TMC is an independent, primarily volunteer organization that relies on ad revenue to cover its operating costs. Please consider whitelisting TMC on your ad blocker and becoming a Supporting Member. For more info: Support TMC

How will you pay for your new model 3?

Discussion in 'Model 3' started by Chrisuk83, Apr 4, 2016.

Tags:
  1. NikolasRide

    NikolasRide Member

    Joined:
    Oct 15, 2014
    Messages:
    14
    Location:
    Rocky Point, NY
    Imagine having your 1st vehicle being a Tesla???:D
    What a great time to be growing up in!:cool:
     
    • Like x 1
    • Love x 1
  2. nd4spd569

    nd4spd569 Member

    Joined:
    Mar 27, 2016
    Messages:
    121
    Location:
    Dallas, TX
    I drive too many miles too lease
     
    • Like x 1
  3. Dutchie

    Dutchie Active Member

    Joined:
    Jun 9, 2013
    Messages:
    1,156
    Location:
    Canada
    I think I just write a cheque
     
  4. Chrisuk83

    Chrisuk83 Member

    Joined:
    Apr 2, 2016
    Messages:
    60
    Location:
    Uk
    m
    me too :(
     
  5. Menifeer

    Menifeer Member

    Joined:
    Mar 5, 2016
    Messages:
    290
    Location:
    Menifee, CA
    Proceeds from sale of short-term TSLA put and call options over the next two years.
     
  6. wildm011

    wildm011 Member

    Joined:
    Apr 6, 2016
    Messages:
    39
    Location:
    Calgary, AB
    At first, I didn't see the relevance of this post. But then I thought about it from a different viewpoint. I'll be paying cash, but then I thought - How? My credit card has a limit which is below the purchase price, so how have people gotten their payments into the hands of the good folks in Palo Alto - Mail fat envelopes of bills? Bank Drafts? Pay Pal? How does the physical transfer of funds work?
    Just curious,
    Wildm011
     
  7. Woosie

    Woosie Member

    Joined:
    Jun 7, 2015
    Messages:
    51
    Location:
    Torrance, CA
    A combo of borrowing against the 401K and credit union financing. Since I had a Leaf and I drive 10-12 K per year, a purchase makes the most sense. This is a typical 10-15 year purchase, like every car our family has owned (excepting the Leaf lease and my first car, a Triumph TR-4. I had that one for only 8 years through high school and after college).
     
  8. MP3Mike

    MP3Mike Well-Known Member

    Joined:
    Feb 1, 2016
    Messages:
    10,170
    Location:
    Oregon
    Ever heard of these things called checks? (Pieces of paper that you write out the payee and amounts on... ;))

    You can also go with a cashier's check, or do a ACH bank transfer. They don't take credit cards for anything but the reservation and deposit.
     
  9. 328GTS

    328GTS Member

    Joined:
    Aug 31, 2015
    Messages:
    16
    Location:
    Tallassee, FL
    Write a check.... If interest rates are very low I might finance part. Cheap money is always good.
     
  10. wildm011

    wildm011 Member

    Joined:
    Apr 6, 2016
    Messages:
    39
    Location:
    Calgary, AB
    Ahhh - I HAVE heard of those things! I am just so used to (online) businesses not taking them, I hadn't considered that Tesla would accept them. However, since it's paid in a advance prior to production or shipment, I suppose their risk for NSF cheques would be low. Thanks for the reminder :)
     
  11. Josh the German

    Joined:
    Jan 1, 2016
    Messages:
    59
    Location:
    Bamberg, Germany
    Quite easy - robbing some banks. That´s all ...

    Regards from Germany

    Josh
     
    • Like x 1
    • Funny x 1
  12. Chrisuk83

    Chrisuk83 Member

    Joined:
    Apr 2, 2016
    Messages:
    60
    Location:
    Uk
    Funny, in the UK that's are called cheques. Thats English for you
     
  13. gigglehertz

    gigglehertz Member

    Joined:
    Sep 11, 2013
    Messages:
    187
    Location:
    Bellingham, WA
    500 shares of SCTY, as soon as it gets to $100. Soooo, about 2025? :(
     
  14. johnnyS

    johnnyS Member

    Joined:
    Sep 8, 2011
    Messages:
    566
    I have a jar of quarters, that should do it.
     
  15. Justmurr

    Justmurr Member

    Joined:
    Apr 2, 2016
    Messages:
    205
    Location:
    PA
    I would be financing a large portion of my model 3... Just like I've always done with most of the cars I've ever owned.

    Of course I wish I started saving years ago when I knew I'd be getting one of these once they became available someday..
    And Of course I didn't save for it since it wasn't ever "someday" then this darn thing called life happens and here I am....years later and holding an early reservation and asking myself this exact question.... but not really how are you going to be paying for it? Because I'm financing the thing ......but more how are you going to UPGRADE to get the Model 3 you've always wanted (bigger battery, AWD, performance)

    So I took the first step to saving for my eventual upgrades just today. I traded in my 2014 Mustang for a 2003 Volvo and will use the monthly savings for my upgrade fund. Here's to not needing those savings for whatever life brings between now and the glorious day I can take delivery.
     
    • Like x 2
  16. longshadows

    longshadows Member

    Joined:
    Apr 7, 2016
    Messages:
    73
    Location:
    Brunswick, ME
    Savings, then any additional from my investment account.
     
  17. JmBHardwood

    JmBHardwood Member

    Joined:
    Apr 8, 2016
    Messages:
    6
    Location:
    Toms River, New Jersey
    I will most likely take out a loan for the model 3 then sell my jeep and put it towards the principle then pay off the rest in increments.
     
  18. MSEV

    MSEV Member

    Joined:
    Aug 10, 2014
    Messages:
    465
    Location:
    Nebraska
    I used Energy Federal Credit Union, .5 off for EVs, 1.11% a year ago (.61% a few months before I got mine), I don't know what their rate is now (Home :: Energy Federal Credit Union).
     
  19. Wolfsburg

    Wolfsburg Member

    Joined:
    Apr 6, 2016
    Messages:
    27
    Location:
    USA
    So Tesla takes checks but not cards? I had actually not considered this. I'll probably put down a decent downpayment and finance the rest.
     
  20. vinnie97

    vinnie97 #WalkAway

    Joined:
    Jul 24, 2014
    Messages:
    1,083
    Location:
    southwest
    With so much debt juggling (mortgage, PV system, heat pump, and unsecured credit card debt), I have no leverage for savings. May have to grab one of those 84-month loans when I'm invited to order. ;0 This will make it a de facto 10-year car for me (battery, don't fail me now!).
     

Share This Page

  • About Us

    Formed in 2006, Tesla Motors Club (TMC) was the first independent online Tesla community. Today it remains the largest and most dynamic community of Tesla enthusiasts. Learn more.
  • Do you value your experience at TMC? Consider becoming a Supporting Member of Tesla Motors Club. As a thank you for your contribution, you'll get nearly no ads in the Community and Groups sections. Additional perks are available depending on the level of contribution. Please visit the Account Upgrades page for more details.


    SUPPORT TMC