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Updated about 3 years ago, 11/07/2021
Buy a Tesla Model 3?
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?