20 years old, willing to handicap myself financially to own a Tesla Model S.

You may be willing to "screw yourself financially" for a $75k car, but the bank won't want to screw themselves. The bank won't give you a loan for that car.

Come back to us when you get cleared for $75k financing for a car. Until then, this is just dream talk.

 

It's the fastest depreciating asset you can buy. Don't do it. In the end, it's just a car.

 

Be smart man.

Don't buy a car that is worth over 2x your yearly salary.

Get you a nice new car for about 25k (or a 2014 model for a few K less) and call it a day.

 

If you're intent on blowing your money, spend it on experiences (travel) and not stuff.

 

Honda Civic breh.

Will not regret.

 

Best advice.

 

i agree.

 

Traveling is overrated. Spend your money on strippers and live life the Harden way.

 

You're obviously not from Dallas. Spend more money than you can afford to, buy things you don't really need, those things will attract the strippers. It's a simple plan.

 

go to bangkok get cheap strippers = do both & come out even.

 

Having a car in NYC is such a nuisance. I wouldn't even bother unless of course this Tesla can teleport you from place to place.

 

Breh, as people have mentioned, buy it and become an uber driver to pay it off. It's a foolproof plan.

 

Yolo, the Telsa going to get you mad girls and even help you get a higher paying better job. It's all about the imaginary status you portray onto others that will make you succeed.

 

You don't even have to drive if you buy a Tesla (and that's good), just saying

 

$20/ hr in NY is like minimum wage in Houston right?

 

what's so special about it? it looks like something drake would drive while he is lent rolling his cardigan. go for a classic roadster!

 

Just.Dont.Do.It.

Spend your bank on getting laid.

When you buy your first car, PAY CASH. That hey-I-m-driving-a-brand-new-car feel lasts for about a year. The car payments last for five.

Cars are a depreciating asset. Its hard to sell a car after you buy it and get all of your money back. On the back of napkin, you can figure out how much a car will cost you per every year you own it.

The money move may be to buy that used Civic. You spend very little per year. Your sunk cost is also low.

 

Get a CLA

 

His plan is fine as long as he plans to live with his parents for another 10 years.

 

Spoiler