New grad - Should I buy a Tesla?
New grad here! Obviously excited. Got my first job. Elon announced the 35k Model 3 a while back as well. I have heard a lot of the assets vs liability talk and how it's best to lease a car. But hey, I like driving a Tesla. Should I buy one? TC: 150k
No, dont become a meme
Buy a $5000 used Honda or Toyota and invest the rest. You’ll thank me later
A lease has to be the worst way to get a car 🤦♂️ with the possible exception of taking a bad loan for full retail with all add ons
Do it! I bought a 2 year old Mercedes as a gift to myself when I got my first job.
The best way to buy a car is to live in a metro where you don't need one. Second best is to buy a cheap one cash
Live your life and celebrate. Everyone on blind is depressed anyways with their penny pinching
Sometimes purcahsing consumer goods is "living life" but it can also be just a response conditioned by effective marketing. Good to be really self aware about this when borrowing to buy things that depreciate quickly
Celebrate what? That you dumped cash in a depreciating asset? The dopamine rush will fade away not too long after the purchase. Be smart buy used. Or travel, live more own less.
After paying off your debts, emergency fund, maxing retirement contributions
OP wants a tesla. Get a used one and be done with it. Never lease. And never buy new. Certified pre owned is where its at.
Even if you buy a new Tesla you might be buying used. Make sure you at least get a 2019, bc Tesla is delaying registration of cars so that they can resell returned lemons as news cars.
Tesla is delaying registration of cars so that they can resell returned lemons as news cars.
Are your student loans paid off and do you have a six month emergency fund? If not, then buy a cheaper used car and get your finances in order
I could pay off my student loans in about 5 months. And then a six month emergency fund..so you are saying get it after a year?
If owning a Tesla is super important to you, then yes that would be the time. Consider your priorities and make deliberate decisions with your money. Always try to keep your daily decisions consistent with your long term goals.