Operating Costs and Residual Values

Tesla Vehicles are quickly redefining the long term cost of vehicle ownership. With most Non-Electric or Hybrid Vehicles the general mentality is to replace a vehicle when it reaches 100,000 miles (or 150,000 miles at most) because at that point the ongoing maintenance costs will often cost more than a replacement. With Electric Vehicles like Tesla, there are less moving parts and therefore less repairs. In addition, since the vehicle is powered by a battery in the event something goes wrong it can simply be replaced. Today's Tesla vehicles can easily handle 300,000+ miles and there are several on the road that have already exceeded 400,000. As a result there is a higher residual value which lowers the overall cost of the vehicle.

Our preferred leasing partner, Sutton Leasing Inc., has estimated that a 3 year old Tesla with 240,000 miles will have a residual value of $32,000... whereas the Toyota or Hybrid will have no value whatsoever.

It's important to take this into account when comparing the costs of Electric vs. Hybrid. As an example, if the Microtransit Solution is a success and extended, the same Teslas could easily handle a 4th or 5th year... where the Hybrid Vehicles would have to be replaced.

Here are some of the other pricing comparisons....

2017 Toyota Highlander Limited Hybrid

3 Year / 36,000 Mile Basic Warranty

5 Year / 60,000 Mile Powertrain Warranty

No Roadside Assist

321 Horsepower

2017 Acura MDX Hybrid

4 Years / 50,000 Mile Basic Warranty

6 Year / 70,000 Mile Powertrain Warranty

Roadside Assist: 4 Years / 50,000 Miles

295Horsepower

2017 Tesla Model S 75D

4 Years / 50,000 Mile Basic Warranty

8 Year / Unlimited Miles

Roadside Assist: 4 Years / 50,000 Miles

518 Horsepower

2017 Tesla Model X 75D

4 Years / 50,000 Mile Basic Warranty

8 Year / Unlimited Miles

Roadside Assist: 4 Years / 50,000 Miles

518 Horsepower