You can't afford the payment for a Model S but you have enough cash to pay for a fully loaded M3 in cash?
AUGUST 2016 ^^^ Supposedly already purchased and sold...However his M3 Delivery estimate has him with Non-owners (image in quote below screenshot of his M3 Delivery Estimate Nov-Jan for First Production)
Would rather have S or X than a 3, most of us would agree.
You chose not to buy a $100k MS because it felt cheap? Not all the other times when you said you could afford it? BTW, this is after claiming to have owned one already.
Wait...so you CAN afford an ALL OPTION Model X, but would prefer the 3?....and you currently have an S?
(
So confusing. A base model S is too much to afford + eat
Can't afford it. But had one...never had one...can afford a fully loaded Model X...What?!
$60k budget
Thats gonna cost a lot more than $60k...in fact, a loaded M3 will be more than a base MS (which you previously stated you couldn't afford)
You ain't getting AWD Ludicrous + insurance for under $600 lol
So for the purpose of this thread - Are you still planning on your monthly payment to be <$600/month ?
I couldn't afford my $1200 payment for my S. Correct. I sold it.
Could I have continued to make the payment - yes. But not affording something does not mean that I don't have the money for it. I believe many people in this forum could afford a model S but other things would have to be sacrificed - for some it might be their house or something else.
I can't afford it because I didn't want to sacrifice anything. I'm saying this for the benefit of those who are young here. Don't overextend yourself for a car - EVEN if you can suffer through the payments. There are a few DR's on a Tesla podcast where one of them can afford the car - but he has said multiple times that the payment is killing him. I don't want to be driving around enjoying my car and when the thought of the payment comes to mind......I start to immediately not enjoy my driving experience. That's one of the things that started happening to me with my Model S.
To some people - shelling out $1200 per month for 5 years is the equivalent of being able to afford it. They'll say - "see, you could afford it because you did it". They won't know that in November you started shelling out $1200 for a car and then in February you are met with some unpredicted health care expenses that makes your car payments "unaffordable". You don't always have to tell folks your story in detail, however sometimes its worth it.
I haven't included the "why" of why I could no longer afford the car payment, but neither do I owe it to anyone. Could be health, childs college tuition, loss of job, natural disaster or anything.
For me. I have been blessed with 60K to pay for my model 3 and I'm not going to explain how or why. I can pay 60K and not have a note at all on my Model 3 or I can pay 60K on a model S and have a payment of $600+. Either way I will not pay $1200+ on any car and over extend myself.
I'm trying to live debt free now ( at this point in life ) and 60K cash is my decision. I understand that not everyone has that option available which is why I started the thread.
Many of you have provided some excellent explanations as to why you have made the decisions that you have and I'm sure that many folks in the near future will read them and greatly appreciate them and young folks will benefit as you pay it forward.