powersurge wrote:How do you figure that a Leaf will cost $37K for 5 years? OR Camry?? Is that a lease??
If you own, the first 5 years is the most expensive.. then you coast after that...
Not even close. Lease is cheaper for most people.
If after 3 years, I bought my LEAF financing a 2 year loan at 5% interest, my total cost would be $23,569.30 so now I add charging costs for 5 years. Well, the first two years won't add up to $300 due to my planned abuse of NCTC so after that, guessing 2½ cents per mile 15,000 miles a year for 3 years and that is $1125 so now we are approaching $25,000
yeah, sorry but someone is smoking crack
You try to get a lot of mileage out of your anecdote of one.
The figures mentioned are *** TCO ***
They include insurance, fuel, maintenance, repairs, taxes and depreciation.
So using your flogged to exhaustion example, after 5 years you spent
~ $24,000 to buy the car
spent say $5,000 on insurance
have say $5,000 of residual value
works out to around $400 a month. For a 100 mile range car. That you spend umpteen hours at charging stations with to save a few dollars on fuel. I appreciate your EV adoration and I share a lot of it, but just the opportunity cost of your charging hours puts you so far out of mainstream that your attempt to make a TCO comparison is silly.
Here is my anecdote:
I sold my Honda Fit to buy our LEAF
I bought it new for $15,500
Sold for $10,000 after 48 months of ownership
Fuel: About $1,600
Insurance: $15 a month
Maintenance and Repairs: $0
TCO: $163 a month
Keep in mind that I shouldered the initial high depreciation rate.
I could have run that car until I died for not much more than the cost of fuel + cheap insurance
For those keeping track, you are paying 2.5x for a hobbled, albeit pleasant to drive car.