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New Model 3: No Loan vs TSLA: Which to Pick?

Discussion in 'Midwest/Great Lakes' started by MSEV, Jul 20, 2018.

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Which is Better: Pay Off New Model 3 or Purchase TSLA?

  1. Own Model 3 Outright, Use Cash to Pay Off Car

    3 vote(s)
    42.9%
  2. Invest Cash In TSLA, Get 2.49% Loan for Three Years

    4 vote(s)
    57.1%
  1. MSEV

    MSEV Member

    Joined:
    Aug 10, 2014
    Messages:
    459
    Location:
    Nebraska
    I could have put this thread elsewhere, but I wanted to know what Midwesterners thought about it. Do you believe it would be better to buy a Model 3 outright using your cash for that or to take a loan for the car and invest in TSLA. Thoughts?
     
  2. jgillispie

    jgillispie Member

    Joined:
    Sep 12, 2016
    Messages:
    323
    Location:
    Illinois
    If you can get less than 3%, take the loan. Should be able to make 3% or better investing in some way. Not going to say TSLA is the safest way to do it.
     
    • Like x 1
  3. MSEV

    MSEV Member

    Joined:
    Aug 10, 2014
    Messages:
    459
    Location:
    Nebraska
    Safety is, of course, sometimes and issue with investing.
     
  4. kmistry1986

    kmistry1986 Member

    Joined:
    Aug 4, 2017
    Messages:
    129
    Location:
    Cleveland, OH
    I'm with @jgillispie...take the money and run! Money is cheap right now and even the most average investor can make 3% in todays market.
     

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