You really need to consider depreciation as a cost of ownership.I've been trying to do man math's to compare annual cost of running my Toyota Rav4 Hybrid against a possible future purchase of a Tesla M3LR.
I thought on paper the savings would be bigger so I'm asking if I have gone wrong somewhere with my calculations.
Ive taken my annual mileage as 8,000. My Rav4 economy as 45mpg. Ive broken down Insurance cost to monthly and a tyres plus fund for additional expenditure on car.
My calculations are:
Tesla M3LR
Electricity – 8,000 miles a year @9p a kw = £201 per year= £17 month
Tyres plus: £60/month
Tax: €0
Insurance: £55/month:
Servicing: zero
Total: £132/month to drive Tesla Annual Total £1584
Rav4 Hybrid
Fuel: 8,000 miles a year = 22m a day = £1.35 litre = £1.048 per year = £88 month
Tyres plus: £60/month
Tax: from above budget (pay £580)
Insurance: £32/month
Service Plan: £30/month:
Total: £210/month to drive a Rav4. Annual Total £2520 a year
Difference: £78/month or £936/year or £4,680 over 5 years.
Some of those kWh will be more like 50p than 9p too as you are unlikely to do every mile with the cheap electric. Also consider 10% loss for charging and Tesla seem to lose charge overnight. Seems 3.5m/kwh for maths which is probably ok but depends on your route
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