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re: You can now get used Tesla Model 3 from Hertz for as little as $16K

Posted on 1/10/24 at 9:19 am to
Posted by jmarto1
Houma, LA/ Las Vegas, NV
Member since Mar 2008
36194 posts
Posted on 1/10/24 at 9:19 am to
Even at that it might not be a terrible buy
Posted by Obtuse1
Westside Bodymore Yo
Member since Sep 2016
28315 posts
Posted on 1/10/24 at 9:25 am to
quote:

Or for a kids first car?


Probably a poor choice due to insurance rates.
Posted by TheOcean
#honeyfriedchicken
Member since Aug 2004
44314 posts
Posted on 1/10/24 at 9:27 am to
Insurance is high unless you live in a state with tesla insurance. Also getting these vehicles repaired can be a nightmare
Posted by AwgustaDawg
CSRA
Member since Jan 2023
11159 posts
Posted on 1/10/24 at 9:44 am to
Cheapest one available now is $20,700. It has 86K miles on it. The batteries have 14,000 miles of warranty left. IF the batteries were charged 100% correctly over those 86K miles they should be about 1/4 of the way done. If they were not charged correctly most of the time they could be done now and it'd cost more than the purchase price to replace them. I am certain you can check them onboard with software designed by the manufacturer...and of course it would be accurate because what interest would Tesla have in proving their batteries were indeed good for 400K miles or more?


Several hundred 2021 or newer Camry's with less than 90K on them for sell in the US for under $20K. If you bought the Tesla above and the batteries were in average condition for the mileage the cost of ownership over say 200K more miles would be almost nil. Could be a bargain.
Posted by AwgustaDawg
CSRA
Member since Jan 2023
11159 posts
Posted on 1/10/24 at 9:51 am to
quote:

Based on those mileages, how long would I have until I have to spend $15k on a new battery?


The cheapest one for sell right now has 85K on it. Tesla warrants them for 96 months, 100K miles. I would imagine that is a pro-rated warranty. Tesla claims the batteries will last 4-500K. kind of curious why they don't warrant them for that LOL. According to independent sources like consumer reports world wide they have a pretty impressive track record if charged correctly...the question Id have is how correctly is a rental charged? Probably almost by the book at the Hertz office but at the Hampton Inn? Who knows. Supposedly the onboard computer monitors such things but it uses software designed by a company that claims their products last 400k and warrants it to 100K....
Posted by biglego
San Francisco
Member since Nov 2007
80040 posts
Posted on 1/10/24 at 10:08 am to
Liberals are trying to dump their Teslas bc they’ve been told they’re supposed to hate Elon now. And hating Elon is more important than global warming.
Posted by SUB
Silver Tier TD Premium
Member since Jan 2009
23045 posts
Posted on 1/10/24 at 10:21 am to
The next few years will be telling once all these old Model 3 and S batteries start aging. When new, they get what, 250+ miles per charge? If a battery with 100K miles on it gets even half the life of a new battery, I want to think there is a market for people to buy a model 3 for $15-20K even if the battery life only gets you 120-150K miles for several years. $15-20K is peanuts for a car in 2024.
Posted by billjamin
Houston
Member since Jun 2019
14960 posts
Posted on 1/10/24 at 10:38 am to
quote:

You have any user/owner knowledge on the VW ID cars? I’ve seen a few of the ID 5 cars recently and they’re a very nice looking vehicle. Trying to find any reliable feedback on them.

I have very little direct experience with them but know some of the underlying tech well. Depending on the vintage it may have the LG Chem cells in it which are a known quantity and pretty reliable. The car's construction should be pretty good, certainly better than Tesla. But i would expect slightly lower long term performance compared to Tesla which is basically what everyone is benchmarked against.
Posted by billjamin
Houston
Member since Jun 2019
14960 posts
Posted on 1/10/24 at 10:42 am to
quote:

Even at that it might not be a terrible buy

It's a solid buy for someone who needs an around town car. I wouldn't have any hesitancy about buying one with that kinda of battery health or milage. However, I wouldn't want a retired rental car no matter what it is. Because it's been abused and almost certainly has someone else's jizz in it.
Posted by 3nOut
I don't really care, Margaret
Member since Jan 2013
30684 posts
Posted on 1/10/24 at 10:43 am to
quote:

Several hundred 2021 or newer Camry's with less than 90K on them for sell in the US for under $20K. If you bought the Tesla above and the batteries were in average condition for the mileage the cost of ownership over say 200K more miles would be almost nil. Could be a bargain.


I just had to buy a car for my son and the cost of some cars/sedans with 100k+ miles was obscene. I mean I could have got him a Ford fiesta for a few K but i want the kid to be able to show his face in public.

Jeep Patriot it is son. Sorry.
Posted by billjamin
Houston
Member since Jun 2019
14960 posts
Posted on 1/10/24 at 10:44 am to
quote:

The next few years will be telling once all these old Model 3 and S batteries start aging.

There's already tons of data on this. The model S platform is 11 years old and there's about 175k of the first gen on the road.
Posted by GeorgeTheGreek
Sparta, Greece
Member since Mar 2008
67850 posts
Posted on 1/10/24 at 10:47 am to
I only drive about 6,000 miles a year. This wouldn’t be a terrible option if I were in the market for a new car.
Posted by TheOcean
#honeyfriedchicken
Member since Aug 2004
44314 posts
Posted on 1/10/24 at 10:48 am to
quote:

The batteries have 14,000 miles of warranty left. IF the batteries were charged 100% correctly over those 86K miles they should be about 1/4 of the way done


You've definitely never owned a tesla. I've owned two for years now. Both have very little battery degradation. 1/4 battery loss doesn't happen
Posted by billjamin
Houston
Member since Jun 2019
14960 posts
Posted on 1/10/24 at 10:57 am to
quote:

kind of curious why they don't warrant them for that LOL

Warranties are liabilities that have more input from accountants and finance bros than engineers. Why doesn't Toyota warranty vehicles to 250k miles? Using a warranty to infer reliability is a fools errand.
quote:

he question Id have is how correctly is a rental charged?

Not great according to the data i pulled on the one i could find. But, that accelerated degradation will normalize if it's treated in a more responsible way.
quote:

Supposedly the onboard computer monitors such things but it uses software designed by a company that claims their products last 400k and warrants it to 100K....

It does and it's accuracy has been validated by every major independent engineer. I have a DNV IE report on it. It's a less than .1% error rate.
Posted by shel311
McKinney, Texas
Member since Aug 2004
112428 posts
Posted on 1/10/24 at 3:37 pm to
quote:

Those are probably the covers.
Correct

Due to aerodynamics or whatever they add more range.

But in fairness, taking those covers off, the actual rims underneath aren't very impressive either.
Posted by shel311
McKinney, Texas
Member since Aug 2004
112428 posts
Posted on 1/10/24 at 3:40 pm to
quote:

It has 86K miles on it. The batteries have 14,000 miles of warranty left.
Pretty sure it's 64k miles left, with the 150k mile battery warranty.
quote:

IF the batteries were charged 100% correctly over those 86K miles they should be about 1/4 of the way done
It's actually "incorrect" to charge to 100% every time. You're specifically told not to do that unless going on a road trip.
quote:

I am certain you can check them onboard with software
A poster in this thread researched by Vin# and found 1 of the 3,it had 12% degradation.
Posted by Obtuse1
Westside Bodymore Yo
Member since Sep 2016
28315 posts
Posted on 1/10/24 at 4:04 pm to
quote:


Warranties are liabilities that have more input from accountants and finance bros than engineers. Why doesn't Toyota warranty vehicles to 250k miles? Using a warranty to infer reliability is a fools errand.


Agreed

Car warranties are not directly connected to actually reliability. They have often been used as a marketing tool with the associated costs considered part of marketing. Take for example when Hyundai started to improve quality they couldn't get traction with the message with the public so they moved from the typical 3/36 warranty to a 5/60 bumper to bumper with a 10/100 powertrain component. To this day the king of reliability (Toyota) continued along with the old school 3/36 and no one sane has ever questioned their reliability.
Posted by notsince98
KC, MO
Member since Oct 2012
19998 posts
Posted on 1/10/24 at 4:26 pm to
quote:

I would never buy any used rental car.


I used to think the same way but now days, cars sold directly from rental companies are the cars they had zero issues with and have the full maintenance record. The cars that they have issues with they sell to auction and end up on other lots. Those are the used rental cars to avoid.
Posted by TigerHornII
Member since Feb 2021
847 posts
Posted on 1/10/24 at 4:53 pm to
You're the first poster on here I've ever run into who had even heard the word "psychoacoustics" before. I was involved in that world back when the word was first coined. Did some breakthrough work for a major transportation OEM that they still consider trade secret and proprietary. Very nice explanation of it.
Posted by Warfarer
Dothan, AL
Member since May 2010
12251 posts
Posted on 1/10/24 at 4:57 pm to
quote:

Looming battery replacement


that was the first thing I thought, like trading a BMW when the warranty runs out.
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