How I bought a Tesla for $78 Per Month

by Graham Stephan

📚 Main Topics

  1. Online Car Buying Experience

    • The ease of purchasing a Tesla Model 3 online without prior experience or test driving.
    • Comparison to traditional car buying methods.
  2. Cost Breakdown

    • Initial price of the Tesla Model 3 and additional costs for upgrades.
    • Explanation of federal and state rebates that reduce the effective price.
    • Financing options and their implications on overall cost.
  3. Delivery and Ownership Experience

    • Initial expectations for delivery time and actual delays.
    • First impressions of the car upon delivery and any issues encountered.
  4. Financial Strategy

    • Tax benefits associated with purchasing the car for business use.
    • Calculation of effective monthly cost after rebates and tax write-offs.
  5. Surprise Reveal

    • The excitement of surprising a family member with the new car.

✨ Key Takeaways

  • Convenience of Online ShoppingThe process of buying a Tesla online is likened to a seamless e-commerce experience, contrasting sharply with traditional dealership visits.
  • Hidden CostsThe initial price of the Tesla Model 3 can be misleading due to additional options and upgrades that quickly increase the total cost.
  • Financial IncentivesUnderstanding available rebates and tax credits can significantly reduce the effective cost of purchasing an electric vehicle.
  • Delivery ExpectationsBe prepared for potential delays in delivery times, as initial estimates may not always be accurate.
  • Long-term Financial PlanningFinancing the car can be a strategic decision, especially when considering potential returns on investments versus paying in cash.

🧠 Lessons Learned

  • Research and PlanningThoroughly research all costs and incentives before making a purchase to understand the true financial implications.
  • AdaptabilityBe flexible with expectations regarding delivery and be prepared for changes in timelines.
  • Embrace Online TrendsAs online shopping becomes more prevalent, adapting to this trend can lead to more efficient purchasing experiences.
  • Leverage Financial ToolsUtilize financing and tax strategies to minimize out-of-pocket expenses and maximize savings.

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