The first ICE vehicles were death traps and really bad for the environment. They kept evolving to add safety features, infrastructure, removed lead from gas, etc.
I don't see them having a good resale value. I don't know, but I don't see people selling their earlier model Tesla's. And as a consumer, I don't know if I would buy an old Tesla.
First of all, I doubt too many families would have all EV's. Nice to have along side ICE vehicles sort of as a toy that doesn't use gas so that urban cowboys can flip the bird to da man. Second of all, if you were buying a used EV, you would have absolutely no idea how the battery was maintained and you'd want the dealer to put in a new batter pack, which he won't do so your're faced with a possible engine change in 2-3 years. Some argue that the batteries are guaranteed for 8 years but you better read the fine print. it says "under normal driving conditions" and if you adhered to the manufacturers battery care protocols. The lawyers are smart enough to ensure that the manufacturer won't be on the hook if your battery fries after 7 years. Buy a used beater if you will, but at your own risk.
Tons of money in EV support. Charging networks, parts, "look how progressive I am", etc. Not so much on 3D TV. That only works if you have content creators, and that costs a lot as well. Sort of how VR is going now.
I guess the bottom line is we need to figure out how to get porn to incorporate EV's. Whatever porn adopts, lasts.
Bang Bus EV-edition!
Can't disagree, but the early ICE's were throw away as well. Wasn't really until the late 90's that American autos had any resale value after 100k miles unless it was a special edition or 4x4.
I don't personally see that any different than the 50k mile internal oil filter work that needs to be done on something like a BMW. Multiple thousands of dollars for a stupid little oil filter in the engine. It's why everyone wants to ditch a BMW at 45k miles.
And finance rates are crazy high right now. Guy at work just bought a new car and got a 7.2% rate. No other options, so he had to sign it and then will refinance when possible.
I've never leased and don't see a day where I will. I like to outright town my stuff, and leasing is just signing up to make payments the rest of your life.
I leased one time and it was on a Honda Mini Van around 2004. They were coming out with a new model and were so aggressive on the lease option I literally paid less over 3 years than the depreciation hit would be if I had bought and then sold.
Yeah when I was first out of college and looking at getting a new car I did the math. The only time it actually was a good deal, for me in 2005'ish timeframe was if the lease was $0 upfront. Any of the leases that required an upfront payment negated any savings in the end. So I just ended up buying.
That’s exactly when I pulled the trigger.
That really is the key, buy foreign that holds value. I'll add one more rule I have, and that's always buy SUV's or trucks that are 4x4. There is a floor on those regardless of the shape they are in simply because of the off-road market.
