It is amaxing the number of people who can not do basic math. Especially looking or creating a TCO model. When I tell people I bought a Tesla, they say must be nice to be rich, I respond that it must be nice to have so much extra money to waste on their gas car. Normally leads to an interesting conversation where I have to educate them on basic math. It is really funny when they discover their electric provider offers $0.04 / kWhr electricity for EV‘s and it is like $148/year to drive the car 10K miles at that rate.Here's my counter to all FUD, numbers.
I replaced an F350 service truck with a Model Y and this is the difference, $17k in savings vs fuel costs. That doesn't even include oil and fluid changes, which probably puts it closer to $20k in savings.
Really? I thought they said it will be illegal to sell new ICE cars after 2035, and that was not the US government, that was state governments. Did I miss something? Not being able to sell new ICE cars, and forcing people to scrap used ICE vehicles are two entirely different things.
Yup, and it is not all states. If someone is so desperate to kill themselves & their family with pollution in 2035 they still have the FREEDOM to move to Texas, Florida and a number of other states to buy new FREEDOM ICE cars/trucks.
There is more economic pain and significant inconvenience ahead for ICE owners.
Yeah, but you need to have much better credit to get a loan for a Tesla with a lower TCO vs an ICE vehicle.
Many are already in this sprial. Nissan Sales are down 50% since 2015. You are exactly right, but I have no idea how they can lower prices with minimal profit margins now. Most likely they will continue to cut jobs and manufacturing capacity as they use product scarcity to hold pricing up. Basically ICE car manufacturers are going to be shadows of their former glory.
Very good point. Already happened to Corvette owners when they switched engine manufacturers. The old one could not afford to stay in business anymore on used part sales only. Not only this, but there will basically be almost no new ICE car new designs from a platform standpoint. No one will be able to afford all that engineering and new tooling costs when the volume to pay back has been cut in half. You will see minor body changes or shared platform designs to a much higher extent later this decade. Crap with the current numbers as they are, this may have already started.
Not really clear on your point on this one. Tesla actually does not have a loan arm of the company. They just subcontract to other lenders. I didn’t even bother going through them and used my own credit union. Not sure this is not like buying anything else of substantial value. And yes, you do need good credit to not get ripped off, but that is why a good credit rating is earned. Most think there are no reprecussions for during stupid stuff and then just whine when no one want to give them lots of money or simply tells them they are a high risk and need to pay more for the lender to take that risk.
I live in East Mesa AZ, it is not too difficult to guess her tribal affiliation and news sources so concerns about the environment or macro health concerns are just hoaxes to her.
And you shouldn't. Credit requirements are the same for EVs as for ICE. I had this conversation with our credit union when refinancing our Tesla, and just had it with a neighbor's kid who got a Bolt with what he describes as "I fucked up but I'm fixing it" credit. The EV savings are not factored into DTI so you may need a better DTI than if they did count it. My and his DTI are both super low. When a person has too much debt, then some amount of credit score can help a bit, but not overcome the fact that you should stop spending.
