I just bought the new 2019 Tesla Model 3 - here’s why it was only $78.39 per month. Enjoy! Add me on Instagram: GPStephan
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So how does a $40,000 car come down to a price of $29,450?
To start, this car is eligible for a $3750 federal tax credit until June 30th, 2019. This means if you pay more than $3750 in federal taxes, you will receive this entire amount back at the time you file your tax return. That money is as good as cash.
California drivers are also eligible for a $2500 Electric Vehicle Rebate, in which the state will mail you a check for $2500 upon showing proof of purchase.
Now Tesla gets a little sneaky after this…because in that $29,450 figure, Tesla also
So excluding the gas savings and only focusing on the first two, cash-value rebates, the ACTUAL price of the car comes to $33,750. For a brand new Tesla. Standard Range Plus. With AutoPilot.
So here’s how I bought this car for $78.39 per month:
Because I financed 100% of the car, my ONLY out of pocket cost was the taxes, license, and registration - which came to $4437.01
From the remaining amount I financed, my payment comes to $640 per month, or $7680 in the first year.
That means, in the first year, my total out of pocket cost is $12,117.01 between my payments, taxes, insurance, etc.
However, after the rebates and tax credits, that brings my TOTAL cost of owning this car for the first year down to $5867.01.
Because this car is for business use, the $1438 I pay in interest on the auto loan is a tax write off, the $4437 in taxes, licensing, and registration I paid upfront is a write off, and I can depreciate the car against my income. That’s a $14,075 tax write off…which saves me roughly about $4,926.25 in taxes.
So remember…my total out of pocket cost was $5867.01 after electric vehicle tax incentives. PLUS I save $4926.25 in taxes…that means I’m effectively buying a BRAND new Tesla Model 3 for $78.39 per month out of pocket…and realistically, this works out to be a FREE car when you take into account that MOST of that $640 per month loan payment goes towards principle, and that I can invest my money in real estate at a significantly higher return than what I’m paying in interest on the Tesla. But in terms of out of pocket cost: $78.39 per month.
And after going through the experience buying a Tesla like this, completely sight unseen, without ever having driven one before, I have to say…I don’t understand the concern of Tesla’s no-dealership model. Personally, I think the entire worry is overblown - and I think we’ll start to see a lot MORE car companies embracing this online-only business model.
We’re naturally entering an era where everything is done online. I haven’t been to a mall or physical store in FOREVER because it’s more convenient to buy it online, and USUALLY for a more competitive price because online stores have lower overhead, and that savings is passed down to the customer.
And for that, I have to give Tesla credit for being the first to really challenge the traditional business model of selling cars.
For business or one-on-one real estate investing/real estate agent consulting inquiries, you can reach me at GrahamStephanBusiness @gmail.com
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25 thoughts on “How i bought a tesla for $78 per month”
  1. Avataaar/Circle Created with python_avatars Sophia Micheal says:

    "Thanks bud for keeping us financially Educated! Regardless of how bad it gets on the economy, I still make over $28K every single week,

  2. Avataaar/Circle Created with python_avatars Robert Boucher, Jr. says:

    Did this include insurance? Estimate? No right? Just double checking

  3. Avataaar/Circle Created with python_avatars Rajashree Chakraborty says:

    I LOVE YOUR TEETH!! Also your content 😉

  4. Avataaar/Circle Created with python_avatars Alyssa Monet Mason says:

    I want Millennial Money back.

  5. Avataaar/Circle Created with python_avatars Sage Akporherhe says:

    I hope your dad has a tesla now, his reaction was epic.

  6. Avataaar/Circle Created with python_avatars Keith Robinson says:

    Papa Stephan's reaction >>>

  7. Avataaar/Circle Created with python_avatars JAM says:

    That’s insane!!

  8. Avataaar/Circle Created with python_avatars Brandon Frye says:

    Dad seems like an awesome guy, hope you got him one!

  9. Avataaar/Circle Created with python_avatars Anthony Castro says:

    Anyone else wondering how a Tesla is used for “business” and how you have a “tax depreciation” ??? Make that video! Lol

  10. Avataaar/Circle Created with python_avatars Sam Orouji says:

    after the first year the tesla won't be $78 a month, it will be over $600 a month with no tax rebates and no write offs. bro was just trying to get a tesla for free by getting 8.5 million views.

  11. Avataaar/Circle Created with python_avatars Reem Authman says:

    At the end of the video it turns out it’s garbage as usual

  12. Avataaar/Circle Created with python_avatars TooMuchToThink1 says:

    That cost is only for the first year, it goes back up to $640/mo 2nd year onwards

  13. Avataaar/Circle Created with python_avatars Gian Santos says:

    Your dad is cool

  14. Avataaar/Circle Created with python_avatars Giant Fatberg says:

    I’m here because of Caleb Hammer. Nice to be a new subscriber

  15. Avataaar/Circle Created with python_avatars Try Harder says:

    It is only for first year, right?=)

  16. Avataaar/Circle Created with python_avatars Austin Hylton says:

    Yea $78 a month with 4500 down and a credit score of 900 nice job

  17. Avataaar/Circle Created with python_avatars Ecrah leago says:

    Now do one on the maintenance fees including battery replacement.

  18. Avataaar/Circle Created with python_avatars Antreas Sergis says:

    Is anyone here can efford me and willing to,a same tesla ? love u xD

  19. Avataaar/Circle Created with python_avatars Mackenzie-Heather Mackenzie says:

    How is the car a business right off? Everybody uses a car to drive to work even if they are seeing clients. I thought it was only a tax write off if you have advertisement on it or if you were carting materials?

  20. Avataaar/Circle Created with python_avatars Brian Cooksey says:

    You've moved all the savings into the first year so the subsequent five years will be closer to $800/month… am I missing something?

  21. Avataaar/Circle Created with python_avatars Hassan Choukri says:

    Year-over-year inflation stood at 6.5% in December 2022—the lowest that figure has been in more than a year. Inflation was in line with what economists expected and gave many of them a reason to believe that the peak of inflation may be behind us. I have approximately $150k stagnant in my port_folio that needs growth. What is the best way to take advantage of this downturn?

  22. Avataaar/Circle Created with python_avatars Alan Craft says:

    Buy me one too

  23. Avataaar/Circle Created with python_avatars Jennifer Miller says:

    Awesome to see. Thanks for sharing.

  24. Avataaar/Circle Created with python_avatars Alan Craft says:

    nice

  25. Avataaar/Circle Created with python_avatars Yamada Marketing says:

    Really appreciate this video 😊

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