aprilthird2021 7 months ago

Please read this part of my comment:

> but when it does have an issue, like a dent or a scrape, etc. the cost to repair is much higher.

This is why insurance on Teslas is higher. It is not uncommon for bodywork on Teslas to be far more expensive than on other cars, and since bodywork is the majority of insurance claims, it factors in.

You can read about why insurance and repair costs are higher at many sites:

https://www.compare.com/auto-insurance/vehicles/tesla/why-is...

https://www.businessinsider.com/tesla-car-insurance

https://www.theguardian.com/money/2023/sep/30/the-quotes-wer...

https://www.nerdwallet.com/article/insurance/tesla-insurance

▲

bdangubic 7 months ago | parent [-]

I HAVE a Tesla :) Insurance is fine unless you are a bad driver, just like insurance should be.

I pay roughly 40% less for Tesla vs. my other car which is audi etron. KBB on both comparable.

Even if insurance was higher, the actual cost of ownership/maintenance is practically $0.00 so even if I was paying 25% more in insurance compared to some comporable I’d still choose Tesla every day of the week and twice on sunday

▲

aprilthird2021 7 months ago | parent [-]

But the original question was about why Tesla prices drop on the used market. It is not about fear of batteries. It is due to real, documented cost increases in other sides: insurance and repair costs.

You having a Tesla doesn't mean all the statistics and articles I posted are false.

▲

bdangubic 7 months ago | parent [-]

the reason prices drop is exactly the battery, not insurance or repair costs.

as most tesla owners will tell you there is no maintenance costs and insurance (if you are not a shitty driver) is not bad at all considering it is a luxury vehicle and repair costs are also not that bad. the real issue is the cost to replace a battery fear of which drives people away from buying used teslas. this is true for other EVs, if I tried to sell you 2018 audi etron your first thought will be “that is a 7-year old battery in that car”, not “ain’t going for it cause of insurance and repairs.”

if tesla offerred lifetime warranty on the battery (or if battery replacement was like <$2k) the used tesla prices would go through the roof

	▲	aprilthird2021 7 months ago \| parent [-]
		> as most tesla owners will tell you there is no maintenance costs and insurance (if you are not a shitty driver) is not bad at all Statistically neither of these are true. Average repair costs for collision damage are higher than comparable MSRP vehicles. So is insurance, I already provided many sources for that claim. Tesla owners can think the sky is purple. That doesn't make it so.