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Updated about 3 years ago, 11/07/2021

User Stats

99
Posts
52
Votes
Dulce Beltran
Pro Member
  • Real Estate Agent
  • San Diego, CA
52
Votes |
99
Posts

Buy a Tesla Model 3?

Dulce Beltran
Pro Member
  • Real Estate Agent
  • San Diego, CA
Posted

I am in the position to go green aka electric thanks to solar, the numbers all make sense to move in this direction. My net out of pocket expense is roughly $14K, finance it with a low payment, and rapidly pay it off. Of course this is inferring I receive the Fed Credit, CA state rebate, and cash for selling my current vehicle. 

Here's my dilemma, I know vehicles are depreciating liabilities, Tesla does not guarantee their batteries (many do not w/the exception of Hundyai) and it adds to my personal DTI which of course effects the ability to purchase additional RE. After learning of RE potential wealth growth, I no longer value a vehicle as a consumer, I see it as a liability. With that said, in RE we learn to pay ourselves first, this would be a way to pay myself first. Lastly, any vehicle I have purchased is a vehicle I intend to keep for 20 years before purchasing another.

What would you do? 

  • Dulce Beltran
  • [email protected]
  • 858.333.7597
  • Loading replies...