Afford to buy Teslas?
What?
Comment on Robinhood admits it’s just a gambling app.
Ilovethebomb@lemm.ee 3 weeks agoFord are up to their eyeballs in debt, and they completely gave up on making affordable cars, which is the market segment that made Ford what they are in the first place.
Tesla actually makes vehicles normal people can afford to buy and run, so yes, they are worth more than Ford.
surewhynotlem@lemmy.world 3 weeks ago
SkyezOpen@lemmy.world 3 weeks ago
They did slash prices on the older models. Heard some guys talking about how they bought model 3s or something at 60k and they cut it to 30.
explodicle@sh.itjust.works 3 weeks ago
I’ve heard cyber trucks got way cheaper too.
D1G17AL@lemmy.world 3 weeks ago
Tesla’s suck dude. Shut up.
WindyRebel@lemmy.world 3 weeks ago
The whole point of this response is that a Tesla is not more affordable for most normal people because what they can purchase is influenced by initial buy in costs/their own budgets at purchase:
Most “normal people” have less than $1K in savings. A model 3 is baseline around $40K plus the infrastructure of chargers you will probably need installed to charge it.
A ford’s cheapest vehicle is a Bronco Sport or Escape starting at 29K.
Even with high credit scores, you’re talking at least ~$500 monthly payments even with something like 7K down. I know this because I purchased a new vehicle for about 30K within the past 6 months and my credit score was 815 at the time of purchase.
You have to remember that long term affordability doesn’t matter. Up front costs are influencing most “normal people” purchases because what you can afford NOW is what you can afford. There’s a reason subscription services see monthly or quarterly as their biggest buy-ins because cheaper up front costs mean more to the consumer who has to invest in the NOW despite the over time being a better deal.
Ilovethebomb@lemm.ee 3 weeks ago
A Ford Bronco Sport or Escape
I can’t buy either of those where I live, by the way.
WindyRebel@lemmy.world 3 weeks ago
Then you certainly couldn’t buy a Tesla either which is more out of your price range. That’s the point of my response.
Ilovethebomb@lemm.ee 3 weeks ago
No, you utter pillock, I mean they don’t sell them. Most of the vehicles you are yapping about are left hand drive only.
GiveMemes@jlai.lu 3 weeks ago
Pick one
Ford is moving its prices upwards because people want and pay for what they’re offering, very clearly given the statistics we have. Also to say that tesla is the brand regular people can afford when both brands have ev trucks and one has a starting msrp almost 30k more than the other is kinda hilarious.
Lastly, ford has a vehicle with an msrp of 23,920 while the lowest priced tesla vehicle is 38,890 dollars. Even taking gas savings over 5 years into account, ($4,223 if you happen to live near my area and drive about 10k miles per year) the tesla is significantly more expensive. Clearly, tesla is not the company concerned with the common man. To make that point even more clear though, one needs only to compare tesla to the Korean and Chinese EVs that are being offered at significantly lower prices.
Ilovethebomb@lemm.ee 3 weeks ago
Talking about affordable cars, and then going on about F series trucks, is pretty out of touch.
And I’m not sure what vehicles they sell where you live, but they’ve stopped selling the Mondeo, focus, and Fiesta, the smallest brand new Ford you can buy near me is a mustang.
GiveMemes@jlai.lu 3 weeks ago
Maverick.
According to the American consumer, they are affordable, or else they wouldn’t be the most popular new car.
Also, you were the one that brought up affordability.
I drive a 90s volvo and you can pry it from my cold dead hands. I have no intention of buying a new vehicle any time soon. It has nothing to do with me being out of touch and everything to do with statistics concerning vehicle sales.
SupraMario@lemmy.world 3 weeks ago
The American consumer is swimming in debt. What new cars they buy is not indictive of affordable. Look at the loan lengths from 10 years ago to today. 72 month loans are now normal, and 84/96 is becoming more normal than they should.
Ilovethebomb@lemm.ee 3 weeks ago
We don’t get the Maverick in right hand drive markets.