Sure its more expensive than owning no car at all. Owning no car at all just isn’t an option for a lot of people in the US. So instead of spending money on tires/brakes/insurance/fuel/oil/fluids/tires for an F150, I’m paying for tires/insurance for a dorky little EV. And I have an extra ~$400 in my budget.
Correct, so you dodged the 25-35% cost of driving out of the lot, but unless its so old the resale value is like 5-10% of the og cost, depreciation is still going to be your greatest loss, likely 10-20% per year. Thats a few thousand dollars.
That assumes I’m going to sell it for more than scrap value. When I’m done with it, it should be worthless. Its not an investment, it’s a tool, I’m not worried about the resale value on it any more than I’m worried about the resale value of my socket set.
Edit: You did catch that it’s a used EV, right? I bought it for something like 1/4 it’s original sale price. This isnt a two year old Honda Accord.
I don’t understand your argument.
The truck I traded in had those same costs
And it got 15 mpg.
And the tires cost more.
And the insurance was twice as expensive.
And it needed oil changes
And it needed transmission fluid changes.
Sure its more expensive than owning no car at all. Owning no car at all just isn’t an option for a lot of people in the US. So instead of spending money on tires/brakes/insurance/fuel/oil/fluids/tires for an F150, I’m paying for tires/insurance for a dorky little EV. And I have an extra ~$400 in my budget.
Have you looked at a depreciation curve? For newish vehicles, the biggest “expense” is depreciation. Its higher for luxury cars and EVs than trucks.
Yeah, but I didn’t buy a new ev…
Correct, so you dodged the 25-35% cost of driving out of the lot, but unless its so old the resale value is like 5-10% of the og cost, depreciation is still going to be your greatest loss, likely 10-20% per year. Thats a few thousand dollars.
That assumes I’m going to sell it for more than scrap value. When I’m done with it, it should be worthless. Its not an investment, it’s a tool, I’m not worried about the resale value on it any more than I’m worried about the resale value of my socket set.
Edit: You did catch that it’s a used EV, right? I bought it for something like 1/4 it’s original sale price. This isnt a two year old Honda Accord.
The car is not free. The car is still expensive. Even if it is a necessary expense. Even if it’s cheaper than the truck.
So its hair splitting then.
No, it’s talking about how cars are expensive, not free.