I agree and find it curious that people still consider resale value as a key metric when buying cars, or anything.
Psychologically they are planning for the day they get rid of the item rather than enjoying it while they own it.
If the car gets insured for more than it’s worth when it’s sold (because the owner looked after it and kept it longer), then that’s on the insurers who will make their money over that period anyway.
I suspect the ideology of “cars losing their value on resale” is a clever car sales technique (buy a Toyota) which has been drummed into us.
For me anyway, the experience of owning a car is just that, the experience now, I can’t control the future and im not worried about its value in the future. Life’s too short.
Exactly, no matter what car you buy, the minute you drive it off the lot, it's lost 10% of it's "value", 20-30% in the first year is a general rule of thumb with ANY car.
The next 5-10 years are going to be fairly fluid with battery prices falling dramatically and the end of widespread ICE coming closer and closer.
I consider it crazy to purchase an ICE vehicle today, but as the obvious fact that ICE vehicles are on borrowed time starts to dawn on more and more people, the demand for used ICE is going to plummet (also helped by the falling EV prices and people starting to finally understand cost of ownership).
Tesla owners have a massive advantage over other vehicles in that the 2019 models are still VERY relevant today thanks to the tech and OTA updates. In all of my previous vehicles, after 2 or 3 years they start to 'feel old' (by design as that's part of the legacy auto strategy). Going from a 2019 Model 3 even to the new "Highland" Model 3 is not that much of a jump. The 2019 has kept up to date thanks to the tech and updates and honestly when you are driving them, apart from the quieter cabin and better suspension, there really isn't THAT much difference and this is an 'extreme' example in Tesla as these refreshes don't happen that often.
The point of the above is that Tesla is a completely different paradigm, yes you will have slightly higher depreciation (people going on about it act like no other car depreciates), the average Tesla driver is going to keep their vehicle longer than others as it's still very much relevant MUCH longer, also given Tesla enjoys the highest 'rebuy' rates in the industry, the Tesla driver is likely buying another Tesla and therefore also enjoying a saving due to the same reduced prices that provided the added depreciation.
It's really just another FUD piece that gets spread around, yes it's partially true, but when you consider all of the factors, even before including the massive amounts you save on fuel and maintenance in the time you own the vehicle, it's a nothingburger that gets over exaggerated by the anti-EV/Tesla crowd and unfortunately some Tesla owners who don't think it through completely, thereby helping to amplify the FUD.
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