I just put through my order for a model 3 and was wondering where the cheapest insurance is for NSW and can cover me under my parents name. I’ve checked around and it’ll be around 5K for my own name being 22.
Tesla Model 3 Performance Insurance
[Deactivated] on 08/05/2020 - 19:31
Last edited 11/05/2020 - 12:59 by 1 other user
Last edited 11/05/2020 - 12:59 by 1 other user
Comments
Lets hope his new position at CBA isn't in financial planning
It's ok, theres a six month moratorium on residential tenancy evictions during COVID19
Part of ur stamp duty went on this? Are we talking $300,000 stamp duty? Was the home worth like $10,000,000??
Financial illiteracy 101.
Wow, the stupid is strong with this one.
Holy shit OP
omfg. Lol. But omfg
okay. troll post confirmed.
I wait for the Model Y just a bit of evolution but of course sitting high means a bit of a roll.
Insurance will likely be based on the youngest nominated driver so having it in your parents name will likely make no difference. Besides, you're 22 and can afford a $100k car, perhaps time to stand on your own feet?
You are correct, it would be only marginally different if at all.
MS Paint is free.
I've been called cheap but I guess free is more accurate
MS Paint is also loose?
Ooooo I'll let that one through to the keeper….
Ok
Sites down :(
This is why we had the GFC…
Tesla Margaritaville edition, Elon signed bong as wiper fluid bottle.
Please dont tell me you paid sticker for that
It’s ok. Sticker price is the base price. Apparently, according to the other knob end, Cult of Elon Tesla owning humblebraggers on this site, they will tell you that all Tesla vehicles are an appreciating asset. It’s more of an admission price than it is a purchase of goods.
And don’t forget, you’ll need some of that Tesla stock to go with it…
LOL yeah those Iphones on wheels only go up, Iphone1 is like a Ferrari 260 GTO in pricing right? test drove a P85+ when it came out, $190K, 3 years last 20,000km $90K Also saw Model S60, base, rear quarter panel ding, 30,000km $45K last year.
$TSLA stock, man some funny $#!t, as long as your not an investor next time Elon embarrasses himself on twitter, again… Last FOMO run then crash when it bounced off the $1K mark, burnt both long term and short sellers in one, brilliant! Yes stock price is too high Elon, bam -10%, Tesla factories stopped making cars in China, up 7%??!
The TSLA 100% bounce in a month isn’t sustainable.
@whooah1979: Shut up, yes it it. You’re all just haters.
All you shorters are just jelly that Tesla stock doubles every 20 mins. Tesla is the most valuable car company in the universe! Elon is going to open a dealership on Mars and then the stock will skyrocket again.
It’s not a tech bubble stock and it can’t ever fail and will be the first company with a $1million stock price. When it does, Elon is going to buy China and turn it into one big Tesla factory.
Other than Harley Davidson, Tesla is the only vehicle manufacturer who’s cars are worth more second hand than new. Buying a Tesla is safer than buying houses.
</s>
@pegaxs: That’s it. Your rant just costed you another sell at 20x leverage. Hope you enjoy holding the bag while we cash out. :)
@whooah1979: Many Ferraris are worth more second hand than new. It’s supply and demand, pretty straight forward. Tesla’s aren’t worth more second hand than they are new, (apart from those lucky people who managed to pick up run out S and X models last year), but there is strong demand for them so you’re not going to get much depreciation on a Model 3 for the next (probably) year. You can bet your bottom dollar that if you get one of the first Model Ys in the country, you’ll be able to turn a small profit until demand is met.
@[Deactivated]: No, recession first thing to go is luxury items like luxury cars, canary in coal mine.
Already seen model 3 at 70k on carsales with people lost their jobs. AMGs seen a massive drop in prices.No one got money and/or not willing to spending $100k+ on a luxuary car now.
Model Y, doubt there will be anyone who wants to spend $100k next year. Economy is speeding towards a recession. With house prices correcting, a lot will be in negative equity.
@Bid Sniper: Yeah, a base model 3 used to cost $70k new before the dollar dropped, so that’s not a reduction. I’m sure you’re right that luxury goods will be the first thing to go, but demand is still strong for Teslas at the moment, they are getting 1000 orders a day in China right now as an example.
@[Deactivated]: Thats China, rest of the world and major market US market has tanked. C19 has caused a supply shock in all markets, no buyers because people loosing their jobs and businesses. Prices will drop for everything in order to survive, $TSLA is no different.
@Bid Sniper: Are you sure about AMGs? Looking at C63s prices on Carsales, the cheapest ones are still 80k, which is basically the same as Jan. I’m not seeing a huge reduction in prices.
@cheng2008: C63s still command silly prices even abused ones. I'm talking auctions not carsale, too many dreamers there.
Look for E43 AMG, under 25,000km, were 120K now mid 50s. Beautiful car
@Bid Sniper: E43 is not a real AMG IMHO.
It's like buying the ecoboost mustang.
Maybe i'm just more of a purist.
CUE THE NEG VOTES!
@zeomega: Performance benz has all different configurations over the years, there are just as many V6 and V12s as V8. 190E Cosworth Evo II, was a 4 banger and a sort after collectors car.
E43 is a really nice car, choice between a beat up C63 with 100k+ KM or near new E43 at half the price, Id take the E43.
@Bid Sniper: Interesting, what auction house is this? E43s for 50k would be great value no matter if it’s called an amg or not.
@cheng2008: https://www.pickles.com.au/auctions/cars/sort-by/custom-date…
have a look at the prestige auctions sales. Was maybe 3 weeks ago. Cant remember what I was bidding on then
@Bid Sniper: Real AMG or not, I'd be very keen to know where you can pick up an E43 with under 25K kms for mid 50s
@btech: Above was a 2017 model, I was bidding on another car (and lost) in that particular auction, I just happen to see AMG go cheap.
@Bid Sniper: Ah I see, Pickles, thanks. I guess there will be the occasional bargain. They are still going for easy double that on carsales.
@Bid Sniper: It is a bit rich to spend $100k on a car during best of times. $100k in shares might net you $5k a year in dividends + appreciation, the gift that keeps on giving. On a car will set you -$5k, the gift that keeps on taking.
Now comes those who buy on the company calling it a tax deduction. Yes, you get 30 cents on the dollar. I'd rather have 70c cash right now than 30c in the dollar.
TSLA price is too high for the reasons you have said. They shit down the China factory yesterday for scheduled maintenance (so they are producing no cars world wide), and the share price went up 5%. Doesn’t make sense.
A Ferrari 260 GTO would be a priceless unicorn considering it doesn't exist.
Even more valuable than the Ferrari 250 GTO!
You cannot pay below. They have done run outs on old models and you can pick up demos at slight reductions at the end of the month, but for a Model 3 Performance? Forget about it.
Was a bit dirty that I missed out on the last demo sale….
Although with COVID-19 I'm basically not driving now, so hoping that they do the Model Y release/waitlist soon as that'd suit me better.
(Unless I could pick up a pretty new Model X for ~120k!)
A fool and his parents money are easily parted.
your best bet is to find an insurer that covers anyone even if not listed on the policy but then you will have to pay for additional excess when you claim
This whole post is weird. You bought yourself a $80k plus car but didn't do your checks on insurance.
Suppose you also haven't checked the service and maintenance costs either. Sorry OP, but your better off sucking it up and paying the insurance premium yourself now to build up your rating.
Is there even a parts inventory here in Aus when repairs need to be made. I'd say at least a week to order parts.
Might want to check the quality of finish when you get it as well. Poorly finished for an $80k car.
Next post will be how can I get out of Tesla sale.
This, There was a story of a guy in Sydney who had a minor bingle
waited 8 months for the parts and tesla did not even give him a loan car or anything to use.
The parts are apparently supplied on a as needed basis and only certain repairers are able to repair Tesla.This is probably a big part of the reason they are so expensive to insure.
It’s a $100k plus car, and don’t be fooled by the keyboard warriors, fit and finish is fine, panel gaps etc are a thing of the past. Material are good, and while there might be the odd mistake on delivered cars (which is blown up by the internet), it’s no worse than other equivalent cars here. What you’re saying stems from earlier Model S, which were being compared to S class Mercedes in the states (because they cost the same), but here in Aus, a Model S is prices the same as an E class, not an S class, and has a better interior than a none Designo E class (materials are the same or better, eg switchgear-same, wood- same, seats- same as MB-tex, used to be Nappa leather, so better, roof lining- alcantara, so better, all panel/dash ‘“leather’ lined, so better), much better roof, infotainment, etc). An S class has a better interior but here, it costs twice as much. Instead of spreading internet bullshit, go and sit in one and be pleasantly surprised or failing that, watch Sandy Munros latest Model Y tear down videos on YouTube.
It's quite funny isn't it - there seem to be a lot of people who "know" all about these issues. Wonder if any of them have actually been inside one, or driven one?
My mate just got his Model 3, he loves it, but even he admits it has the interior and fit and finish of a budget car with the price tag of a luxury vehicle. Still he loves it and doesn't regret it one bit.
It does not have the fit and finish of a budget car at all. That’s just rubbish.
This is not a budget car interior:
Insure it third party
Possibly due to finance (if via Tesla) its part of the agreement it might have to be full comp?
This site really should have a policy of banning anyone who buys a tesla.
Its not in the spirit of OzB to overspend on an ipad with a steering wheel.The true spirit of OzB is to get all excited and upvote the crap out of any RRP Nintendo anything deal posts…
Yeah just what we need, cars with a side order of spyware.
Well done on being able to buy a Tesla, you will love it ,try states RACV, in your state
Why the hate for Tesla cars here?
In the long run with no maintenance scheduled costs and free charging if home solar charged Tesla cars will cost less to own and run over life time of the car ,which is designed for 1 million km( battery 500,000 km)
The Tesla model 3 is designed to be a self driving hire car ,so you could send the car out to make you money when you are not using it.
I am retired because of a disability and love my Tesla model 3 standard range plus,cheapest of the Tesla range.
My car has a usable charge range of 300km ,even with the way I drive as old rev head ie rx2,rx7
As I installed a separate 6.5kw hr solar system for charging the car driving for me is now free.
The only time I pay to drive now is when I drive out off Victoria.
No more waiting in line to buy petrol weekly=time saved.
No more taking car to be serviced, no more oil changes
No radiator to change water
No spark plugs
No starter motor
Only a few moving parts ,so chances off a mechanical or electrical breakdown is far less.My Tesla is the safest car I have ever driven and the quickest and best handling as very low centre of gravity.
No more getting into a hot car in summer or a freezing car in winter as even parked the cars heater or air conditioning still works to keep car at set temperature.
No child or pet will die from high temperatures inside a Tesla.
A spare touch key(credit card shape and size) only costs $ 40, how much does other manufacturers charge for a $5 key?? What a rip off ,shame on them .
Jealousy usually.
It’s impossible to be jealous of an inanimate object.
Well people have been known to be stupid.
people are jealous of intangible qualities..so they can be jealous of anything.
@Philthy: Maybe he's referring to the fact that jealousy does not mean what you think it means - a common mistake as the word you're looking for is "envy" not "jealousy".
How do people charge for free when they use their Tesla for work?
In winter it would be hard, and 6kw of solar is unlikely to supply the car and the house, but one day on the weekend would be enough provided you don’t live too far from work. You can schedule charge times though to catch only sun. Offsetting the power will do it somewhat but to fill a Model 3 battery you are looking at ~3 days of solar generated from a 6kw array, more in winter, so realistically you need a bigger array (probably 15kw) and are least 2-3 Tesla batteries for house and car. It’s no way economically feasible, but 6kw certainly helps.
I'm planning that my solar feed in credits will mostly offset the off peak usage charges of charging at night.
My workplace has also flagged that they're not opposed to installing a charger in our parking (likely as a "look we're green" type measure) - I'm just not pushing that avenue until I've got it.
As long as your happy with it. OP obviously hasn't done his due diligence with extra costs into of purchase price.
On a side note as a bargain a Tesla is not. Any new petrol car is still better value due to the fact we don't have subsidised green offsets to make them cheaper. How you do it charging off solar is great, but those charging off the grid are fooling themselves about how good the green credentials are as we are still being supplied off coal fire station. Just saying. My sons wish car is a Tesla. Way of the future I suppose. Love gadgets, so it does offer that.
On a side note would you really want to car share your Tesla.
There are no extra costs. The car is equivalent to a BMW 3 series or Mercedes C class and costs the same (much less in the case of the performance model); you don’t need to be a maths genius to see that if the purchase costs are the same or lower and the running costs are much lower, then the Tesla is cheaper overall.
By the time your son is as old as you are now, electric cars will probably be the most affordable type.
Of course, in the mean time, Tesla may go bust, get bought out by Geely and be far less desirable. Who knows?
Tesla has a huge technological advantage over the rest of the market. It’s extremely unlikely they’ll go bankrupt. I believe their market capitalisation is bigger than Geely anyway.
Probably the same people who key Tesla cars.
The 'hate' isn't hate, it's just that many people would rather buy another car for numerous reasons. Nothing wrong with that.
But also, Tesla is a new car manufacturer trying a different business model. It's a risk. Their build quality is much lower than manufacturers who have been around for a century.
I find that people don’t hate these cars, for the most, people like Tesla cars… they just don’t like the stereotypical pretentious arseholes that own them.
There is that, too. Which is exacerbated by the company's pretentious arsehole owner haha.
How many tesla owners do you know?
I dont know any
@mavis30551: Outside of internet forums, unfortunately, two. But I partake in enough automotive forums to run across more than my fair share. They are the vegans of the automotive world.
to be fair it'l probably be a decade before we have hire self driving cars legal in Australia. Idk about the rest of those things.
costs 5-7k for every 300-500k miles. that's a bit of a cost.
solar system costs money too. 3-7k
that's 17-28k for the life of the car.
Don't forget to put signs onto every window: Notice to all RSPCA idiots! The dog inside is treated with a high tech AC that has a pet monitor and adjust with online contact to the owner and perhaps 1000s of other dogs to be super comfortable. Do not throw rocks thru window this is not a Cybertruck to be tested!
My daughter is writing a research paper on electric vehicles. She tells me parity of whole of life cost projecting to be 2023. At the moment it's still cheaper to run an IC powered vehicle when looked at holistically.
Some good youtubes out there comparing a RAV4 with a model Y although in the US. Over 10 years the RAV is only marginally dearer per mile requiring tired work to keep it on the road while the Tesla is a breeze to whizz along arriving fresh and so much happier not being vibrated and exposed to un needed noise!
Good car but its more the life decisions of a 22 year old buying a 100K car with a house deposit during COVID / recession and not looking into insurance before signing his life away.
YOLO
why don't you put the car in your parent's name only and get a policy that can cover anyone who drives?
Might be a bit late for that if his made the order under his name.
NRMA will do it. Paid my write off in the same circumstances no worries.
OP honest question. How can you afford a $100k+ car at 22? Medical intern? Dentist?
Works at CBA. Also assume he's helped by parents, especially if they are going to help with the car insurance
Medical ‘interns’ don’t earn anything like that money (and are older than 22). Neither do 22 year old dentists.
He couldn’t afford to buy a house, so used the money to buy an expensive car. Dumbest move ever.
Maybe his parents promised to bail him out if there’s any issues. I know a guy who’s 21 and owns 2 cars worth over 300k, but his parents are well off so he’s probably talked to them.
@cheng2008: His parents didn’t bail him out when he couldn’t close on his house. They aren’t wealthy.
@[Deactivated]: You’re right we definitely aren’t wealthy. The apartment was meant to be an “investment” property 5 years ago. Due to the lack of foresight by my parents we would have lost $250k if we had settled and sold it off. I’ve been working for 2 years already and saved up enough for half of the car. The money we got back was used for the other half
@[Deactivated]: Share market?
Term deposits?
Bonds?
Cash account?
Cheaper investment property?
Gold?
Managed funds?Plus!
A New Carolla
Just because you can, doesn’t mean you should. If you’re not. Wealthy - don’t buy a 80k+ car.
If you’re living at home with your parents, and over 2 years only just saved up ~40k to buy a car… you should certainly not be spending twice that on a car.
Buying any car that costs more than you can afford to save in a year is stupid, and that’s IF you own your own home/have equivalent of a house deposit already saved up.
Personally been at a big4 for 10 years, in a pretty good role, and only 2 years ago spent $30k on a car, and agree that was silly… but that was after I had just sold down my property portfolio for many many multiples of $30k.
But hey, you do you!
@geoffs87:
All on finance. Can't get a loan to pay strata payments.