Ok, I've been following Tesla for several years now and I have known it was my dream car from the beginning. I've known for a while that I will eventually buy one of these glorious pieces of technology but I've never been in a good financial spot to do it, until now. There's a lot on my mind about buying a Tesla right now so I'm going to apologize to everyone in advance for such a long post but please bear with me (There is a TLDR section below). I would love to get some outside advice on this. So here's the question: I'm in a position to buy my dream car and I'm trying to decide to buy right now before the tax incentive and maybe even the free supercharging on the performance version, or do I just need to settle down and wait a few more years? Below I covered the main areas of concern I have about the purchase. Feel free to read through them or you can skip ahead to the TLDR below. I'm an engineer so my writing isn't the best and I can tend to ramble... Again, I'm sorry Down Payment: I graduated from college last May and got a job at a great company where I really enjoy what I'm doing and I'm making great money for my age. Thanks to some very generous parents I don't have any student loans either which means I have quite a bit of disposable income. Over the last year that money has been going toward a down payment for buying a house and starting that whole adulthood thing people talk so much about. However, at the same time my parents were looking into getting into rental properties and ended up buying a house which we mutually decided my girlfriend and I would rent from them. This gave us a place to live and gave them guaranteed renters, for at least a few years, who would take good care of the house. So now I'm left with about 15k in my bank account with no other debts to pay off. So I could either use that money to invest and make my future brighter and possibly bump my retirement up by a few years.... or buy a new Model 3 and drive one of the cars I've been wanting for years. Take into account I think I could sell my current car (A 2013 Ford Fusion Hybrid) for ~$9,000 which bumps my down payment capabilities. Monthly Payment Situation: Being an engineer, I like to get stuck in the numbers so obviously I've created an excel sheet with my budget and financing for this purchase. I actually made this excel sheet a long time ago but the numbers haven't really played out until now. I've budgeted out money for rent, groceries, utilities, monthly subscriptions (Amazon, Spotify, etc.), additional retirement saving outside of pre-tax 401k contributions through work and I still have ~$1800 a month left over. Now of course this money could be used to really enjoy my life by going on extravagant trips, living comfortably, investing to try and get even more money in the future or even continue to build a nice nest egg. These are all valid options that sound equally as nice but that Tesla is so shiny... It would require a bit more money management skill than I currently possess but I could make it happen. Range Concerns: My concerns for this don't come from the same direction as most people but I figure it's worth talking about. If I am going to spend this amount of money on a car I will need to own it for long after the loan is over to really get my worth out of it. I worry by that time the battery will have depleted down enough that the car won't be able to go anywhere near as far as I want it to go. The thoughts that ease my mind on this are that Tesla could make it easier and cheaper to either charge faster or completely replace the battery with a new one in the coming years. It's so hard to predict what is going to happen in this industry in the future though. A completely equally possible scenario is that a newer, better technology comes out and all focus shifts to it instead of trying to keep the current models in top condition. That seems unlikely to happen to me but it is something that crossed my mind. Other Concerns: Outside of the financials there are a couple other concerns I have. The Model 3 has a lot going for it but there are two things I worry about with it. The first is something I think a lot of people can relate with is the 'key'card. I've heard that Tesla may be creating a key fob for the M3 eventually but we still haven't heard anything official. And two, I worry that it doesn't have the kind of storage space for me and my girlfriend to eventually start a family in vs. the Model S with more than twice the storage space. Now that my concerns are over with let me walk you through what I'm thinking about purchase and timing. I think if I order now but request delivery later in the year I could pull enough money together to make a sizable down payment. Enough to get the monthly payment down to ~$650 for AWD or even ~$800 for performance and still have a good amount of money as a cushion. Performance probably isn't realistic but you gotta have dreams... My current insurance provider says they can cover me for $114 a month which is about what I currently pay. This seemed low to me, is anyone else getting these kind of numbers for insurance on an M3? I know the MS/MX are closer to $170-$200 per month. If this insurance number is correct this would come out to a total of about half my disposable income. I believe I could entertain my life style with that kind of budget and still be able to save money for a house down payment. It would take longer but I would get there eventually. Most people don't have a sizable down payment on their first home anyway. Preferable M3 build: long range AWD - Because I live in a mountainous area that can get a lot of snow in the winter. I also prefer to go with AWD and all season tires than RWD and having to swap out every winter/spring. Aero wheels - To maximize range. Covers can always come off when range isn't a necessity. Blue Paint White interior Enhanced Autopilot Still considering FSD - I know it's pointless right now but it's cheaper to do it now and I'm a nerd about that kind of stuff. This money could go toward a protective coating instead though. TLDR: Tesla is my dream car that I've been wanting for over 4 years now. I'm finally in a position to buy and have little other financial responsibilities but I'm only 24 years old. Range over long periods of time (realistic amount of time you should own a car this expensive) concerns me. Not sure if the car will have enough range after 6 years Not sure if it will be a good car to start a family with. I know it is one of the safest cars on the road but I don't know if it has the storage space to be competitive. I have ~$1800 a month of disposable income and I could get a Model 3 for somewhere between $750-$950 after all other expenses. Ok, I'm done rambling. I'd like to open this up to conversation now and get some other people's opinions on my current situation. Should I move forward with the Model 3 purchase or am I just an immature recent college graduate who doesn't realize he could be economically crippling himself? Please any comments and suggestions on this would be very much appreciated. Let me know if I missed anything on all of my studying or if you think this could actually work. Please also feel free to be a blunt as possible, I can take it Thanks.