@@LuckyAeon why is it not a luxury car? What kind of features is it lacking? Personally, The fact that Tesla has the best sound system, driver assistance, deceits are comfortable and leather, everything is heated and cooled, And honestly the self-driving features are a luxury to me.
I must say that this has been the most comprehensive detailed video I seen on UA-cam about how much it might cost to own a Tesla. Most of the videos on UA-cam, just cover the great tech features of the Tesla vehicles and minimum or nothing on costs that an owner might incurred overtime. A few others that do cover costs are only about how much they have saved on gasoline versus charging costs. Thus, very much appreciate the in-depth detailed of your video, very well thought out and excellent presentation! I am currently in the market looking to purchase a vehicle. I test drove multiple vehicles, like the 2023 Toyota Crown Limited Hybrid AWD, 2023 Lexus RX 350h Premium+ AWD, and the 2023 Tesla Model Y Long Range. The Model Y of course has power power, and better technology, but the Crown and the RX have a better suspension and for that matter the ride is much smoother. Also, the cabin of the RX is quieter than the Mode Y. I also looked into the insurance cost of the three vehicles referenced above and got quotes from my insurance company. The six month premium cost between the RX and the Crown was 11 dollars and for the Model Y, it was $111 dollars higher than the Lexus RX. This seems to be in alignment with what you covered in your video, it would cost a lot more to repair a Model Y in case of accident. If I were to purchase a Tesla vehicle, I would not have it insured by Tesla, as I have other insurance policies that I have bundled with my existing auto insurance and I get better premium cost by bundling my other policies. Thanks again, for such constructive and informative video, I will definitely taken all of this into account when making my purchasing decision.
I am looking into getting a vehicle a well. I love the 2024 RX350 Premium +. I'm also looking at the model Y. All of the youtubers that I have watched have taken their cars to a tesla service center numerous times, for weird noises, broken parts, error message, battery issues etc. They all tell you it was under warranty. I haven't had any ICE with issues during the warranty period and even after the warranty expires, I only had minor things like alternators. The fact that Tesla cars have issues even before the warranty expires tells me that post warranty there's a high chance of having expensive repairs.
We had a huge accident in December with our MY. The passenger side was damaged and the rear driver side tire was bent out. The repair estimate was about $45K and my insurance company totaled it.
What happened after it was totaled? Did you have to pay extra $$$ out of pocket to get a new replacement MY? That’s what I worry with insurance. If they total my car, they better replace it at little or no extra cost to me…
@@HypocritesExposd unfortunately that’s not how insurance works unless you buy a “replacement value” (or similar) policy rider. The whole idea of insurance is to keep the policy owner from going broke…not necessarily to make you “whole” or equal to before.
@@awash7156 I mean I get that they can’t replace it with a new car, but the fact that if someone hits you, was their fault, totals your car, and then you have to pay extra just to get a car that’s almost as good as the one wrecked… that really bothers me.
When my moms 2007 v8 volvo xc90 was rear ended in 2014, it took well over a month to get the car back and the damage was around 13k but it looked super minor on the outside. Body shops charge way more money when insurance is involved vs when you pay out of pocket. Ive gone in to a few local shops to ask for quotes on small stuff and they always ask “is this going through insurance or is it cash”
I was just hit in my model 3 and the EARLIEST I can have a tesla certified shop look at the damage is not until August 23rd! I was hit on the 31st of May. I was told wait times were abnormally high for all repair wait times, but Teslas were longer than ICE vehicles.
I am shocked by the cost of insurance in the US. We got quotes for a Tesla M3 RWD here in Europe (Spain) and were given prices around 330 to 380 Euros per year for full coverage.
European driving tests are much harder. Most Americans would not pass a driving test in Europe. In fact, the driving standards in Europe are even stricter than commercial driving standards here, including the car inspections. Even your car inspections are more strict about the condition of the vehicle than commercial passenger vehicles are here... Insurance is higher because people crash more and get into words accidents and bump into each other all the time and our cars get dinged up everywhere with Nick's in scratches everywhere
I have a 2017 Ford Escape (65k miles) and I paid $1500 for an 8 year premium warranty, $500 for 4 new tires, a couple $100 deductibles for a hitch problem; approximately $250 for oil changes; $600 for new rear brakes and shocks installed by a mobile mechanic; and $150 for a new battery installed at Walmart for a total of $2950 over 6 years. Seems to me that my maintenance costs have been less than a Tesla would be.
Costs vary drastically, here for comparison are some of my costs, I hope it's helpful. My 2017 MS 75 RWD insurance cost, with a $500 deductible is less than $700 yearly. I use Erie Insurance. I'm probably older than most of the commenters here, live in PA and have a pretty clean driving record. In September my car will be 6 years old and have approximately 80k miles on it. I'm on my second set of tires and I've only replaced the accessory battery out of warranty. I did upgrade the MCU, added HW3 and now have a CCS enabled battery charge control board, but those are not repairs. Battery has only degraded 5 miles. My Tesla tech informs me that Tesla will only sell me a 90-kw pack, they don't make the MS 75 anymore. I will have to pay to unlock the additional 15 kw or, carry the extra battery weight around. So, some of us will have additional battery replacement costs. Thanks for the YT post, Ryan!
A not often talked about benefit to EV battery replacements is that sometimes the replacement battery has more capacity than the original! Nissan Leaf's and Bolt EV's are getting more range than when they were brand new after getting their replacement packs. The same could be true for The Model 3/Y's. The new 2023 models have slightly more capacity, so when older models get their replacements, they may also get that capacity increase. My 2017 Bolt EV originally had a 60kWh pack but its replacement battery is 65kWh.
Passenger door was backed into on my 2013 Model S (180k mi with original battery). Took the body shop 3mo and $3100 to repair, they kept getting revised doors from Tesla with no instructions on how to retrofit for a 2013. Eventually they did an attempt to remove the dent from the damaged aluminum door and succeeded.
I drive a 12 year old Mercedes. I was recently quoted $1200 each for two rear taillight assemblies, and there are no 3rd party parts manufacturers. A fair repair cost comparison would be with other luxury level cars, not against average cars.
I don't know what condition your Mercedes is in, but from my experience it's time to get rid of it. Unless you live in Europe, you do not want an old Mercedes. When they start getting old they are money pits.
The average new car price is between $45k-$50k. The Tesla Model 3 and Y can fall right in that range. So by that metric, they are perfectly comparable to the average. Also comparing a 4 year Model 3 repairs to a 12 year old Mercedes is hysterical. The only comparison I see to your car is that Tesla is also notably low on its repair parts inventory that once the Model 3 is 12 years old, I would guess that quote would be the same.
Here is an idea. Tesla should charge just a little bit more money for the car and give a 200,000 mile battery replacement warranty. This will put a lot more customers minds at ease and ultimately sell more cars.
problem is not warranty. Problem is when you damage body panels even in small accident can cause $10k and more in repairs with tesla and long wait for repair. Mercedes s class takes faster and cheaper to repair panels and paint. I just had my model y damaged while parked rear quarter panel and bumpe is $18k repair and my appointmenmt month away and will take another month to repair. Its insane. My first and last tesla. Im going with another ev with tarditional manufacturers. Soon you wont be able to insure tesla
On the second day of owning my Model X, I cracked the rear wheel trim backing it into the garage. I have a Tesla certified repair shop in my small town. They looked at it and had the part within a week. Total cost parts and labor was $120. Also, I found Progressive to be lower cost than Tesla insurance in Virginia.
Not trying to pry for info too much but I live in VA as well and progressive did not give a friendly rate. State Farm actually gave me the best rate. What part of VA are you from?
Great video as always Ryan! My thought on a few things. Insurance costs should be compared to similar vehicles like the BMW 3 or Mercedes C. When my sons was being added to my insurance, I actually benefited from getting rid of my BMW 8 coupe and 240xi couple and replaced them with a model 3 dual motor and an Accord 2.0. My insurance actually went down about $80/month (and my car payment cut in half LOL). I have owned multiple BMWs with M packages and my tires would need replacement at around 18k miles no matter how responsibly I would drive (will of course corner a little harder than if you're driving a Camry :)) and the tires were about the same price as my Model 3's would be. I have about 14k miles and the tires are at about 65% with occasional bursts of 0 to 60 in 4.2 seconds (the fastest car I have owned). LOL Also, premium gas is much higher so when comparing a model 3 or Y, it is unfair to compare it to vehicle that take regular gas like the civic or corolla or even an accord or Camry. If you're on a 25k budget and looking at a Model 3 to save money in the long run, you probably will not. But for people looking to spend 50k on a premium model, a model 3 or Y is a no brainer. Time savings should also be considered since the Accord has gone in for an oil change 3 times with a total cost of just over $200 and at least 9 hours wasted not to even count the time and money spent at the gas station.
Lots of apples to oranges comparisons being made in the industry. Tesla should be compared to a luxury sport vehicle. That being said, I am not looking forward to an out-of-warranty, out-of-insurance repair bill. 😢
You missed that the gigacast parts are what makes repair impossible or very difficult. That and the high replacement rental car cost as you wait months for spare parts are what makes insurance sky high.
I keep being told tesls's go through tires fast because they weigh so much and have more torque.. my brothers mustang weighs more than my tesla and has more torque, and a pretty flat torque curve and it doesnt eat its tires alive. I have a sneaking suspicion people are always accelerating a lot more then they would in another car because its so easy to do. I do this.. even when I am taking it easy I still out accelerate everyone from a light or goosing it on the hwy to grab some speed. ITs effortless in a tesla and because there is no engine noise it just doesnt feel like you are putting the tires under so much load.
My Toyota Prius was 11k at 115,000 miles. I get 50 miles per gallon of gas (approx ($2.60 per gallon). I have had no repairs on it. I have only replaced the break pads and changed the oil after putting 15k miles on it myself.
Interesting video. I was once rear ended in my 2016 Cadillac ELR with the Sports Package. The accident was more like your first crash. That also cost 8K to fix. As for Battery, my 2016 Model X Battery is still going strong with 92% battery capacity. But when I reach 8 or 10 years and if the battery goes out, I think I'll rather spend the 13k to 15k on a new battery and get the latest range, rather then spend another 100k on a new Model X...
The biggest problem with Li-Ion batteries they age and degrade not only with use but with time as well. So you won’t save much by not driving a vehicle heavily as the battery will still degrade.
I dont know how you avoid maintenance costs. Each 35k miles I have to do suspension overhaul to be able to align the wheels. Cost me 1850USD. The first overhaul was covered under warranty. This car eat suspension joints for breakfast like a VW or Audi. Makes me seriously consider going back to a ICE Honda car. 99.9% of my mileage is on public roads
Tesla has always had quick turnaround times anytime our Model S was brought in for scheduled service. All service that requires more than same day service included either a Tesla loaner, or daily Uber credits. All but two service appointments required less than 3 days. I live in California, so perhaps it’s easier to get service scheduled and completed quickly here than in some other states. I imagine though that as more and more Teslas are sold, wait times are expected to increase if service centers aren’t being opened in proportion. Also, we’ve never needed collision repair, so no experience in this particular area, but completely understand that generally requires much more time.
if you in nevada, the base rate for the 18000-21000 annual mileage range at 90% is $152 monthly. at 97 score drops below $108 a month, as high as 100 score $93 a month. every other insurance company in las vegas wanted at least $3000-4000 annually. USAA was the only one that said $175 to 230 monthly depending on your extras. This was all based on a 2023 model 3 SR in april 2023 when examining insurance prices. for comparison, my 2022 tuscon hybrid was $180 a month for full coverage. oddlty, when it it was totalled out, the right front taking the hit and no airbag deployed was $19000 on the actual repair, but they were missing sensors that were torn off the car and the actual estimate to repair was $23000 range...car new was $31k. to dig deeper into insurance, the KIA EV6 on my same policy with progressive was only about $375 more for a 6 month period when i inquired for that vehicle. tesla was nearly DOUBLE. meanwhile both the M3 and EV6 cost about the same at that time i checked both out side by side. I think EV insurance is mostly due to battery, but i also think theres the "tesla tax" factor too.
Just drove a rented Model Y from San Diego to Austin Texas and back plus some local driving. 3,400 total miles in eleven days. I set the auto pilot at the speed limits and followed the navigator’s routing for charger selection and amount of energy needed to continue. I paid 10-1/2 cents per mile using Superchargers at 32-40 cents per kilowatt. The problem is, gas is $1-2.50 cheaper outside of CA. Even at 27mpg, my old E320 would have cost less for fuel on this trip. The Y was a great overall experience and I may buy one someday, but not because it’s cheap to run.
for other car brands, you may find spare parts that are manufactured by another manufacturer, for example those that only manufacture spare parts for cars. And they can also be cheaper than original parts
Somebody hit and run swipe my car while parked (camera did not turned on). They have to replace left fender, front bumper and left headlights. Total came up to $4,413. The headlight alone was over $1,000 and the insurance only covered $730 for a used one. I ended paying the difference to get a new one.
Very inaccurate about Cali charging cost. At current price of gasoline, $4.99 for 91 at Costco, cost per mile on EV is about 50% higher than comparable gasoline car. At $6.5 or so per gallon, cost per mile is about equal. Pge in Cali charge $0.55/kWh. And don’t forget L2 charging has about 16% charging lost. This is my personal experience of owning EV.
I would like if you can take a look sometime at the higher than average failure rate of 2021s model 3 batteries. Mine failed at 46k miles and I saw on Reddit many people with even lower mileage having the same issue with even lower miles. It feels like there was a problem in that model year but I don’t think it has been pinpointed yet.
Would’ve been nice to see the Tesla insurance annual costs as you provided values for other insurers. Major oversight. I’ve found my insurance to have gone up by 50% but again, that’s against a Toyota Corolla, NOT an equivalent luxury car.
You might want to tell viewers that the DOE has a web site comparing total cost of ownership between different makes and models. It can be fine tuned for type of driving and mileage, your electricity and gasoline prices and state you live in. The comparisons show BEVs are only cheaper than hybrids if you drive a lot of miles like >15,000/yr.
You should be comparing BEV to hybrids. Conventional ICEV aren’t designed to be that efficient. Every time I look at the DOE cost of ownership calculator hybrids are considerably cheaper than BEV. Toyota hybrid warranties are considerably better as well. 150,000 miles and 10 years on the battery, 100,000 miles and 8 years for EV drive components. Tesla’s giga castings makes major repairs on a Teslas basically impossible.
My entire decision to buy Tesla came to two things- High Insurance Cost and High Repair cost. All Gas savings is being lost in Insurance. Other Gas/ hybrid car maintenance savings is being lost in frequent tire repairs of Tesla. For Average 10- 12k mile a year driving you don’t save much by buying Tesla. Only high mileage drivers Tesla saves a lot.
Be interesting to compare Tesla collision repair costs to similar competitors like Mach e, etc. Teslas have high salvage value and long term rental cars cost a fortune. They sit in shops for weeks and months. There is the probability of additional damage being uncovered and more parts being needed and so the astute claims adjuster will just total it out.
I would be a little wary of purchasing insurance from Tesla......a company that constantly touts their Model 3 Performance 0-60 time of 3.1 seconds, then tells me they will adjust my insurance based on recorded driving metrics. Does anyone with Tesla insurance know........would charges be increased for fast acceleration if speed limits, etc.... were not broken? Seems like a waste to pay extra for performance if you get punished for using it.
nope acceleration doesn't count against you, but hard braking and cornering does. But the hits to the point score are minor. Also hits to the point score for going over 100mph (if you have TI version 2.0)
@@saultknutz1166 Thank you for answering my question. I just drove a 2023 Model Y Performance for 4 days to see if I should buy one.......and I was very impressed. Through some research I did see that, although the car has an amazing safety rating, insurance is quite high. I was worried that Tesla might "nickel and dime" you with their monitored insurance plan. Have been holding out to see what the new Model 3 looks like.
What about offering two options? a. Battery core (i.e. give $4k credit for the customers battery pack, since they can extract/recover all of the materials). And b. similar to cell phone trade ins, trade in your car, and the manufacture will 'refurbish' the car and resell it as refurbished.
2 hints: 1. If your battery is written off, don't straight away go and buy a new battery. Instead do a search for one of the new places that repair ev batteries. 2. If you get a high quote for panel damage then go to someone who can do Paintless Dent Repair so they don't need to buy so many new panels.
Ryan - my experience is that ICE cars are so much more expensive to maintain. Oil changes, air filters, belt replacements, transmission, coolant leaks, fuel pumps, injectors, O2 sensors, EXHAUST SYSTEMS... I mean really its ludicrous. I had a 8YO Mercedes ML350 diesel that blew its blu-def injector and fried the entire catalytic and muffler system. $13,000 replacement quote from MB USA for a $17,000 valued vehicle with less than 100K miles. On my 2016 BMW i3-REX with 31K miles I still have some of those maintenance items but, all in, my maintenance has been less than $1600 to date. I nearly spent that on my yearly service A for the Mercedes. Keep up the good work on the channel. 👍👍
I spend about $20 a month here in Fl charging my Bolt at home. My electric utility rebates me $10 a month for charging off peak so in reality I spend about $10 a month for “ fuel” unless we go far enough from home that we need to dcfc which is rare
Why do people call Teslas “luxury” cars? The S & X are, but the 3 and Y most certainly are not. Up until this year, their absurdly high prices put them in the luxury category, even though the vehicles themselves fall way short, but now the prices aren’t even in the luxury range, so why do people keep mis-labeling them as “luxury”? I don’t get it.
If you think Teslas are expensive in collision repairs, you need to check out Rivian repair costs. They make Tesla repairs look like a bargain. Saw a recent article of a light impact rear bump and Rivian asked for $42k to repair.
I have a 2014 Model S with 108,000 miles. Free Tesla chargers at work. Two sets of tires. 1200$ each. Touch screen n instrument cluster bubbled, covered under warranty. 20k battery replacement covered under warranty by caravana. Woohooo.
An electrician giving me a quote on a Wall Connector install says he was quoted $31,000 for a battery replacement on his Model S that will only give 79 miles of range. He has talked to Electrified Garage and Gruber Motor Co and Tesla. Electrified garage won't work on his and Gruber wants him to ship his S to Arizona for repairs. I do not know why Tesla wants so much.
Been watching your content for a year and this is by far the best video on this topic you’ve done. I talk with many about this topic as more people consider a Tesla and this is a super fair and balanced look at the cons of a Tesla. I love my 2022 model Y performance and have convinced 4 friends to buy one
Love my 2021 Y performance but I had to switch to Gemini wheels with all season continental tires because my back tires would only last 22,000 miles costing me 1,050 bucks to replace them 😮. Now I have tires that will last much longer and way cheaper to replace 😊
I'm in the UK and have a 2022 MYLR. Insurance costs have rocketed here as well- typically averaging about £1200/yr ($1500) Some younger drivers are finding difficulty obtaining any insurance at all and in the UK a minimum of "third-party" cover is mandatory. I think another factor affects Tesla insurance. The Model Y is rated as the safest car in Europe and USA. IMHO some of this is that the design prioritizes the safety of the occupants and other road users which means the car "sacrifices itself" to achieve this, resulting in greater car damage but undamaged humans!
When insurance is covering costs except for premiums and deductibles, what’s the point? FWIW back when Japanese cars appeared in the US costs were equally very high… it will come down. In fact, if the open manufacturing process is employed, it may have the side benefit of easier repairs for major damage. As for batteries, look up costs for a new engine with labor for an average car… if you were so unlucky as to need a full pack replacement it’s about the same.
08:07 OMG i had the same shit happened to my Model Y performance with the midnight wrap. In the same area too, back driver quarterpanel. Damage looks damn near identical. Smh cost about the same.
It might be interesting to know what the equivalent would cost on other electric car brands. Is the disadvantage of electric cars that you cannot repair anything yourself?
A small crack in my front bumper due to a truck tire piece hitting it is currently at $3,500 + two weeks of car rental. Thankful their insurance company covered all of it. It also takes a long time for parts to arrive before taking the car into the shop. Almost a month for parts and two weeks at the shop. Also, a tip on tire replacement costs. I go to a discount tire (no, I don't work for them) and pay for the tire warranty on a good set . When it's time to replace them, the warranty covered the difference of the actual mileage vs. the tread life estimate. I make sure to rotate them every 6K miles, and last time I received almost a $500 credit to replace all 4 tires. The extra benefit is getting the lifetime replacement if a tire is damaged due to road hazards (pot holes, nails, etc.). With my long commute to work, it's worth it to me.
Great video. You forgot to include a couple of places that test and then replace bad cells in a battery pack without replacing the whole battery pack - Gruber Motors and Rich Rebuilds. Gruber charged only $7,000 in one such case in a video.
About Tesla insurance. I’d like to see Tesla offer a HUGE insurance discount for those who paid $15k for full self driving. Maybe even offer to pay the full insurance cost for say 3 to 5 years. This will be especially important when cars start driving themselves. Why base my insurance premiums on my driving record when I’m essentially a passenger?
Agree......and on a side note - I just on this I can't understand the pricing- Take a base model 3 - US price (non inventory) is $US40,240 - but the enhanced autopilot is $US6,000 and the FSD $US15,000 - the same car in Australia is $A61,300 or $US40,540 equivalent but enhanced autopilot is $A5,000 ($US3,300) and FSD is $A10000 ($US6,600) - what's going on with the US prices for the autopilot upgrades - it's exactly the same software.
The tires would probably wear out less perhaps if there was constant four wheel drive or if the other wheels were activated before any wheel had started spinning. Is maybe like that with track mode on Tesla 3 performance
Do you have any data on how much those damaged Tesla are sold at auction? Likely insurance companies get more money back having them auctioned than paying to have it repaired. Cheaper to ship them to Mexico and have cheaper labor do the repairs. Certain damage doesn't make the car undrivable but cosmetic or minor structure damage. (Little bent)
It's like living in a state with no income tax,they get you to pay one way or another,usually higher property tax. Well Teslas might be cheaper to maintain,but you pay more in insurance and repairs,if and when needed
I got T boned in my model 3 long range a couple weeks ago. Mirror flew off , passenger front tire crushed and part of front bumper damaged , both passenger side doors smashed , windows cracked . Can’t wait to see the cost on that puppy!! Insurance will be getting back to me within the next week.
I’m really questioning all of your driving habits if you have to replace tires 3 times in 100k miles. I have a model Y PERFORMANCE and I am at 4mm out of 8mm new on all 4 tires after 30k miles
with 8k miles a year, these maintenance costs are ridiculously cheap 😂 ik the community has been saying this for *forever* but once sticker price drops its so over for ICE
@@viadharmawheel It's cheaper actually when you consider medical costs, which are more expensive than car repairs. Teslas have some of the highest safety standards for occupants.
The aftermarket is stepping up with the ability to replace the faulty pieces of a battery pack, and I think this will improve a lot in the next few years.
Great video. Well presented with many interesting facts. On insurance I would add that there are lots of ways to save. If you have multiple vehicles and are a homeowner, you can benefit from a bundle. If you are over 50 AARP offers some well priced plans. Of course driving record and where you live will factor as well.
But the range is also important, so if the range of the battery has dropped enough, the car owner may choose to sell the car or order a new battery. the risk is perhaps enough that he chooses to sell the car and buy another car. Because it can be cheaper that way?
I purchased a 2016 Tesla S in 2019 for 40000 . It had only 18000 miles on but it had been in an accident. I held my breath and bought it and its been fine except for an initial accident a few days after I bought it. It did not have air suspension and someone had turned off the warning chimes so when I parked the car and pulled forward it did not full clear the concrete stop strip and it took off the plastic fascia underneath and some related damage. It cost 5000 to repair so I became painfully aware how expensive Teslas can be to fix. I am very scrupulous in protecting it after thant. As far as the first accident went, there was some damage to the panels and I speculate that it bought at a salvage auction and fixed up as I got it from Off Lease Only which is a bottom fisher. I was lucky as I know cars and I could see it tracked straight and true which was the bottom line. And the repairs we done OK. In the future I would never do this. And always get a car fax. Never buy a car without it. Do I love my Tesla S, absolutely. It put the fun back in driving and I have a home charger which is a god send. It a technological marvel and its updated all the time via the net. So many new things added. Its so good, we just got a new Model Y LR and my wife absolutely loves it. But they are expensive to repair and maintain. You just cant get the front end aligned. Either you bring it to Tesla who has the right equipment or a Tesla certified repair shop like Electrified Garage. PS you must buy jackpads before its put on a lift or you are courting disaster after it gets jacked up. I dont bring my S to a car wash. Teslas are prima donnas and dont do well in them. I was it myself. So keep all this in mind.
I do not know where you got the cost of EV vs Gas but it was not in California. My household electricity cost ranges between $0.35 and $0.45/KWh. My 2013 Chevy Volt gets about 36 miles on a 12kW charge, so, using $0.4/kWh is 12x0.4=$4.80; that's a higher amount than local regular gas at ~$4.50/36 miles. I know that a lot of people think their electricity is $0.10/kWh but where can you buy electricity for that cost?
Sad that my 2019 Model 3 LR had a minor accident and most of the car looks undamaged except below where it hit a bit harder. Shockingly the repair cost was almost $28k and deemed total loss by the Tesla certified collision repair shop (I'm not sure if Tesla Collision repair would have made any difference). The airbag did not deploy and the car was drivable but it was written off as total loss for salvage. Shocking really. I'm really saddened by this given the sentimental value I held for the vehicle and having invested in Tesla decently early on and driven it nearing 5y. Not even that many miles on it - sub 25k miles and repair cost was absolutely bonkers given what looked like not all that bad damage. Anyways, it is what it is. Now, I'm not sure when I will buy a new Tesla again but in future I will still like to buy a Tesla.
13 years ago I remember my ZO6 rear tires used to cost $526 each. They lasted around 15,000 miles. I saved a little money the second year on tires the second year as the 7 litter LT7 spun a main bearing and I couldn’t drive the car for about 4 1/2 months while the engine was replaced under warranty. Five years before that I married my soon to be ex-wife who had an old five-year-old BMW that needed an engine replacement that cost $13,000. So in this case of battery pack doesn’t sound that expensive.
Insurance costs include getting the injured parties healthy again as well as the cost to repair the vehicle. I don’t have data, but I would guess that occupants of a Tesla with the avoidance/accident mitigation technology will fair better than others. How many accidents are avoided because of these technologies as well. Further, IF they can get the FSD working then the number of vehicles damaged should be reduced again saving the insurance companies more money (which probably won’t quickly translate to cheaper insurance rates)
@ 4:56 you stated that Tesla states their vehicles are luxury vehicles and that leads to high costs of repairs and thats untrue. In every 10k and 10q that Tesla has filed with the SEC the opening line states Tesla builds and sells High Performance EV's...Luxury isnt in the description so thats actually false advertising for Tesla. Another thing you left out what makes getting Teslas repaired is where theyre made as all Teslas are built slightly different and they use the vin # to know all of the parts that were put into that particular vehicle also the revised parts put on it to get the panel fitments correct etc and sometimes they have to have panels/parts made up on a 3d printer and that takes time to stop production to put into the rotation..
The battery cost is really unnecessary if it is a single battery cell that is the reason for the error. there are those who choose to bypass the individual battery cell instead. It will simply be much cheaper
7:09 this insurance info is simply incorrect. Several reasons why. Bottom line is that the implication that they can repair it but choose not to is fundamentally wrong. 1) they always have to make those choices, EV or ICE. 2) sometimes state laws require totaling it out at a % lower than 100%, 3) actual repairability is an issue. 40k in damages is highly likely to be closer to 50k once everything is disassembled and better assessed.
Those repair costs are absurd. Models 3 and Y are not luxury cars, they are premium cars. They are also mass produced. If parts are in short supply, that is because Tesla has decided not to set a sufficient amount of parts aside for repairs. Those labor hours seem too high to me as well. Almost 130 hours total labor for a rear end? Why would body work on a Model Y take so much more labor than a Camry? Something doesn't smell right.
The Tesla labor cost are absolutely insane!
In a nutshell, They don’t need that much maintenance, but when they need repairs, they will be expensive
Any luxury vehicle one way or another you will pay prime :(
True except Tesla isn’t a luxury car. Much less the 3 or Y. Premium car yes but not at all luxury.
Still cost less than equivalent Mercedes and BMW...
@@LuckyAeon why is it not a luxury car? What kind of features is it lacking?
Personally, The fact that Tesla has the best sound system, driver assistance, deceits are comfortable and leather, everything is heated and cooled, And honestly the self-driving features are a luxury to me.
@@LuckyAeon that's true but still call them like that.
I must say that this has been the most comprehensive detailed video I seen on UA-cam about how much it might cost to own a Tesla. Most of the videos on UA-cam, just cover the great tech features of the Tesla vehicles and minimum or nothing on costs that an owner might incurred overtime. A few others that do cover costs are only about how much they have saved on gasoline versus charging costs. Thus, very much appreciate the in-depth detailed of your video, very well thought out and excellent presentation!
I am currently in the market looking to purchase a vehicle. I test drove multiple vehicles, like the 2023 Toyota Crown Limited Hybrid AWD, 2023 Lexus RX 350h Premium+ AWD, and the 2023 Tesla Model Y Long Range. The Model Y of course has power power, and better technology, but the Crown and the RX have a better suspension and for that matter the ride is much smoother. Also, the cabin of the RX is quieter than the Mode Y.
I also looked into the insurance cost of the three vehicles referenced above and got quotes from my insurance company. The six month premium cost between the RX and the Crown was 11 dollars and for the Model Y, it was $111 dollars higher than the Lexus RX. This seems to be in alignment with what you covered in your video, it would cost a lot more to repair a Model Y in case of accident. If I were to purchase a Tesla vehicle, I would not have it insured by Tesla, as I have other insurance policies that I have bundled with my existing auto insurance and I get better premium cost by bundling my other policies.
Thanks again, for such constructive and informative video, I will definitely taken all of this into account when making my purchasing decision.
My insurance policy bundled with my house and contents, was only 50% of Tesla Insurance!
I am looking into getting a vehicle a well. I love the 2024 RX350 Premium +. I'm also looking at the model Y.
All of the youtubers that I have watched have taken their cars to a tesla service center numerous times, for weird noises, broken parts, error message, battery issues etc. They all tell you it was under warranty.
I haven't had any ICE with issues during the warranty period and even after the warranty expires, I only had minor things like alternators. The fact that Tesla cars have issues even before the warranty expires tells me that post warranty there's a high chance of having expensive repairs.
We had a huge accident in December with our MY. The passenger side was damaged and the rear driver side tire was bent out. The repair estimate was about $45K and my insurance company totaled it.
That was makes these “green energy” cars special, one bent on the frame and you total the whole car.
What happened after it was totaled? Did you have to pay extra $$$ out of pocket to get a new replacement MY? That’s what I worry with insurance. If they total my car, they better replace it at little or no extra cost to me…
@@HypocritesExposd unfortunately that’s not how insurance works unless you buy a “replacement value” (or similar) policy rider. The whole idea of insurance is to keep the policy owner from going broke…not necessarily to make you “whole” or equal to before.
@@awash7156 I mean I get that they can’t replace it with a new car, but the fact that if someone hits you, was their fault, totals your car, and then you have to pay extra just to get a car that’s almost as good as the one wrecked… that really bothers me.
How much does that affect your insurance?
When my moms 2007 v8 volvo xc90 was rear ended in 2014, it took well over a month to get the car back and the damage was around 13k but it looked super minor on the outside. Body shops charge way more money when insurance is involved vs when you pay out of pocket. Ive gone in to a few local shops to ask for quotes on small stuff and they always ask “is this going through insurance or is it cash”
I was just hit in my model 3 and the EARLIEST I can have a tesla certified shop look at the damage is not until August 23rd! I was hit on the 31st of May. I was told wait times were abnormally high for all repair wait times, but Teslas were longer than ICE vehicles.
Wow that’s horrifying. How did it all work out? How’s your Model 3?
I am shocked by the cost of insurance in the US. We got quotes for a Tesla M3 RWD here in Europe (Spain) and were given prices around 330 to 380 Euros per year for full coverage.
In Germany it's around 1000€ per year
European driving tests are much harder. Most Americans would not pass a driving test in Europe. In fact, the driving standards in Europe are even stricter than commercial driving standards here, including the car inspections. Even your car inspections are more strict about the condition of the vehicle than commercial passenger vehicles are here... Insurance is higher because people crash more and get into words accidents and bump into each other all the time and our cars get dinged up everywhere with Nick's in scratches everywhere
I have a 2017 Ford Escape (65k miles) and I paid $1500 for an 8 year premium warranty, $500 for 4 new tires, a couple $100 deductibles for a hitch problem; approximately $250 for oil changes; $600 for new rear brakes and shocks installed by a mobile mechanic; and $150 for a new battery installed at Walmart for a total of $2950 over 6 years. Seems to me that my maintenance costs have been less than a Tesla would be.
Costs vary drastically, here for comparison are some of my costs, I hope it's helpful. My 2017 MS 75 RWD insurance cost, with a $500 deductible is less than $700 yearly. I use Erie Insurance. I'm probably older than most of the commenters here, live in PA and have a pretty clean driving record. In September my car will be 6 years old and have approximately 80k miles on it. I'm on my second set of tires and I've only replaced the accessory battery out of warranty. I did upgrade the MCU, added HW3 and now have a CCS enabled battery charge control board, but those are not repairs. Battery has only degraded 5 miles. My Tesla tech informs me that Tesla will only sell me a 90-kw pack, they don't make the MS 75 anymore. I will have to pay to unlock the additional 15 kw or, carry the extra battery weight around. So, some of us will have additional battery replacement costs.
Thanks for the YT post, Ryan!
A not often talked about benefit to EV battery replacements is that sometimes the replacement battery has more capacity than the original! Nissan Leaf's and Bolt EV's are getting more range than when they were brand new after getting their replacement packs. The same could be true for The Model 3/Y's. The new 2023 models have slightly more capacity, so when older models get their replacements, they may also get that capacity increase.
My 2017 Bolt EV originally had a 60kWh pack but its replacement battery is 65kWh.
Passenger door was backed into on my 2013 Model S (180k mi with original battery). Took the body shop 3mo and $3100 to repair, they kept getting revised doors from Tesla with no instructions on how to retrofit for a 2013. Eventually they did an attempt to remove the dent from the damaged aluminum door and succeeded.
I drive a 12 year old Mercedes. I was recently quoted $1200 each for two rear taillight assemblies, and there are no 3rd party parts manufacturers. A fair repair cost comparison would be with other luxury level cars, not against average cars.
I don't know what condition your Mercedes is in, but from my experience it's time to get rid of it. Unless you live in Europe, you do not want an old Mercedes. When they start getting old they are money pits.
My 2005 old Honda CRV is running strong and repair costs are not bad all due to abundant spare parts.
The average new car price is between $45k-$50k. The Tesla Model 3 and Y can fall right in that range. So by that metric, they are perfectly comparable to the average. Also comparing a 4 year Model 3 repairs to a 12 year old Mercedes is hysterical. The only comparison I see to your car is that Tesla is also notably low on its repair parts inventory that once the Model 3 is 12 years old, I would guess that quote would be the same.
Tesla components have high resale values. At a certain point it makes more sense to part out than to repair.
What model? I don't see how it is $1200 each
Here is an idea. Tesla should charge just a little bit more money for the car and give a 200,000 mile battery replacement warranty. This will put a lot more customers minds at ease and ultimately sell more cars.
problem is not warranty. Problem is when you damage body panels even in small accident can cause $10k and more in repairs with tesla and long wait for repair. Mercedes s class takes faster and cheaper to repair panels and paint. I just had my model y damaged while parked rear quarter panel and bumpe is $18k repair and my appointmenmt month away and will take another month to repair. Its insane. My first and last tesla. Im going with another ev with tarditional manufacturers. Soon you wont be able to insure tesla
On the second day of owning my Model X, I cracked the rear wheel trim backing it into the garage. I have a Tesla certified repair shop in my small town. They looked at it and had the part within a week. Total cost parts and labor was $120. Also, I found Progressive to be lower cost than Tesla insurance in Virginia.
Not trying to pry for info too much but I live in VA as well and progressive did not give a friendly rate. State Farm actually gave me the best rate. What part of VA are you from?
@@WillieBeamen06 I actually switched since to State Farm as well. I'm on the peninsula.
@@STEVEF777 nice I’m in the Hampton roads area.
Great video as always Ryan!
My thought on a few things.
Insurance costs should be compared to similar vehicles like the BMW 3 or Mercedes C. When my sons was being added to my insurance, I actually benefited from getting rid of my BMW 8 coupe and 240xi couple and replaced them with a model 3 dual motor and an Accord 2.0. My insurance actually went down about $80/month (and my car payment cut in half LOL).
I have owned multiple BMWs with M packages and my tires would need replacement at around 18k miles no matter how responsibly I would drive (will of course corner a little harder than if you're driving a Camry :)) and the tires were about the same price as my Model 3's would be. I have about 14k miles and the tires are at about 65% with occasional bursts of 0 to 60 in 4.2 seconds (the fastest car I have owned). LOL
Also, premium gas is much higher so when comparing a model 3 or Y, it is unfair to compare it to vehicle that take regular gas like the civic or corolla or even an accord or Camry. If you're on a 25k budget and looking at a Model 3 to save money in the long run, you probably will not. But for people looking to spend 50k on a premium model, a model 3 or Y is a no brainer.
Time savings should also be considered since the Accord has gone in for an oil change 3 times with a total cost of just over $200 and at least 9 hours wasted not to even count the time and money spent at the gas station.
Very nice breakdown.
Lots of apples to oranges comparisons being made in the industry. Tesla should be compared to a luxury sport vehicle. That being said, I am not looking forward to an out-of-warranty, out-of-insurance repair bill. 😢
Great breakdown, thank you for reminding this.
The Prius is far better than every car mentioned, including the Tesla.
11:25 we have 150k miles on our 9 year old Performance Model S so far and still going strong.
You missed that the gigacast parts are what makes repair impossible or very difficult. That and the high replacement rental car cost as you wait months for spare parts are what makes insurance sky high.
I keep being told tesls's go through tires fast because they weigh so much and have more torque.. my brothers mustang weighs more than my tesla and has more torque, and a pretty flat torque curve and it doesnt eat its tires alive. I have a sneaking suspicion people are always accelerating a lot more then they would in another car because its so easy to do. I do this.. even when I am taking it easy I still out accelerate everyone from a light or goosing it on the hwy to grab some speed. ITs effortless in a tesla and because there is no engine noise it just doesnt feel like you are putting the tires under so much load.
My Toyota Prius was 11k at 115,000 miles. I get 50 miles per gallon of gas (approx ($2.60 per gallon). I have had no repairs on it. I have only replaced the break pads and changed the oil after putting 15k miles on it myself.
Interesting video. I was once rear ended in my 2016 Cadillac ELR with the Sports Package. The accident was more like your first crash. That also cost 8K to fix. As for Battery, my 2016 Model X Battery is still going strong with 92% battery capacity. But when I reach 8 or 10 years and if the battery goes out, I think I'll rather spend the 13k to 15k on a new battery and get the latest range, rather then spend another 100k on a new Model X...
The biggest problem with Li-Ion batteries they age and degrade not only with use but with time as well. So you won’t save much by not driving a vehicle heavily as the battery will still degrade.
I dont know how you avoid maintenance costs.
Each 35k miles I have to do suspension overhaul to be able to align the wheels.
Cost me 1850USD. The first overhaul was covered under warranty.
This car eat suspension joints for breakfast like a VW or Audi.
Makes me seriously consider going back to a ICE Honda car.
99.9% of my mileage is on public roads
Tesla has always had quick turnaround times anytime our Model S was brought in for scheduled service. All service that requires more than same day service included either a Tesla loaner, or daily Uber credits. All but two service appointments required less than 3 days. I live in California, so perhaps it’s easier to get service scheduled and completed quickly here than in some other states.
I imagine though that as more and more Teslas are sold, wait times are expected to increase if service centers aren’t being opened in proportion. Also, we’ve never needed collision repair, so no experience in this particular area, but completely understand that generally requires much more time.
if you in nevada, the base rate for the 18000-21000 annual mileage range at 90% is $152 monthly. at 97 score drops below $108 a month, as high as 100 score $93 a month.
every other insurance company in las vegas wanted at least $3000-4000 annually. USAA was the only one that said $175 to 230 monthly depending on your extras.
This was all based on a 2023 model 3 SR in april 2023 when examining insurance prices.
for comparison, my 2022 tuscon hybrid was $180 a month for full coverage. oddlty, when it it was totalled out, the right front taking the hit and no airbag deployed was $19000 on the actual repair, but they were missing sensors that were torn off the car and the actual estimate to repair was $23000 range...car new was $31k.
to dig deeper into insurance, the KIA EV6 on my same policy with progressive was only about $375 more for a 6 month period when i inquired for that vehicle. tesla was nearly DOUBLE. meanwhile both the M3 and EV6 cost about the same at that time i checked both out side by side.
I think EV insurance is mostly due to battery, but i also think theres the "tesla tax" factor too.
Just drove a rented Model Y from San Diego to Austin Texas and back plus some local driving. 3,400 total miles in eleven days. I set the auto pilot at the speed limits and followed the navigator’s routing for charger selection and amount of energy needed to continue. I paid 10-1/2 cents per mile using Superchargers at 32-40 cents per kilowatt.
The problem is, gas is $1-2.50 cheaper outside of CA. Even at 27mpg, my old E320 would have cost less for fuel on this trip. The Y was a great overall experience and I may buy one someday, but not because it’s cheap to run.
A Prius that gets 50 miles oer gallon at $2.50 is only 5 cents per mile. Teslas are so overrated.
for other car brands, you may find spare parts that are manufactured by another manufacturer, for example those that only manufacture spare parts for cars. And they can also be cheaper than original parts
Somebody hit and run swipe my car while parked (camera did not turned on). They have to replace left fender, front bumper and left headlights. Total came up to $4,413. The headlight alone was over $1,000 and the insurance only covered $730 for a used one. I ended paying the difference to get a new one.
Very inaccurate about Cali charging cost. At current price of gasoline, $4.99 for 91 at Costco, cost per mile on EV is about 50% higher than comparable gasoline car. At $6.5 or so per gallon, cost per mile is about equal. Pge in Cali charge $0.55/kWh. And don’t forget L2 charging has about 16% charging lost. This is my personal experience of owning EV.
I would like if you can take a look sometime at the higher than average failure rate of 2021s model 3 batteries. Mine failed at 46k miles and I saw on Reddit many people with even lower mileage having the same issue with even lower miles. It feels like there was a problem in that model year but I don’t think it has been pinpointed yet.
Would’ve been nice to see the Tesla insurance annual costs as you provided values for other insurers. Major oversight. I’ve found my insurance to have gone up by 50% but again, that’s against a Toyota Corolla, NOT an equivalent luxury car.
You might want to tell viewers that the DOE has a web site comparing total cost of ownership between different makes and models. It can be fine tuned for type of driving and mileage, your electricity and gasoline prices and state you live in. The comparisons show BEVs are only cheaper than hybrids if you drive a lot of miles like >15,000/yr.
Is that only for fuel cost or maintenance as well?
@@poeck41 Supposedly full cost of ownership, purchase and depreciation, fuel, and maintenance.
Great information, Ryan. Thank you! Peace
Charging at home in CA is about the equivalent of $0.90 for a gallon of gas. About 5 times cheaper than gas.
Where did you buy your Model Y tires from? $1,000 bucks out the door is so much cheaper than I’ve been able to find for my Model Y Performance.
Insurance for Tesla is not expensive because they are not safe, but because replacement parts costs is nuts and a closed ecosystem.
You should be comparing BEV to hybrids. Conventional ICEV aren’t designed to be that efficient. Every time I look at the DOE cost of ownership calculator hybrids are considerably cheaper than BEV. Toyota hybrid warranties are considerably better as well. 150,000 miles and 10 years on the battery, 100,000 miles and 8 years for EV drive components.
Tesla’s giga castings makes major repairs on a Teslas basically impossible.
My entire decision to buy Tesla came to two things- High Insurance Cost and High Repair cost.
All Gas savings is being lost in Insurance. Other Gas/ hybrid car maintenance savings is being lost in frequent tire repairs of Tesla.
For Average 10- 12k mile a year driving you don’t save much by buying Tesla. Only high mileage drivers Tesla saves a lot.
Wonder the cost to replace the structural battery pack Model Y?
Be interesting to compare Tesla collision repair costs to similar competitors like Mach e, etc. Teslas have high salvage value and long term rental cars cost a fortune. They sit in shops for weeks and months. There is the probability of additional damage being uncovered and more parts being needed and so the astute claims adjuster will just total it out.
I would be a little wary of purchasing insurance from Tesla......a company that constantly touts their Model 3 Performance 0-60 time of 3.1 seconds, then tells me they will adjust my insurance based on recorded driving metrics. Does anyone with Tesla insurance know........would charges be increased for fast acceleration if speed limits, etc.... were not broken? Seems like a waste to pay extra for performance if you get punished for using it.
nope acceleration doesn't count against you, but hard braking and cornering does. But the hits to the point score are minor. Also hits to the point score for going over 100mph (if you have TI version 2.0)
@@saultknutz1166 Thank you for answering my question. I just drove a 2023 Model Y Performance for 4 days to see if I should buy one.......and I was very impressed. Through some research I did see that, although the car has an amazing safety rating, insurance is quite high. I was worried that Tesla might "nickel and dime" you with their monitored insurance plan. Have been holding out to see what the new Model 3 looks like.
I’m confused on why you had to pay a deductible if you got rear ended.
Hit by an Uninsured motorist?
@@Dive-Bar-Casanova Nope. He said the at fault driver's insurance paid.
same
Agree...... we need answers- rear ended by a identified driver with insurance and still have to pay a deductible - what is going on here?
In another comment he said he was reimbursed.
What about offering two options? a. Battery core (i.e. give $4k credit for the customers battery pack, since they can extract/recover all of the materials). And b. similar to cell phone trade ins, trade in your car, and the manufacture will 'refurbish' the car and resell it as refurbished.
I have a three month wait on my Toyota Tacoma body work. Some of the wait time for all repairs is the lack of people entering the field.
2 hints:
1. If your battery is written off, don't straight away go and buy a new battery. Instead do a search for one of the new places that repair ev batteries.
2. If you get a high quote for panel damage then go to someone who can do Paintless Dent Repair so they don't need to buy so many new panels.
It’s best to round numbers to the closest 1000.
Much easier to listen to and conceptualise.
Ryan - my experience is that ICE cars are so much more expensive to maintain. Oil changes, air filters, belt replacements, transmission, coolant leaks, fuel pumps, injectors, O2 sensors, EXHAUST SYSTEMS... I mean really its ludicrous. I had a 8YO Mercedes ML350 diesel that blew its blu-def injector and fried the entire catalytic and muffler system. $13,000 replacement quote from MB USA for a $17,000 valued vehicle with less than 100K miles.
On my 2016 BMW i3-REX with 31K miles I still have some of those maintenance items but, all in, my maintenance has been less than $1600 to date. I nearly spent that on my yearly service A for the Mercedes.
Keep up the good work on the channel. 👍👍
I spend about $20 a month here in Fl charging my Bolt at home. My electric utility rebates me $10 a month for charging off peak so in reality I spend about $10 a month for “ fuel” unless we go far enough from home that we need to dcfc which is rare
Why do people call Teslas “luxury” cars? The S & X are, but the 3 and Y most certainly are not. Up until this year, their absurdly high prices put them in the luxury category, even though the vehicles themselves fall way short, but now the prices aren’t even in the luxury range, so why do people keep mis-labeling them as “luxury”? I don’t get it.
If you think Teslas are expensive in collision repairs, you need to check out Rivian repair costs. They make Tesla repairs look like a bargain. Saw a recent article of a light impact rear bump and Rivian asked for $42k to repair.
Crashed my MY LR in September 2022, still haven't gotten it back. I've forgotten what it feels like to drive a Tesla it's been so long.
I have a 2014 Model S with 108,000 miles. Free Tesla chargers at work. Two sets of tires. 1200$ each. Touch screen n instrument cluster bubbled, covered under warranty. 20k battery replacement covered under warranty by caravana. Woohooo.
An electrician giving me a quote on a Wall Connector install says he was quoted $31,000 for a battery replacement on his Model S that will only give 79 miles of range. He has talked to Electrified Garage and Gruber Motor Co and Tesla. Electrified garage won't work on his and Gruber wants him to ship his S to Arizona for repairs.
I do not know why Tesla wants so much.
Been watching your content for a year and this is by far the best video on this topic you’ve done. I talk with many about this topic as more people consider a Tesla and this is a super fair and balanced look at the cons of a Tesla. I love my 2022 model Y performance and have convinced 4 friends to buy one
Love my 2021 Y performance but I had to switch to Gemini wheels with all season continental tires because my back tires would only last 22,000 miles costing me 1,050 bucks to replace them 😮. Now I have tires that will last much longer and way cheaper to replace 😊
I'm in the UK and have a 2022 MYLR. Insurance costs have rocketed here as well- typically averaging about £1200/yr ($1500) Some younger drivers are finding difficulty obtaining any insurance at all and in the UK a minimum of "third-party" cover is mandatory. I think another factor affects Tesla insurance. The Model Y is rated as the safest car in Europe and USA. IMHO some of this is that the design prioritizes the safety of the occupants and other road users which means the car "sacrifices itself" to achieve this, resulting in greater car damage but undamaged humans!
When insurance is covering costs except for premiums and deductibles, what’s the point? FWIW back when Japanese cars appeared in the US costs were equally very high… it will come down. In fact, if the open manufacturing process is employed, it may have the side benefit of easier repairs for major damage. As for batteries, look up costs for a new engine with labor for an average car… if you were so unlucky as to need a full pack replacement it’s about the same.
08:07 OMG i had the same shit happened to my Model Y performance with the midnight wrap. In the same area too, back driver quarterpanel. Damage looks damn near identical. Smh cost about the same.
It might be interesting to know what the equivalent would cost on other electric car brands. Is the disadvantage of electric cars that you cannot repair anything yourself?
that safety score is a problem and probably will be a standard..whats the point of having a plaid if you can't accelerate?
A small crack in my front bumper due to a truck tire piece hitting it is currently at $3,500 + two weeks of car rental. Thankful their insurance company covered all of it. It also takes a long time for parts to arrive before taking the car into the shop. Almost a month for parts and two weeks at the shop.
Also, a tip on tire replacement costs. I go to a discount tire (no, I don't work for them) and pay for the tire warranty on a good set . When it's time to replace them, the warranty covered the difference of the actual mileage vs. the tread life estimate. I make sure to rotate them every 6K miles, and last time I received almost a $500 credit to replace all 4 tires. The extra benefit is getting the lifetime replacement if a tire is damaged due to road hazards (pot holes, nails, etc.). With my long commute to work, it's worth it to me.
Tesla's are ridiculously expensive to repair, and Tesla needs to get a handle on it imo.
Great video. You forgot to include a couple of places that test and then replace bad cells in a battery pack without replacing the whole battery pack - Gruber Motors and Rich Rebuilds. Gruber charged only $7,000 in one such case in a video.
Great detailed and info back video
About Tesla insurance. I’d like to see Tesla offer a HUGE insurance discount for those who paid $15k for full self driving. Maybe even offer to pay the full insurance cost for say 3 to 5 years. This will be especially important when cars start driving themselves. Why base my insurance premiums on my driving record when I’m essentially a passenger?
Agree......and on a side note - I just on this I can't understand the pricing- Take a base model 3 - US price (non inventory) is $US40,240 - but the enhanced autopilot is $US6,000 and the FSD $US15,000 - the same car in Australia is $A61,300 or $US40,540 equivalent but enhanced autopilot is $A5,000 ($US3,300) and FSD is $A10000 ($US6,600) - what's going on with the US prices for the autopilot upgrades - it's exactly the same software.
The tires would probably wear out less perhaps if there was constant four wheel drive or if the other wheels were activated before any wheel had started spinning. Is maybe like that with track mode on Tesla 3 performance
My 2013 Hyundai Santa Fe engine blew up after only 66k miles. Purchased a Model Y and never looked back. Forget ICE!
Do you have any data on how much those damaged Tesla are sold at auction? Likely insurance companies get more money back having them auctioned than paying to have it repaired. Cheaper to ship them to Mexico and have cheaper labor do the repairs. Certain damage doesn't make the car undrivable but cosmetic or minor structure damage. (Little bent)
Have you always used those tires? Where do you order from?
for me 440 for 4 brand new tires anything higher your paying for the brand
It's like living in a state with no income tax,they get you to pay one way or another,usually higher property tax. Well Teslas might be cheaper to maintain,but you pay more in insurance and repairs,if and when needed
Oh and btw, All Ev battery warranties in California are 10 years,150k Tesla included
I got T boned in my model 3 long range a couple weeks ago. Mirror flew off , passenger front tire crushed and part of front bumper damaged , both passenger side doors smashed , windows cracked . Can’t wait to see the cost on that puppy!! Insurance will be getting back to me within the next week.
Wow sorry to hear that man!
Keep us posted pls!
@@Greg3555 they just called me. It’s a total write off.
Insurance for a Tesla in UK is expensive. Sure enough with giga castings, repairs will cost a small fortune.
I’m really questioning all of your driving habits if you have to replace tires 3 times in 100k miles. I have a model Y PERFORMANCE and I am at 4mm out of 8mm new on all 4 tires after 30k miles
with 8k miles a year, these maintenance costs are ridiculously cheap 😂 ik the community has been saying this for *forever* but once sticker price drops its so over for ICE
I hope this happens quickly but I am afraid it will not. I would think they will have at least a $5k premium well into the twenty thirties
cheap until you get in an accident...
@@viadharmawheel In that case ask your insurance co to total it. Often they will if repair costs are high. Then,, move on.
@@Dive-Bar-Casanova not as easy as you make it sound.
@@viadharmawheel It's cheaper actually when you consider medical costs, which are more expensive than car repairs. Teslas have some of the highest safety standards for occupants.
Louisiana, the poorest state, has the highest average cost to insure a Tesla Model 3. Amazing.
A driver backed up into my Tesla. Scratched front bumper and broken fog light. Almost $800 bill.
You got 19” tires and lifetime balancing is not bad at all. Why not get 18” then?
The aftermarket is stepping up with the ability to replace the faulty pieces of a battery pack, and I think this will improve a lot in the next few years.
sure battery packs will improve in the next years....🤣🤣🤣🤣🤣🤣🤣🤣
No....these corporate companies are greedy.
do you have an analysis of the maintenance cost (year) for a model x?
Tires? Try Corvettes, Mustangs and Sienna’s. Go through way more tires and costs way more.
If you drive sensibly, tyres last at least as long as any comparable ICE vehicles.
Great video. Well presented with many interesting facts. On insurance I would add that there are lots of ways to save. If you have multiple vehicles and are a homeowner, you can benefit from a bundle. If you are over 50 AARP offers some well priced plans. Of course driving record and where you live will factor as well.
But the range is also important, so if the range of the battery has dropped enough, the car owner may choose to sell the car or order a new battery. the risk is perhaps enough that he chooses to sell the car and buy another car. Because it can be cheaper that way?
I purchased a 2016 Tesla S in 2019 for 40000 . It had only 18000 miles on but it had been in an accident. I held my breath and bought it and its been fine except for an initial accident a few days after I bought it. It did not have air suspension and someone had turned off the warning chimes so when I parked the car and pulled forward it did not full clear the concrete stop strip and it took off the plastic fascia underneath and some related damage. It cost 5000 to repair so I became painfully aware how expensive Teslas can be to fix. I am very scrupulous in protecting it after thant. As far as the first accident went, there was some damage to the panels and I speculate that it bought at a salvage auction and fixed up as I got it from Off Lease Only which is a bottom fisher. I was lucky as I know cars and I could see it tracked straight and true which was the bottom line. And the repairs we done OK. In the future I would never do this. And always get a car fax. Never buy a car without it. Do I love my Tesla S, absolutely. It put the fun back in driving and I have a home charger which is a god send. It a technological marvel and its updated all the time via the net. So many new things added. Its so good, we just got a new Model Y LR and my wife absolutely loves it. But they are expensive to repair and maintain. You just cant get the front end aligned. Either you bring it to Tesla who has the right equipment or a Tesla certified repair shop like Electrified Garage. PS you must buy jackpads before its put on a lift or you are courting disaster after it gets jacked up. I dont bring my S to a car wash. Teslas are prima donnas and dont do well in them. I was it myself. So keep all this in mind.
Thank you, These are very helpful tips 👍
I do not know where you got the cost of EV vs Gas but it was not in California. My household electricity cost ranges between $0.35 and $0.45/KWh. My 2013 Chevy Volt gets about 36 miles on a 12kW charge, so, using $0.4/kWh is 12x0.4=$4.80; that's a higher amount than local regular gas at ~$4.50/36 miles. I know that a lot of people think their electricity is $0.10/kWh but where can you buy electricity for that cost?
In BC, We pay 13c Canadian which is around $0.10 USD.
11.4 cents in eastern iowa. Majority of electricity made from wind.
@@steveb796 nice. 100% hydro here
29¢ LA, 19¢ in central NJ.
Northern Illinois - we’re paying about $0.11.
Sad that my 2019 Model 3 LR had a minor accident and most of the car looks undamaged except below where it hit a bit harder. Shockingly the repair cost was almost $28k and deemed total loss by the Tesla certified collision repair shop (I'm not sure if Tesla Collision repair would have made any difference). The airbag did not deploy and the car was drivable but it was written off as total loss for salvage. Shocking really. I'm really saddened by this given the sentimental value I held for the vehicle and having invested in Tesla decently early on and driven it nearing 5y. Not even that many miles on it - sub 25k miles and repair cost was absolutely bonkers given what looked like not all that bad damage. Anyways, it is what it is. Now, I'm not sure when I will buy a new Tesla again but in future I will still like to buy a Tesla.
Why would u pay deductible if you aren’t at fault?
I think that insurance companies may total more EVs because they are worried about possible undetected battery damage.
13 years ago I remember my ZO6 rear tires used to cost $526 each. They lasted around 15,000 miles. I saved a little money the second year on tires the second year as the 7 litter LT7 spun a main bearing and I couldn’t drive the car for about 4 1/2 months while the engine was replaced under warranty.
Five years before that I married my soon to be ex-wife who had an old five-year-old BMW that needed an engine replacement that cost $13,000. So in this case of battery pack doesn’t sound that expensive.
Insurance costs include getting the injured parties healthy again as well as the cost to repair the vehicle. I don’t have data, but I would guess that occupants of a Tesla with the avoidance/accident mitigation technology will fair better than others. How many accidents are avoided because of these technologies as well. Further, IF they can get the FSD working then the number of vehicles damaged should be reduced again saving the insurance companies more money (which probably won’t quickly translate to cheaper insurance rates)
Very informative. Great video.
@ 4:56 you stated that Tesla states their vehicles are luxury vehicles and that leads to high costs of repairs and thats untrue. In every 10k and 10q that Tesla has filed with the SEC the opening line states Tesla builds and sells High Performance EV's...Luxury isnt in the description so thats actually false advertising for Tesla. Another thing you left out what makes getting Teslas repaired is where theyre made as all Teslas are built slightly different and they use the vin # to know all of the parts that were put into that particular vehicle also the revised parts put on it to get the panel fitments correct etc and sometimes they have to have panels/parts made up on a 3d printer and that takes time to stop production to put into the rotation..
Can you sell your old battery pack once it is replaced with a new one?
I work for one of these major insurance companies and I guarantee everything that was said in this video is correct
However, there are apparently cheaper tire brands with the same size on the tires
Yo there’s still hasn’t been any mention of this issue with flooding of a Tesla & what happens!!!
in California charging off peak hours is at 0.26 per KwH where I live
The battery cost is really unnecessary if it is a single battery cell that is the reason for the error. there are those who choose to bypass the individual battery cell instead. It will simply be much cheaper
Re "Tesla's Expensive Repair Problem" title, is the problem unique to Tesla or does it include Rivian and most other EVs?
7:09 this insurance info is simply incorrect. Several reasons why. Bottom line is that the implication that they can repair it but choose not to is fundamentally wrong. 1) they always have to make those choices, EV or ICE. 2) sometimes state laws require totaling it out at a % lower than 100%, 3) actual repairability is an issue. 40k in damages is highly likely to be closer to 50k once everything is disassembled and better assessed.
Those repair costs are absurd. Models 3 and Y are not luxury cars, they are premium cars. They are also mass produced. If parts are in short supply, that is because Tesla has decided not to set a sufficient amount of parts aside for repairs. Those labor hours seem too high to me as well. Almost 130 hours total labor for a rear end? Why would body work on a Model Y take so much more labor than a Camry? Something doesn't smell right.