The Entrepreneur Forum | Financial Freedom | Starting a Business | Motivation | Money | Success

Welcome to the only entrepreneur forum dedicated to building life-changing wealth.

Build a Fastlane business. Earn real financial freedom. Live your best life.

Tired of paying for dead communities hosted by absent gurus who don't have time for you?

Imagine having a multi-millionaire mentor by your side EVERY. SINGLE. DAY. Since 2007, MJ DeMarco has been a cornerstone of Fastlane, actively contributing on over 99% of days—99.92% to be exact! With more than 38,000 game-changing posts, he's dedicated to helping entrepreneurs achieve their freedom. Join a thriving community of over 90,000 members and access a vast library of over 1,000,000 posts from entrepreneurs around the globe.

Registration at the forum removes this block.

Tesla Model 3: Anyone else getting one?

AgainstAllOdds

Legendary Contributor
EPIC CONTRIBUTOR
LEGACY MEMBER
Read Fastlane!
Speedway Pass
User Power
Value/Post Ratio
648%
Dec 26, 2014
2,272
14,715
32
Chicago, IL
I'll be putting down a deposit for a Tesla Model 3 tomorrow. Primarily because I love the idea of a self-driving car, and want something to motivate me. But also because I think it's the best "car-investment" there is.

Here's my reasoning:

  • The $1,000 deposit is fully refundable. No risk there.
  • Teslas sell for above sticker price.
  • There's a $7,500 tax credit for the first 200,000 buyers (electric-powered vehicles)
  • I want a car that's self-driving ready (for when self-driving becomes legalized)
  • I believe Tesla will use the cars on the market to launch their own Uber -- allowing owners to use their self-driving vehicle as an actual asset.

So best case scenario:
Car appreciates upon release to a $40k value. I exercise my option to buy at $35k. Net $5k. Plus get a $7.5k tax credit. Net $12.5k total. Or - have an income producing asset and self-driving vehicle that cost me $27.5k after the tax credit.

Worst case scenario:
I ask for my $1,000 deposit back.

What do you guys think?
 
Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.
Last edited:

Raoul Duke

Legendary Contributor
FASTLANE INSIDER
EPIC CONTRIBUTOR
LEGACY MEMBER
Read Fastlane!
Read Unscripted!
Summit Attendee
Speedway Pass
User Power
Value/Post Ratio
322%
Feb 26, 2016
2,211
7,129
I was thinking about doing the exact same thing.
 

Mikkel

Gold Contributor
FASTLANE INSIDER
LEGACY MEMBER
Read Rat-Race Escape!
Read Fastlane!
Read Unscripted!
Speedway Pass
User Power
Value/Post Ratio
195%
Feb 25, 2016
851
1,659
30
New Hampshire
I think electric powered alone should suffice, to buy the car. As an asset though, I personally believe that will be a stretch. I cannot predict the future but I believe we are far from having people step into a vehicle that doesn't have a person driving them, and putting their lives into technology "hands". Sure, I believe what you're stating is a possibility, but because these types of cars are so new, I believe they will be outdated by the time your asset plan could come into place.

Totally opinion based. It's like the stock market, there is not defining factor that will tell you if your investment will pay off or not, before you buy.
 

Become a Fastlane Member Today to Read More or Comment.

This thread has
38
more posts!

Join MJ DeMarco's Inner Circle and Rub Shoulders with Other Millionaire Entrepreneurs

Imagine a multi-millionaire mentor by your side EVERY. SINGLE. DAY. Since 2007, MJ DeMarco has been the driving force of Fastlane, contributing on over 99% of days—99.92% to be exact! With over 38,000 posts game-changing posts, he's dedicated to helping entrepreneurs achieve freedom. Join 90,000+ members and access a vast library of 1,000,000+ posts from entrepreneurs worldwide.

Fastlane isn’t just another community led by an absent guru. By joining, you enter MJ’s inner circle—a supportive home where you’re never alone. Embrace true mentorship and transform your entrepreneurial journey with the Fastlane Forum.

Basic Membership (Monthly)

  • Read all threads in the main forums/categories.
  • Post comments in existing topics.
  • React to any comment/post.
  • Post new topics/threads.
  • Find valued content: Sort big threads by best posts.
  • Promote your biz: Reply signatures.
  • Cancel anytime

$7 per month

Join Now

Basic Membership (Yearly)

  • Save 44% vs monthly
  • Read all threads in the main forums/categories.
  • Post comments in existing topics.
  • React to any comment/post.
  • Post new topics/threads.
  • Find valued content: Sort big threads by best posts.
  • Promote your biz: Reply signatures.
  • Crush Goals: 30% Off GoalSumo.com Subscription
  • Cancel anytime

$47 per year

Join Now

VIP Insider Membership

  • Same as basic plus...
  • Guaranteed read and response from MJ DeMarco*
  • Access to the private Insider forum for more advanced users.
  • Save the best: bookmark/archive ability
  • No non-sponsor ads
  • Crush Goals: 50% Off a GoalSumo.com Subscription

$119.88 per year

Join Now

* If you post any question or problem within the INSIDER forum, this guarantees MJ will read and respond to your post to the best of his ability at least one time. This guarantee does not imply a lifetime dialogue or a personal ongoing mentorship. Again, MJ has authored more than 38,000 responses at this forum since 2007.


Post New Topic

Please SEARCH before posting.
Please select the BEST category.

Post new topic

Guest post submissions offered HERE.

New Topics

Fastlane Insiders

View the forum AD FREE.
Private, unindexed content
Detailed process/execution threads
Ideas needing execution, more!

Join Fastlane Insiders.

Top