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Would you invest in a p85d? Pay it off in full or get a loan? Let say you have no established credit or any real equality in you name. With the rest of the money try to get into real estate?
Would you invest in a p85d? Pay it off in full or get a loan? Let say you have no established credit or any real equality in you name. With the rest of the money try to get into real estate?
even with a free million to play with I'd get the S85D. I'll take the extra range in Normal mode vs the extra insane mode of the P85D.
I'd refi my current house to a 15 year loan and replace both of the daily drivers in the house with Teslas (pay cash on those). I'd keep the rest as a reserve, no more than $100,000 in each account/institution. Diversify the investments if it is anything riskier than a CD.
Well a CAR is always a horrible investment. You can't even call it one. Real estate on the other hand...definitely a better investment. Buy some rental properties and retire.
Being 21 is hard to not spend money on a car. I don't plan on retiring anytime soon. I've blown 30k before on a car. Paid only 12.5 on the car(book value 20k). Blew a motor the rest modifying it. Lost about 10-15k on it. A p85d is the ultimate reasonable car. No need to touch it. I could resell it to tesla in 32months when it's time to upgrade.
...and it all depends if the million was in US dollars, CDN dollars, Euros, Rubles, Krugerrands...as to whether it's a million in Canada or not.:biggrin: