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What’s going on guys! I’m gonna show you how I Bought a Tesla Model S for $158 a Month.

Now I scheduled a test drive at Tesla for the Model 3 & Model S. When, I drove the Model 3 first, my first thoughts, the interior was very minimalist but the car & interior felt a bit cheap.

Then I decided to Test drive the Model S, and literally instantly feel in love with this car right away. The interior felt more luxurious, the outside looked much sexier & overall it just felt a lot more put together.

Now, I will walk through the whole buying process by going on the Tesla website and pricing out a custom Tesla. I break down all the cost, in this case the Model S without Taxes & Credits cost $79,990. For all taxes & Fees I calculated= $5,753.80.

I got the total cost to $85,743.80 and put down of $5,753.80 to cover all the taxes and fees. The remaining I am planning to get financed with Tesla. Now Tesla does offer financing at 3.5% for 72 months with $3,000 down payment, so use that option to get financing for the remainder of $79,990

So, I got the monthly cost at $1,233 & my annual cost will be $14,796
at the 3.5% financed for 72 month.

There is $2,000 NY EV Drive Clean Rebate but the Federal Tax Credit no longer applies so that is now $0. Additionally, because Tesla Model S comes with free supercharging, we pay $0 for life for supercharging. Which is an estimated savings of $2,600 savings annually.

Plus, because I own a business, and drive this car for business there are many tax benefits & deductions that I can write-off as a business owner. I can Write-Offs my Loan Interest, Plus my Taxes/ Registration Fees & I can take advantage of the max 1st year Depreciation of $18,100 for luxury vehicles. for the first year. My total tax write offs are $22,793.80, which is about another $8,300 Tax Savings.

With all of this, the total cost comes to $1,896 and divide $1,896 by 12 months for a total monthly cost of $158 a Month.

Plus, I’m paying off the principal every month on the loan, and because the car holds a good depreciation value when I sell the car, I can get a good amount of my principal back! And, I’m able to leverage my money, because I’m financing at 3.5%, I can take the money that I would have put down to buy the car and invest it in real estate or investments!

Now, owning a Tesla has been a great investments and I can not see myself going to another car after owning this! So, hopefully you guys enjoyed the video, I just ask for one thing, if you can hit that like button! Thanks guys!

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👉 ABOUT ME:
► My name is Andy and I make videos all about Tesla, Personal Finance & Investing!
► I am an Entrepreneur with investments in real estate, the stock market and also own multiple businesses. My goal is to help as many as possible by sharing honest & transparent advice on topics that include Business, Passive Income, Investing & Personal Finance!

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#The158Tesla #TeslaModelS #Under200Tesla