ElectricIAC
Good-Natured Rascal
At least they’re not a recession-denier.And it’s this thinking that increases the problem and causes a recession.
You can install our site as a web app on your iOS device by utilizing the Add to Home Screen feature in Safari. Please see this thread for more details on this.
Note: This feature may not be available in some browsers.
At least they’re not a recession-denier.And it’s this thinking that increases the problem and causes a recession.
I don't think M3s are more mature or better developed. Actually the exact opposite. M3s are just older platform and gets less upgrades compare to the MYs.Also, keep an eye on the Model 3, which is a more mature better developed platform that offers plenty of space for a small family, is more fun to drive, and is a bit cheaper.
Yeah, not better developed, but mature in the sense they've been working at it longer....they've had longer to get the kinks out in comparison to Y. At least, that's my impression from driving both, although I am not an owner..I don't think M3s are more mature or better developed. Actually the exact opposite. M3s are just older platform and gets less upgrades compare to the MYs.
MYs have
1. 15v Lithium low voltage battery
2. Razen Chips
3. Front and rear single/mega cast
4. HEPA filter
5. parcel shelf
6. 4680 structural battery pack
It seems like Tesla is more focusing on developing/upgrading the MYs than M3s.
This is going to sound rude but that number is meaningless. Someone making $50k / year is not going to be able to swallow the same payment as someone making $500k / year. Keeping your debt to income ratio at a healthy level, while saving for the future, is a better way to think about it IMO.My rule of thumb, car loan terms should be no more than 60mos., ideally 48, with < 1k payment. If you cannot manage that, then move to less expensive vehicle and/or keep saving.
Regardless of what everyone says, you are the only one who understands the situation and makes the best decision. Good luck to you.I think I'm going to wait and save, but then again, I might end up jumping into the damn thing and take off laughing like a madman down the road.
Based on Munro's teardown, the Y is actually the more mature platform as they improved the internal structure and build quality based on what they learned with the 3.I don't think M3s are more mature or better developed. Actually the exact opposite. M3s are just older platform and gets less upgrades compare to the MYs.
MYs have
1. 15v Lithium low voltage battery
2. Razen Chips
3. Front and rear single/mega cast
4. HEPA filter
5. parcel shelf
6. 4680 structural battery pack
It seems like Tesla is more focusing on developing/upgrading the MYs than M3s.
Hello,
So I will have no emergency savings after paying taxes on a new Model Y. My wife and I after all expenses take home $4000 a month. We have been driving a 2015 Honda Accord for years and has 117k miles on it. We both work for the same company hand have a 2 and 4 yo.
Should we take the plunge buying a MY with a $1300/month payment? Thanks for any and all advice!
If I made 500k a year I'd still feel uncomfortable spending this much money on a vehicle (lol), but my wife and I only have one and need a good second and am trying to knock out 3 birds with one stone. Good comments from everyone btw.The fact that you are asking tells me you are uncomfortable with the purchase especially with potential risks. Also, you will be depleting your emergency savings, which doesn't sound a solid one if taxes depletes it (we are talking about 5-7k) so my vote would be to hold off until you are ready. The mention of Model 3 is also a sound one. It's cheaper and you won't lose out on space coming off an Accord.
If I make $500k a year or more, I would be uncomfortable to buy a MY or M3 because I will be very comfortable buying MS or MX Plaid.If I made 500k a year I'd still feel uncomfortable spending this much money on a vehicle (lol), but my wife and I only have one and need a good second and am trying to knock out 3 birds with one stone. Good comments from everyone btw.
Agreed- he is fanatically dogmatic. For some people his approach works but fundamentally using credit has risks and benefits. Ramsey’s approach is that there is no benefit, ever, and the risks are always too high. There are millions of people in this country proving him wrong every day. That’s not to say that debt is good or the right decision - many people incur debt unnecessarily, but that’s a far cry from ‘all debt is bad.’Dave Ramsey is horrible, you'll never become well-off without Debt, his entire financial strategy is one which is indicative of someone born into means. I drank that Kool-aid at one point, it's a terribly limiting mindset.
Hello,
So I will have no emergency savings after paying taxes on a new Model Y. My wife and I after all expenses take home $4000 a month. We have been driving a 2015 Honda Accord for years and has 117k miles on it. We both work for the same company hand have a 2 and 4 yo.
Should we take the plunge buying a MY with a $1300/month payment? Thanks for any and all advice!
-Mac
I like this guy lol.In the long run we’ll all be dead so I would by it now.
I’m going against the herd here and state that yes, $4K after expenses seems adequate to carry this payment. If the $4K is truly left over after food, shelter, taxes, retirement funding, college funding, then why not? I agree with the other posters that an emergency savings is needed too, so that should be a priority over an expensive car. But Teslas have been holding their value lately, so I don’t think you’ll take too much of a bath if you’re forced to sell, at least in the near term.Hello,
So I will have no emergency savings after paying taxes on a new Model Y. My wife and I after all expenses take home $4000 a month. We have been driving a 2015 Honda Accord for years and has 117k miles on it. We both work for the same company hand have a 2 and 4 yo.
Should we take the plunge buying a MY with a $1300/month payment? Thanks for any and all advice!
-Mac