Which is the better value over 10 years?
TOP 47 Comments
- Amazon trek34You idiots. No one mentions the battery! The battery is half the cost of the car. In 10 years the battery will be almost dead and the car will have 50 miles range. So unless there is a breakthrough in battery technology it’s a BMW for sure
- DealerSocket / Eng ronaldo7moreLol 2012 model S has about 5% degradation in range and running as good as new, there are some model S cars which have gone over 400k miles with extremely less cost of operation, BMW on the other hand loses most of its market value in couple of years, maintenance and premium gas are hell.Sep 5 3
- Guys, I put in a deposit for a model 3 (as base as it gets on the website).... Hahaha. I couldn't justify the BMW when considering the potential repairs and gas/toll costs vs smiles per gallon it brings. Especially with the fact that I will primarily be stuck I'm bay area traffic ..
- I’m a BMW fan but if you’re talking about resale value after 10 years then I’d pick the Tesla. Have a look at the prices of 2009/2008 E60 BMWs and see what they retailed for if you want an idea. You must also consider the yearly maintenance and other expensive parts you have to maintain.
I highly doubt that you’re gonna maintain a BMW for 10 years. Not only is it highly unlikely, you’d also get bored AND frustrated with all the maintenance work. But if you want to go with your heart, take the beemer. I’d suggest leasing one.
Edit: now someone’s gonna say “bs it’s definitely possible to maintain a BMW for 10 years.” to which my answer is : they owned previous generation models like E39 or E46 or E36 series which didn’t have a lot of unreliable electronics and complexities
- Don’t forget all the plastic cooling system parts on the E36,46 and E39 that catastrophically fail! If the depreciation doesn’t kill your wallet, the maintenance cost will.
To the OP: Only buy a BMW with your heart and if you can do all the maintenance yourself and enjoy itSep 11 0
- Tesla 100% - BMW has plastic parts/hoses that will cost thousands of dollars to replace for labor alone. Mind you, I’m no shill, GM ain’t great either, but at least the parts are ubiquitous in the US and won’t kill your pocket like German trash will.
- Can confirm, the coolant systems are made of plastic and are considered “routine maintenance” to replace the whole system, even parts like the intake manifold are made of plastic. BMW’s are expensive to own and are only worth their weight in scrap after the 10 year mark.Sep 11 1
- BMWs are fun to drive, but I wouldn’t buy one. Lease it instead so you’re not on the hook for a hugely depreciating money sink. A good reason to hold out on EV vehicles are that there will be breakthroughs in autonomous driving, and EV technology that aren’t fully worked out yet. So you can have your cake and eat it too. Lease, and when it makes sense to get an EV, buy it. Or if you must buy, then probably best to not make it the Beemer.Sep 5 1
- Neither! Buying a car is a losing proposition to begin with. Cars are one of the expensive depreciating assets (there are other examples in life!). You buy a car, not for residual value in 10 years. You buy a car you like, you want to keep, and you enjoy driving. If you don't want a car, there are other options.
- That BMW is going to rape your wallet in repairs after 80k miles. But unless you’re leasing the Tesla, I’d say get a Toyota.
The Tesla will technically be more fun to drive and cost you less over 10 years if we’re going to be fair about it. Just don’t plan on driving very far with it. Range anxiety is a real thing so you need to adjust your expectations for long distance travel.
- I guess what I'm looking for is how much cost I would have incurred over the years
- Wondering how many people replied based on his or her own experience. Any 10-year old car requires a lot of maintenance. There is no exception. There isn't a 10-year old Model 3 yet, so nobody really knows what will happen.