~450,000 US Luxury Car Buyers A Year Are Lost
Credit to Author: Zachary Shahan| Date: Mon, 23 Sep 2019 23:01:37 +0000
I wrote the other day about how crazy it is that there are still tens of thousands of Americans buying Toyota Camrys and Honda Accords month after month. Amidst the hundreds of thousands of views on that story, some people griped that the purchase price of a Model 3 is considerably higher than the purchase price of an Accord or Camry. A point I alluded to repeatedly is that the Model 3, despite a higher purchase price, may well have a lower 5 year cost of ownership than an Accord or Camry for many people. Yes, I’m sure there are some Accord and Camry buyers who couldn’t get financing for the ~$39,000 base price of a Model 3, but there are certainly many other Accord and Camry buyers who could quality for financing for a Tesla Model 3 — and then would reap financial savings over time while enjoying a much better car. But that’s all moot for the focus of this article — luxury cars