this post was submitted on 28 Oct 2024
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TL;DR of this response is that a Tesla is not more affordable for most normal people because what they can purchase is influenced by initial buy in costs/their own budgets at purchase:
Many “normal people” have less than 5K in savings. A model 3 is baseline around $40K plus the infrastructure of chargers you will probably need installed to charge it.
A Ford Bronco Sport or Escape start at 29K and I used them as an example because most Americans are buying SUVs or trucks, not sedans or compacts. No infrastructure needed.
Even with high credit scores, you’re talking at least ~$500 monthly payments even with something like 7K down. I know this because I purchased a new Subaru for about 30K within the past 6 months and my credit score was 815 at the time of purchase and I shopped around for the best APR financing I could get.
You have to remember that long term affordability doesn’t matter. Up front costs are influencing most “normal people” purchases because what you can afford NOW is what you can afford.
As an example of this in action - There’s a reason subscription services see monthly or quarterly as their biggest buy-ins because cheaper up front costs mean more to the consumer who has to invest in the NOW despite the long term being a better deal. I was in marketing for a subscription service and guess what we always sold the most of? If you guessed monthly - have a cookie.
I can't buy either of those where I live, by the way.
Then you certainly couldn’t buy a Tesla either which is more out of your price range. That’s the point of my response.
No, you utter pillock, I mean they don't sell them. Most of the vehicles you are yapping about are left hand drive only.
I see. So you don’t live in America. I still stand by what I said because I’m pretty sure that many manufacturers that sell vehicles in your area are cheaper than a Tesla.
Also, why are you getting angry for me pointing out what’s true? You compared Tesla and Ford without specifying where you live and/or availability. If you can’t get a Ford there at all then of course it’s less affordable than a Tesla because it’s not even an option.
If that’s the point then it begs to ask the question of why you even compared the two for your edge case and used a generality of affordability to most “normal people”.
Ford has right hand drive escapes in Australia. Your callout about specific vehicle models is one, not entirely correct, and two, not relevant to the point of the parent comment.
And the bronco?