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Your friend's Tesla did not drop in resale value because of the battery. If anything a new battery would make those who fear battery degradation more willing to

by aprilthird2021 2y ago

Your friend's Tesla did not drop in resale value because of the battery. If anything a new battery would make those who fear battery degradation more willing to buy this used car. It dropped because Teslas in general have a high maintenance cost associated and a high insurance cost (because insurers also see it as costly to maintain). High maintenance cost tends to sink a car's resale value. I know the car does not need oil changes or have the possibility of various failure modes an ICE car has, but when it does have an issue, like a dent or a scrape, etc. the cost to repair is much higher.

cobri 2y ago
As of 11/13/2024, Consumer Reports rates Tesla as the lowest maintenance and repair costs over the first 10 years of ownership, not factoring in insurance or collision repair. https://www.consumerreports.org/cars/car-maintenance/the-cost-of-car-ownership-a1854979198/ https://www.consumerreports.org/cars/car-maintenance/the-cos...
- thejazzman 2y ago
  They didn't ask me about my $15k battery replacement that occurred the day after my warranty expired Doesn't much matter how good the cells are when the wires in the pack just magically corrode
  - bdangubic 2y ago
    outliers always exist, you were dealt bad hands. I think also if you pushed hard you could have gotten this covered, just needs a whole lot of yelling and if that doesn’t work going social and trying to get some publicity behind it, especially if it was 1 DAY after warranty expired. I personally thinks it makes financial sense to get extended warranty for things like this, $15k used to be a price of a new car, getting a warranty to cover that past Tesla’s warranty I think makes financial sense. My wife recently bought pre-owned eTron and I made her get extended warranty after doing research online about maintenance costs on them
    - thejazzman 2y ago
      Arguing got it down to $7.5k and beyond that I needed a lawyer. I paid it, and kinda regret it, because not only is it a refurbished battery, it's basically useless on a trip/supercharger now as they cap the speed to absurdly low levels. Like 10%/h. Car only had 70k miles on it, too. I appreciate that you didn't call me a liar, which has been my past experience anytime I mention something negative about that company
      - bdangubic 2y ago
        I have a colleague at work that had the same experience as you - it was close to 9 months after warranty! For sure this is a thing - can’t believe someone called you a liar! There are other people on various Tesla forums with issues like yours. Is the supecharger capping a thing? Like for any refurbished battery? I didn’t know about this!!
        thejazzman 2y ago
        I'd only seen it mentioned with regards to salvage titled cars before my own experience. They certainly didn't tell/warn me that this would happen. They actually did the opposite (of course), insisting it would be warranted and as-good-as-the-battery-it-replaced. They said I could buy a new one for like $30k....... the car was worth about $20k, assuming it was working, which it wasn't. It stings. Can't even write it off in my head as supporting the EV movement with how soured that's all become.
- aprilthird2021 2y ago
  But that's not factoring in the exact things I'm talking about: insurance and collision repair, which are both higher on this make
  - bdangubic 2y ago
    insurance and collision repair works out not much different from other luxury cars. if you think tesla’s repairs are high see about owning a mercedes or audi… again, even if this was true, you are shitty driver and have to pay premium for tesla insurance, given virtually $0 in maintenance you’d still come out on top
    - aprilthird2021 2y ago
      I agree that if you pay $0 in maintenance you come out on top. But since you will have to pay high insurance and potentially high repair costs (and those repair costs get closer the older the car is), the price of the car tanks on the used market. > insurance and collision repair works out not much different from other luxury cars No, it does work out differently than other cars of a same retail value, that's very well documented. See my other comment
      - bdangubic 2y ago
        This is poor documentation... again I'll say if you are a shitty driver you will be paying high insurance and you will be having issues fixing the car and whatnot not matter what the car is. I have been a driver since 1993 and have had one claim where I was at fault (slippery road, rear-ended a car in front of me). my insurance on the Tesla is as cheap as it gets, like $68/month. have several friends that drive Teslas too (mostly 3 and Y) and no one is paying high insurance. if you know you are going to F sh*t up with the car and have bunch of claims on it and have it at the shop all the time - I agree with you Tesla is not for you. But if you are a good driver insurance and maintenance is not a thing you need to worry about at all...
        aprilthird2021 2y ago
bdangubic 2y ago
with all due respect every single reason you listed here is 100% wrong… I have had Tesla S 2014 for now over a decade - the cost of “maintenance” exactly $0.00. here’s what my costs have been (I have free supercharging so we can say this has been total cost of ownership) - new internal battery $220 - new modem when switch to “5G” was made - $250-ish - new tires that is it. after 80k miles I am still on original brakes cause with regerative braking I seldom-to-never use the brake (as my wife would say if I use a brake on Tesla it is always followed by F-bomb at another driver) not sure who told you all these things but they are all 100% wrong - no exception
- aprilthird2021 2y ago
  Please read this part of my comment: > but when it does have an issue, like a dent or a scrape, etc. the cost to repair is much higher. This is why insurance on Teslas is higher. It is not uncommon for bodywork on Teslas to be far more expensive than on other cars, and since bodywork is the majority of insurance claims, it factors in. You can read about why insurance and repair costs are higher at many sites: https://www.compare.com/auto-insurance/vehicles/tesla/why-is-tesla-insurance-so-high https://www.compare.com/auto-insurance/vehicles/tesla/why-is... https://www.businessinsider.com/tesla-car-insurance https://www.businessinsider.com/tesla-car-insurance https://www.theguardian.com/money/2023/sep/30/the-quotes-were-5000-or-more-electric-vehicle-owners-face-soaring-insurance-costs https://www.theguardian.com/money/2023/sep/30/the-quotes-wer... https://www.nerdwallet.com/article/insurance/tesla-insurance https://www.nerdwallet.com/article/insurance/tesla-insurance
  - bdangubic 2y ago
    I HAVE a Tesla :) Insurance is fine unless you are a bad driver, just like insurance should be. I pay roughly 40% less for Tesla vs. my other car which is audi etron. KBB on both comparable. Even if insurance was higher, the actual cost of ownership/maintenance is practically $0.00 so even if I was paying 25% more in insurance compared to some comporable I’d still choose Tesla every day of the week and twice on sunday
    - 2y ago

cobri 2y ago

As of 11/13/2024, Consumer Reports rates Tesla as the lowest maintenance and repair costs over the first 10 years of ownership, not factoring in insurance or collision repair. https://www.consumerreports.org/cars/car-maintenance/the-cost-of-car-ownership-a1854979198/ https://www.consumerreports.org/cars/car-maintenance/the-cos...

thejazzman 2y ago
They didn't ask me about my $15k battery replacement that occurred the day after my warranty expired Doesn't much matter how good the cells are when the wires in the pack just magically corrode
- bdangubic 2y ago
  outliers always exist, you were dealt bad hands. I think also if you pushed hard you could have gotten this covered, just needs a whole lot of yelling and if that doesn’t work going social and trying to get some publicity behind it, especially if it was 1 DAY after warranty expired. I personally thinks it makes financial sense to get extended warranty for things like this, $15k used to be a price of a new car, getting a warranty to cover that past Tesla’s warranty I think makes financial sense. My wife recently bought pre-owned eTron and I made her get extended warranty after doing research online about maintenance costs on them
  - thejazzman 2y ago
    Arguing got it down to $7.5k and beyond that I needed a lawyer. I paid it, and kinda regret it, because not only is it a refurbished battery, it's basically useless on a trip/supercharger now as they cap the speed to absurdly low levels. Like 10%/h. Car only had 70k miles on it, too. I appreciate that you didn't call me a liar, which has been my past experience anytime I mention something negative about that company
    - bdangubic 2y ago
      I have a colleague at work that had the same experience as you - it was close to 9 months after warranty! For sure this is a thing - can’t believe someone called you a liar! There are other people on various Tesla forums with issues like yours. Is the supecharger capping a thing? Like for any refurbished battery? I didn’t know about this!!
      - thejazzman 2y ago
        I'd only seen it mentioned with regards to salvage titled cars before my own experience. They certainly didn't tell/warn me that this would happen. They actually did the opposite (of course), insisting it would be warranted and as-good-as-the-battery-it-replaced. They said I could buy a new one for like $30k....... the car was worth about $20k, assuming it was working, which it wasn't. It stings. Can't even write it off in my head as supporting the EV movement with how soured that's all become.
aprilthird2021 2y ago
But that's not factoring in the exact things I'm talking about: insurance and collision repair, which are both higher on this make
- bdangubic 2y ago
  insurance and collision repair works out not much different from other luxury cars. if you think tesla’s repairs are high see about owning a mercedes or audi… again, even if this was true, you are shitty driver and have to pay premium for tesla insurance, given virtually $0 in maintenance you’d still come out on top
  - aprilthird2021 2y ago
    I agree that if you pay $0 in maintenance you come out on top. But since you will have to pay high insurance and potentially high repair costs (and those repair costs get closer the older the car is), the price of the car tanks on the used market. > insurance and collision repair works out not much different from other luxury cars No, it does work out differently than other cars of a same retail value, that's very well documented. See my other comment
    - bdangubic 2y ago
      This is poor documentation... again I'll say if you are a shitty driver you will be paying high insurance and you will be having issues fixing the car and whatnot not matter what the car is. I have been a driver since 1993 and have had one claim where I was at fault (slippery road, rear-ended a car in front of me). my insurance on the Tesla is as cheap as it gets, like $68/month. have several friends that drive Teslas too (mostly 3 and Y) and no one is paying high insurance. if you know you are going to F sh*t up with the car and have bunch of claims on it and have it at the shop all the time - I agree with you Tesla is not for you. But if you are a good driver insurance and maintenance is not a thing you need to worry about at all...
      - aprilthird2021 2y ago

bdangubic 2y ago

with all due respect every single reason you listed here is 100% wrong… I have had Tesla S 2014 for now over a decade - the cost of “maintenance” exactly $0.00. here’s what my costs have been (I have free supercharging so we can say this has been total cost of ownership) - new internal battery $220 - new modem when switch to “5G” was made - $250-ish - new tires that is it. after 80k miles I am still on original brakes cause with regerative braking I seldom-to-never use the brake (as my wife would say if I use a brake on Tesla it is always followed by F-bomb at another driver) not sure who told you all these things but they are all 100% wrong - no exception

aprilthird2021 2y ago
Please read this part of my comment: > but when it does have an issue, like a dent or a scrape, etc. the cost to repair is much higher. This is why insurance on Teslas is higher. It is not uncommon for bodywork on Teslas to be far more expensive than on other cars, and since bodywork is the majority of insurance claims, it factors in. You can read about why insurance and repair costs are higher at many sites: https://www.compare.com/auto-insurance/vehicles/tesla/why-is-tesla-insurance-so-high https://www.compare.com/auto-insurance/vehicles/tesla/why-is... https://www.businessinsider.com/tesla-car-insurance https://www.businessinsider.com/tesla-car-insurance https://www.theguardian.com/money/2023/sep/30/the-quotes-were-5000-or-more-electric-vehicle-owners-face-soaring-insurance-costs https://www.theguardian.com/money/2023/sep/30/the-quotes-wer... https://www.nerdwallet.com/article/insurance/tesla-insurance https://www.nerdwallet.com/article/insurance/tesla-insurance
- bdangubic 2y ago
  I HAVE a Tesla :) Insurance is fine unless you are a bad driver, just like insurance should be. I pay roughly 40% less for Tesla vs. my other car which is audi etron. KBB on both comparable. Even if insurance was higher, the actual cost of ownership/maintenance is practically $0.00 so even if I was paying 25% more in insurance compared to some comporable I’d still choose Tesla every day of the week and twice on sunday
  - 2y ago