irvinehomeowner
Well-known member
My depreciation has been pretty good.
Double double babeeeeeee!
Double double babeeeeeee!
While the depreciation has been massive the cost of owning my Tesla Perf M3 for 10+ years is basically tires and brakes. Owning a Porsche or Mercedes that long will entail a low 5 figure maintenance budget plus another mid 5 figure budget for gas especially with gas going to $8/gal in CA due to closing refineries and no pipeline into the stateCan’t say I didn’t try to warn you….if there is no secondary market, there is no future market …consequences
May 29, 2025
EVs lose more than 50% of their value within first two years
When an industry requires endless subsidization, that means it’s signaling a lack of potential—both short-term and long-term—so it’s *probably* a bad investment. According to Matt Oliver at The Telegraph, new numbers from the electric vehicle industry show that these cars are depreciating rapidly, much faster than their gasoline counterparts; after just two years of ownership, these cars are worth less than half of what their owners originally paid.
Now, compare the E.V. depreciation numbers to those of a gasoline car—gas-car depreciation only reaches the 50% threshold after five years: A brand new car usually drops about 20% in value after one year. Within five years, it will be worth around 60% less than the price you paid. Oliver quotes Philip Nothard, an executive with Cox Automotive, who says this: ‘This [depreciation news] gives consumers very little incentive to consider them [used E.V. models], which is a real blow to a market that needs all the incentives it can get its hands on.’ The market can’t survive without government intervention, which means the product is not ready for the market. Seems simple, yet predictably, the simplest of concepts routinely escape those useful idiots on the left. Unfortunately, we’re also paying for their ignorance
https://www.americanthinker.com/blo...50_of_their_value_within_first_two_years.html
i’m sure it is OC. On an individual basis some people had a great time on the taxpayers dime. My point is that overall, the benefits were not widespread and, and it was a giant waste of money.For me it’s always been about a superior driving experience. And FSD is absolutely filthy fun and convenient .
Depreciation in electric vehicles is overstated because of the new rebates/incentives.When you see these Gas vs. EV comparisons of ownership cost, the one thing they always leave out is depreciation, probably because it takes too long to gather the data. But in reality, depreciation is the biggest ownership cost and dwarfs the cost of fuel, tires, batteries, maintenance, and repairs combined.
So in a sense, you are confirming morekaos' point. The economics of EV's only makes sense if the government heavily subsidizes the cost.Depreciation in electric vehicles is overstated because of the new rebates/incentives.
If you can buy a new car and get 7k off, or a used car and get nothing off, of course that means your used car is now worth *waaaay* less than the sticker. But that doesn't' really matter because you got a 7k tax credit.
If my model 3 MSRP is 40k, I got 8k+ in tax rebates from the state, the federal government, and SoCal Edison (yes, for a while they were writing checks to electric vehicle buyers!)... and then a drive it off the lot and can only sell it for 28k. Did I lose 12k? Did the car *really* depreciate 12k? Does it matter for my sake?
Just like I told you almost 2 years ago….they won’t put out an EV….maybe ever..Ferrari doesn’t even have an electric offering until 2025, plenty of time to for them to pull the plug… Smart
Ferrari’s first purely electric vehicle isn’t scheduled to be released until the fourth quarter of 2025
Only rich guys can afford those losses and not squeal like a pig.Still funny how morekaos thinks only rich people can afford EVs.
Probabaly still thinks only Tesla makes them and they cost $100k.
Try them both out and then decide? There is also the BMW iX M70.I mentioned to someone I’m thinking of getting a new car and they suggested I get a Tesla. The car I’m thinking about is the X5M.
A Tesla just doesn’t feel the same as a twin turbo V8 that goes 0-60 in 3.7 seconds.
Yeah some Tesla plaid may go a little faster but it just wouldn’t feel the same.
I don’t like the look of the model x. Although the new model y is kind of growing on me.Try them both out and then decide? There is also the BMW iX M70.
The non-Plaid Model X does it in 3.8s. The Plaid Model X does it in 2.5s (big difference).
You're not into the beaver bucktooth styling?I did test drive a regular iX and I liked that it drove like a regular car. But I don’t like the look of any BMW electric car.
Yeah that is one of the main things I can’t stand. Also, it sits lower than the X5 and slightly smaller.You're not into the beaver bucktooth styling?
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At least prior refreshes allowed you to trace the visual lineage. This is a bit too much.
We are a BMW family. But if my choice was between an iX or the new 2026 palisade I would go with the palisade.Qwerty is a Beemer stan.
Buck teeth flared nostrils won't stop him.![]()
BimmerQwerty is a Beemer stan.