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Comment by _3u10 | Hacker News Reader

Yeah, used EVs depreciate quickly. I'm comparing new Tesla Plaids to the C8 Corvette and due to depreciation its looking like the C8 will be much cheaper, and much more fun to drive. The C8 will drop 30k in 5 years according to C6/C7 data, whereas a Plaid will likely drop 70k. If I spend less than $800 a month on fuel the C8 is cheaper.

Currently C8s are appreciating their first year, which is really weird.

The Model S is really chonky at almost 5000 lbs, which is the same as a 4Runner.

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> Currently C8s are appreciating their first year, which is really weird.

Why is that weird? That seems typical for new, extremely popular cars where supply isn’t meeting demand. It happened years ago with the PT Cruiser, and when Mini (re-)entered the US market. It’s happened with Teslas too. Right now it’s happening with the C8 Corvette and Ford Bronco, which are both really tough to find on dealer lots. In 5 or 10 years, they’ll have depreciated like more typical used cars. The tough part is guessing when supply will become sufficient (and values will drop).

That funny about the Mini, because it's such a shit car. I thought it looked like a fun little car but I drove one yesterday for the first time and it was garbage. Interior is crappy lightweight plastic too. Do some research on them and you'll see that they are trouble-prone as well.

Oh totally, I understand why its happening, but from a statistical point of view its hard to model. eg. If a car appreciates 20% in the first year, when it usually depreciates 20% does this affect its 5 year depreciation, or does it regress to the mean?

> Yeah, used EVs depreciate quickly.

Yeah, not sure about that. Currently, used Model 3 LR AWD from 2019 with around 10k-20k mileage go for just a few grand cheaper than what I bought it for (new) in 2019[0].

0. https://www.cargurus.com/Cars/l-Used-2019-Tesla-Model-3-Long...

current used car market is supposedly historically high vs new - probably better to do a longer or earlier comparison before making conclusions, esp. if comparing a fairly new 'used' vehicle

Yeah the 2020 C8 sells used for $10-20k above MSRP but the market is weird right now.

I used the historical data for the Model S. Will definitely check out the 3.

Corvette vs Model S is kind of a weird comparison, especially with the weight comparison. One is a coupe and one is a sedan.

Maybe compare the Model S to an M5 or E63?

Please donate to your local food bank. Many people are hungry. You can help. Perhaps this one is local to you:

https://www.accfb.org/

Great idea thanks for the suggestion, however, I'll keep people employed instead so they don't need the food bank.

“I believe the best social program is a job.” — Ronald Reagan

Young tech employees with valuable transferable skills vs. typical food bank user (not meant as a slight!) are different populations most likely.

I was leaning towards the C8, rather than the Tesla.

It's bigger picture thinking, warmer summers, snowier winters, and turning major metropolitan areas back in coral reefs. Sadly, SF is too hilly for most of it to drown. Freedom is a full tank.

Well enjoy it. I’ve had a Mitsubishi 3000GT VR-4 with upgraded turbos and later a 2004 Audi S4 V8 with exhaust. Had a little Saturn Sky redline too. It’s all a lot of fun for sure. I’m 37 now though and thinking more about the people around me. Happy driving a Honda now and trying to make things better for all people. Freedom is helping others. I hope some day you get there.

Many of the people who need the food bank have jobs. Wages just aren’t high enough for some. You could donate a few hundred dollars and make a world of difference for a lot of people.

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