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Why do people think model 3 should be more expensive than a Camry? They are not even in the same class of vehicles, model 3 is closer to a Toyota Corolla than
by j7ake 2y ago
Why do people think model 3 should be more expensive than a Camry?
They are not even in the same class of vehicles, model 3 is closer to a Toyota Corolla than a Camry.
- 01HNNWZ0MV43FF 2y agoBatteries are expensive. And Teslas are expensive. I guess the 3 is a couple generations old, though? Is that why it's cheaper? My friend got a model Y recently
- lghh 2y agoThe 3 just got a refresh a few months ago.
- tiahura 2y agoModel 3 is a Cushman with doors.
- nottorp 2y agoBut it IS more expensive as someone quotes above: When purchasing, the restyled mid-size Camry hybrid is still more affordable than the Model 3, with a base MSRP of $29,804, whereas the Tesla’s entry-level sedan retails for $40,380 (including destination) and doesn’t qualify for the $7,500 federal tax credit. This leasing thing is either accounting acrobatics or high residual value or both.
- bryanlarsen 2y agoIt's both, but who cares? The lease makes it eligible for the $7500 credit due to weird rules, and a high residual makes up for the rest. But it's Tesla taking the risk with that high residual, not you.
- nottorp 2y agoOnly if you don't keep the car at the end of the lease, ofc.
- bryanlarsen 2y agoAt $300 a month, you'd have to keep the $40,000 car for >11 years for it to be cheaper to buy than to lease. (this weirdness is due to the fact you don't get the $7500 if buying this particular Model 3)
- nottorp 2y ago... if you want to keep the car after the lease is over ...