ (only the price of the car) you save with the RAV4 you can pay gas for more than 312,000 miles, the equivalent to 18+ years of ownership at 16,628 miles per year...and by the way, your RAV4 is probably is going to be running after 18 years If you only drive 16000 miles a year..Tesla will see..
Wow Ryan. This was very helpful and very detailed. I have never seen anyone do a breakdown to owning a Tesla like this. Great job man!
This video was super clean. Really well done, man. You're getting a lot better at this, and it's noticeable!
Yup. Its why I'm looking at rivian still gets the ev credit. Also I'll more than likely not nearly drive as many miles! Ryan must had made alot of content this year.! Great video Ryan.
Thank you Ryan for going through all these numbers with us. Super helpful and well done.
Well spoken Sir, this is the first and only eye opening info I have watched. Thank you for the great clear, concise, easy to understand education!!
What a CLEAN & EFFICIENT VIDEO!!! wow, so refreshing to see this quality of video on TH-cam. Thank you and keep it up!!!!!
Just took delivery yesterday , I love the acceleration and the emission mode XD
Hi Ryan, good video. I enjoy watching you on TH-cam.
I have a model Y, which we took delivery of on Dec 24th and live just outside of Toronto Ontario. The spread in cost between gasoline and electricity in my case is mind boggling. Keep in mind, the model Y is substantially more expensive in Canada than in the US, even factoring in exchange. The LR model Y is 70k. Even with a GENEROUS exchange rate, the LR MY should be a maximum of about 67 to 68k.
Now on to the good news, Our electricity rates are adjusted on a fairly frequent basis, but they don't change all that much. Right now off peak is 8.5 cents per kWh and then they deduct the "Ontario electricity rebate" of 21.2%, so off peak is actually about 6.7 cents per kWh. (About 5 cents USD) and gasoline is currently going for aprox 1.25 per litter which equals about 4.73 per US gallon., so my wifes 100 mike daily commute used to cost aprox 20 per day in her 2012 rav4 and now costs about 2 bucks on electricty. We also have free supercharging for a year, so we could save huge if we utilized that. There is a supercharger very close to us as well, but the convenience of just plugging in when you get home and paying 2 bucks seems like a no brainer. Plus supercharging often doesn't sit well in my gut( no evidence, just gut) for battery life.
I figure we should be saving a minimum of 3k per year on fuel. Plus pulling into my garage and having a "gas station" right there can not be over stated on the convenience factor.
Excellent Review! Thanks for the breakdown calculations!
This was unquestionably helpful... good job
Thanks for the breakdown and advice, really helpful!
Thanks for the clear calculations. I was debating on the actual cost of driving an electric car, and this was helpful.
Great review, a lot of good information and I am sure you put a lot of effort to made that Video.
Thank you.
This is an excellent video. I am only halfway through it and so many of my real concerns have been answered. Great information in regards to the rebates and tax credits.
Great video Ryan with complete analysis. You did leave out the expenses associated with paint correction, ceramic coating, and PPF. I think you had a video that showed that you did that work on the car, as did I.
That would be similar cost if you decide to do it on an ICE car though
I was one of your referrals! Thanks for the SuperCharger miles!!!!
Same here
Great video, but I would have mentioned the significantly lower base cost of the RAV4 when doing your comparison. It’s so much cheaper to purchase that over the lifetime of ownership it’s still going to be more economical. Tesla’s are still way cooler and feature packed. Great job and I subbed to your channel!
Nice vid - appreciate it! I think though that you should compare your MY to a comparable ICE performance/luxury vehicle like a BMW X3 or Audi Q3. I believe that their fuel costs would be quite a bit higher and the comparison would be even more favorable for the MY.
Dude that’s was clear!!!
Good info there too
Thanks for the hints
I’m waiting for my model Y
It was supposed to be delivered to me 8 weeks ago and I’m still waiting for it
Let me know if u want to review my delivery I’m in LA too
I’ll keep u posted
👍
Great video Ryan. Now that you’ve driven your MY for a year on Southern California roads, how’s the front end rock chip situation? With all that painted body work up there and no grill, I’m curious how it holds up on our beat up roads here in California.
Ryan,
Great video. Where did you buy the Wheel Rim Hub Center Cap Emblem Cover Trim with red logo? I have the exact same car as you and I would love to have those. Keep posting fantastic videos!👌👏
Great video @Ryan. Very Helpful and informative!
Nice video. I recently attempted to purchase model y standard range. The update I received is as you said they are not making that model any longer. You can only get whatever model was already build and in inventory. I ended up going up to long range due to none being available in my area as well as I wanted the new interior options. They had a few in different states but they didn’t have my color and the interior was the previous style which I really wasn’t a fan of
Use Tire Rack. Better prices than Costco. More variety too
Tire Buyer is worth a look, too. They have a military/veteran, first responder and teacher discount.
Tire rack is FAR better than Costco. Better prices and selection and easier to use online website as well.
Discount Tire in SD Matched the on line store of Tire Rack for me
You ignored that a RAV costs $26K. Even if you buy the most expensive RAV, the plugin version at $38K the monthly payment will be vastly less. The savings on fuel means little if you are counting dollars.
Comparing to a RAV was the wrong comparison..... It is like comparing a VW to a Porsche.
No he didn't. This isn't a RAV4 vs Model Y cost comparison video. He just used a RAV4 gas cost vs electricity cost of Model Y. He should compare it to my Jag...17 MPG. Then you'll really see some savings.
@@philotimo5089 Have driven a Tesla, VW and Porsche? The ride and fit/finish of Tesla is closer to Ford.
Comparing this to a highlander makes more sense
Break even for Model 3 vs commuter ICE car is 4-7 years. Tesla designs their vehicle for Million miles (batteries ~400k), ICE cars rarely see much over 250,000. You will need to buy 2 RAV4 cars before you have to replace the batteries in the Tesla. That puts the 2 cars at cost parity assuming 0% inflation. If you factor in ICE maintenance, particularly toward end of life, the RAV4, assuming 0% inflation will be more than double the Tesla cost in a 15 year term.
Fantastic straightforward breakdown
Great video. Keep it to 2 commercials and I’ll stay a subscriber. I almost always watch til the end unless you overwhelm me with commercials. With the full disclosure I understand why all the commercials. I’ll subscribe again.
I live in ID and got rid of my 2020 Sentra for a model 3 long range 2021. My registration cost me $5 to transfer and $90 for registering an EV since you don’t pay the gas tax. I’m $110 a year for registration. And 6% sales tax instead of over 10 helps. Currently my charging over my first month has made my electric bill not change at all yet (level pay at $44 per month) and so far this month I’m estimated to use $40 in electricity even with relatively consistent charging at home. I also pay 10$ at a supercharger to get a full battery (80% not 100) so its really nice, no issues at all so far and the recent boom box update has made my car fun to sneak up to people at work and use the DJ horn to scare them.
800 and change for monthly payments is A LOT! Definitely wouldn't be able to afford that even if I wish I could, that's almost as much as my mortgage 🤯🤯
Look at his battery costs. $11,000. I've been told by T owners that aver life of battery is,130,000mi. So trade it in? If u get used car u have to consider the miles in its battery
@@White-ms9uo the warranty is like 250k with a million miles rating on the newer batteries lol. In reality this maps with modern day new cars.
So I configured the exact same car here in Europe: 78000$.... So yeah. ICE is still cheapest here, by a lot. Especially with those exuberant Belgian electricity prices.
That's the starting price of a Model Y in Sweden.
Safe to say it's the most expensive country in Europe.
I would have loved a comparison to a somewhat similar gas car for all the costs, that would have been nice, but very informative. One of the great things with Tesla is, that they keep their value really well especially just after buying, so often enough owning it is really cost efficient if you take that into consideration. Obviously it's hard to tell if this will stay this way for the future. The Model S had it's loss of value if you look at older models, but I think some of the main reason is that a new Model S is quiet a bit different and most importantly has a bigger battery which is really pushing the range by quiet a bit especially when the older Models have some degradation and obviously we now have great vehicles like the Model Y and 3 which many buyers can consider instead, so less demand for used cars here. OTA updates def. help though.
Hi Ryan great job on the Model Y cost review!
Great breakdown. Life is not a huge chart! Real life expenses are different for each one of us. I sold our 2018 RX350 to get a MY performance and they are priced comparably... true cost to own? We’ll see.
My Nema 14-15 charging station in my Condo garage was $4500 which I offset with the SDG&E rebate of $4500 for my Model 3, Oct 2019 Tesla. The decision to purchase was the 2 year free Super Charging, which I used about 1 year while my HOA decided to let me install the charger. Condo Charging stations billed directly to my electric system seems to be much more expensive.
0:00 What will be in the video
0:45 The configuration that I went with
1:05 My opinion on Tesla's calculation on money savings
1:25 My order's pricing
1:58 Base price of Model Y
2:16 The off-menu standard range Model Y
2:35 Taxes and fees for my purchase
3:22 Rebates and incentives
4:29 Charging costs
6:39 Cost comparison with equivalent gas car
9:21 Net savings
10:15 Maintenance cost
10:29 Insurance cost
11:14 How I paid the car?
12:21 My first year payment details and what yours will probably be like
13:30 What if I didn't seek better interest rates through refinancing
13:44 How are Tesla cars valued overtime
14:04 How much would my Model Y be priced if I trade it after 1 year?
14:15 FSD cost (I purchased it after delivery)
14:44 What payments are next for me?
16:31 Last words from me for this video
Thanks Ryan that was very interesting. I’ve owned three Ford Fusion Hybrids and I am really pleased with them. That is here in Alberta the engine gives more heat in winter and our fuel prices have been really low. Now we have a carbon tax, so the price of fuel is going up. I’ve always been fascinated by the Teslas. That I hope will be my next car.
This video was certainly interesting, but what really would have been helpful is to show a comparison to the RAV4 or other equivalent vehicle. I can’t make the numbers work at all for me personally. I tend to keep vehicles 15 years or 200,000 miles and I really don’t think an EV battery will last that long without significant loss of range. And with the purchase price being 60 - 80% more than a similar ICE SUV and the insane tire life and costs, and given I do my own maintenance at costs far less than dealer service rates, the numbers just don’t work at all.
I may still buy a Tesla for the fun factor, but I won’t delude myself thinking it makes sense financially.
Very thorough and clear presentation, thank you!
Thanks for the break down im in nor cal so this break down helped alot. I’ll definitely be saving more for my lrmy
Very informative and well done
Will be using some of your numbers such as kWh/mi to make my own estimations in comparing the costs to my current ICE vehicle. Hopefully will give me a better outlook into at which point it would make more sense financially to finally purchase a Tesla. So thank you, very useful information!
Nice hair
@@emanandchill Thanks!
Add to that the fact that the RAV4's 31 mpg would likely be on the highway (when you're doing the Supercharger) and probably closer to 21 mpg in the city (when you're fueling through your home and more fuel efficient with driving), your fuel savings were probably much greater.
I have a model 3 performance (comp & collision) and an old gas car (basic), with 2 drivers. My insurance in Missouri is about $1100 per year with Progressive.
This was a nice video. But, honestly it really shows more the extra cost associated with buying this premium car (I am a heavily invested tesla fan too). You emphasized fuel cost savings. If that is your main "bar" for comparison, then I suggest you compare it to a new hybrid car like the Honda Prius.
Thank you for this open & honest cost breakdown! I am saving for my dual-motor Cybertruck reservation (w/ $7k FSD). Looking at your upfront price, mine will be very similar. I will need $10k or more for down payment and be looking at $800/month loan payment for 62 month (maybe less with a better interest rate). I am hoping to net $2,000+/month renting out Cybertruck. Model Y looks like a great company car for my wife. The high price may actually benefit the company for tax purposes.
Nice snare & bongos...can you get your drum kit in the back of your TMY? :-). Seriously, great video!!
Great channel man - glad you are surviving while posting vids with some critical analysis of Tesla! (I have 2 teslas and huge Elon fan, but rabid reactions to any even mild critical reporting on Tesla disturbs even me). In NJ we have much better deal: no sales tax, 5k state tax refund, plus I get 4k EV refund from my job (large US bank). Saved me 15k!
I didn't spend the money on a home charger. I went on Amazon and bought the appropriate 50 amp plug and weather proof box to mount on the outside of my garage for 50$ and wired it in myself. Saved way over 1000$. It charges a tiny bit lower 30 miles an hour instead of 37 but it never matters. I even turned the charge rate down a bit so it actually takes a little longer than it could but it's better for the battery to charge slower and it still only takes about 5-6 hours generally to charge over night
can you elaborate on this?
Could you link the plug you used?
The one I used was the Talon LGP1S 50-Amp enclosed outdoor rated receptacle. It's in Amazon for 72$ Canadian. It's the same plug pattern a range would use it's a 50 amp 14-50r plug. You can do it even cheaper if you are installing it inside your garage. Then you literally can just install a range plug that u would use for your oven on the wall of your garage. I had to put mine on the outside of my garage as we've converted the garage into a building for a business we run so we don't have any indoor parking. I wish I could put a picture up on here of what it looks like installed.
@@jdog8701 NEMA 14-50! A "STOVE PLUG", basically!
We were looking at the model Y last week. After going through the Tesla web forms, it comes out close to $60k. This video gives us a better view of first year ownership costs.
Would you recommend buying M3 LR right now or waiting til 2022 (January) Can we expect some significant additions in the next few months?
Nice review of the cost of ownership. Lucky for you that you get those CA incentives, and you are offsetting a much higher cost of petro.
Nothing like those incentives available like that in Washington state and they like to charge you more for registration than an equivalent ICE. Very backward policy.
Anyway, thanks for doing this, and I will send to someone here considering buying a Tesla. It will help them calculate the actual cost of ownership.
Not many people calculate the full cost of ownership for their vehicle.
It's insane, after working it out and saving a bunch of money driver a motorcycle again, I don't know when I'd be prepared to pay for a car again.
How do you get groceries?
@@bellarose6310 when I drove a motorcycle, I’d just use a backpack.
@mugenctr yea, that’s 10x+ cheaper. I got two Acuras around my 17th birthday. One fell asleep at the wheel and totaled the entire driver side on the median, brutal but cosmetic outside of the doors being inoperable $500. Got another who never changed the oil and cooked the engine $500. Swapped the front and rear quarter panel and doors then sold the bad motor one for $200. Got a great car only 6 years old with 30k miles for $800 and drove it for 5 years before it was too expensive to fix. I want an electric car like much of America does, but they are still unaffordable.
Ryan, 2 questions - 1. Why do you need new tires already after 1 year and only ~16k miles driven? Very confused how you already need new tires here. 2. Do you know if you can install run flats on the 20” wheels? Since Tesla doesn’t give us a spare nor use run flats I’m very curious. Thanks
You make the best videos
I think the biggest difference for us in the UK is insurance costs. I drive an electric Nissan Leaf, about 13000 miles per year. Fully comprehensive insurance on the car for me and my wife costs approx $350 per year! Even if I was as young as you are, I can't envisage a five fold increase.
did i hear it correctly that you traded in your honda fit for $500 ? If yes, wouldn't it be better to sell it otherwise which i believe would be at a much better price point ?
Great video. Question about the charger. Do you think it’s worth the extra money to but the $500 Tesla charger or just go with the 240 outlet and use normal included charger. Wonder if the charging speed differences is worth the extra money in your opinion. The Tesla charger does look pretty cool in a garage.
The $500 charger is absolutely worth the price. Hook it up to a 60 amp breaker and about 5 hours to charge from 40 miles to 300 miles of battery.
I'm very thankful that Maryland doesn't charge renewal fees based on the car's value - it's a flat fee based on car type - I'm thinking it'll be about $135/yr to register it. I moved to MD from CA many years ago (when it was like $75 for 2 years when I had just paid around $375/yr in CA) - I was never so happy to renew my registration and the MVA (Maryland's version of the DMV) lady was excited she finally had a happy customer 😂
Dude, what a great video!
Great video, Ryan! Out of sheer curiosity, where did you get that awesome red hoodie?
With supercharging mine has actually costed me the same if not more than if I got a comparable ICE
Really? How much is super charging for you?
Seriously doubt
Glad I bought my Leaf ten years ago when it first came out. With the subsidies (and the free home charger) I ended up paying around $25k. Sure I don't have the range nor use it for anything but short trips (take a Harley for long ones) but I'm looking to replace my Leaf in a few years with an Aptera (1000 mile range) if it becomes a reality.
Thanks for the awesome video!
True cost varies. For example we qualified for a 2500 rebate locally, 5000 grant and 2000 for california cvrp. Total discount of 9,500
Some interesting points- I wouldn’t expect to spend much on maintenance on any new car in the first year. It is in the subsequent years particularly as the mileage gets 60k plus that I would see the real lower costs of ownership
My next car (3 years to go) will definitely be Electric. In Montreal electricity is $0.06 USD/KWh and federal and provincial rebates can go as high as $10,350 USD depending on the car. Thanks for your video, very detailed and useful.
I bought new a 2018 Hyunai Ioniq Hybrid for $26,500 including all taxes, registration, fees, and a 100,000 mile extended Hyundai bumper-to-bumper warranty on top of the standard 6-year bumper-to-bumper and 10-year 100,000 miles drive train warranties. Moreover, Hyundai guarantees the battery for life to the original buyer. I get an average of 55 to 60 mpg in combined city/highway driving. Range on fill-up is about 650 miles on the 11.5 gal tank of gasoline, which is twice the range of this model Y, and fill-up at a gas pump is much quicker than charging a Tesla on a trip. You can find gas stations in just about every city and small town as well as in the middle of almost nowhere, whereas charging stations are harder to find in remote areas. So I paid less than half as much as this Tesla cost, and my gas consumption cost is twice as good as the gasoline car used in this comparison so the per-mile cost is not as different as in this video's example. I love the car. You'll need to do your own math to decide what type of car is best for you and the way you use it. And when you compare an all-electric car, be sure to include a term for the eventual battery replacement.
Ryan I found a significant difference between the watt hours per mile as shown by the vehicle and the actual amount of energy supplied during charging by your home charger. So I’m wondering if you included the cost from the actual number of kilowatt hours used for all your charging versus if back calculated using the watt-hours per mile numbers. The difference can be as much as 30% higher consumption when calculated using the watt hours per mile.
You are looking at a TCO of ~$1/mile for the first two years. Very similar to my experience with a Mercedes B-Class electric with a Tesla drive line at three years of ownership.
Exceptionally well done from A-Z!
I’d want to look at the life cycle cost of the vehicle, probably over the life of the loan. Sounds like the big advantages are the lower depreciation and some fuel savings. Initial cost, insurance, tires offset those advantages though.
Your tyres are so expensive as well. UK price for Bridgestone Potenza S001 tyres, size 255/40 are £184 per tyre fully fitted (approx $250 each)
Great video ! On point !
This is great info, thanks! Personally I like leasing cars more, because I get bored with whatever I'm driving every few years and I start wanting new bells & whistles. I'm considering buying an EV though just because I read that you can't get the tax rebates with leasing.
I feel like I would like you as a human, like I would enjoy sitting down for a beer with you. not important for the video but I just enjoy how you’re smart and kind, your voice is very genuine sounding.
Edison charges generation and delivery fee per kWh. It’s still slightly cheaper than superchargers and more convenient. It’s still cheaper than gas. I traded in a Prius and i get somewhere around 48-51MPG. I still save money on gas when compared to my previous car. I have mine scheduled at 2am. I recently added additional solar panels. I now have 35 panels. essentially, my charging is “free” at home. I was curious about the mobile services. They charge $40 for tire rotation and about $70 for cabin filter change. You can get tire rotation free from America’s tire. I also had to replace a tire due to puncture damage. Usually replace in pairs and was able to replace a pair of Bridgestone (19” size) for around $450. This model is i believe V rated where the stock i think is W rated. The rating is related to wear and tear as well as top speed it can “handle”. Just wanted to share what I’ve paid so far for maintenance on my Model 3 Dual Motor with the 19” wheels and 16K miles driven in 1 year.
Do you track on TeslaFI? kWh consumption is not only driving usage. Don't forget to account for phantom drain (especially when using Sentry Mode). You would be surprised at how much that adds up to in a year.
Nice breakdown of the numbers.
Ouch a 72 month loan that’s a lot of interest kinda eats up a lot of that fuel savings. Doesn’t make financial sense for the avg Jane or Joe.
Unless you can invest the money not paid upfront and make more than interest/inflation which is difficult and risky to do but can be done.
Bingo David!
If you borrow at ~2% you’re doing better than inflation, currently. With low rates you should take financing for as long as you can, and as time goes on you are paying with cheaper and cheaper dollars. You can do better putting your extra cash in the market and beating a 2% return.
The average joe will stay poor because they don’t understand the time value of money.
Better if you added time stamps but it was a really clear overview. Thanks!
Great Review :)
Great video! My MX is coming in Jan. 2022 and it’ll cost $115K.
Don't forget in your cost of ownership to include the increase in equity in the vehicle, if you're making payments. You paid $8k in principle over those 12 months, depreciation will eat some of that, but it still lowers your cost of ownership substantially.
Ryan when you calculate cost of gasoline your cost per gallon has tax built into it. I'm not from CA so I don't know how your electric bill costs but here in IL my electric bill has a bunch of taxes per KWH (charge multiplied per kwh.) These taxes actually double my cost per KWH which is only fair to consider for such a comparison and one thing I consistently find missing in the Gas vs electric comparison. I typically find that tesla supercharging costs are about the same as at home charging costs when you add the taxes you pay per kwh on the bill. That's based off Illinois of course.
Look into a Chevy Bolt. Cost 1/3 and insurance isn't stupid crazy. It also has about the same range from it's LG battery.
Great breakdown thank you
Good video but three things:
1. The comparison would have been better with a luxury/ performance crossover like a BMW X3 or Audi Q5.
2. Show the true costs of one of these cars.
3. The other phenomenon everyone misses is while the Tesla price starts at MSRP,
Most ICE cars can be purchased at a discount from the dealer.
A $57K BMW X3 can be had for $51K or less.
I’d love to see the comparo redone for 3 yrs of ownership
It would be interesting to see a cost comparison with, say, a BMW X5, or other comparable car up to year seven. Sometime around the 5th year of ownership, BMW’s and similar cars, get very expensive to own.
Very true! I’m in a Porsche Macan and the regular service visits after a few years is insane. $$$
@@vadacoo how much does it cost you to service the Macan? here where I live a normal service can go up to 350 USD just for an oil change and normal inspection... a major service goes up to 2k ouch
Wow, your gas / electricity is expensive (compared to Atlanta, GA). My electric on-peak cost is equal to your off-peak... super off-peak is free up to 400kWh per month.
Nice video Ryan. Your not driving a lot and will at least reach or be near the years for your warranty instead of the mileage. What if you drive further for work or travel more and the warranty no longer covers? That's more money for repairs an and/or maintenance. Would you still recommend purchasing a Tesla if one can afford it?
I suggest you check out Achilles tires. I love mine
Good incentive list , thanks
I'm a Realtor and I am required to have $500,000 in Vehicle coverage. Houston Texas is #2 in the country for insurance rates. I was quoted $1,800 per year for full coverage vehicle insurance for the model 3. If we get a Telsa we will do 99% of charging at home, since we have an ICE Jeep for long trips.
Hello Ryan, Can you share the link where you bought tesla logo on center of wheel ? It looks really nice for red MY.
Thank you for the video.
Great video! Thanks and I can’t wait to purchase a Tesla soon!
How does the trade in work when you have an ICE vehicle? I am not knowledgeable on this. I have a Yukon that I was thinking of selling on Carvana to have the down payment for my future Tesla because I didn't think Tesla would take my ICE vehicle.
While I don't like passenger cars (ice or ev), I still liked the video for real life actual cost breakdown and total cost. You live in a very expensive city / state, and being young your insurance rate is very high. I'm 56 living in great lakes area with regulated electric rates, so my insurance & electric cost would be substantially lower. My highest electric bill in 2020 was July, with central air at 72 degrees 24/7: 533.98kwh @ .104085 = $55.58. Total bill was $92.22 with all the add on fees.