ONE YEAR TESLA 3 DEPRECIATION 50%
https://www.youtube.com/watch?v=lN5c7XPfrlw
NEW CAR COST in 2022: NZ$87,000 (US$52,000)
1 YR VALUE NOW 2023: NZ$47,000 (US$28,000)
TOTAL DEPRECIATION : NZ$42,000 (US$25,000)
TOTAL DEPRECIATION 50% OVER 1 YEAR
TEN YEAR MAZDA CX-5 2.5L 2013 DEPRECIATION
https://www.trademe.co.nz/a/motors/cars/mazda/cx-5/listing/3707496828
NEW CAR COST in 2013: NZ$45,000 (US$27,000)
10 YR VALUE NOW 2023: NZ$30,000 (US$18,000)
TOTAL DEPRECIATION : NZ$15,000 (US$9,000 )
TOTAL DEPRECIATION 30% OVER 10 YEARS
After 10 YEARS THE TESLA 3 WILL BE WORTHLESS, SO THE EV PURCHASER WILL HAVE LOST A TOTAL OF NZ$87,000 or US$52,000. WHEREAS THE PETROL PURCHASER WILL HAVE LOST A TOTAL OF NZ$15,000 OR US$9,000 AND HIS VEHICLE WILL BE WORTH NZ$30,000 OR $US18,000 OR STILL FULLY TWO-THIRDS OF THE ORIGINAL PRICE!
Can somebody please tell me why, exactly, there is a worldwide flood of half wits right now going out and buying electric cars? My only answer is – INSANITY?