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vparikh | 2 years ago

Electric cars are still a luxury good. I can afford to buy a Tesla Model that equipped with AWD, and auto pilot (for me the marquee feature on the Tesla) comes in at 67,000 before any state & federal incentives.

To put it into perspective - A Toyota 2023 Corolla Hybrid SE Infrared full loaded with AWD will cost me 30K. A Toyota 2024 Camry XSE Hybrid costs $3750 all in with all of the upgrades.

Hard to justify 30K+ more for an electric vehicle - unless that is what you want an are willing to pay for it. But at this point - you can't justify the expenditure at all.

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MisterBastahrd|2 years ago

I won't pay 30K for a vehicle in the first place. I drove a Nissan Rogue Select for 6 years before it was totaled on the highway in a rear end collision. For the past two, I've driven a Mitsubishi Outlander Sport.

I paid $32K total because I bought them both with 2 years on them.... and I received $13.5K back from insurance for the Rogue Select that I paid $14K for because of how wild the market was during the height of COVID.

Not sure exactly what buying a $60K vehicle is supposed to do for me. The cars had Airplay, cruise control, and AC. What else am I supposed to want?

Tagbert|2 years ago

You bought them used. That is a different market and price structure. Most cars lose value drastically in the first year of ownership.

DaveExeter|2 years ago

It's called signaling.

You buy a $60K car to signal your wealth. It's why women buy $6K handbags.

w0mbat|2 years ago

Forget auto pilot, I have full self-driving, but only because I bought a secondhand Tesla in a private sale and it was already enabled.

Although FSD is technically impressive, it is not a must-have feature. I have played with it a few times, but to be honest, the car is so much fun to drive that I WANT to do it myself.

Just get a regular 3 or Y, both are great value with the tax rebates floating around now. The money saved on gas, oil changes and dealer servicing soon makes up the difference in cost.

enlyth|2 years ago

New cars in general are a luxury. Lots of people rely on their 2k beater to get to work, shop for groceries and drop off kids at school.

Should they be priced out of the economy completely?

racl101|2 years ago

Heck I make six figures and drive a $5000 Honda from 2010. I just can't justify spending so much money on a. electric car.

wizofaus|2 years ago

Ooh, where can I get a 2024 Camry for $3750?

(Actually it's interesting to see car prices in the US seem quite high when converted to AUD - e.g. the base Tesla price in the US is supposedly 48k, equivalent to 72.5K AUD, but they're advertised for 66.5K here. In years past I'm fairly sure that wasn't the case, though it's still true that on a PPP basis they're more expensive here.)

vparikh|2 years ago

Sorry meant to say $37,500

seanmcdirmid|2 years ago

> A Toyota 2024 Camry XSE Hybrid costs $3750 all in

I think you missed a zero.

Is there a reason you aren't considering the Leaf or the Bolt?

CameronNemo|2 years ago

Leaf and Bolt cannot be used for road trips with similar convenience to an ICE vehicle or Tesla Model 3.

_ea1k|2 years ago

Where are you that an AWD Tesla costs $67k? Both the 3 and the Y offer a $48k AWD version with AP included.

wizofaus|2 years ago

I gather the auto pilot option costs another 15k.

vparikh|2 years ago

The full auto pilot option is $15,000 additional

ar_lan|2 years ago

> A Toyota 2024 Camry XSE Hybrid costs $3750 all in with all of the upgrades.

Was this a typo? There is no way this is true.

vparikh|2 years ago

Yes - I meant $37,500

vparikh|2 years ago

Sorry for the confusion everyone - I meant to say $37,500