Woman traded her BMW for a Tesla with $427 car note and says there's one big reason why she's better off

This woman in Virginia replaced her old BMW with a new Tesla Model 3.

The car note, ie the monthly payment, was lower than expected.

But, according to this Virginia woman, there was another huge cost she was saving money on.

Although some people pointed out that was just because the car was new.

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The real reason her new Tesla is cheaper than the BMW

Kimberly, @kimberly444sag on TikTok posted a viral video that’s on its way to one million views.

In the clip, she explained why she replaced her old BMW with a new Tesla Model 3.

For starters, she mentioned the fact her car note, the amount she has to pay every month for the lease, is $427, which a lot of people thought was very low.

“How is it only $427? My Nissan is $413,” one viewer asked.

“I pay $600 for a Nissan what am I doing wrong?” another said.

Kimberly said she was paying roughly the same amount for her old BMW, but there was something else that was even more important.

According to Kimberly, the maintenance costs on her BMW were the true deal breaker.

Each new Tesla comes with an all-inclusive maintenace package for up to 4 years or 50,000 miles, whichever comes first.

The battery is covered for up to 8 years or 100,000 miles.

Are EVs cheaper to run?

EVs have been around for a while now, so there’s plenty of data to determine whether they’re cheaper to run or not.

Generally speaking, the answer seems to be… yes.

Other Tesla owners compared running an EV to a BMW 3 Series and the answer was clear.

This is also true about hydrogen vehicles.

The only problem is depreciation.

EVs seem to depreciate faster than equivalent gas cars, especially high-end ones such as the Ford Mustang or the Porsche Taycan.

But then again, as they say, you win some, you lose some.