What to Know Before Buying a Tesla?

Electric vehicles are becoming increasingly popular, and Tesla stands out as a leader in this market. Many potential buyers are interested in a Tesla due to its innovative features, sleek design, and environmentally friendly nature. With so many people interested in purchasing a Tesla, it’s important to know some key factors before buying a Tesla.

Several considerations must be remembered, from charging needs to service centers. This article will provide essential insights that every potential Tesla owner should know.

Here are the things you should know before getting a Tesla.

1) Cost Considerations

Before buying a Tesla, you should consider the cost factors of ownership, including the initial purchase price and ongoing maintenance costs.

Initial Purchase Price

The initial purchase price of a Tesla varies significantly based on the model. For instance, the Model 3 is Tesla’s most affordable option, starting just above $40,000, whereas the Model S, a premium option, can easily cost more than double that amount.

In addition to the base price, buyers often add various options such as Autopilot, full self-driving capabilities, or premium interior features. These upgrades can significantly increase the final price. Additionally, some regions provide tax incentives or rebates for electric vehicle purchases, which can lower the overall cost.

Maintenance Costs

Tesla vehicles typically have lower maintenance costs compared to traditional gas-powered cars. The absence of an internal combustion engine reduces the need for regular oil changes, and the regenerative braking system can extend the lifespan of brake pads.

However, some maintenance aspects are still necessary. Battery care is crucial. Tesla recommends charging the battery between 20% and 80% to maximize its lifespan, affecting long-term maintenance expenses.

On average, it costs about 28 cents per kWh to charge, translating to roughly $15 for a full charge. Tire rotation, brake fluid replacement, and other minor services are required regularly to ensure optimal performance.

Read Why Is Tesla Registration So Expensive?

2) Range and Charging Options

Battery life and charging are critical aspects when considering a Tesla. Factors like range, home charging options, and access to the Supercharger network can impact the overall ownership experience.

Range

Tesla’s range varies between models. The Model S Long Range can travel up to 405 miles on a single charge, making it one of the longest-range electric vehicles available. The Model 3 Long Range offers around 358 miles per charge, while the Model Y Long Range provides approximately 330 miles.

Here is the Tesla’s range for different models:

Model	Range (miles)
Model S Long Range	405
Model 3 Long Range	358
Model Y Long Range	330

Cold weather can reduce battery performance. Additionally, driving habits, like high-speed driving or frequent acceleration, can decrease the range. Regular software updates from Tesla can also influence range, as improvements are continuously made to optimize battery usage.

Home Charging Solutions

Charging at home is a convenient way to keep a Tesla ready for use. Tesla recommends installing a Wall Connector for faster home charging. This device can charge a Tesla at up to 44 miles of range per hour.

Home charging can be done using a standard outlet, but it’s significantly slower, providing just a few miles of range per hour. Upgrading electrical service to handle a Wall Connector can be an additional cost, typically ranging from a few hundred to a few thousand dollars, depending on the home’s setup.

Supercharger Network

Tesla’s Supercharger network is extensive, providing fast-charging options across many regions. Superchargers can charge a Tesla battery to 80% in about 30 minutes, making long-distance travel feasible. This network is strategically placed along major highways and urban centers to ensure minimal driver downtime.

Tesla owners can use the in-car navigation system to locate Supercharger stations, often including nearby amenities like restrooms and food options. This network is a significant advantage, reducing the range anxiety commonly associated with electric vehicle ownership.

Concerns about range anxiety have been significantly mitigated due to Tesla’s extensive charging infrastructure and innovations. Tesla ensures multiple charging options, helping drivers feel confident traveling without interruptions.

3) Autopilot and Full Self-Driving Capabilities

Tesla vehicles come equipped with Autopilot, a feature that assists driving on the highway. Autopilot can steer, accelerate, and brake for other vehicles and pedestrians within its lane. It’s a standard feature in Tesla Model 3, Model S, and Model X models.

The Full Self-Driving (FSD) capability offers additional features that enhance the driving experience. FSD includes functions such as Navigate on Autopilot, which guides the vehicle from a highway’s on-ramp to the off-ramp. This feature suggests lane changes, navigates interchanges, and automatically takes the correct exit.

Enhanced Autopilot is another option available for Tesla drivers. It adds features like automatic parking and costs around $6,000. This package helps the car park independently and automates some driving tasks, providing a more hands-free experience.

FSD also comes with additional perks, such as Summon, which allows the vehicle to park and come to you from across a parking lot. This feature is particularly useful in crowded areas where finding a parking spot can be challenging.

Another FSD capability is Traffic Light and Stop Sign Control. This feature enables the car to recognize and respond to traffic lights and stop signs by slowing down or stopping as needed, helping create a safer driving environment in city conditions.

You should know the costs are crucial when considering these packages. The price for the Full Self-Driving package is $10,000. It is a significant investment but provides a comprehensive set of features that make driving more comfortable and safer.

Examining different packages and their costs is essential for those considering purchasing these capabilities. Enhanced Autopilot and Full Self-Driving offer various options to cater to different needs and budgets.

Read Why Are Tesla Electric Cars Good for the Environment?

4) Interior Features and Options

Tesla vehicles are well known for their modern, minimalistic interiors. The centerpiece is the large, central touchscreen display, which handles most functions, including navigation, media, and climate control.

The seats are made from high-quality vegan leather, which is both comfortable and environmentally friendly. Most models offer heated seats as standard, and higher trims include ventilated seats.

Interior lighting is customizable. It allows the driver to change the color and brightness to suit their mood. The panoramic glass roof lets in plenty of natural light, giving the cabin a spacious feel.

For music lovers, Tesla provides premium audio systems. These are custom-engineered to create an immersive listening experience. Some models come with 22 speakers and active noise cancellation for clear sound.

There is also ample storage space. The center console includes multiple compartments and cup holders. A large trunk and a front trunk, or “frunk,” for additional storage are also available.

For drivers who want extra comfort, there are options like heated steering wheels, automatic climate control, and advanced air filtration systems. These features enhance the driving experience, especially on long trips.

Tesla’s interiors are designed with safety in mind. There are airbags, reinforced cabin structures, and driver assistance features like adaptive cruise control and lane-keeping assist.

5) Warranty and Maintenance Costs

When considering a Tesla, it is important to consider the warranty and maintenance costs. Tesla offers different warranties for its vehicles. For instance, the Wall Connectors have a 4-year warranty for personal use, while the touchscreen and Media Control Unit have a 2-year or 25,000-mile warranty, whichever comes first.

Maintenance costs for Teslas can also vary. Tesla’s maintenance costs are estimated to be around $4,160 for the first five years of ownership. This amount covers regular maintenance, not unexpected repairs. Due to the unique technology in electric vehicles, these costs might be higher compared to traditional gas-powered cars.

The Tesla Model Y has a maintenance cost estimate for 100,000 miles that ranges between $8,250 and $15,000, depending on the trim. This estimate does not include additional repairs that might be needed over time.

Electric cars often have higher insurance premiums. This is mainly due to the higher price tags and complex equipment that can be more expensive to repair or replace in an accident. Budgeting for potentially higher insurance costs when considering a Tesla is wise.

6) Resale Value

Tesla’s resale value is known to be strong among electric vehicles and luxury brands. The durability and appeal of Tesla models contribute to their high resale value, making them a good investment.

Used Teslas often retain their value well due to their performance and advanced technology. This includes hardware like battery systems known for their long lifespan.

The brand’s reputation for innovation and quality also plays a role. Buyers of used Teslas can expect advanced features even in older models, which helps maintain their value.

CarEdge says luxury brands like Acura (86.29%) have excellent five-year resale value among luxury cars. Tesla benefits from similar acclaim, reflecting its strong position in the market.

Tesla owners might find their vehicles retain value better than other electric vehicles. The demand for electric cars is growing, and Tesla is a leader in this industry, which boosts their resale market.

Models like the Tesla Model 3 and Model Y are particularly popular choices. It’s common to see these vehicles holding their value well in the used car market.

Even older models like the Tesla Roadster hold a significant amount of their initial value. This makes purchasing a Tesla a relatively safe financial decision for those who might sell the car later.

Consumers interested in a Tesla should consider this factor. The high resale value can offset the initial high purchase price, making them more affordable over the long term.

Buying a used Tesla can also be more cost-effective. It allows buyers to enjoy the benefits and technology of Tesla vehicles without the full cost of a new car.

7) Supercharger Network

Tesla’s Supercharger network is a key feature for owners of Tesla vehicles. As of March 2024, there are more than 2,234 Supercharger stations across the United States.

These Superchargers provide a fast and convenient way to charge Tesla vehicles. Most stations can add up to 200 miles of range in just 15 minutes, making long-distance travel more feasible and reducing the worry of running out of charge.

Using a Supercharger is simple. There’s no need to swipe a credit card; charging starts automatically when the car is plugged in. Drivers can monitor their charge status in real-time through the Tesla app or the car’s display screen.

Tesla is continuously expanding its network. They are installing more stations along popular routes, making it easier to find a Supercharger no matter where you are heading. For business owners, there’s also the option to apply to install a Supercharger at their property.

One important feature is the “plug and charge” capability. This allows Tesla cars to connect and begin charging without extra steps automatically. It is still uncertain if this feature will work with other brands’ vehicles when Tesla’s network opens to non-Tesla cars later this year.

Another factor to consider is the cost. While some Tesla models come with free Supercharging for life, others do not. Pricing can be complex and vary by location and time.

The Tesla Supercharger network offers significant benefits for Tesla owners, from rapid charging times to ease of use. It is a major selling point for anyone considering buying a Tesla.

8) Software Updates

Owning a Tesla means you’ll need to keep up with regular software updates. These updates often add new features and improve the overall performance of the vehicle.

Tesla vehicles automatically download updates when they’re available. An alert will appear in the Tesla app to notify the owner about a new software version.

Tap ‘Controls’ > ‘Software’ to install an update on the vehicle’s touchscreen. If an update is available, tap ‘Update available’ to begin the scheduling process.

Some updates can be immediate, while others allow scheduling for a later time. You can tap the clock icon to change the scheduled time.

Initiating updates within the Tesla app ensures convenience no matter where you are.

Tesla offers two update preferences: Advanced and Standard. Advanced gives access to new features and improvements faster.

While updating, ensure the car is parked and has a strong Wi-Fi connection. The installation may take 25-30 minutes.

In rare cases, resetting the system by holding the two scroll wheels on the steering wheel may be required. This helps resolve any update issues.

9) Battery Life and Longevity

Tesla batteries are designed to last a significant amount of time. According to Tesla’s 2021 impact report, they are built to last the life of the vehicle. They estimate this to be around 200,000 miles in the U.S. and 150,000 miles in Europe.

Tesla offers an eight-year or 150,000-mile warranty for Model S and X, whichever comes first. The Model 3 Long Range, Model Y, and Performance versions also have an eight-year warranty. These warranties help provide peace of mind to Tesla owners when considering battery longevity.

Elon Musk has mentioned that the Model 3 drive unit and body is designed for a million-mile life. He also mentioned that current battery modules should last between 300,000 to 500,000 miles. This is an impressive range compared to many other electric vehicles.

Tesla’s commitment to battery longevity means fewer replacements and lower maintenance costs. The advanced technology used in Tesla batteries helps maintain their performance even after several years of usage.

Tesla also has a network of Superchargers that supports long-distance travel. This network significantly reduces concerns about battery life during extended trips. The convenience and efficiency of rapid charging can help maintain the battery’s longevity with proper usage.

Factors such as driving habits and environmental conditions can impact battery life. Regular maintenance and following Tesla’s guidelines can ensure the battery remains in good condition for many years.

10) Financing and Incentives

Tesla provides several financing options for its cars. Buyers can choose between loans and leases. Tesla often has promotions, like a recent offer of a 0.99% APR loan rate for the Model Y. Such offers can make purchasing a Tesla easier.

Leasing a Tesla is another option. Leasing may suit those who like to switch cars every few years. It typically involves lower monthly payments compared to buying.

Various incentives are also available for purchasing an electric vehicle. Different states offer different incentives. For example, the State of Minnesota offers a rebate of up to $2,500 for a new electric vehicle. These incentives can significantly reduce the overall cost of the car.

Tesla buyers should also be aware of federal tax credits. Depending on the model, buyers might qualify for these credits, lowering the cost. Checking if the specific Tesla model qualifies for any available federal or state incentives is crucial.

Tesla offers an in-house financing option through its website. This process includes filling out an online application and receiving a financing decision quickly. Buyers can choose a payment plan that suits their budget from the options provided.

Thus, understanding the various financing options and incentives can save buyers money. Take advantage of promotions, rebates, and tax credits to make owning a Tesla more affordable. Evaluating leasing and purchasing options can help make the best financial decision.

11) Delivery Time

Getting your Tesla delivered can take some time. Delivery times can vary based on the model you choose. New inventory could be available faster than custom orders.

The time of year also plays a role. Some periods are busier for Tesla, leading to wait times longer. Factors within Tesla, such as production schedules, can also affect delivery timelines.

Before your car arrives, there are pre-delivery tasks to complete. Make sure your documents are ready and uploaded as required. This can help speed up the process.

Always inspect the car upon delivery. Tesla is a young company, and sometimes, there are fit and finish issues. Checking the vehicle on the spot can ensure everything is in order. This Tesla delivery guide offers valuable tips about delivery.

Remember to check for contract documentation. Having everything prepared will make the process smoother. If you ever feel uncertain, the Tesla app provides updates and guidance during the waiting period.

Sometimes, Tesla may contact you for additional information. Responding promptly can prevent delays. Stay in touch with your delivery advisor for the latest information.

Finally, patience is key. Despite potential delays, many find the wait worth it for the experience and innovation that come with owning a Tesla.

Conclusion

Buying a Tesla can be a transformative experience for many. It’s important to understand several key factors.

Cost: High upfront costs are common with Teslas, and insurance premiums may also be higher due to the unique aspects of electric vehicles.

Battery Management: Proper battery care can extend the life of the vehicle. Tesla advises keeping the battery charged between 20% and 80%.

Performance in Cold Weather: These cars may not perform best in cold climates as the battery can drain faster.

Delivery Issues: Tesla deliveries can vary by state due to different regulations. For example, in Texas, the car might need to be shipped out of state before it arrives.

Charging Costs: Charging costs depend on local electricity rates and driving habits. On average, it costs about $0.28 per kWh, translating to around $15 for a full charge.

I hope this guide will help you to check out a few things before buying a Tesla.

You may also like: