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Electric Vehicle University - MS103b The Acquisition Decision

THE CENTRAL QUESTION ...

What general issues and questions will I encounter as I work toward a decision to acquire a Model S and what should I know as these issues and questions arise?

COURSE ABSTRACT

A general discussion of the acquisition decision for those that are considering purchase or lease of the Model S but have not yet pulled the trigger. A set of qualitative issues and questions is considered. The discussion is designed to help make the acquisition decision easier for you.

Course level: Introductory

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Electric Vehicle University - MS103b The Acquisition Decision

  1. 1. 1
  2. 2. 2 The Acquisition Decision - Part 2 MS-103b This course is presented as part of Evannex University—a free, open learning environment that presents concise, video-based mini-courses for those who have interest in electric vehicles (EVs) …
  3. 3. Your comfort zone there’s no doubt the EVs are different, but only a little different even if you like the rumble of a high performance gas engine, you might decide you like the silent, smooth, and awesome acceleration of an EV even better 3
  4. 4. Obsolecence But maybe batteries will get much better or hydrogen cars will dominate or … There’s always a chance that some of that might happen, but it won’t happen in the short term. You’re buying a Model S for use now 4
  5. 5. Too techie All cars have significant tech content No more complex than any premium vehicle in fact, easier to use than most if you can use a smartphone or a tablet, you can navigate the Model S tech with ease 5
  6. 6. Battery worries Such a big battery is dangerous not nearly as dangerous as a tank full of flammable gasoline The battery might fail, then what? The battery is warranted for 8 years Okay, but will it lose it’s charging capacity It will, but very slowly In fact, after 8 years, it should still hold about 80% of its original capacity 6
  7. 7. “Tesla Killers” But I keep reading that BMW or Porsche or Mercedes Benz or Audi will have Tesla Killers soon all of their BEV cars are in the concept phase they’re 2 or 3 or more years out they simply don’t have the commitment to EVs that Tesla has 7
  8. 8. Purchase Purchasing a Model S is different no dealerships no negotiation https://my.teslamotors.com/own Features, functions, and options are selected from a menu Every case is custom built to your specs 8
  9. 9. Purchase or Lease the Model S can be purchased in the same way that all cars are purchased—cash payment at time of delivery BTW, the car is delivered to you at your home or office The Model S can be leased three-year term 10K, 12K, and 15K mileage options $5,000 down payment lease end buyout of about 60% of vehicle price Typical monthly payment: ~ $850 to $1500 per month 9
  10. 10. Summary qualitative issues and general questions should be addressed before you pull the trigger price, range, and tech dominate decision making some people worry about the pace of tech change purchase is online and straightforward lease options are available 10
  11. 11. 11 … a free study guide for all EVU mini-courses is available for download from our website … For a complete list of mini- courses and the study guide, visit: www.evannex.com

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THE CENTRAL QUESTION ... What general issues and questions will I encounter as I work toward a decision to acquire a Model S and what should I know as these issues and questions arise? COURSE ABSTRACT A general discussion of the acquisition decision for those that are considering purchase or lease of the Model S but have not yet pulled the trigger. A set of qualitative issues and questions is considered. The discussion is designed to help make the acquisition decision easier for you. Course level: Introductory

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