I am a bit on the fence about buying a new M3 and being a spreadsheet guy, I love to try and figure out the true cost to own a car per year. There are some older posts on here for maintenance costs (which seem to be very small or $0 over the first few years) so that leaves me with:
1) depreciation costs
2) insurance costs
3) electricity costs
The big elephant in the room is depreciation. With the used car market being so crazy right now, it is hard to use current prices and traditional depreciation models (KBB, Edmunds, etc.) seem to assume a Tesla depreciates the same as every other EV which I don't think is fair/accurate. People pay a premium for a used Apple product vs. a used Dell product and I thin the same holds true for a Tesla (at least for now).
Anyone worked on these numbers recently or should I start from scratch? Thank you.
1) depreciation costs
2) insurance costs
3) electricity costs
The big elephant in the room is depreciation. With the used car market being so crazy right now, it is hard to use current prices and traditional depreciation models (KBB, Edmunds, etc.) seem to assume a Tesla depreciates the same as every other EV which I don't think is fair/accurate. People pay a premium for a used Apple product vs. a used Dell product and I thin the same holds true for a Tesla (at least for now).
Anyone worked on these numbers recently or should I start from scratch? Thank you.