What do you al make?

What do you al make?

I've been interested buying a Tesla for a number of years and it looks like once the model 3 comes out I'll finally be able to do that. I was wondering though, how much do you model S owners make?

I ask because I looked at buying a model S myself but quickly realized I could never afford one.

Currently I make around 40-45k a year.

So what does it tale to own a MS?

Goose | 2014年7月31日

you must be fun at a dinner party

DoctorU | 2014年7月31日

I don't make enough to have dinner parties...

DoctorU | 2014年7月31日


I didn't mean to bring the party down, I was just asking a question.

DTsea | 2014年7月31日

a pretty personal question.

Haeze | 2014年7月31日

Around $70k annually.

It depends more on how well you manage your money than on how much you make. If you manage it well, you should have a decent savings, which can be used as a sizeable deposit on the car (lowering your monthly payments).

You also have to consider how much you spend on gas, how many miles you drive and how much electricity costs in your area. Before I bought the Model S I had watched my fuel usage for a year, and I averaged $200/month in gasoline, and that I would spend roughly 1/4 of that on electricity to charge the car. This meant I could afford $150 higher monthly payment on a Model S than I could on a petrol car (since I no longer spend that much on fuel)

Also, this all depends if you can afford $1000+ monthly for the car payment, taxes, and insurance.

Lubdub | 2014年7月31日

Great answer Haeze

JPPTM | 2014年7月31日

...I make enough

Haeze | 2014年7月31日

I do wonder why people are so scared to mention what they make, especially on an anonymous web message board.

Grinnin'.VA | 2014年7月31日

I'm a retiree. Had a long, moderately successful professional career.
I didn't live like a miser or throw away my earnings like there is no tomorrow.
As a result, my income and savings enabled me to buy an MS85 without any strain.

But like most folks, I'm very reluctant to reveal details of my financial situation to the public.

Good luck.

Ron :)

Brian H | 2014年7月31日

Here's a variant:
How many could afford their MS outright, cash? (Including those who financed because Alliant etc. offered cheap money, less than personal ROI.)

buddyroe | 2014年7月31日

I can honestly say that I make well over 6 digits and can't afford a Model S. Now, keep in mind, my wife is a stay at home mom, so my income is the family's income. Also, I put 15% of my check into my 401k and 5-6% into my kids education fund. So, I'm down over 20% before I get started. Throw in the 15-20% I have to give to the Fed govt, the ~7% to Social Security, 6% to Georgia, $500 per month for healthcare, $300 a month for property tax, $150 per month for property insurance, $200 per month for car insurance (I have a 16 year old!), $60 per month for life insurance, $800 per month for groceries, $800 house payment (5 more years!), $100 per month for dining out (yep, that's all), $300 for gas, $100 directv bill, cell phones, savings, clothing for 2 teenagers, electric bill, among other misc bills, and at the end of the day, there simply isn't enough money for a Model S.

We honestly live like hermits. We NEVER go out to dinner - a big waste of money IMO. We never take grand vacations. My wife nor I spend any money on clothing. We don't have a boat, 4-wheeler, camper, or any other of those money pits. No lake house. No time share. We really live very tightly.

With that said, I am baffled every time I drive by Longhorn and people are waiting in line to get in, and the parking lot is full of $40-50k SUVs. Where are people getting this money? My neighbor who sold me our life insurance gasped when she saw my salary (on the forms). She said, "Wow, you make more than almost everyone I have written insurance for." And this is the lady that lets us use her lake house every summer because she feels sorry for her "poor" neighbors.

I would just like to figure out how I supposedly make more than most people (according to my neighbor), yet, I can't afford to eat at Longhorn and drive $50k cars. What's the freaking deal? Is there a secret or something?

Bubba2000 | 2014年7月31日

May be I am insecure or don't care for a lot of knick knacks. Always wanted to keep life simple. Saved, invested and paid for small house in cash. I do have to keep fiscal discipline at home. Saved like you, probably a larger %. With time accumulated and investments helped. Now I wish I had spent more in my younger days, done more traveling, etc. I bought the P85 with surplus cash. Why not? In a few years I will kick the bucket, and it have seen how heirs spend!

I am glad Elon is on a mission and he has passion. I can see it in the Model S. Don't see that in the Volt!

7thGate | 2014年7月31日

I don't think its so much how much you make, as what you are willing to give up. The richer you are, the less you have to sacrifice. Most adult Americans make enough that they could buy a Model S, but it isn't such a high priority for most people that they would be willing to sacrifice the necessary things to get it.

Basically, anyone who is willing to live like someone who makes ~$18,000 per year less than them for 5-6 years and has good enough credit to secure a loan can technically afford a model S. Since the poverty line for a family of 4 is $24,000, its reasonable to assume that anyone making over $42,000 could get one without putting their family into poverty, so I could call that the floor. Realistically, most people have different priorities, and usually need to have significantly higher incomes than that before they feel the tradeoff is worth it.

All I would have to do to afford a model S is either put off purchasing a home and starting a family by 4 years, stop saving for retirement for 5 years, or some combination of the two. I'm not willing to do either, so I'm not going to get one.

I wish I could look forward to an $800 a month house payment though. A 4 bedroom here is probably going to be more like $3500/month plus $1000 a month in taxes, and will likely cost as much as my entirely current yearly expenditures.

Haeze | 2014年7月31日

I don't mean to sound condescending, or nitpicky... but it all comes down to each individual person's point of view. Each person's value in a dollar is skewed by their econimic situation, and their past experience. Someone who has been poor for most of their life can look at a $20 bill and see a world of possibilities, while a person who has been wealthy all their life can drop it and debate whether it is worth their time to even bend over and pick it up. Also, a poor person is willing to make more sacrifices to save money, such as car pooling, using coupons, not splurging on non-essentials like a new, bigger/better TV when the existing one works just fine. They are also more critical of what services they pay for, like $100/mo for television when the basic $30/month plan plus a $20 netflix subscription will do the same (or better) for less money (some like me just forgo the cable TV all together, and stick to Netflix only).

You say you live like hermits, but you spend $900/month on food ($800 on groceries and $100 on dining out)... That is VERY far from "hermit" status. Most poor families of 4 can survive on $200/month for food. You also said later in your post that you never eat out, but $100/month is pretty expensive for something you don't do.

You also mentioned $300/month for gas. How much of that is used by the primary car ? Because with an electric car, that amount can be cut by 75% or more.

Also, many people find a large chunk of their paycheck goes to credit card bills, which are primarily interest. If you are paying interest for anything but a house, car, or student loan, you are simply wasting money (and by now the student loan should have been paid off anyway).

Personally, I just look closely at what money leaves my account on a regular basis. If I deem it isn't worth the benefit of whatever I bought, or if something else would be more valuable than that, I stop buying whatever that lesser valued thing is. I bought a house that isn't quite as nice as the house I want, I don't get cable TV, I buy things I need when they go on sale rather than only when I run out so I can get better prices on them. That is how I afforded a Model S. (A $74,500 S85, since I saw no reason to spend frivolously on the Performance inverter, and I got the $13500 credit on my taxes).

Just from the things you mentioned in your post, if you were to scrutinize your grocery purchases more, you could save $200-$300/month. You could save $150-$200 in gas a month by driving electric as your primary car. You could save $50/month by ditching channels you don't watch on DirecTV. Right there is $400-$600 of the typical $1000 monthly Tesla loan payment.

With your means, it is easily possible... it just depends how much you wish to sacrifice to get there.

tesla-orlando | 2014年7月31日


I have been running some numbers lately.
I currently lease a Honda Odyssey 2012.
Managed to negotiate a pretty good $415 a month for 3 years with 15k a year, By the way i am already out of warranty(36k) after 20 months!!
So.. after 3 years this would be my out of pocket cost:
$2000 down.
$14940 payments.
$11666 gas for 60000 miles(my expected mileage) @ 18 m/gal @ $3.5 per gal.
$4500 -15000 over mileage charge @0.30 cent a mile per contract.
Total over 3 years $33106

Estimated Tesla Model s 85 kwh + tech Package financed for 6 years.
$5000 down out of $79900.
$5000 - Estimated Taxes and fees in Florida.
$39200 - 36 payments based on $1088 a month @ %1.5 from Aliant.
$2163 electricity based on Tesla calculator of 0.036 cents per mile @ $0.11 kwh and 60000 miles over 3 years(NOT deducting free cost of supercharger charges).
-$7500 Federal tax refund.
-$50000 Estimated resale value of 3 year old Tesla with 60000 miles(probably much higher based on today's Used price sale figures).
$38,343.08 - loan Balance after 3 years.
Total over 3 years $32206.08 !!!

tesla-orlando | 2014年7月31日

These numbers are for Tesla Model S 85 kwh WITHOUT Tech package!

Rocky_H | 2014年7月31日

Regarding @buddyroe, as @Haeze said, it's in everything you buy. You mentioned a couple things that didn't have any values attached to them--cell phones and clothing for teenagers. Many cell phone plans from the big providers are ridiculously expensive and have the 2 year contract upgrading treadmill with the newest expensive $600 or $700 phones. And no, it WASN'T just $99! They are collecting the other $500 of the cost of that phone in the inflated monthly payments over the next two years. Many families are paying $200 to $300 a month on cell phone bills. You probably could look into some of the cheaper reseller providers and probably cut that in half. (Plug for here) Ours run about $80 for the three of us.

Then clothing for teenagers? Hmm, how much do you give them for that? You may not have actually been tracking it. That can be done either pretty reasonably, or ridiculously expensively, or somewhere on the spectrum in between.

Also, sometimes people or families are ATM-ing themselves to death and don't realize it. The bills may not look that bad, but some cash comes out here and there and here and there, and you don't notice where it's going. Latte much? Going out to eat for lunch most days at work? Maybe those things aren't you, but they're some place to look.

We've been doing financial and budget counseling for years, so this is kind of our thing. You make over two times the national average household income, so the money is going somewhere.

tesla-orlando | 2014年7月31日

I do beleive some of you are missing the point.
Saving on expenses, cutting on budjet might not even be needed.
My above numbers show that out of pocket cost of tesla model s 85 kw is about the same as a competitive lease on a 32k car like honda oddyssey EX-L.

CRASCH | 2014年7月31日

Here is a thread with an income poll over on Tesla Motors Club...

There were two people (0.53%) with incomes under 40k.
There were twelve people (3.19%) with incomes between 40K and 60K

Keep in mind income does not always paint an accurate picture of wealth. I have a few friends that had trust funds and technically had a small income from them, but they were ridiculously wealthy. Those people can do a lot more with their income than others.

It is interesting to see what the demographics are and where you fit. It doesn't come down to how much you make, but how much you can afford within your budget.

If I was single and made 40-45K I wouldn't do it (but clearly could make it work) and with a family I wouldn't even consider it.

Sure for some of us we can just write a check and drive away. But most people can't, and those that can most likely couldn't always do that.

buddyroe | 2014年7月31日

@Haeze - you must not live in America if you think a family of four can eat on $200. that's $1.67 a day per person. No freaking way. I mean, I live in South Ga and my wife uses coupons and buys sales items. We don't eat the expensive organic meat or anything, and we spend $800 on groceries. We have occasionally been able to get it down to $680-700. You show me EXACTLY what you eat, and what you pay for the food for a family of 4 (2 adults, a 13 and 16 year old) to be able to eat on $200 a month and I will eat THAT for 5 years, give you 10%, and go by me a Model S . I can guarantee you that you CANNOT eat on less than $500 (family of four). If you can, tell me what you're eating. An no, I'm not eating Ramen (sp) noodles every meal.

And as far as eating out for $100. That is what we budget. We never go to sit down restaurants, but you will always find yourself in situations where you are out of town or some other reason where you have to eat fast food. $100 doesn't go very far. Especially when I see most people eating $60 and $70 meals at steak restaurants. We don't always use the full $100, but that's what we budget.

Do you even have a budgeting software? I doubt you really know what you spend on groceries if you think a family of four can eat on $200. Even food stamps for a family of four are over $500. I have YNAB budgeting software and I can tell you by month exactly what I spend on EVERYTHING - right down to toilet paper and deodorant. I mean everything.

Oh, there is NO SUCH THING as a basic cable package for $30. This ain't 1988 any more. And my $100 actually includes ALL TV and movie entertainment. It includes our BASIC satellite package, renting movies on amazon, etc. We haven't been in a movie theater in 20 years.

If you people are eating Ramen noodles and living in a tent just so you could get wealthy and buy a car, I feel sorry for you. I guess I'm not quite the hermit I thought I was. I do live a LITTLE. What's the point if you don't? I don't want any car that badly.

PhillyGal | 2014年7月31日

While a bit uncouth to ask, I find this topic interesting.

The truth is what folks above have said - income is not an indication of financial healthy at all. I bought my first house 11 months after college, having saved almost 10k for closing costs in those 11 months while my income was a cool 40k. That's WITH massive student loan payments and living on my own. (Well, with roommates.)

Meanwhile, I know plenty of middle aged folks with decent paying jobs who couldn't save 10k in a year if their lives depended on it.

Also, some people's entertainment budget alone if given up could theoretically make up the difference in cost between a 35k ICE plus gas and a Model S. So if you know you can swing it without your necessities suffering (housing, food, debts, RETIREMENT, emergency savings...) then your actual income level doesn't really matter.

Nanana26 | 2014年7月31日

Most people I know who drive a Model S spent more on their Model S than on their last car. Meaning they stretched their budget to buy it. I guess it happens if they really like the car.

Nanana26 | 2014年7月31日

"I do wonder why people are so scared to mention what they make, especially on an anonymous web message board."

it is only an annoying question if you don't make much money

I have never seen a rich person having issues saying how much money they make, hell, they usually tell you without even asking lol

Iowa92x | 2014年7月31日

I make pancakes.

Rocky_H | 2014年8月1日

@buddyroe, well done for using YNAB. I've heard really good things about that budgeting system. I do agree that unless you're going really really low (tuna whatsit casserole or Ramen or something), $200 a month on groceries for four people isn't very reasonable, but there's probably a level somewhere before it gets to $800.

We had lived on hardly anything when my wife and I got married at the start of our fourth year of college, so we were very careful and tight with our money. Then, we graduated, got real jobs, and our income went way up. It was like we had been holding our breath and let it out. Toss the budgeting that felt like a straight jacket and do whatever--lattes at work most mornings, don't feel like cooking again, so we'll go out for dinner for the third time this week, etc. etc. Basically we got pretty lazy and careless with it, but it was easily affordable because it was just the two of us, and we made a little over $100K. We then did get convicted about how bad our financial behavior was getting (Dave Ramsey class), so we decided to tighten the screws back to our college habits partially to prove we could do it if we had to. So we cut stuff back, lived on about $40K and paid off $60K in debt in less than a year.

Since then, we've loosened up a good bit because we're also at a higher income and are investing and giving more, but we have kept some of those better habits. We generally drove paid for used cars or $20K new cars, so the Tesla was a decision about when do we want to use our money. Have a bunch when we're old? I'd rather use some of that on a lifelong dream car that I can use now, every day, for the next 20 years and have a bit less in retirement.

Sluggo | 2014年8月1日

I make enough to afford a $500.00 a month car payment. Buying a Tesla is by far the most expensive vehicle I have purchased. I made a hefty down payment and then factored in fuel savings and savings on ordinary ICE vehicle service. I drive a lot of miles so fuel savings is significant. Car pool lane access also highly important. All told, the effective cost of ownership equals a typical car payment for a decent vehicle with the added joy of driving a Tesla.

Ouija | 2014年8月1日

Fun discussion. I admire you, Buddyroe, for not living your life in debt, like those you see with the big SUVs parked in front of fancy restaurants.

We're newly retired, frugal, no debt, will pay cash for our Model 3, which is what we can afford.

petochok | 2014年8月1日


Pulled out my old Sprint phone, dusted it off and activated a spare line on last night, porting my number from another prepaid provider. Thanks for the free plug! :)

As far as income levels go...
Should someone choose to answer the OP's question, I think the answer would be a good bit more beneficial if it were accompanied by a zip code where the given income was earned. For example, earning $75k/yr in zip 10950 is worlds apart from earning the same $75k/yr in zip 94027.
It's not only how much you make, it's also how much is left after all the bills are paid. Unfortunately, most people are only concerned with their dti when applying for a loan.
At the end of the day, two people earning the same living can fall into two completely different financial categories based on their geographical location alone.

cantcurecancer | 2014年8月1日

College student, currently working a full time internship making around $30k a year. College is stupid expensive, something like over half my salary. But I still live at home, so I am able to save some money for a Model 3 :). And once I get out of prison I won't have any student loans and will most likely get a big promotion if I decide to stay. My goal is to be in a good enough financial situation to pay out of pocket for the Model 3 once it comes out. I think I am very lucky to have a job in this climate, let alone a job in my field of study. I see so many people who graduate with six figure debt with no guarantee of a job...

College is a scam that preys on the middle-class. Maybe one day the taxpayer will throw young people a nickel and make college free instead of spending all of it on social security, medicare, and our military, all of which help the old at the expense of the young. Of course that would be socialism and we can have none of that.

Brian H | 2014年8月1日

More likely Soylent Green. 70 yrs old? Report to the food bank.

Red Sage ca us | 2014年8月1日

I still think that Will Smith should remake that movie, and every other that starred Charlton Heston.


cantcurecancer | 2014年8月1日

I was hoping for something more along the lines of Logan's Run. Please report for decommission

Bubba2000 | 2014年8月2日

I had a tightwad budge growing up and in university. poverty level. With rent, food, transportation, clothes. Even gf was low maintenance. Kept a tight rein after university. Even when professional and business incomes went up. Spent a little more, but could have enjoyed a lot more without dinging my cash flow much. Kept tight control of cash flow even when I got married and got kids. Before I knew, compounding worked the other way and assets accumulated. What did I loose? Time.

Wish I had spent more to enjoy life and done more things. Of course, I had no idea my finances would improve as much. Now I can not do as much as I could in my younger days. Back in the younger days, I used to look at the all the fancy food I wanted to eat, but could not afford. Now that I can afford it, I can not eat it... all that stuff about cholesterol, lipids, atherosclerosis, blood pressure, etc.

If I was in financially challenged, I would not spend big on any car. Get just a basic car like a Civic stripped and take good care of it. Get extra work. Focus on needs and not wants. Live on 50% of the income if possible. Pile in IRAs, HSA and savings account. Educate, take courses, etc improve skill set. Buy a house with huge down payment and only if income secure, otherwise rather rent. Technology allows for huge savings in electric, gas bills... use LEDs, insulation, ditch the cable, prepaid plans for phones, etc. I am going to check out the phone site mentioned earlier!

jordanrichard | 2014年8月2日

To OP, each person here could tell you that they make $ X, but how does that help you? I understand you are trying to get a consensus, but it's relative to where one lives, what their bills are, etc.

swakyaby | 2014年8月2日

DoctorU, I started my career with a 6 figure income and did not even consider a car as expensive as the Model S due to more pressing concerns--repaying my educational loans, building up a down payment for my first home, relocating and building up a down payment for an upgraded home, saving up for an emergency fund, and getting a good start on retirement savings. Now, 17 years later with a comfortable nest egg and contemplating early retirement (no pension), I am paying all cash for this amazing car and know it's in the budget.

It's not only what one currently makes; it's also what one has saved.

Buddyroe, I admire that you realize your budget does not currently allow for such an expensive purchase without making significant sacrifices or going into debt. You're just being realistic and financially responsible. By the way, I tracked my expenses in 2009 and was absolutely amazed that the grocery bills for my husband and I averaged $800 a month in addition to restaurant and fast food bills of $800 a month. And we don't even have children! My husband has been unemployed for the last 7 years, so we have a single income. You'll eventually have your dream car, but it may take until after your children graduate from college.

Exsedol | 2014年8月4日

An audacious question, but I'll explain my financial situation.

In short, I make a little over $100k/year, and that's expected to grow in ~3 months to $135k/year.

I am holding off on buying a Model S until next year even though I could have done so already. I care about cashflow (what's left after paying all my bills) more than anything.

Job income: $72k
I live in a 6 bedroom 3 bath detached home and have roommates paying me $2,400/month. All of my home expenses (PITI, cable, utilities) is about $1,400/month. That leaves $1k.

Soon I will be living in a new house and renting out my old bedroom for $750/month (~$1700/month cashflow on that house). I will be renting out 3 bedrooms in the new house for $1800/month and breaking even on expenses for that house.

In addition, next month I'm acquiring a third investment property that is break even cashflow but owner financed such that every month I pay down $1100/month in principal. After 5-6 years, it will be paid off and worth ~$200k.

My current gross income is $6,370. Here are my budgets that I track on and YNAB:
- Groceries = $200 (I spent $101 last month - I shop at Aldi)
- Restaurants = $200 (I spent $127 last month)
- Gas = $230 (Civic SI 2013)
- Phone = $30 (my work refunds me for this)
- I generally don't spend on alcohol, clothes, or consumer goods
(I already bought all of the stuff I want--gaming pc, laptop, tablet, entertainment center, speakers, headphones, etc)

Before buying a Tesla, I will pay off ALL of the loans I took out to fix up these houses for renters (already paid off $20,000 in loans). Once that's done and I have a $10k down payment, I will buy a P85 in silver with 19" wheels, black leather, pano, tech, sound, sensors, fog.

My rule: first have the cashflow from assets to pay for the Tesla Model S.

After buying the Model S, I'll tie the knot with the lady :) I'm 26.

Rocky_H | 2014年8月4日

@TSLAHolic, Bubba2000, That's cool that you guys are looking into Ting. I've been with them for about a year, and it's been great for us. Ting and Tesla are my two favorite companies. They value excellent customer service as one of their top priorities. Well, Ting is actually a part of Tucows, so that company philosophy is theirs. So I would love to support Ting, even if they weren't also saving me money.

I'll add a couple more little things about it. They have a really handy tool on their website, where you can compare your current usage of the past few months with what it would have cost on Ting to see if it would have saved you some. Here's that:

And then, if you do want to try it out, we can each benefit. Customers have referral links, so you can start off with a $25 credit in your account if you use this referral link, and I'll get $25 as well.

I'm not trying to be spammy with this, but Ting is one of the best things I've come across in quite a while. I held off getting a smart phone for quite a while because I live in wi-fi almost everywhere, so I hated that every carrier wanted to force me to have a data plan I didn't want, or larger than I wanted. With Ting, it scales to what you use, so it's an appropriate amount, and if you want to use just a little or no data, you don't have to pay for a bunch extra. Also, it works out great for multiple phones sharing usage.

Rocky_H | 2014年8月4日

And TSLAHolic, since you just activated, Ting will usually put in a referral credit shortly after the fact if people missed it somehow. If you contact them and give that link and/or my email address:, they may be able to apply it.

OK, back to our regularly scheduled Tesla stuff!

petochok | 2014年8月4日

I just dropped them a line via email and gave them your info. Hopefully, it works. Thanks again!

Iowa92x | 2014年8月4日

What Bubba said above, he tis wise. Compound interest is a beast, I'm a puny investor and on good days make $4,000 on stocks.

Joshua Burstyn | 2014年8月5日

The wife and I aren't rich but we work 24/7 outside of spending time with the baby. We can only afford the car because we've prioritized it versus other luxuries like fancy dinners out, lavish vacations and even some boring stuff like Cable TV, new computers, etc.

Drakester347 | 2014年8月5日

YOLO! That's what I did...

Bubba2000 | 2014年8月5日

Exsedol at 26 years got me beat. He is like Warren Buffet and a real estate mogul in the making! I know another guy who did something similar but it was with apartment buildings. He buys only during economic crisis from banks, S&Ls at fire sale prices. Apartment buildings have economies of scale. During 2008-9 they were going a slow as $22k/door in places like Phoenix, AZ.

For somebody who has finances in order and can pay cash, imho, Model S is a great car. As time goes by, the car becomes very reliable with all the kinks out. Low maintenance, no gas stations, no oil changes, brakes last a long time, great electronics, gps, internet, etc. With SC network deployed, 85 KW-hr is ok. Sure I would love to have 150 KW-hr battery, AWD, etc. I am careful driver, but safety systems like ACC, anti-collision, lane change warning, auto-pilot will certainly help.

I think for most people Model 3 is the one to have. Starts at $35k but with options, bigger battery, etc it may go to $50k. Overall, better off than buying a fancy Honda Accord on a BMW 3.

Timo | 2014年8月13日

I make quite a lot of coffee. Couple of pots / day.

Tiebreaker | 2014年8月13日

So did you guys finally find out what Al makes?

Brian H | 2014年8月13日




TeslaWestCoast | 2014年8月15日

I certainly don't make enough to purchase a Model S, but the Model 3 is definitely on my radar. If all goes well, I should be able to save enough to pay cash for my Model 3 (or close to it). I have purchased two used cars and paid cash for both.

Model S is an awesome, revolutionary vehicle, but no car is worth not having a house and depleting emergency savings for a luxury item.

sklancha | 2014年8月17日

There is nothing new or enlightening that I am adding to this thread, but I fell compelled to bite the bait nonetheless.

I have been fortunate enough to spend most of my adult life living well below my means, however, I still enjoy buying some of the finer things in life at times. If my world would revolve around financing said luxury- it is too expensive for me. If I can figure out how to acquire the item without any notable change in lifestyle, I get it.

If the vehicle was any other $100,000 car- the cost of ownership would be well outside my comfort zone. As it is, the cost of ownership is very low- so it was just a matter of making the financing palatable. When I did the math a $30,000 loan would not make any dent in my lifestyle, so I did a did all the pre-order lifestyle squeezing so I could start with a hefty 70K downpayment. The normal gas and maintenance expenses cover the minimum monthly payments, but I decided to continue the squeeze budget these first few months- dumped that money into that loan... and I now only owe $5,200 before FABIO is paid off. I bought my Model S May 10th of this year. Will be dropping down to whatever the scheduled payments are supposed to be, starting in September- but the point is that the payments will be easy to handle. I am not worried about maintenance costs or fuel expenses.

if you have plenty of disposable cash, or make over 200k and live below your means- it is an easy decision. For the rest of us, it is about keeping our impulsive desires in check- and planning accordingly. My MS cost almost exactly a years salary, but I will have it paid off in less than a year and can confidently say that it was a worthwhile investment. No regrets.


TFMethane | 2014年8月17日

I make $285K per year.
My mother's maiden name is Anderson.
I live at 89271 Washington st., Los Angeles, CA.
I'm usually not home most weekends, and the window on the second floor doesn't latch properly.

Red Sage ca us | 2014年8月18日

TFM: That would be somewhere East of San Dimas... Hemet, maybe...?