The depressing reality of buying an EV: Especially bad resale [ADMIN WARNING: NO POLITICS]

[rcechinel]

You’re not a rational, objective or critical thinker and you conflate many things so your unhinged rant shall remain.

See my TCO post. I based my decision in facts. You are the one offending people who live in Maryland, calling people greenies... Talking about rant, go back and read your own posts, dude. I'm just talking to you on the same level of rudeness you've demonstrated throughout this discussion.

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[ryannix123]

See my TCO post. I based my decision in facts. You are the one offending people who live in Maryland, calling people greenies... Talking about rant, go back and read your own posts, dude. I'm just talking to you on the same level of rudeness you've demonstrated throughout this discussion.

Let's reset the discussion here by striving to be more civil and not delve into personal attacks. This should be a high-level, wide-ranging, intellectual debate on the financial efficacy of EVs, both for the manufacturers and their customers.

 

[rcechinel]

Let's reset the discussion here by striving to be more civil and not delve into personal attacks. This should be a high-level, wide-ranging, intellectual debate on the financial efficacy of EVs, both for the manufacturers and their customers.

I completely agree. Now go say that to your buddy designmatters... I quote him:
"EV's have been rejected in free markets by all except greenies and affluents which is why their resale is absolute sh*t per the point of OP. Not at all surprised you are from Maryland."

Now, regarding my post about TCO. I hope that helps feel better about the depreciation. Of course that was my particular case (got an $8K profit on buying my lease and the last year of non-income dependent $7500 tax credit). Just drive and be happy.

 

[rreddy3]

As much as this thread may entertain some people, including our European friends on the Forum, I think it’s fair to ask if the topic has been sufficiently beaten to death, and enough personal insults have been hurled to satisfy participants, whether it’s time to tie a bow on this package and call it a day.

 

[rcechinel]

On the positive side, I recently read an article that expressed that the Tesla 3 is likely the ‘new’ Camry. Assuming that batteries have the longevity that they appear to have - already some Teslas crossing the 200k mark with original battery still above 90% - and assuming there is a charging solution for apartment dwellers, in a few years we’ll have a bunch of really inexpensive vehicles that are reasonable to maintain that could still provide the next owner with several years of inexpensive transportation.

The model 3 is the best value car in America, for sure.

 

[johnnycombo]

The OP needs to learn the difference between, investment vehicle and electric vehicle! I have never owned any vehicle that didn’t lose value. Being people that actually own EVs, we all know the true value, less fuel cost, less maintenance (oil, filter, brakes and transmission maintenance ) more power than any car I’ve ever owned from stock and the best part is at the end of the loan or lease you still have a very capable vehicle that’s ready to give many more years and miles!
The real proof of the electric vehicle value is in the story of the 2012 Chevrolet Volt named “Sparky”, 477,000 miles! You won’t get that out of any gas weezer.

 

[Shepherd]

I broke a cardinal rule in my automotive playbook and bought my MME new. We are all at different stages of life and values. At this point I don’t care about depreciation and will keep it for many years with luck.

I think our european friends would agree there is an unhealthy obsession here with $$$ value over utility value. A relative constantly complains about literally everything through the lens of ROI. This is your brain on watching Bloomberg all day.

 

[Teslaeata]

As much as this thread may entertain some people, including our European friends on the Forum…..

Does he mean me? I think he means me. He really does mean me?

Entertaining, true, though also informative and interesting on his how some issues are the same the world over including falling resale values amongst others.

Interesting the ranters & ravers are the same, their insults when opinions are challenged and what baits their clicks is not exactly (!) dissimilar.

Interesting also to know & compare charge infrastructure and all the things we all have to deal with on a daily basis in all markets this amazing Mach-e is sold and used.

 

[Teslaeata]

I broke a cardinal rule in my automotive playbook and bought my MME new. We are all at different stages of life and values. At this point I don’t care about depreciation and will keep it for many years with luck.

I think our european friends would agree there is an unhealthy obsession here with $$$ value over utility value. A relative constantly complains about literally everything through the lens of ROI. This is your brain on watching Bloomberg all day.

With you, Shepherd, different things to different people at different time of life and/or in different circumstances.

There’s are the career obsessive big I think we tend to find the obsession for most becomes more intense the more the issue of depreciation affects people’s financial situation.

I tend to buy new, run ‘em for around 4 years until c140,000 and trade or give ‘em away when they’re not worth very much anyway.

This Mach-e, though, maybe be a longer term project just to see what an EV is capable in terms of performance, longevity and practicality.

So far, so good at almost 97,000 miles & 39mths.

I will drop it like a stone if it lets me down, it has to be said, I have no loyalty precedent to reliability - if it stops me working it will go.

 

[rreddy3]

RR, for me just to keep it short so I don’t get slammed by everybody else in here for being stupid or whatever. My only complaint and it’s not anger. It’s more of a shaking my head. If my dealer that sold me my car would give me 36 eight like Carvana I’d buy another new car from them but the fact that they wanna give me 10,000 less than Carvana that’s ridiculous and just bought the car from him like eight months ago but I have no intention of getting rid of my Mustang. I love that electric car. It is one of the better cars I’ve ever owned and I’ve owned a lot of Mustangs and like I said since the age of 16, I probably bought a car or two cars every two years I’m like that I probably should lease but I like to modify the heck out of my car so I don’t think they like that when you lease a car end of my little argument.

No worries from me Jerry! I’m pretty sure I’ve bought too many cars in my time too. None are what I would call investment grade. Except maybe as a light investment the ‘57 Morgan that shares the garage with my Mach e. The Moggie has been in the family since ‘62 or ‘63. Truth be told it passed to me by descent. As far as Mach e is concerned, I love it. Although my mileage is still very low at this point it’s been a great car, one of best and most entertaining I think I’ve owned. It’s a keeper. Who knows, perhaps I will be buried in it for the great drive to the afterlife.

I agree, your dealer offered you a stinker of a deal. That’s no bueno.

 

[ryannix123]

So let's see if I have this right.

You stated Ford's EV sales are down. In fact, they're up.
You stated you got a rebate. You didn't.

Got it.



Here's the problem. You've crossed the line into political stuff. That's not allowed on this forum. Bye.

You're right, I shouldn't have taken the bait and commented on politics.

While Ford's unit sales might be up, so are its losses, and I cited my source.

"Ford’s Model E unit faced challenges, losing $1.1 billion in the second quarter, with revenue falling to $1.3 billion and volume down 23%. EV losses totaled $2.5 billion for the first half of 2024 due to lower volume and industry-wide pricing pressure. (emphasis added) Ford still expects its Model E EV business to lose between $5.0 and $5.5 billion this year." Citation.

I never stated I got a rebate. I thought I missed the tax incentive for buying a used, two-year-old EV, not knowing that the MME I purchased wouldn't have qualified because of the price. I am lamenting not buying a used MME for < $25k.

 

[rreddy3]

Does he mean me? I think he means me. He really does mean me?

Entertaining, true, though also informative and interesting on his how some issues are the same the world over including falling resale values amongst others.

Interesting the ranters & ravers are the same, their insults when opinions are challenged and what baits their clicks is not exactly (!) dissimilar.

Interesting also to know & compare charge infrastructure and all the things we all have to deal with on a daily basis in all markets this amazing Mach-e is sold and used.

You and others Mark! From time to time I see Danes, Norwegians, Germans, and Spaniards wander through the time/space portal to the forum.

It’s all good (except the part about driving on the wrong side of the road in the UK and Ireland and a few other places?), and it’s nice to be part of a far flung “family” , even if our branch of the family may occasionally seem extraordinarily dysfunctional. But, at the end of the day I hope it remains family.

BTW, I agree with your observations. In daily life we all have much more in common than not. Particularly when the political overtones can be checked at the door or with the barman along with other assorted weapons.

Following some of the discussions here does remind me of some the “food fight” scenes from foreign governmental proceedings occasionally appearing on international news.

 

[johnnycombo]

As much as this thread may entertain some people, including our European friends on the Forum, I think it’s fair to ask if the topic has been sufficiently beaten to death, and enough personal insults have been hurled to satisfy participants, whether it’s time to tie a bow on this package and call it a day.

I consider this thread as nothing more than troll food and they are all popping their heads out from under the bridge!

 

[zvez]

You're right, I shouldn't have taken the bait and commented on politics.

While Ford's unit sales might be up, so are its losses, and I cited my source.

"Ford’s Model E unit faced challenges, losing $1.1 billion in the second quarter, with revenue falling to $1.3 billion and volume down 23%. EV losses totaled $2.5 billion for the first half of 2024 due to lower volume and industry-wide pricing pressure. (emphasis added) Ford still expects its Model E EV business to lose between $5.0 and $5.5 billion this year." Citation.

I never stated I got a rebate. I thought I missed the tax incentive for buying a used, two-year-old EV, not knowing that the MME I purchased wouldn't have qualified because of the price. I am lamenting not buying a used MME for < $25k.

curious, how many years was tesla operating at a loss. I don't actually know (AI says 17 years and hit profitability in 2020), but it was years and years and years. This is a completely new field for Ford, to think in a space of three or four years that section would be profitable, seems a bit pie in the sky.

 

[Teslaeata]

……..driving on the wrong side of the road in the UK and Ireland and a few other places…….

Now just hang on a cotton pickin’ moment here, cowboy!

You just overstepped the mark and wakened the tinternet troll in me, rest of the world may drive on the rights side if the road but WE are the ones who drive on the correct side of the road?

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