Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Goals, Business Plans & Entities
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 5 years ago, 12/18/2019

User Stats

15
Posts
6
Votes
Cameron Philgreen
6
Votes |
15
Posts

Talk me out of this car cashflowing strategy

Posted

Disclaimer, this post is about a CAR, not real estate.

Talk me out of this:  Used 2018 Tesla model 3.  Was bought new at $61,000, 8000 miles, selling for only $47,000 (30% off).

What if: $10,000 down. $37,000 loan at 1.99% APR (special EV loan). Payments will be $590/mo, which means I could rent it on Turo SIX DAYS PER MONTH and be cashflowing already. Any rented days after that is positive cashflow.

On top of that, we get a fun, economical car that drives itself on the highway.

Talk me out of this, why would I NOT go through with this deal?

Or if you think it's fool-proof, tell me why!

Trying to do this deal this weekend, so respond quickly!

Love y'all.

Loading replies...