Doesn’t matter what it’s worth, it’s still better than being murdered while waiting for the bus.
First Half California all-electric EV sales update
- Thread starter Snagglefoot
- Start date
You said it was "affordable". That infers the average worker can buy it. 37 cents a mile is not affordable.
Possibly EV's are less than they have been historically, but still not affordable, given California wants everyone in an EV at some point.
As for $50K cars, I think @The Critic just bought a RX350H for not much more than $50K. I don't think it counts as a penalty box
. If you want to spend your money on an EV thats great - its a wonderful country. Just not "affordable" by common standards, nor are very many people driving around in a new Lexus.
Uh, I haven't read the whole thread, but where did that come from?
I was contrasting with the 37 cents per mile I was offered for a 10k/mi lease on an ID.4 S model with nothing out of pocket other than the first month's lease payment.
You can avoid getting murdered at the bus stop driving a 2004 Honda Accord, like my stepson has. He sold off his 2018 Ecoboost Mustang that he bought new, to get this 20 year old Accord. But I thought this thread was about EV sales?
Can you lease an RX350H for $333 a month with Tier 1 credit and only the trade out of pocket? If so I will go to the Lexus dealer right now and pick it up for my wife since it will make her friends oooh and ahhh, and at which point I'll drive the Mach-E. Actually her friends already ooh and ahh over her Mach-E, but anyway.You said it was "affordable". That infers the average worker can buy it. 37 cents a mile is not affordable.
Possibly EV's are less than they have been historically, but still not affordable, given California wants everyone in an EV at some point.
As for $50K cars, I think @The Critic just bought a RX350H for not much more than $50K. I don't think it counts as a penalty box
If you want to spend your money on an EV thats great - its a wonderful country. Just not "affordable" by common standards.
I doubt that's it's the case you can lease an RX of any type for that low of a price, so anyway.
I only disagreed with your assertion that 37 cents a mile was affordable. Its not.
This is the "California is supposed to be 35% EV's by 2026" thread. Its not the where to get the best deal on a $50K car because I can afford it and am not driving a camry thread.
Then what is an "affordable" cost for car procurement? Affordable for whom, exactly? 50th percentile income level? And how do you wrap up other costs in that number? e.g., maintenance, fuel, etc?
I can't afford to purchase a $49K car, but if they offer to lease me one at a much lower number and it's an acceptable amount of mileage and the monthly payment fits in my budget, why the hyper focus on cost per mile? We don't all drive the same amount of miles. Cost per mile is much less relevant to me than for someone who drives 25,000 miles a year. I drive my Navigator less than 7500 miles a year.
[edit] It's not affordable for (you? a hypothetical CA resident?) at the amount of miles you/they drive, is what I'm hearing. It's affordable for me, at the amount of miles I drive.
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This is thread is about California wanting EV's to be mainstream.
Federal mileage rate is $0.655 per mile, of which $0.28 is attributable to depreciation. That is the "average". Given that number, $0.37 per mile is expensive - not "affordable" as you infer. Just because I personally can pay some amount for something doesn't make it affordable for the masses..
If it works for you, enjoy your car. But its clearly not working for California's initiative - hence the article.
EVs continue, slowly, to take market share. As the industry matures, prices could lower (if manufacturers want to offer them that way) and charging infrastructure grows (apartments and condos, shopping centers, etc) I believe people will migrate to the EV efficient ownership experience. I sure have. I doubt I will ever buy another pure ICE vehicle again, pickup trucks excluded!
Since your calculating down to the nearest cents an in 37 cents, also calculate in the insurance cost which is easy to do.
Wife and I really like the ID4, granted we feel that way about Euro cars as it is.
My son who works for BMW here in SC I think is in line for an i4 e40 later this year through the employee lease program. His job allows about two new BMWs a year... he is a car guy for sure. He also owns an x5
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As far as insurance goes, I'm definitely seeing an increase in EV rates here now. Everything has went up, but the Model 3 was a bigger increase and the Model 3 Performance ends up being $200 a year more than the standard car, and $400 more than the GTI.
It ends up being a wash on what's cheaper for me at this point with those changes, but that's still comparing it to a 6 year old car. I still say it does no good unless you're shopping for replacement specifically and the EV is the lower cost per mile with similar purchase costs otherwise. My comparison has always been Model 3 Performance and Golf R. The insurance is a bit cheaper on the Golf R, they cost out the door less than $1000 difference and of course all operating costs on the VW are higher.
Though at the end of the day I'm not sure how much weight I actually put on cost per mile. I like a lower number, but if that was the case I wouldn't be looking at the top of the line version of the cars I'm considering.
When I traded in the 2018 Mid Range RWD Model 3 for the M3P, my insurance went down. Go figure...
Colorado already has way too many Tesla owners. California can keep them.
Your posts are always informative and honest.
I have figured that EV rates will climb as claims start rolling in after all we're still in an infancy.
With that said we all pay for things that we enjoy and I'm the last one on planet earth who cares about cost per mile versus the experience of driving the car that I want.
The only time I bring up insurance cost is when some calculate cost per mile versus gasoline. I'm not one of those people who care but it's a valid piece of data that should be entered into the equation for those that do.
It is true. I posted in here many times that gasoline in my area is cheap and I could care less about the cost and yet even though I’m not buying gasoline for an electric vehicle for some reason, the cost of insurance will bother me and I’m not sure why, maybe because it’s paid out at one time and I find it irritating ?? LOL
It’s all good though, it really is a wash. I just think all these decades of watching and holding down the cost I pay for insurance is a bigger hump to get over but I pay for gasoline.
Chances are we’re not doing anything this year and we have no reason to replace my wife’s second car. I’m thinking it might be a trailblazer. She is a petite girl and wants to be higher off the road, but not something too big to manage driving around locally.
And she thinks the trailblazer is cute, she liked the bolts a lot too, likes the larger size of the trailblazer and there really isn’t anything in the EV world right now that has that in that price range. It would be cool if GM surprises us with a bolt similar in size to the trailblazer I think at that point it would be a no-brainer.
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From reading Teslas "in house insurance " that is a California only thing hasn't saved drivers anything. In fact it was not rated well when it came to customer service, ease of use, how quickly repairs were taken care of, and price. Tesla will have to stop with randomly changing parts in the name of "improvement" as this is creating a mess with parts logs, and holding onto multiple repair parts for the same vehicle.
^^^ PS with all this AI talk. I still think Apple speech to text sucks
I wouldn't bother with them for insurance. If it's anything like dealing with their customer service you won't get much done. I still personally know my State Farm agent and just swing by the office to expedite things if something happens. I also don't like Tesla tracking driver scores for rates. If I want to put the pedal down I don't feel it's any of their business when it comes to pricing my insurance. I've never had an at fault accident. Most times I was not moving in a parking lot or just stopped at a stop light.
There are a few shifts based age of vehicle. So many variables though. My GTI is more expensive than the F150 was for me, but parts were plentiful and most of the time cheap for the F150 aside from the higher end truck's headlight and taillight LED housings. As far as a 2018 to a brand new Tesla, the 2018 is more likely to total in an accident due to value but it's only my assumption that it's one of the factors. I'm sure the calculations aren't the same company to company either.
And all fine as long as the buyer understands the purchase price. Sometimes the price itself gets jacked when the great financing is offered.
Nah, just ban politicians and bureaucrats