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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.

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