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:
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?
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?
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