Quote:
Originally Posted by spd2918
Thanks for the info, Footer. It's nice to see real world numbers.
Most people will be shocked to see $40,000 worth of depreciation in 2 years. That money would fuel a 25 mpg gas car for 333,333 miles (@ $3 a gallon). Gas cars depreciate, too, but $40k is breathtaking.
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BMW 5 series depreciate about 50% in 3 years. Luxury cars, in general, depreciate about $25,000 in two years. And I believe the post said they would get more in a private sale. This is true of almost everything, trade in a $1,000 phone in two years and gets pennies back, private sell it, and get maybe 50% back.
And don't brush off the tires only maintenance. Check the maintenance cost on BMW 5 series and it is a bit more than tires. And if you get an error code, it's $250 just to read it, not to mention what the cost will be to repair whatever the code is for.
Tesla's have a very competitive total cost of ownership.