Tesla Model 3 Depreciation – A Quick Look

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It’s essential to consider the hidden costs of depreciation when buying an electric vehicle. The loss in value affects every make and model to varying degrees. With the Tesla Model 3, depreciation happens, just like every other car.

The primary vehicle depreciation factors include vehicle age, mileage, and condition. “You lose money the minute you drive off the lot” may be cliche, but it points to the massive plunge in value upfront. That’s why it can be advantageous to buy a previously owned car with low mileage – the first owner takes the deepest cut.

A row of Tesla Model S at the auction yard.
The auctions are packed with Teslas. Depreciation is always a factor.

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Car Subscription Service Comparison

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Vehicle subscription services offer a compelling alternative to traditional ownership, leasing, and rental. They are useful in situations that prevent long-term commitment. Think of it as an in-betweener for those times when a traditional rental is too expensive and a lease is too burdensome. Need a car for a month or two (maybe six)? A subscription might be right for you. The primary differentiators between car subscription plans include service areas, monthly costs, upfront fees, mileage limits, flexibility, and vehicles offered. A slew of companies have launched in recent years and the marketplace is evolving rapidly.

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2019 Toyota Corolla Hatchback Review

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Some things get better with age, as the saying goes, and the fully-revised 2019 Toyota Corolla is case in point. The Corolla is one of the world’s most popular cars, with a remarkable production run that stretches over half a century. The twelfth generation Corolla steps it up with a switch to Toyota’s TNGA-C platform, which also underpins the Prius and C-HR.

Toyota offers the Corolla Hatchback in just two models for 2019: the base SE and the XSE. The SE starts around $20,000 and the XSE around $23,000. The extra $3,000 buys a slew of cool stuff, including LED fog lamps, 18-inch alloy wheels, dual-zone climate control, a TFT digital dashboard display, an eight-inch flat-screen infotainment system, and leather-trimmed heated front buckets. A revised Corolla Sedan is due in the 2020 model year.

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Top 10 Cheapest New Cars of 2018 – What Gets the Best Gas Mileage?

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Deciding which cheap new car to purchase can be a daunting task. It’s crucial to take your time, do your research, and look at the big picture. While we are largely focused on fuel economy here at MPGomatic, your purchase decision will include a range of considerations. The process can be highly emotional. The car you like best, might not make the most financial sense, for any number of reasons. If the car you fall in love with turns into a money pit, the honeymoon won’t last long.

Kelly Blue Book (KBB) crunched the numbers to determine 2018’s least expensive new cars “based on a full buy-drive-sell ownership cycle” (not just the purchased price). While some folks are most concerned with the monthly payment, the most important factors in KBB’s calculations include initial cost, finance rates, and five-year depreciation, as well as fuel costs. These are KBB’s picks’ not our favorites.

All of the vehicles on the list use conventional gasoline engines. Some worthy compacts and subcompacts oddly didn’t land on the list (including the Corolla, Yaris, Civic, Mazda3, Focus, and Fiesta) and there are no hybrid or diesel models due to the higher sticker prices. It comes as no surprise that all of the vehicles are front-wheel-drive. We’ll run through the list by order of fuel economy and include KBB’s listing order at the end of the article.

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