General EV Conversation
Lexus Champion
Joined: Oct 2019
Posts: 19,948
Likes: 3,841
From: California
There are $30,000 used Teslas that can beat any Corvette ever GM made. For example, a 2017 Tesla P100DL does 2.3 sec and sells around $30000 today.
https://www.zeroto60times.com/fastes...-60-mph-times/
However, ownership cost of such a car is one of the most expensive with high insurance rates, high deprecation and frequent /high cost repairs. It could end up being cheaper ownership cost to buy a $75,000 brand new 2024 corvette than a $30,000 used P100D Ludicrous.
https://www.zeroto60times.com/fastes...-60-mph-times/
However, ownership cost of such a car is one of the most expensive with high insurance rates, high deprecation and frequent /high cost repairs. It could end up being cheaper ownership cost to buy a $75,000 brand new 2024 corvette than a $30,000 used P100D Ludicrous.
Lead Lap
Joined: Sep 2020
Posts: 3,958
Likes: 409
If you get it repaired at a Tesla Service center for sure. In California we have a number of independent Tesla repair shops that are more than half the price of Tesla service centers. I have a friend who bought a 2014 Model S and had the battery either replaced or repaired for around $7500 with full warranty. They repaired some other stuff like issues with the motors as well. He now has a brand new car, all the issues with batteries and motors repaired
Lexus Champion
Joined: Oct 2019
Posts: 19,948
Likes: 3,841
From: California
CL Community Team
Joined: Feb 2007
Posts: 9,435
Likes: 638
From: IL
The latest data we DO have is from the 2020 study (which covers 2014-2018). That had the Corvette at slightly above (meaning slightly worse than) average both in its class (Midsize sports cars) and compared to all vehicles, but about a third of the worst car (Ford Fiesta), and about 20% less than the 20th worst (Mitsubishi Outlander Sport), which is as far down as the ranked list goes. It's 17% lower than the Dodge Challenger, and a third lower than the Mustang GT.
What's interesting though is that nearly all of the fatal crashes were single vehicle accidents, and more than a quarter of those were rollovers. This is a wide, low-slung car, not a lifted bro-dozer. You have to WORK to get it to roll over. That leads me to conclude that the overwhelming majority of these fatal accidents are a driver issue (high speed + low skill + poor judgement), not an engineering one.
Last edited by geko29; Jan 15, 2024 at 05:56 AM.
Lexus Champion
Joined: Apr 2019
Posts: 11,414
Likes: 1,646
From: FL
Makes me wonder about EV wrecks too.
I can't imagine that much power from a push of the pedal when I was 18 years old, and wild, & reckless.
I still believe EV's are WAY too much car for a noob driver.
Ya'll feel free to shoot me down but I know. Lol
I can't imagine that much power from a push of the pedal when I was 18 years old, and wild, & reckless.
I still believe EV's are WAY too much car for a noob driver.
Ya'll feel free to shoot me down but I know. Lol
Lead Lap
Joined: May 2010
Posts: 4,075
Likes: 1,723
From: San Diego, CA
There are $30,000 used Teslas that can beat any Corvette ever GM made. For example, a 2017 Tesla P100DL does 2.3 sec and sells around $30000 today.
https://www.zeroto60times.com/fastes...-60-mph-times/
However, ownership cost of such a car is one of the most expensive with high insurance rates, high deprecation and frequent /high cost repairs. It could end up being cheaper ownership cost to buy a $75,000 brand new 2024 corvette than a $30,000 used P100D Ludicrous.
https://www.zeroto60times.com/fastes...-60-mph-times/
However, ownership cost of such a car is one of the most expensive with high insurance rates, high deprecation and frequent /high cost repairs. It could end up being cheaper ownership cost to buy a $75,000 brand new 2024 corvette than a $30,000 used P100D Ludicrous.
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Intermediate
Joined: Oct 2021
Posts: 287
Likes: 99
From: VA
lots of assumptions there, mostly probably wrong. A used P100d has already experienced most of its core depreciation. The depreciation curve from now will be shallow. It may even be close to level. EV insurance is not necessarily any more expensive than other cars. Mine for example is about the same as it costs us for both of our Lexus RX. If your quote is high for an EV then chances are it’s your driving record or other external factor causing that, and you’d be punitively quoted on pretty much any other vehicle. EVs generally require less maintenance and a used Tesla of that era probably has most major items already addressed. You can check battery health before you buy. You can’t easily check ICE engine health in the same way. A pre purchase inspection on an ICE vehicle is much more of a mechanical snapshot in time than an EV diagnostic which is a much more reliable predictor of future battery performance.
Insurance rates are just as you implied about double than a similarly priced car and you keep paying that as long as you own the car. This is only for drivers with perfect record and no teenagers in the same address. Check online for several complains of insurance companies refusing to insure Performance Teslas.
Depreciation has been high from $130,000 to $30,000 in 7 years. Considering that the 2013 P85D is selling now for $13000, I do not see that slowing down or flatten. Maybe if we have another COVID period.
Repairs are way higher than other cars not just Lexus. Common issues include $3000 control arms and suspension, $2000 MCU, Coolant leaks $3000-$5000 and the icing on the cake a HV battery $15,000-$18,000. The failure HV battery rate has been reported between 3% or up to 8% for 2013. Yes I save $120 from 2 synthetic oil changes I would have every year.
I still like these cars but if I buy it used and out of warranty, I understand where I am getting into.
Lead Lap
Joined: May 2010
Posts: 4,075
Likes: 1,723
From: San Diego, CA
No, let's not agree to disagree. I think your assumptions are flat out wrong. With that said, if you're so worried about buying one, the best advice is don't buy one.
This really isn't difficult.
This really isn't difficult.
Lead Lap
Joined: Aug 2001
Posts: 4,543
Likes: 936
Lexus Champion
Joined: Oct 2019
Posts: 19,948
Likes: 3,841
From: California
Let’s agree that we disagree. The ownership cost of a Tesla P100D is very high and it is a car I researched a lot while considering to buy.
Insurance rates are just as you implied about double than a similarly priced car and you keep paying that as long as you own the car. This is only for drivers with perfect record and no teenagers in the same address. Check online for several complains of insurance companies refusing to insure Performance Teslas.
Depreciation has been high from $130,000 to $30,000 in 7 years. Considering that the 2013 P85D is selling now for $13000, I do not see that slowing down or flatten. Maybe if we have another COVID period.
Repairs are way higher than other cars not just Lexus. Common issues include $3000 control arms and suspension, $2000 MCU, Coolant leaks $3000-$5000 and the icing on the cake a HV battery $15,000-$18,000. The failure HV battery rate has been reported between 3% or up to 8% for 2013. Yes I save $120 from 2 synthetic oil changes I would have every year.
I still like these cars but if I buy it used and out of warranty, I understand where I am getting into.
Insurance rates are just as you implied about double than a similarly priced car and you keep paying that as long as you own the car. This is only for drivers with perfect record and no teenagers in the same address. Check online for several complains of insurance companies refusing to insure Performance Teslas.
Depreciation has been high from $130,000 to $30,000 in 7 years. Considering that the 2013 P85D is selling now for $13000, I do not see that slowing down or flatten. Maybe if we have another COVID period.
Repairs are way higher than other cars not just Lexus. Common issues include $3000 control arms and suspension, $2000 MCU, Coolant leaks $3000-$5000 and the icing on the cake a HV battery $15,000-$18,000. The failure HV battery rate has been reported between 3% or up to 8% for 2013. Yes I save $120 from 2 synthetic oil changes I would have every year.
I still like these cars but if I buy it used and out of warranty, I understand where I am getting into.
He has nearly 100k on it, and it seems it's been reliable except for some quality/manufacturing stuff. This is his second Model S as he stated in the text. From conversations with him, the most expensive ownership aspect is the insurance premium, but he probably saves more in not having to buy gas and maint. Here's a pic of the car:
I would buy a used one in a heartbeat!
Last edited by AMIRZA786; Jan 15, 2024 at 01:14 PM.
