Looks like the tesla Model Y's pricing has come down again. They've also added some new colours Quicksilver and Ultra Red (additional cost), black hubcaps (for RWD and LR) however interior is the same. No more USS and this comes with HW4.
Model Y RWD $63,900
Model Y LR $72,900
Model Y Performance $82,900
Estimated delivery: Apr - Jun 2024
@arcticmonkey: How about you google it yourself.
Its all over the internet.
This place is not an authoritative source of information.
Just a reflection of peoples opinions.
@Creamsoda: When the entire world wasnt producing enough cars?
When every car appreciated in value because you could get your hands on a new car inside of 12 months?
LOL LOL LOL
Tell me another one. :) :) :)
@HeWhoKnows: In Australia, at least, that situation is still going. Used car prices are overinflated across the board.
carsales.com.au
@backupper1: The prices suggest typical depreciation. No published facts backup the typical hysteria of ev haters.
@johnt107: Battery replacement cost $16,000 plus says it all.
High insurnace costs adds to the pain.
Lack of charging stations says more.
EVs exploding into fierce fires adds more ????
There are plenty of reasons why EVs have high depreciation.
Hertz US is dumping 20,000 Teslas from thier fleet
I wonder why????
@HeWhoKnows: It shows you read some news, well done champ.
A typical EV hater always focus on battery replacement - why don't you give us a stat now (since you know more the most of us here), how many people actually needed to replace their battery? There is warranty on the battery and how many people actually keep their car more than 8-10+ years without swapping and this is also assuming if the battery dies beyond warranty, $16k vs a new car is still cheaper in most cases.
Anyway, waiting for your stats
@johnt107: Contact a used car lot -> Ask them to give you a quote on a trade in/buy back for an EV.
They'll give you a super low value. That's a fact.
Depreciation is definitely going to affect EV's more than petrol (When looking at a similar ICE vehicle).
HeWhoKnows is being useless.
https://www.carsales.com.au/editorial/details/analysis-plumm…
So, yeah, EVs do currently have high depreciation rates because of
* Inflated early adopter type pricing
* Lack of stock originally
* Quickly developing tech, meaning second hand EVs seem outdated faster
* Lack of options, leading to lack of competition
Now that a lot more EVs are coming onto the market, including substantially cheaper options, it's pulling the market down to more reasonable starting prices.
Meaning that this depreciation is seen as side effect of the early market, that will stop being a thing over time.
@spoco2: Thanks for proving my case.
You have presented empirical facts which I wasnt event ware of.
But pls dont confuse what MIGHT happen in the future (crystal ball stuff) with the cold hard facts of the past.
PS If cost of new EVs does start to fall and technology continues to rapidly improve, the price of used EVs will fall even faster!
There is your rapid depreciation backed into future used prices of EVs
Yes, the current empirical evidence definitely supports this claim. But as they say in the classics, correlation does not automatically imply causation.
The numbers are skewed because early non-Tesla EVs were crap, so suffered high depreciation. And as EV prices have dropped as competition fills out (especially now Chinese), new prices have dropped in response, which has affected the second hand market for EVs which has made the depreciation numbers look bad compared to ICE vehicles (especially with the big Covid delays with new ICE vehicles pushing second hand market up).
This will all shake out in the long term, especially as the newer LFP battery equiped EVs get older and don't loose much range, and require FAR less maintenance to own longer term. My 5 year old Model 3 has 100,000km, it has lost 8% of its original capacity (and none since 70k) but has required no maintenance other than tyres at 40 and 80k, almost all charging from excess solar PV. No servicing, no petrol, no oil, no brake pads etc etc. In the fullness of time, once people realise that Teslas don't instantly need a new battery at 8 years old despite what Murdoch media will tell you, their resale will be far better than ICE, mark my words.
@dtpearson: Anything will be better than the metal-scrappers demanding payment to take the old ICE clunker off your hands.
Resale value of ICE vehicles is due to potential usage and potential strip-down for spare parts.
Because new EV prices are dropping to new ICE vehicle levels, and running costs are so low, the only thing re-usable on on ICE vehicle is the wheels and tyres … maybe, and the tyres have limited life exposed to the sun/weather, and the wheels will rust.
You won't be able to give away an ICE vehicle from 2028 onwards.
@chadleyshe: We've taken our 4.5yr old Tesla on road trips several times every year.
You're only fooling yourself.
Stopping to charge every 3hrs is not the chore that you're suggesting. Even on the old 50kW chargers, the car is fully recharged and ready to go before we are.
Government guidelines recommend stopping every 2 hours, so you don't have an accident.
There's even less chance of that, when your vehicle drives itself. Autopilot doesn't get tired. and wander out of the lane.
@debro: Enjoy lining up for hours when there is only 1 charging station within 200kms of your current location.
The fact you even said you "won't" be able to even give away an ICE vehicle in 2028 shows your complete lack of education in Australia's current economic landscape.
@chadleyshe: Yup, I assumed you meant that. But, also, what of the people who currently take their 4x4s into the bush to camp, etc?? I guess they can try with the Cyberurinal, if they have a spare $160,000 to 'invest' in it - and are willing to tow a 3 phase gennie with a support vehicle towing diesel to run the gennie.
That'd go over well.
@kale chips suck: My thoughts exactly. You will never replace a good quality 4WD for those who enjoy camping etc.
@chadleyshe: That was the Easter break no? You should have seen the massive lines for the petrol station.
@chadleyshe: I did a road trip during the Easter break. There were plenty. and half the time I just wanted to get to the maccas next to the servo. Tell me you just hate EVs without telling me you just hate EVs.
@teatea: No hate, just dislike. Our infrastructure is years behind where it should be. Until we have adequate charging stations that are readily available and the price drops a bit further, I am not just not interested.
What annoys me though is people who seem sold on the death of the ICE vehicle. They aren't going anywhere for a long long time.
@chadleyshe: You seem misinformed on the amount of ELECTRICITY required to power ICE vehicles. Especially in the distribution phase (ie: Petrol Stations, Pumps, Refineries, Extraction and Processing).
I get EVs can't yet replace all ICE vehicles, but won't be long before ICE vehicles are the exception and not the norm.
Walking through a parking garage on a hot day, won't be too soon if you ask me.
@teatea: Really? I did too and drove past the precise Tesla station in that article. Guess what, not a queue in sight at any of the many many petrol stations I passed on that trip.
@chadleyshe: I just traveled from Melbourne to Bright for Easter. Leave on Friday and back on Monday. Supposed to be busiest and I charged during my break in Benalla. Charged for return in Bright. And there was no one waiting. On the way back another stop in Benalla, I didn’t charge but the chargers were free
@debro: You won't be able to give away an ICE vehicle from 2028 onwards.
Utter BS.
Landcruiser / Pathfinder will be worth $0.. LOL
@dtpearson: RemindMe! 10 yrs
I just sold my 17 year old ICE car at a depreciation of 3.7% of its original value per year. Let's see an EV do that.
@dtpearson: Interesting points you make.
But as more manufacturers enter the market, techonology improves and makes many used Evs almost obselete in comparison with the new ones, and the chinese start shipping cheaper EVs, the prices of used Evs will CRASH even more.
Its the same with all technology products….yes?
How much is your apple iPhone worht after 3 years, then after 5 years?
Same with your iMac or Samsung Galaxy phone.
There is your benchmark for depreciation.of technology products
@HeWhoKnows: ICE car was a technology product in the 20th century bra…
That was exactly what a luxury coach builder said about ice car at that time….
Irony is no one remembers the coach builder or the coach now….you know what the worth of that coach now? a trillion dollars!!! if you can find that coach and a person with a trillion dollars who is interested to buy that coach for a trillion dollars…
source: trust me bro
@voltex: Thank you
Yes these reported facts about rapid falls in used values are everywhere!
And there are many reasons for this.
But the "uninformed" critics here wont do the research nor will they believe you.
You are throwing this in the face of "disbelievers"
Thats why I suggested they do thier own research.
There's a heap load of data for the US & Europe, it's very difficult to sell second hand EV's.
Aus is a bit different, still see Jimny owners trying to sell their 10 year old cars for what they cost new in 2014….
But there will be concerns about unwarranted EV's in a few years and will have to lower asking prices to meet the market.
@Buddy195: When is comes to technology products such as EVs, the new technology always kills the the old technology and hence values crash.
But the disbelivers here dont quite understand that even though thier 2 year old iPhone or Samsung android phone or that new notebook PC has depreciated by 50% in just 2 years
Theres a few used Y's that are now more expensive than new on car sales
Just like Graphics Cards.
I dunno when and how antique busts were appropriated by the clueless f**kwit brigade, but it's genuinely astonishing the certainty with which you can assume that someone using one as an avatar is going to have absolutely nothing of value to say.
Find me a cheap second hand Model Y and I will thank you.
Pathetic state of a part of today's society. A subset who don't even know that there is something called Dunning-Kruger Effect.
https://en.wikipedia.org/wiki/Dunning%E2%80%93Kruger_effect
Nothing more to say… Just LoL understanding that such subset of society is impossible to irradicate even with super emphasis on education.
Just like we cannot prevent medical doctors who travel to some mountail tops and suicide by self wounding all over their body thinking that they are going to have extraterrestrial life.
How much do you think these will go for second hand in 3-5 years?
MOST Cars are terrible investments, ICE cars have held up better due to supply constraints.
EVs have depreciated quicker as they are emerging technologies and their value\cost will reduce with scale.
EV is hard to beat on TCO, and the only way to go if you can novate lease, but except a depreciation hit.
Ohh. ICE cars are forecast to have a massive decline in value, but when!! That's the question.
Not talking trucks here, but you day to day city run about ICE vehicles.
Yeah free speech is terrible! (profanity) anyone who supports it!
Lol if you seriously, unironically think a multi-billionaire union-buster who bought one of the biggest social media platforms on the planet out of spite, so he could arbitrarily refashion it in a manner palatable to his own particular ideology is some kind of bastion of FrEe SPeECh, then I hope you one day receive the apology sorely owed to you by whomever was responsible for your education.
Lol if you seriously, unironically think
'If you disagree with me you are Hitler!' We know the drill. What else did the Guardian tell you to think?
@1st-Amendment: Immediately reaching for the weird Hitler strawman apropos of nothing is a very sane and normal approach definitely worthy of taking seriously, good on ya champ 👍
Immediately reaching for the weird Hitler
I agree that it is weird, yet here you are, living up to the stereotype…
strawman
So you don't know what that word means either. Also stereotypical.
I honestly don't understand how someone can listen to Elon speak, after seeing all the success he's had over many pioneering businesses, PayPal, Tesla etc and then go… "Yeah naa I know better than that c**t!"
Is it a combination of narcissism and stupidity? Or just plain ignorance, i.e they just repeat whatever they are told to think from 2nd hand sources?
It's alright to disagree with things, but to write a whole person off because they lean slightly different to you politically says more about the person writing them off, than the person they are writing off in my opinion.
Is it a combination of narcissism and stupidity?
It's both. Also a massive lack of self-awareness.
they just repeat whatever they are told to think from 2nd hand sources?
That is how the game works. All the bots chant 'Murdoch/Elon/Trump bad" completely oblivious to the fact that they are victims of the exact same type of brainwashing.
@Binchicken22: just because he is an astute investor does not make him some genius nor does it make him not a c**t. Elon makes out like he is some sort of saviour but he is just like every other billionaire a narcissistic tw@t. They despise help for the unfortunate but accept and structre their business for every governmeent handout.
I've been looking at second hand Model Y prices, and they've been sliding for a few months now. Wouldn't be surprised to see used models hit $50k next year, especially after the rumoured Juniper update comes out
This is also likely a move to combat a few upcoming EV SUVs from the likes of Volvo, Kia and BYD who are all gunning for the Model Y market.
And plenty of people complaining that EV prices are too high….
Now they complain depreciation is too high.
To be fair, even $50k for a car feels like a lot of money to me - and this is as someone fortunate to be on an above average income, with above average savings. I currently drive a 20+ year old car that's worth about $3k, and it always blows my mind to see so many $75-100k+ cars on the road - are people just neck deep in debt? The main reason I'm looking at upgrading is for the additional safety that new cars provide.
@poppingtags: Most of those expensive cars are leased. With a turn over of 3-4 years.
You never own a car just pay for the privilege of using it. Some are happy with that kind of arrangement.
@spc12go: yeah but you would have paid about 75k over three years fpr expensive car lease and at the end of it you don't even own a car. :P
Do you mean they deduct the expense via busness?? or something?
Even then you would have paid 37k and no car at the end of it.
@poppingtags: I would certainly think so.
I've been lucky….and stupid enough to have been able to paid for 1 brand new car in 2015 and in 2016.
Even with novated lease available to me….I am still not ready to get an EV.
Have associates that updated their X7 and GL all within months in 2022.
So I assume they are all leased and upgrade within 5 years
@0806449: Meaning that they pay rougly 25k or so per year to have the X7 or what ever on an onging basis.
In ten years they would have paid 250k.
Is that correct??
@Naigrabzo: They won't keep the car for 10 years.
Most likely keep for 4 years and offload before warranty ends.
Or just keep refinancing to newer model
@0806449: Fair call. So they are paying roughly $25k per year per car ongoing but have luxury of X7 not to mentio braggin rights. Not the worst deal if there is enough disposable income to dispose so to speak.
Why the hate for musk?
You may already be paying him, and he’s very likely to get more as time goes on. Tesla are not primarily an auto company and their technical integration means Mr Musk’s net is spreading very wide.
Choosing to hate him is your absolute right, but be prepared to have some difficult moments in the coming years……
I'll just select click and collect to avoid the delivery fee. Right? Unless it is some sort of drip pricing, but that is banned.
Retailers doing illegal things without repercussions? Surely not in my Australia!
Delivery fee is preparing the vehicle off the ship and carrying out compliance. The delivery from factory to delivery centre (or delivered to your house) is part of the RRP price. The name is misleading and its one way of dealers profiting.
https://www.drive.com.au/news/ford-australia-powerless-to-st…
Can I buy the car without that fee? If not, why is it separate?
You might need to pick it up from the wharf and do the compliance yourself. Im not a car dealer, so i dunno what they are ripping us off on.
Elon must be reacting MG recent prices slash
MG and now Ora soon BYD will be cutting too to stay competitive.
i have looked at all 3, not the ora and the tesla is a nicer car, it’s like asking bmw or mercedes to drop prices to compete with toyota, if tesla want to compete at the bottom end, they will develop new cheaper model , it’s not officeworks price match model.
Comparing a Tesla to BMW or Mercedes is a bit of a reach, isn't it?
@kron: Only my own experience, but my parents have basically the same age Merc GLE350 and a C300 as my cheaper Tesla Model 3 Performance, and there is no way I would swap. They do have much more fancy interiors and nice leather though, but with crap, slow infotainment/navigation systems.
@dtpearson: That's the thing. You are comparing apples to oranges when comparing Tesla to Merc/BMW. They cater to different people. A fair comparison would be EV to EV. I personally think both the interior and exterior of the BYD Seal looks much better than Tesla. But BYD definitely lacks in some other areas.
@dtpearson: Would be hard to compare the comfort and quietness etc of C300/GLE300 (air suspension) with a Tesla 3 especially if it's pre 2024.
@kron: The NVH and suspension on the Model 3 is now at the level of a BMW. So it isn’t a reach at all
@kron: Explain the reach? because byd seal can easily be compared with mercedes so not sure why this is a reach? Just because you slap a high price tag doesn't make it better.
Rarely do we look at mercedes or bmw and think damn this is a good value car.
Average price of mercedes car bought new is probably in the 120k range
Average price of tesla new is in the 80k range.
Yet BYD seal 70k is compared to merc so why we ignoring Tesla?
@Lit Homie: I agree with the Seal part. But if you think the quality of the Seal and Model 3 are on the same level, then you are reaching too. Seal is a way better looking car.
each to their own, but I've known a few people who considered getting an EV and they look at all EVs on the market, they don't consider Tesla as some sort of top of end car or anything.
I also recall Musk himself talk about BYD and China made cars as competition that's gonna eat America's lunch or something of the kind.
Equally, like kron suggested, many people don't compare Tesla with BMW or mercs, its all subjective.
Tesla M3 doesn't have indicator stalks and I guess the new Model Y won't either.
I've test driven several EVs (ioniq electric, ioniq5, ioniq6, M3, polestar 2, Dolphin, Seal, MG4) and they all have their own quirks. I'm leaning towards the Seal or one of the Hyundai's.
@Caped Baldy: Stalks is a muscle memory thing. after couple of weeks your muscle memory will struggle to use stalks.
Also KIA and polestar got many good options. Polestar 4 launch event is on April 9th.
I own a BYD Seal, and have owned and have had extended usage of various luxury cars such Merc AMGs, current gen of BMW 4 series, Lexus and Genesis as well high end models of non-luxury brands VW, KIA and tesla
My personal opinion, Tesla doesn't even come close to the luxury brands, not even the premium non-luxury brand models, my Seal i would rank much higher/premium/luxurious over Tesla and close if not on par with some of the luxury brands
Every single Tesla owner who has been in my Seal was really impressed and a couple even seemed regretful for getting a Tesla
This is pre-Highland model 3
Again this is personal opinion
@bdroid: That may be a very narrow opinion. I have a friend who booked an ix3 and waiting. He tasted my M3 and is really excited and if not for the space which he needs he would have chosen Tesla night and day. Once you are used to the declutter that Tesla brings to your life there is no going back.
Yes. it is only a Medium tier luxury brand. There is no gold plated trims or crocodile leather upolstery option in a tesla, No flourescent flashy paint schemes, not even a plain popular metallic silver paint option and so if that kind of bling is your priority and taste then by all means look elsewhere.
Tesla brings a lot of value - that doesn't mean Tesla is the 100% right car for everyone. Tesla raises the bar and Tesla accelerates the change we all can benefit from. That's all.
And BYD seal is very good car. But the software integration and optimization can be improved. Android auto based platform that BYD uses can benefit from a Offshore development center in India to fine tune for international audience and overall polish. Interior can be inproved by working on some declutter and redesign of the cheap looking shiny plastic controls. Overall when I analyze my own Seal test drive experience I rate my M3 Highland 20-30% better. And then when you compare the LR version of Seal with LR version of M3 you get a approx 10k savings but you also get a dual motor in M3. So overall it is a choice that we have to make depending on the priority.
@tchcrat: When i said Tesla doesnt come close to luxury brands, i meant in terms of materials and quality
Doesnt mean its not a good i think its a great car and its what got me interested in going electric but it wasnt the car for me
I feel the Seal has a more premium feel to it in terms of materials and quality
Yes seal has some cheap plastics but even some high end premium vehicles do to
As for "minimalistic" and "clutter" that goes back to everyones personal preferences, I think tesla is too minimalistic i like to see in front of me without having to look off to the side to check my speed/adjust ac etc
Having the second screen and HUD is a big win
Another thing is your comparing rhe Seal variants to the wrong M3 variants
Seal Dynamic doesnt have a similarly spec Tesla M3 variant - its a entry level electric sedan that gives you alot for its price
The Seal premium can be compared to M3 RWD similar price similar specs each with their own pros and cons
And Seal Performance AWD vs M3 AWD - similar prices and specs
Again each with their own pros and cons
I prefer the look of the Seal over the M3
As for software yes Tesla is way ahead in that department and also in the phone app too
But is software really going to be a deciding factor or deal breaker? It maybe for some especially those coming from tesla but for many its not going to be a deal breaker
Every car brand has its on software and infotainment exclusive to their brand and some work well and some dont even i some new luxury premium cars the software feels unrefined and outdated but that has really been a deal breaker for buyers, because even on bad software (for newer cars) there is something to overcome this and its android auto/apple car play which is not available on tesla
And BYD running on android is actually good for me and many others who are android users and thats the ability to customise (to a certain degree) and install certain apps on the system. Yes it not officially supported but it is easily done
I find my infotainment experience quite good and seamless
I think Tesla is like the apple ios of cars with its software and BYD is literally android
But again i dont think software is going to be a deal breaker especially if someone is coming from and an ICE vehicle
If the seal wasnt release in aus id probably be still in my ICE vehicle on the fence about getting a Tesla which is the point i was at for many months before the seal came along
M3 just didnt tick enough boxes for me personally
The seal did with its price/specs/looks/performance
And again its personal preference
I had a person in my seal who owns two teslas n an audi rs a mb amg and a porsche and after coming in the car he kept on saying his teslas are sh*t compared to this - his words not mine
https://qz.com/elon-musk-tesla-electric-vehicle-deliveries-s…
Elon needs to keep yapping and the price will keep falling
Tesla resale values just tanked even more
Where?
are you one of those, oh my 2nd hand telsa never falls in price…even though brand new is now cheaper.
eh? I was just asking for some level of proof - the used pricing on the Model Y seems pretty good resale wise based on carsales. The CHEAPEST LR model is $75k which is pretty much the price of a new one…
@JuryWheel: I upvote you just so you know its not me downvoting you and I thank you for replying too :)
@smartazz104: If they weren’t speaking off hand, it would be so easy to cite some paper that backs this up. Not saying they’re wrong, but there is no use in stating something without evidence.