I have a 2013 Audi A7 (72K) financed for around $1400 a month. I also spend about $70 on premium gas every 5th day (without any long trips) with a monthly gas cost of around $420-450.
I called Tesla local dealer about ordering Model S and it will cost about $107K including sales taxes (before the federal tax deduction benefit) and I need to finance that amount to take the delivery of the car.
Financing over 100K will raise my monthly payment quite a bit, but hopefully I can count in the $400 savings in gas towards that! I am assuming my electricity bill will go up (in Florida) only by $50-100.
So if I am using all my gas savings for the new auto loan payment, I keep questioning myself what am I getting with model S for extra 30K compared to my beautiful A7. Most obvious gain is in the performance section (0-60 from 5 seconds to low 4 seconds).
Dealer will accept the trade in for my A7 not on their own but from the appraisal provided by "auto nation". He also mentioned that I could try to sell my A7 to another party (like car max or Audi dealer) and they will still try to work out the tax benefit into the final sale.
I always managed not to lose too much money in the trading process( I hate selling cars on my own as it is a hassle and I also get the tax benefit from the new car)till now.
I love to experience new auto technology but wondering how much negative equity I may end up after appraising my car, as they usually give you the lowest black book value unless you buy a new car from them.
Now the expected date of delivery from the ordering date seems to be only two months and my A7 appraisal may hold its value.
Any thoughts from the readers in similar situation is appreciated.