@@teslasincanadado you thing that aver 46km / day justifies buying Tesla spending 60k and losing 35% value of vehicles in first 2 year or you can do cheaper for 30k and your gas cost will be 5000-6000$ in 5 year total 35000$ and saving on side 30k ???
@@Tokushima77that is what I weighed in my decision making process back then and that was a different time as well with wait times being extremely long. Now again if you go to Toyota they have two year waits for a lot of product as well so getting a brand new affordable vehicle can still sometimes be a challenge. With a gas vehicle you should also factor in the time and money you spend getting oil changes, changing brakes, etc. It will also take a depreciation hit as well so you can’t fully factor that out either.
@@teslasincanada ok . I see your point of view and i will support your channel like all your videos but for the first 120000km you do only oil change and filter every 8000km thats 45$ . And trust me you are smart guy anyone can do oil change in garage just get rhino ramp for 60$ in princess auto and you can get oil from Costco 35$ filter is 12$ For the break you can do that trust me you are smart guy. I wish you the best but tou open my eyes not to buy 2024 model y lo g range case am doibg 45km / day i i found out that i can be better with gas engine car and save money for the kids or Goods know what put on side. But thats me. Wish you the best thank you ❤❤❤
Here's the problem, you bought at peak and now you're choosing to sell in the dip. You haven't lost anything until you sell it, and selling a car after two years is always going to cost you. Stop "upgrading".
Best car I ever owned was my used 92 Nissan Sentra that I bought in 95. Only cost about 2k when I got it (iirc) and would get an actual 35 miles per gallon. Super economical. I drove that thing until it quit. The same model year Honda Civic is probably, still to this day, the most economical car to own (I haven't done the math, though). The engineering on those old cars is amazing. My current favorite car is my 2018 Tesla Model 3. I'm able to plug it in at home so my gas savings is about 50% what I would normally pay per miles driven. I got the performance model and added all the options. Overall, the cost was roughly 85k including the interest from the loan (it's all been paid off). I have no illusions I will be "making that back" in savings unless I keep it for the next 20 years and I'm being optimistic. However, getting the car made me realize that whether it's a Tesla or not, this is the future of cars. It's actually sad for me to say this, but my very close second favorite car is my 2005 Honda S2000. I absolutely love it, but the reality is the Model 3 outperforms it in every aspect. As a car guy, I can't ignore that reality. However, also as a car guy, I still appreciate the engineering put into that old beast and a rear wheel drive roadster, mid-engine construction with a powered convertible top is awesome. And that was all standard off the line. And even stock, there was no additional tuning that would get you more horsepower. Only a turbo or supercharger. I am definitely biased, though. And I still have it! lol But I also really love my Model 3. Great stuff. EDIT: And yes, if anyone was wondering, I would indeed take the S2000 to the track. Heck yes. Not so much now, though. It's too valuable to me.
S2000 is a fantastic car! Once you drive a Tesla even just for daily use it is definitely a struggle to want to drive anything else for daily use. Of course my dream "weekend" car is still a Lamborghini to rip around in. Maybe one day but also maybe that won't interest me as tech continues to improve in EV's
I traded in my Lexus RC350 2017 and only have to pay CAD 26k for a new quicksilver Model 3 RWD Highland. I don't think anyone is gonna pay 30k+ for last gen Model 3, esp. ones that endured two Canadian winters. I don't expect any resale value from EVs, gonna drive it till the wheels fall off.
Any toyota hybrid would've depreciated less than $10,000 over 2 years of driving and im being GENEROUS. $24,000 in 2 years? OUCH and thats exactly why i will never buy a Tesla
just bought a 2024 M3 LR for 36k financed after tax credit etc. Yeah bruh cars arent something you want to invest in lol Its a depreciating asset as soon as you drive it off the lot.
We picked our second model 3 2022 in march this year. It's white on white with 49,000km bought it direct from Tesla for $35,000. It came with FSD new tires and wheels (car looks and drive like new) extended warranty to 100,000 km 5 yr bumper to bumper. No regrets, love FSD V12.
@@teslasincanada Interesting fact in QC Tesla shows no used vehicles for sale at all. Not sure but I think they decided to send everything to the auctions.
In May of 2022 I sold my used 2020 M3SR for $59K ($6k MORE than I paid for it) and upgraded to a 2022 M3LR. The price fluctuations had/have everything to do with the supply shortages and now higher interest rates. The 2024 M3SR is now $46K (after rebate, referral discount, gst) so $36k for a 2022 is fair. The actual vehicle only depreciated $10k. The majority of your loss was due to the market conditions...not due to Tesla (altho I'd feel your pain if I were to sell my 2022)..
Depreciation is huge for EVs in general as tech progresses fast. Also, Elon constantly dropping prices for new cars doesn't help to retain value. It is a new reality. But remember one most important thing: they are way overpriced to begin with, so that's expected. But even with all the prices dropped, there is simply no way a basic small sedan should cost CAD $50K for a base model (RWD in this case). In this price segment Tesla is already competing in the sub or half luxury brand category (Lexus, Infiniti, Acura), while not being on the same level. I get that some people dig the minimalistic interior, but not everyone. The brand new base Model 3 top price should not be more than CAD $35K to be able to actually compete.
Not sure why this video is even posted. The cars in general get a 40-50% loss in sales especially when sold 2-3 years after buying. And being that you are a Canadian, you should have got 13 500 $ from the government at the moment of buying it. Not sure why all the fuss - it looks more like a clickbait.
Clutch is the BEST! Their process is super easy, and their quotes are normally the highest compared to their competitors! I sold them my Hyundai Tuscon last year and bought a Tesla Model 3 from Tesla . No regrets. Go with them
You are smoking crack if you think you can get $35000 for your basic 2 year old tesla RWD. You will be lucky if you get in MID $20k price range in US market. Your biggest mistake was buying the car instead of leasing it and you missed out on $7500 EV credits by financing it or paying cash for it. You suppose to lease EVs not buy them. Don’t make that mistake with your model Y
I can 100% get that money and have offers for it already :) I got the tax incentives that were offered if you take a look at my bill of sale. Thanks for the comment
@@teslasincanada on retail you can get that money but not on a trade. No dealers in America would give you $35000 for 3 year old tesla model 3 standard range RWD. I’m a dealer and been in the business for over 32 years and I specialize in Teslas that I buy used at auctions and shop overseas and I know for a fact what dealers like me pay for them at all major dealer auctions like Adesa and Manheim. You ether sold your car privately or you are lying but other than private sale to someone no dealer would pay you $35000 not even Carmax or Carvana or Echo Park no one unless you are talking about Canadian dollars! 😂
The only Tesla you can buy as a financial investment is a slightly used one with low miles. If you buy it brand new you’re just burning money on resale value
The problem is you are treating a Tesla like just a car, they are not, literally they are computers on wheels... You don't buy and led tv and expect it to be worth the same even in a year. Technology is advancing so fast that as soon as you buy an EV most likely something better is already being worked on and will be out the following year with better range and faster charging. Therefore it is pointless to post these videos complaining about loosing money, this is a given, and shows the vast majority of people are ignorant when it comes to knowing the facts when you buy. Look at when a new iPhone is released especially one that is a very significant upgrade, you can usually find last year's used models around half of what the new model is, this is the same with an EV, just because it costs more the principles are the same... No one wants to have yesterday's tech and it's less valuable. Literally just looking at prices of model 3s in the market your car is only worth 26-28k probably, if you trade it un you will probably get even less. No one cares about park sensors or anything else. The only thing that will being more money is if you bought the FSD option you may be wble to ask a couple thousand more
I went through my trade in options and I can definitely get solid money for the car :) I knew buying it before hand it would lose money as every new car does :) Thanks for watching
I guess it thought you needed some variety in your life 🤣 Although my channel is catered to teaching people about Tesla I definitely don’t consider myself a fanboy of Tesla 😂
You are looking at loosing 24k on the m3 , so get ready if you buy a CT , over last few months they have depreciated even more . Now tell us how much you saved on fuel ?
If you start factoring in Fuel, Oil Changes, etc then I would not have "lost as much" Still in a better position than if I had gone for a $35,000 Gas Vehicle at the end of the day in terms of dollars spent/deprecation. Would gladly go back in time and do the exact same thing.
This is correct. In fact here in Canada that price difference is about $27,000 that the prices will go down after the foundation series but you will lose out on a few things.
Anyone who buys a cybertruck now should realize they are paying just to have it and it will depreciate, no one wants yesterday's technology. Trust me in a few years I will get rid of my cyberbeast probably for half the price I payed. But at that time range and charge times will be significantly better and as I mentioned, everyone wants the latest greatest, so a used CT will be worth less naturally but I would have payed to enjoy driving something so popular for the time being. If you buy a CT to make money you are sadly mistaken because you won't. It's like buying a PS5 when you know when the ps6 comes out what you have will be worth less. Does that mean you don't buy one and enjoy the current games and have fun? Something always better will come out with EVs, this didn't use to happen with ICE cars and very little changed for decades.. there were no advancements in infotainment only interior styling... This is why resale values were better.
@@hafezmozafari what are you talking about the model 3 performance is on Teslas site, cash price is 54,490 before the 7500 instant tax credit making it..46,690 after tax incentives in the US. It was also announced the new model y will have batteries with around a 25% better battery density that will charge faster, I'm sure new model 3's will receive the update shortly after further driving down used model 3 prices. It's just the way technology is, like iPhones and led TVs...
@@teslasincanada 🤣 what if I promise to make a detailed video of the drive back home? (and numerous videos going forward, living in Sask I have a unique opportunity to make extreme weather testing videos) and plan to begin a channel once I do acquire a Tesla! In all reality Goodluck with sale!
Interesting proposition haha. Thanks and good luck on your search! There definitely are some good buys out there currently and that channel concept sounds great!
If you didn't have 2 new vehicles, you wouldn't need to sell this car. All this talk about buying an electric car to save gas and maintenance money is a complete joke. If you wanted to save money, don't buy new flashy toys. A good old Camry, Corolla, Civic, Mazda 5 could live 20+ years. A well used one would have very little depreciation, and will be very dependable.
I had some of those vehicles. They were alright and held value well the older ones I had. Happy with those but so glad I bought this Model 3. No regrets on it and money well spent in my eyes.
You lost nothing if you just keep the car until it dies. And if you crash it and buy a new one it will cost you less. Not to mention the goal is to have clean air and to fight climate change, so cheaper cars means more cars on the road for your benefit (and for your children). If your only goal in live is to maximize your bank account, just walk, or at least do not buy a brand new car. BTW, do you have a computer ? a phone ? are new complaining because new models better and cheaper come on the market every year ? What's about not buying a new computer / phone / EV for the next 20 years ? I am sure you will have a quit better deal then.
Yes the 2022 Tesla Model 3 is For Sale for $38,000. If you have interest email me! Email in the description
How many km in 2 years you put in that e v?
@@Tokushima77 34,000kms Tesla Model 3 RWD: Brutally Honest 2 Year Review
th-cam.com/video/fRoq4v-KKQM/w-d-xo.html
@@teslasincanadado you thing that aver 46km / day justifies buying Tesla spending 60k and losing 35% value of vehicles in first 2 year or you can do cheaper for 30k and your gas cost will be 5000-6000$ in 5 year total 35000$ and saving on side 30k ???
@@Tokushima77that is what I weighed in my decision making process back then and that was a different time as well with wait times being extremely long. Now again if you go to Toyota they have two year waits for a lot of product as well so getting a brand new affordable vehicle can still sometimes be a challenge.
With a gas vehicle you should also factor in the time and money you spend getting oil changes, changing brakes, etc. It will also take a depreciation hit as well so you can’t fully factor that out either.
@@teslasincanada ok . I see your point of view and i will support your channel like all your videos but for the first 120000km you do only oil change and filter every 8000km thats 45$ . And trust me you are smart guy anyone can do oil change in garage just get rhino ramp for 60$ in princess auto and you can get oil from Costco 35$ filter is 12$ For the break you can do that trust me you are smart guy. I wish you the best but tou open my eyes not to buy 2024 model y lo g range case am doibg 45km / day i i found out that i can be better with gas engine car and save money for the kids or Goods know what put on side. But thats me. Wish you the best thank you ❤❤❤
Your first mistake was seeing a volume sales vehicle as some sort of financial investment. Just drive it until it dies.
Here's the problem, you bought at peak and now you're choosing to sell in the dip. You haven't lost anything until you sell it, and selling a car after two years is always going to cost you. Stop "upgrading".
I am glad I did not buy at the peak :) I actually bought for around $5000-$7000 less than the peak price on the same spec.
Best car I ever owned was my used 92 Nissan Sentra that I bought in 95. Only cost about 2k when I got it (iirc) and would get an actual 35 miles per gallon. Super economical. I drove that thing until it quit. The same model year Honda Civic is probably, still to this day, the most economical car to own (I haven't done the math, though). The engineering on those old cars is amazing.
My current favorite car is my 2018 Tesla Model 3. I'm able to plug it in at home so my gas savings is about 50% what I would normally pay per miles driven. I got the performance model and added all the options. Overall, the cost was roughly 85k including the interest from the loan (it's all been paid off). I have no illusions I will be "making that back" in savings unless I keep it for the next 20 years and I'm being optimistic. However, getting the car made me realize that whether it's a Tesla or not, this is the future of cars.
It's actually sad for me to say this, but my very close second favorite car is my 2005 Honda S2000. I absolutely love it, but the reality is the Model 3 outperforms it in every aspect. As a car guy, I can't ignore that reality. However, also as a car guy, I still appreciate the engineering put into that old beast and a rear wheel drive roadster, mid-engine construction with a powered convertible top is awesome. And that was all standard off the line. And even stock, there was no additional tuning that would get you more horsepower. Only a turbo or supercharger.
I am definitely biased, though. And I still have it! lol
But I also really love my Model 3. Great stuff.
EDIT: And yes, if anyone was wondering, I would indeed take the S2000 to the track. Heck yes. Not so much now, though. It's too valuable to me.
S2000 is a fantastic car! Once you drive a Tesla even just for daily use it is definitely a struggle to want to drive anything else for daily use. Of course my dream "weekend" car is still a Lamborghini to rip around in. Maybe one day but also maybe that won't interest me as tech continues to improve in EV's
you lost money, but you're not counting the $5000 tax credit you got when you bought it
I traded in my Lexus RC350 2017 and only have to pay CAD 26k for a new quicksilver Model 3 RWD Highland. I don't think anyone is gonna pay 30k+ for last gen Model 3, esp. ones that endured two Canadian winters. I don't expect any resale value from EVs, gonna drive it till the wheels fall off.
Any toyota hybrid would've depreciated less than $10,000 over 2 years of driving and im being GENEROUS. $24,000 in 2 years? OUCH and thats exactly why i will never buy a Tesla
battery prices expected to drop 40% next year. prices will continue to decline
That is both a positive and a negative 🤣 We shall see how much that gets passed down to the consumers
just bought a 2024 M3 LR for 36k financed after tax credit etc.
Yeah bruh cars arent something you want to invest in lol Its a depreciating asset as soon as you drive it off the lot.
💯
We picked our second model 3 2022 in march this year. It's white on white with 49,000km bought it direct from Tesla for $35,000. It came with FSD new tires and wheels (car looks and drive like new) extended warranty to 100,000 km 5 yr bumper to bumper. No regrets, love FSD V12.
Such a good buy!
@@teslasincanada Interesting fact in QC Tesla shows no used vehicles for sale at all. Not sure but I think they decided to send everything to the auctions.
@@antoinepageau8336 yeah it does seem like majority of the trade ins are going to the auctions as they focus on selling their new inventory.
In May of 2022 I sold my used 2020 M3SR for $59K ($6k MORE than I paid for it) and upgraded to a 2022 M3LR. The price fluctuations had/have everything to do with the supply shortages and now higher interest rates. The 2024 M3SR is now $46K (after rebate, referral discount, gst) so $36k for a 2022 is fair. The actual vehicle only depreciated $10k. The majority of your loss was due to the market conditions...not due to Tesla (altho I'd feel your pain if I were to sell my 2022)..
That is correct! The auto market is not linear in how the values go.
Depreciation is huge for EVs in general as tech progresses fast. Also, Elon constantly dropping prices for new cars doesn't help to retain value. It is a new reality. But remember one most important thing: they are way overpriced to begin with, so that's expected. But even with all the prices dropped, there is simply no way a basic small sedan should cost CAD $50K for a base model (RWD in this case). In this price segment Tesla is already competing in the sub or half luxury brand category (Lexus, Infiniti, Acura), while not being on the same level. I get that some people dig the minimalistic interior, but not everyone. The brand new base Model 3 top price should not be more than CAD $35K to be able to actually compete.
Not sure why this video is even posted. The cars in general get a 40-50% loss in sales especially when sold 2-3 years after buying. And being that you are a Canadian, you should have got 13 500 $ from the government at the moment of buying it. Not sure why all the fuss - it looks more like a clickbait.
Get a VW buzz or kia ev9. So you can shuttle your clients around
EV9 is a great looking vehicle. I should drive one and make a video on that sometime soon..
It's a computer on wheels, computer gets cheaper EVERY YEAR, it's stupid to think that "I will buy it when it gets cheaper"
That they do, technology evolves quickly.
Clutch is the BEST! Their process is super easy, and their quotes are normally the highest compared to their competitors! I sold them my Hyundai Tuscon last year and bought a Tesla Model 3 from Tesla . No regrets. Go with them
Thanks for sharing!
You are smoking crack if you think you can get $35000 for your basic 2 year old tesla RWD. You will be lucky if you get in MID $20k price range in US market. Your biggest mistake was buying the car instead of leasing it and you missed out on $7500 EV credits by financing it or paying cash for it. You suppose to lease EVs not buy them. Don’t make that mistake with your model Y
I can 100% get that money and have offers for it already :) I got the tax incentives that were offered if you take a look at my bill of sale. Thanks for the comment
@@teslasincanada on retail you can get that money but not on a trade. No dealers in America would give you $35000 for 3 year old tesla model 3 standard range RWD. I’m a dealer and been in the business for over 32 years and I specialize in Teslas that I buy used at auctions and shop overseas and I know for a fact what dealers like me pay for them at all major dealer auctions like Adesa and Manheim. You ether sold your car privately or you are lying but other than private sale to someone no dealer would pay you $35000 not even Carmax or Carvana or Echo Park no one unless you are talking about Canadian dollars! 😂
The only Tesla you can buy as a financial investment is a slightly used one with low miles. If you buy it brand new you’re just burning money on resale value
The problem is you are treating a Tesla like just a car, they are not, literally they are computers on wheels... You don't buy and led tv and expect it to be worth the same even in a year. Technology is advancing so fast that as soon as you buy an EV most likely something better is already being worked on and will be out the following year with better range and faster charging. Therefore it is pointless to post these videos complaining about loosing money, this is a given, and shows the vast majority of people are ignorant when it comes to knowing the facts when you buy.
Look at when a new iPhone is released especially one that is a very significant upgrade, you can usually find last year's used models around half of what the new model is, this is the same with an EV, just because it costs more the principles are the same... No one wants to have yesterday's tech and it's less valuable.
Literally just looking at prices of model 3s in the market your car is only worth 26-28k probably, if you trade it un you will probably get even less. No one cares about park sensors or anything else. The only thing that will being more money is if you bought the FSD option you may be wble to ask a couple thousand more
I went through my trade in options and I can definitely get solid money for the car :) I knew buying it before hand it would lose money as every new car does :) Thanks for watching
your lucky in Canada here in the US you can get a model 3 refreshed for 35,000 2024 new
"Yeah, maybe get a cybertruck . . ." Some people just love pain I guess. Why did youtube recommend me to Tesla fanboy network??
I guess it thought you needed some variety in your life 🤣 Although my channel is catered to teaching people about Tesla I definitely don’t consider myself a fanboy of Tesla 😂
You are looking at loosing 24k on the m3 , so get ready if you buy a CT , over last few months they have depreciated even more . Now tell us how much you saved on fuel ?
CT is on preproduction pricing it's built in to drop $20k when it is full production.
If you start factoring in Fuel, Oil Changes, etc then I would not have "lost as much" Still in a better position than if I had gone for a $35,000 Gas Vehicle at the end of the day in terms of dollars spent/deprecation. Would gladly go back in time and do the exact same thing.
This is correct. In fact here in Canada that price difference is about $27,000 that the prices will go down after the foundation series but you will lose out on a few things.
Anyone who buys a cybertruck now should realize they are paying just to have it and it will depreciate, no one wants yesterday's technology. Trust me in a few years I will get rid of my cyberbeast probably for half the price I payed. But at that time range and charge times will be significantly better and as I mentioned, everyone wants the latest greatest, so a used CT will be worth less naturally but I would have payed to enjoy driving something so popular for the time being.
If you buy a CT to make money you are sadly mistaken because you won't. It's like buying a PS5 when you know when the ps6 comes out what you have will be worth less. Does that mean you don't buy one and enjoy the current games and have fun?
Something always better will come out with EVs, this didn't use to happen with ICE cars and very little changed for decades.. there were no advancements in infotainment only interior styling... This is why resale values were better.
bruh 60k for a RWD??? yeaaah you're fucked
Anyone that ordered anything 2021 is screwed.
Yeah a new model 3 performance doesn't even cost that.
😂
@@aureasha do you mean the long range all-wheel drive? model 3 performance is $71,996
@@hafezmozafari what are you talking about the model 3 performance is on Teslas site, cash price is 54,490 before the 7500 instant tax credit making it..46,690 after tax incentives in the US. It was also announced the new model y will have batteries with around a 25% better battery density that will charge faster, I'm sure new model 3's will receive the update shortly after further driving down used model 3 prices. It's just the way technology is, like iPhones and led TVs...
Wait till the new Juniper models come out for the Model Y. It’s going to be like the Titanic!
The unsinkable ship that sank?😅
Lol
Definitely a possibility but I don’t think it will be that drastic (on the model Y)as suv’s seem to hold value a bit better.
Would make no sense for prices to drop. It's going to be almost the same car but with ventilated seats. @@teslasincanada
Did you get the sexy knobs ?
Were you expecting a depreciating asset (a car) to make you money?!
100% not when a car is nothing but a liability 😂
$30k cash and I'll fly out there from Sask this week and take it off your hands 🤣
If I did not have an offer for 36k I would agree 😂
@@teslasincanada 🤣 what if I promise to make a detailed video of the drive back home? (and numerous videos going forward, living in Sask I have a unique opportunity to make extreme weather testing videos) and plan to begin a channel once I do acquire a Tesla!
In all reality Goodluck with sale!
Interesting proposition haha. Thanks and good luck on your search! There definitely are some good buys out there currently and that channel concept sounds great!
You are making great videos thank you ❤❤❤ !
Thanks for watching!
Elmo thanks you very very much.
If you didn't have 2 new vehicles, you wouldn't need to sell this car. All this talk about buying an electric car to save gas and maintenance money is a complete joke. If you wanted to save money, don't buy new flashy toys. A good old Camry, Corolla, Civic, Mazda 5 could live 20+ years. A well used one would have very little depreciation, and will be very dependable.
I had some of those vehicles. They were alright and held value well the older ones I had. Happy with those but so glad I bought this Model 3. No regrets on it and money well spent in my eyes.
For the Algo
You are the algorithm
You lost nothing if you just keep the car until it dies. And if you crash it and buy a new one it will cost you less. Not to mention the goal is to have clean air and to fight climate change, so cheaper cars means more cars on the road for your benefit (and for your children). If your only goal in live is to maximize your bank account, just walk, or at least do not buy a brand new car. BTW, do you have a computer ? a phone ? are new complaining because new models better and cheaper come on the market every year ? What's about not buying a new computer / phone / EV for the next 20 years ? I am sure you will have a quit better deal then.
This is true if I hold it for a long time I can spread out the "loss" per year over a longer period of time.