OEMs – Page 4735 – I wish I had more to offer

Audi strives for the patronage

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Breaking! Tesla Now Offers Used Model 3’s — Should You Buy One?

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Published on June 15th, 2019 |

by Paul Fosse

Breaking! Tesla Now Offers Used Model 3’s — Should You Buy One?

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June 15th, 2019 by Paul Fosse

Image from Tesla

TL;DR: It depends.

If you ever take a management class in college, that is the answer to every essay question on the test. The instructor expects you to justify the reasons for the different cases. Maybe that is where I learned to be able to argue any side of any issue. Or maybe it was my involvement in politics. Regardless, the used Model 3’s are either a great deal or a horrible one and I will present both cases and they are both potentially true. I depends on your situation.

First, though, I’d like to give my Twitter friend, Steve Jobs (@tesla_truth), credit for letting me know these cars are now available.

I wasn’t able to find used Model 3’s anywhere but in San Francisco, but over time, they should show up around the country. If you really want one, you can have it shipped to you for $2,000 if you are outside of California, but I wouldn’t recommend it. You wouldn’t be able to inspect the car and it just makes the deal more complicated and expensive.

Example Used Vehicle

This early Model 3 has the classic Long Range Rear Wheel Drive that all the first cars came with, and also has the optional 19″ sport wheels and red paint.

Comparable New 3

You can’t order the same car new online today. You can just order the Long Range with All Wheel Drive and Autopilot. Don’t worry, I’ll adjust for that and discuss later.

Comparison

So, first, the case for the used Model 3.

If this is your dream configuration, it allows you to get the car you want for more than $10,000 less than a new Model 3 — that could be a couple hundred bucks a month and the difference between the car being affordable or being out of reach!

Clearly, you have to like the configuration, because if you start changing the wheels or color, you are going to just be spending extra money that you won’t get back. If you can’t find a configuration you love, it is better to buy new. So, if you love the red, long-range, rear-wheel-drive Model 3 with sport wheels, this might be a good deal for you. It would be a good choice for people who have the money to buy the car, but don’t have enough taxable to take the tax credit on the new car. [Editor’s note: This car is now actually gone, with all used Model 3 options now blue.]

For people who love driving the Model 3 (and it is EXTREMELY fun to drive) and don’t care about Autopilot (which I also love for longer trips), why pay for it? The warranty Tesla is offering on used cars is very good and overlaps with the new warranty. This means, in our example, if you bought the car on June 17, 2019, it would cover bumper to bumper till June 16, 2023 or until 78,201 miles on the odometer, whichever comes first. The battery and drive warranty is only 5 years and 92,000 miles from today, but frankly, there have been no reported problems with either of those (and you can bet any problems would be highly publicized by those who want Tesla to fail), so I’m not too worried about them. If you are keeping the car for a while, you don’t care too much about the miles on the car, since over time the condition of the car matters more than the miles.

Now, how about the case against the used car?

The first downside is that only people in California can consider this and really save any money. Another is that you may not like the configuration — you would rather spend your money on Autopilot instead of the red paint and sport wheels, for example.

Most people can use the tax credit and enjoy having the car from day one. There is a special bond many people feel when they buy a car new, to some degree or another (my wife feels this bond quite strongly, I don’t feel it as strongly).

If you are going to resell the car in a few years (possibly to buy a Model Y), I think getting the new one might be better since you will have fewer miles on it and it will be a one-owner trade-in, which may be better. I played around with Kelley Blue Book’s What’s My Car Worth site, and it appears that 15 cents a mile is a pretty good assumption for how much you will be docked for extra miles, but I didn’t adjust for it being one model year older — it seems that would be worth about $3,000 if you trade it in soon (if you keep the car 10 years, nobody cares if it is a 2018 or 2019).

For many, they would prefer to give up a little range and a few other minor features and go with the Standard Range or the Standard Range Plus rather than going used if they have trouble affording the Long Range car.

Conclusion
As I said, I tried to present a compelling case for buying the used vehicle and also a compelling case for why the new vehicle could be a much better deal. I think it is a great option for those who are looking for that specific vehicle and plan to keep it long enough that the miles and model year don’t matter. Which situation resonates with you? Let me know in the comments if you thought I was fair in my comparison.

If you want to take advantage of my Tesla referral link to get 1,000 miles of free Supercharging on a Tesla Model S, Model X, or Model 3, here’s the link: https://ts.la/paul92237 (but if someone else helped you more, please use their code instead of mine).

About the Author

Paul Fosse A Software engineer for over 30 years, first developing EDI software, then developing data warehouse systems. Along the way, I've also had the chance to help start a software consulting firm and do portfolio management. In 2010, I took an interest in electric cars because gas was getting expensive. In 2015, I started reading CleanTechnica and took an interest in solar, mainly because it was a threat to my oil and gas investments. Follow me on Twitter @atj721 Tesla investor. Tesla referral code: https://ts.la/paul92237

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Aston Martin Valkyrie hypercar to fight for overall victory at Le Mans

Published: Jun 14, 2019

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Neil Allison

On the eve of the 60th anniversary of its glorious win in the 1959 24 Hours of Le Mans, Aston Martin announces that it will once again bid for outright victory in the French endurance classic in 2021.

14 June 2019, Le Mans: On the eve of the 60th anniversary of its glorious win in the 1959 24 Hours of Le Mans, Aston Martin announces that it will once again bid for outright victory in the French endurance classic in 2021.
Following the announcement of the Automobile Club de l’Ouest’s decision to introduce hypercars to the top category of the FIA World Endurance Championship (WEC), Aston Martin will field a minimum of two works Aston Martin Valkyrie hypercars, specially-developed for the 2020/21 FIA WEC season, including the 2021 24 Hours of Le Mans.
Britain has enjoyed a long romance with the Circuit de la Sarthe, indeed in 2021 it will be 100 years since an Aston Martin first raced there. But it’s more than a quarter of a century since a British-built derivative of a road car claimed top honours at Le Mans, and invoking the pioneering spirit of the company’s founder Lionel Martin and the ingenuity of some of Britain’s best engineering minds, Aston Martin is now set to carry that mantle into the next decade with a bold attempt to win Le Mans and the world championship.
Aston Martin Valkyrie, the world’s most extreme road car and platform for this future challenger, is the combined vision of Aston Martin Red Bull Racing’s Chief Technical Officer Adrian Newey, Aston Martin EVP and Chief Creative Officer Marek Reichman and Aston Martin VP and Chief Special Operations Officer David King. It was created as a result of a technical collaboration between Aston Martin, Red Bull Advanced Technologies and project partner AF Racing.
In line with WEC’s newly confirmed ‘hypercar’ regulations designed to allow race-prepared derivatives of the world’s fastest road cars to fight at the forefront of world sportscar racing, the Aston Martin Valkyrie race car will draw on all the radical pillars of the road car and its track-only AMR Pro variant.
The new car will feature a race-prepared version of its bespoke high-revving normally-aspirated 6.5-litre V12 engine. Placed within a lightweight carbon fibre structure, and featuring F1 inspired aerodynamic technology, it forms a fully competitive platform capable of challenging for outright race wins.
Aston Martin Vice President and Chief Special Operations Officer, David King said: “The FIA World Endurance Championship and the 24 Hours of Le Mans represent the ultimate challenge for the Aston Martin Valkyrie – the world’s most extreme hypercar. Designed and built with the purpose of pushing boundaries on the road, it’s natural to conclude that the next stage in its development would be to measure its capabilities on the track. I can think of no better way to do that than to compete in a world championship and the most prestigious and famous race of all.”
Aston Martin Lagonda President and Group CEO, Andy Palmer said: “We have always said that we would one day bring Aston Martin back to Le Mans with the intention of going for the outright win when the time was right – now is that time. David Brown came here in 1959, with a car and a team of drivers capable of winning. We intend to do the same in 2021. The Aston Martin Valkyrie is primed for such a challenge and sits perfectly within the ACO’s new ‘hypercar’ rule framework. Bringing to bear all of our previous experience and knowledge of competing at the top levels of motorsport, we embark on this most ambitious project with the necessary ingredients for success. What could be more evocative than the wail of an Aston Martin V12 leading the charge into the night on the Mulsanne straight? ”

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