JeffK
Well-Known Member
I think this might involve ramen noodles for me, but it's worth it.
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NikeWings
Active Member
I lived on ramen for a couple of years to save for my first house and then a year after purchase since I was instantly house poor. Upgraded to pasta with fresh grated cheese as a special occasion treat for another year until savings were.replenished.
Ramen established discipline and determination which has provided for a very comfortable life many years later. Love all these 'saving' stories.....set your priorities, ditch all the 'stuff' and bank it instead. Good luck to all!
We're living within our means, but expect to finance some of it. We'll sell the Yaris when the time comes and perhaps one of our motorcycles. Roll every $500 to a CD to earn a little more in interest and lock up the money, but not so much it's hard to get in a true emergency.
We'll sell some things this winter on eBay.
We'll sell some things this winter on eBay.
alseTrick
Active Member
Question regarding budgeting:
Elon said that the average pricing with options would be about $42K. Based on previous experience from current Tesla owners, what would the expected OTD (Out-the-Door) price be with that buildout? I live in PA and I don't if or how that distance from Cali would affect delivery pricing - whether it was to my door or picked up at the store in Pittsburgh.
Any thoughts?
Budget: Around $42-45K
Savings: -$20K from a new Accord.
Even still I could purchase it outright but trying to convince the wife to do that would be problematic at best.
I was both elated and annoyed when Tesla moved up the timetable by 2 years. I try to buy vehicles on a 4-5 year financing cycle and they are staggered so I only have one car payment at any time and my cars 'age' equally (we usually keep cars for 9-10 years). I may have to payoff the Accord early this time, but it would be worth it.
Elon said that the average pricing with options would be about $42K. Based on previous experience from current Tesla owners, what would the expected OTD (Out-the-Door) price be with that buildout? I live in PA and I don't if or how that distance from Cali would affect delivery pricing - whether it was to my door or picked up at the store in Pittsburgh.
Any thoughts?
Budget: Around $42-45K
Savings: -$20K from a new Accord.
Even still I could purchase it outright but trying to convince the wife to do that would be problematic at best.
I was both elated and annoyed when Tesla moved up the timetable by 2 years. I try to buy vehicles on a 4-5 year financing cycle and they are staggered so I only have one car payment at any time and my cars 'age' equally (we usually keep cars for 9-10 years). I may have to payoff the Accord early this time, but it would be worth it.
Budget: probably $45k
Savings: $1,000
Currently paying down credit cards that got us through school/wedding/buying a house. As soon as those are paid off, will roll that money onto husband's car payment and knock that out very quickly. Then put that amount aside for my downpayment. Shooting for at least $10k down. Obviously would love to pay more of it in cash but we're used to having a car payment.
I am so excited for this car I think every sacrifice will be worth it! I've never had a car that wasn't ancient!
Savings: $1,000
Currently paying down credit cards that got us through school/wedding/buying a house. As soon as those are paid off, will roll that money onto husband's car payment and knock that out very quickly. Then put that amount aside for my downpayment. Shooting for at least $10k down. Obviously would love to pay more of it in cash but we're used to having a car payment.
I am so excited for this car I think every sacrifice will be worth it! I've never had a car that wasn't ancient!
NikeWings
Active Member
OTD $ considerations:
Destination (the x or s is $1200 domestic flat rate regardless of location or mode. So for example, a pick up at the Fremont factory is the same rate as a flat bed drop off to a home 50 miles from the Canadian border.
Sales Tax based on your local jurisdictional requirements
License & Registration Fees again based on your local jurisdiction
Excise or other local taxes or fees, if any
Insurance has been higher for most (not all) given limited history and part replacement costs
Depending on loan, lease or cash, the amounts due OTD will differ, but Tesla is required to collect per all local reqs which you can research and plan for in advance.
Other $ considerations:
Protective films/coatings/wraps
Dash Cam
Window tints
Misc accessories
These are the most common expenses associated with s and x. Looking at my builds, the incremental expenses were ~ 13% but I paid cash so a 9% sales tax was a huge driver of that. Check with local reqs as many s and x buyers were caught of guard to learn their states required full sales tax paid upfront regardless of purchase method. Also certain states like Texas require all necessary monies to be collected before car enters the state due to local Dealership laws.
Safe to say, costs didn't stop once out the door but immense pleasure surely begins. Keep saving and good luck to all. The 3 will be a phenomenal game changer and you'll be part of it!
Budget: between 50k and 65k €, depends on the Options.
Savings: 1K
Plan to have saved around 15-20k, rest financed
Savings: 1K
Plan to have saved around 15-20k, rest financed
4.9 APR, reason I'm getting like that is because my intention is not to pay the minimum. Just in case of an emergency I have the option to pay a very low monthly(loss of job, medical emergency, etc). Should be paid off with in 3 yrs.
erthquake
Active Member
See if you can join a credit union. With a good credit rating, mine offers 1.99% up to 60 months and 2.99% up to 84.
LBusDoor90
Member
48 year old planetary/env. science teacher in NJ here who has only owned a '91 Escort (15 years) and currently an '05 Prius (140k miles after 11 years) who saw this target purchase coming since 2014 after driving an acquaintance's Model S, the moment when all ICE cars became absurd to me.
My Prius has been problem free to likely have at least another 3 years in her and I hope the 3s make it to the east coast no sooner than 2018 for non-employee, non-Tesla owners like me that stood in line the morning of 3/31 so I can have a very healthy down payment ready (and those mentioned above can have faced bugs I will be spared).
Saved: $18k
Budgeted: $45k-$50k, I guess
My Prius has been problem free to likely have at least another 3 years in her and I hope the 3s make it to the east coast no sooner than 2018 for non-employee, non-Tesla owners like me that stood in line the morning of 3/31 so I can have a very healthy down payment ready (and those mentioned above can have faced bugs I will be spared).
Saved: $18k
Budgeted: $45k-$50k, I guess
alseTrick
Active Member
Bruv, 3's aren't coming east coast until mid/late '18 at the earliest. Also, respeck for being a (science) teacher.
I don't think anyone else has pointed out how important this is! Pay off debt before your put money into savings! Most people are almost guaranteed to have a higher interest rate on loans & credit cards than they do on their savings account - thus you will lose money if you have equal balances on your credit card and in savings accounts.
Budget: have not decided
Savings: currently being allocated towards starting a new business. Will finance the entire car if need be (hopefully not!)
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