Seems like the beginning of the end on this. I applaud the effort, just not quite prime time for this technology.
I've had my 2018 Tesla Model 3 for 6 years…the car has been flawless. I currently have over 130,000 miles. Plan is to take it to 400,000miles or 600,000miles. Best car I've ever driven.
Seems like it's just the beginning, Tesla will continue they have plenty of cash. They are in a better place financially than the majority of vehicle manufacturers.
So how do the Tesla financing deal with negative equity? If the tax credit is applied point of sale, does that count at all to paying down the negative equity? As in let's say you trade in a car you owe $5k on, the $7500 is applied at sale. Does that mean that you still need to cover the $5k difference or is the credit like you're paying cash and you're good to go?
Difficult choice knowing the updated Y will be out probably within a year. Looking at the new 3 for what Tesla will include in the new Y. But if we wait for the new Y, the interest rate probably won't be 0.99% and may not qualify for the $7,500 tax credit, and Tesla may raise the price of the vehicle.
This is my predicament too, on top of that the Colorado EV credit goes from $5k to $3.5k next year, so at best it'll be $1500 more for me.
Who knows, if Trump gets elected, he'll do everything he can to get rid of the $7500 incentive altogether, and subsidize gas more. That'll blow up the EV market.
On the other hand, how much cheaper can these get and how much could you even lose on a $42k car like the model y. They're selling several years old with 10s of thousands of miles for seemingly very little off the cost of a new one.
I don't need all you morons throwing out hertz stuff, their cheapest model y is $35k and comes equipped with the essence of a thousand asses (used as a Uber rental). Or some bullshit cargurus search where seedy lying used car dealerships. CarMax and Carvana have model ys in the 35k +/- 5k depending on year and milage.
I've had my 2018 Tesla Model 3 for 6 years…the car has been flawless. I currently have over 130,000 miles. Plan is to take it to 400,000miles or 600,000miles. Best car I've ever driven.
Seems like it's just the beginning, Tesla will continue they have plenty of cash. They are in a better place financially than the majority of vehicle manufacturers.
Same here had my mid-range model 3 for 6 years and after 111k miles, zero issues. Battery still charging to about 90%. Just bought my 3rd set of tires. Best car I have owned.
In the time that I have owned the car, PG&E has raised the price from .13kw to .35kw. At this rate in a couple of years there will be no gas savings.
So how do the Tesla financing deal with negative equity? If the tax credit is applied point of sale, does that count at all to paying down the negative equity? As in let's say you trade in a car you owe $5k on, the $7500 is applied at sale. Does that mean that you still need to cover the $5k difference or is the credit like you're paying cash and you're good to go?
The way it was explained to me is the $7500 could be used as part of the down payment and tax, but they have a target loan to value ratio. So, I was told, it's likely id have to pay the difference between $7500 and down payment + tax. I'm guessing you'll get a higher percentage or they might not be able to finance more then 100% of the new car value minus the down payment.
Same here had my mid-range model 3 for 6 years and after 111k miles, zero issues. Battery still charging to about 90%. Just bought my 3rd set of tires. Best car I have owned.
In the time that I have owned the car, PG&E has raised the price from .13kw to .35kw. At this rate in a couple of years there will be no gas savings.
Honest question, why don't you get solar? With those types of prices, even without an EV, you're probably paying $300+ a month if you are being frugal in a small home, when it's not super hot out! If you finance through Tesla solar, at a meh rate of 7.75% and pay down the load using the tax credits, you can get a 17kw system for 271 a month, which sounds like your break even period is practically right away.
In Colorado we have 7¢/kwh from 7pm-1pm, then 15¢ 1pm-3pm, and 23¢/kwh 3pm-7pm. It's a little whacky but we just do all our laundry n stuff after 7pm and pretty easy to charge an EV 7pm-1pm for the vast majority of people. Last month we used about 500 kwh and paid like $75. Solar just doesn't make financial sense to us, but we exist in a different universe from Californians.
If you have solar or cheap off peak electric rate economy gets even better.
My model 3 was the most reliable car I've ever Owned. Repair costs of $1500 over 5 years and 108k miles.
Compared to previous cars repair costs Parity with a Lexus ct200h, less than the toyota Rav 4. Less maintenance visits/time than both.
That excludes replacing tires once for each car in 100k miles.
Depreciation -Just sold it for 50% cost of a new one.
I have mazda 6 and my repair costs are $53 over 85k miles.
Man… all these people downvoting an actually great deal because the guy put the wrong pricing.
Way to totally ruin the point of this website.
Talk about self sabotage lol
Might as well assume that you drive 1 000 000 miles in a semi and your gas savings in model Y would be $150 000 000 a year.
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Nope. Tesla is no longer doing the referral bonus
Damships and Beario a few post up answered our question and how to get around the deposit.
New purchase only.
I've had my 2018 Tesla Model 3 for 6 years…the car has been flawless. I currently have over 130,000 miles. Plan is to take it to 400,000miles or 600,000miles. Best car I've ever driven.
Seems like it's just the beginning, Tesla will continue they have plenty of cash. They are in a better place financially than the majority of vehicle manufacturers.
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Who knows, if Trump gets elected, he'll do everything he can to get rid of the $7500 incentive altogether, and subsidize gas more. That'll blow up the EV market.
On the other hand, how much cheaper can these get and how much could you even lose on a $42k car like the model y. They're selling several years old with 10s of thousands of miles for seemingly very little off the cost of a new one.
I don't need all you morons throwing out hertz stuff, their cheapest model y is $35k and comes equipped with the essence of a thousand asses (used as a Uber rental). Or some bullshit cargurus search where seedy lying used car dealerships. CarMax and Carvana have model ys in the 35k +/- 5k depending on year and milage.
Seems like it's just the beginning, Tesla will continue they have plenty of cash. They are in a better place financially than the majority of vehicle manufacturers.
In the time that I have owned the car, PG&E has raised the price from .13kw to .35kw. At this rate in a couple of years there will be no gas savings.
In the time that I have owned the car, PG&E has raised the price from .13kw to .35kw. At this rate in a couple of years there will be no gas savings.
In Colorado we have 7¢/kwh from 7pm-1pm, then 15¢ 1pm-3pm, and 23¢/kwh 3pm-7pm. It's a little whacky but we just do all our laundry n stuff after 7pm and pretty easy to charge an EV 7pm-1pm for the vast majority of people. Last month we used about 500 kwh and paid like $75. Solar just doesn't make financial sense to us, but we exist in a different universe from Californians.
If you have solar or cheap off peak electric rate economy gets even better.
My model 3 was the most reliable car I've ever Owned. Repair costs of $1500 over 5 years and 108k miles.
Compared to previous cars repair costs Parity with a Lexus ct200h, less than the toyota Rav 4. Less maintenance visits/time than both.
That excludes replacing tires once for each car in 100k miles.
Depreciation -Just sold it for 50% cost of a new one.
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Way to totally ruin the point of this website.
Talk about self sabotage lol