I currently own a Tundra 5.7L V8, which I purchased new in 2009. I do all my own maintenance, truck has never seen a dealer service department, has 140,000 miles on the ODO and has been trouble free, beyond standard maintenance. So for me, the cost is initial price of purchase, gas at 16 miles to the gallon average, tires and maintenance parts. The truck is in great condition, there are a few of them running around with 1 million miles on the ODO.
So I thought it is time to wait for the Cyber Truck and then get rid of the Tundra. I am really impressed by the Cybertruck features.
Then I did some referencing here on the forum in the battery replacement section. It looks as if the standard experience is around 10 years, then we are in for a $20,000+ battery replacement cost? Based on my situation and costs comparing gas, parts EV battery life, it comes out to a wash. There is no cost advantage. Comparing to a Tundra, there would be a weekly cost saving on gas, but after 10 years I need a lump sum, offsetting that saving and spending more than 50% of the vehicle value in costs to keep it on the road.
Looks like a great option to lease, or for the owner who buys a new vehicle every 5 years or so.
Looks like I am out.
So I thought it is time to wait for the Cyber Truck and then get rid of the Tundra. I am really impressed by the Cybertruck features.
Then I did some referencing here on the forum in the battery replacement section. It looks as if the standard experience is around 10 years, then we are in for a $20,000+ battery replacement cost? Based on my situation and costs comparing gas, parts EV battery life, it comes out to a wash. There is no cost advantage. Comparing to a Tundra, there would be a weekly cost saving on gas, but after 10 years I need a lump sum, offsetting that saving and spending more than 50% of the vehicle value in costs to keep it on the road.
Looks like a great option to lease, or for the owner who buys a new vehicle every 5 years or so.
Looks like I am out.