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Get Model S now or wait for Model 3

Discussion in 'Model S' started by michel orpheus, Jun 17, 2016.

  1. michel orpheus

    michel orpheus New Member

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    Jun 14, 2016
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    Location:
    Philadelphia
    I'm not currently a Tesla owner but absolutely love the car after test drive. But 90k is not small money and model 3 will be out soon. I'm debating if I should stretch my budget (significantly) now or put down my deposit for model 3.

    Any folks had similar debates that could share some thoughts?

    Appreciate that!
     
  2. Jo-

    Jo- Member

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    Shiloh, IL
  3. RogerHScott

    RogerHScott Active Member

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    There's another recent thread on precisely this topic. I'm pretty sure if you scan through the couple dozen most recent thread titles
    you'll see it.
     
  4. Nevek

    Nevek Overt Member

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    Here's one:
    Model S Now or Model 3 Later Considerations
     
  5. RogerHScott

    RogerHScott Active Member

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  6. CapeOne

    CapeOne Member

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    I wouldn’t necessarily say the Model 3 will be out “soon” but you don’t have to spend anywhere near $90K to get into a Model S now.
    • A custom order car can be had for under $60K after federal tax credit.
    • A better equipped (including AWD, AP, etc.) new inventory car can be had for as little as $76K after federal tax credit.
    • A CPO car can be had for as little as $53K and I’ve seen other used ones going for under $40K.
     
  7. miriel

    miriel Member

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    We decided to go with the S60 instead of waiting for the 3.
     
  8. No2DinosaurFuel

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    Location:
    San Diego, California
    Keep in mind you are getting more from the model S than the model 3. It all depends on what your needs is.

    Currently, the model 3 is not a hatch. If you want a hatch, the model S is your only choice. If you want a bigger car with more space, then model S is your only choice. If you want all the latest bells and whistle, the model S is your only choice.

    So depending on your needs, you might be better with the model S rather than the Model 3. Those are expensive upgrades, but it's the current state of things. Until tesla releases cross-over and other types of cars, these are your only choices.
     
  9. xav-

    xav- Member

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    I'm in the same boat as you are and been spending a lot of time here:

    I have personally been looking into a brand new S 60, solid white with autopilot, leather and pano roof. Around $66k - $1k referral credit + $6.5k of options . That's $72,700 including delivery + TTL - tax credits.

    Putting $16.5k down we would pay $740 a month for 6.5 years. We would save around $100 a month in gas savings so net cost of $640 a month. I assume no state tax credit.
     
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