350k income, no loans. Is buying a new Tesla a bad decision?

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Hahahah I am an associate who makes 85k and have one. Go for it. I mean I am saving so much gas money with all that driving I do (okay that is how I justified it to myself)

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Op was talking about the new model s plaid.

Every single car-enthusiast friend I have that has bought a Tesla cannot wait to get rid of it…

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Great answer P2! Now I understand.

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Pass on it.

Buy it, dont lease it, they hold their value pretty well

But I a new car is usually a bad decision. They depreciate almost immediately. Buy a property instead.

A1 by buying a used car for $20k instead 😂 Do whatever you want man, I’m just saying I generally prefer my investments to appreciate with time. Do you.

helpful

Do it, pay cash for it, drive it for 5 years.

Serious or flexing 💪🏽🤔

Get a Dodge Viper instead

There are so many other options for electric vehicles that are so much cheaper - Volvo has a new one, Volkswagen has a new one, etc., and all are like half the price of a Tesla

Oof. I missed that. Thanks. That’s a lot of dough. I think Plaid is cool too, but no dice until the Mtgg is paid off.

With you on this- if you were to do a 5yr fiscal analysis it would be as cheap as a Toyota Camry.
We’re in our second- the first was an S and it sold at nearly half original coat after 4yrs and 80k miles

Well money is definitely not an issue, I guess your question is if it’s the best use of your money?
The answer is - it depends on what you value.

I would do it 🙂

Yes it as very bad idea cause Elon messes up the stock market regularly
Wish cancel culture could get him
Hahaha
Just joking and don’t own any Bitcoin or dogecoin or whatever coins the flavor of the day

Great decision. Bought mine a year ago and still love it. Also pretty economical if you get a 3 or Y

Nah, for that go for RS Q8 or something sweet. Telsas are a dime a dozen, especially yawn on the west coast.

Does Tesla offer any discounts or negotiate or the online price is the price you pay (new models)?

Nope. Same price for everyone. No advertising either. End of quarter discounts do happen

Underwhelming interior, no way feels the price

Seriously?

Go for it

If you have that kinda money, and aren't thinking about anything else other than 0-60 in 1.9 seconds - go for it since you've almost made your mind to get it.

Just be aware that the fun of accelerating so fast will soon fade away, will reduce your mileage and hurt your tires.

If you want to make an informed decision with your 8 month salary, you should definitely compare it with other options in the market.
Also, why don't you get something that will give you more value. Look at Mercedes EQS - It is so much better than the Model S Plaid if you compare what it has to offer as a luxury vehicle. If you're paying 130K, better get something that might catch someone's eye. The model S is so commonplace, no one even turns their head to see them anymore.
Another option is the model X. An SUV is more practical and if you raise a family now or in the near future, you will need more space. And those falcon wing doors are a huge flex.

The EV market is gonna evolve tremendously in the next 18-24 months. So we don't really know how the depreciation curve for any of the current EVs will look like. A reason why Teslas don't depreciate much is the fact that there's no competition right now - there's either a second hand tesla or a brand new one.

I can guarantee 98% of the people responding do not make $350k a year. Just the buy the Tesla and live your life.

My personal opinion, is that it’s not about income. Do not buy a new car unless you are have $1 million worth. Pay cash for whatever you can get, whether it is a used Honda or used Lexus or whatever your price range.

$1M NW is so arbitrary and dependent on the car you buy. The new car comment should be never buy a new car if you’re concerned about good decision making. Paying cash for a vehicle is not sound given the low rates of financing.

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