Founded in 2003, the mission of Tesla is to accelerate the use of sustainable energy around the world – one car at a time. Although any fuel-efficient vehicles are a good investment, Tesla promotes the electric car as being better, faster and more fun to drive than petrol cars. But what is it that makes Tesla so special, and how much does it cost to buy a Tesla in Australia?
What are Tesla sales like?
Tesla is Australia’s largest seller of electric cars in Australia. According to recent figures from the Federal Chamber of Automotive Industries (FCAI) and CarAdvice, Tesla registrations hit a record number in 2020 for electric cars in Australia.
The FCAI released figures in January 2021 stating that there were just 1,769 electric cars sold in Australia in 2020. However, this figure didn’t include Tesla. Tesla doesn’t actually release those figures, but national registration data by CarAdvice found that Tesla sold 3,430 electric cars in Australia last year. That’s a 16.3% increase compared to those registered in 2019 and with these results, it means that in the past two years, Tesla has sold almost double the number of electric cars compared to other electric vehicle sales.
What is it about Tesla that people love?
It’s easy to see why people love Tesla cars. They are an affordable electric car, a great family car and the range and performance is top of the line. The top selling car is the Model 3, and this is the world’s best-selling all-electric vehicle overall. The Model S is built for speed and endurance, with a top speed of 250 km/hr. It can go from 0 km/hr to 100 km/hr in just 2.5 seconds – outperforming any supercar on the market! The Model X has all wheel drive, with independent traction on both front and rear wheels so it can operate efficiently in any weather conditions.
The standard range models come feature packed and include automatic locking and unlocking, mirror auto-tilt, and parking sensors – just to name a few. Available upgrades include added colour option, various interior configurations, upgraded wheels and full self-driving capabilities.
Tesla Pricing Volatile
Pricing of the Tesla is up and down, depending on the seasons – or so it seems. The company is said to adjust prices according to market demand. April 2020 saw prices rise of the Tesla Model S and Tesla X premium electric SUV, attributed to the falling Australian dollar and an increase in luxury car tax. Then in May last year, Tesla dropped the price and both the Tesla S and Tesla X saw price cuts. This was due to a 6% price reduction of both cars in the US, reflecting on the Australian market. The fact is, a price hike or reduction could hit at any time, so if you’re investing in a Tesla, keep an eye on your local market.
A good investment
There are a few things that make Tesla a good investment. To start with, the running cost is far less than an internal combustion engine car. Although a battery replacement can be costly, in the long run, your petrol costs will be a lot more. A recent test on the Model S battery showed that after seven years of use, it was still working at 98% efficiency. Electric motors are a good return on investment.
Tesla is top quality when it comes to technology – there are no knobs or buttons, everything is right there on the centre console. This gives you full control over everything in your car, at the push of the screen. You can even play games and stream movies! There are also external cameras on the vehicles that allow you to record and detect any threats to your vehicle.
Autopilot is another bonus – advanced driver-assistance systems that include things like adaptive cruise control, self-parking, and lane centering. Basically, this self-driving package, which is an optional extra, is designed to reduce the amount of work you have to do as the driver. Keep in mind the company is always enhancing this.
So, what’s the Tesla pricing?
Tesla prices range between the high AU$60,000s and mid AU$200,000s. The Tesla Model 3 is currently retailing for $66,900, plus on road costs. Tesla Model Y is not yet available in Australia, but currently sells in the US for between US$52,990 to US$60,990. The Australian price isn’t yet known. Tesla Model S sells in Australia for around AU$132,000, while Tesla Model X is around AU$157,000 (excl on roads). There’s also the Tesla Cybertruck, which is yet to make its way to Australia. If, or when, it does, it is expected to sell for around US$39,990 for lower range, while the top line is around US$103,000. Currently, the truck is on pre-order, where a AU$150 deposit is placed to secure your truck.
Keep in mind there might be a delivery fee on top, and these prices are excluding on road costs. Your best bet is to do your research, check the website, and find out what the current going rate is.
Powerful and sleek, yet still quiet, economical, and environmentally friendly, Tesla is one of the most sought-after and technologically advanced electric vehicles available on the market today. For the majority of the past decade, Elon Musk has been spearheading the clean transportation revolution by turning away from combustion engines and delivering EV’s into the mainstream. That being said, choosing to buy or lease a Tesla is still a pretty big investment.
Especially considering Tesla TSLA doesn’t use conventional advertising or provide comprehensive details about their vehicles. And there’s an ever increasing number of electric cars available in the marketplace made by the more traditional big name auto manufacturers. So, is all of the hype surrounding Tesla’s really warranted? To find out, here are the benefits of buying Tesla electric vehicles.
Because EVs don’t run on petrol, you no longer need to visit service stations to fill up. Simply plug it in at home each night, unplug it first thing in the morning and the Tesla’s battery will be fully changed and ready to go – like your phone. Once your Tesla is fully charged, it can travel a massive 500 kilometres before it needs to be plugged in again, which is around 150 to 300 kilometres further road trips than any other electric vehicle currently offers.
When it comes to travelling longer distances, Teslas can be charged on the road at one of their almost 2000 Supercharger stations located all around the globe. There are also Tesla chargers around the country located at a variety of destinations like shopping centres and hotels where Tesla owners can charge their cars for free, as well as a variety of third-party charging stations. The ease of charging at home combined with easy access to the constantly expanding network of Supercharging stations for longer-range travel is one of the benefits of buying Tesla over other EV manufacturers.
Teslas are electric vehicles, which means they require less energy to run and have better air quality as they emit less air pollution like toxic carbon. This makes them much more efficient than petrol or diesel cars, so they cost less to operate. Plus, recharging a Tesla overnight at home also saves you the additional time it takes to go out of your way and stop at a gas station once or twice a week, as well as the cost to fill it up with petrol. So, no more standing beside the pump and smelling toxic fumes… simply plug in each night while saving some money as charging at home is much cheaper than paying for petrol.
, Electric engines don’t have anywhere near as many moving parts as regular internal combustion engines. And fewer moving parts means EV engines have much less projected maintenance. Tesla cars also come with a limited warranty, optional yearly inspections, and their batteries are guaranteed to last eight years minimum with unlimited km. In fact, Tesla service centres prefer you to not bring your car for annual service and only look after and change the consumable, such as tyres and windscreen wipers, as needed. So, while it may cost more up front, one more of the benefits of buying Tesla model EVs is that you’ll most likely save thousands in the long run.
Just because Teslas are powered by electricity, doesn’t mean they’re slow. In fact, Teslas are one of the highest performing vehicles ever. There aren’t many cars that come close to matching their performance. Teslas are exciting cars that respond quickly to commands, with superb agility, and excellent handling which makes them super fun to drive as you can be confident driving at all speeds. Many Tesla owners believe that simply taking one for a drive would make going back to driving a standard car seem extremely boring for most people.
No other traditionally powered car has the performance and instant acceleration of a Tesla, which puts them in the same category as a sports car. In fact, they can even outrun supercars made by Lamborghini, Porsche, and Ferrari over the 1/4 mile in Ludicrous mode. Even the slowest standard range of Teslas will leave the vast majority of gas, electric, and hybrid model cars in their dust. So, if you’re looking for more benefits of buying a Tesla, there’s nothing that will beat the extraordinary performance of a Tesla.
Elon Musk is very forward-thinking when it comes to tech, which is why Teslas are built with the most advanced auto technology available for electric cars to date. The engineering of both the powertrain and battery systems are extremely impressive in how they’re built and operate, especially considering they can both be operated efficiently using a smartphone app. And Tesla’s ongoing advancement of research into battery production is continually improving, as their team finds new ways to reduce internal battery stress which enables increased storage of longer-lasting and renewable energy.
When it comes to the interior technology, the minimalist seeming cabin of every Tesla has a large touch screen in the centre console for access to a variety of high-tech features. Drivers can do absolutely everything with the tip of their fingers, from starting the vehicle to adjusting the LED lights, arming sentry mode to checking tyre pressure, as well as adjusting the dual-climate control, heated seats, and more. Plus, all models come with the most advanced infotainment system available on the market today, even the Tesla Cybertruck. This also means that each Tesla receives free over the air software updates, just like your phone, which improve the vehicle’s performance, efficiency and add new features over time. This is one of the other benefits of buying tesla, because they can be controlled using innovative smartphone software before you even get into the car or from almost anywhere around the world.
Tesla Autopilot has been the forefront of autonomous driving technology for a long time. With their suite of 8 external cameras, ultrasonic sensors, radar capability, and high-powered onboard computer, Teslas have the ability to automatically steer, accelerate, and brake for pedestrians and other vehicles, as well as overtake slower cars, change lanes, follow traffic signals, and even park itself. While Elon Musk’s Autopilot feature does still require constant driver attention with hands on the wheel, the neural network at Tesla Motors has accumulated literally billions of kilometres driving experience, which is why it is the most advanced autonomous driving tech available.
Elon knew they would be continuously improving self-driving capabilities and many other features over time, so he planned ahead by making the software in all Tesla’s updatable via the internet. And every Tesla vehicle sold has all of the necessary hardware installed so they can easily become completely autonomous self-driving cars whenever the software eventually becomes available. Over the air software updates combined with the hardware upgrades applied at service centres will eventually enable Teslas to drive autonomously at all speeds on all different road types.
The last word
If you’re thinking about buying an electric vehicle to save money by going green, these are just some of the main advantages and benefits of buying Tesla. Not only are they cheap to run, fun to drive, and incredibly fast, but Teslas have also won almost every award possible, including being named car of the century. Tesla… believe the hype!
Many of our Tesla owners lowered their rental prices while forced to stay at home.
Australia is now gradually re-opening for travel as the restrictions are starting to lift 👏 This means – there’s never been a better time to plan your long-awaited roadtrip 😀
Some of the best prices for on a 3-day rental including insurance:
How to #COVIDsafe 👐
The Australian government released a 3-step plan to re-opening a COVID-safe country and economy. The full announcement can be found here. Please follow your state-specific updates as they continue to make decisions to their individual circumstances and local conditions.
Let’s all work together so we can enjoy the spirit of electric adventure sooner!
Want to help, but don’t know how? 📲
The app developed by the Department of Health helps you and all of our communities. You can assist health officials to quickly understand and tackle the spread of Coronavirus (COVID-19) by downloading and keeping it on the background.
Yes, there has been criticism of the app, but let’s face it – we’re living in unprecedented times and if something can help us get over the crisis sooner – we should embrace it. Here is what a privacy expert has to say about the app.
Shopping around for a new car involves a lot of research and planning, especially when it comes to ways you can finance it. There are a number of different options in financing a car, one of them is through a personal loan.
While there are specialised car loans to fund a new or used vehicle, more people are turning to personal loans to buy the car of their dreams. A personal loan can be used to purchase a car from a dealer or private seller and is a great way to finance a car if you don’t have the funds upfront or to pay for additional tech gadgets for your car. It also gives you the opportunity to pay off your loan faster with greater flexibility in payment structure.
Reasons why people are using a personal loan to finance a car
Although car loans are a type of personal loan, they are usually at a fixed interest rate. What this means is they don’t offer the flexibility a personal loan holds, making repayment slightly more limited in terms of the speed in which you can pay off your car loan.
This is one of the reasons why more people are choosing to take out a personal loan instead of a standard car loan when buying a car. In fact, a recent study found 14.1% of millennials, 12.0% of Gen Xers, and 11.4% of baby boomers had used a personal loan to buy a vehicle.
Unlike a car loan, personal loans are not tied to the value of the car—they don’t use your car as security. This means you can still retain the car rather than have it repossessed if repayments aren’t met on time. This makes a personal loan a very attractive choice to anyone expecting a change in finances over the next few years, such as a wedding, new baby, or the purchase of a bigger house.
A personal loan allows for flexibility in payment structure and a lot more range of loan options. If a borrower has a good credit rating, they may also find themselves with some attractive interest rates.
Personal loans can also cover the cost of vehicle modifications, unlike a car loan. Personal loans also take less time to apply for since all you need to declare is the purpose of the loan.
Finding the right loan to purchase a car
The type of loan you choose will depend upon your financial circumstances. Generally, a personal loan will most benefit those who have a good credit history. This is because your credit score will influence both the loan amount and the interest rate, which can be either fixed or variable. The higher your credit score, the lower your interest rate, and vice versa.
Personal loans have a set repayment period, usually between the minimum one-year period and the maximum of seven to ten years, depending on why you need the loan and your financial circumstances.
A fixed-rate personal loan will provide you with the security of a fixed interest rate where you’ll know exactly what your repayments will be for the life of the loan.
A variable-rate personal loan will allow you to make additional payments to pay off your loan faster, saving you interest.
There is a lot to consider when choosing a personal loan to buy a car—the most important things to look out for prior to committing to either a fixed or variable loan include:
How much you can spend/budget
What interest rates can you genuinely afford
The state of your credit score—is it in good shape?
Would your budget better suit a lower interest rate or flexible repayment options?
How long do you want your loan to last?
Do you have the ability to repay your loan early?
You should also look into different features offered by a personal loan, including:
The minimum and maximum borrowing amount the lender allows
Does it offer a redraw facility, which provides you the ability to withdraw funds you’ve already repaid
Interest discounts and incentives might lower the cost of the vehicle and thus the finance amount considerably. For many new purchases, financial incentives are often sponsored by the manufacturer, the dealer, or another agency. In Australia, you should take note of a 0.70 percent finance discount that is funded by the CEFC for people who choose to purchase an electric vehicle.
Choose the loan best for your budget
More people are using a personal loan to finance a car over a traditional car loan. Reasons for this may include the flexibility personal loans offer, where the vehicle itself isn’t used as collateral.
When you take out a personal loan, you can typically use the money for anything you want. In terms of using a personal loan for a car, borrowers find it gives them more value for money.
They can generally choose an old or new vehicle, they can purchase from either a car dealership or private seller, and they can make modifications to the car. A car loan, on the other hand, has more buyer restrictions on what types of vehicles a person can buy and where they can buy the vehicle from.
Taking the pain out of payments
Whether you have purchased your car with standard auto financing or taken a personal loan, you can reduce the burden of payments even further by renting it out when not in use.
In an Uber-like model for car sharing, evee have a virtual fleet of cars that belong to private individuals. If you sign up for the service, you could make your newly purchased Tesla available for sharing a few (too many) days each month.
Evee handles all the marketing and rental transactions and can even help you insure it properly for such use. Participants report netting between $5 – $20K per year, which may exceed your payment outlay and make a new car purchase a smart idea.
Oh has it polarised the public! Love it or hate it, the Cybertruck is here to stay 👊 So what’s the best way to test your feelings? – rent one for a few days!
Alan was the first Australian Tesla Model 3 owner to list his car on Evee. As soon as he ordered a Cybertruck – he put it up to share! Availble for rent from 2022 – adjust for Elon’s time zone of course 😉
1. If you’ve been thinking to rent a Tesla, but have been putting it off – now is the time to do it. Your rental will not only support the uptake of electric cars in Australia, but also help Australian families affected by fires to rebuild their lives: https://blog.evee.com.au/
2. If you have a friend who’d be interested in renting an electric car, please share this post with them.