Such a sound "investment".... And this guy will likely go get another one.
Bay Area people. Thinking of my tech sibling who burned $100k on a “murdered out” black matte Model X that no one seems to care about as much as them. Btw now they have kids and life is coming hard and they’re financially stressed.
According to the musk cult kids are free
You just have them. They take care of themselves now where is my little Aeon Flux-11?
This! ☝️
Tesla's are incredibly overpriced; and they're quite boring.
The design is exceptionally uninspired. Where I live there are an abundance of them, and honestly they just look like little bubble boats that are some shade of white or grey. The people I know that drive them are in love with their Tesla's, but they just remind me of ultra modern 70s style art. Or that brutalist rolling trash bin of a truck they're trying to pass off as transportation.
Hell a Camry is spicy by comparison.
Teslas are incredibly mundane vehicles and I've received a lot of flak over the years for stating so. As a 20 or $30,000 car, they aren't bad, but at the prices people were paying for them I knew they would get into trouble as soon as luxury brands started dropping EVs. Why the hell would I spend $100,000 on a Tesla when I can get a Porsche Tycan, BMW i7 edrive50, or 7-seat Rivian which are nicer inside and out and are more luxurious? Why the hell would I spend 45 to $70,000 on a Tesla, when I can get an i-4 or an I-5 ?
Teslas look like slightly fancier Honda's to me, like someone just tossed a aftermarket body kit on a generic standard car. They're not terrible, but also they're just cars.
The cost of living in the Bay Area is insane! Bringing kids into this world while owing $100k on a vehicle, I hope they make a lot of money. I was reading an article about high cost of living cities on the west coast (Seattle, Portland, San Francisco, Los Angeles, San Diego). It said a single person needs to make a MINIMUM of $41 an hour just to survive while living on their own in one of those cities. A family of four, two adults with two children, would need to bank $120k a year MINIMUM to survive in relative comfort. This didn’t factor in leisure activity, vacation or emergencies either. Health insurance alone forces most families to live paycheck to paycheck. We are cooked.
Kids are expensive. But the best thing that can happen to anyone. Financially stressed is normal. But happiness goes up when you have kids.
Elon said kids are literally free and parents should change their expensive lifestyle if they're struggling 😂
Numerous studies would disagree with this assertion.
It's all about perspective. I have two beautiful daughters, 13 and 18, a wife of 20 years who I'm still in love with, and a 10 year old subaru outback. I'm financially independent, and life is wonderful. I couldn't imagine and wouldn't want to imagine living in a world without them. To each their own...
I have that life without the kids. Trust me, that rocks.
Had to mention the Subaru 🤣
It could have something to do with people living way beyond their means and expecting things to just work out like the comment above
When you finally listen and realize most of the jokes about having kids are about how terrible it is to have kids…
Being a parent is crazy fun, but you have to be you know. A grown ass adult, and have a mature understanding of what you’re in for. I think a lot of people dive into it and they’re surprised, they regret it or at least have some remorse about it. Parenting is not for everyone whatsoever, I think everyone looking at it should definitely take a class or read a few books (I mean with that big of a commitment you’d think most people would), but it’s one of the most rewarding things life has to offer. I’ll say that and be the first to admit, some times are absolute boring and pretty much suck (as a guy, baby time was boring as fuck and a lot of work).
A lot of motherfuckers treat having kids like having pets
What about the mothers the motherfuckers fucked?
A lot of motherfuckers talk about having pets like they’re kids too. I love my pets but nah it’s not the same lol.
if you treat them correctly they're more rewarding and can be just as expensive as kids. they're not property. they're living, breathing creatures that have way more intelligence and feelings than most people realize.
Baby time was chill. Toddler time is exhausting af.
I miss baby time
Parenting for me has been a mix of both painfully stressful times which are sometimes quite awful but also some of the literal happiest experiences and times of my entire life. I think overall that despite the bad times the good far outweigh them and its definitely worth enduring the bad to be rewarded with the good at least in my opinion.
It helps if you aren’t incredibly wasteful with money.
Best thing that COULD happen to anyone sure, but to use having kids as a tool to up your happiness is shitty. Kids never asked to be put in this heating up planet that's running out of water and all the atrocities we are renowned for.
Kids are an L
Fuck them kids
Not true at all.
Source: r/regretfulparents
Spoken like a person who has made parenting their entire identity.
I've done both, and much prefer a child free home. Thankfully, my wife agrees. We had kids for 2 years. Loved them to death, damn glad they are gone now.
But, we have never been financially stressed, so maybe that's why I completely disagree with you.
Im glad that’s your experience but this really doesn’t sound like most of the parents I know
How old are yours
Give it time 😄
I'm only partially kidding.
Now replace the word "kids" with "cyber truck".
yeaaaaaaaaaah thats gonna be a hard pass, you have fun tho.
But but but muskatron himself says it's not the kids that are expensive....
/s
Kids are impossibly expensive in the Bay Area, too. Happiness does not necessarily go up when you have kids here.
I have kids.
I love them, but still waiting on the huge spiritual payout that’s supposed to happen.
So far it’s been 10 years of headaches with the occasional great moment.
Lol, you’re like that football kicker
Always best to have kids to keep a failing marriage working.
/s
People without kids are happier. Stop spewing bs.
Thank you!
Thing is, your perspective becomes wildly biased as soon as you have kids. You can’t regret them because they’re human beings and that would be morally reprehensible, so your only option is to decide they’re worth it and you wouldn’t rather have it any other way. If you’re a good person, the logic is done for you.
To the rest of us, it’s perfectly reasonable to think it looks like an enormous and totally unnecessary expense. I have relative financial stability and freedom, and I would rather not throw away my freedom and most of my income at this time. I’m sure kids are a great experience, but there’s a whole lot of things I would absolutely never be able to do if I had one right now. My wife’s career would be over, we would struggle to afford even one home as opposed to the three we have right now, our travel plans and activities would be eliminated for at least the next decade, and by the time they’re of age I’ll be too old to do a lot of it anyway.
That’s a sacrifice I’m not willing to make, and I think it would make me less happy in the immediate future no matter what I would tell myself if we popped one out instead. Of course, if we did, I’d love it and say it was all worth it. But right now, I know that isn’t true, and I think it’s important that parents recognize this as a reality and quit preaching their breeding practices to everyone else as if it’s the only correct choice.
A fool and their money are soon parted....over and over, by the same con man.
Me am like burning money
The hilarious part is that its probably still cheaper to do that than to replace the battery array when it shits out 😂 in 5 years there will be a graveyard of Teslas 30 miles wide because no one will want to replace the battery. But tell me again how great they are for the environment. I'm sure the 5 year old lithium farmers would agree
How much is the replacement battery?
I'm finding prices from $13k to $20k, with the potential to go higher if there are 'complications'.
"Complications" apparently installing a battery in a Tesla is like open heart surgery
In the interest of fairness I would say such a high power system could have damage that led to the battery failure, or the battery failure caused related damage. Either way those complications would need to be fixed as well.
"The Environment" for some, "Look at me, I'm a douchebag" for most
It cost roughly $0.05 a mile to replace a Tesla battery which lasts about 250,000 mi to 80% capacity.
just to put that in perspective. meanwhile the owner of an internal combustion powered vehicle that got 18 mi to the gallon would have spent $55,550 just on motor fuel to go the same distance assuming the car engine last 250,000 miles.
In other words the internal combustion powered vehicle would have cost 22 cents a mile just for gas, we're not even talking about brakes oil changes and maintenance that electric vehicles don't need.
No matter how you cut it everyone who's looked into this says that the cost of ownership and electric vehicle is substantially less than the cost of ownership of an equivalent ice vehicle.
Fuel tank for ice vehicle doesn't cost $12.5k You also say that electric vehicle doesn't need brakes changes?
seems like you need to work on your reading comprehension skills a bit, no one said anything about fuel tanks. So not sure what That garbage comment was about.
an electric vehicles use regenerative braking It's why they're 98 to 99% efficient, almost all the energy used to stop the vehicle is regenerative, in other words it's used to charge the batteries back up rather than wasted his heat. The only thing the brake pads do is hold the vehicle from rolling down a hill. a single set of brake pads on an electric vehicle will usually last about 250,000 mi along with the rotors.
So yeah electric vehicles generally don't need the brake pad or rotors replaced because again they use regenerative braking
I once drove an electric car from Reno to Sacramento and by the time I got to Sacramento the battery was still fully charged because it was charging the entire way down the hill. It takes a lot of energy to stop a vehicle traveling 60 miles an hour and with electric cars all that energy is put back into the battery on ice vehicles all that energy is wasted as heat from the friction between the brake pads and the rotors
Stockholm syndrome.
For some victims they foolishly think it’s easier to keep getting beaten than leave the abusive relationship.
I do. It’s stupid.
If he’s got enough money to do this, you’d think he has enough money to not care.
Simple, not smart with money.
I was going to say the same thing. It has plenty of battery life left in it. That was foolish.
😂 exactly
And they don't seem to understand what "trade-in value" is.... should have sold it third party; you just know there's a muskbro out there willing to pay out the ass for one of these --- even a used one ..
Odds are good his old one needed a battery replacement which would cost more than the new leased vehicle.
It's critical, imparative even, that you read the comment above in Forest Gump's voice.
“Watch me do it again” -meme
True American prioritizes the fancy car you drive
“There are other car brands?”
Probably could have gotten a better price out of state.
People lose money on cars all the time. This dude went to a 🤡 business school and thinks cars are an investment
Hertz still has 2/3rds of their fleet to sell and it’s not going well. They have vowed to have them all gone by the end of the year so the blood bath will ensue.
And they're gonna sit there for a long time. Teslas buyer base left them for other options thanks to Elon palling around with white supremacists and right wing nut jobs. The left boycotts with their wallets.
Which is odd, it's only 30k cars. That's less than the oversupply Tesla produces in a quarter. Guess the higher cost to buy a used Tesla (compared to 1% on a new 72 month loan) is having an impact.
I’d take a free one, or maybe pay up to $2k if its clean and working, thats it.
Sounds like a good cheap first car for high school kids. Can't wait until HS parking lots are filled with clapped out Teslas.
They’re cheap, but putting a teenage boy behind the wheel of something with that much acceleration sounds like a recipe for disaster.
I had a 2001 Toyota Prius that was $17,000.
I put 198,000 on it before I got rear ended and it was totaled 12 years later
I got $8200 for the total loss.
Lol, I beat that. Back in 2015 I bought '97 Nissan Altima for $200. I drove it for about 60k miles. 6 weeks ago it was totalled and I received $2,300 🤑
Any time you can buy a car with a running engine for under it’s scrap value, you have done well.
That's a special case. You got it from someone you know?
One of my friends sold his Kia Rio for $500 and I am still pissed at him cause that car was solid. I could have used that car to make money doing deliveries. I had a 2020 Ford at the time brand new and hated putting miles on it for deliveries
Had I gotten that car, I could say I bought it for $500 made $10k and then still sold it for a $1k lol
Anyone could guess that guy’s an idiot but I once bought a Camry brand new, kept it in beautiful condition, miles were decent, sold it 7 years later for roughly $7000 less than what I paid for it. No Tesla ever would retain value like that. Not even if they came with a handy from elon himself.
Maybe he’ll get lucky and they’ll get bought back due to fraud like VW diesels (my TDI was essentially free for 4 years and 37K miles).
Nah, who am I kidding? A judgment like that would likely bankrupt Tesla.
It absolutely would, but no worries, they'll get bailed out by either administration or party.
This is America we're talking about, bub.
These are corporations we're talking about!
They've got God given inalienable rights!
The same as you or I (in theory...)
In practice, they've got more, with none of the responsibility.
I'd like to think you're wrong, but I know you're not.
A judgment AGAINST corporations? Not in this millennium.
Papa Elon said Teslas would appreciate once the robotaxi feature was unlocked and start making the owner money. After FSD was enabled in six months.
Any day now!!
Eight years ago. Must really be any day now.
There is nothing that holds it value like Toyota’s do, my 2019 Tacoma I bought for $39K and I put 45k miles on it and I could sell it for $36k pretty easily.
Anyone could guess that guy’s an idiot but I once bought a Camry brand new, kept it in beautiful condition, miles were decent, sold it 7 years later for roughly $7000 less than what I paid for it. No Tesla ever would retain value like that. Not even if they came with a handy from elon himself.
I bought my 2011 Camry for right around $20,000. Traded it in last year for $5,000.
That's a 75% loss.
Same as buying a $100K Tesla and selling for $25K.
“I am going to lease another”
Who the fuck leases cars unless it’s some corporate fleet shit. Can people not afford to buy cars anymore? I mean I know Tesla customers can’t. But I had some faith left in others
Even people who “buy” cars get seven or eight year financing. Basically renting, either way.
Or they just buy the car outright. F a car payment.
Most people don't have an extra 20-30k lying around.
I certainly don’t. Cries in 9.86% APR
Being poor is expensive.
Honestly, we leased a car or two over the years, but mostly because the wife wasn’t sure if she would like the car or not. I know my in-laws leased their current truck, but only because they said they were older now and wanted to drive new vehicles until they couldn’t drive anymore. They have the money so more power to them IMO.
I bought a 2006 Porsche 911 Carrera S in 2020, had about 30k miles and I paid $35k for it. I put about 30k miles on it and sold it last year for $45k.
It’s hilarious to me how Tesla owners think their car is something “special” it’s a car, it’s the same as a GM, a Ford, whatever… Your Tesla is not going to go up in value!
Only limited production cars do that and sometimes that still doesn’t happen.
Just because you have a rare car, doesn’t make it valuable.
I mean, go try to find a yugo right now.. I guarantee you it will be hard to find, but when you do find it, it will be cheap as shit😂
This is like the guys who bought impalas back in the 90s.
Depends on which Impala you’re referring to. The 95/96 did hold their resell pretty well (more so than the Caprice) and a good example can fetch a decent price today.
"Used Tesla | From $18,990; 929 In Stock" - An ad on google
TIL 78k miles is worthy of the high mileage club. At Toyota you’re still halfway in the break in period.
Toyota will certify some vehicles up to 120,000 miles now.
Laughs in 2001 4Runner with 225k miles!
I got a family member who's a doctor now living in Chicago. Apparently he has a Tesla and everyone in my family, his parents, my father and mother, aunts and uncles are always telling people who listens, "oh he has a Tesla!" As if it's the most luxurious car on the market. I wonder what they think of him now considering the cars value drops by a crap ton. They made it sound like he made a very smart and luxurious investment whereas I drive a used Honda Civic that I bought for $15k and I maintenance is cheap if not do it yourself.
Such a sound "investment"
An automobile is not an investment.
EV resale values drop like bricks once they leave the lot, not just Teslas.
Some Tesla guys tried convincing themselves that a Tesla would appreciate in value. Not all of them, but definitely enough to get noticed. The newest offering from Tesla would be announced, and they'd go rabid.
The purchase of any car is an investment. It’s primarily an investment to get from point a to point b. It’s just not a good investment where it will bring you good financial returns.
Remind you of another cult?
HAAA!! I got more than that for a 2016 Forester with almost 70k miles on it!
I need more info on how you forced the Toyota dealership to give you $4K above the going rate for your used Model 3.
He'S a SkIlLeD nEgOtIaToR!!
My guy sold his functional car for a lease, for 8k less than the cheapest model 3 on carvana. Good shit.
I don’t understand why they are complaining he paid maybe 40,000 to 41,000 5 years ago for a brand new car and got $16,000 he got more than what most people would get for any other car… and they bitch and moan about it
That guy's an idiot
Well he’s saying what we all knew. That Teslas are just junk.
And here I was thinking '78k miles, 5 years old, and he was able to get $16k for it? He did extremely well!'
Then I realized he thought it was worth more than $10k
It is incredible how these people think that a car is somehow something more than just a car? It will depreciate like a rock and EVs have their own quirks when it comes to selling them off.
No daily driver is an investment. Find a car that fits your needs or splurge for something fun to drive. The whole used car market is hosed right now. I get that we are here to hate on Tesla but this can happen with any car. It also happens with phones and PCs and pretty much anything you buy that ain’t real property
Uh, it’s really pretty common that the trade in value won’t even sniff the sales value. This guy is not very bright
Wtf was wrong with the 19 model? My 18 model works just fine, and this mofo got the SAME car?? 😂😂
Do the people who told them:
“You lose half the value driving it off the lot”
Think they were lying to them or something? Why would a Tesla be any different? A car isn’t an investment dumbasses.
"thank you sir may I have another!?"
what a great angle of the bridge. beautiful photo.
That car is sexy
Who the fuck buys a car as an investment? Unless it's an antique or something...
Got me thinking now might be the time to sell my 2014 VW IC and buy a Tesla to go electric and basically break even
I’m reveling in all these jabronis signing up for 72 month loans on that egg shaped abortion Model Y simply because of the low APR.
Musk said they were appreciating assets though
Don’t forget he also said they were also gonna be Robotaxis and earn you money during the day while you worked
Is it Tesla or the fact that EVs are a terrible idea financially? How many cars need a 15k power plant after a few years?
TIL 78k is "high mileage"
What a moron
I bought a 2019 Honda civic sport hatch for $25k, and last year I traded it in with 50k miles, tires that needed to be replaced, and some minor cosmetic damage for $20k.
My 2016 Subaru Impreza is worth more than that.
I just saw a 2022 with 30,000 miles for $20,000 today while looking for a Mach E. Don't know if that's before or after the EV discount.
78k is high mileage??
Meanwhile I’ve been driving an old Prius hybrid that hasn’t had a car payment in a decade that is not too far off from 200k miles. I’ve been waiting for the EV market to settle down, I think we’re getting close, but not with Tesla.
Notice how there's no info on how many miles are on it.................
I sold my 21 M3 SR+ at carmax for $19k. I took at $7500 loss after 3 years and 60k miles. Honestly not bad at all. Anyone who buys a vehicle as an ‘investment’ isn’t investing correctly.
2019 for a 2024? That’s peak Golden Gate Bridge behavior.
Stories like this just make me sad. It’s incredible to believe how easy is to trick people that can barely afford this lemons to keep burning money on them.
He'd have gotten as much for a Toyota Avalon of the same year...
Tesla tears taste:
You folks put the answer here>>>>
Is 78k high mileage?
STOP! Why does everyone insist on creating this bloated priced market for cars and homes. You don't want the car anymore and want the luxury of a new one so why does the next shlub have to pay the price for you to trade up. GET OVER IT! MAYBE one day if you happen to need a good used car at a reasonable price you'll be at the mercy of a greedy person. If everyone sold their secondhand homes and cars for the ACTUAL used value, werent motivated by greed, and treated other the way they wanna be treated, then people wouldn't be living on the streets or forced to walk everywhere they go in the cold and heat. I lost EVERYTHING in my middle class life during Covid. NOW I'm forced to live in a motel where I now happen to work and I can't afford to pick myself back up because of the runaway cost of living, loss of access to low income housing, and if course now a car as well. Let me tell ya, having super bad asthma makes it Damm near impossible to get around walking. I'm forced to eat gas station crap and overpriced fast food since it cost 15-20 dollars round trip to UBER or Lyft. Sorry to unload on you, I have just come to the end of my rope in seeing people talk about problems I WISH I still had. Lol. I apologize if I offended. But people, remember there are those of us out there that are in positions that you could find yourself in. At the mercy of the motivations of others. Have a little common brotherly/sisterly love and Goodwill in your hearts when you put a house on the Market or rent it out, or sell a car. What's a weeks salary to you is a down-payment or price of a good cheap car for someone who desperately needs it. Or while you pay a certain payment on your current home, why then charge more in rent on your spare homes that are worth less.
I just sold a 2017 ram 1500 V8 with 57K miles for $25,323
It's hard with Tesla- musker is clearly a twat waffle but I honestly fell in love with a Model 3 I rented at Hertz last summer. So in future- I'm definitely going back to EV but probably not supporting the android running Tesla
damn i got $8500 (60% of purchase price) for a 2015 Honda fit with 94k miles trade-in credit in Feb 2024
Trade ins always lower than private sale.
Damn. In August of 2022 we sold our 2015 Kia Optima (EX maybe? It was basic af) for $18.2k to a Ford dealership. It only had 36k or so miles, so that helped, but the used car market was nuts during that time.
Edit: EX
Always buy Toyota Sienna’s
This is why I respect Musk. He's a true Capitalist. If idiots are wiling to part with their money, why not sell the dream and funnel that money into my own pocket? Works for individuals, businesses and most of all big government. Musk has scored 3 out of 3.
I would almost buy one for $12k, then debadge it
Electric cars are stupid. Gas cars all the way.
This is exactly what many, including myself, pointed out about EVs. Nobody wants a used Tesla. For example, Hertz is currently stuck with thousands of tesla's worn-out model 3s, that they can't sell to any buyers, including auctions.
Rightly or wrongly, they just aren't viewed as being very reliable or desirable on the used market.
Smh
It’s a disposable car . And it’s made in China with very poor quality control . And it has convoluted and messed up software
Sold a 5 year old car approaching 100k for about 50% of its original list price? What am I missing? That doesn’t seem bad to me. Admittedly, never owned a Tesla and haven’t been in the used car market in a while.
"...basically had to force them to buy it..." LOL
Bro what else are you gonna do with that Tesla charger in your garage
No fucking shit
Every other car on the 101 is a Tesla. The 2024 version of the Ford Taurus. The Ford/Musk parallels are uncanny.
I feel his pain. I bought a Model X and love it, and I want a newer one. But Elon kept lowering the price for new ones...
78k “high mileage club”.
Laughs in 25 year old Toyota.
All he had to do was drive it another 10 yards and end it all, as the doors would not allow him to escape
The difference between Elton Musky's lies and the cold hard truth, with regards to resale value.
99% of cars depreciate the moment you drive off the lot. Some more than others.
Someone doesn’t learn through repetition.
Cars are never a good investment, you literally lose value the second you drive off the lot and with the current car market it isn’t surprising. Not the flex you think this is.
That price seems a lot lower than what I see on Craigslist in my area. Anyone know where to find such an offer private party?
I would have given him 17k.
Just bought one today.
Just drive the car until it is too expensive to keep it on the road. There was nothing wrong with that car, idiot.
Why purchase an electric car at all? Lease it, return it at the end for the new model and you’re off the hook for the battery replacement, which can range between $6000-$30000 depending on make, model and capacity.
Claire and Elon in the backseat. That’s why there’s no movement.
So they took $100K and turned it into $16K? Tommy Shriggly would be proud.
So from one Rental Car, right into the next Rental Car.
Nothing like perpetual car payments. But why complain? You're doing it to yourself.
From owning to leasing the same car
I would rather invest in Dirt (You Can Buy Dirt)
bahahahah omg, dude last year i got 16,000 for my crappy 98,000 mile hyundai tucson with carvana. I bout it 3 year prior for 19,000 used. HOLY CRAP i knew buying teslas are a bad idea but this is hilarious
My X5 was two years older and twice as much when I bought it in 2020.
I'm still beyond thrilled every time I get behind the wheel.
155,000 miles deep, that N55 is just getting broken in.
Did this guy ADD chrome trim to a Highland? Or did he try to make an older M3 look like a new one?
Not sure I get what OP means when he says he forced the Toyota dealer to buy his car, how does one force dealership to buy a vehicle from them?
Why depreciate so fast?
Y’all latch on to a story about shopping around a used car for the best price. You then note the person buying an updated version of the same car because they clearly like it, and many here come away with, “Tesla bad, me Toyota good, electricity from science man bad, me like old way of doing things, grunt grunt.” Please ban me, y’all have worms in your brain.
We've reviewed your request to be banned and it has been denied; you will not be banned.
We allow debate and contrary opinions here. Unlike the worshipers of Elon, we actually like free speech.
lol it’s on the “tesla high mileage club” Reddit. If this fool thinks 78k is high mileage he has never owned a decent car.
The only car that is an investment is the one you don't drive
Tesla is the WORST car for depreciation I would not buy another - thank you Elon maybe another price cut /s
Momma always said, dummies gonna dummy…
Wow, my 2018 model 3 sold for 10k more than I bought it for in 2022. The market has really changed. If I can get one for 16k, might actuallt be worth looking into used ones again.
Sold my 2012 Mazda 3 last year with 95k miles for $11,500. Original purchase price $19,000. 10 years usage with just regular oil changes, one set of breaks and one set of tires
Are Teslas such poor quality that 78k is considered high mileage? Hondas and Toyotas can reach 200k if you take care of them right
Oh no my car depreciated instead of appreciated and Tesla said it's worth x but I know it's worth y and sold it for z
That’s how all new car and old car swapping is. They always give you way less than you paid because you driving out causes its value to drop!
So they sold their car that they owned, at what they consider a loss, to lease essentially the very same model of said car.
I don't even know what to say about that