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The true actual purchase cost of a Tesla (Model S 70D)

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Tags: Electric Vehicle Economics »»»» True Cost of Ownership »»»» Tesla Model S

The Tesla Model S and Model X are high end luxury cars and therefore out of the reach of purchase by mere mortals. Is that actually true? This fellow bought a Tesla Model S 70D and breaks down the actual cost of ownership for us.

The first trick to decreasing the cost is to buy via Tesla's pre-owned car listings. The company has a stock of used cars which such as when an owner trades in their car for a newer model. These cars are checked by Tesla's service department, they come with a limited four-year warranty, and a lower price tag than a new car.

You can search here: (www.teslainventory.com) https://www.teslainventory.com/

Or here: (www.tesla.com) https://www.tesla.com/preowned

The cars are either CPO (Certified Pre-Owned) or Inventory models, the latter being loaner vehicles that Tesla Motors made available to customers whose car was in the shop.

List price for the car he bought - $90,777. Because it was an Inventory car, Tesla gave a $4,500 discount. Add in other discounts like the $7,500 federal tax credit, and total discount of $13,000, and a final price of $77,777.

About a year after purchase he asked Tesla Motors for the trade-in value. Tesla told him $52,000 or a $25,000 depreciation, working out to $1/mile driven.

Cost per month - $1462 that's including loan payments. Otherwise $161/month cost.

Source: (www.youtube.com) Teslavangelist

Full breakdown of the purchase and monthly cost of my Model S 70D, manufacture year 2015.Instagram.com/teslavangelistTwitter: @teslavangelistHave my videos c...

About the Author(s)

David Herron : David Herron is a writer and software engineer focusing on the wise use of technology. He is especially interested in clean energy technologies like solar power, wind power, and electric cars. David worked for nearly 30 years in Silicon Valley on software ranging from electronic mail systems, to video streaming, to the Java programming language, and has published several books on Node.js programming and electric vehicles.
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