I’ve spent extra money on upkeep of my 2019 Tesla Mannequin 3 SR+ (Customary Vary Plus), so it’s time for one more value of possession replace.

Additionally, earlier than I get into the newest expense, I ought to notice that I made a decision to cross on the Tesla prolonged guarantee choice. I wrote about it a couple of instances and regarded the intensive suggestions from some readers, ultimately deciding to take the danger and assume I’ll spend much less within the subsequent couple of years on additional upkeep/repairs than I’d have paying for the guarantee. That in all probability means I’ll really spend extra. We’ll see!

My newest upkeep expense was windshield wiper blades. Shockingly, that is the primary time I’ve changed them in over 4 years of auto possession. (Granted, I ought to have performed so months in the past, however such is life.) They value me $23.

My whole upkeep and repair prices in my final replace was as much as $1,991.58. That makes the brand new whole $2,014.58 after 4 years and 1½ months of possession.

In case you add my down cost of $9,450.03 to that and in addition add in 4 years and one month of funds to the financial institution that financed my automotive, you get a 4-year (and one month) possession value of $42,868.22. In one other 11 months, we’d be at about $50,000. Although, I do know I want new tires quickly, want a brand new air filter, and can seemingly have some additional service prices come up.

That doesn’t actually imply the 5-year value of possession might be a bit above $50,000 anyway, although, as a result of the automotive will nonetheless be value one thing, and I’ll nonetheless have one other yr of automotive funds. In keeping with Tesla, it’s value about $20,000. So, that may put the fee a bit above $37,000 after subtracting remaining funds, or let’s imagine $7,400 a yr. However I’m not likely happy with Tesla’s estimated trade-in worth and am maintaining the Mannequin 3. Some have suggested making an attempt to promote it on the personal market to get the next resale worth, however I think about it may possibly’t be an excessive amount of greater than Tesla’s estimate and I do know that promoting that method additionally provides to the taxes I’d should pay on the sale. In any case, I all the time anticipated to maintain it for a very long time.

Protecting it for 10 years as a substitute of 5 or 6, the $46,144.08 in automotive funds plus the $9,450.03 down cost will come to $55,594.11, or $5,559.41 per yr. Upkeep and repair is at present at $503.65 a yr for me. We will’t assume that continues to be the identical for 10 years (together with out of guarantee), however if it did, that may carry the 10-year value to $60,630.61, and the yearly value to $6,063. Once more, although, that assumes the automotive has a worth of $0 after 10 years. I assume the worth might be a lot greater, and really nearer to the present trade-in worth than the unique value. We purchased a 2015 BMW i3 REx 5 years in the past for $16,000. It’s value principally the identical quantity right this moment on the used automotive market. That’s with an unique vary score of 71 miles and a small gasoline tank.

So, we’ll see, however one factor is for certain — I count on the Mannequin 3 resale worth in 2029 to be adequate that the 10-year value of possession is nicely beneath $60,000. For now, although, I’ll simply proceed monitoring service & upkeep prices.