They explained that Mini was started as a reaction to the Suez Canal Crisis in the late 1950s, as a small affordable car that got good gas mileage. Later, they found they were fun to drive and the company enhanced them for racing. I know them for the extreme customization offered.
We’ve published numerous analyses of our own on the total cost of ownership of the Tesla Model 3 and Volkswagen ID.3 compared to top gasoline competitors. However, if you don’t trust research from CleanTechnica, perhaps you’ll find the work of a major international financial firm more palatable. A recently published report from Bank of America Merrill Lynch (BAML) that was passed along to CleanTechnica dove into this topic for the UK.
Editor’s Note: I’ve been planning to write an article about these two cars for a while, so it’s nice to get a bump from Loup Ventures, which has beat me to it! Check out Matt’s summary of the analysis below.
Our recent article about the consequences of depreciation and resale value on the financial health and calculations of leasing companies begs for a European leasing sequel. In Europe, leasing is a bit different from the thing with the same name in the USA.
I published an analysis the other day showing the Tesla Model 3 undercutting the Toyota Camry on a 5 year cost of ownership forecast. The plan for a while has been to update these cost of ownership comparisons since prices, tax credits, and other matters have changed in the past several months. I honestly did not expect the Model 3 to come out on top after all of the changes, but it clearly did so in the comparison with the Camry. With that comparison in mind, it’s pretty certain where a similar 5 year cost of ownership comparison with the Honda Accord is going to go.
For this analysis, I’m comparing the Volkswagen ID.3 to the lowest trim Volkswagen Golf and the highest trim Golf, but not adding any options/extras. The ID.3 likely has top-of-the-line technology, so even the base ID.3 should probably be compared to higher-trim versions of the Volkswagen Golf. Consider this an unfair handicap for the incumbents.
When I got started on this analysis, I thought, “Well, looks like we finally have a car that is going to come out with a lower 5 year cost than a Tesla Model 3.” Nonetheless, I was super curious to see the results and see how close the Model 3 came to different Civic trims. I did not expect that the Model 3 would beat the Civic on cost in several scenarios. Does it? Does it, really?
Since I published comparisons of the Tesla Model 3 and Honda Accord, I’ve been planning to conduct and publish 5 year cost of ownership comparisons between the Tesla Model 3 and BMW 330i. At last, here they are!
A recent analysis from ARK Invest indicates that the Tesla Model 3 (even the $44,500 Model 3 Long Range*) outcompetes the highly popular Toyota Camry on a total cost of ownership basis.
For this article, I wanted to correct and update estimates of the maintenance and repair costs of the Model 3 based on some research I’ve done. Aside from updating those figures and the total cost of ownership (TCO) conclusions, I also wanted to compare the Model 3 to a couple more cars.
