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Entries Tagged 'buying a car' ↓

Tesla Model 3 Depreciation – A Quick Look

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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Tesla Model 3 Preorder Phenomena – A Week of Livestreams

This past week marked a tipping point in automotive history. According to media reports, Tesla Motors has rolled up over 325,000 “preorders” for the Model 3 Sedan, the company’s least expensive vehicle to date. There’s never been anything quite like it. This is an unprecedented validation that the world is eager for an electrified sedan with 200+ miles of range. It was a brilliantly executed Kickstart that saw the first hundred thousand customers plunk down their $1,000 refundable deposits without ever seeing the car.

As the week progressed, I thought it would be interesting to run a livestream on YouTube to gauge the MPGomatic community’s reaction. I vlogged every day for five days straight, on a variety of topics. The most popular being the second installment, Tesla Model 3: Does the Chevy Bolt Have a Huge Advantage?


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Top Twenty Safest, Most Affordable Used Cars for Teenagers

Choosing a first car is a right of passage. While the top two criteria for most parents are safety and affordability, teenagers on the other hand, are more focused on what’s cool. The Insurance Institute of Highway Safety (IIHS) recently published a list of safe and affordable used vehicles for teenagers and we’ve taken it up a notch.

A first car should be safe above all, but it needn’t be boring. Grandma’s cast-off Buick LaCrosse may be safe and priced right, but it lacks a certain cache. That’s why we’ve poured through the list to find the ten most affordable and most appealing of the IIHS’ picks. Our criteria focused on affordability, with all models starting under $10,000, in addition to a preference for manual transmissions and all-wheel-drive. If you’re driving a manual, you’re not holding a cell-phone.

Our top eleven list (yes, our list goes to eleven!) includes imports, domestics, sedans, wagons and SUVs, but no small cars. The IIHS does not recommend any small cars for teenagers. Big is better when it comes to safety. We’ve included links to MPG reviews and fuel economy ratings in the list.
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What’s the Best Cheap Used Car with Great Gas Mileage?

We’ve all been there. You have basic transportation needs and a budget tighter than a screw cap on a cheap bottle of wine. An inexpensive used car can help you meet your needs without resorting to taking out a high-interest loan. Knowing which car to buy is key, but the answer is too often locked away. We’re here to cut through the bombardment of advertisements and get right to the facts. When you buy the right cheap used car it will set you free. Buy the wrong one and you’ll enter a new world of pain.


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Unlock the Mystery of Check Engine Light Codes

It happens when you’re in the middle of nowhere. Or in the middle of the city. A warning light flashes on your dashboard, urging you to CHECK ENGINE. It immediately strikes fear in the heart, a fear of the unknown. A sense of panic sets in. Your significant other is rattled, “what’s wrong with the car now,” they ask with trepidation. You feel an impulsive need to drive immediately to a dealership to find out what’s wrong. The seed has been planted: it’s a money tree and you’re about to fertilize it with your bank account.


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