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Nifty tool for calculating your monthly Model 3 payments

Khan3

Member
Apr 1, 2016
103
115
Dallas
I've been trying to wrap my head around what the monthly costs will be for my Model 3 as I figure out what options I will configure for the car and needed a quick easy interactive way to play with the options and financing costs (including down payments, interest rates, sales taxes ... even state credits/rebates).

I also wanted to know the impact of the timing of the purchase as the federal credit phases out the longer you wait/queued to get yours.

i built a page the encapsulates all the logic and made it public for any one to play with below. respond with any feedback and i can fix anything that doesn't look right. Take a look :)

model3guru . com
 

C141medic

Active Member
Apr 9, 2016
1,714
1,497
New Jersey
I've been trying to wrap my head around what the monthly costs will be for my Model 3 as I figure out what options I will configure for the car and needed a quick easy interactive way to play with the options and financing costs (including down payments, interest rates, sales taxes ... even state credits/rebates).

I also wanted to know the impact of the timing of the purchase as the federal credit phases out the longer you wait/queued to get yours.

i built a page the encapsulates all the logic and made it public for any one to play with below. respond with any feedback and i can fix anything that doesn't look right. Take a look :)

model3guru . com
Looks great. Thanks. Is the total finance price (for NJ) inclusive of the federal credit?
 

Khan3

Member
Apr 1, 2016
103
115
Dallas
Tesla has a good summary here:
Incentives

However NY is wrong (kinda) ... its $500 for any vehicle above $60k .... but for Model 3 you will get full $2000 ... unless you have a super duper model 3 with all the options
 

Automaton

Member
Apr 1, 2016
60
45
California
It looks like your tool is subtracting tax credits from the price of the car as if they are instant rebates. Is that the case? Because you don't get any tax credits or rebates until months after you purchase your car. They should not be part of the calculation.
 

C141medic

Active Member
Apr 9, 2016
1,714
1,497
New Jersey
It looks like your tool is subtracting tax credits from the price of the car as if they are instant rebates. Is that the case? Because you don't get any tax credits or rebates until months after you purchase your car. They should not be part of the calculation.
That was my point. It looks like the loan calculations deduct for the federal credit.
 

Khan3

Member
Apr 1, 2016
103
115
Dallas
You guys are right. Federal and State credits come after filing taxes and should not be included (tesla's calc pages threw me off as they are always 'including' the rebates directly). I'm updating it now.
 
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Reactions: WileyTheMan

Khan3

Member
Apr 1, 2016
103
115
Dallas
Based on how the Federal/State credits work out, seems an obvious option is to refinance car soon after getting your tax refunds in march/april ... get a better (smaller) loan and monthly payment ... save all that interest cost.
 

WileyTheMan

Peanut Gallery Member
Apr 20, 2016
1,001
923
Los Gatos, CA
Based on how the Federal/State credits work out, seems an obvious option is to refinance car soon after getting your tax refunds in march/april ... get a better (smaller) loan and monthly payment ... save all that interest cost.
Wait, you can refi a car loan? What lender in their right mind would do that for an item that depreciates on a daily basis?
 

Mom of 3

Member
Apr 5, 2016
36
53
Fremont, CA
Where's the PUP? Also for the financing it would be nice to see the amount financed.
Replying to above re: refi, perhaps it would be better to reduce your withholding in the year getting the car, save it, and use it as downpay instead so you avoid any refi costs.
 
May 12, 2016
14
7
Near Portland, Oregon
1) Oregon recently passed a measure similar to California, giving a 2,500 rebates (not tax credits) for EV purchases.
2) You should also allow the selection of the Premium package to be figured into the calculation for 5,000...
 

PRSIST

Member
Sep 27, 2016
294
253
Arizona
I've been trying to wrap my head around what the monthly costs will be for my Model 3 as I figure out what options I will configure for the car and needed a quick easy interactive way to play with the options and financing costs (including down payments, interest rates, sales taxes ... even state credits/rebates).

I also wanted to know the impact of the timing of the purchase as the federal credit phases out the longer you wait/queued to get yours.

i built a page the encapsulates all the logic and made it public for any one to play with below. respond with any feedback and i can fix anything that doesn't look right. Take a look :)

model3guru . com
Been saving for three years and plan to pay cash!!! First time ever.
 

Khan3

Member
Apr 1, 2016
103
115
Dallas
Thanks for all the awesome feedback. I'm make the required changes now (especially to include the premium seating option) and the various feedback on state incentives. Will also show financed amount. Googled PUP but couldn't figure it out so anyone who knows what it means should enlighten me :)
 

C141medic

Active Member
Apr 9, 2016
1,714
1,497
New Jersey
Thanks for all the awesome feedback. I'm make the required changes now (especially to include the premium seating option) and the various feedback on state incentives. Will also show financed amount. Googled PUP but couldn't figure it out so anyone who knows what it means should enlighten me :)
Puppies, Premium Upgrade Package?:p
 

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