Do Teslas Really Help Save Money?

All electric, fast, and lots of luxury bells and whistles. That describes Tesla’s overall mantra. But do you really save money on an all-electric vehicle? The answer might surprise you.

The Base Cost

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Before 2017, buying one of Tesla’s three available models was in the high five-figure range, and well into the six-figure range if you added some options. In 2017, Tesla added the Model 3. With a starting price of $35,000, suddenly the money-saving ratio of driving a Tesla got a whole lot better.

Unfortunately, Tesla is way behind on delivering these cars, so if you plan on buying one, expect a 12-18 month waiting period before yours is sitting in your driveway.

Tax Rebates

The federal government would like to encourage you to save the environment and to do it, they are offering everyone’s favorite incentive, cash. If you buy a Tesla, or any other hybrid or all-electric vehicle, you will get a $7500 tax refund.

Washington D.C. and several other states also offer tax rebates. Check with your state to see if you might qualify for some extra cash in your pocket after you buy your Tesla.

Gas Savings

This is one of the biggest money savers when it comes to Tesla. Results will vary depending on where you live, but according to Tesla’s charging calculator, a 300-mile charge will save you around $25. If you live in California you can apply for a reduced electric rate to charge your car. In some cases, this can save you 40 – 50 percent of the standard electric rate.

Maintenance Costs

How many times will you need to change the oil in your Tesla? None. Tesla’s all-electric motor has less moving parts, and oil changes are not required. This means the maintenance costs for your Tesla will be much less than a car with an internal combustion engine. Tesla does offer a yearly service package for $600. Compare that with Triple AAA’s average maintenance cost of a sedan of around $750, and you are still saving money.

A Few Hidden Costs

Driving a Tesla does save money over time, but there are a few other costs you need to be aware of before you order your new ride.

- A charging station. While all Tesla’s come with a wall converter plug, Tesla says the charging station will charge the batteries faster. The purchase price of the charging station is around $1000, and then you will probably have to pay someone to install it.

- The battery. The battery in your Tesla is warrantied for eight years, after that the cost falls to you. A new battery will cost you around $10,000 dollars. You might want to trade in your Tesla before you hit that eight-year mark.

- Faster depreciation. Electric vehicles are known to have very low resale values. In some cases as low as ten percent of their purchase price after just five years.

Driving a Tesla is an experience all its own. High-end luxury, speed, and saving the environment all wrapped up in one package. Will driving the car save you money? When comparing it to a high-end gas model, the short answer is yes.

Four Good Winter Cars for D.C.

Driving in Washington, D.C. is tough in the best of weather. Add in some snow or ice and driving becomes downright treacherous. You might remember the Snowmageddon event in 2010 when nearly two feet of snow fell in the D.C. area, shutting down the city and making travel a nightmare. Thankfully Washington, D.C. doesn’t get big snowstorms to often, but winter driving can still be a challenge. These four cars can make your winter commute in D.C. a little safer and a little more comfortable.

Subaru Outback

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Image via Flickr by Simonov

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5 Reasons the Porsche Macan is the Perfect Car for D.C. Drivers

The Porsche Macan is a luxury crossover SUV that offers plenty of style and performance. If you’re looking for a new vehicle that can enhance your driving experience around Washington, D.C., discover the top reasons the Macan is the vehicle for you.

Plenty of Transport Options

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Image via Flickr by Danny Galvez

If you plan on loading up the family for a getaway outside the city, the Porsche Macan can comfortably seat up to five people. Plus, the large luggage compartment makes it easy to bring along suitcases for everyone. If you plan on bringing some extra toys during your trip, the available roof rails offer a sleek look that can carry up to 220 pounds. For even bigger toys, the Macan can also tow up to 4,409 pounds when you include the optional towing package.

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Why The Mercedes-Benz AMG GT R is a 2018 Game Changer

Since 2007, the AMG badge on a Mercedes-Benz has been a symbol of performance excellence, speed, and agility that you won’t find in other European luxury cars. While the subsidiary has pumped out some of the most acclaimed vehicles over the past decade, the company may have hit their stride with the 2018 Mercedes-Benz AMG GT R. A track-worthy street racer, the GT R blends impeccable design with a muscular engine for a sports car unlike any other. In a town like Washington, D.C., where status speaks, the GT R will have you at the top of your game.

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The 2018 Range Rover SVAutobiography Is Like Your Home on Four Wheels

Washington, D.C., is the home of politics, lobbyists, and status symbols. In some cases, the bigger you appear, the more seriously others will take you. While dressing to the nines and living in a nice home are a start, you need a vehicle that fits the mold as well. That vehicle is the 2018 Range Rover SVAutobiography. Refreshed, upgraded, and filled with luxury at its finest, the SVAutobiography is the most expensive and most opulent Range Rover of all time.

Performance and Efficiency

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The 2018 SVAutobiography features two engine options, and whether you want insane power or to save the planet, you have both options. The standard engine is a face-melting 5.0-liter supercharged V-8 that pumps out 557 horsepower and up to 516 pound-feet of torque. When you put your foot to the floor, the SVAutobiography realistically mimics a roller coaster, pushing your head back into the seat as it goes from zero to 60 in just 5.2 seconds.

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Looking Forward to the 2019 Mercedes-Benz CLS

Style, opulence, and power are the three conspicuous traits of the Mercedes-Benz CLS, but the 2019 edition looks poised to take the luxury sedan market by storm. It’s all-new for this year, adding tech from the S-Class, upgrading the engine, and putting some fresh touches on the beauty the CLS has possessed for over 15 years. Mercedes-Benz fans should revel in this new offering, a tantalizing preview at the future of the company and a glimpse at what’s made the German automaker the brand to own for over 90 years.

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Why Rolls Will Never Go Hybrid (Or Autonomous)

Most of the world’s automakers are pursuing two goals: self-driving vehicles and hybrid-electric powertrains. But Rolls-Royce is not and has never been like most automakers. Is Rolls-Royce looking to build autonomous cars? Maybe it already is. “We’re the world’s oldest autonomous brand,” says head designer Giles Taylor. Most of their clients have chauffeurs and are not looking for a self-driving machine. Rolls-Royce CEO Torsten Müller-Otvös said no client has yet asked him,”Torsten, when is the autonomous Rolls-Royce coming?”

Perfect, Not Emerging, Technology

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It’s not that Rolls-Royce isn’t interested in the most advanced technology. Their vehicles have always been cutting edge, from the seamless integration of infotainment to the finest in fit and finish. But their clients don’t want the stepping stones. They want the destination. (more…)

Go All-Out With the AWD 2018 BMW M5

According to a recent article by Washington’s Top News, residents say that driving in Washington, D.C. is one of the biggest challenges of living in the area. If you’re going to have to spend hours sitting on the highway, you might as well enjoy the experience in the all-wheel drive 2018 BMW M5.

All-Wheel Drive Is All-New for 2018

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BMW’s 2018 M5 is getting its first all-wheel drive sports sedan after five generations of strictly rear-wheel-drive models. This new M5 is quicker and more powerful, (more…)