7 HIDDEN Expenses Tesla Won't Tell You About
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- Опубліковано 15 лют 2024
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These are 7 Hidden Expenses and Costs to Tesla Ownership that Tesla will not tell you about and that I had to learn after almost 3 years of owning a Tesla.
Topics Covered:
New Tesla
Tesla Model Y
Model Y Tesla
Tesla Model 3
Tesla Model Y
Model 3
Model Y
Tesla Performance
Model 3 Performance
2023 Tesla Model 3
2023 Tesla Model Y
#Tesla - Авто та транспорт
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Hidden Storage Insert - geni.us/M3YHidden
Floor Mats (3) - geni.us/Model3Mats
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WHATS THE NEW CODE? CYBERLUV DOESNT WORK ANYLONGER. Ty
After almost 13 months and 21.5k miles later I had Tesla Service Center perform Annual Wheel Alignment ($275 before taxes) and Annual Brake Cleaning/Lubrication of Brake Pads and Caliper's ($187.20 before taxes). Much more to maintain an EV then a Traditional Gas Vehicle.. might go back to Gas or try to get a Hybrid for a good deal.
Former insurance underwriter here ...ask for a quote for any vehicle before you purchase it so you know what the cost will be. Insurance premiums will continue to rise because of more vehicles on the road and more weather related claims. Do not cut coverage to the bone for liability, especially if uninsured and under insured limits are tied to the liability limit. The number of people driving without any insurance is well over 10 percent so you need that coverage.
2013 chevy volt, barebones liability, its already got some dings on it. im paying 16$ per month. geico tried to raise me from 14$/mo to 30$/mo (more than double? lol). wouldnt price match. lady on the phone literally told me to ping pong between insurance companies every 2 years. if i paid 250$/mo for full coverage or something it would be the same thing as totaling the car after 2 years with no insurance. im not going to pay 1500-2000% more per month for insurance to make up for warren buffet's lost profits. sold my burkshire stock i had had for 2 years and i literally got paid to have geico liability insurance with the actual max possible discounts. probably more than underwriters know about
Otherwise Walk!
we have a 2008 civic. inexpensive to insure
Are those steal toed crocs?
This was a list of very obvious expenses that every car owner is aware of, unless you’re totally brand new to owning a car. The last item - All EVs might have an additional fees, the calcuation and names of the fees vary based on how your state wants to disguise it.
I am never paying $2000 to INCREASE my 0-60 by 0.5s
then dont
its free if you buy ur car with a referral link so
@@YaBoyDave215 decrease why not
Ok. Bro.
I could pay to decrease 0-60 though
LOL that you think most Tesla owners are guys in their mid-twenties! That’s way off. The median age of a Tesla buyer is 48. 74% are male and 97% are homeowners, which rules out most guys in their mid-twenties. The demographic data I found sums it up thusly: “The typical Tesla customer is a white male, about 50 years old, who owns their home and has a high household income.” So yeah - definitely not guys in their mid-twenties! Another interesting data point - Teslas have the highest accident rate of ANY car brand at 23.54 accidents per 1000 drivers. If you want to see this data, just Google “what are the demographics of US Tesla buyers.”
Tesla cars a for rich people who want to virtue signal.
At 60, as a homeowner with modest income, I aimed to make a savvy investment. Despite having $15,000 saved for a car every decade, I sought to avoid the high costs of gas this time around. Although a used Camry with its reliability and 35mpg efficiency seemed like a practical choice, I stumbled upon a 2022 Model 3 with only 54,000 miles. It was in impeccable condition and came with a $4,000 instant tax credit at the point of sale. With a final price of $14,900 plus tax, it was too good of a deal to pass up. Additionally, the insurance for the Tesla is only $190 per month compared to the $450 I was spending on gas for my old Toyota pickup. Moreover, with my electric company charging only $0.13 per kWh and offering a discount through CARE for low-income households, my monthly electricity costs are a mere $40. All in all, this investment has not only saved me money but also significantly reduced my carbon footprint.
Highest accident rate compared to what... all cars in the US.?
@@positivityplace "investment"- you mean liability right. Cars arent investments
@@0xBULLgogi investment does not have to mean both the input and output is only monetary. That said he literally said the car saved him money while being used as a vehicle.
I owned a 2018 Model 3. My maintenance over 5-1/2 years of ownership was AC filter twice. Tire replaced once $1200. Nothing else you mentioned is not really necessary. Tire rotation is one thing not needed. Tesla’s vehicles are very well balanced. My tires wore evenly, never rotated. One thing that surprised me, is never having to change wiper blades. How they last so long is truly amazing.
Tires should be rotated about every 5-7k miles. Nothing to with balance. It's due to wear. Steer tires wear differently than drive tires. Don't spew nonsense.
@@bushonryI don't think he was using the word balance the way you think
@@andyp91 regardless. Never rotating your tires and advocating for it are stupid.
@@bushonry5-7k is a little excessive unless it's mostly city miles. Every 10k is enough. And don't pay for someone else to do it, buy your own 3 ton jack from harbor freight (4 ton if it's a Model X) and an electric impact wrench of at least 300 ft lbs. Sure it's 10-15 solid minutes of back breaking work but you'll save money in the long run.
@schm147 you're not incorrect. I've always done it every other oil change.
I currently have a VW GTI....my insurance to replace this with a CX5 would go down but would increase for a model Y by 1800/yr.
Washes away any potential gas savings.
This is GA so maybe it makes sense for others in other states.
At least you’re being honest unlike most Tesla owners saying absolutely no maintenance what so ever. 👍🏻✌🏻
That's because there is no service schedule in the owners manual. This is literally all there is in the owners manual.
Service Intervals
Tesla recommends the following maintenance items and intervals, as applicable to your vehicle, to ensure continued reliability and efficiency of your Model Y.
Brake fluid health check every 4 years (replace if necessary)*.
A/C desiccant bag replacement every 4 years.
Cabin air filter replacement every 2 years.
HEPA filter replacement every 3 years.
Clean and lubricate brake calipers every year or 12,500 miles (20,000 km) if in an area where roads are salted during winter.
Rotate tires every 6,250 miles (10,000 km) or if tread depth difference is 2/32 in (1.5 mm) or greater, whichever comes first.
Thats it.
I don't doubt that some Tesla owners don't do any maintenance whatsoever. It happens even in ICE cars. That said, other than the tires (and even then if they don't abuse the accel it can be okay for a year or two) it is possible to do no maintenance and still have a fairly comfortable drive with the cars.
@@MikesProjectsandHobbies Aw yes cause Tesla is so magical that it does not need topping off coolant, compressor oil or gearbox/differential oil, or replacement of those... Also no wear items like suspension components, wheel bearings, control arms and so on that wear far faster due the weight and torque.. Yeah no maintenance they say...
Great video. Thanks for the tips. Just wanted to add that most towns/cities have a Discount Tire. They rotate for free. Make an appointment online and run by and you're done. It's that simple and free.
For the brake lubrication, that's just not necessary. Just tap your brakes from time to time and go about your day. Maybe in a blue moon drop by your local brake shop and ask for them to lubricate your calipers pins and components for a nominal fee...and you're done. Your air filter you can do yourself. The desiccant bag...take your Tesla in for a full once over to have peace of mind if you want, but it's not really necessary to replace it. Tons of car's use these bags and the original ones are still in them after 10 years of usage. It's a pointless thing honestly.
For the most part it's so much less maintenance for a Teala then an ICE... there just isn't a comparison.
Tires/Tyres...yah, it's the lead foots that destroy your tires/tyres not the car's weight. Thank you for pointing that out.
Basic floor mats come in all car's even Tesla's. The factory ones are always...mehhh...and most drivers know this. This is not a hidden expense in my opinion.
Tons of charging options...it varies so much from person to person. Same principle to cheap non bonded gas vs bonded gas...so why bother mentioning.
Great video overall. Thank you.
Thanks for your Tesla content bro - really helpful. I’ve saved this to revisit every year to see what I need to do. The cleaning videos were awesome too. 👍🏼
Comprehensive and well explained; thanks Jeremiah!
Very informative, engaging watch! You did well. 👍🏽 Thx.
I bought my tires at Costco for $917. Top brand tires and mount/balance is included. Highly recommend!
Are you also a shareholder with TSLA
What Tesla model do you own 😅
I do own TSLA stock. I have a M3 LR
@@boltspeedman91 Do you know about the Tesla New Innovation shares?
@@boltspeedman91 I really love the M3 LR very good for long range
Putting the pedal to the metal at junctions and traffic lights will *NEVER* wear off 😂
Incidentally, used base M3s do come with all heated seats and EAP as standard (at least they did when I purchased mine in the UK last November).
He was referring to the older base Model 3 standard range which was renamed as the RWD when it got the heated rear seats and bigger LFP battery around mid to late 2021. The Standard Range Plus was sold in the UK so it depends on the age of the car. The older standard range came with additional speakers that could be enabled via software and had all the wiring for the premium sound system so you could install the sub woofer in the boot easily. So swings and roundabouts.
As far as insurance goes , I got some good news, I switched to Geico and saved 50 percent on my car insurance. ( All kidding aside, I asked for a reduction with All State, they denied me a reduction , I switched to Progressive and my premium dropped almost 90 bucks per month ) Definitely a good idea to keep your eyes wide open with those insurance companies and take advantage of the cheap rates when switching. ( We pay about $1100 per year for two cars , complete coverage. Drive safe out my Tesla friends.
Had NJM for 1st year, then jacked up the premium the 2nd year. Switched to Geico.
All about who’s paying out claims at the time. If a driver has a few marks sometimes a new company will overlook just to gain the customer
Geico quoted me $395/month. Progressive quoted me $185/month on a ‘24 Model Y
@@mainpilotwhat about for someone whos 22 who wants a model 3? What should i use for insurance?
@@dionteburch3752 Go online & get some quotes. You’re under 25 so you’re Insurance will be higher.
i'm paying $0.17 per kwh charging at home with a wall charger which costed $681 to have an electrician installed 6ft from my breaker box
thats about $0.05 per mile, compared to a 25mpg about $0.16 so still saving about $1500 per year. could be worth insalling solat. Although with an hybrid you would be more around $0.1 so half the gas savings, and a plugin hybrid with good range ideally would save ~90% of the gas
Best way to own an electric car is to have solar at home (sized for charging a car) and do most of your charging at home. We upsized ours to handle a full electric and a plug in hybrid. Mostly charge at home and still get approx. $300 check from the electric company every year for my overage. It has been nice having a $25 elec bill and being able to pass the gas stations.
I don't get spending 30k on solar and 50k on a Tesla to save a few hundred bucks in electricity per year.
We actually spent $20k on a ground mount system. I have a 25 year warranty on the system. With electrical rates going up fast in CO and the insane amount of sunshine we get it made since to do something to stop having to pay more and more every year for electricity. Electric cars are the future (not as soon as some of our politicians would like) and with that being able to charge essentially for free just makes since. We save about $4000 per year on electric costs (not including price increases and car charging savings) This alone pays for the system in 5 years. If you factor in rate increases and savings of not paying for car charging or gas tank fill ups, the pay off is even faster (haven't done the math on that yet). The average price of a new car in 2023 was $48,000. With tax savings and the decreased price for Teslas, you can get a nice dual motor model 3 or Y for less than that. Seems like a win/win to me. Of course, I will keep my Ram 1500 for towing the boat and going dirt bike riding. It will be another 5 to 7 years before electric trucks have decent range. @@will_mcfarland
@@brianarant5932its just the beginning. The government will get theirs regardless . This is just bait ,just watch. Smile now cry later
@@will_mcfarlandOur electricity was $400 USD a month and our gasoline bill was $600 a month. I think we are saving a little more than a few hundred bucks a year. LOL Solar was basically free and our Model Y was discounted to $36k. Got $20k on the BMW on a trade in. It was all a no brainer for us.
@MikesProjectsandHobbies... curious where you get free solar, ... are you in california, why so expensive electricity and gas, do you drive a hummer?
I live in Fresno, CA I tried a “special rate plan” and paid $15 a month to have, it turned out to be more expensive than supercharging, I was paying .37 a KW at home now i am paying 23-35 cent a KW at a supercharger, I just leave for work early, I spend 30 mins charging every few days. I just receive my 1st registration renewal, you are correct …it’s $700😊 I love my 2023 M3 and would purchased again, no regrets. My tire rotation at 6250 mi was $65, when the tech arrived at my home he said he did not think I needed it and asked that I make another appointment at 8000 mi.
Wow I’ve been a Tesla leaser for 3 years getting the new model this month My husband didn’t tell me a few of these things. I thought it was cheaper to charge than get gas. I burst out laughing when you mentioned taking off fast is bad on the tires… we had to replace … the thrill is always good for me. Lol. Leaving cars in the dust at a light 😀
Having a driver with the mentality of a 6 years old behind 2 ton vehicle might not be much fun for the rest of road users though. But as long as you are happy the 🌎 will adjust I guess, it spins around you afterall.
One of the BEST Tesla videos I've seen in a LONG time. Very practical and to-the-point.
Going to Tesla and the experience. It’s completely worth it. Just my opinion.
20% extra for charging in the winter. I am outside and preconditioning takes up to an hour so about 3-5 kW per day just to precondition. Preconditioning uses more than my 3.8 kW/ 16 miles per hour range charge rate. So I can leave with less miles than when I started preconditioning. Will not get a positive charge rate while plugged in for the first 45 minutes.
not if you charge right after parking the car?
@@geemy9675 I do charge when I get home when the battery is warm. It’s the preconditioning 8-10 hours later the next morning that sucks up 3-5 KW when everything is frozen.
I've had my Model 3 for 2yrs and it is definitely cheaper to own than a gas vehicle of the same age and class. The simple fact that I don't have to get oil changes is a great expense over the year that I no longer worry about.
@@BurnseysRT ok I was thinking battery preconditioning. 3-5kWh per day for preconditionning4 sounds like a lot. how cold is it?
Solid video! Nice job 👍
Congratulations Mr Jones. This is a really mind-blowing discovery, that TESLA won't tell us about all those 7 things, instead, Tesla put all of them in writing in the operation manual. What a brilliant and insightful observation. !!!
Somme of it even on the configuration page when ordering the car
Your video was so helpful and so informational and educational I just want to say thank you so much for taking the time even the quality and the shots you chose just kept my attention but the information is what did it the most I actually was listening to the video while going for a walk and I didn't act to see it till I just wanted to get a refresher and play it the second time so I just want to say thank you so much and this has helped tremendously
Great, informative video. I really, really like your calm, professional style! Thank you! Subbed!
These are all accurate, but are they really hidden cost if they’re all listed and the owners manual?
that’s brave of you to assume people read the manual
It's also fair to say most of it is typical of any car. Though having Tesla do it for you tends to be a bit more expensive.
@@BaneSIlvermoon No, most car companies don't make you pay them every month to use features already built in. Mercedes did it for a while, I think BMW dropped the idea, because people rightfully complained what a dumbass rip-off it is.
@@bigglyguy8429 Ah, fair. I forgot about the LTE access subscription. My car has it free
@@bigglyguy8429 i dont think you grasp the idea as to why tesla paylocks features like autopilot and FSD. These are liabilitys that can earn tesla big lawsuits. They need people to understand the risk of using these things. A simple warning or agreement screen isn't enough.
The Acura dealer wanted $2,000 for an oil change, filter replacement, wipers, and an inspection. 2021 RDX. 30k miles. This was $500 two years ago, $800 last year. Not thinking battery replacement is so scary.
sounds like they are just throwing random ass numbers at you
You need to DIY
Absolute nonsense what they charge
It sounds like they thought you were a rube and were just making up a number they thought you'd pay.
The off-peak electricity plan is a game changer. My provider in Greater Toronto Area charges 2.8 cents/Kwh (CAD) essentially rendering charging cost irrelevant
You right about the “Tesla lead foot” when it comes to tire wear. Another YTube poster, “GJEEPS”, owns a MY and a Porsche Macan ICE. He said in his post, “Tesla Model Y Wear and Tear after 34,000 Miles”, that both his cars weigh the same and mused that car weight is not a factor. He recommended that Tesla owners change the driving mode to “Chill” and their tire wear would be the same as with an ICE vehicle.
I would also consider the load on the tires from regen braking contribute to tire wear.
I agree with running in Chill mode. It sure saved my rear tyres.
I'll be upgrading from a paid-off 2007 Toyota Corolla to an MYLR when Juniper drops next year. I won't be "saving" a damn penny 😂 New car payment I didn't have before, insurance skyrocketing, and EV State Registration fees alone will be a ton of money compared to my Corolla. And that's before accessories and possible charging upgrades. And I'm a sub-10k-miles/year driver anyway so it's not like I'm saving a bunch of money on gas either. But, life is good and I'm ready to treat myself... to Juniper.
I bet your insurance doesn’t go up too much. The safety features of the Tesla make a big difference. I went from a 2014 Mercedes ML 350 to a 21 MYLR and it was the same. Just replaced my wife’s 2012 accord w a 23 Highlander and it was $25 more every 6 months.
Why change to electric then? It will not last past 10 years without a significant drop in a battery capacity as they degrade over time - simple chemistry and physics by that time the car will be costed in scrap rates. I wanted to go electric soon but it literally makes no sense at this stage.
@@10secondsrulewho told you this? They can easily last 10 years.
You may not be saving a 'penny' but you won't be driving a 2007 corolla either ... And more importantly, you will be eliminating your tail pipe emissions.
You mentioned Florida and the cost of insurance. In live in Tallahassee. I’ve been researching owning a MYLR. I have a bundled package with State Farm for my homeowners and vehicles. I’m currently driving a 2001 Porsche Boxster with 176K miles. A new MYLR will add $130 more a month to my insurance premiums! However, a comparable vehicle like a Volvo XC40 would be $103 more a month. Almost the same as owning a Tesla. I was told that since I’ve been with SF for so long with my Porsche I qualify for a special discount that I’m enjoying now that I’ll lose when I trade it in.
One huge cost that few people are mentioning is depreciation. On a 2021 Model Y LR that cost $60k in October 2022, Tesla is offering $21k trade in...yikes!! That kinda wipes out any savings over ICE cars 😢
😢
I’m in FL and my premium just went up from 1200 to 15xx without a claim or a traffic ticket last year. It’s crazy expensive.
Getting my first Tesla tomorrow! Your videos help so much. Keep it up brotha 👍
Congrats man, lmk if you need anything
Congrats🎉🎉. I ordered my model 3 LR two weeks ago. Can't wait to get it. Stealth Grey black interior. First EV
@@cellman1829got good taste man! I ordered the same configuration in LR. My est delivery is March 9-31! My first EV as well
I live in a condo in Phoenix and they won't be installing chargers for a couple of years. A V3 supercharger was built 4 mi from where I live and I'm going to charge in the evening it's only 13 cents / kWh.
@@cellman1829I spoke with an experienced model Y owner and they told me to always try to charge at V1 or V2 because V3 rapid charging degrades the battery faster. They recommended V1 & V2 for regular charging and V3 for roadtrips/long distance
Thanks for this. As one who is inches away from ordering a 2024 Y, this helps to fill in some of the missing information blanks. Much appreciated.
Another good tip with insurance is to ensure it covers all the glass. I had this cover and saved $1720 AUD when the windscreen cracked on a recent road trip. Mine is a M3 but I could assume a MY windscreen would cost a shitload more.
There is separate glass for the Model Y roof, so a MY windscreen is probably a similar price to a Model 3.
Well balanced review. Didn’t overhype or downplay things. I just got a model Y late December
the best chanel for tesla owners. I love it I am learning a lot as a first time Tesla owner, I got one last week. Thank you.
Model 3s aren't much heavier than a comparable ICE M340i.
Depreciation is probably the biggest contributor to total cost of ownership of a Tesla.
Some 2019 or 2020 selling for 40 to 50% less, factoring government incentives.
If you're interested in a cost breakdown from europe (switzerland)
Model Y Performance: 62k usd
Winter tires (I use the original rims and have them change the tires completely): about 600 usd per piece.
Supercharging: 50-60 cents per kW/h
Home charging: 30 cents per kW/h
Insurance: 1600 usd per year
Road tax : 0 usd (for EVs)
Fuel cost in my 2018 Audi S5: about 30 cents per mile. Tesla: about 15 cents per mile (when supercharging)
Great info
A dollar a minute for sitting idle at a supercharger ...nuts😊
It's really interesting that the Feds will give money you to own an EV, while other states are going the opposite direction
The discounts and rebates were intentionally over valued to increase adoption. As adoption increase so did the losses. It was really just a matter of time until cost of ownership increased to sustainable levels, which unsurprisingly doesn’t offer much value over ICE. EV’s will always take longer to amortize, it was just being hidden by taxpayer dollars as long as it could be.
Hey man my Model 3 is the same weight as the 2018 Mustang I replaced & tyres lasted 25K so same
I have been driving Lexus SUV for 10 years. I didn't spend much money on maintenance. The only issue I have is that all car door locks are dead. I am thinking to have a Tesla car, but I haven't decided it because I don't like expensive maintenance and high DMV registration.
If you’re in West Central Florida, Tampa Electric’s free Energy Planner program offers time of day rates.
Five year maintenance cost is estimated to cost approximately $1500! For a Tesla! Keep in mind that when you let Tesla do the maintenance they will run other test that may uncover other things needing maintenance!
I just paid $1300 to have my Acura TL power steering (pump/belts) fixed...so $1500 after a Half-Decade of Tesla ownership is definitely higher than I would like...but not so crazy especially these days.
Identify your Tesla maintenance costs? Are you saying that after 5 years it’s cost you $1,500?
@@duigiud not mine personally, change filters, change the coolant for the battery pack, etc. Do a little research
I'm at six years, definitely haven't spent $1,500. That's almost exactly what I've spent charging though.
sounds like a no brainer to switch to ev if you can charge at home
right when i picked up MYLR I switched it to "chill mode" for dem tires.
Smart move. Me too. Mind you, my LIKES to floor it in standard mode (so I changed it to chill for her without her knowing) ;-)
Great information. Thanks!
you need to replace cabin air filters and coils cleaned in an ice vehicle. mIn fact everything you list is the same for all vehicles.
2:43 in Australia rotations only cost $64 AUD (41 USD) that includs 10% GST and labour and they won't always recommend you do it every 10,000 km because if your tires are within tesla specifications for tred they recommend not to do it, so for me I was at 20,000km service and they said your tred is fine rotate at 30,000km instead. So as I said it seems that Tesla costs way less for servicing IN AUSTRALIA.
Are you also a shareholder with TSLA
My rotation at MyCar cost me AU$50 inc GST. And to Anna, yes, I am a TSLA shareholder (just bought some more in fact April 2024 dip)
@@greghudson9717only get serviced at Tesla never a third party so I will pay the extra 14 bucks
@@pkerry12 A tyre rotation is hardly considered to be a 'service' but Tesla says it is, along with filling the washer fluid - wow, how hard can that be. Remember, Tesla services are 'optional'.
@@greghudson9717 its like automatic with Tesla Australia you can bring it in for anything they still top up your washer fluid lol
Seems to me that the electric foot habit could be mitigated a lot by giving the accelerator pedal a certain feel. That is, the way the pedal moves, and the way the motor responds, could be finessed so as to gently discourage aggressive driving. You could still floor it if you want, but it would require a conscious effort. Consider this part of ergonomic design.
Chill mode.
@@GROND15 Yes, that might be what I have in mind. Maybe it should be given more attention.
Of course, if you're not in a chill mood, maybe that doesn't help. Ultimately, maybe that's the real problem?
@@ronaldgarrison8478There is a “chill” mode already. I almost always drive in that mode. The acceleration is attenuated so that it feels smoother like an ICE car. When I had my tires rotated the tech told me I had very little tire wear. He actually told me to wait another 8000 miles for my next rotation. I tend to drive in a very relaxed way though. I have heard that the OEM tires on the Y are pretty bad but they’ve done okay for me in the Wisconsin winter. I do have all wheel drive on my car so that helps.
My old Mercedes C class had this feature. It had a pressure switch under the gas pedal, which normally would not be activated, but floor it, and you get 100% power.
Uk is £9.99 so $1250 give or take but no option for us to buy an annual subscription, seems UK customers are paying more…… no real surprise there sadly
On the upside, I love my MYP, 10 mths in and 23500 miles done.
Great video! thanks for the info! im looking into a few year old tesla. i heard super charging was free with older model S, idk how true that is
it is but only on very old ones or ones that have had it transferred to a new one.
I was thinking about buying a Tesla, but I've decided to go with the Prius Prime PHEV. Some of the reasons for it were mentioned in the video. For my situation, I don't have the ability to install level 2 home charging, so, that alone makes buying a Tesla unappealing. Also, the range for Teslas aren't quite up to par. I'd rather be able to drive short range full EV in town and be able to get 500-600 miles of range in hybrid mode when I occasionally need to make long road trips.
Here in the Netherlands, taxi companies are switching to VW ID4, Škoda Octavia iV and Superb iV because the maintenance costs are much lower than the Teslas they used before. The costs of repairing damage to a Tesla are also ridiculously high and sometimes take months before you get it back.
Additionally, Teslas' insurance costs are 50% higher than other comparable EVs.
Car rental companies are now also getting rid of their Teslas for the same reasons.
I like Teslas, but now I have to think twice before buying one. S
Wow! you have it worse on insurance than we do in the US. I priced Model 3 insurance a few weeks ago and it was only $200 a year more than a similar ICE vehicle. I haven't heard of any major complaints in the last 6 months about getting parts in CO for Teslas. There were a lot of issues prior to that time period but most car manufacturers had issues through the pandemic.
Actually, the real reason car rental companies are getting rid of their Teslas is because Tesla has been able to reduce the price of their products by increasing their production efficiency. The dropping cost of buying new makes it harder for those taxi companies to make money selling their used vehicles. Since they are used to making their biggest profits by selling their used vehicles, they want to stop using Teslas because it's clear Tesla intends to keep pushing the price of their new vehicles down to broaden Tesla's market and accelerate the transition to fossil fuels. Obviously, the taxi companies are going to point this out to the purchasers of their used vehicles. Why would people buy used when they can get new for very comparable prices.
I looked recently but unfortunately european EVs are just inferior at the moment. You may get better uality interir with bmw / audi / mercedes but on one hand they make kinda crappy looking cars nowadays, and they have an inferior drivetrain. Vw went downhill with their interiors, and you can get an id4 that is ismilarly priced as a model 3 (Vw had to lower prices hugely after Tesla forced them to), but it looks like any generic Vw suv in last 10 years (that's not a compliment), and it's just worse not to mention the charging infra is also worse compared to superchargers. 20 cm taller and 20 cm shorter speaks about how grotesque and inefficient it is. Skoda just lost its comptitive edge by raising prices in the past 5+ years so it's no longer a realistic option imo.
The only companies that are not quite there but close are Kia / Hyundai with their ioniq 5/6/ev6 etc. models, and maybe the Chinese that we really don't have any info about in terms of long term use, reliability and service experience. And if you look up the Canadian stories with the 60k cad battry replacement for Ioniq 5 for a damaged protective plate that's just insane.
So I am surprised anyone would change their car because Tesla model 3 is pretty much superior to everything we have on the market currently, like it or not.
I am not familiar with taxi usage insurances, EV insurances are just generally high unfortunately. I currently pay 600 euro for my 1.4 tsi octavia, a m3 would be 900, vw id 4 would be 700 (calculated at huk24). If for some reason I would not choose a tesla I would rather consider Kia or chinese before vw, they are just struggling, following the others. :(
I agree that the ID4 is not so good as Tesla.The VW ID4 is built on a bad platform and still have a lot off software Issues.
I think that the taxi companies had a good deal with the VW dealer.
Yesterday i saw view MG ZS EV as taxis.
The taxis that driving here are not very big cars.
Mercedes and Audi are to expensive for the Taxi Companies. @@bencze465
Go locally made.
Good video...the extra expenses you list don't seem too out of line. I'm with Erie Insurance at the moment, so I'd suggest checking them out too to get a comparison quote next time you're up for ins renewal.
Just bought my model Y yesterday, I live in South Florida, $3000 for six month policy for insurance. That being said, I am looking forward to bypassing the gas stations while avoiding the superchargers. My wife is a full-time student and she can charge at her school for free. That will be nice! Channel best content for Teslas on UA-cam.
I love your videos…very useful info and presented in a very engaging manner… thank you for your time & effort!
This was a pretty good and honest video about a Tesla ownership I can relate to for my rwd model 3. I can say that the $200 registration fee Texas is charging hurts... It takes away a lot from the EV ownership savings..
$285 in GA, mate 😂
@@khao1412 ouch
that’s insane
Yea, i know
$662 in CA
Thank you for your information. I have plan to buy Tesla with out costing information. Now I change my mind not only me I will tell my friends.
Thank you
Your mistake.
What are those scary huge costs to maintain an ICE car? Oil changes? Spark plugs every 10 years? My OEM tires on my ICE car lasted 70000 miles.
You should change them every 40,000 miles. Thats not “they lasted”, its negligence
@@AncientRe that's not true lol. You should change tires either when the thread depth reaches the wear marker or when they deteriorate with age. Wear depends on car weight, road conditions and your driving styles. You're incredibly confident for someone who doesn't know what they're talking about.
Looking at the Tesla service chart (most of which also apply to ICE vehicles, but more):
1. Brake fluid: Because the brakes rarely get used, you can probably extend the time between replacing.
2. A/C desiccant - probably correct.
3. Cabin filters - OK. But very cheap to buy, and can be done at home.
4. Brake calipers - ONLY if on salted roads. (Never in Australia though).
5. Rotate tyres - Can also be done at home, or AU$50 at MyCar. Cheap ! You can also extend it to more kilometres.
I was about to trade my fiat 500e for a cheap 2013 Model S but the insurance was like 6x higher, more than depreciation or gas savings
These are things that people should expect especially tires. Sounds like you’re knit picking every little thing these are all things that you would still have to do in an ICE car. The other things such as accessories are just that accessories you don’t necessarily have to have them
I appreciate your comments very much. Thank you.
I’m in BG KY and am looking into getting a Tesla for the first time, and was curious if KY had additional registration fees. Thanks
As a Texan who has put 28k miles on our model 3 since we bought it 8 months ago.. alot of us drive an hour into a city pretty regularly... most trips out of the house are an hour one way if you dont live inside the big cities.
35 min for me in Texas
Im in Texas/near austin as well. Would you recommend the model 3? I have regularly drive about an hour or more a day since everything is so far away in Texas. I also know EVs have higher insurance rates right now, and Texas in general has high insurance rates. What is your take?
Your commutes are a good reason for full Autopilot.
My commute is 20 to 35 minutes, depending on the day and time of day. And I use it.
I enjoy my coffee in the car, listen to the news and sometimes even answer an email. It's a more relaxed experience. No, I don't completely take my eyes from the road, nor the car would let me either. Still more relaxed than a regular drive.
I do live in one of those big cities in Texas.
That is the perfect use profile for an electric. I'm 1 hour or more out of the city but I'm retired and only take a trip every few days. Drive the wheels off that thing!
They're so nice to DRIVE. Why spoil it with Full Autopilot? I've had a 30 day trial for about 20 days now. Meh. I don't know how old your Tesla is, but mine is new and you have to have hands on the wheel or it kicks you off the reservation until your next trip.
Here in Fl, I had a couple of insurance companies quote me like 460 a month In insurance. It is insanity. I got it down to $250 a month so I can live with that. I pick up on the 19th and my buddy installed a 240 outlet for free for my charging: I’m insanely excited for my 24 model 3!
at 3:49 Green Light ....lol , great content , thank you
These so called "hidden" cost apply to all cars, even ICE. Cabin air filter, Brakes check and fluid changes. Look at any owner's manual and you will find these things. Just that most people ignore them. If you have to rely on Super Chargers for all charges, an electric car might not be right for you.
Nice list… all things every car, including ICE, should expect.
I think the insurance thing will change as service options improve. Remember, most of the cost in insurance relates to accidental damage and EVs have only limited body shop options at the moment. Tesla parts are on the whole cheaper than their direct Euro competitors but they have supply chain issues, they write off batteries a bit prematurely and the aluminium body is more difficult to panel beat than steel. Increased insurance is not just a Tesla problem either - it affects many EVs for the above reasons.
Does your Tesla remind you of this maintenance? Or do you have to check and time yourself with the schedule you showed in the video?
My Expenses - $0.064per kW home charging, $500 - 6-20 outlet (60’ from box and needed expansion panel), $230 Mobil charger - ccs / j1772 adapters $100, charger port cover $15 , cord hook $15 , OH registration fee $200 annually.
20% extra for charging in the winter. I am outside and preconditioning takes up to an hour so about 3-5 kW per day just to precondition. Preconditioning uses more than my 3.8 kW/ 16 miles per hour range charge rate. So I can leave with less miles than when I started preconditioning.
What's "preconditioning"? Can't you sit and drive off?
@@sunshadow9704 totally can get in and drive off without preconditioning. The benefit to preconditioning is warming up the battery for optimal performance and efficiency. If your battery if super cold and you drive off you won’t have regenative braking for a while and can’t recapture that energy when slowing down. Also so much energy goes into warming up the batteries that your range just tanks. For example. If it’s 10 degrees out and I precondition for my 20 mile drive into work I might use 20-25 miles of range. If I don’t precondition I will likely use close to 40. It probably all works out similarly with total used. Use it up front or while you drive but you can go allot further on a charge if you precondition your battery.
@@BurnseysRT Thank you for the prompt reply.
1. Can preconditioning be activate via mobile app?
2. Do you define the scope of preconditioning, or rather it is a toggle, like ON/OFF?
3. While precondition as you stated might help with the range, doesn't itself take some energy from very same battery to run preconditioning?
4. If regenerative breaking isn't available for some time at cold temp, doesn't this create a hazard as it mess up with driver's expectation? Like last night car was slowing near the interaction by itself and today it doesn't. I bet most drivers cannot keep up with such swift and unpredictable behavior of the vehicle.
Thoughts?
@@sunshadow9704 1.) yes 2.) it is a toggle on and off but you can set the time for the preconditioning to be completed. 3.) ideally you would want to precondition while plugged in at home. I have a 6-20 outlet that gives me 3.8 kW charge. That is usually enough to precondition without loosing range. Once it’s warm it will top off the battery. 4.) it can drive a little different time to time. In most cases even without preconditioning your have some stopping power when letting go of the accelerator.. if it sits outside for hours in single digits for a few hours it’s like driving an ICE car for 5-10 minutes and then it improves. If it’s 20-30+ degrees plus you’ll have most of your braking power but it might not be able to recapture energy until it’s warmer. It’s gotta be very severely cold to have no auto braking.
I would love to have those electricty prices. I live in sweden. We have hydro wind and nuclear. I pay $0.26 per kwh :/
Don't forget EV road taxes when renewing your registration (depending on your state).
Mine is $290/yr starting this year
$400 in Illinois!!! I about fell out of my car, when I saw my plates arrive with the registration page.
@@Whimsy4fall I just renewed my Tesla registration in Illinois 2 months ago and it was $251 ($100 extra). Is it increasing to $400?
@@Jetfuture737 I think it's $400 the first year and $251 annually after that. It's kind of a rip-off for me since I won't be putting so many miles on this car.
I didn't buy it to save money. I like the tech and the driving experience. These cars are a hoot. Thought about getting a more expensive EV. If a new Model S LR had been available in late Feb, I'd have sprung for it but there were none around. I waited 8 weeks for mine. I think I'm better off with this M3 LR because the tech is advancing so quickly on EVs. Depreciation on a pricey one will be a killer.
Does installing a mount for a movable screen void the warranty?
As always, manufacturers can only refuse to honor the warranty if the user changes could reasonably have been assumed to have caused the issue.
No. Only an issue if something is wrong that is related to the alteration.
Knowledge is power about EV ownership costs
PSE local bins power consumption cost, so when you charge the EV with hundreds of KWH of electricity it can make each KW more expensive in that higher tier pricing + the DOL EV charges on the annual registration / its not all roses and sunshine
A large part of non-Tesla servicing involves simply checking components. The purpose is to find any problems before they cause a major issue or create a dangerous situation. Not doing this on any vehicle, EV or not, is crazy. The only regular maintenance that is ICE specific is an $80 oil change per year.
You forgot to include depreciation cost.🤔
I am glad because used Teslas are way more affordable
depreciation costs are not a real thing with EVs right now. Most people buy to keep and the used EVs are mostly from business use or leased.
Depreciation is for people that switch cars every 3 or 4 years. I have never sold a car before its 10th birthday.
@@That-Guy_ yea, all cars level out at a realistic value before they hit super old age.
I didn’t buy a Tesla to save money. I knew I had to get a new car, did my research, and chose a Tesla. It costs some money to upgrade and install a home charger, but wow. The convenience is worth it.
every house in Austrrali has a 10amp 240volt plugs this is the standard plug for every house. we can charge off the bat at 2kw an hour. if we install a tesla 32amp charger we will get 12kw per hour on 3 phase.
I used the FSD once during the post-purchase free trial period… and it changed lanes, on its own, twice… weirdest and hella unnerving feeling… 😬
5:00 Accesaccessories, Even though you get an iPhone 15 pro max, they don't give you screen protector or phone case
Wish I would have known about the TIRES!😢
I don’t see this as a huge concern really. I had a 485 HP scat pack before my model 3. That was a 4300 lbs car. I drove it aggressive and still got 35k out of the oems
@@BurnseysRT I'll be lucky to get 20k miles. This is common with Tesla's because of the torque and weight. The acceleration is unbelievable but it comes at the expense of the Tires. Tesla's acceleration exceeds that of any internal combustion engine muscle car.
@@jermaine8685 I can vouch for that. My Tesla Model 3 long range would smoke my Scat Pack from 20 to 60 or 70. Faster than that my Scat felt quicker but that 20-70 mph range is everyday driving and that’s where it counts.
@@BurnseysRT You can change that, I'm sure you know.
Everything you talked about has to be done on ice vehicles, stay out of the accelerator and tires last longer (my first set have close to 30,000 and still have 5-6/32. Screen protection, have on tesla and also ordered for Camry. Have questions about fed when Tesla can’t get the auto wiper to work correctly. $250 to have electrician install 14/50 plug and $50 for an adapter and pay 10.7 cents an hour.
Simple way to tax cars for road use: When plates are renewed, apply a tax: wheelbase (perimeter, area, or something like that) TIMES mileage over the last year. Simple, unambiguous, and the same regardless of the motive power.
Of course, that might be too simple for some mentalities.
Uh, no, it should be based on weight of the vehicle because they weight of the vehicle being driven times the mileage is what damages the road, not the wheelbase.
Australia tried this, and it does not work. Example: You pay say $200-$400 a year State tax, that is fine, BUT... If you drive a lot of interstate miles, (let's say 75%) then the tax per mile for the State you are in is ridiculously high - a total ripoff in fact. (This WAS going to happen to me, but the Fed Govt here in Australia outlawed it.
How about curb weight? Simpler yet.
I'm OK paying more for EV license to account for road tax. I'm not buying any fuel so that's fair. What's not fair is that I'm putting low miles on my EV but I'm paying for 12K miles/year.
I don't care really. I'm paying for EV experience and I'm enjoying low maintenance and fuel cost. EV's aren't the bargain they first appear to be unless you really have the right situation....long daily commute and ability to charge nearly 100% at home...and inside if you live where it gets cold out. I have a heated garage and already had 220V wired. No cost for installation.
@@tombrown6329 Curb weight may vary. At a given time, you could have passengers or cargo, or have different tires, or possibly other things. Probably not a big difference, but the wheelbase is unequivocal. It's not going to change. Then you multiply that by the mileage (current minus the last reading), and you have the basis for the fee.
I could simplify it further. There would be a database that shows the wheelbase for your particular model. In the usual case, that could be just looked up, and used as the default. If you have some sort of special case, you could ask for a discount from that. I don't know what special case there might be, but you could always allow for exceptions if they occur.
You put on fewer miles, so with what I'm saying, that would be multiplied by the wheelbase. So yes, you would get a break for that. In fact, if you don't drive much, it could be quite a big break.
Your second paragraph has nothing to do with what we were talking about.
Yea charging is incredibly expensive where I live in MA. My home charging rate varies from $0.21 per KWH to $0.32 per KWH and supercharging is $0.42-0.48 per KWH.
I chose wheelbase because it's not equivocal. Weight can vary depending on various factors. Wheelbase is hard to cheat on. You could measure it, or just go by the specifications for that vehicle. I'd say go by the latter unless there is some evidence of it being modified, in which case you could go by the former criterion and actually measure it. IAC wheelbase doesn't exactly track weight, and weight is what we really care about, but it doesn't have to exactly track. Wheelbase indicates what we want to know, closely enough.
Insurance in Tampa Fl is $1700 per 6 months for my M3
Yowza. I had around $58 per months in OH.
Need to compare what would an equivalent priced BMW cost to insure for 6 months.
15:40 keep in mind evs are heavier and wear out the roads faster.
Model 3 weights 4,000 lbs. That's not heavy these days. A BMW 3 series or even an M2 is going to weigh that much. Any of the US performance cars with a decent sized engine will may that much or more. If you compare to a small Honda or Toyota, the ICE wins, but you're driving a little cracker-box. If $ is the only concern, then get a used, cheap ICE or hybrid. It'll save you money until things start breaking on it. Then just throw it away and find another one, I guess.
@@tombrown6329 'untill things start breaking on it' like Teslas are immune to things breaking on them. They'll last for millenia apparently.
26M:
I got quoted from State Farm full coverage $144/month (there is no 6 month or 1 year discount).
This is exactly the kind of video where anyone who doesn’t like EVs or needs an excuse not to go towards EVs will say .. “See… Tesla or EV is not cheaper to maintain than the counterpart ICE car”. I disagree with few points you mentioned … 1) Tires go on for 25-30k miles and if you drive without a lead foot; but yes, if you are aggressive this will be less 2) Insurance rate depends on your history; it is higher but not that higher 3) if you are not home charging, you should not buy EV. Home charging is where you save money. We are paying 1/4th in electricity for what we would have otherwise paid on a gas car. We have already saved $1200+ in one year. 4) Time saving the car provides by not having to go to gas station; it is always charged. 5) Your point about accessories is flawed. It’s up to the owner to spend however money they want to spend. 6) For many of the services, Tesla will come to you. For example for our tire rotation, Tesla service came to our house and did it. Saved me time which otherwise I would have done to go to ICE dealership or tire shop. And, this is something you can do yourself.
I totally agree that it’s not zero maintenance; but overall it has been much cheaper to drive and maintain as compared to our other gas car. Plus the experience has been much better.
The price to lube the brakes is more than a non synthentic oil change costs. Plus if your ICE car is under warranty, I can't see it costing more to maintain than a Tesla for the average vehicle ownership period as tires wear out much in a tesla and that will be your biggest expense.
I owned a Tesla Model X from 2016-2021, the best car in 40 years, no issues, no range anxiety, no charging in the cold problems, the Falcon Doors worked flawless. The Tesla X saved my life going 65 mph in Kansas City on 435 south loop. A very large Church like chair fell from the back of a truck. I did not have time to respond but guess what, the car steered left to avoid the chair crashing into my windshield and likely severely injuring me or worse. Then steered back into the original lane to avoid a car to my left rear blind spot. There no amount of features better than collision avoidance. For Tesla its routine to help its drivers, its built into the design of this EV
Holy Cow ! Good for You ! (was that FSD, or was that 'simply standard' collision Avoidness ?
@@larrylong9367 it was in self drive mode with camera and IR. I don’t think it was FSD. I don’t care what anyone else thinks this car saved my life more than once. I just got a Dual Motor Y. But I really want a Cybertruck. I’ll wait a 2 years to buy it
Some people ride share drivers do replace the battery every 2 years because they fail from over charging.
14:25 me crying in miami 😭 you will definitely pay 700$ for half coverage PIP
my 1st set of tires on a Ford Ranger I bought new, lasted 105,000 miles
This has been the case for many EV owners. A lot of it is mostly just people abusing the torque. It's basically like periodically racing at every stop or after turns.