Another question from a new buyer. I decided to buy Model 3 LR RWD PUP for 55k with taxes. I secured the financing from 828 a month from 4.89 APR with no downpayments. It is not perfect but I feel with tax credit, gasoline and maintenance service considered in long term it will make alot sense. The thing is I have 2 cars in my posession and both of them still on financed. One of them is 2015 Ford Fiesta which is real pain in the ass. Odometer is at 67k and I hate that car. I bought it for my wife little more than a 2 years ago and it has a class-action lawsuit on it which is granted. If I managed to got repaired the gearbox 4 times I can get back the full value of the car of 15k. But it will probably take extra 4-5 years to get that level if it brokes 4 times in that timeframe. I still owe 7800 with interest on that car, monthly payments are 236 on 11 APR which is higher than usual and still 33 months left. Tesla gave me 5500 offer and actual payoff is 6900. So still I will be in 1400 in debt even if I decide to give it but save around 900 from interest. I want to get rid of it asap but still I dont know because of lawsuit. It might be useful in longterm assuming I got back the full amount of the car. There is also a risk factor that if it does not broke off from gearbox or got involved in an unforeseen accident in that timeframe that will be huge bummer. I have also 2015 Toyota Corolla S. That car is a rock. No problems so far and it has a good value. If I trade-in to Tesla, they will probably give me around 12k with current ODO 36k. Payoff amount is 8600 so if I trade it I have extra 3500-4000 to put. Monthly payments are 445 with 14 APR which is too much. and still owe 9400 with interest. But I am in doubt to trade it because its a good and reliable car. Even if I pay it in 2 years I can easily sell it around 9k or so. But monthly payments, gasoline and insurance are a little bit higher than Fiesta, probably 300 more a month. I got those with high interest sadly because I dont have any credit score at all 5 years ago. It was a hardcore mode for me to build it. I suck at math and I would like to figure out more realistic and financially doable solution in long term. There are too many variables and assumptions on the table. Anyone in here to help me with math?