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

Discussion in 'BBS Hangout' started by jacoby, Nov 30, 2015.

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  1. jacoby

    jacoby Member

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    I've been a huge Elon Musk fan for a while now. I've decided that I'd like to own a Tesla.

    I have 13 thousand dollars saved up and I make 17 per hour at my current job. I obviously can't afford it but I'm due for a raise to 20 per hour soon and plan on living in my father's building (which has a garage) for a few more years. (so rent free)

    Is it even sustainable to pay off?

    inb4mocking. I know it's stupid, but I'm willing to screw myself financially for this car. Is it even possible at the moment though if I make payments?
     
    #1 jacoby, Nov 30, 2015
  2. Bobbythegreat

    Bobbythegreat Member
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    What state do you live in? It makes a big difference.
     
    #2 Bobbythegreat, Nov 30, 2015
  3. MystikArkitect

    MystikArkitect Member

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    "Please dont"

    30 year old you.
     
    #3 MystikArkitect, Nov 30, 2015
    1 person likes this.
  4. jacoby

    jacoby Member

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    lol. New York City.
     
    #4 jacoby, Nov 30, 2015
  5. Haymitch

    Haymitch Custom Title
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    OP is trying to show up the other car recommendation thread.
     
    #5 Haymitch, Nov 30, 2015
  6. Phillyrocket

    Phillyrocket Member

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    #6 Phillyrocket, Nov 30, 2015
  7. tochiee22

    tochiee22 Contributing Member

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    Hook it up with a job for a fellow clutch fan
     
    #7 tochiee22, Nov 30, 2015
  8. Bobbythegreat

    Bobbythegreat Member
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    I wouldn't.
     
    #8 Bobbythegreat, Nov 30, 2015
  9. FrancisFan

    FrancisFan Contributing Member

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    I would hope that no one would give you a loan for one. If you lease it, it would be like $1,100/month with like $10,000 down...not a good idea....

    Maybe save money and wait until for the Model 3?
     
    #9 FrancisFan, Nov 30, 2015
  10. DudeWah

    DudeWah Member

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    Just wait a few years.
     
    #10 DudeWah, Nov 30, 2015
  11. jacoby

    jacoby Member

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    Is there any information out on the Model 3? Might as well look it up myself...

    35k is doable though. Will it be comparable to the S?
     
    #11 jacoby, Nov 30, 2015
  12. Phillyrocket

    Phillyrocket Member

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    Let me give you some advice I wish someone would have given me. If you are single and living rent free and managing to squirrel away quite a stash keep it going. Buy some property, a house, condo, etc. Don't buy a car. Or just plow it into an IRA. Don't blow it on a car.

    Did I mention DON'T BLOW IT ON A CAR?

    Eventually you will meet a chick who will require you to spend money and you will be amazed that even though you earn way more than you did you are now always broke.:p
     
    #12 Phillyrocket, Nov 30, 2015
  13. DonkeyMagic

    DonkeyMagic Contributing Member
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    Go for it. Screw the haters
     
    #13 DonkeyMagic, Nov 30, 2015
  14. ThatBoyNick

    ThatBoyNick Member

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    Jacoby is paulftsk??

    Just do uber to pay for it bro $$$
     
    #14 ThatBoyNick, Nov 30, 2015
  15. FTW Rockets FTW

    FTW Rockets FTW Contributing Member

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    You live only once

    Go for it. No point regretting later.

    If needed borrow some $$$ from bigtexx - it's cheap change for him
     
    #15 FTW Rockets FTW, Nov 30, 2015
  16. Buck Turgidson

    Buck Turgidson Member

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    Don't listen to this guy. You have a great plan, ask your twitter/facebook friends, they will surely agree. And never, ever forget to constantly visualize "how ****ing cool will I look!?!"

    No matter what anybody else says, just remember: making large financial commitments as a teenager while living off of your parents is ALWAYS a great long-term investment strategy.
     
    #16 Buck Turgidson, Nov 30, 2015
    1 person likes this.
  17. Medicine N Music

    Medicine N Music Contributing Member
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    No, not at all. A 75k car is not going to be comparable to a 35k car.
     
    #17 Medicine N Music, Nov 30, 2015
  18. elrond

    elrond Member

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    Have you thought about what your plan is after this car? Drive it til it dies, or sell after a certain # of years? I've heard that resale value on pure electrics may be pretty bad since there may be a pretty large cost to replace the batteries once they start getting worn out, so you may want to research this a bit.

    Not an issue for most of the folks who buy Teslas, but if you're going to mortgage your future for this car, should know what you're getting into :p
     
    #18 elrond, Nov 30, 2015
  19. Nook

    Nook Member

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    Nope.
     
    #19 Nook, Nov 30, 2015
  20. Torn n Frayed

    Torn n Frayed Member

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    Only if you use if for uber...
     
    #20 Torn n Frayed, Nov 30, 2015
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