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It's a matter of degrees. A car losing 25% of its value is much better than losing 75% over the same time period. How well a vehicle will hold its value is a fa

by rurp 3y ago

It's a matter of degrees. A car losing 25% of its value is much better than losing 75% over the same time period. How well a vehicle will hold its value is a factor that many people factor into their purchasing decisions.

Rinzler89 3y ago
>How well a vehicle will hold its value is a factor that many people factor into their purchasing decisions. Cars are commodities, like microwave ovens or washing machines, not houses. You won't get any sympathy because your risky economic bet didn't pan out the way you expected it to.
- avgDev 3y ago
  One can buy a good brand like Lexus/Honda/Toyota or even BMW and be able to figure out their actual cost of ownership, depreciation is part of this. If a value of a vehicle can drop $40k over a period of a month, it is too volatile and I will never purchase such brand.
  - Rinzler89 3y ago
    >If a value of a vehicle can drop $40k over a period of a month, it is too volatile and I will never purchase such brand. And why is this bad? Who said a brand/company is entitled to a certain amount of sales just because they exist? Aren't we in capitalisms where it's sink or swim and the market/customer is right? If a product is volatile maybe it's not good and people should orient to other brands, no? If Tesla bins it, other better manufacturers will pick up the slack if the EV demand is there according to market forces. If the EV demand isn't there, maybe the EV hype was a bubble that was gonna pop sooner or later?
    - thwarted 3y ago
      Why are you interpreting bad as some kind of moral position? You seem to be purposely misinterpreting these comments to start an argument about economic systems. It's not bad that it happens, it's bad for Tesla if they are marketing their product as high-end/luxury while their product very obviously lacks the attributes, such as a stable/predictable value over time, that competitors' luxury products have. Someone deciding not to buy a product, for whatever reason, is the system working as intended. If Tesla can't produce a product people want to buy, Tesla will suffer the consequences, as they should. If they don't change their marketing or improve their product in the light of low sales, that's on them.
- lelanthran 3y ago
  > You won't get any sympathy because your risky economic bet didn't pan out the way you expected it to. No one is offering sympathy, we're just saying that when buyers are considering a car, depreciation is a consideration. Because, you see, no one simply burns down a 3 year old car when they want a new one - they use whatever equity in their existing car as part of the payment of the new car.
- _ea1k 3y ago
  Not only that, but these were rented cheaply to Uber drivers. They'd come back with worn brakes from Ubers who'd drive hard and brake hard instead of using regen. They'd have batteries that had more cycles than most from charging to 100% whenever there was a break between rides. They depreciated like a rented Uber, which seems entirely predictable.

by rurp 3y ago

Rinzler89 3y ago

>How well a vehicle will hold its value is a factor that many people factor into their purchasing decisions. Cars are commodities, like microwave ovens or washing machines, not houses. You won't get any sympathy because your risky economic bet didn't pan out the way you expected it to.

avgDev 3y ago
One can buy a good brand like Lexus/Honda/Toyota or even BMW and be able to figure out their actual cost of ownership, depreciation is part of this. If a value of a vehicle can drop $40k over a period of a month, it is too volatile and I will never purchase such brand.
- Rinzler89 3y ago
  >If a value of a vehicle can drop $40k over a period of a month, it is too volatile and I will never purchase such brand. And why is this bad? Who said a brand/company is entitled to a certain amount of sales just because they exist? Aren't we in capitalisms where it's sink or swim and the market/customer is right? If a product is volatile maybe it's not good and people should orient to other brands, no? If Tesla bins it, other better manufacturers will pick up the slack if the EV demand is there according to market forces. If the EV demand isn't there, maybe the EV hype was a bubble that was gonna pop sooner or later?
  - thwarted 3y ago
    Why are you interpreting bad as some kind of moral position? You seem to be purposely misinterpreting these comments to start an argument about economic systems. It's not bad that it happens, it's bad for Tesla if they are marketing their product as high-end/luxury while their product very obviously lacks the attributes, such as a stable/predictable value over time, that competitors' luxury products have. Someone deciding not to buy a product, for whatever reason, is the system working as intended. If Tesla can't produce a product people want to buy, Tesla will suffer the consequences, as they should. If they don't change their marketing or improve their product in the light of low sales, that's on them.
lelanthran 3y ago
> You won't get any sympathy because your risky economic bet didn't pan out the way you expected it to. No one is offering sympathy, we're just saying that when buyers are considering a car, depreciation is a consideration. Because, you see, no one simply burns down a 3 year old car when they want a new one - they use whatever equity in their existing car as part of the payment of the new car.
_ea1k 3y ago
Not only that, but these were rented cheaply to Uber drivers. They'd come back with worn brakes from Ubers who'd drive hard and brake hard instead of using regen. They'd have batteries that had more cycles than most from charging to 100% whenever there was a break between rides. They depreciated like a rented Uber, which seems entirely predictable.