- Reaction score
- Medford, NJ
- Boat Make
- Boat Model
- Limited S
- Boat Length
You should really compare apples to apples. A bare bones corolla is 19.6, a bare bones Model 3 is 38.9. That delta is already covered at 100K. Now the fuel cost of a Tesla is not zero since you have to pay for electricity at some point (I can charge at work, so could probably get away with rarely charging at home - maybe just Sundays if I use it a lot on the weekend). Maintenance will be cheaper (but not zero) on a Tesla over 100K.@Nakk as per your recommendation I started doing an excel and I gave up on it real quick. But please do look at my assumptions and see if I missed anything.
2018 corrola vs 2018 Model 3 ( 1st year tesla was available). If my memory serves me right the lowest Model 3 you could get in 2018 was at $48,000 ( correct me if I am wrong). The trade in value would have been a bit of $25,000 and about $9,000 for the corolla.
Since you talked about real life MPG and not what wished for, I assumed 25 mpg for corrola, I take you are okay with 25mpg, right!!! I assumed $2.75 per gallon. I also put $0 for fueling the tesla and still you are off $5,000 over 100,000. Should I continue and start talking about insurance cost, tires, etc or this adequate.
I am very supportive of the technology and we will most likely get an electric Mini when it comes out, but I am honest with myself. We will buy the electric Mini because we like it, but not because it will cost us less in the long run. Deceiving yourself and try to make the case that it will cost you less in the long run it is just silly.
Corrola Model 3 MSRP 19,000 48,000 Out of the Door 19,000 51,000 trade in 9,100 25,750 out of pocket 9,900 25,250 MPG 25 0 Gallons used in 100K 4,000 25,250 total fuell cost 11,000 0 Total out of pocket 20,900 25,250
And if we're being really honest, a Model 3 is waaaaaaaay nicer than a Corolla. Can't put a dollar figure on it, but at a negligible (or even cheaper cost) for a Tesla over a few years - I'm going Tesla all day long.
Either way though, I still need to drag a boat around, so I drive a pickup truck - lol. I'm curious to see the Tesla version (and the Rivian) when real world data is available.