How Much Is A Brand New Tesla
How Much Is A Brand New Tesla – While the Tesla Model Y is priced below the US average for a new car, the story about the high cost of EVs is slowly but surely spreading.
According to Bluesburg, pricing changes to Tesla’s electric vehicle lineup have made the Model Y crossover more affordable.
How Much Is A Brand New Tesla
To be clear, the top-of-the-line Tesla Model Y currently has an MSRP of $46,990 (excluding destination charges), which is $759 more than the average price of a new or used car sold in the United States.
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It’s an important development that could help change the mindset of some who think EVs are too expensive — even though there are several models on the market that cost more than $50,000, even Tesla’s port. Also in folio.
Except for the Model Y, Tesla’s Model 3’s MSRP is lower than the average new car price in the U.S., with a starting price of $39,990, $7,759 less than Tesla’s best price. From the average price paid for a car or truck in the United States
Additionally, Tesla doesn’t make the cheapest EVs out there, with the Chevrolet Bolt EV starting at $26,500 and other models like the Nissan Leaf and Hyundai Kona Electric priced under $40,000. If anything, none of the above EVs have had the same impact as Tesla’s offering in the world of EV enthusiasts.
Despite its rocky start two years ago, Tesla is doing well now, considering the Model Y was the best-selling EV in the United States last year. In addition, the price cuts used by Tesla in North America and other markets around the world have prompted some of its competitors to question whether the EV sales battle is worth it. . Complete for others.
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Ford CEO Jim Farley said “price wars are starting everywhere”, while French carmaker Renault said last week that Tesla’s cuts in response had affected its pricing strategy. What is the challenge?
As always, we want to know what you think about it, so head to the comments section below to give us your thoughts. How much does it cost to buy and own a Tesla model in Singapore? Over $200,000 on April 24, 2023 by Timothy Howe.
In July 2021, it was reported that Tesla leased a building for its showroom, business office and service center in the To Payoh Lorong 8 business district. Customers can place orders for the Tesla Model 3 directly from Tesla after the sales portal launches in February 2021.
Heralded by Elon Musk as the world’s “perfect” electric car in April 2016, the Model 3 is coming to Singapore nearly five years after — and one might say, just in time — when Singapore electric vehicles (EVs). Preparing to adopt As the preferred vehicle of the future
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When it comes to EV cars in Singapore, the Tesla Model 3 is in a good position, the best-selling EV car in 2021, which achieved 924 units out of a total of 1,740 cars sold in 2021, with a total of 464 sales in 2022. With Tesla 2H2022 (July to November 2022) remaining strong with high COE values. Comparatively, Mazda and Nissan saw lower sales than Tesla during that period.
Tesla is unique because it is the only brand in Singapore that sells directly to consumers. This is a unique concept because while most car manufacturers sell their cars through authorized dealers or similar importers, Tesla wants to cut out the middleman by selling directly to its customers.
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Based on information from Tesla’s sales center, we can see that the standard Range Plus Model 3 will cost $104,754 (before COE). The Model 3 Display is priced at $155,040 (before COE).
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As you can see from the image above, the Model 3 has a base price (including GST) of $75,990. All car prices are increasing in Singapore. .
Thankfully, and perhaps because many Singaporean drivers (including this writer) want to own a Model 3, it has a maximum Vehicle Emission Scheme (VES) fee of $25,000. This is the highest amount any car can enjoy in Singapore.
In addition, the Model 3 also enjoys the EV Early Adopter Incentive (EEAI) offered by the Singapore government, which offers a 45% discount on the RF, capped at $20,000. Overall, the Model 3 costs $45,000, which is the most the car can enjoy. Note that the EEAI applies from 1 January 2021 to 31 December 2023.
However, a price of $104,754 (including first annual road tax) applies if you are paying the full price upfront.
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For those of us who can’t sell some Bitcoin or Tesla to purchase our model, we may need to take out a loan to buy our own car.
Fortunately, Tesla understands this and has graciously helped us out by providing credit scores for those looking to purchase cars through lease purchases.
Based on 84 monthly payments, the Model 3 would cost us $852 per month, or $71,568 over 7 years. The Tesla Model 3 will cost us $113,470 with a minimum price of $41,902.
Also Read: Do Electric Cars Make Economic Sense in Singapore? Here is a comparison of electric, hybrid and petrol cars.
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Unfortunately, the major catch here is that the price of the car that Tesla says doesn’t include the COE price, which we couldn’t ignore if we were to drive it in Singapore. If we add the current cost of the Part B COE ($120,889) from April 2023, the Model 3 will cost $225,643.
At around $225,643, the Tesla Model 3 is about as expensive as the Audi A3 sedan ($203,809) and the BMW 1 Series hatchback ($217,888). However, it is cheaper than models like Audi A4 ($270,827), Volvo S60 ($265,000) and BMW 3 Series Sedan ($291,888).
As most of us know, getting a car in Singapore is about more than just the price of the car. While we expect the Model 3 to not break even in the next 10 years and require minimal maintenance, we have to consider road tax, fuel, parking and ERP.
Road tax: According to Tesla, road tax for the Model 3 is $2,136. It is more expensive than any other car on the road. By contrast, the Audi A4 has road tax of $1,194 a year, which is 50% less.
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Although the price of the car includes the first year, it will add $19,224 over the next 9 years.
Overall: The best thing about the Tesla model is that it uses no fuel. This does not mean that you have to pay to book your car online. According to a simple Tesla comparison, you could save about $2,500 a year or $208 a month in fuel savings. And the savings increase as oil prices rise.
Parking and ERP: Parking at HDB is $110 per month. Let’s assume that ERP costs $30 per month. That adds up to $140 a month, $1,680 a year, or $16,800 over 10 years.
Note that 1) very little maintenance and replacement parts are required, 2) we ignore the costs of owning your car, and 3) we don’t include insurance costs, which can be thousands of dollars a month. . Depending on the No Claim Rebate (NCR) you receive. Note that many suppliers/brokers do not currently offer insurance for Teslas so you may want to get a quote for the car before you buy it.
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If we include the cost of insurance and the cost of insuring your car (assuming you have home insurance), you can expect the total cost of the car over 10 years to be around $300,000. Will be.
– If you want a color other than white, you have to pay an additional $1,500 (black, silver, blue) or $3,000 (red).
– 19-inch sport wheels will cost $2,000 instead of 18-inch standard wheels.
– You can change the interior of a car from black to black and white for about $1,500.
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