buying a P3D

[BLKMDL3]

I have a LR RWD 3 now VIN 2386 and I might pull the plug on a P3D. I'll get $42k for her and I owe $35k so thats $7k in my pocket, but the P3D I want is a demo thats $59000 so I would owe $17k-$7k so $10k but -$7500 for tax credit so I would be only $2.5k out of pocket. Something also great is that I need new tires so thats -$1250 so I would only be $1,250 out of pocket for a P3D. I have 12k miles now, and a few scratches and dings so I guess its worth it. Thoughts?
I could also say if the fam thinks i'm an idiot that I got $7500 off once so then I'm $6,250 ahead if you think about it that way.
anyone have thoughts/concerns

 

[Msjulie]

You will not be the first one who has done this - range will be lower but zero to zoom will be quicker

Enjoy!

 

[tracksyde]

It looks like you're not accounting for sales tax on the $59,000 P3D? Still worth it though.. nice find on that demo

 

[MXWing]

I think you will regret NOT doing it.

You drive like *sugar* already with just the RWD. Imagine all the damage you would do with a P.

Good luck, have fun!

Edit: There's probably more numbers like tax, registration, modifications not counted in original car - and need to be added to new car but its an emotional decision - not a financial one.

 

[apsen]

Make sure you have enough tax liability to use those extra $7500 if it is your second EV this year.

 

[BLKMDL3]

I think you will regret NOT doing it.

You drive like *sugar* already with just the RWD. Imagine all the damage you would do with a P.

Good luck, have fun!

Edit: There's probably more numbers like tax, registration, modifications not counted in original car - and need to be added to new car but its an emotional decision - not a financial one.

Oh I did snow donuts on Sunday with mine. It’s a decent financial decision but it’s for my sanity bc my car won’t go above 140.

It looks like you're not accounting for sales tax on the $59,000 P3D? Still worth it though.. nice find on that demo

Nice catch. That’ll be like $5k so $6250 out of pocket. Still not bad.

 

[BLKMDL3]

You will not be the first one who has done this - range will be lower but zero to zoom will be quicker

Enjoy!

Range isn’t concern. I already get 350wh on my rwd. I’d do too much damage.

 

[SD_Engnr]

Range isn’t concern. I already get 350wh on my rwd. I’d do too much damage.

With that sort of power consumption on the RWD, I imagine you'll easily be over 400Wh on the P3D. Do it, because YOLO... lol

 

[BLKMDL3]

With that sort of power consumption on the RWD, I imagine you'll easily be over 400Wh on the P3D. Do it, because YOLO... lol

The fam is the prob. They aren’t on board as much as I am. This was a decision I made in the shower so it has to be good!

 

[Lifeinabox]

$59k on a demo means black paint and no EAP? How many miles on it?

 

[BLKMDL3]

$59k on a demo means black paint and no EAP? How many miles on it?

somewhere around 3k. getting list of demos soon so will see what the deal is. I know I want black and dont need EAP

 

[jkoya]

I say go for it. I've done that twice in the past, but with Hondas...I didn't know there were P3D demos already.

 

[BLKMDL3]

About to talk to the fam, any tips and things that’ll make me do it more?

 

[BLKMDL3]

I got a FIRM no, but I will keep bothering them until I get a maybe

 

[skrtskrt]

I got a FIRM no, but I will keep bothering them until I get a maybe

why'd they say no?

 

[BLKMDL3]

why'd they say no?

they said me buying a new car every 12 months was stupid and not to be spoiled just because my car has 2 door dings and a big gash from pre-delivery that I didn't notice and id want a new one

 

[thewishmaster]

I might be misunderstanding but if you owe 35k, doesn’t that mean your total cost is 59 (P3D) + 35 (debt) - 42 (sell LR) - 7.5 (tax credit) = ~45k (+ whatever tax on the P3D purchase) ?

 

[Nocturnal]

Do it.

 

[Chancellor32]

Do it, does your M3 have EAP? IF so I might be interested lol.

 

[redgt]

59000 is like 65k out the door

with 7k down you are at 58000 - 7500 = 50500

your current balance is 35000

net cost is around 15500 as new loan would be 50500

also are you assuming a 42k sale price or you have an offer for that? seems a little to be honest