MacNeil
Member
Your approach may be a good one for many people but wanted to give a slightly different perspective. We recently bought a second EV (not a Tesla) and traded in our compact SUV (few years old but low mileage). On the trade we got pretty close to the MSRP when it was new. Part of my rationale for not waiting was that I figured that used car values may revert to more traditional levels; the trade-in value potentially could fall over the next 1-3 years, perhaps eliminating any saving on the price of a new EV over that period. As others have pointed out, it is also possible that ICE values will fall sharply due to the transition to EV's (in addition to a drop back to more typical used car values). Through this transition to EV's, I would rather be owning an EV than an ICE vehicle.Exactly. If I were to buy a car today, without regards to environmental concerns, I'd rather get a well-used ICE, drive it for 2-3 years, and then buy a Tesla. During this time, I bet a new Tesla would be going down in value more than my used ICE would. Or if I really wanted an EV now, I'd get a used Tesla.
This is about the worst time to buy a new car. Teslas are still expensive, other EVs are crappy or unavailable, and ICE cars are on the way out.