Race car drivers have said it, top auto journalists have said it, and hundreds of thousands of others have said it. You just have to experience Model 3 to understand it. And it is cost effective too. So what are the reasons why KBB declared Model 3 the winner.
Let’s find out all the details! Hello and welcome to our channel. In today’s video, we are going to discuss that the company is considering a significant expansion of its Fremont factory. So, make sure to watch the video till the end to know more.
Buyers will place a lot of emphasis on the upfront expense with respect to buying a new car. But beyond the sticker price, intelligent car buyers also take the long view and consider total cost of ownership. Ongoing costs like fuel, maintenance, insurance and even vehicle depreciation can vary greatly.
from one model to another. To help in-market car buyers make smarter buying decisions, Kelley’s specialist Blue Book, a Cox automotive company, today names 2022 model-year brand and category winners of the 5-Year Cost to Own Awards. These awards recognize new vehicles with the lowest estimated cost of ownership.
The initial five-year ownership period. “Shoppers can save hundreds, if not thousands, of dollars over time when they choose to buy a vehicle with a lower ownership cost,” said Janice Joel, senior manager of valuation for Kelley Blue Book. The Tesla Model 3 was recently cited by Kelley Blue Book as one of the winners in the 5-Year.
The year-long Cost of Ownership Award explores the costs associated with owning a vehicle. This includes the cost of the vehicle, maintenance costs, fuel or charging rates, any state taxes and registration fees, as well as depreciation over the 5-year ownership period of the car, among others. According to the automotive research firm, the 2022 Tesla Model 3 is leading the way.
The luxury electric vehicle segment, with a 5-year cost of $48,233. According to Kelley Blue Book, the Model 3’s 5-year cost of ownership is $16,411 less than the segment average. That’s pretty impressive, especially considering the Model 3 is Tesla’s entry-level vehicle.
today. The Model 3 was named one of the winners at the 2022 5-Year Cost of Ownership Awards by KBB. Not surprising, especially considering electric vehicles like Tesla require similar maintenance to internal combustion vehicles.
The motorized counterpart, and as part of Tesla’s ecosystem, the Model 3 has many advantages some of its competitors in the luxury electric vehicle segment do not have, such as the extremely economical and economical supercharger charges. Tesla Model 3 prices have increased in the last months.
But it’s still a pretty expensive electric car. The firm said in its 2022 Tesla Model 3 review and automotive research that part of the beauty of the Tesla Model 3 is that it is a fully electric compact.
Luxury sedans with a similar starting price point. The starting price of Model 3 is similar to Audi A4, Lexus IS. Many other traditional compact luxury sedans. It is worth noting that the price of the Model 3 may be normal soon.
Especially with the advent of innovations like Tesla’s 4680 battery. Tesla’s 4680 cells will debut in the made-in-Texas Model Y, but the company plans to expand its innovation to more vehicles in the future. Given that 4680 SAIL vehicles are designed to reduce production costs.
The Model 3 is almost certain to receive similar innovations in the future. And when it does, it will once again appear as the winner of the KBB’s 5-year cost of ownership award.The base model with an electric motor at the rear starts at $44,990 before incentives.
A mid-range variant called the Model 3 Long Range with dual-motor all-wheel drive starts at $51,990, and a higher-end version called the Model 3 Performance is available for $58,990. That’s good enough for this luxury car segment, but the Model 3’s performance has capabilities on par with more expensive vehicles, such as those listed by 0-60 mph acceleration.