I haven't had a car loan in over a decade and rates were significantly higher back then and bought cheaper cars too. What's the optimal financing strategy for purchasing a Tesla? Option 1 - 100% financing with GAP insurance. Higher monthly payment, less risk if car is totaled/stolen. Underwater if selling at some point. Option 2 - 20-30k down, no GAP. Lower monthly payment, possible risk of losing cash if car is totaled/stolen in the first year or two. Am I overlooking pros or cons with either option? At 1.49%, it seems to make sense to finance as much as possible to keep cash on hand for other purchases that would not qualify for low rate financing such as home improvements. It just "feels" irresponsible to finance a high amount (Maybe I'm old...). Thoughts? Likely there's no 'right' way and this is a personal decision. Curious what led you to your choice. Thanks.