Regrets buying my Nissan LEAF EV

I wish I could have bought a Tesla.

I’m still super-glad that I switched from an ICE (Internal Combustion Engine) car to an EV.   I do get a little twinge when I see a Prius Prime plug-in-hybrid, however, I have to go back to the big deciding factor:

$300/month.

Yep.  That was the number.   I couldn’t do it with my initial reservation .. maybe I could have done it with the 2019 base Model 3, however, I love technology, and … that would not have been honest with myself.   At least the technology package and AP2, which brings that up to $43k.

However, before I get too far in to my pity party, I need to review:

ICE Car Used Leaf in my Price Range My future Tesla
No Gas!
ditto
Super quiet + Jet engine sounds
ditto
Nice acceleration
Even better acceleration by the numbers
Remote start A/C and Heater
including a timed heater start in the garage because no emissions.               
ditto
All-Around-View Camera
Could happen
Inexpensive maintenance
– no oil changes, etc.  Service every 18k miles.
ditto, except about $600/y with prepay options.
Prius got to 15 cents per mile. Inexpensive per-mile costs
– 3 cents per mile
ditto
Many inexpensive ICE cars available. Reasonable Car Cost
– 28 cents per mile (assuming 60k miles payoff)
Not there yet.  Best I could do was around $1/mi at the moment.
Can fit many things Awkward, can’t really fit all the stuff that I could fit in a Prius. I hear its better.
Easy around-town range as long as you visit your gas station 85mi is almost enough. Almost.  There are chargers that make things better. Much better ranges
Long Distance Travel. Not in the Midwest. I can perhaps get to Cincinnati, if I go at 60mph. Superior infrastructure and range.

To be fair, the newer Nissan Leaf had a better range, which solves some of the problems, and if I had done a lease, I could have gotten as low as $300/mo.   However, there’s another angle – I wanted to experience the frustration of a short range EV. So that I have a realistic sense of what was possible/what is not, so I can point people at stuff that’s even better than what I have.

How close till my future Tesla?

If I back track the $ trail – lets say $400/mo (car payment, I’m not adding the $90 in gas that I don’t pay anymore) – at 3.5% APY that gets me to around $21k.   How long till a used Tesla gets down to $21k?

If you go to https://www.cargurus.com/Cars/price-trends/Tesla-Model-S-d2039 and play with the dates, I can currently find this chart:

image

See that little rise at the end?    Annoying.   And, It seems to take about 3 years to drop .. about 40%.  Also note they have no info on price trends for model 3’s and model X’s.

Another tracker:  Used car listings on carguru.com showed the cheapest model three at $51k.

Another tracker:  Used car listings on Carmax … only show Model S’s, and they are way more expensive than the used cars at Tesla.com.

Another track would be a much larger car payment, but .. that’s not something I’m willing to bet 5 years of cash flow on right now.

Its safe to say .. not soon.

So here I am.  I DO love that I’m driving an EV;  Yes, its a bit hard and clunky in some ways; but give it a few years or so (time goes by faster as I get older) and lets see.

Life stuff leads to Leaf EV

Life has been in flux since the end of March.  I thought I’d take April off and recharge, but life had other plans.  In very short order:

  • Death of a human family member in my extended family
  • Death of our canine family member in my immediate family
  • Death of a Prius via large Pothole and frame damage

Not going to dwell there.  However, the last one is launching me in the following directions:

  • Purchase of an EV to replace the Prius

This LEAFS me in a bind.  the EV thing is huge.  Do I blog about it? Do I tweet about it?  Does anybody care?  Do I just tell my friends?    Should I vlog?  ???

I’ve started a thread on Facebook – on a photo – where I’m taking questions.   https://www.facebook.com/photo.php?fbid=10156221680033444  .. if you have any questions, please feel free to ask there, leaf a comment comment here, or  tweet at me @sunjeevgulati.

I’ve got a spreadsheet going where I’m keeping track of charge-times and distances travelled.  I’m sure there will be a blog post on that later.

Overall, the map of what I’ve learned so far, thanks to draw.io.  Green = specific to me.  If you’re buying a LEAF, you will learn what these things are.

LEAF information

Gah, found a bug.  “S” Trimlevel also has a 3.3 Kwh charger.  And note, these are all pre-2018 LEAF’s.. they seriously upgraded in 2018.  Used price on those isn’t low enough yet, I needed a car payment under $300, which is also why no Tesla Model 3 Smile 

Enough for now.

Selling and Buying a Car in Louisville

For the last week I’ve been doing a lot of Car Analyses.  Some of it was trying to figure out how to judge one car over another;  another was visiting my history of cars, and determining satisfaction, and pinpointing my motives.  This is what I’ve figured out;  I’ll start with the most useful first:

My Experiences with Places to Sell or Buy a Car in Louisville

CarMax Will usually buy at the bottom end of KBB trade in value, unless <= 50k, then gives a decent price Will sell at above KBB Value.  *

* = better quality cars than we’ve bought anywhere else.

Cottage Car Sales Cottage Car Sales Better buy value than CarMax Sells at below KBB Value usually (but small inventory and some quirks)
Sam Swope Honda World image Best value for the Honda that we sold them Haven’t bought one from them myself. 

Disclaimer:  commentary above is based on 1 statistical sample in some cases and may not be significant.

In the end, we got $2000 more for our 2008 Honda Accord Coupe from Sam Swope Honda World than we would have at either Cottage or CarMax.  Terry Smith there was very professional, courteous, and prompt; no pressure of any kind; I would definitely do business with him again.

Evaluating the Worth of a Car To Me

When I was in the throes of trying to make a decision between a X and a Y, I needed some way to evaluate the cars.  Here are the tools that I found:

UsedAutoGraph.com
image
Mileage vs Sales Price
Active Listings vs Active Auctions
Overall value decline
How long does the car last
Popularity
http://www.edmunds.com/honda/civic/2010/reliability.html
image
Its somewhat buried in the Edmunds website, and really i should give a link to identifix, however, look at that URL.  I could very quickly look up any make/model/year and find years to avoid.
http://autos.jdpower.com/research/Honda/Civic/2010/ratings.htm
image
Another awesome URL, gave a quick overview of the quality of the car. 
Car Max Inventory Pictures of cars.
Mileage.
Feature availability.

I also used a formula like this:

  • Consider a 2010 Honda Civic EX for $16k with 42k Miles on it.
  • According to UsedAutoGraph, it holds its value well (should not die) till 100k, probably even viable to 200k.   Knowing myself, I’ll find a reason to upgrade, so lets say 150k miles instead.   Approx end sale price then is $5K.
  • So I would get 108k miles for approx $11k, yielding around 10 cents a mile from the purchase price.
  • at MPG of 25/36, I would get about 30mpg out of it, at $3.50/gallon yields  3.50/30 = 11 cents per mile gas price.
  • So the car would be about 21 cents per mile, for me.

I did this same analysis for the cars we had owned till now.  I always thought that the Honda Pilot that we bought was a complete gas hog.. averaging 15 mpg..  however, the sale price vs the buy price made it BETTER than the Ford Focus that we also had.  I would not have thought that.   (Then again, the Focus had an encounter with a Deer which dropped its resale considerably)

Picking through CarMax Inventories

We pretty much knew we were going to buy the next car through CarMax, or at least use a CarMax car as the baseline to compare against.  My general approach was:

  • Use them for test drives to figure out which car we want (year differences, trim level differences, lie down in the trunk of the car, etc)
  • Assume that we will NOT be buying the car from the local (Louisville) CarMax
    • This freed me from the necessity to make the decision NOW.
  • Search their inventory for the right mileage, color, options nationwide.  We could also look at the CarFax history (for free) and see where the car used to live (avoiding Florida due to Salt damage).
  • Spend $99-$299 and arrange a transfer of the vehicle to Louisville.
    • At this point, the car is locked in as mine.   But it might take a day to three weeks to execute.
    • This gives me time to reflect and really decide if this is the car for me.
    • Good thing, because that Ford Escape that I ordered.. ended up having second thoughts and choosing not to buy it.
    • To CarMax’s benefit – I cancelled the order fast enough, they had not loaded it on the truck, so they gave my money back (they didn’t have to).  (Well, i was transferring a different car, so they moved it to the second transfer).
  • The car hasn’t arrived yet; I’m in that reflecting place.   So I can’t say what happens next; but it will probably involve test driving, and then buying this car.

Filtering CarMax Inventories

They have a LOT of cars, with a LOT of options.  Here’s how I tackled that, in an Excel Spreadsheet:

Initial search:  No filter, just the make/model/year range, sorted by price, and or mileage.  Pull the first 10 into the spreadsheet.  Get a baseline, the corners of the grid. This is the least / most amount of money I would spend on that car type.   Chart it.   Bubble chart using a function to show age by bubble size.

Successive Searches:  I narrow it down by features, getting more and more selective.  I pull each of those into the spreadsheet, but as a different series.   I layer the series so that the more specific ones drown out the less specific ones.

Result:

image

Using this approach, I could easily see that if I wanted X set of options, the lowest miles for the price was at Y, but if I added Z option to it, then that drove the price up by Y2.      Ie, how much car am I willing to spend on.  Note that I inverted circle sizes, so that newer cars were bigger circles. 

imageNote that while filtering in CarMax, I really like how they show numbers next to features.  This helps me figure out what are “standard” options and/or are packaged with each other.  In this screenshot example,  (106) is standard across everything, while the Satellite Radio Ready is a much more selective.    I got pretty good at it, being able to choose 3-4 options that narrowed down the car to exactly what I was looking for.

Summary

Its been a crazy week.   Its been a fun research process.   In the end, I have a car on order that I cannot wait to get my hands on.   I even made a picture of it my desktop background. 

I hope some of these tools are useful to you in your future.     Enjoy!