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Joined 10 months ago
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Cake day: November 19th, 2023

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  • First thing to consider is what you are getting the car for. That way you can see if you need a tesla 3, a bolt, a cybertruck/f150 etc. So you have a better comparison metric.

    Then I would do the math based on what you had said. Maybe do the 10k at 5% appreciation versus the 10% you had to be more conservative.

    I wouldn’t focus too much on the depreciation as that is misleading. Who would have been able to predict that used cars are worth so much more now. Also. Who knows in 10 years since gas prices could be anything by then and same with EVs nobody can tell what it’ll be in 10 years. (I do wish we had smaller cars in NA like the tiny trucks and vans they have in europe).

    That should give you a better metric between the 2.

    I was looking before to swap my jeep and I came to the 10 year break even point at current gas prices. The big issue I had was wondering if the EV would last 10 years without major issues. I really wanted a plug-in hybrid but wait lists were ridiculous for it) ended up putting a deposit for the cybertruck. It was a hundred bux but this way, at least I am on a list and if the truck becomes actually good at a decent price range. I’ll be able to get it. Expect to get one in a few years and hopefully by then the infrastructure becomes a lot more friendly up here in the north. (We want to do some RVing for retirement when that happens eventually and I don’t live in downtown of a city)