USA TODAY International Edition
SHOULD YOU BUY ELON MUSK’S FIRST MASS- MARKET ELECTRIC CAR?
With its affordable price and long range, it’s a serious contender for families
The Tesla Model 3 electric sedan’s long- awaited release in July poses a novel question to motorists: Has the time finally come to consider ditching the gas pump in favor of a plug?
Until the Model 3 and General Motors’ Chevrolet Bolt electric car, that question was irrelevant to most because there were no long- range, battery- powered vehicles with a price anywhere near the industry’s mainstream cars.
Tesla’s first electric vehicles were the Model S sedan and Model X crossover, but those ultra- luxury offerings can cost more than $ 100,000.
But the Model 3 starts at $ 35,000 before a $ 7,500 tax credit and travels at least 215 miles on a single battery charge, making the compact sedan a serious option for many families.
Tesla and CEO Elon Musk have released few details about technical specifications, interior design and financing options, and the company declined to comment for this story. But many of the factors to consider already are well known about the Model 3, which will reach a few customers later this month before manufacturing quickly accelerates later this year.
One important factor is lack of availability. If you haven’t already placed a refundable $ 1,000 deposit, it will take at least a year to get the Model 3.
That’s because the company received nearly 400,000 refundable deposits, and those people are first in line to buy the car when it’s available. The Model S, by contrast, arrives within 30 to 60 days after ordering.
“If you’re in the market for a new car now, can you wait another year or 18 months? You’ve got to give some thought to that,” said David Bennett, manager of automotive programs and car- buying expert for AAA. “Anytime you’re buying a car, are you expecting any life
changes within the next year, three, five years? And if so, you want to plan ahead thinking of those.”
Here are several key things to keep in mind when deciding whether to place an order. uYou can buy the car on
line or at a Tesla store. Tesla does not operate traditional car dealerships. Instead, the company sells vehicles directly to consumers. You can customize your car on the website or in the store with help from a Tesla employee.
uThere’s no haggling. There’s no negotiating on price. It’s fixed. But few people will pay only $ 35,000 because optional features are expected to add costs. “What I tell people is don’t think $ 35,000 is all you need to buy the car,” Kelley Blue Book executive publisher Karl Brauer said. “That’s the base price. If you want more options, it will go up from there.”
uMake sure you under
stand the tax break. Many buyers will qualify for the $ 7,500 federal tax credit on electric cars and possibly state incentives, such as credits available in Cali-
fornia. But it’s important to understand that you must pay the full price up front. The tax benefits come on your next return.
uBudget for the insurance
and consider gas savings. Bennett said many new- car buyers forget that their new vehicle will likely be more expensive to insure than their older model. uConsider your service op
tions. The automaker is adding 100 new service centers and 350 new mobile vans to provide service where owners are living or working. But Brauer warned that many Americans live far from service centers and may not be easily reachable by mobile technicians. For now, the company has no service centers in about half of the states.
uDon’t forget you’ll have to pay to use Tesla’s charging
network. Charging up at Tesla’s growing network of thousands of supercharging units throughout the country will cost per use.
Most Model S owners can charge for free. Anyone who charges at home will pay the cost of locally generated electricity. uInitial quality might be lacking. Tesla has acknowledged missteps in early manufacturing processes, including with the Model X, which the company said “has been fairly criticized” for the “production quality and field reliability.”
With the Model 3, Tesla is “shortcutting the durability and quality testing” procedures that typical manufacturers carry out, Brauer said. Instead, the company is conducting digital tests.
“There’s potential issues there,” Brauer said. uIt will get you most
places on a single charge. The Model 3’ s battery allows the vehicle to travel about 215 miles, though actual performance varies based on driving patterns and weather.
That’s about double the mileage of the Nissan Leaf electric vehicle, which starts at $ 30,680. It’s short of the Chevrolet Bolt’s 238 miles. uThe Model S is more lux
urious. Tesla has taken steps to differentiate the two vehicles.
The Model 3’ s trunk opens manually, while the Model S gets a powered rear liftgate. The Model 3 has one 15- inch center touchscreen console, while the Model S gets a 17- inch touchscreen console and a digital instrument panel. The Model S has a highefficiency particulate air filtration system, sophisticated suspension design, “auto- presenting” door handles and optional 21- inch performance wheels. The Model 3 does not have any of those features.
“Don’t think $ 35,000 is all you need to buy the car. That’s the base price. If you want more options, it will go up from there.” Karl Brauer, Kelley Blue Book