Model 3 Highland Revealed
Lexus Champion
Joined: Oct 2019
Posts: 19,434
Likes: 3,660
From: California
Too soon, too soon. I’ve never owned a car that depreciated so fast in such a short period of time LOL. It is what it is, I just wish I had the new tailights. That’s the only thing that bothers me right now. That and the fact that my car now has bodywork done to it. What’s my car worth now, $40k LOL.
Lexus Champion
Joined: Oct 2019
Posts: 19,434
Likes: 3,660
From: California
Lead Lap
Joined: Jan 2003
Posts: 4,945
Likes: 497
From: Maryland
BTW this is why it sometimes pays to lease. You don’t have to deal with depreciation.
Lexus Champion
Joined: Oct 2019
Posts: 19,434
Likes: 3,660
From: California
I usually like to get a new car in 2-3 years so no way will I ever keep this one long term and I understand depreciation but when a car company drops the price $45k in less than a year no one could predict that. I will probably trade out of it by year three and hope there are some new updates to the plaid at that time.
BTW this is why it sometimes pays to lease. You don’t have to deal with depreciation.
BTW this is why it sometimes pays to lease. You don’t have to deal with depreciation.
Lexus Champion
Joined: Oct 2019
Posts: 19,434
Likes: 3,660
From: California
Lexus Fanatic
Joined: May 2012
Posts: 67,908
Likes: 3,839
From: Maryland
Lexus Champion
Joined: Oct 2019
Posts: 19,434
Likes: 3,660
From: California
That's not really a concern for me. I plan to keep mine 10 years or more. I'll probably end up giving it away when I'm done with it. Pat is different, he likes changing cars every few years, so it makes complete sense to lease for him
Lead Lap
Joined: Jan 2003
Posts: 4,945
Likes: 497
From: Maryland
Yeah it was a dumb move on my part. At the time Tesla leases were terrible with an interest rate near 6% when I could buy for 1.74%. Plus you can’t buy out Tesla leases and I wasn’t sure what the future held and thought I could be in the same position I am with my X7 where I will likely buy out the lease. Made a somewhat educated decision and lost a bit. I would probably just get another Plaid anyway because I like the car and it’s looks. If I wanted more of a sedan I would lease a Lucid but I don’t want a sedan.
Lexus Fanatic
Joined: May 2012
Posts: 67,908
Likes: 3,839
From: Maryland
But I wouldn’t buy an EV, the resale value is too big a question mark and the technology is moving too fast.
Lead Lap
Joined: Sep 2020
Posts: 3,958
Likes: 409
When I had the 2018 Civic Si, and then bought the IS350, I was always modding them. I still have the old parts sitting in my garage, every now and then my wife asks me when I'm going to get rid of them. As far as the Y is concerned, other than a few cosmetics, I have no desire to mod it. I still have the metal shifter ball sitting in my drawer after changing it to a Carbon Fiber shifter:
