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Pedantic: That's actually not true if you consider the time value of money and current prime mortgage rates.
by deelowe 10y ago
Pedantic: That's actually not true if you consider the time value of money and current prime mortgage rates.
- msandford 10y agoThat's absolutely fair, but a Tesla is $80k and the note payment on $80k is at least $1k/mo. A reasonable note payment on a gasoline car is $300/mo and you can buy _a lot_ of gasoline or diesel for $700/mo, before you put a single electron into your Tesla. Sure there are ostensibly other EVs out there. But it's basically a fun car to drive (Tesla) or a total bummer (Leaf or Volt). I've got something in between (turbo 4cyl) for half the cost of a Tesla per month, fuel included. Perhaps once the Tesla is paid off it gets super cheap to drive, but about that time you'll need a new battery pack I'd suspect. So in a way a Tesla is a $60k car with a $20k prepaid fuel card. It's cool, don't get me wrong. But unless you're willing to bury your head in the economic sand in a pretty serious way, it's not somehow more affordable than a car based on a traditional ICE.