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Tesla Model 3 will be revealed on March 31st
- Thread starter mcfrank
- Start date
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Yeah, 4 is still pushing it a little for me but its the salary vs cost that I cant fathom.
adamsappel
Member
I'll be putting a deposit down, but I don't expect the car in 2017.
If you make 70k, you take home about 4.1k a month after taxes give or take depending on your state. Is $650 out of 4.1k really that much?
plagiarize
Banned
You can reduce the price as much as 10,000 in some states. That isn't factoring in savings on running costs over whatever your current vehicle is. Trust me, I just went through the process with the 2016 Volt.
Nope, you clearly can't live with $3,450 left over. You would be extremely irresponsible. /s
I'm about to buy a $42k car on $78k salary. Even a 5 year loan will be higher than my mortgage+escrow payments, which is a bit funny I suppose. Perhaps not my best financial decision, but I figure if I'm maxing out my 401k contributions I'm doing alright.
Septimus Prime
Member
I think it makes sense for them to do this, though, since they want to expand their market. Model X launching at like $110k (as opposed to its rumored $60-70k price) prices it out of the SUV market, and Model S is also way more expensive than its sticker price once you add options.
Looks like it was already in an accident.Seriously, these are ugllier than most American cars.
If you want that over your head for 5 years have at it. You tax brackets are better than ours up here in Canada as I don't think we see 4100 a month. Cars are way to disposable to me, that thing get stolen and recovered and its a lemon your stuck with.
plagiarize
Banned
something in the low 200s like the Bolt.
Sectorseven
Member
I think 200. The car is going to be significantly lighter than the Model S.
A gasoline engine compact car can be had for under $20k new, so not really. And that's not getting into the people who can only afford used cars.
It improves the situation, though.
HeartlessNobody213
Member
Really hope the design for this is good. That's pretty much the only thing that can hold it back in my eyes. Musk already said it won't be a weird mobile but if I don't like the design, I figure I could just save up for a Model S.
plagiarize
Banned
I drive a full EV, and the wife drives a Volt. We aren't rich.
My monthly take home is about 3500.
probably something in the region of a 25% loss if you run cabin heat. Not an issue for the vast majority of drives. I'd expect the Model 3 to use a more efficient heating set up than the Model S uses. Probably a heat pump.
Angelus Errare
Banned
You need to remember that vast majority of Americans live check to check. So yea $650 could be a lot depending on their other expenses.
I've never understood it myself.
DirtyManos
Member
No I agree from a market perspective, it's definitely the way to go. It most likely also makes production much, much easier. I'm sure their priority is to get the smoothest production and rollout possible.
I'm just saying for people in the market in the 40-50k range, it's a bummer there won't be an equivalent model to compete with that luxury sedan market. So far you have the real high end market with great performance, and now the entry level bare bone car. I'm still waiting for that EV 3-series competitor.
If you think about it, if you would have paid $500 in gas a month, the Tesla would save you $500 a month, and with car payments of $500 a month, the car would essentially be free
nhlducks35
Member
Do you drive a hummer
plagiarize
Banned
Only if you don't pay for your electricity or exclusive use Tesla's charging network. And they try to discourage people who abuse the charging network, which is there to enable road trips, not replace plugging in at home.
Still, it's almost certainly cheaper than your current running costs. (almost certainly).
plagiarize
Banned
How many miles do you average a month, and what do you pay per kWh of electricity?
200 is not high enough for me I think. I don't have a garage to charge overnight anyway but there aren't nearly enough charging stations all over California to justify it to me.
Septimus Prime
Member
I think you can kind of consider an option-less Model S P60 to be around that range. After tax incentives, it should be around $50k.
plagiarize
Banned
Reportedly 200 is enough for 70 percent of American drivers, compared to 100 being enough for 10 percent. That's why 200 is seen as a magic number.
D
Deleted member 80556
Unconfirmed Member
Oh well, baby steps. I suppose that the upper-middle class will be happy. (I might be wrong since I don't know how much the average uppder middle class family receives in money)
750 miles a month or so, my cost of kWh is tiered, but since this'll be adding to the top, about $0.19 per kWh.
If you are living paycheck to paycheck, you probably shouldn't be buying a Tesla. So maybe we are saying the same thing.
Technosteve
Banned
please be a hatchback
I'm totally hoping for the hot hatch. +1
whatsinaname
Member
The battery is rumoured to be 50 kwh. So $ (200 *0.19)/(0.80) for your monthly charges. (This is assuming 80% charger efficiency).
Most power companies seem to have offers for EV owners. Off hours on mine for PEV charging is 4cents per kwh. (11 PM to 5 AM).
(PS: Your current car is only at 10mpg?!)
plagiarize
Banned
I'll just put it like this. I pay about $0.22 a kWh, which is as I understand it is on the high end. But even so, $120 would net me 545 kWhs of electricity. Estimating for vampire and charging losses, I can't imagine the Model 3 being any worse than 4 miles per kWh.
So at what electricity costs me, that would be enough to go 2,180 miles.
Around here right now, gasoline is just shy of $2 a gallon. So *currently* that works out the same as driving a car that gets 36 miles per gallon. That's based on high electricity costs and low gas prices though.
Orbis Tabula
Member
Thanks for all the info, guys. Sounds like something I should wait a bit for. Which works out since it won't be on market for a while anyway. My car will be twenty years old be then, though...
RustyNails
Member
Sold. Gonna drop $5k down for the deposit like a mofo.
Anyone know if the design will look like Model S? Hoping so.
Anyone know if the design will look like Model S? Hoping so.
plagiarize
Banned
He may well be Californian based on those electricity prices and gasoline runnings costs.
In which case 750 miles at 4 mpkWh means 187.5 kWhs of extra use at $0.19 which gives you something in the region of a $36 increase in your monthly electricity bill or an $84 saving.
I would *love* those off hours rates. My costs per kWh are flat. Not likely happening though for me any time soon. I figure I can bring my costs down with solar panels this year though.
RustyNails
Member
NO
Whats wrong with a hot hatch, its a small car what are you expecting?
plagiarize
Banned
small doesn't have to mean hatchback.
I love the way the Bolt looks, but I love the gen 2 Volt even more. Such a nice looking car in tricoat blue.
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