► UPDATED 1 YEAR TRUE COST VIDEO: kzread.info/dash/bejne/eZ-ksbxqhc_RgMY.html

@openureyes2thetruth1

3 жыл бұрын

You forgot to mention that german suvs especially BMW, Mercedes depreciate "MASSIVELY" in comparison to Tesla and they become nightmare to maintain. I LOVE BMW, Mercedes and Audi but this is just a cold hard fact. Having bought and sold many and having family in the auto industry...

@chefgav1

3 жыл бұрын

You failed to mention long term maintenance which is ridiculous. Very Average warranty and high cost of parts is eye watering. There is a story of a blogger who reportedly had to replace a light globe at a cost of $2000 who complained which got the attention of Musk who reportedly apologised to him personally and provided it at cost. Good luck if your just an average person who needs parts

@ThePolishedapple

2 жыл бұрын

I'm not sure what you're trying to convey in your video, but it's not the cost of ownership. Some of your costs like paying the principle part of the loan aren't really costs - because you'll get some of them back when you sell. To calculate the true cost of ownership you should be including actual depreciation, electricity cost, maintenance cost and finance cost. Your video gives people some idea of the financial outlay of buying a Model Y if you have around $10k to put towards it, and that is helpful.

@rafars2246

2 жыл бұрын

Insane is to think you save money 😂

@ultimatedouchebag6760

2 жыл бұрын

you spent $50K to $90k to save gas and hunt for cheap insurance....great logic. $500 for a honda fit?

Good to know the Honda Fit is cheaper than an Airpods Max.

@RyanShawtech

3 жыл бұрын

Hahahahaha

@dreamhorse279

3 жыл бұрын

Dying

@tazahsan

3 жыл бұрын

😂😂😂

@grospipo20

3 жыл бұрын

Shots fired! Lol

@Dave--FkTheDeepstate

3 жыл бұрын

Edmonds says a used 2008 Honda Fit is worth $800 to $3,800.

$816/mo car payment is nuts. I get that you offset that with revenue from this channel, but for most people, that just seems like a bad decision.

@KimmieDeeToons

3 жыл бұрын

This video was very helpful and I would never want the first release of a car. I doubt any of these owners are keeping these vehicles until paid in full/72 months. Looking at his upfront cost, (if offered at the time) he could have paid cash to lease that vehicle for 2 years with the cash from his downpayment, trade in, etc. Makes sense why they're making fluff videos daily like their car notes depend on em lol. I totally understand now, do what ya gotta do. The cost really need to come down.

@meloapa

3 жыл бұрын

Ah yes, the internet scold appears. If you don't like it, or can't afford it, don't do it. How hard is that? Ryan ditched his FIT for five bills and that car will make someone happy (I am a fan of the FIT and if that were my budget I'd buy it in a heart beat). Generally speaking the world doesn't need people to tell adults what they should (or should not) be spending their own $ on.

@henrycruz45cal

3 жыл бұрын

Nuts??? I agree that's cheap, compared to what I paid for my 100k 2015 Model S. Monthly payments is relative to your place in life right now. One day that won't seem so high to you. Your day will come.

@02nf2i

3 жыл бұрын

@@henrycruz45cal I can easily afford a monthly payment that high. I choose not to take on that much debt for a car and incur a high monthly payment, but others may. I see your angle though-imply that I can’t afford it. If you read my comment, you’ll see that I said that this monthly payment is too high or would be irresponsible for MOST Americans. Guess what? Americans have a debt problem, a savings rate that is too low, and allow their desire for new and shiny things and instant gratification to put them in a precarious financial position.

@02nf2i

3 жыл бұрын

@@meloapa wrong. Financial literacy is sorely missing in our culture. Most people would do well to learn financial responsibility including debt and cash flow management. When the average American can’t afford a $1K home repair and splurges on debt-fueled shopping sprees, we’ve got a problem. Grown adults can do whatever they want. Go smoke 2 packs a day, eat fast food and get fat, become a diabetic, watch tv all day, buy more than you can afford. Sure-we live in a free society. But I can still give people my opinion that maybe they should consider having some restraint. That’s just one small voice in the cacophony shouting at us to buy more, spend more, accumulate more, impress more.

Wow, one of the best, if not THE best, review of a Telsa ownership after a couple of months. Incredibly detailed and useful for everyone. Thanks a lot Ryan...

I have a 10 year old Volvo diesel. It is reliable and has not let me down in 8 years. It can be serviced cheaply by the local guy down the road. To fill the tank from empty costs around 50 pounds. With this I get 800 miles, yes 800 miles of range. So If I fancy driving from London to Scotland and back on one tank, no problem. No range anxiety, no stress, no worries. To fill up takes 5 minutes and no hunting around for charge points. I can pick up a good second hand car in the UK for around 3 to 5k sterling. You do the math.

@swedish_sadhguru3854

2 жыл бұрын

Same here......in Sweden i get a nice BMW X3 for 10k usd, why buy a 60k Tesla, maybe in 10 years or so.

Loveeee this video bro. Especially the math of it all, people tend to forget that not all of your monthly payments go to the cars price and at times it could even go towards your interest first.

@daveinpublic

3 жыл бұрын

Yes, very glad he included all the extra costs.

► Best Model Y Floor Mats: bit.ly/383MPGQ

@craighonas

3 жыл бұрын

I got these mats for just the front and rear seats. I am very pleased with them. I think I paid $209 on Teslarati.

@johnringo1271

3 жыл бұрын

How much coal/fossil gas was burned for you to drive those miles. How much diesel and coal did it take to make the car?

@craighonas

3 жыл бұрын

@@johnringo1271 Hopefully a lot. I love oil!

Great information in your video. But two other Tesla considerations: batteries are heavy, so your tires will wear out sooner. And as the battery ages, its charge capacity will decrease, meaning range will decrease. I believe this is true with all EVs.

@superstarcat7654

2 жыл бұрын

And won’t using the heater and AC decrease range too? No one says how many mile decrease in range that is. And we have all heard that Teslas cannot be towed. They have to be put in a special Service mode, but you cannot do that if you already ran out of electricity. Then there is the GM EV problem of bursting into fire. GM has a directive out to not park you GM EV in a garage but far enough away from your house, so if/when it bursts into flame, your house does not burn down. They are having lithium battery issues. I have to assume that also means don’t park in a parking garage, so you don’t burn up other peoples cars too.

@chuckschillingvideos

2 жыл бұрын

Battery degradation should be included in the cost of ownership analysis above (but is not).

@superstarcat7654

Жыл бұрын

And these heavier vehicles wear out the roads quicker. No more blaming (road wear) it just on the trucks.

It might make good sense in the short term to take advantage of free Supercharging, but it may come back to bite you in the long run. Supercharging reduces battery life compared to slower home charging, and a new battery can cost over twenty grand. You can buy a lot of kWh's at $.15 each with that kind of money.

One thing to keep in mind is that there's an efficiency loss in the home charging equation. Tesla estimates about 80% efficiency, so 1,649 kWh of energy used by the car from home charging meant you actually used around 2,061 kWh to get that much power into the car.

@kvishnudev

2 жыл бұрын

Don't break his heart again.

@IkethRacing

2 жыл бұрын

tests have shown well above 90% for 240v charging and as low as 50% efficiency for 120v... just dont 120v

@RetroCaptain

2 жыл бұрын

@@IkethRacing And all private homes have easy access to 240 so it's only laziness that stops an owner from obtaining the best charging situation.

@kckn4fun

2 жыл бұрын

@@RetroCaptain Laziness won't pay the electrician's bill to run that circuit, get a permit, pay for inspection, etc etc. Think before you judge.

@nelsonpquintana3432

2 жыл бұрын

Would like to see your updated video when you replace the battery bank in 3 years(aprox $20K)

thanks for taking ur time on this video, its so helpful. thought about owning one myself so this help a lot! well done

@irvinwright4075

3 жыл бұрын

Not at all well done!

Thanks for the video . I rode in one the other day and fell in love with the torque . I Concidered purchasing a Tesla thinking I would save over time with the lack of fuel cost and much less maintenance . I now realize it's an expensive ,but fun , toy . I'll just keep driving my Toyota 'til the wheels fall off .

@jkidd7608

2 жыл бұрын

That's how I feel. I've driven a few and it's a cool experience but in the long run it's probably not worth it. Especially if you plan on owing a car for 10+ years. Tesla has an 8 year warranty on the batteries I believe. If they go bad after that point you're looking around $20,000 to replace them. Not fun. EVs probably aren't the future. Maybe gas/plug in hybrids are a better future. I'd be fine with a car that gets 50-100 miles on electric but can also run on gas.

@d53101

2 жыл бұрын

Robert Bryce said it best in his book Power Hungry. “Electric Vehicles are the next best thing, and always will be”.

He did a great job detailing a terrible financial decision.

@DJ-xs7ln

3 жыл бұрын

Especially when I can buy a good used car outright for his nine-month ownership cost. He is going to have to own that car for a long time to make it work out financially.

@greyson6391

3 жыл бұрын

This will be insane profitable since he got fsd

@aboutface102

3 жыл бұрын

Don't forget how well these hold value. If he went to sell it he could get most of that money back.

@Baker.Matthew

3 жыл бұрын

he did make a youtube channel out of it and makes a living on talking about it.

@daveinpublic

3 жыл бұрын

@@aboutface102 He spent $62K ($68K with interest) to buy the car. He also said KellyBB puts the car at $53K. So if he sold after 9 months, he'd lose $9K and some change.

Your car payment is more than my mortgage on a 2,500 square ft house not including taxes and insurance in Charlotte NC.

@motobikerider9896

3 жыл бұрын

Wow that's a closet apartment in NY, please don't move to NY🤣

@joejesus9902

3 жыл бұрын

I need to move to Charlotte. Los Angeles home prices are awful

@robertbauer1999

3 жыл бұрын

Ya but I can live in my Tesla and drive it wherever I feel like going

@thearchibaldtuttle

3 жыл бұрын

Exactly, in Charlotte!

@newbharry1

3 жыл бұрын

And more than my investment property in arizona generating $. Kinda sad. Government pumping 1200, $600 and potentially 2k for this

Outstanding breakdown and explanation of your costs, even if most folks couldn’t stomach the payments (by reading the comments). Thanks for doing this.

Arguably, the best and most articulate video description I have seen. Thanks.

I like not having a car payment way more than I like having a new car. Those payments are just insane.

@cholepuri

3 жыл бұрын

Haha... same here. I have been pushing out buying a new car for years now.

@milojayjay

3 жыл бұрын

Same, my 07 Honda still going strong 🤣

@supergrendel

3 жыл бұрын

@@milojayjay 2006 Accord here 227k miles. New clutch at 199k. Otherwise it's just gas, tires, oil and brakes.

@ZekeMagnum

2 жыл бұрын

get a better paying job then. also, obviously, pay more cash up front and lower your car payment. I am putting down 23.000 euros as car payment on my M3 LR and my monthly cost will then be 270 euros with 1.95% interest

@supergrendel

2 жыл бұрын

@@ZekeMagnum But the question is why would you put down 23,000 euros in the first place. I could buy a Tesla with cash outright but for me a car is just a means of transportation. I don’t care how fast it is or how cool it looks. I would much rather invest my money or buy property.

That trade-in value is nothing until you actually trade it in for that amount, kbb says my Model 3 is worth around $40k for trade-ins, but Tesla&Carmax&Carnava all offered merely $32k-$34k.

@TheCreamRisesToTheTop

3 жыл бұрын

Seriously. No one is going to pay $50k+ on a trade in for a car that is barely more than that brand new.

@Merdock-yp2xj

3 жыл бұрын

True, KBB had my car at $6,500 trade in and Tesla offered me $4,100

@irvinwright4075

3 жыл бұрын

That is the least of the problems with this video!

@davidradtke160

3 жыл бұрын

Trade in value always sucks because the dealer has to make money off it. Got to sell directly instead of trade in.

Wow, it sure costs a lot to save money!

@Palpatine4Senate

3 жыл бұрын

but it's getting cheaper all the time!

@r.d.9399

3 жыл бұрын

It's not really saving money until it's fully paid off.

@advduc

3 жыл бұрын

This breakdown on ownership cost put things in perspective. I’ll keep my paid off car and rather invest that 800 - 1000 dollars right back into the market. Hell, I would rather just invest it into Tesla stock.

@NextProcessing

3 жыл бұрын

I guess I’m missing something. Approximately 14500 miles in a medium sized sedan would be roughly 580 gallons of fuel or $1450. I don’t see any savings? 14500 in a Honda FIT would use 414 gallons of fuel or $1,035. Seems to be cheaper by far to drive a gas vehicle.

@Cozzera

3 жыл бұрын

@@NextProcessing The cost of Fuel is a very small portion of the overall cost of buying and operating a vehicle.

Well Done ! Thank You for taking the Time to produce this informative video !

i subd because youre very informative and i can appreciate the time you took to share this with us. thank you so much

Dave Ramsey is shitting his pants watching this video.

@scottanderson691

3 жыл бұрын

This made me laugh so hard it isn't even funny.

@jrodgersjr

3 жыл бұрын

🤣🤣🤣

@TheSaray08

3 жыл бұрын

Lmfaoooooo “72 months!” *faints*

@BlackhawkPilot

3 жыл бұрын

Did as Dave proposes and paid cash.

@Palpatine4Senate

3 жыл бұрын

Good. I can't stand him.

Ryan, very frank and detailed breakdown, and like the lessons learned regarding loan and insurance too.

Thank You, Ryan, great job!

Very thorough and interesting. Thank you and well done.

THANKS for talking me OUT of getting a Tesla!

@Palpatine4Senate

3 жыл бұрын

It retains its value and has a lower cost to own. And you DONT want that? FOOL!

@chrishubbs8633

3 жыл бұрын

The Tesla still cost way more for the “average” person than a normal gas car. When you can buy a descent Toyota for half the price. You will never get back the extra savings from the Tesla.

@NashvilleWarEagle

3 жыл бұрын

@@chrishubbs8633 You can buy a ton of cars for less, but they don't do half the things. If all you want is a cheaper car, you're right, there are a lot of options

@Teejaye1100

3 жыл бұрын

@@NashvilleWarEagle Half the things? Are you speaking of technology wise? The average consumer don’t care about self driving capabilities, auto pilot, blah blah blah. They just want a dependable affordable car. Which Tesla is not, its aimed at a niche market. Which I think is locking itself in a box. All you are paying for is the technology and the battery tech. Which who is driving 300 miles at one time constantly on a daily basis? And if they are, guess what they aren’t in a Tesla. They are more than likely driving a fuel efficient gas or Hybrid vehicle.

@danielrice5474

3 жыл бұрын

Same here. LOL. That Honda Fit is looking pretty sweet.

Final decision: Buy Used Toyota Prius for $12K and $30 monthly insurance and be done with it!! Thanks for the video! ✌️😃

@Reddylion

3 жыл бұрын

Hmm !

@samiamor3955

3 жыл бұрын

for $12k, you can get the 4th generation Prius. The 2017 models and up have TSS standard. Add Comma ai, and you can make your Prius level 2 autonomous driving for an extra $1000. I plan on doing this in 2021 when I upgrade and let go of my Prius C.

@chaleethao1986

3 жыл бұрын

I hate all these videos of "how much money I saved by buying a Tesla" A tesla is still out of a lot of people's finances (especially this guy's 1k/month recurring loan payment for 5+ years) That auto loan + insurance is someone's nice 3 car house mortgage in not-California

@sanjosemike3137

3 жыл бұрын

My 2004 Prius has 126,000 miles. Had to replace the main battery for 1800 dollars 6 months ago, but that was originally a 2004 battery! There are plenty of people driving used Priuses for over 200,000 miles. When you own a car for over 200,000 miles, you get your money’s worth. The Tesla is more comfortable than a Prius, but the Prius is vastly more economical to own. I don’t think there is another car that will beat its value. Sanjosemike (no longer in CA)

@brysonkennedy3909

3 жыл бұрын

never drive a small car again . it is too dangerous.

Very helpful vid, thanks 😊 👍

Thank you for sharing such valuable information .. Great way of explaining Best of luck .!

I saw somewhere Tesla deletes upgrades if transferred to new owners, claiming the new owner did not pay the fee.

@marby602

3 жыл бұрын

IF they do..... that would be some bogus shit !

@kylecosper6766

3 жыл бұрын

This is correct, because if you upgrade to a new Tesla you keep the 10000 auto drive feature

AND the number of hours sitting in your car during charging time, add to that, the half charge max in East coast cold weather!

@Libertylute

3 жыл бұрын

@m mars This is not a gasoline powered vehicle. Since there is no danger of spillage and fire, you are not required by law to stay with your vehicle while it is fueling, as you are with an ICE car. Most people intelligent enough to purchase an electric car are intelligent enough to figure out that they can eat at a restaurant, shop, or sleep (at home, at a campground, or in a hotel) while the car is charging, so the time penalty is minimal. See my reply to Evan Wu above for more.

Thank you for the detailed breakdown!

Great break down and enjoyed how you covered the topic. But theses type of cars don't work for everyone. I'll stick to my 1ton dully and 93 octane SS trailblazer. Keep up the great info amigo

You’ve been a great influence in my introduction to Tesla. I paid my $2,500 down payment for a RWD Long Range Model Y in January, but modified it last month to a AWD Y in red also. I opted to pass on induction wheels based on reports of tire damage, and don’t need (IMHO) FSD, but did add the hitch. I’m expecting delivery this month, and already have a home charger from my stint with a Kia Soul EV, so I’m super excited. Thanks for all the outstanding reporting and guidance this past year.

@ivanvalentin3898

2 жыл бұрын

You're a liberal

The $2K rebate program in CA has ended, but it has been replaced with a clean fuel reward of $1500 (as of 11/17/2020) which is automatically applied by Tesla at purchase.

Recent Tesla owner here (2023 Model 3 RWD), your channel was recommended to me and I love it. Great video! It's crazy how expensive hydro is in California. I'm in Canada (Ontario), which does not mean cost of living is cheap to live here but I pay $0.08/kwh (Time of use off peak is $0.07 so I preferred to pay the extra $0.01 and charge whenever I want).

I like your break down, gave me a lot to think about.

One of the best videos I’ve seen about owning a Tesla by the way paying $816 + car insurance was close to 1k a month but maybe the shocking part for me was the monthly insurance payment I was expecting more in the car insurance especially after going from a Honda fit to tesla!

How can he be disrespecting the Honda Fit like that. Those things never die. I got a 2007 civic with 260,000 miles and still runs perfect.

Thank you. Great info.

Great video! Good information.

Nice video, thank you for this. If you would have invested that money in tesla stock in March, you would have had @ $140k now. Insane

@nelsonpun

3 жыл бұрын

Dayummmmm

@tyharris9994

3 жыл бұрын

LOL. Nice comment.

@rubendominguez2868

3 жыл бұрын

That’s what I did! Maybe buy a Tesla courtesy of Tesla!

@caddy511

3 жыл бұрын

@@rubendominguez2868 you're a legend!

@sandygo9098

3 жыл бұрын

"that money"? Tesla stock tripled since March: $16k ("the money he actually spent") * 3 is $48k... not $140k.

Hey Ryan, do you know if you can finance full self driving if you decide not to buy it with the car initially? I haven't been able to get a clear answer on that anywhere. Thanks!

Great vid!!

Very informative! Thank you!

Good video and thanks for the breakdown 👍🏻. At 60K you could get a loaded Toyota and use the 30K saved for life time fuel and maintenance

@benh5774

2 жыл бұрын

I’m trying to tell my wife the same thing

@hphillips7425

2 жыл бұрын

@@benh5774 good luck from west Tennessee

@MrDannyboilove

2 жыл бұрын

But then you are comparing a 60k car to a 30k car, you could say the same about any car. If you get an actual 30k electric car then it would make a difference. I understand you are not for electric cars, but why make a claim like this, when you know tesla is supposed to be a "luxury" vehicle. I'm not saying it actually is, but that that is the price range tesla has set it self up in for now. There are plenty of electric cars in the 30k range.

@jkidd7608

2 жыл бұрын

@@MrDannyboilove if you've been in and driven some Teslas you would know that they are far from a luxury vehicle. Their interiors and craftsmanship is subpar.

@lisayeary4256

2 жыл бұрын

Got a used Toyota Prius for 11k. I get 58 to 60 mpg to my work. Winning! I've got pictures to prove it.

Excellent video. Thank you!!

Very well spoken and explained! Much bettah than I have expected from the video unlike others. Great job Ryan!🤙

you traded your honda fit for $500, notify me when you trade in your Tesla Model Y!

@nemesis656

3 жыл бұрын

but don't worry, he saved a whopping 500 bucks in gas!!!

In Arizona, our Model Y cost only $160 dollar for 5 years of license plate registration. A Jag or Land Rover in the same price range was $700 per year. If you live in Arizona, that's a huge savings.

@amoltandon2900

3 жыл бұрын

I got my Model Y in October and got 5 years registration for free (or included with the cost I guess)

@raygold1

3 жыл бұрын

There is a huge variation depending on your state.

@JohnDoe-bd5sz

3 жыл бұрын

@@raygold1 Also, anything that is subsidised is just made so to lure people in and in the future they will make it more expensive. It's a bit like when the cell provider will give you the first months subscription for free, to get you hooked. Any calculation that is dependent on continued subsidising, is a calculation that is most likely gonna end up being wrong.

Thanks for the honest review!

great video thanks for sharing

I think it's best to leave out the trade-in $500 (or any other trade-in amount), because it really has nothing to do with the ownership cost for the other vehicle. Good rundown other wise. I waiting on my CyberTruck (about 2 years out) and will do the math on it before committing to a final purchase. I will be replacing 2 vehicles (my 2003 SportTrac truck and a 2019 Honda Fit) in 2022/2023 when my number comes up.

@norwegianblue2017

2 жыл бұрын

Unless there was something majorly wrong with the Honda Fit, he got hosed on that trade-in. I see high-mileage models going for $6k+ today.

Very informative but you forgot another variable in the equation: time. Normally it takes a person 5 mins to fill their gas tank. How long does it take to charge at the supercharger? Also, convenient fee. You easily find a gas station every 5 mins drive. How far does it take to drive to supercharger station? Is it mostly convenient for you??

Great job and clear explanation 👏 Tnx a lot

Thank you so much my husband and I are really considering buying one

That was excellent... You have made a sale for my new 2021 Audi SQ3. Your numbers were scary real and until Tesla's prices come down I'm not a customer.

@rgaud8

3 жыл бұрын

It’s an expensive car for people that can afford it. I think it’s fine if you’re looking at a car for a similar price, but the huge downside is lack of service. My boss got into an accident with his tesla (wasn’t his fault and the built in cameras proved it) and it took 2 months or so to get it fixed. I think that is currently the biggest drawback/risk to having a tesla. Once their infrastructure for repairs and service matures I think the upsides will outweigh the downsides.

Good video. I'm weary of the KBB trade-in value though. Will Tesla take back one of their cars as a trade-in say wanted to upgrade to a new model S, X or 3? How much would Tesla give you for the Model Y? I think it would be good for viewers to share what they were offered if anyone has successfully traded in any model Tesla for either a new Tesla or a conventional car to see how accurate KBB's Trade-In Value calculation is. I learned a lot. Thanks for taking time to make this.

Holy cow!! His car payments are super high!! Some financial experts say you should not buy or finance a car that is more than 50% of your annual gross income.he seems very happy with his Tesla. Thank You for the video.

How about giving this man a thank you!

Thanks for the helpful breakdown. Definitely solidifies that I can't afford a nice vehicle like this for probably another 5 years or so.

@pioneer7777777

3 жыл бұрын

There are other EV options out there that will not break the bank. Bolt, LEAF Plus, Model 3 SR+, Niro EV, and all of the used options as well.

@Trumpetdude213

3 жыл бұрын

@@pioneer7777777 thanks! I'll definitely look into it

Through review. Thank you. Since about 89% of Tesla recharging happens at home, I wonder what the cost to recharge at home for 89% of your miles would have been? I bet you could have gotten an average rate of 10/kwh with heavy reliance of CA's super off peak rates, bringing the cost down to somewhere in the ballpark of $450-ish total, with minimal supercharging. Good to know for the average person who does not have supercharging credits.

this is the best review ever, i mean that

I’m curious on your upgraded suspension. What the name of your aftermarket shocks, Where did you find the data to upgrade, Where did you go, what was the cost and how do you like it?

Hi Ryan, great video! Thank you for taking the time to breakdown your cost. I have one issue however and it's not just with your video but every price breakdown of owning a Tesla I've seen as well. People always say that the price of electricity is cheap and "around x cents per kw". Usually anywhere between 4 and 10. Yet I find that this is never the true cost. I own a model 3 and was surprised to see how much I was *actually* being charged from my utility company (this shock is also related to having my own house for the first time and constantly seeing the breakdown of a full electricity bill). What I see on the bill is that electricity is rated at around x center per kw (as everyone says) but the utility company also tacks on a bunch of extra charges, mainly "delivery". This shoots the true cost up to anywhere between 18 and 25 cents per kilowatt for me. I was so surprised that I asked some family and friends to send me their full electricity bill. This seems to happen all over from what I can tell. I've seen bills from MA, NH, CT, GA, and TX. Perhaps a video better explaining this would a good next topic for you to cover.

@rokask

3 жыл бұрын

One more of those Murican mind-benders like price tags without tax on them

@anthonyaer8303

2 жыл бұрын

So YOU'RE that one black guy that drives a Tesla! I think I saw you the other day!

@bobhabib7662

2 жыл бұрын

What you are experiencing is a rate hike in the cost of power. When the EPA decided coal power was bad, the only alternative was a more expensive source for your power. Since 2006, most people have seen a doubling in their electric rates. Add inflation to this cost and it looks even worse. It's most prominent in the NE since a lot of coal power was turned off in the NE. I would say I feel sorry for people eating these rates, but the reality is I don't. When you remove a cheap source of energy solely due to political activism, you get what you get. You're voting yourselves into poverty.

@rickschritt1616

2 жыл бұрын

@@bobhabib7662 Good comments Bob , from up north in BC Canada , it's going to be many years , a much better more practical product before I would consider purchasing a electric car.

You're right. The numbers really work best when you're comparing a premium car of the same comprable price to the Tesla. Honda fit's are going for around $16,000 now. That's a big difference. Also you'd save a little bit uninsurance. Hopefully one day they will have an affordable electric car for the masses.

@poulwinther

2 жыл бұрын

But the reality is that the Tesla ride, interior, comfort and quality feel is a longshot from the premium.

@BrianJones-rx9cq

2 жыл бұрын

I personally ain’t looking forward to any electric vehicle

@omichaelnato5388

2 жыл бұрын

True my girlfriend has an 11 year old Honda Fit worth as much as she paid for it ($8,000 lol) over 5 years ago and it gets 30-40mpg. The insurance on these Tesla’s are insane so there’s no real cost saving or justification to have a car payment to save $100 in gas and pay more in insurance. It only makes sense if someone is already spending $50-70k on a vehicle and wants something that has a little bit of everything and will be cheap to run. I’ll get a model Y blacked out performance in like 2 years when everything settles down they’re phat

this was a great breakdown

That insurance rate! My current deal breaker was how much I’d have to pay for insurance, but if I can get a good deal through Tesla Insurance I can buy this car way sooner than I thought!

Amazing cost breakdown! Thanks! What really surprised me is the $500 trade-in value for your Honda Fit. Edmonds says a used 2008 Honda Fit is worth $800 to $3,800.

@markbeiser

3 жыл бұрын

Because he traded it in, he got less than he could have gotten through a private sale. Not that a worn out high mileage Honda Fit is going to fetch enough to make it worth the hassle to sell privately... New car dealer gives $500 trade in, sells it at a wholesale auction, usually for next to no profit, often it is a wash, and a used car dealer buys it, cleans it up, and sells it for a profit.

I would have given you $600 for the FIT. Reach out next time. ;)

@Reddylion

3 жыл бұрын

I would have given $601 for the fit.😎

@patrickmaloney1810

3 жыл бұрын

Have to factor in sales tax for private sale of the Fit.

@rman8910

3 жыл бұрын

$625 for your Fit

@nemesis656

3 жыл бұрын

@@vinnieng1216 LOL right? that fit couldve probably gone to 350k

@driedbrainfreeze2149

3 жыл бұрын

@@vinnieng1216 a Honda motor? No doubt about it

Great detailed breakdown.

1 thing that goes unnoticed is tyres. You replace them earlier because all of that torque wears them out more quickly. Expect to get 30,000 kms only on a set.

When the warranty is done, what will the cost be when you have to take it the Tesla's dealer for repairs. What was the fit and finish. People are complaining about the quality. Consumers report ranked them pretty bad.

@gregjeffcoat4258

3 жыл бұрын

Tesla is the latest fad. Wait a few years and something else will come along. The real world keeps catching up.

Definitely very expensive not to burn gas, I'll go with a used one in a few years but they're still a depreciating asset

Thanks for the video. My first new car was financed as well. I think it was a five year loan. We learned over time to save up and buy cars with cash, then keep them for ten years. You may benefit from reading Your Money Or Your Life, and then The Millionaire Next Door.

Thanks for the realistic number and all the loan info 👍🏼

And what is your time worth sitting at a charger?

Cost is still WAAAAAY too steep to upgrade. I will wait. Right now, the cost of my paid-off vehicle is about $300-400 a year. Hard to beat that, especially when your monthly payments are... 2-3x that. Yikes.

Great video - very informative 👏🏻👏🏻👏🏻 however I think I’ll wait another 10 years before I start thinking of the transition to electric.

He did an EXCELLENT job!! Thank you!!

Thanks, your Honda was not terrible because you got 200k miles out of it.

@cybertruck4988

3 жыл бұрын

Thats it 200,000

imagine going from a 2008 honda fit to a tesla model y, that’s the type of upgrade my life needs

@HDnatureTV

3 жыл бұрын

Just start a youtube Tesla channel. ;-)

@Bluebull308

3 жыл бұрын

Me too

@advduc

3 жыл бұрын

It’s yours for a cool grand a month with good credit.

I still have my “White Album” Received it as a gift in ‘68.✌🏻 Love your McCartney!

I like the Dave Ramsey approach! The cheapest car you can own is the one that is paid for. Good video. When I do go to purchase a new ride it will be made by Tesla.

Hello, Ryan thank you for the video, a great topic. I have done the math and would be paying 15.50 for a full charge at home.

@dawsonharris5735

3 жыл бұрын

@R3BOUCAS when you charge during "off peak" hours, your cost goes for 15$ to like 2$.

lol $65k on a car and he talks about $500 in gas as being a significant savings. If you're spending that much on a car, nobody cares.

@KrymiaMusic

3 жыл бұрын

i was thinking the same...

@TheGuruStud

3 жыл бұрын

I don't even care and my cars are worth a few grand tops. All of my Infinitis get 15-18 mpg lol. I still get the same range as a pos tesla...except I can fill it up anywhere and doesn't matter when I forget to refuel for that same reason. And, nope, Tesla performance models can't even out-perform them. Booooost.

Great video

would like to see in your future videos that include the cost of tires in a 3-5 year ownership, due to the weight of the given vehicle and how fast it wears down the treads.

Good video . . . But, what about the battery pack replacement cost down the line? I'm talking about your want to sell after 8/9 years, but, now the batter pack has MUCH less range & a HUGE cost to replace! Will this factor not affect the resale cost at that time? Also, what about your time wasted waiting at super chargers?

@VlikeInMewe

2 жыл бұрын

With a battery-pack degrading to about 80% of its capacity at about 300k miles, if you need to replace the battery pack, you have already used your vehicle for longer than most gas cars. If you compare cost between a tranny and engine replacement, you are at a comparable level (in price) to a battery replacement. If right to repair gains more steam, then we could be seeing cheaper repairs by third parties to squeeze some more life out of existing packs

@norwegianblue2017

2 жыл бұрын

@@VlikeInMewe I'll bet that 2008 Honda Fit was on original tranny and engine. My 10 year old Acura still runs like new, never needs anything but maintenance and consumables. Fully expect it to get 250k+ miles with no major issues.

@reasonablespeculation3893

2 жыл бұрын

What is the true cost of recycling a battery? Man hours, energy, tools and machinery. Cost of disposal PLUS $1000, needs to be factored into the initial price of the Car. The $1000 (which the car owner will receive from a qualified recycler, upon delivery of Car) is an incentive to do things properly... not just crush, bury, or ship off to Africa.

@tedferkin

2 жыл бұрын

Also from what I understand is that Telsa is also selling individual cars at a loss. They make a profit from getting some kind of green rebate, either from the government or by selling "greenness" to other auto-manufacturers who don't do electric cars yet.

So in a nutshell, you couldn't afford a $50,000 car but you still managed to get in debt just to own one.

@nemesis656

3 жыл бұрын

and then gets happy about "saving" 500 bucks in gas after getting ripped off.

@woohooivan

3 жыл бұрын

@@nemesis656 Relax man. The guy drives a ton and he loves the car. He’s also made a decent name for himself with a Tesla based videos. This means he’s got some income. Lastly, if he needs to jump ship he can sell the car and not be upside down. What makes you say he can’t afford it?

@felonstomillionaires

2 жыл бұрын

Lol

@blueworldadam

2 жыл бұрын

I wonder the 500$ gas saving if he work at home hahahhahahahha

@WasRecording

2 жыл бұрын

This video paid for the Tesla

I just watched this again. I've shared it with a few people. This is quickly becoming one of the funniest financial videos ever. Please continue updating this thing year to year. I'm real curious when the actual point in time comes that you realise your underwater in this car compared to its actual value. 40, 50, maybe 60 thousand miles.... If you traded it today and got that loan cleared up you still spent 19k to drive it for a year. Do you understand that math?

Very up front presentation. The monthly payment is mind blowing. To me, the touchscreen is a pure put off

Thank you! Very informative and helpful! 👍

Ryan, thank you very helpful. What do you think about creating a new video comparing your purchase ownership cost to a lease using Tesla’s newly announced leasing costs and process?

@dominickfailoga4049

3 жыл бұрын

I would love to learn also about their leasing program, this is a good idea Bob

@bobskeway8179

2 жыл бұрын

With the federal tax benefits $8000.00 it is advisable to own the car, not lease!

I work local and my best option was a bicycle. I get my exercise and have lost weight. Just have to prepare for weather is the downside but well worth it to me.

Great video.

Dude, thanks for the interesting info, but ... I would not include the downpayment in full in the 9 month cost or I would do a second alternative where I would amortize the downpayment over the full number of months you plan to own the car. I would also suggest doing a lifetime average cost per month and year and comparing that to an ICE vehicle. I would even do a comparison for your Honda Fit (avg / mth over total life) and for the BMW X3. I have a Model Y that I'm due to take delivery of within the next week. I have owned 3 BMW 5s over the last 25 years. I buy them as they come off lease (to avoid the initial depreciation). The first one I had for almost 10 years and planned to get to 200k miles but I was forced to trade due to needing 2 big repairs that I was not going to pay for on a car that old. The next one lasted to 100k before the same scenario and the last one is at 75k and I'm bailing because of a $4,000+ set of needed repairs. Each has cost me more each year due to the shortening lifespans. I'm paying more for my model Y than I ever have for a vehicle but I expect to actually get to 10+ years and 200k+ miles this time with the only big expenses being tires, brakes, and possibly some suspension repairs due to wear. I calculate that this will be the least expensive vehicle -- n terms of the total cost of ownership per month -- that I have ever owned.

@christopherk.7094

3 жыл бұрын

Same, I’ve owned quite a few BMWs, they’re the only cars I’ve purchased. I started with a 323i and progressed to 528iA, X5 and another X5. Traded in the 323 for the 5series, hydroplaned in the 5series, the air suspension went out in my first X5 leaving me with a lowered backside so I traded that in for my current X5 that’s having a repair bill of $5k and the Model Y is actually the least expensive vehicle to buy at this point. I would like to add though that all my BMWs achieved high mileage before having to come into high repair bills and I’ve owned them for some time. My current X5 is a 2012 and a friend wants to buy it from me at $8k because he only wants it to transport his grand daughter in 🤣😂 because he has a brand new Camaro. But I’m waiting on a few things to be added to the model Y before I order mine.

@DanielEndy2

3 жыл бұрын

Christopher K. What are you looking forward to being added?

@irvinwright4075

3 жыл бұрын

Looks like you would have, almost certainly, done a better job than he did.

@christopherk.7094

3 жыл бұрын

@@DanielEndy2 the new center console and hoping heated steering wheel and really really hoping they surprise me with a magnetic suspension or something 😬 and the new unibody casting.

@dixonpinfold2582

2 жыл бұрын

Yeah, the guy is a long way from being a proper accountant. Btw, the comment immediately above yours on my screen (from a "dalton knox") claims it will need a total battery replacement ($12,000 or $24,000, can't tell what he's trying to say) every 100k miles. This section is fizzing with hatred for Tesla. Just red-hot, fists-clenched, blurred-vision anger.

😱😱😱 u paying out the wazooo !!!!

Appreciate the solid scientific thoroughness

What is the KWH rate that Tesla charges at their Supercharger Stations? Is that rate the same throughout the USA?