Now that many of us, myself included, have converted our reservations to orders, I thought it might be interesting to do a comparison of the long range AWD Model Y with the MachE First Edition. The First Edition is configured almost identically to the Model Y.
As of now leases are not available for the Model Y and there is a confusion as to whether the APR under the “Ford Option Plan” will be .9% or 5%. So, this comparison will assume buying and keeping each for 3 years and driving 10,500 miles per year.
Both the Model Y and the MachE will be sold at MSRP without discounts:
- Model Y $54,190 including destination charge
- First Edition $60,400 less Federal tax credit of $7,500, $52,900
In considering the cost, you must also consider the car’s value after 3 years:
- All Teslas have held their value well. They are about 60% of MSRP after 3 years. There is no reason to believe the Model Y will be different. But to be conservative, let’s assume 55% instead of 60%. Value at the end of 3 years, $29,800.
- Ford products traditionally have not held their value well. It quite common to see after 3 years that Fords have retained between 40% and 45% of their MSRP. Let us assume 45% for the MachE. Value at the end of 3 years $27,180.
Cost of Model Y: $54,190 less $29,800, $24,390
Cost of First Edition: $52,900 less $27,170, $25,720
While styling is purely subjective, to my eye the MachE is a far more handsome car both exterior and interior. I prefer the second screen in front of the steering wheel and the knob for certain functions.
I think it is safe to say that at best Ford is playing catch up: Ford at a minimum is 3 to 5 years behind Tesla.
For example, take the battery of Model Y: 75 KW and a range of 316 miles vs. the First Edition: 88 KW and a range of 270 miles. The Tesla battery is 15% smaller yet produces 17% more range which makes it almost 30% more efficient. In the real world, that makes charging times almost 30% faster in the Model Y vs. First Edition.
The Model Y uses a heat pump for both AC and heating. The Model Y has proven over the air updates.
To date, all we have are reports of the driving experience of the Model Y: In the standard form most reviews have been excellent. In the performance model, acceleration has been outstanding, but ride has suffered due to the larger wheels.
The Model Y is faster than the First Edition.
We have to wait to see how the First Edition compares, but the Model Y has set the bar quite high.
Quality of Build and replacement parts:
No reason to dwell on this. The lack of build quality of all Tesla, including the Model Y has been well documented as well as the time wait for replacement parts.
Short of being a Fiat, the build quality of the First Edition must be better.
Ordering, dealership experience:
I have been in Tesla stores and the employees have been able to answer all my questions. I have called Tesla and again the person on the phone has been knowledgeable.
With Ford, my experience has been the opposite: When I called the Mustang hotline to inquire whether with the Ford Option Plan the APR would be .9% or 5%, the answer was that since I converted my reservation to an order, all further inquires must be directed to the dealer.
When I contacted my dealer, they did not even know of the Ford Option Plan.
With only 20,000 MachE allotted to the US, and a large portion of those going to California, I would not expect much effort on the part of my local dealer here on Long Island: there will just not be enough MachE to move the needle at your local dealership. In all probability you will know more about the MachE than your local dealer.