My TC: $450k when I joined, now prob $350k due to stock price My partner TC: $200k I have a car worth $48500 before tax and I pay $730 per month. We are thinking of buying a second car. Would buying a $50k Tesla model 3 be a good choice? I have monthly payment for a house too. I like Tesla cars but if I do that it would be $1300/mon extra payment. I think I will probably have too much liability.
Just get a used reliable car in cash
I don’t like to spend too much on depreciating assets. Let’s say you have a budget of 70k.. take 35k car and 35k in tsla stock/spy would be my advice
Then stop eating then. They are consumables.
Tc: 650k, drive a x6m
Yeah but how much of that is liquid
Paid cash
I hate car payments, especially when they are higher than some people's mortgages. With that total TC, just save $30k and buy outright a really nice used car.
Thanks! I’d probably go with a new car though. Used cars are still as expensive as new cars so I think buying new car makes more sense
Auto loan interest rate less than expected stock growth?
Ioniq 5 better than Tesla
2nd car = project car. Buy a classic and rip out the engine; swap it with an electric motor. Live a little.
When someone says they’re considering another Tesla 3. Yea they’re not gonna be into that like us carheads. I don’t think homeboy can even hear his own engine
*digital engine noise plays from identical cheap interior*
Getting two model 3s < Delorean with flux capacitor included
Not Tesla
I told myself I wouldn’t spend more than 30k on a car. Got a used car with some warranty for 26k and wrapped it all within 30k. Spent all my bonus on paying it off completely. Thank god I did that. Otherwise, I would have put in stocks and they would have dipped completely. Now I have a car completely paid off and it’s a huge relief
Wow what a grossly overpriced car, my god Edit: also you’re TC means nothing here, we need to know your NW
Yeah totally agree. But Tesla is the only real player in the market.
about 1M, not married and no kids yet, but I’m 30+ yo