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How did you buy your Tesla?

Discussion in 'Model S' started by Manzacoty, Dec 17, 2016.

?

How did you pay for your MS?

  1. Paid cash

    37.3%
  2. Financed through Tesla

    21.7%
  3. Financed through other bank

    31.7%
  4. Leased

    9.3%
  1. Manzacoty

    Manzacoty Member

    Joined:
    Nov 15, 2016
    Messages:
    200
    Location:
    Dallas
    Curious how most people bought their MS...
     
  2. jbcarioca

    jbcarioca Active Member

    Joined:
    Feb 3, 2015
    Messages:
    2,409
    We need lots of responses to have a presumption about how TMC active posters finance, much less the broader community. I'll hazard a guess that maybe 40% of new Tesla buyers today probably pay cash, about the same percentage as for other cars of comparable price, but that will plummet when Model 3 arrives and/or used Tesla are considered.
     
    • Like x 1
  3. SabrToothSqrl

    SabrToothSqrl Active Member

    Joined:
    Dec 5, 2014
    Messages:
    1,954
    Location:
    PA
    Well, when they wouldn't take my good looks, I had to open my wallet, and use... money.
     
    • Like x 1
  4. B8BB8B

    B8BB8B Member

    Joined:
    Nov 25, 2015
    Messages:
    97
    Location:
    Calgary, AB
    Cash!
    Quite unhappy about that but let's be honest, it's a 1st world problem....
     
    • Like x 3
  5. HX_Guy

    HX_Guy Member

    Joined:
    Sep 1, 2012
    Messages:
    440
    Location:
    Phoenix, AZ
    I just put my deposit down today and will finalize the payment choice on Monday, but I'm leaning toward finance. It's too cheap at 1.99%, the $103,000 can bring a better return than 1.99%.
     
    • Like x 3
  6. Manzacoty

    Manzacoty Member

    Joined:
    Nov 15, 2016
    Messages:
    200
    Location:
    Dallas
    Don't forget about risk! Why would anybody lend you money at 1.99% if they could get more elsewhere (where you will return more)? Don't blame you for financing. Just don't know where these high return low risk investments are. :)
     
    • Like x 1
    • Funny x 1
  7. HX_Guy

    HX_Guy Member

    Joined:
    Sep 1, 2012
    Messages:
    440
    Location:
    Phoenix, AZ
    #7 HX_Guy, Dec 17, 2016
    Last edited: Dec 17, 2016
    Real estate! :D

    But seriously, with another $40k - $100k, we can buy a rental here in the Phoenix area that will net $900 - $1200 per month, or about 7-8% annual return...and that's the plan (currently have 3 rentals). The rent money will pay the car payment, and it's still sitting there in the "bank" (and growing...knock on wood for no crashes) if ever needs to be liquidated unlike wrapped up in the car.
     
    • Like x 1
  8. number12

    number12 Active Member

    Joined:
    Aug 16, 2016
    Messages:
    1,181
    Location:
    Tesla
    I'll pay anyone 3% interest on their money. $100k increments.

    Better you than a Commerical real estate lender 4%+. Let me know if anyone is interested.
     
  9. Manzacoty

    Manzacoty Member

    Joined:
    Nov 15, 2016
    Messages:
    200
    Location:
    Dallas
    3% risk free I'm all over it.... you're FDIC insured, right?
     
    • Funny x 4
    • Like x 1
  10. Beryl

    Beryl Member

    Joined:
    Feb 19, 2015
    Messages:
    637
    Location:
    South of Houston
    This was particularly amusing while watching American Greed on CNBC tonight.
     
    • Like x 2
  11. Haxster

    Haxster Member

    Joined:
    Apr 4, 2016
    Messages:
    516
    Location:
    Silicon Valley
    So, where are the "Inherited", "Bartered", and "Stole it" :eek:options?
     
    • Funny x 2
  12. BerTX

    BerTX Active Member

    Joined:
    May 2, 2014
    Messages:
    1,688
    Location:
    Texas/Washington
    Sugar Daddy/Momma? Maybe that falls under "bartered".
     
  13. Ahisaac

    Ahisaac Member

    Joined:
    Oct 1, 2016
    Messages:
    70
    Location:
    Leesburg, VA
    Since I took delivery a few weeks prior than my original plan (the car came in 3 weeks early), I went ahead and used Tesla's financing (90% at 1.75% rate). But, I indeeded the purchase to be a cash purchase, and will pay off the loan here in full by end of Dec.
     
  14. whitex

    whitex Active Member

    Joined:
    Sep 30, 2015
    Messages:
    1,472
    Location:
    Seattle area, WA
    3 Tesla's, 3 different ways (always look at options, do the math, pick the best one for you). The only thing all 3 had in common was the $2500 deposit was on a credit card.
     
    • Like x 1
  15. Chopr147

    Chopr147 Active Member

    Joined:
    Apr 3, 2016
    Messages:
    1,540
    Location:
    Wantagh, NY
    I had full intention on financing with a big chunk down. Went over the numbers several times (what else to do while waiting) :) to decide on how much to put down and keep monthly reasonable. In the end after worrying about 2.0 coming out and having an "old" Tesla, a day before delivery I changed it to a lease. That was 4 months ago and I am happy I did. In 2019 I will purchase my next Tesla as a retiree and not worry about what I may miss. :)
     
    • Like x 1
  16. Hotlobstah

    Hotlobstah Member

    Joined:
    Aug 30, 2016
    Messages:
    294
    Location:
    Cape Cod
    Cash...but I always purchase vehicles with cash...just a preference thing.
     
  17. Manzacoty

    Manzacoty Member

    Joined:
    Nov 15, 2016
    Messages:
    200
    Location:
    Dallas
    Same here. I get the appeal of not parting with $100k in a single sign of the pen. And the opportunity costs that could be lost. However, to me it just makes life easier and less complicated to not have to worry about payments.
     
    • Like x 2
  18. suraj1194

    suraj1194 Member

    Joined:
    Jul 19, 2016
    Messages:
    196
    Location:
    Bay Area CA
    40% down , rest financed at 1.49% through Alliant . I'll probably pay off the loan well ahead of time with gains from other RE investments.
     
    • Like x 1
  19. Manzacoty

    Manzacoty Member

    Joined:
    Nov 15, 2016
    Messages:
    200
    Location:
    Dallas
    You're spot on. Currently at 36% paying cash.
     
  20. PinkGasT

    PinkGasT Member

    Joined:
    Nov 21, 2016
    Messages:
    28
    Location:
    Phoenix, AZ
    10k down and finance the remainder for 1.9% through a credit union. Plan on paying it off in 9 mos.
     

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