Message Font: Serif | Sans-Serif
No. of Recommendations: 13
That would be amazing. If only it were true. Unfortunately, their analysis (like the one they did in 2017) is complete garbage.

Just glancing at the table they generated should immediately reveal how screwed up it is. In what world is it more expensive to insure a $25K Camry than a $39K Tesla Model 3?

And that's the problem - several of the numbers they used for the Camry are way too negative. By a lot. The actual cost to insure a Camry for 60 months is about $3,700 - not the $6,000 they used. Depreciation for the first five years of the Camry is only $11,500 - not the $15,700 they used. Fuel costs will be about $6,300 - not the $8,000 they listed:

That's about an $8,000 difference. Huge. It completely erases the purported cost advantage of the Model 3. The Camry will instead be about $6,000 cheaper to own.


P.S. That's just on the Camry side, where sites like Edmunds have a lot of data. They haven't generated a cost to own for the Model 3 yet. But on that side as well, the Loup folks seemed to have seriously lowballed the maintenance costs. They list maintenance and repair at a ridiculously low $1,200 for five years (which is actually about what it would cost to do nothing but change the tires once over 75,000 miles with recommended tires). That's wholly inconsistent with observed data for the Model S and Model X, which both come in at well over $6,000.
Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.