I spread my pro-tesla propaganda on facebook to my friends to no end and i figured i should write an article for them explaining why im so pro-tesla. It obviously doesn't only apply to college students so I decided to share it with everyone here.
Feel free to critique.
Why College Students Would Be Foolish To Not Buy A Tesla Motors Gen 3 As Their First Car
If you are in college chances are you still have a couple years before you graduate and get a big boy/girl job. Some might find this to be extremely depressing while others are getting tired of awkwardly running into last week’s one-nighter. One undeniable perk all students can look forward to when they graduate is earning a lot of $$$$. One of your first major expenditures might be getting your first car. Now, if you know about Tesla Motors and how kickass they are, congratulations, you are probably tech savvy enough to pass engineering. If you don’t know about Tesla Motors you need to sit up, drop your pants and start reading on how you could be saving over $3,000 a year!(skip below for the number crunching)
What is Tesla Motors:
Before we start I want you to drop all misconceptions you might have about electric cars. You should be in utter confusion when i start talking about “electric” cars. Alright.
Tesla Motors is the first majorly successful American car company in almost 100 years. What this means to you is tesla is doing something so unconventional they have managed to enter and shake up a dinosaur of an industry.
Tesla is revolutionizing the auto industry with their new electric cars. Electric vehicles(EVs) are cars that run solely on electricity. They have a giant battery that stores enough charge to zoom you from place to place. Instead of an internal combustion engine(ICE) Tesla uses an AC induction motor. What makes Tesla’s motors awesome is that they are compact and can provide instant torque. The difference is big enough that the term “Tesla grin” has been coined after the grin every driver has when he/she first experiencing the car’s acceleration.
You cannot view Tesla as just another car. That would be as foolish as viewing the first iPhone as just another phone. Tesla is not simply an auto company. It is a tech company in the auto industry. When designing their cars Tesla questioned everything and I mean EVERYTHING. As an example, they asked themselves:
“When you enter a car, you have to first put the key in the ignition, then place your foot on the breaks and then change from park to drive. Why the hell do you have to do that? Why can’t you just enter your car put your foot on the break and by doing so let the car know you are ready to drive?”
Tesla answered hundreds if not thousands of these questions and came up with a new car from the ground up.
Currently, Tesla’s flagship car, the Model S, is a high-end sedan that has a base price of $70,000. Though we will be pulling information from the Model S and using it for the Gen 3 I can assure you that tesla will not skimp out on the quality of their car. If you want to contest that, feel free to message me and we can battle it out.
Why you should get a Tesla Motors Gen 3:
Tesla’s Gen 3 car is due to arrive late 2016. As a college student this might be a time you are considering getting your first car. Remember, You can save more than $3,000 a year! Before i go further here are some assumptions for the remainder of the article.
Assumptions I Make
1) I live in Canada. All prices are tailored towards canadians and all units are in metric. Though most numbers used are universal so it applies to the general public also.
2) I will be looking at the monthly cost of owning a Tesla as chances are you will be financing your first car.
3) The Gen 3 has been compared most closely to the BMW 3 series for performance, quality and price. I will be using the BMW 3 series as my benchmark.
Alright lets get started
Both BMW 3 Series and Gen 3 have the same base price of approx. $40,000
The model for financing both of these is at 3% annual interest with a 15% down payment and 72 months to pay it off.
For the BMW 3 Series
$6000 as the downpaymentand from there pay a monthly fee of $516 a month.
Average KMs driven by drivers aged 20-34 = ~24,500 km
Average price of gas = ~$1.30/liter
Average km per liter for mid-sized sedans = 8.5 liters/km
Yearly costs of gas =$2878/year-OR- $240/month
Cost of maintenance and repairs = $3480/5-years -OR- $58/month
Total cost after down payment = $814/month -OR- $9768/year
For the Tesla Gen 3
$6000 as the downpaymentand from there pay a monthly fee of $516 a month.
Average price of charging the car for 100 km = $2.21
Average cost per KWh = $0.12
Yearly costs on electric bill = $492/year -OR- $41/month
Cost of maintenance and repairs per 5 years = $1160 -OR- $20/month
(Because electric cars have far less moving parts they require approx. 1/3rd the maintenance and repairs of an ICE car. I.e. you dont have to worry about things like oil changes)
Total cost after down payment = $577/month -OR- $6924/year
Additional Perks of Owning a Tesla:
Now that you’ve seen the numbers I might more have your attention. Don’t stop reading now. I’m about to reveal the secret sauce behind certain un-quantifiable aspects of owning a Tesla.
Tesla is one of the few cars on the road with a 5-star rating across the board. The BMW 3 Series comes close. It has a 4-star rating for frontal crash.
Here are some test examples comparing the Model S to BMW 5 Series and 3 Series Cars. You can expect the Gen 3 to be as good if not better than the Model S in safety.
Tesla Model S NHTSA Side Crash: http://yt2gif.com/view/351735
BMW 528i NHTSA Side Crash: http://www.yt2gif.com/view/351748
Tesla Model S NHTSA Front Crash: http://minus.com/ll0XBntGxLuKB
BMW 328i NHTSA Front Crash: http://minus.com/levXNEFbsPLvK
Getting your car serviced can be a ****** experience at times. You see, there is a huge discrepancy when it comes to getting your car serviced. The “extra parts” industry in the US is an ~$8.5 Billion dollar industry. Auto companies restrict repairs on their cars to be done only by their dealers. Dealerships make most of their profits from servicing your car. What makes Tesla different an infinitely better is that they service your car directly. Tesla’s philosophy is to never make a profit on service. They believe that you should not have to pay extra because their product broke down on you. Furthermore, Tesla’s Service is revered as world’s best. If your car requires servicing, they will show up at your house with a loaner car, pick up your car and return it when it has been serviced. On top of that, their loaner cars are their top end cars meaning you get a chance to drive around the upgraded Model S while your Gen 3 is being serviced!
No More Gas Stations!
98% of the population drives less than 58 kms a day. With the basic Gen 3 model at 320 kms of range you can charge your car in your own garage over night and have a full charge in the morning every morning. For long road trips Tesla will have built a “Supercharging” network that covers 99% of the US and most of the Canadian population by the end of 2015. The Super charging stations will allow you to charge for freefor the rest of your life. They are designed to be self sustaining and are solar powered. You will be able to stop and charge your car for 20-30 minutes every 3 hours of driving. Just enough time to stretch your legs and grab a coffee/bite to eat.
Technological Benefits and The Age of the Intelligent Car
Here are a few awesome features that you can do further research on:
- Tethering and over the air updates
- State of the art integration into your life
- Tell your car to heat up via phone before getting in
- Air conditioner use doesn’t reduce power output
- More storage; front trunk or “frunk”
- Zero emissions that are better for the air
- Massive 17” Center Console
- No engine noise
- Low center of gravity with better handling
Owning a Tesla as your first car from the big boy/girl job you get makes complete sense. It’s like the equivalent of getting the first iPhone when it came out at half the price of the leading phones in the market.
Feel free to leave feedback!