Tesla Model 3 Total Cost After 5 Years! I'm Shocked

UPDATE: It's Time to Replace My Tesla Model 3 ➡ https://youtu.be/b4pgDQEj8tw

One of the biggest costs of car ownership is depreciation/resale value. It needs to be included for a real comparison.

I travel less than 3,000 miles per year, cannot write off taxes, but mostly do my own maintenance. This makes buying a second hand reliable car, and running it to extinction my best economic option.

You forgot something very important: re-sale price. Re-sale price should be discounted from the total cost of ownership for the given time period.

Please re-release this comparison video after your first battery replacement. The Camry, with proper maintenance, will never need a new engine, or transmission before some three decades.

Surely the biggest factor missing is what the residual value of each of the vehicles would be after five years?

I would be curious to see both vehicles' depreciation cost after the 5 years.

You didn't take into account the much higher auto and homeowners insurance premiums for EVs. In our state, homeowners insurance excludes coverage of damage caused by vehicle fires in a garage -- as a result, people either don't buy an EV or they mount the charger on an outside wall and park the car outdoors.

When you try to sell your car , then you will realise just how cheap it really is.

It would appear that you didn't figure into the equation the fair market value of each car after the five years.

Do another video including the cost of battery replacement including labor. Then another video on trade in value. Then another on insurance rate comparison

imagine you live in a 3 decker house in Boston, no garage, no way to charge at home, Park on the street especially in Boston;s bitter winter, and how much do you pay to keep the battery car charged everyday. In old cities in the Northeast thisis reality for most people. Buy the Camry, have no range anxiety, buy gas everywhere, no wait, Compare a Toyota Prius and again the battery car loses.

What about the battery if it needs replacing?

I just read and article about a fellow in British Columbia, Canada, who sustained minor damage to the battery protective cover of his 2022 Ioniq 5. The dealership he went to said they could not guarantee the battery was not damaged, so to maintain his warranty coverage, he had to get the battery replaced. Cost of a battery replacement $60,000 CDN. Cost of a new Ioniq 5, $58,000, so ICBC (the only option for liability coverage in BC), wrote the car off. The object he hit had only caused minor damage to the battery cover, but if he kept driving the car and the battery caught fire, he would not have any liability coverage, not to mention, no warranty. People will think long and hard about range limits and long term battery reliability when they weigh the options between an ICE or EV purchase, but rarely think about the implications of getting involved in a collision. Even if your car isn't written off, there should be concerns about the number of shops that are qualified to fix it and how long it won't be available for you to drive.

I've got 3 Toyotas. A total of 5 years and 55k miles of ownership. The only issue ive had across all 3 vehicles was a nut came loose on the back hatch of my 4runner. It took me 10 minutes to fix. I know where my money is staying. Also, a battery pack replacement is significantly more expensive than an engine replacement.

When (miles) does the Tesla batteries need to be replaced and how much is that cost versus engine replacement of camary?

you shoudn't use the goverment disc. in your comparation because it won't always be there. also what dose the weather affect the battery range?

What other factors which need to be taken into account, is the current resale value of each vehicle, plus the cost of replacing the batteries, when needed. This is one factor, few ever regard, when comparing.

I would like to see vehicle depreciation calculated in this comparison.

What does a replacement battery cost? And would it need to be replaced within your ten year period? And would you buy a second hand BEV approaching battery replacement time?