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What to do with down payment?

Discussion in 'Roadster 2020' started by MaxPowers, Apr 16, 2019.

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  1. MaxPowers

    MaxPowers Member

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    Nov 22, 2018
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    Well everyone,

    I'm pretty close to saving up the down payment for the reservation on 2020 Roadster. I'm debating whether to put down my reservation now or wait until Tesla gets closer to building it.

    It's currently invested in the stock market so the more I wait the more it will grow. But the longer I wait the more people will get in front of the line.

    I'm leaning towards waiting. I'm guessing whoever wants a roadster has already reserved it anyway. Maybe there won't be too many new reservations until they start building.

    What's your thought?
     
  2. MakeUSGreat

    MakeUSGreat Member

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    Orlando
    Save your money and wait, invest instead until they start delivery
     
  3. glide

    glide Member

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    Returns are guaranteed now? Who knew.
     
  4. Pinot.Noir

    Pinot.Noir Member

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    Livermore, CA
    I still have not ordered. I'm in no rush...prefer to avoid the glitches in the first year. In the grand scheme, I don't think we are talking the sort of wait times that Model 3 experienced.
     
  5. MaxPowers

    MaxPowers Member

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    Not Really :). In fact I'm investing at the top of the market. I should have started saving in 2008. I'm pretty sure that when Tesla starts selling it, we'll most likely be in a market correction if not a recession.

    If that happens I'll just wait it out. It's a small gamble.
     
  6. CarlK

    CarlK Active Member

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    I've had my reservation down the day one. Did not need the money and had no idea how hard it would be to get one. However at this point it's probably best just to wait til more info is out.
     
    • Like x 1
  7. tonybelding

    tonybelding Active Member

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    Hamilton, Texas
    I've been thinking about this, since I haven't put in my deposit either. I don't think it's urgent right now. However. . .

    I've got a feeling that Tesla may be hit with a flood of new orders after the first cars are delivered, when the reviews start coming in, and the videos on YouTube. Probably a good idea to beat that rush.
     
  8. MaxPowers

    MaxPowers Member

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    That's a good point.
     
  9. TMarque

    TMarque Member

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    Aug 14, 2018
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    Madison WI
    @CarlK

    Would do so if guaranteed first batch delivery. I hope you are! When they were first announced, and I had the money, I would have pounced, as this is going to be the best automobile ever made. Not only is it literally capable of snapping necks, you can go 600 miles on one charge.

    I can’t bring myself to do it knowing there may be no benefit, and as far as guaranteed returns, $50k in a high yield savings is 2.0% compounded daily, and that’s almost as much of a guarantee as the sun coming up if you use a reputable bank. By the time the Roadster comes out you may have netted better than an insignificant amount of change.
     

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