I have a reservation to a Model S, but I don’t make enough money to afford this car, nor can I justify the high payment… or at least that’s what I thought. Here is the situation; I’m self employed, I’m in the Marine Corps Reserves, I’m a single dad, and my take home pay is about [REDACTED] in a good year. I drive a lot for work so I’m forced to have two cars: A Honda Insight for work, and a Honda Accord for getting my little one around. As a result, I have all the expenses that go along with having two cars and it really chips away at my income. When I discovered the Model S, I was looking for that one car that could do it all. A car that could give me the same gas millage (66 Mpg or better) as my Insight, and a car that had more or less the same amount of space as my Accord… I found the Model S to be the ONLY car that meets this criteria. It really is a car without compromise. Only problem is that I thought it was too expensive… so committed to forgetting about it and just continued about my existence. But I couldn’t stop thinking about it. There had to be a way, the car is just too perfect for my situation… 9 months go by before I remember something I learned in business school. For whatever reason, the words “Total Cost of Ownership” popped back into my brain. I remembered this and I thought… maybe… just maybe the numbers work. So one night after putting my daughter down to sleep, I booted up the computer, opened an excel spreadsheet, and start running the numbers. This is what I came up with. On average over the last 3 years, my cars have cost me $10,653.62 in gas, maintenance, and repairs. Here is the breakdown in what I spend on average each year: $3,485.62 in gas $3,985.00 in maintenance $3,183.00 in repairs If I buy a Tesla, with the 85kWh battery (which comes with the 8 year, unlimited miles warrantee), I’ve estimated that I will spend $2,369.15 a year driving the same distances! Here is the breakdown: $819.15 in energy (based on my current rate for 1kWh) $1,550.00 in maintenance (tires, breaks, & washes) $0.00 in repairs (thanks to the warrantee) That means that if I buy the base Model S, with the 85kWh Battery for $64,436 (price includes license, tax, and registration), then in 4 years the car will have paid for itself! Leaving me 4 more years (the length of the warrantee) to continue to rack in the savings! AND, ill save on not having to insure two cars! So like a good tactician, I laid out a plan and got to work on executing it. The plan is to sell my two cars to come up with the down payment. For that reason I’m glad the waiting list is 9 to 12 months long. It’s given me time to pay off my Accord so that I can turn that equity into a larger down payment. While my monthly payments will be much larger on the Model S then on my Accord, my other automotive expenses will drop so that either way ill still save money. It took me 9 months to realize this, and once I did I put my reservation in. All my fellow Marines think I’m crazy, and maybe I am… after all I was crazy enough to join right? lol But ill be spending the money one way or the other. Might as well spend the money on a nice car instead of throwing it away in gas or costly repairs. My only concern is the warrantee and what it covers. Like my Hybrid (which are money pits if you ask me), the Tesla is just one major repair away from blowing all those savings out the window. I hope the car is as reliable as everyone thinks it will be, or at the very least the warrantee will cover all major repairs. Just have to wait and see I guess. Either way, I thought I might share my story. My business is growing (slowly), so someday I hope I’ll get to a point where I don’t have to think about these things. But for now I’m excited I can get into one of these things. I’m at the “Finalize your order” stage so my delivery is just around the corner! See you on the road!