I'm 48 years old and the Model 3 is only my 3rd car, so I pretty much drive them forever - I'd rather spend my money on other things in life.. I'm at 4 years/52,000 miles so far and plan on keeping it as long as I can.
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It's a really great question and one I thought about for a while. My first Tesla as a 2012 Model S that I purchased from the CPO program. It was a fantastic car and I hated to sell it, but when it got close to the end of the 4 year warranty, I did put it up for sale. Reading the recent postings on the drive unit thread, for me it was the right decision.Hello All,
So I currently own an older Model S, and have considered getting a Model 3 or Model Y. As I typically own cars well past their original warranty, I either consider getting an extended warranty or roll the dice and pay up for any repairs. In the past I always rolled the dice since, as a gearhead, I could handle most repairs myself (my old BMW M5 was like getting a car and car-repair hobby all-in-one).
Unfortunately, with Teslas and, I suspect, most EVs these days, anything not common (like brakes/suspension/etc.) really requires the manufacturer (or dealer for other manufacturers) address the problem, so "DIY" is a lot less viable. Sure, there are a TINY number of shops, but they are not widely available - and not exactly cheap either. This all either results in simply paying the higher dealer/manufacturer prices or ponying up for the extended warranty.
When it comes to extended warranties, you usually have the choice between those offered by manufacturers or after-market. None are "cheap", but in general I think most would agree the former can be less "hassle" than the later. Again, we have a dilemma here in that Tesla no longer offers an extended warranty for ANY new Tesla product: S, A, 3 or Y. That forces owners into the (limited?) aftermarket. Not surprisingly, we are seeing a lot of "extended warranty" questions here on the forum now as the first Model 3s start to come off warranty (for anything other than drive units and batteries).
So, that brings me to the question in the title? Are you planning to keep the car post-warranty? Options I see include:
1. Roll the dice and keep car w/o warranty
2. Look for and purchase a 3rd party extended warranty (some are reputable, others, well...um, yeah)
3. Sell it and eat the depreciation and start over with car payments
Sure, the 5 year depreciation on a Model 3 is better than, say a BMW 3 series, but as you move beyond 5 years things can get very different when you compare an option where you keep the car and drop the coin for an extended warranty vs. "buying another car" and re-entering the steepest part of the depreciation curve.
I understand. of course, that some of you just sort of build "always having a car payment" into your life and find having the latest thing worth paying for!
(note: I'm assuming the current insanity in used car prices will, of course, not be permanent!)
Anyway, interested in your plans (and any differing opinions).
No...but you can do a full swap.Can't exactly DIY fix a drive unit or battery failure but maybe that'll change in the future. This is a great question though. To sell or not to sell. Pandemic values have really changed the equation. If I had an M3 that's nearing the end of its drivetrain warranty, I'd probably sell it.
I had a C230 Sport Coupe for nearly 300K miles, that really was in almost perfect condition when I got rid of it. However, doing maintenance on it the way it needed to be done was not cheap - it had specific things that you needed to keep up with, and although not a lot of them, it could be expensive shop visits. Of course, those visits were cheaper than a car payment for a year. It was not a Camry that's only service was got "jiffy-lube oil changes every....3...no...5....awww, why not about 8,000 miles - I'm busy" as a few I know about.Good replies all. I do fear that we will see a lot of "Friggin' Tesla wants $$$ to replace X on my Model 3! My Camry/Accord/Subie never needed more than $ in 10 years!" posts in the coming year or two. Tesla parts (even on the "cheap" cars) strike me as - probably? - being priced like late model European mid/large luxury sedans. Folks may be in for a bit if a rude awakening.
yup that is what I did with my 2017 x 100dif you decide to keep it long term, I suggest an X-care warranty for piece of mind.
Happy with xcare, I presume? What was the cost of your particular warranty? I know today’s price is prob different, but just was wondering on a ballpark number.yup that is what I did with my 2017 x 100d
Mine was I believe about 3800 for 10 year 100,000 add on. Had 27,000ish miles. Will hit the 10 years before I git the miles.Happy with xcare, I presume? What was the cost of your particular warranty? I know today’s price is prob different, but just was wondering on a ballpark number.
so basically it's $3,800 upfront for anything non-battery/powertrain related as extended warranty (battery/powertrain would be covered by Tesla for 8 yrs/ 120k+ miles). that's pretty $$$. There's only so much non-battery/non powertrain related stuff which can break in the car and fall under that warranty... heck - a full screen replacement plus a new AC system in the car would likely still be cheaper than $3,800.Mine was I believe about 3800 for 10 year 100,000 add on. Had 27,000ish miles. Will hit the 10 years before I git the miles.
Very happy. Already used it several times. Couldn't be easier. Tesla does all the work and payment, and xcare reimburses me within days.
No phone calls or inspections or hassles
There's a post somewhere where a guys Model Y heatpump died outside of warranty and the total cost with parts and labor was easily 4k. Post was on a Facebook Model Y group.so basically it's $3,800 upfront for anything non-battery/powertrain related as extended warranty (battery/powertrain would be covered by Tesla for 8 yrs/ 120k+ miles). that's pretty $$$. There's only so much non-battery/non powertrain related stuff which can break in the car and fall under that warranty... heck - a full screen replacement plus a new AC system in the car would likely still be cheaper than $3,800.
Hello All,
So I currently own an older Model S, and have considered getting a Model 3 or Model Y. As I typically own cars well past their original warranty, I either consider getting an extended warranty or roll the dice and pay up for any repairs. In the past I always rolled the dice since, as a gearhead, I could handle most repairs myself (my old BMW M5 was like getting a car and car-repair hobby all-in-one).
Unfortunately, with Teslas and, I suspect, most EVs these days, anything not common (like brakes/suspension/etc.) really requires the manufacturer (or dealer for other manufacturers) address the problem, so "DIY" is a lot less viable. Sure, there are a TINY number of shops, but they are not widely available - and not exactly cheap either. This all either results in simply paying the higher dealer/manufacturer prices or ponying up for the extended warranty.
When it comes to extended warranties, you usually have the choice between those offered by manufacturers or after-market. None are "cheap", but in general I think most would agree the former can be less "hassle" than the later. Again, we have a dilemma here in that Tesla no longer offers an extended warranty for ANY new Tesla product: S, A, 3 or Y. That forces owners into the (limited?) aftermarket. Not surprisingly, we are seeing a lot of "extended warranty" questions here on the forum now as the first Model 3s start to come off warranty (for anything other than drive units and batteries).
So, that brings me to the question in the title? Are you planning to keep the car post-warranty? Options I see include:
1. Roll the dice and keep car w/o warranty
2. Look for and purchase a 3rd party extended warranty (some are reputable, others, well...um, yeah)
3. Sell it and eat the depreciation and start over with car payments
Sure, the 5 year depreciation on a Model 3 is better than, say a BMW 3 series, but as you move beyond 5 years things can get very different when you compare an option where you keep the car and drop the coin for an extended warranty vs. "buying another car" and re-entering the steepest part of the depreciation curve.
I understand. of course, that some of you just sort of build "always having a car payment" into your life and find having the latest thing worth paying for!
(note: I'm assuming the current insanity in used car prices will, of course, not be permanent!)
Anyway, interested in your plans (and any differing opinions).
Which means that's also a post about a car that was driven over 50K miles in under 2 years.There's a post somewhere where a guys Model Y heatpump died outside of warranty
The image you shared was $3,700, not over $4K. $3,900 with Tax, but you'll pay tax on a $3,800 warranty too, and deductibles.the total cost with parts and labor was easily 4k
I was just saying that's just for the HVAC system. Knowing how many times average tesla owners visit our favorite service center, it'll bound to add up. I'm not advocating to get the extended warranty or not, just taking into consideration how stupidly expensive it is for HVAC service when compared to an ICE car.Which means that's also a post about a car that was driven over 50K miles in under 2 years.
The image you shared was $3,700, not over $4K. $3,900 with Tax, but you'll pay tax on a $3,800 warranty too, and deductibles.
Spot on! I could not have said this better. I am in the same boat (car) with over 150,000 miles.
Unfortunately, unlike @jjrandorin I can't wait for a car with a significant difference between a new MS and my own: it's already here and I really don't care for it.
Good replies all. I do fear that we will see a lot of "Friggin' Tesla wants $$$ to replace X on my Model 3! My Camry/Accord/Subie never needed more than $ in 10 years!" posts in the coming year or two. Tesla parts (even on the "cheap" cars) strike me as - probably? - being priced like late model European mid/large luxury sedans. Folks may be in for a bit if a rude awakening.