The True Cost of Owning a TESLA in Singapore!

Teslas are highly desirable. They have amazing acceleration, great software and are better for the environment. But can we afford one? In this video, I speak with Rachel who got her 2021 Tesla Model 3 SR+ in Dec 2021, to understand the true cost of owning a Tesla in Singapore (upfront & on-going costs). Click Subscribe for more videos on Tesla!
Test Drive a Tesla in Singapore: www.tesla.com/en_sg/drive
Tesla Model 3 Overview: www.tesla.com/en_sg/model3
Purchase Tesla Products with Rachel's Referral Link: www.tesla.com/referral/rachel...
Tesla Owners Singapore Club Facebook Group: / teslaownerssg
Tesla La Kopi Facebook Group: / sgtlkp
Tesla La Kopi Telegram Group: t.me/+uplprYnUOnA0YjM1
Timestamps:
00:00 True Cost of Owning a Tesla in Singapore
00:25 Upfront Costs of a Tesla Model 3 SR+
03:35 Journey to Century Square Tesla Supercharger
09:48 On-Going Costs of a Tesla (Charging, Car Loan, Maintenance)
19:19 When to Buy a Tesla in Singapore?
24:11 Bloopers! 🙈
Social:
🐦 Twitter: @darenyoong
Disclosure: I am long TSLA.

[@colinrosscrtv]

Informative and entertaining as always! 👍

[@ms-dw1yg]

A good video with nice bloopers at the end!

[@jianchao88]

Very insightful !

[@weijieliao4890]

Enjoyed the bloopers as well😂

[@snareofwisdom]

Always enjoy the uplifting spirit and way that you carry yourself.

[@weijieliao4890]

Another lovely tsla owner

[@neorenjie]

I'm thankful for the early adopters for going through the hassle of scrambling for a charger and waiting time to charge. I can see everyone switching to EV when there is an abundance of chargers everywhere.

[@mofufu]

I’m still waiting for Tesla Compact car. And withholding myself from getting other BNB new ice car. Hopefully Tesla compact car will see similar pricing to ICE BNB. Really can’t bring myself to pay over 200k along with the ridiculous road tax and insurance for a model 3 as much as I really like to have one.

[@NavarroOne]

Informative episode. I’m aghast at how unfriendly the SG government is towards EV adopters. Prohibitive import duties, COE and road taxes. Very sad indeed

[@DarenYoong]

Thanks Allan! We understand why car prices are high in Singapore (intentional government policy). We only ask that EVs don't get taxed more than ICE, and that taxation reflects the nation's sustainability goals (Bike/Walking -> Public Transport -> EVs -> ICE).

[@NavarroOne]

@@DarenYoong hi Daren, you’re a good Singaporean. To us outsiders (formerly residing in Singapore 5 years) there is an element of thinking you’ve all drank the cool aid as it is frankly NUTS to pay $118k for COE and then excise and import duties and road tax. But incomes are also high and you don’t really have any choice, do you… :)

[@keithng5249]

200kSGD for a car is really insane. I'm just glad I work/live in a large country where you don't have to sell a kidney to afford the COE... Yes I get why Singapore has to do it, but it's still a hit on the quality of life.

[@SoltariTrooper]

Public transport and taxi is good enough. Does not need a car in Singapore, save up on carbon footprint by ditching the car and take taxi instead to support our local taxi driver livinghood.

[@jianchao88]

Even if sell 3 kidneys also not enough to buy model 3 haha

[@PsychedMedia]

Its more expensive in Malaysia. In SG you earn sgd 4k but the model 3 is 200k sgd, in Malaysia you earn 4k ringgit but same car will be around 250k+ ringgit

[@khaiwong4669]

It's cheap down under. You earn 4k and the car is 61k..😂😂

[@jeffloh5578]

Does Rachel own any Tesla stock?

[@jonzhuang]

My wheel also hit the kerb while turning into the barrier at Century Square.

[@DarenYoong]

🥲

[@paulpaul7777]

The cost of owning vehicle in SG is total madness

[@cleoon3911]

I would like to ask , Would it be functional to buy a Tesla but staying in a HDB?

[@ricksternism]

Honestly speaking, saving on running costs/the earth/convenience is probably not the primary reason why someone would buy a Tesla in Singapore. Go for it if you're after the sheer power and the tech gizmos of the car. I know i would :)

[@petemorbius3936]

but cant compare to Msia as petrol is rm2.05/l

[@tnyshare2938]

Where do Tesla owners pump their car tyres? In petrol kiosk where they are no longer customers? Perhaps, charging stations should also come with Tyre pump for a seamless experience.

[@DarenYoong]

Many Tesla owners I meet around the world still do it at petrol stations! They are usually also customers to the retail shops there to get snacks. In addition, more petrol stations are now building EV chargers (especially common in Thailand and UK). Agree that larger Supercharger Stations (8+ stalls) should come with tyre pumps. All the Supercharger Stations in Singapore are currently 3 stalls only, so hopefully we see larger ones in the future!

[@JasonEe77]

Use a Xiaomi pump for the convenience.

[@tnyshare2938]

@@JasonEe77 nah… even pumping my bicycle tyres, it takes a long time and the tube gets super hot. Not practical. Good for one tyre emergency only.

[@mofufu]

@@tnyshare2938 bicycle v fast what I even use it on motorcycle. But I haven’t tried it on car heard indeed very long

[@racatulous]

Not so “paiseh” if we go to a petrol station that has EV charging stall, to pump the Tesla car tyres. We’re not customers for their petrol top up, but we can still show support (and courtesy for using their equipment) by swinging by their convenience store to buy something. Hope this helps!

[@dr-k1667]

Okay the Singapore Govt. really needs to look at their tax structure! Why would a ICE car (Ferrari) be cheaper than an EV? If they want this transition to happen why not increase the costs of having an ICE and lower the COE for existing owners who are close to having to renew to have them go into an EV over and ICE. There are many sensible things that the govt. can support and do that will support transportation change over to EV's.

[@DarenYoong]

💯

[@ricksternism]

That day will come, when the national infrastructure is ready to support it (and mechanisms to properly help the government recover lost petrol taxes).

[@eightfoldsg]

I'll love to own a Tesla in Singapore but with the price, i could put the money elsewhere way more productively..

[@companymann]

Don’t understand why you would need a car for island state like Sg with good public transport

[@DogeMultiverse]

The true cost is people coming up to you to ask "what do you do for a living?"

[@henrysoh3473]

Should have asked her the mileage she has used so far

[@racatulous]

13km so far, thanks for asking!

[@roafelix8198]

@Daren Yoong Greetings, don't mean to be rude but the way you talk are you a Tesla fanboy? By the way I am a Porsche Taycan fanboy.

[@mvp2526]

china are selling tesla like peanuts price,while singapore gov say cannot we must sell very very high with coe which have a 10 year expiry date while china got no such thing.Tesla is no ferrari,if gov want singaporeasn to switch to eletric vehicles they have to lower the price,if not petrol car is still the way to go.SIngapore will not switch to ev for another 15 years.

[@blalala6181]

i once stop in the middle of the road cause I left 0% then I just use my power bank charge (I'm 13yrs old)

[@alexng4601]

Tesla rd tax is free in M...........😅

[@SoltariTrooper]

Model 3 only cost US$41,990 in US. Best not to buy cars in Singapore, go invest all your $ in Tesla stock then retired in the US and you get to drive cheap cars every day.

[@DarenYoong]

Model 3 is around US$30-40k in most markets around the world (closest to home would be Thailand and Australia). Singapore is a rare anomaly.

[@SoltariTrooper]

@@DarenYoong $200k save up from buying a car in Singapore and invest in Tesla shares, will give x600 returns by 2030. Don't waste good money after bad money. In 10 years, the car will be worthless but your Tesla stocks will enable you to become a millionaire.

[@tnyshare2938]

@@SoltariTrooper good advice but your x600 tsla price target is totally ridiculous

[@michaelkainbacher6696]

Perhaps Ho does mean 600% - would make sense to me.. 😎👍🏻

[@SoltariTrooper]

@@michaelkainbacher6696 aye, x600% 👍

[@YYPeh]

V3 superchargers do not share.

[@DarenYoong]

Correct!

[@YYPeh]

@@DarenYoong Dan from What’s Inside is awesome. :)

[@Racatulous555]

Thanks for clarifying. Guess the owner’s info is outdated 🙃 and always happy to have enthusiasts to do the fact checks to educate the community.