Yes we ALL got the I Pace because it’s a sound economic choice...

>:grin2:

 

Yes we ALL got the I Pace because it’s a sound economic choice...

[img= class=inlineimg]https://www.i-paceforum.com/forum/images/I-PaceForum/smilies/tango_face_devil.png[/img][img= class=inlineimg]https://www.i-paceforum.com/forum/images/I-PaceForum/smilies/tango_face_grin.png[/img]

Yep - that's how I roll. A lot of justification for these sound economic choices. I learned that from my wife - she's an expert.

 

The I-Pace costs me stress, as in my stress melts away.

It costs me time, as in the time to tell people what it is.

It costs me discomfort too and impatience.

Oh yeah, and money.

 

Low cost would be a five year used Corolla. They would still ask why you drive it.

Ask the boss when the company will be getting on the program and installing charging stations.....

 

So hopefully saving about $300 a month depending on what maintenance costs on the I-pace. I'm still justifying the cost of this car to my boss/wife.

The economics sound so much better with low priced hydroelectric power, and heavily taxed gas prices. Those of us in the US are jealous. ?
That said I was anticipating a similar argument with "the boss", justifying $70k vs her $55k BMW. I asked her to test drive the I-Pace, and we ended up walking out of the dealership with an FE based on the driving experience and the quality.

 

My Chargepoint charger tells me I'm getting, on a cost basis, the equivalent of 70 mpg. In fact, because I have a 10kw solar array, I'm driving for free.

 

Don't kid yourself that there is any savings driving an I-Pace. My $86,000 MSRP vehicle got an offer from Carmax for $55,000 after only 1500 miles. I could buy 12,400 gallons of gas which would take me 300,000 miles for that!

 

Here's an interesting perspective on this whole discussion,


https://www.fool.com/investing/international/2019/12/12/why-this-tesla-data-point-could-change-the-chinese.aspx


Every car I have owned prior to the I-Pace, I have kept until the motor/transmission was failing at 150-200K miles. Using that logic and hoping for 300K miles I will be a happy camper.

 

Yeah - I'm curious to see what these cars will sell at end of lease. I have a lease residual of 48% after 3 years on a 2020, but I'm suspecting that you will be able to get it for a lot less - will see.

The dealer here had an used 1st edition grey with 4k on it. It was listed for $99k. They discounted it down to $90K - Canadian $. Didn't seem like a good deal as new 2020 HSE were only about $10k more - though there is also freight/PDI that isn't part of used car pricing. I think you can get remaining 2019 1st editions < $100k pretty easily.

 

My car is a 2019, lease of 36/12k with a residual of 42% on a November lease.
In October, it was a 45% residual

$55k is the right price for this car when looking at wholesale numbers

 

Honestly almost all cars are depreciating assets, the more expensive the larger the hit. This seems to be even more dramatic with BEVs, although the first few generations were much worse (I believe) that will be the ones that actually are great daily cars (like I Pace). If retained value is the most important aspect there are many sensible cars that retain their value best, and regardless of gas mileage and running cost they will cost the least overall over x years than almost any luxury car.

So I took this thread more as a light hearted inside joke, that we can “justify” the cost by the “savings.” I for one will happily trade the financial hit for the joy of the car and my love of EVs. I just eat less every day now to help pay for it!

 

Completely agree - If I wanted to save $ and do something better for the planet/our species I would have just ridden my bike more and/or bought a Kona electric. I've read it's a very good car and did consider it. You can buy 2 for the price of the I-pace. Can anyone really justify a $100k car?

 

Truth is we all make many decisions that are not optimal, personally or for the greater good. I know I’m a hypocrite in many ways. I just try to balance it all out and I’m sure I fail. Am I making excuses? Sure. But I’m not going to pretend I’m doing great!

And I AM a socialist in the actual sense of the word, so mock me as you please!

I’ll use the hedonism defense.

 

I looked at it as a need to replace other aging vehicles I have.
One in a constant state of repair, and two that are getting harder to get parts for.

Plunking down the money at one location instead of contributions at numerous websites and buckets was easier to fund:
- Feeding the people at the dealership
- Feeding the people who provide the electricity to the dealership
- Feeding the people who deliver parts to the dealership
- Feeding the people who did all the transportation of the vehicle from the factory to the dealer
- Feeding the people who built the car
- Feeding the people who designed the car
- Feeding the people who provided all the raw materials
- Feeding the people who built the facilities to make the vehicle
- Feeding the people who built the dealership
- Feeding the people who provided the electricity to feed the robots that built the vehicle
- Feeding the people who designed all the forms that had to be filled out
- Feeding the people who process all the forms that had to be filled out
- Feeding the computers with electricity so I can get the tax credit next year
- Feeding the executives who oversaw all the above

Thus I was justified in making room at the dealership for them to get another and enable someone else to share the experience of feeding so many.

 

Oh yes, getting a luxury car is definitely an altruistic act. /s

 

Interesting I am surprised per mile cost is as high as ICE, it really shouldn’t be....

 

It's good to know the cost of owning or driving a particular vehicle, but it's really a trap to use cost of ownership as the justification for buying a given model. You might use cost of ownership as a tie-breaker between vehicles that you would otherwise rate as desirable. In the end, you make the purchase for very personal reasons. In my case, I never thought I'd pay more that $45K for a car as I normally look at cars as utilitarian. Then the I-Pace came out and it punched all the right buttons and Voila, I'm in a "Luxury" car. I'm just happy that it is electric, I can run it cheaply from my home electricity, and very few maintenance costs outside of normal consumables. A fully loaded Camry Hybrid would likely have much better Total Cost of Ownership over 5 to 7 years (haven't done the math), but I don't think I would enjoy it as much.