Did you recently take on (or consider) a loan of 84 months or longer on a car purchase?
A reporter would like to speak with you about your experience; please reach out to PR@Edmunds.com by 7/22 for details.
A reporter would like to speak with you about your experience; please reach out to PR@Edmunds.com by 7/22 for details.
Options
Comments
2020 Acura RDX tech SH-AWD, 2023 Maverick hybrid Lariat luxury package.
2025 Ram 1500 Laramie 4x4 / 2023 Mercedes EQE 350 4Matic
https://www.louisvillebmw.com/new-Jefferson+County-2019-BMW-3+Series-Base-WBA5R7C57KFH22142
That's a lot of money.
maybe someday, but the ship probably sailed. Plus we are likely looking at an X3 at this point, so even more cha-ching.
2020 Acura RDX tech SH-AWD, 2023 Maverick hybrid Lariat luxury package.
2019 3-Series: 248 HP
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
Size wise, they are about the same was my point.
2020 Acura RDX tech SH-AWD, 2023 Maverick hybrid Lariat luxury package.
The current Acura TLX is 190.7.
The current 5-series is 194.6.
2020 Acura RDX tech SH-AWD, 2023 Maverick hybrid Lariat luxury package.
PS Finally, the expensive extended range version of the Model 3 will go about 300 miles before it needs a recharge, while the TLX 2.4 can go twice that on the highway.
But I actually really like the styling of all Tesla vehicles.
https://loupventures.com/tesla-model-3-cost-of-ownership-slightly-cheaper-than-a-camry/
The Club Sport is at the dealer for its annual service, and my service advisor gave me an M340i xDrive for a
loaner.
First impressions:
It’s maybe a tick faster than my 2 Series, but the xDrive filters the fun too much for my tastes. I scared a friend quite a bit accelerating through a corner flat out when he thought I was going to lift and brake.
I like the interior a lot- including the glass cockpit.
I like the latest generation of iDrive, but it’s considerably different from what I’m used to.
The voice recognition works quickly and accurately.
The base sound system is surprisingly good. I’d still want to audition the H-K upgrade, but the standard system is no slouch.
It’s still too big for my tastes, but the car masks its bulk to an impressive degree.
An M240i with the M340i cockpit, 382 hp motor, and M Sport diff would be just about perfect for me.
Mine: 1995 318ti Club Sport-2020 C43-1996 Speed Triple Challenge Cup Replica
Wife's: 2021 Sahara 4xe
Son's: 2018 330i xDrive
https://cleantechnica.com/2019/08/10/tesla-model-3-outsold-bmw-mercedes-audi-lexus-competitors-in-2nd-quarter-in-usa-by-a-landslide/
But the Tesla Model 3 does seem like it's a really good car. After watching all these videos my doubts about it are slowly falling away. The big thing I wonder about is what happens with the batteries after ten years....
"Model 3 - 8 years or 100,000 miles, whichever comes first, with minimum 70% retention of Battery capacity over the warranty period."
https://www.tesla.com/support/vehicle-warranty
And....
"Model 3 with Long-Range Battery - 8 years or 120,000 miles, whichever comes first, with minimum 70% retention of Battery capacity over the warranty period."
But that still seems like it means that at somewhere around ten years Tesla expects the batteries to wear out. At that point the car is out of warranty and loses most of its resale value. A ten year old Acura in good shape, on the other hand, might still have ten more years of life without major repairs.
2018 430i Gran Coupe
"Average all-in cost per mile for a Model 3 is $0.46, compared to the Camry LE at $0.49, and Audi A5 at $0.80."
This study claims to show that a Tesla Model 3 costs less over 5 years than a Toyota Camry, which is shocking.
But I don't agree with some of the numbers that were used. For instance, it says that maintenance and repairs for a Camry over 5 years will be about $4000, but my guess is that it would be about half of that (10 oil changes x $50 each =$500 + 4 tires for c.$1000 + 500 additional would be my estimate). The Tesla model was c. $39k on which no discounts are possible, but with a Camry for c.$25k you might get $4000 off of msrp, which they didn't indicate. So I feel like the study is about $6000 off in favor of the Tesla. Finally, although the Tesla battery has a 8 years/100,000 mile warranty, I'm wondering if you own the Tesla for 10 years and 150,000 or more miles if a new $8000 or so battery is likely to be needed.
Still, the bottom line is that the economics may possibly be shifting toward electrics, and specifically Tesla. There's no doubt that a Tesla is cheaper over 5 years than their other comparison, which was an Audi A5. And now Elon Musk says that starting next year the design life of the battery for the Model 3 will more than double:
https://electrek.co/2019/04/23/tesla-battery-million-miles-elon-musk/
If this pans out, this means that in a year or two the batteries of a Teslas Model 3 will be able to last maybe as much as 500,000 miles. The electric motors for a Tesla are already likely to last at least 500,000 miles, because well-designed electric motors are inherently longer lasting than most internal combustion engines.
Plus there are no oil changes etc. For high-mileage drivers the Tesla might become a top choice, because the cost per mile driven would almost certainly be quite low.
I've gone from being a Tesla skeptic to someone who thinks there might be something to this.
"Model 3 drive unit & body is designed like a commercial truck for a million mile life. Current battery modules should last 300k to 500k miles (1500 cycles). Replacing modules (not pack) will only cost $5k to $7k."
https://electrek.co/2019/04/13/tesla-model-3-longevity-claims-elon-musk/
the problem is, they are expensive, and we can only afford one car in that high price range, and it will be the one we take on trips. So, the train ain't meeting on this one! No way I am taking one on say Christmas eve trip at 10 PM across the boondocks of NYS, in usually crappy weather, and have to be trying to find a charging station in an area I would really prefer not to stop in! Or get out to charge then sit there for 2 hours while it does.
even worse if you can't afford more than say a leaf or Bolt. Not a suitable family truckster travel car anyway.
2020 Acura RDX tech SH-AWD, 2023 Maverick hybrid Lariat luxury package.
The long-range $48k Tesla seems out of my price range. But over 10 years and 150,000 miles it might be less per mile driven than even a TLX 2.4. But over the three years of our lease I think we are way ahead. And my guess is that over 5 years we will be ahead too.
In terms of range anxiety, there's a video that makes some sense that says that gas engines produce just as much range anxiety as a Tesla. His argument is basically that because you each day charge your Tesla at home and/or at work up to maybe 250 miles or so of charge, and never have to stop even at a Supercharge station, you never have range anxiety in normal driving of commuting and shopping around town. With a gas engine, however, you do have to think about filling up so that you don't run out of gas.
On a trip with a Tesla there is some range anxiety, but that's minimized by the Tesla Supercharger network. The included Tesla trip software calculates out your trip and guides you exactly to each recommended Supercharger based on your car's range. A long trip in a Tesla is slower because of the c. 45 minute or so charging times, but since often we need to stop for a meal and a little sight-seeing every 250 miles or so anyway, it's not as much of a slowdown as we might expect....
I still love my Acura. But I'm beginning to hope that by the time I get my next car that Acura will just buy some of Tesla's tech and also buy access to the Supercharger network. Elon Musk apparently said quite a while ago that he'd be ok with selling to another car maker access to the Supercharger network, but that so far no one has taken him up on it.
but in the same usage, an EV would not concern me. It really is travelling that does it. and we don't normally stop much. gas if going 400+ miles (well, in my car, 300 in the RDX!), otherwise just a quick pit stop for bathroom and stretch, and if eating it will be a quick food place. and driving in rural areas at weird times, which we do, is really not going to be comfortable in an EV.
Kind of a moot point anyway for us, because we can't afford the EV equivalent of the car we would like to have as our one nice set of wheels!
2020 Acura RDX tech SH-AWD, 2023 Maverick hybrid Lariat luxury package.
But if Elon's predictions pan out, in 2 more years (when my lease is up) I might be able to get a Model 3 that has a 400 mile range, charges in half the time of current models (in other words, takes about 20 minutes to go from 20% charge to 80%), and lasts the rest of my life—even if I drive all over the country multiple times—with minimal maintenance and no gas.
But since I'm already 54, I think my Acura TLX could well last till I'm 70—if I make it to that age.
2021 VW Arteon SEL 4-motion, 2018 VW Passat SE w/tech, 2016 Audi Q5 Premium Plus w/tech
2025 Ram 1500 Laramie 4x4 / 2023 Mercedes EQE 350 4Matic
When I had XM, 80s on 8 was my main choice, though the repetition got tiresome after a while.
2017 Cadillac ATS Performance Premium 3.6
All the stations get a little repetitive, I bounce around a lot to try and avoid that.
2025 Ram 1500 Laramie 4x4 / 2023 Mercedes EQE 350 4Matic
So branch out, and listen to new music!
2020 Acura RDX tech SH-AWD, 2023 Maverick hybrid Lariat luxury package.
I have no desire to seek out new music because most of it leaves me cold. An affliction of my age.
2017 Cadillac ATS Performance Premium 3.6
Back on topic, here's Acura's new video for the new 2021 TLX Type S concept:
2020 Acura RDX tech SH-AWD, 2023 Maverick hybrid Lariat luxury package.
If, however, by July of 2021 Acura has an electric car that has an msrp of maybe $38k it might make sense. First, my guess is that unlike a Tesla that goes for full msrp you might get a discount on an electric Acura. And then you'd get the federal tax credit of $7500 that has already almost expired for Tesla. Between the two of those things it might make sense for me to go electric—if it's Acura or Honda.
But if I end up keeping the TLX that would be fine with me, because so far I love driving it.
'11 GMC Sierra 1500; '98 Alfa 156 2.0TS; '08 Maser QP; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '11 Mini Cooper S
2025 Ram 1500 Laramie 4x4 / 2023 Mercedes EQE 350 4Matic
2017 Cadillac ATS Performance Premium 3.6
Mine: 1995 318ti Club Sport-2020 C43-1996 Speed Triple Challenge Cup Replica
Wife's: 2021 Sahara 4xe
Son's: 2018 330i xDrive
https://forums.edmunds.com/discussion/2864/general/x/entry-level-luxury-performance-sedans#latest
2017 Cadillac ATS Performance Premium 3.6