Not everyone gets the same write offs as California does. That makes a significant difference, and probably one of the reasons EVs have half of their fleets in CA.
yup absolutely. I personally donāt like the idea of tax incentives for EVs (or even oil for that matter), but since they exist, Iām going to milk it for all I can.
To add, not even everyone in CA qualifies for the $2500 rebate.
How many miles do you drive a month that it costs you a few hundred a month in gas? I know CA has some steep prices, but thatās a fair amount of driving.
How did you get down to 400/month by saving gas? That would have nothing to do with your 600/mo car payment.
My Camry costs about $60 per tank (Gas prices here range between $3.50 - $4.00/gallon for 87!!). I fill my tank about once a week (maybe slightly less), so yea, Iām being conservative by saying $200/month.
Iām saying if I put the $200/month in savings on gas towards my monthly car payment, then that drops it to $400/month.
But that wouldnāt drop it to 400/mo. If your Camry cost 600/mo to purchase, and you spent 200/mo on gas, your car expense would be 800/mo. So, youāre essentially lowering your car expense from 800/mo to 600/mo. If you spent that extra 200/mo toward your Tesla principal, youād still be paying 800/moā¦just in a different fashion. If you saved that 200/mo insteadā¦your car expense is still 600/mo.
Heās stating that his gas savings would be 200$ a month. Although his payment would remain 600, he would still effectively be saving the 200 by no longer needing gas. Resulting in his ā400ā cost per month in comparison.
That math is wrong though. If Iām shelling out 800/mo for gas and a car payment, thatās 800/mo. Letās assume my paycheck is 800/mo also. If Iām saving 200/mo in gas, my expense is now 600, so I have an extra 200 in my checking account. So I need 600 that month to pay my car expense instead of 800. I then use that 200 gas savings any way I choose, or save it. I donāt have 400 extra in my account just because I save 200 in gasā¦I still have only 200 bucks.
I get what youāre saying (although the way you said it is super confusing). To clarify, Iād be buying a new car and having a car payment or lease payment regardless of what I get. Iām not going to keep my old paid off Camry forever. If I didnāt get a Tesla Model 3, Iād likely get something equivalent but gas powered. I originally responded to your comment saying āThat cost less than the EV initially, even while paying for that expensive gas and oil, with more capabilitiesā, and I was indicating that in the end, no I wouldnāt necessarily be paying more for an ICE car when rolling in the cost of gas. I hope that makes sense.
Ok, letās try it this wayā¦
800.00 - Paycheck
600.00 - Car payment
200.00 - Gas
0.00 = Balance remaining.
Now, with an EV:
800.00 - Paycheck
600.00 - Car Payment
0.00 - Gas
200.00 = Balance Remaining.
Note, youāre not really truly saving 200.00, as you will have some electric costs associated here, but Iāll keep it simple
So, your payment will be ~600/mo based on what you said. Letās assume this was an ICE and you were paying 200/mo on your gas. Youād be paying 800/mo. Since itās not an ICE, you save that 200 bucks, but youāre still paying 600. Youāre not dropping your expense to 400/mo by saving gas.
It will take time, but yes, you will eventually, in the long run, save money on oil changes, maintenance and gas than a comparable ICE. You have the advantage of tax incentives to help speed that process up.
Noteā¦rereading your quoteā¦maybe I misunderstood what you were saying. Maybe you were saying that a comparable 3 series was 400/mo, NOT that your expense was 400/mo.
Obviously Iām talking about saving money on the total cost of ownership and not just the car. Even if I got a BMW for 400/month, Iād still be ahead.
Ok, I realized I misread what you were sayingā¦you were saying a comparable 3 series was 400/mo, NOT that your expense was now 400 month.
Polish moment.
Is there a delivery date generated at that point?
3-6 weeks. Itās been almost 2 weeks already, so I should be getting it by early April at the latest.
Congrats. Please post pic of imminent human-to-car coitus.
Thanks! Itāll be a platonic but extremely loving relationship
Did you see loberantās BMW 3 series deals lol. 36% off MSRP? Time to reconsider Model 3?
Man. Iād be all over that, but my order is pretty much a done deal. I already have 3500 into it.
get one for your father in law (the 3 series)
Eh. He still wants a suv for whatever crazy reason. Dunno if I can talk him out of it at this point.