- First Name
- Jul 20, 2021
- Reaction score
As for insurance, insurance companies have ZERO data and info on the CT so no quotes can be generated. Be aware most premiums take great consideration as to the total replacement value of the vehicle. Model 3s are a good example as most premiums run comparable to $35-$40K cars. If I ADDED a Model 3 coverage to my existing policy with no other change in my other covered vehicles, the extra monthly cost is about $35. If your CT costs about $75K, your insurance will probably be in the appropriate premium costs of a $75K Ford Raptor.Short version:
If you intend on purchasing today, and knowing what we know today and what we don't know yet; when the final product and pricing is revealed, what would prevent you from making the purchase?
I reserved a CT3 w/FSD.
I have a list of questions I 'm curious about, (but don't really care all that much about), a list I care about that will make me more or less inclined to purchase, and a short list of concerns that would prevent me from making the purchase.
I'm curious about...
-What is the battery size?
-Will it have side view mirrors?
-Is the tailgate ramp standard or optional? Price if optional?
-V2H or V2G or V2V options?
-Will it have a mid-gate? Standard or optional? Price if optional?
-Is that full glass roof standard or optional? Price if optional?
-How much is that camping package option they show and can I still use the bed for doing truck things with that package onboard?
-Can the purchase be delayed? If my number come up, and I don't want to make the purchase, can I delay by 6 months or a year. Really only curious about this because I'm about 90k inline for the truck...whatever that means. I'm personally not expecting delivery until late next year. Maybe it will be summer time or even spring...I don't know. I'm retiring from active duty in Oct next year. It would be good to know I secured a follow on job prior to spending my savings for this truck. Ideally, I retire, I get a job, I receive the notification to finalize my CT order.
I care about...
-What is it's actual wheel travel? I know we saw 20" recently posted, but that is so far beyond even a Raptor's spec travel, that I don't believe it until I see it in the actual CT specs.
-What is it's RTI? Not usually a spec released by the company. We probably won't know this until a youtuber posts his/her review.
-What is its turning radius? This should be a Tesla released spec. Some of the videos we've seen make it look like absolute trash. It has to be inline with the Raptor or better.
I have a feeling it's going to be pretty terrible(With the 4 wheel steering announcement I'm no longer concerned about the turning radius, but I'm still interested in what it is.) because I think it has a longer wheelbase while being the same length of an F150 (which helps it for the approach and depart angles but hurts it for turning radius and and breakover angle...which the CT compensates for with the massive 16" of clearance. But that clearance does not help with the turning radius. It's going to need a ton of wheel angle range.)
-Is the solar panel cover standard or optional? What's the price if it's an option and how much range does it provide or how much phantom loss does it replenish?
(These next two are danger close to falling onto my next list)
-Are 35's standard or optional and if it's an option, how much will they effect the range...hoping there is an EPA stated range for them if it's an option. If it is an option I just can't imagine the range is 500+ with them. Which means I'd be purchasing the CT3 without 35s which makes me far far less excited.
-Is the interior we've seen the final product? Frankly, I don't like it. It doesn't need to be fancy (ie, Platinum, Laramie, etc...but XLT, Longhorn would be good) What storage is there around the driver and passengers...yes, cupholders and storage matter.
But most importantly, I need to know the following or it will prevent my purchase.
-What is it's EPA range? 500 is the bare minimum. If it's exactly 500 I have a decision to make. I'm not overly concerned with this one as I think the EPA range will be over 500 miles...but that might be with 32" hwy tires. I need it to have 500 miles with at least 32" AT tires. Again, not too concerned but if it turns out I'll only get 499 with 32" ATs, I'm out.
-How much will the insurance be? If it nullifies my fuel saving or significantly cuts into the money saved from buying fuel vs my current cost to insure my F150 $77/mo), it makes the premium price not yet justifiable (for me). Today, I feel like I need to see the payback for the premium I'm paying in under 15 years. By "premium" I'm talking about what I'd normally be spending on a new to me, 2 year old used truck vs the brand new CT. If I'd normally buy a used truck for say $35k (this would be a new high for me) and I'm spending ~ $76k on this new CT then the premium is $41k. Between fuel saving and insurance rates, and yes additional maintenance savings because EVs have so fewer moving parts, (but maybe go through tires faster) I need to save $41k over 15 years. This is going to be a wag, but if the wag seems too far off, it will prevent me from making the purchase. The simple math is that I am going to have to save about $225/mo buying this truck vs something else, when I only drive about 15k miles a year. My electrical rates are $0.105/kWh and gas is currently about $3.50/gal here. So right now I spend about $368/mo on gas and insurance. I estimate spending about $65/mo in electricity from home with the CT (assuming 100% of my charging is at home). I feel like the insurance is going to be more then $128/mo for this CT. Making the premium payback over 15 years.
-Depending on how that immediate concern get answered I may need an answer on the tax incentive. Right now, we don't get one. If one is established it could sway the numbers back in favor of the purchase.
So what say you? No tax incentive, no purchase? No midgate, no purchase? No V2?, no purchase? No change to the interior, no purchase? Just curious.
Make no mistake to ignore the local and possible Federal tax credits or incentives. My utility offers discounts on the home chargers and credits for buying an EV. Federal tax credits for Teslas may be going away if they sell too many EVs and pass any thresholds of units sold. Since Congress wants to give billions and trillions away, perhaps Elon Musk and his team can influence Congress to continue or increase Federal benefits to EV customers.
You can count on, at least for me, cost per mile based on home charging to be about 50% the cost of using gas and even greater savings since our national energy supply from cheaper sources is being turned back to more expensive imported crude oil through OPEC with higher pollution emissions. Of course the cost of electricity vs gas may remain the same if regulations and other costs to generate electricity are artificially increased to commensurate with the cost of imported crude which has kicked up gas prices approximately 50% higher around the country than before with higher price increases projected by the government.
As for me, I am ready for my bulletproof, dent proof, and glass smash proof CT and expect prices to remain in the same neighborhood as originally projected due to battery cost and efficiency advances, improved production efficiencies at the Texas Gigaplant, and Elon Musk wanting to make the CT a resounding success and succeed on silencing his peanut gallery, ankle biting critics.