Quick Answer: Is Buying A Used Tesla A Bad Idea?

How long do Teslas last?

CEO Elon Musk recently set some ambitious goals when it comes to the reliability of Tesla’s vehicles.

Musk said that they built Model 3 to last as long as a commercial truck, a million miles, and the battery modules should last between 300,000 miles and 500,000 miles..

Why you shouldn’t buy a used Tesla?

9 Reason To Avoid: The Battery Could Be Worn Obviously, when it comes to Tesla’s, the main draw is the fact it is an electric vehicle, and, while that is great, it also means the battery gets used an awful lot. While they are built to last, they are never going to full function forever.

Are Tesla expensive to maintain?

Tesla Maintenance Plan Cost Your total 5-year cost would be $1,490. That makes Tesla maintenance costs pretty low, but there’s a chance real-life prices could be higher, too. Dividing that by five shows that people might spend about $298 per year on average to maintain their Teslas.

What salary do you need to afford a Tesla?

If your household take home pay is 4K per month, you shouldn’t be spending more than $1000 on car payments, insurance, fuel, and maintenance. So if your expenses are right about average, you can afford a Tesla 3 ($45K) probably around 100K per year of income.

How much does a Tesla increase your electric bill?

As an example, let’s take the Tesla Model X Long Range which houses a 100 kWh battery. Using the U.S. national average electricity rate of 13.27 cents per kWh, we can quickly calculate that it would cost 13.27 to “fill up” a Model X from a completely drained battery. That equates to roughly $0.04 per mile driven.

Is Tesla Model 3 a family car?

As a second vehicle in a family that also has a minivan, truck, crossover, or SUV, a Tesla Model 3 would be ideal for a family that can afford a premium vehicle’s up-front costs. It is safe for its size, offers the promise of low long-term maintenance costs, and as a green vehicle, the Model 3 has a low cost of energy.

Does it make sense to buy a used Tesla?

Buying used means that the price has stabilized and is more reflective of a fair market value of the vehicle. … While there is absolutely nothing wrong with buying a new electric vehicle, buying a used Tesla Model S might be the better option in the long run.

Does anyone regret buying a Tesla?

The resounding majority of Tesla owners do not regret purchasing the vehicle but may regret not opting for certain features or upgrades. Like the Tesla owners on Torque News, most owner regrets include wishing they had chosen another color or even waiting too long to buy the Tesla in the first place.

Why is Tesla insurance so high?

Teslas are particularly expensive to insure for collision damage due to their high repair and maintenance costs, which are greater than those for other luxury vehicles. This is due to several reasons, such as: The cars are repaired at a limited set of Tesla-approved body repair shops.

What credit score do you need for a Tesla?

There is no stated minimum required Tesla financing credit score to apply for a Tesla auto loan, but borrowers with credit scores in the good to excellent categories (720+) generally qualify for lower-APR financing.

Why are used Tesla more expensive than new?

The biggest reason why used Tesla Model 3 cars are relatively expensive compared to other used cars is the timing and the availability of the Model 3. … Tesla’s biggest sales month didn’t come until December of 2018, less than one year ago (using month-end as a timestamp).