Can you two take it somewhere else so we can get this thread back on topic.
No, and this discussion is on topic.
Uh "changing the value of something I might back an imaginary future loan with" is not an increase to your debt.
You seem really unclear on what the word debt means.
That depends entirely on a bunch of other factors.
if you have a 5 million a year income it'd be an irrelevant footnote.
What your homes value going down absolutely does not do though is increase the actual debt you owe on the house
Your mortgage amount doesn't change as the homes value changes.
Of course you had the chance for $12,500 in refunds and tax credits someone ordering a P today won't get. And at least $500 in additional HW new cars don't get.
And an entire year of not having to buy gas too- which is at least a 1500-2000 dollar savings for most americans.
So again your math is laughably wrong. And this isn't the first, or tenth, time someone has had to correct you on it.
$12,500 in tax credits? Where does this number come from? I never received 12,500 in tax credits.
Debt, negative equity, whatever they are one in the same in the end. It impacts people in a negative way directly related to their finances.
Simply owning your car lowers it's value, that's how cars work they're depreciating assets. Tech which is part of this Venn Diagram is similarly priced higher for earlier adopters and becomes less expensive and more feature rich as time goes on. This said as many people have pointed out at best this will bring a LR AWD -> a P3D stealth which HAS been selling for about $2K less than a P3D stealth recently so I fail to see how the math on That depreciates say a P3D
x = cost of a P3D
y = cost of a LR AWD
$2k = x-y
y+$2k = x
x has not changed
devaluation would require x to change
Yes, but this goes above and beyond regular depreciation, not getting a sale price over msrp etc. Which is why I say artificial depreciation will impact my next car purchase when determining what to buy. No one wants to wait longer and pay more than everyone else. I'd be perfectly ok if they revised components on the 3 (they already do), or make a new model with more range / faster performance, that is inevitable. It's how Tesla decides to give different groups of people who purchase at the same time, different prices. I'm happy for everyone who gets in on deals, just not happy about how it affects me.
Yes we paid more than what they have been selling for recently, about 10k difference in only a year.
Only if you're living on credit. Which is not a good idea on depreciating assets like a car
I'm living on credit, I have a mortgage and a car payment. Almost everyone I know buying $50,000 cars are not buying them cash in hand.
math:
I pay 75k for a car. Car now costs 60k everywhere. That's a 15k depreciation in one year in addition to regular depreciation.
