AndysComputer
Well-Known Member
It’s more nuanced than that. And nothing has limitless value no matter how great it is.Oh, I was assuming the current tax-creditless deal when I said I'd definitely buy again. Of course, if that's my attitude, it doesn't really matter that I didn't understand you were assuming the cost with the $7,500 tax credit.
I find it interesting that some people who chose the MINI Cooper SE based on price alone were lucky to get such a great car, but after driving this great car they don't like it enough to consider it worth paying more than they did.
My wife wanted the Mini as she wanted a small, 2 door car with great styling. If there had been no rebates I likely would have bought her a base gas Mini as she doesn’t do enough miles for fuel costs to be an issue and she doesn’t care about performance. That would have been $24k but we could get the SE for $20k so it was a no brainer. At $30k with no rebates I probably would have gone with the SE anyway just because I would prefer we went electric but that was because there were no other EV options at that price anyway apart from a Leaf which i refuse to buy due to its battery not liking hot temperatures when we live in Texas…
But now you can get a Chevy Bolt for $27k which has more doors than she wants and in her opinion is ugly, but I would have easily talked her around vs $34k for an SE. $7k more for half the range and less utility plus likely worse residuals for those very reasons. And that’s before we consider any rebates, which would possibly be $2.5k from the State and who knows at the federal level. Even if only half the federal rebate that means the Bolt becomes basically $20.5k. Vs $34k for the Mini. Again, not happening.
I like the Mini, it’s a great car but there is a limit to what I’m prepared to pay for what I’m getting. Fun factor does not equate to a blank check.
I also highly rate our Tesla especially as a road tripping EV, but I paid $53k for it, no rebates. But if I had to pay the same effective price increase as the Mini, it would equate to $90k and despite its efficiency, performance and charging network benefits over its rivals at $55k, I wouldn’t pay it. The price exceeds the value in the market.