Why You Should Get a Tesla Electric Car |
Posted: October 13, 2017 |
If you are looking for a super cool yet luxurious electric car model, then Tesla should be at the top of your list. Before deciding on whether or not to buy the vehicle, you should take time to consider how much it's going to cost you. First of all, Tesla comes in two models: model S sedan and the Model X crossover SUV, but there is a new model 3 that is yet to hit the market. Here are some of the costs you will have to incur if you are looking to own a Tesla. The Federal And State Tax Credit One of the advantages of getting the Model S is that the federal tax credit reduces its price by $7,500. In fact, some states can charge additional rebates or tax credit, and this can reduce your purchase price by up to $9,500. What's more, some states also offer non-cash incentives like free parking and carpool lane access. Fuel Economy If you want to know whether it's economical to buy Tesla, you should start by making a comparison to a similarly priced gas model vehicle. If you drive the BMW 7 series for 15,000 miles a year, you'll spend about $2.5 a gallon, and this translates to $1,500 per year on fuel. With Tesla, you will save on the fuel cost, but you should see an increase in electric bill from charging overnight. At the Tesla's supercharger station, you can get a free 400-kilowatt hour of free charging a year which translates to 1,000 miles worth of driving. Taking this into account and given the average charging rate of 13 cents per kWh, you end up saving $690 for model X and 609 for model S if you drive for 15,000 miles a year. The Buying Price One of the incredible features of the model S is that it can accelerate from 0 to 60 mph in less than 4 seconds, and this is great especially if you are cruising on a freeway. The model's buying price starts at $69,500 and it features different upgrades such as the self-driving capabilities. However, if you want the self-driving option included, you will have to part with $6,000 after delivery charge. Tesla can also activate the night cameras and pair it up with the onboard computer, radar, and sonar to give you a full self-driving. The model X SUV that was launched in 2015 and now retails at $79,500. Although it might be expensive to own the Tesla models, factors such as insurance discounts, fuel saving, and tax incentives can significantly reduce the cost of owning and buying one. The Tesla Model 3 The cost of Tesla model X and S is a little pricey, and if you are not in a hurry, then you should wait for the release of the model 3. The model 3 sedan version will retail at $35,000 with a range of 220 miles. The model can also go from zero to sixty miles per hour in just five seconds. If you want to make a reservation, you'll have to part with $1,000 then wait for between one to one and a half years before it's delivered. Insurance Discounts Getting the cheapest car insurance discounts is important if you are looking to buy an electric car. Different states have different incentives when it comes to insurance discounts, but states with a higher Tesla ownership level always have subsidized rates. There are a lot of benefits you can get from buying an electric car model compared to their gas counterparts, and this is reflected in the fuel economy, vehicle features, and insurance discounts. That said, before settling on any of the three models it's worth evaluating whether the car to be purchased is in line with your needs.
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