Hello! I know this topic has been beat to death on numerous forums, so please forgive me positing one specific scenario...
I've been more than happy to wait as long as I need for my model 3 config to arrive (won't be until August at best I'd bet). However, a local 2013 Model S85 with 88k miles is for sale for 35k. While it's a base model with no tech package it has Twin Chargers, Air Suspension, and Premium Sound.
I can't get the thought out of my head of getting this car with the significant downpayment I have saved up (30-40%) and trading in/selling later solely in the hopes of getting out of my clunker now and hopefully getting my 3 sooner. Yes, even with an S in hand, I'd still have my eye on the 3!
Fiscally, I'll be in positive equity territory with this downpayment and the X months of payments until my 3 is available. Plus if the recent press holds true, this S will only depreciate about ~$1,300 in the next year which I see as the only money I'd really lose since this car seems to be on the low side of KBB value. Also, there'd be very little additional mileage put onto this car save a road trip or two since I have a 6 mile round trip commute to work.
I lose a little bit of money, but gain 9+ months in a Tesla and an earlier spot in line for the Model 3. My brain says it's not worth it but my heart says go for it! Has anyone here made a similar jump? Am I missing anything here?
I've been more than happy to wait as long as I need for my model 3 config to arrive (won't be until August at best I'd bet). However, a local 2013 Model S85 with 88k miles is for sale for 35k. While it's a base model with no tech package it has Twin Chargers, Air Suspension, and Premium Sound.
I can't get the thought out of my head of getting this car with the significant downpayment I have saved up (30-40%) and trading in/selling later solely in the hopes of getting out of my clunker now and hopefully getting my 3 sooner. Yes, even with an S in hand, I'd still have my eye on the 3!
Fiscally, I'll be in positive equity territory with this downpayment and the X months of payments until my 3 is available. Plus if the recent press holds true, this S will only depreciate about ~$1,300 in the next year which I see as the only money I'd really lose since this car seems to be on the low side of KBB value. Also, there'd be very little additional mileage put onto this car save a road trip or two since I have a 6 mile round trip commute to work.
I lose a little bit of money, but gain 9+ months in a Tesla and an earlier spot in line for the Model 3. My brain says it's not worth it but my heart says go for it! Has anyone here made a similar jump? Am I missing anything here?