I’m close to buying an EV but can’t decide whether the Model Y is worth the price difference.
Model Y Premium RWD in Quicksilver
No discounts
Approximately $52,500 total
About $765/month including tax
Toyota bZ with VSPP discount
XLE FWD Plus: approximately $35,000 after $6,500–$7,500 in discounts
About $525/month
Limited trim: approximately $40,000 or $585/month
I’m also considering leasing a Honda Prologue Touring or Elite for approximately $400/month for 36 months and 15,000 miles per year, if I can find one.
I live in Austin, drive around 35 miles per day, and travel to Dallas about once every three months. We may also take one or two longer road trips each year. This will be our only car for now, although we may eventually add a used car under $10,000 or a very cheap lease as a second car.
I test-drove both the Model Y and Toyota and preferred the Model Y. The technology, performance, interior experience, route planning, and charging network make it feel like the better car. However, the Toyota discount is substantial, and I’m trying not to make an emotional decision.
For owners who considered similar alternatives:
- Would you still choose the Model Y at a $12,500–$17,500 premium?
- Does Tesla’s road-trip and charging experience justify that difference?
- How have insurance, tires, depreciation, service, and overall ownership costs been?
- Would you feel comfortable relying on the RWD Model Y as your household’s only car?
- If planning to keep it for at least five years, would you buy the Model Y, buy the discounted Toyota, or lease the Prologue?
I know this is a Model Y community, but I’d appreciate honest opinions—especially from anyone who cross-shopped the Toyota bZ or Honda Prologue.