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ACT Question: S ? (3 + 3)...

Discussion in 'Model 3' started by EnjoyingLife, Aug 23, 2017.

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  1. EnjoyingLife

    EnjoyingLife Member

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    My S is supposed to come this week. I'm excited. I still have my 3 reservation from March 31 2016 with estimated delivery Q1 of 2018 for the LR. The more I look at the 3, the more its growing on me. I'm hoping the showroom has a 3 so I can look at but I doubt it. When I looked at the dimensions vs the S, it's quite a bit smaller or put it another way, S is huge and 3 is normal size. But when I looked at those production pictures people shared here, the 3 doesn't look that small. Thanks to the lack of communication of my S delivery and my sickness (OCD or whatever D you wanna call it), I've been looking at S and 3 side by side as well as the cost. Ultimately, can I tell my brain to stop saying getting the S is like getting 2 model 3s? In other words, does the cost of S > the sum of 2 model 3s (spec'd to what I want)?

    Let's take a look:

    LR Model 3 with everything I want 49000 + 1500+ 1000 = 51500 - 7500 tax credit (Q1 2018) = $44000 before tax and other fees
    Standard Model 3 with bare minimum = 35000 - 3750 (50% off of 7500 after Q2 2018) = $31250 before tax and other fees

    My current Inventory S = 82600 - 1000 (referral) - 7500 tax credit = $74100 before tax and other fees

    So really, my Inventory S total is > ( the LR Model 3 spec'd to what I want + bare minimum Model 3)...but not by much. S ends up being only $1150 more.

    Now let's factor in loan interests. Here things get a little more interesting:

    LR Model 3 with everything I want 49000 + 1500+ 1000 = 51500 - 7500 tax credit (Q1 2018) = $44000 before tax and other fees. I'll end up paying $4436.16 interests @ 2.74% based on 51500 figure

    Standard Model 3 with bare minimum = 35000 - 3750 (50% off of 7500 after Q2 2018) = $31250 before tax and other fees. I'll end up paying $2598.92 interests @ 2.74% based on 35000 figure

    My current Inventory S = 82600 - 1000 (referral) - 7500 tax credit = $74100 before tax and other fees. I'll end up paying $2546.08 interests @ .99% based on 81600 figure

    With loan interests factored into the calculation, the S is now < ( the LR Model 3 spec'd to what I want + bare minimum Model 3). S ends up cheaper than the 2 model 3s combined by $5639!

    So what does that all mean?

    Doesn't mean anything...It just means the S is not as expensive as buying 2 model 3 when factoring in the total interests paid.

    However if I get 2 cars vs 1..., I could do: M, W, F Drive the LR White one. T, TH, S, Drive the basic black one. Sunday I can drive the White one in the morning and Black one on the evening.

    Anyone seriously getting 2 model 3s instead of 1 S? I'd like to hear your thoughts! hahahaha
     
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  2. Runt8

    Runt8 Member

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    What is the reason for using almost three times the interest rate for the Model 3s vs the S?
     
  3. EnjoyingLife

    EnjoyingLife Member

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    I got the 2.74% from the Tesla configurator screenshot. I assumed that's the going rate...
     
  4. insaneoctane

    insaneoctane Active Member

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    Don't forget the increase in range... With 2 model 3s you can drive the first one 310 miles, then get out of it, into your black one and drive ANOTHER 220 miles for a grand total of 530 miles!
     
    • Funny x 1
  5. dsvick

    dsvick Active Member

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    That's the going rate from the company that does the financing for Tesla, you could certainly shop around and, most likely, find lower rates.
     
  6. EnjoyingLife

    EnjoyingLife Member

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    I know! That's what I was thinking...might have to uber my way to my other 3 once the first one is out of juice lol
     
  7. eisbock

    eisbock Member

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    Please. With the tow hitch that Elon promised, you can then tow the car with the drained battery and regen will recharge it. Infinite travel!
     
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