Hello! I've been reading lots of threads over the past few months & posting a few questions here and there, but now I wanted to take a moment to more formally introduce myself & request some advice/suggestions from the community. We currently have a leased 2013 Ford Focus Electric (lease ends 8/2016) and a paid for 2013 Ford Fusion Energi. We have zero interest in ever going back to a gas only car, in fact, I've come to dread longer drives where I have to use the ICE in our Fusion Energi. I'd really like to get to a point where our transportation is 100% gas free, even when doing a cross-country road trip. We're now trying to decide what we will get to replace the Focus Electric when its lease ends.
Our main priorities for a replacement car are (in order of importance):
I see 3 potential options, all with their drawbacks.
1) Replace the Focus Electric with another short-range BEV
The front-runner for a replacement would be the Kia Soul EV. We need a car that is bigger than the Focus for hauling passengers, as we are four adults in our car multiple times per week. However, the Soul EV is not currently offered in MN & I would be concerned about getting service from a local Kia dealer if something goes wrong. There are also a number of features that we value in the Focus that would be missing, with only a few features that we want being added in the Kia. We are not interested in the Leaf due to all the features it lacks compared to our Focus Electric (no liquid cooling/heating for HVB, limited charging/preconditioning options, poor crash test scores, anemic acceleration, etc). The i3 would not solve the passenger space concern. The i3 & Leaf are the only BEVs stocked by local dealerships. The Focus Electric is the only other BEV sold in MN. The Soul EV, B Class ED, eGolf, etc are not available here. Anything we choose to replace the Focus from the short-range BEV options would cost more than what we are paying now ($261/month lease) and would include a large list of drawbacks.
2) Replace the Focus Electric with a used short-range BEV
We could buy a used Focus Electric for around $10-12k. This would not cost a lot of money, but brings zero improvement over our current state. In fact, we could even move backward if the used FFE has more miles or is in worse condition that ours. Unfortunately, the residual value set in our lease is almost $17k. Based on the experiences of other Focus Electric lessees, Ford credit is unwilling to negotiate on the residual value at all, preferring to instead sell the cars at auction & write off the difference. We could also look for a used Soul EV or other EV, but we would still have the same service concern.
3) Replace the Focus Electric & Fusion Energi with a CPO Model S
A used Model S would address all of our concerns above. I've started an extensive comparison list of each scenario and what features each potential vehicle would add & what features we would lose. The Model S would only be lacking one feature that we have in the other two cars, automatic memory seats. The Model S would add many more features than any other vehicle option, most notably Autopilot. If we buy a used Model S we would give priority to CPO models because of the 4/50 warranty from date of purchase, but we'd consider buying a non-CPO car if the price was right. We'd also consider an inventory car, but our yearly tax liability is not > $7500 to be able to take full advantage of the tax credit. We would only look at Autopilot cars. The other features that we would require in a used Model S would be: Subzero Package, leather seats, pano roof & 19-inch rims. We would like to have the power liftgate if possible, but that wouldn't be a requirement. We'd consider the 70D, 85 or 85D. We would not be interested in a P model because our goal is maximum efficiency, not performance. Since the Model S would be our only car, it would need to have enough range to cover road trip needs. I have been carefully watching the Supercharger map to see when there will be enough Superchargers in the upper midwest to make a Model S viable as our only vehicle. The drawback here is cost.
Regarding cost, I've mapped out my own TCO calculations for each scenario. I've looked at the yearly cash costs (electricity, gas, insurance, registration taxes, maintenance, etc) and I've tried to estimate depreciation (the most difficult factor to predict). Buying a used Model S is the most expensive option, by far. However, it is also the best vehicle, by far.
The question is: is the Model S enough better than the other options to make it worth spending the money? What would you say to convince me or to dissuade me? That is really what it comes down to, the opportunity cost of choosing any of the three options above, and foregoing the other two. Or, does anyone have another suggestion that I'm overlooking?
Thanks!!
Our main priorities for a replacement car are (in order of importance):
- More passenger space
- More range/DCQC option
- More cargo space
I see 3 potential options, all with their drawbacks.
1) Replace the Focus Electric with another short-range BEV
The front-runner for a replacement would be the Kia Soul EV. We need a car that is bigger than the Focus for hauling passengers, as we are four adults in our car multiple times per week. However, the Soul EV is not currently offered in MN & I would be concerned about getting service from a local Kia dealer if something goes wrong. There are also a number of features that we value in the Focus that would be missing, with only a few features that we want being added in the Kia. We are not interested in the Leaf due to all the features it lacks compared to our Focus Electric (no liquid cooling/heating for HVB, limited charging/preconditioning options, poor crash test scores, anemic acceleration, etc). The i3 would not solve the passenger space concern. The i3 & Leaf are the only BEVs stocked by local dealerships. The Focus Electric is the only other BEV sold in MN. The Soul EV, B Class ED, eGolf, etc are not available here. Anything we choose to replace the Focus from the short-range BEV options would cost more than what we are paying now ($261/month lease) and would include a large list of drawbacks.
2) Replace the Focus Electric with a used short-range BEV
We could buy a used Focus Electric for around $10-12k. This would not cost a lot of money, but brings zero improvement over our current state. In fact, we could even move backward if the used FFE has more miles or is in worse condition that ours. Unfortunately, the residual value set in our lease is almost $17k. Based on the experiences of other Focus Electric lessees, Ford credit is unwilling to negotiate on the residual value at all, preferring to instead sell the cars at auction & write off the difference. We could also look for a used Soul EV or other EV, but we would still have the same service concern.
3) Replace the Focus Electric & Fusion Energi with a CPO Model S
A used Model S would address all of our concerns above. I've started an extensive comparison list of each scenario and what features each potential vehicle would add & what features we would lose. The Model S would only be lacking one feature that we have in the other two cars, automatic memory seats. The Model S would add many more features than any other vehicle option, most notably Autopilot. If we buy a used Model S we would give priority to CPO models because of the 4/50 warranty from date of purchase, but we'd consider buying a non-CPO car if the price was right. We'd also consider an inventory car, but our yearly tax liability is not > $7500 to be able to take full advantage of the tax credit. We would only look at Autopilot cars. The other features that we would require in a used Model S would be: Subzero Package, leather seats, pano roof & 19-inch rims. We would like to have the power liftgate if possible, but that wouldn't be a requirement. We'd consider the 70D, 85 or 85D. We would not be interested in a P model because our goal is maximum efficiency, not performance. Since the Model S would be our only car, it would need to have enough range to cover road trip needs. I have been carefully watching the Supercharger map to see when there will be enough Superchargers in the upper midwest to make a Model S viable as our only vehicle. The drawback here is cost.
Regarding cost, I've mapped out my own TCO calculations for each scenario. I've looked at the yearly cash costs (electricity, gas, insurance, registration taxes, maintenance, etc) and I've tried to estimate depreciation (the most difficult factor to predict). Buying a used Model S is the most expensive option, by far. However, it is also the best vehicle, by far.
The question is: is the Model S enough better than the other options to make it worth spending the money? What would you say to convince me or to dissuade me? That is really what it comes down to, the opportunity cost of choosing any of the three options above, and foregoing the other two. Or, does anyone have another suggestion that I'm overlooking?
Thanks!!
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