Tesla's big vehicle price fluctuations and repair wait times are putting rental car companies at a loss both in the figurative and literal sense. Tesla has cut prices by 30% this year and those rental companies which bought at the peak are suffering.
What a bullshit reason. Tesla’s depreciation is almost identical to that of every other car model. And BYD is a newcomer so there’s no data on how much it will depreciate.
Just say that you don’t like Teslas and/or Elon Musk, or that China is giving you money. Those are all fine reasons to make decisions.
If you bought a Tesla during the peak of covid prices, the depreciation has been pretty brutal. (Edit Although i imagine its brutal for other vehicles as well.)
I’m not sure what people were expecting there though. Those prices weren’t exactly natural.
I don’t think outside of that event, theybe been as bad as they’re made out to be.
If interest rates go down and Tesla raises prices again, and they are losing some of the IRA credit, you might even end up on the appreciating side of things like owners just before the covid price spike.
I was looking at stats. For instance, Volkswagen E-Golf models and Polestar 2 have similar (or worse) depreciation rates, and BYD hasn’t been in the market long enough to know how it depreciates. Why do you want to listen to bullshit some companies say when you can look at raw data? Because that bullshit agrees with your preconceptions?
Look, you can have preconceptions and you can make decisions based on those. That’s fine. But of course people will call them out if they are uttered in public.
BYD makes cars for longer than Tesla as far as I can read, if they were a total failure it’d be known by now, so if Sixt says the lifetime cost estimates for byd are better than for Tesla maybe just Believe them.
Cars can exist and you can gather data on them without the cars being sold in the US.
Well, I have fortunately the privilege of not having to believe anyone, since I already have my EV and have no reason to change in several years. But I’ll certainly take a look at the data when it comes the time to acquire the next one. Who knows, BYD might be on the short list.
They aren’t selling to you, they are rental companies. They are making decisions based on entirely different criteria and priorities than a private owner. But I’m sure your 5 minute googling is better than their combined several decades of experience running their business.
Tesla’s depreciation is almost identical to that of every other car model
Not at all. You might be okay with how fast yours depreciated, but that doesn’t mean it’s in line with other brands.
And BYD is a newcomer
They aren’t- They’ve been making cars since before Tesla was incorporated. And they make more BEVs than Tesla, more battery cells than Tesla, and tesla uses BYD cells in some of their cars.
Just say that you don’t like Teslas
Okay. I liked my Performance Model 3 for the first 9 months, then it had serious problems. By the time I traded it, I hated it.
and/or Elon Musk
Great. Musk is a piece of shit. That’s secondary, but still related to how abysmal Tesla’s repair shops are, how few there are, and how long you need to wait for parts.
or that China is giving you money.
I wish. Yo, China. I’m willing to take money, and in exchange I’ll promote BYD as an EV brand. If anybody in China with the authority to make this happen, DM me for wiring instructions. $500k USD a year, access to engineers internally so I can ask questions, and we’ve got a deal.
See my links further in this thread, and feel free to attempt to disagree with actual industry reporting. And, of course, show us any links you have pretending that Teslas don’t depreciate faster than the highest selling vehicles in the world. Something other than Elon’s tweets.
We don’t have different results, you just can’t seem to read a simple picture for some reason. See how that 2018 Toyota is worth over the 80% line and the Tesla is below the 80% line? I’ve seen self owns here before, but this was impressive.
You’re quick to become insulting. You should look into that, because it makes you seem like a total asshole where it’s entirely possible that you are not one.
The difference here is that I’m looking at longer ownership times, so I was focusing on year 2012. Toyota is still somewhat better, though, but Toyotas are famous for having very long lives. Volkswagen is at about the same level.
That wasn’t me being insulting. Do you think this EV rental company is comparing their 2012 resale values, or do you think they’re comparing their 3-5 year values? In the US, around two thirds of owners own their car for 5 years or less. This is why the links I posted compared vehicles at 3, 5, and 7 years.
What a bullshit reason. Tesla’s depreciation is almost identical to that of every other car model. And BYD is a newcomer so there’s no data on how much it will depreciate.
Just say that you don’t like Teslas and/or Elon Musk, or that China is giving you money. Those are all fine reasons to make decisions.
If you bought a Tesla during the peak of covid prices, the depreciation has been pretty brutal. (Edit Although i imagine its brutal for other vehicles as well.)
I’m not sure what people were expecting there though. Those prices weren’t exactly natural.
I don’t think outside of that event, theybe been as bad as they’re made out to be.
Yeah, I bought just after the latest price reduction, so I guess I’m in the stupidly fortunate group of Tesla owners.
If interest rates go down and Tesla raises prices again, and they are losing some of the IRA credit, you might even end up on the appreciating side of things like owners just before the covid price spike.
Hmmm, two car rental companies saying the same thing…nah they must be lying.
I was looking at stats. For instance, Volkswagen E-Golf models and Polestar 2 have similar (or worse) depreciation rates, and BYD hasn’t been in the market long enough to know how it depreciates. Why do you want to listen to bullshit some companies say when you can look at raw data? Because that bullshit agrees with your preconceptions?
Look, you can have preconceptions and you can make decisions based on those. That’s fine. But of course people will call them out if they are uttered in public.
BYD makes cars for longer than Tesla as far as I can read, if they were a total failure it’d be known by now, so if Sixt says the lifetime cost estimates for byd are better than for Tesla maybe just Believe them. Cars can exist and you can gather data on them without the cars being sold in the US.
Well, I have fortunately the privilege of not having to believe anyone, since I already have my EV and have no reason to change in several years. But I’ll certainly take a look at the data when it comes the time to acquire the next one. Who knows, BYD might be on the short list.
They aren’t selling to you, they are rental companies. They are making decisions based on entirely different criteria and priorities than a private owner. But I’m sure your 5 minute googling is better than their combined several decades of experience running their business.
Oh, I used way less than 5 minutes on this one ;)
I think you’re forgetting who is attached to that brand…
Not at all. You might be okay with how fast yours depreciated, but that doesn’t mean it’s in line with other brands.
They aren’t- They’ve been making cars since before Tesla was incorporated. And they make more BEVs than Tesla, more battery cells than Tesla, and tesla uses BYD cells in some of their cars.
Okay. I liked my Performance Model 3 for the first 9 months, then it had serious problems. By the time I traded it, I hated it.
Great. Musk is a piece of shit. That’s secondary, but still related to how abysmal Tesla’s repair shops are, how few there are, and how long you need to wait for parts.
I wish. Yo, China. I’m willing to take money, and in exchange I’ll promote BYD as an EV brand. If anybody in China with the authority to make this happen, DM me for wiring instructions. $500k USD a year, access to engineers internally so I can ask questions, and we’ve got a deal.
The data I’ve seen disagrees with you, so do you have better data?
See my links further in this thread, and feel free to attempt to disagree with actual industry reporting. And, of course, show us any links you have pretending that Teslas don’t depreciate faster than the highest selling vehicles in the world. Something other than Elon’s tweets.
For instance:
https://caredge.com/tesla/depreciation
vs
https://caredge.com/volkswagen/depreciation
vs
https://caredge.com/toyota/depreciation
I looked at your links. Fascinating that we have the same source site, but apparently different results.
We don’t have different results, you just can’t seem to read a simple picture for some reason. See how that 2018 Toyota is worth over the 80% line and the Tesla is below the 80% line? I’ve seen self owns here before, but this was impressive.
You’re quick to become insulting. You should look into that, because it makes you seem like a total asshole where it’s entirely possible that you are not one.
The difference here is that I’m looking at longer ownership times, so I was focusing on year 2012. Toyota is still somewhat better, though, but Toyotas are famous for having very long lives. Volkswagen is at about the same level.
That wasn’t me being insulting. Do you think this EV rental company is comparing their 2012 resale values, or do you think they’re comparing their 3-5 year values? In the US, around two thirds of owners own their car for 5 years or less. This is why the links I posted compared vehicles at 3, 5, and 7 years.
That makes sense. You’re right, and I appreciate the correction.
How much would you pay for an ex-rental car ? The argument is total BS.
I’ll never own another Tesla in my life, so I’m probably the wrong person to ask. 😆