Tesla Model Y or keep my A7

[shuklaajit]

Hi,

I got a used A7 in moonlight blue with beige interior a year back.The car is fully loaded, only 27k miles and dealership performed maintenance .nothing better than A7 in terms of beauty in my opinion. I still owe loan in A7 and drive 3k-5k miles a year.

Drove a Mode Y, it’s fast and feel very spacious.Looks are not my favorite.

Looking for advise /opinion about following questions:

Is loosing $12K on A7(tradein-loss) can be offset by higher resale value of mode Y and low maintenance of mode Y?

Is it right time to jump to EV or waiting few year is better option?

Any other suggestion welcomed.

[09S5]

$12k is a big hit.https://uploads.tapatalk-cdn.com/20200906/d61ccfefd11060805b5d9708eb271602.gif

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[Nick_elgy]

Hi,

I got a used A7 in moonlight blue with beige interior a year back.The car is fully loaded, only 27k miles and dealership performed maintenance .nothing better than A7 in terms of beauty in my opinion. I still owe loan in A7 and drive 3k-5k miles a year.

Drove a Mode Y, it’s fast and feel very spacious.Looks are not my favorite.

Looking for advise /opinion about following questions:

Is loosing $12K on A7(tradein-loss) can be offset by higher resale value of mode Y and low maintenance of mode Y?

Is it right time to jump to EV or waiting few year is better option?

Any other suggestion welcomed.

What year is the a7? Looks aren’t the best on the model y in my opinion. Looks like a chubby model 3


2016 Audi A6 prestige black optic. No mods yet

[daytona rs7]

So...
You don't like the model y style?
You will take a 12k trade in hit?
Your only saving grace is the estimate of model y resale in the future?

I'd imagine resale won't be good. Known quality issues now and a flooded future market will cause these cars to be cheap. Especially when the perspective buyer won't get a $7500 tax break like they would on a new one.

Also, these cars are just technology, like consumer electronics, and we all know how they depreciate in value.

My opinion is to pass

[shuklaajit]

Thanks for suggestions.
$12k is just not trade in loss but sunk cost also that I paid of my loan for 1.5 year.
It’s 2016 A7 with carplay &remote start added.
My logic was this:
I owe $32 K on car,so adding maintenance and repair in future vs Model Y with $48k where warranty plus low maintenance Cost.
My concern was in 4 year my Audi might be worth less $20k vs Tesla model Y should be around $30k+
I know downside of Tesla is build quality and not Audi kind of car making history.

Again,I appreciate inputs and I have learn a lot from this forum.

[daytona rs7]

Who told you a $48k msrp car after 4 years will be worth $30k?
Thats terribly unrealistic.

Id say you can assume 40% value, so $19k. That's based on typical depreciation of ICE cars.
Don't forget that since your $48k car has a $7500 rebate, it greatly effects the resale for the 2nd buyer since they aren't entitled to a rebate. It essentially means the instant depreciation of the model y is about 20-25% or $10-12k the second you own it.

Look up a lightly used model 3. MY19 are selling for high 30s. And these were about 45k msrp.

The constantly new technology in tesla cars, further ranges, combined with specialized repairs (very few, if any, mechanics to choose from) and upcoming battery costs will drive resale down since buyers will lean towards new purchase instead.

[WatchMeSpend]

Thanks for suggestions.
$12k is just not trade in loss but sunk cost also that I paid of my loan for 1.5 year.
It’s 2016 A7 with carplay &remote start added.
My logic was this:
I owe $32 K on car,so adding maintenance and repair in future vs Model Y with $48k where warranty plus low maintenance Cost.
My concern was in 4 year my Audi might be worth less $20k vs Tesla model Y should be around $30k+
I know downside of Tesla is build quality and not Audi kind of car making history.

Again,I appreciate inputs and I have learn a lot from this forum.

I think you're guessing on what the Tesla would be worth based on history. In 4 years there will be many more competitive e-vehicles watering down the Tesla's worth. Repairs is a different thing, but I can't mod a Tesla and make it mine. If I could modify a car, I would also understand that I am going to lose that money. If you like cars than the purchase is about emotion. If you want to make it about finances, emotions has to take a back seat. PS they don't mix.

My car has better seats, surround sound, all my music, movies, moving sensations, air conditioning, heating and a 360 degree view that spanks my living room. I drive it places my living room can't go. My car is modified in a way that I like. Personally, I'm not going to trade it for a Tesla, I don't particularly like because I MIGHT save some money. If I had less money, and was truly concerned I'd just buy a Hyundai with extended warranty and call it a day.

[A6Wookie]

Keep the Audi.


Talking resale, the Model Y is one ugly son of a gun lol. Wrong model/car to hope you have resale value in a few years (everyone will be buying everything else but that car).

I'm no fan of Tesla, but if you did decide to get into one, it should be a Model S.

Side note: My brother in law has a thing for Tesla (he owns a Model 3, doesn't shut up about it). First year of ownership consisted of him being out a car for 1/2 the year in loaners because they paint was bad....then he was rear-ended (Tesla repair shops were booked solid for months). Then he called panicked one night because he decided to travel and ran out of charge in an area he wasn't familiar with resulting in him suggesting to call 911.


Comical!! [emoji23]

Moral - Keep the sexy beast!!





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[dmvinnyfl]

Tesla is ugly in my honest opinion, and they go through tires and suspension parts quickly because of the weight of the batteries.

[Cris_OO7]

Keep the Audi.


Talking resale, the Model Y is one ugly son of a gun lol. Wrong model/car to hope you have resale value in a few years (everyone will be buying everything else but that car).

I'm no fan of Tesla, but if you did decide to get into one, it should be a Model S.

Side note: My brother in law has a thing for Tesla (he owns a Model 3, doesn't shut up about it). First year of ownership consisted of him being out a car for 1/2 the year in loaners because they paint was bad....then he was rear-ended (Tesla repair shops were booked solid for months). Then he called panicked one night because he decided to travel and ran out of charge in an area he wasn't familiar with resulting in him suggesting to call 911.


Comical!! [emoji23]

Moral - Keep the sexy beast!!





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[emoji23]


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[shuklaajit]

Your point on technical advancement, thus lowering resale value, is well placed.I checked again and KBB predicted model 3 resale value after 5 years is 35% of sticker price.

$7.5K federal rebate is no longer available but NJ still has $5K rebate.

I am aware of lack of service infrastructure for Tesla, but at the same time, instant torque & lack of ICE scheduled maintenance & repair, bring good points for Tesla.

before i decide i just wanted to hear other opinions, you all are great.

[WatchMeSpend]

What I told my buddy 3 years ago is that all of the current big car manufacturers can put together a body and paint better than Tesla. I still stand by that.

Many of them are developing financially shared charger technology giving them a huge advantage.
https://roboticsandautomationnews.com/2019/05/01/top-20-electric-vehicle-charging-station-companies/22138/

I said that Tesla should licence it's tech to other brands to get more out there. I used to work for Bell. We had all the land lines in one area. All you need is one competitor and you no longer own everything. If one competitor eats 5 percent of your business, so what? If 20 competitors eat 3 percent each average, you've got a problem.

Established companies want and need their cut of the market and won't stop.
https://www.youtube.com/watch?v=uyd6ONBV5V4

New companies good or bad won't stop either.
https://www.youtube.com/watch?v=ZiReSUJ-32U

This is why I said, I think in 4 years the price estimated today, won't be as much. Just a theory, but I don't feel I'll be off the mark too much.

[A6Wookie]

Here's another reason not to get a Y....surprises!

https://www.thedrive.com/tech/36274/tesla-model-y-owners-find-cooling-system-cobbled-together-with-home-depot-grade-fake-wood?xid=fbshare

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[shuklaajit]

Thanks, that’s really sad.

[JonnyBravo!]

Here's another reason not to get a Y....surprises!

https://www.thedrive.com/tech/36274/tesla-model-y-owners-find-cooling-system-cobbled-together-with-home-depot-grade-fake-wood?xid=fbshare

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Lol that's kind of hilarious.

[WatchMeSpend]

Lol that's kind of hilarious.

Depends on whether or not you own a model Y...

[A665]

I wouldn't even consider a trade with that staggering loss.

Even if it were an even trade, you're not going to see many members of an Audi forum telling you to get out of your A7 and into a Tesla. The opposite would be true on a Tesla forum. Natural bias.

Good luck.

[EvoToSQ5]

Another thing to consider is your living situation. Can you install a home charger? Or are you going to rely on Tesla’s charging network.

If you decide to charge at home, you’ll also have to add the cost to have an outlet or Tesla home charger installed.


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[jakubx80]

One other comment I haven't noticed in the responses.
You drive 3-5k/yr, your maintenance and repair costs should not be that high to justify swapping to "maintenanceless" electric.

I also agree that Tesla is on the leading age of the technology, which means it'd dull fast.
There is a lot of talk about environmental downsides of Lithium ion batteries, which drive development of new battery types. Should those be successful, then all the newer electric cars will be outfitted with a better/different battery packs, possibly leading to used Tesla being less desirable.
Also, if those new studies really deliver on fast charging, Teslas will be an equivalent of steam power in my opinion (and everyone will give you nasty looks once you take that spot on a charger for an hour).

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[phaphaphooey]

If you had a V8 car I would say hold onto it. For an A7, I would make the jump no doubt. My MS is boring but just about perfect as a DD.