if you’ve got *almost double* the cash to buy outright because you still have to make the monthly payments.
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[UK] ‘Highland’ order discussion
- Thread starter Marsh_UK
- Start date
if you’ve got *almost double* the cash to buy outright because you still have to make the monthly payments.
It's generally not a good idea to interfere with another persons 'man-maths' (other genders exist)
But when did that ever stop someone on the internet
My 2p
If you're buying the car anyway. then 0% interest on the purchase and 4%+ savings rates mean taking the finance is a good idea and sticking the cash somewhere to earn. Get's a little more complicated if its not tax free savings ie when ISA allowances are already full
If you're changing because of the 0% finance rate, then you need to add in the depreciation and running cost differences over the term. My morning coffee hasn't kicked in just yet to work out the ramifications but I guess it's along the lines of if a new car is £10k more than my current one now, but in say 3 years time the price difference as used cars was £7k, I've got to fund that extra £3k depreciation from somewhere.
But when did that ever stop someone on the internet
My 2p
If you're buying the car anyway. then 0% interest on the purchase and 4%+ savings rates mean taking the finance is a good idea and sticking the cash somewhere to earn. Get's a little more complicated if its not tax free savings ie when ISA allowances are already full
If you're changing because of the 0% finance rate, then you need to add in the depreciation and running cost differences over the term. My morning coffee hasn't kicked in just yet to work out the ramifications but I guess it's along the lines of if a new car is £10k more than my current one now, but in say 3 years time the price difference as used cars was £7k, I've got to fund that extra £3k depreciation from somewhere.
0% APR is a unique scenario I think, as pointed out it makes sticking the capital in savings accounts a no-brainer. Under the normal run of things this calculus doesn't work.
0% APR wasn't available when I bought my M3P outright, and the Tesla of 2020 was different to the one now, end of quarter pushes weren't a thing (as far as I'm aware) and the price was the price.
I perhaps should have spent more time before ordering trying to understand the trajectory of the company, because whenever I've had a minor grumble about values cratering I've often condescendingly been told that Tesla's mission statement was always to get everyone in to EVs, therefore they were always going to crush resale values in the name of selling more cars. Had I known then what I know now, not least about FSD, etc - I would almost certainly have financed it if I had bought it at all.
I can't complain too much though because there's been plenty of people who bought at the real peaks of the prices, APRs and resale values - and had their pants pulled down big time on all three fronts.
0% APR wasn't available when I bought my M3P outright, and the Tesla of 2020 was different to the one now, end of quarter pushes weren't a thing (as far as I'm aware) and the price was the price.
I perhaps should have spent more time before ordering trying to understand the trajectory of the company, because whenever I've had a minor grumble about values cratering I've often condescendingly been told that Tesla's mission statement was always to get everyone in to EVs, therefore they were always going to crush resale values in the name of selling more cars. Had I known then what I know now, not least about FSD, etc - I would almost certainly have financed it if I had bought it at all.
I can't complain too much though because there's been plenty of people who bought at the real peaks of the prices, APRs and resale values - and had their pants pulled down big time on all three fronts.
I pushed the button on a non-inventory (wanted white interior) M3P on 0% to replace a 2021 LR (goes back as changing jobs), 2k down and £682 pm on 10k, happy with that, also got the red paint.
Finance took 2 hours with CA, its worth noting that the first choice is always Blackhorse who had far higher payments due to GFV.
I like the car but don't really trust Tesla not to mess with Highland, plus the wife gets a IX next week so that can be the fancy car.
Finance took 2 hours with CA, its worth noting that the first choice is always Blackhorse who had far higher payments due to GFV.
I like the car but don't really trust Tesla not to mess with Highland, plus the wife gets a IX next week so that can be the fancy car.
That’s all well and good but what if your current car has taken the majority of his depreciation hit already? I like your man maths but you aren’t factoring in depreciation.
I'm talking about a scenario where a buyer has decided they're going to buy a new Tesla, and am simply drawing attention to what a good deal 0% apr is. Especially in times of high inflation and elevated interest rates.
Obviously if we're talking about someone with an old banger and they're happy to run it into the ground, that's their perogative. Nothing wrong with that. That's the way I've lived the first 50 years of my life.
Obviously if we're talking about someone with an old banger and they're happy to run it into the ground, that's their perogative. Nothing wrong with that. That's the way I've lived the first 50 years of my life.
Alternatively, it hasn’t. I find it odd that Tesla would still be taking custom orders of the old model (as opposed to inventory) if there was a new model being now made.
They may be converting one of the production lines and running the odd test car down it, but I wouldn’t call that being in production
Zilla91
Active Member
It's just a refresh, new front and rear bumpers but apparently a big internal change. Might not be all for the better either given the cost cutting chatter
Some of the cost cutting is from improved manufacturing like gigacasting. You won't notice that until you or someone dings it and the whole car has to be replaced. I do though support stuff like that improves quality and brings cost down.
Will have to see what else they've done and if they pass any of those cost savings on to the buyer. I suspect initially as they know there might be pent up demand for the new one they'll milk that for a bit.
Zilla91
Active Member
If you're lucky. Better hope the casting doesn't crack like on this model y
New Images and Video Confirm Austin-Made Tesla Model Y Has Cracked Front Casting
When I first told my readers about an Austin-made Tesla Model Y with a cracked front casting, the owner had yet to confirm how serious the problem was. I...
www.autoevolution.com
This brings up an interesting point…
What good is gigacasting if it only makes manufacturing cheaper and/or easier? If it makes the car basically impossible to repair, then it’ll quickly become uninsurable, surely?
Immediately obvious there is ambient lighting, no stalks and round wheel
UK website just says "sign up for news on latest version of model 3" at the top.
Model 3 | 特斯拉中国 has more. Two new colours (new red and silver). Suggested 443 miles range on 18" wheels. Rear screen. Ventilated seats. Only RWD or LR versions at this time. Looks like there might be a bumper camera in the top video but no mention of it. Has UWB for keys.
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pdk42
Active Member
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