Thinking of buying a Tesla

[mobb_deep 920]

Anyone who spends 60000 on a car is a dumbtard.

Shhhh. The credit machine must keep rolling. Our future as a nation depends on consumer gluttony.

 

Those are damn cool cars though. Can't help but peak inside, when I see one in a parking lot.

[IGotWorms 4,057]

Anyone who spends 60000 on a car is a dumbtard.

Truth. That's an awful lot of money to dump into a rapidly depreciating asset.

 

Expensive cars are a lot of fun to drive. A LOT. But it's not worth constantly worrying about maintenance costs and sinking a ton of money every month into a car payment. Take that $60k and put into a retirement account instead and you end up with hundreds of thousands at the end.

[Drizzay 699]

I don't know much about this company. Are they somehow using Nicola Tesla's electrical patents, or just using his name for brand recognition?

[kutulu 1,659]

Everything you read about Tesla gives one the impression that they really have their crap together. So much so, that the big automakers are doing their part to prevent the company from selling cars in many places. There are states where it is essentially illegal for Tesla to even advertise.

They can't have any signs?

[frank 2,276]

They can't have any signs?

Can't you read?

[rholio 339]

I don't know much about this company. Are they somehow using Nicola Tesla's electrical patents, or just using his name for brand recognition?

 

Using the name.

[penultimatestraw 473]

 

I agree with you. I could easily afford a nice car, but I would rather drive a 6,000 dollar beater and use that money to either retire early or take nice vacations. If I shop around I can buy a early 2000's Nissan Sentra with 100k miles that was driven by someone above the age of 30. Those things need hardly any maintenance to hit the 200,000 mile mark.

 

If I do that twice, I am already 100,000 dollars ahead of someone who buys a 50,000 dollar luxury vehicle. Plus the fact that someone who buys a 50,000 dollar vehicle probably needs a loan and is paying interest while I am taking that same money and investing puts me even further ahead.

I agree as well. I'll add anyone who buys a new car isn't very bright. Though I did consider a Tesla Roadster at one time.

[penultimatestraw 473]

I'm still not convinced it's worth it to buy one. Meaning the money you save on gas will not out weigh total cost.

 

I agree this is where we are heading and unlike some on this board I'm fine with it. I'm just not sure we are totally there yet.

 

Also if I were to buy one I'd just a rent a gas car for long road trips. That's the cheaper than keeping another gas car around.

I don't think the goal is to get it to pay for itself. Just like any other vehicle.

[MTSkiBum 1,620]

I agree as well. I'll add anyone who buys a new car isn't very bright. Though I did consider a Tesla Roadster at one time.

 

There is no difference between a car with 0 miles and a car with 20,000 miles. Even if you want a "new" car it is much better to buy a car that is 1 year old with 20k-30k miles. The largest depreciation is right away, might as well let someone else take that hit.

[DankNuggs 305]

 

There is no difference between a car with 0 miles and a car with 20,000 miles. Even if you want a "new" car it is much better to buy a car that is 1 year old with 20k-30k miles. The largest depreciation is right away, might as well let someone else take that hit.

I agree with this in general if you can evaluate a used car. I bought my TL 1.5 yrs old and 25k miles. Bought it for 25k OTD, new is about 40k...

 

Plenty of stories of people buying used lemons tho

[DankNuggs 305]

Trouble is a lot of those 2-3 yr old cars are off lease and you worry that people ran them into the ground or put in reg fuel when it requires premium etc etc

[penultimatestraw 473]

Trouble is a lot of those 2-3 yr old cars are off lease and you worry that people ran them into the ground or put in reg fuel when it requires premium etc etc

Carfax + mechanic inspection eliminates most of these issues, and its a lot cheaper than the new car surcharge.

[DankNuggs 305]

Carfax misses tons of stuff, a good inspection is def a good idea

[Cdub100 3,839]

 

I agree with you. I could easily afford a nice car, but I would rather drive a 6,000 dollar beater and use that money to either retire early or take nice vacations. If I shop around I can buy a early 2000's Nissan Sentra with 100k miles that was driven by someone above the age of 30. Those things need hardly any maintenance to hit the 200,000 mile mark.

 

If I do that twice, I am already 100,000 dollars ahead of someone who buys a 50,000 dollar luxury vehicle. Plus the fact that someone who buys a 50,000 dollar vehicle probably needs a loan and is paying interest while I am taking that same money and investing puts me even further ahead.

 

Everyone has wasteful spending.

[The Moz 69]

Maybe I am just the minority here.

 

I agree in a perfect world it would be better to buy a car 2years old with 20-25K miles on it for 40% less than new price. I have tried this twice right after I sold the car I had in College a fixed up 1984 Trans Am (oh the memories) which as I went on to a career that car didn't make much sense. In 1998 I bought a 1996 Chevy Blazer with the works -- it had only like 20K miles on it - I think it was like 14K - I thought I got a great deal -- 2 months later I had the car in the shop twice - while I still had a warranty on it it didn't cost much it was still really annoying - the 3rd time I sold it for like 10K to Car Max and at the same time got ANOTHER used car. This time a 1997 Grand Prix (14K miles) top of the line etc. for like 15K -- Like 1 day after the Beatch has electrical problems - again under warranty but again a focking hassle. I had to take an additional 2K hit selling it right away. I then spent a little more on a not quite as nice car -- but brand new -- I was I believe a 1999 "Jimmy" which I had for 5 years and no problems -- from then on I swore to never buy used again unless it was from someone I knew.

 

I am buying a Tesla after test driving 1 this weekend (they drive unreal) -- I plan to keep the car for a while and if I keep it say 6-8 years that's saving me the price of the car in Gas, maintenance, and oil changes as I spend about 20 bucks a day in gas. To those of you that say - oh it's so stupid to pay 60K for a car -- okay say in Gas, oil changes, and maintenance over 7 years I would spend about 50K - I would of then just got a car for essentially 10K or less over that time and I can still sell it back.

 

I currently have 2 cars -- 1 2005 Yukon Denali In hardly ever use (other than the weekends I have the Kids) as it uses too much Gas and a 2009 Hinda Accord -- I might just keep the Denali for Road trip as it only has like 29K miles on it and I have had it for over 8 years and get right of the Accord.

 

Looking forward to the new ride.

[penultimatestraw 473]

 

Everyone has wasteful spending.

True, but not tens of thousands of dollars on a single item. Except maybe a house, which people tend to keep a lot longer.

 

Maybe I am just the minority here.

 

I agree in a perfect world it would be better to buy a car 2years old with 20-25K miles on it for 40% less than new price. I have tried this twice right after I sold the car I had in College a fixed up 1984 Trans Am (oh the memories) which as I went on to a career that car didn't make much sense. In 1998 I bought a 1996 Chevy Blazer with the works -- it had only like 20K miles on it - I think it was like 14K - I thought I got a great deal -- 2 months later I had the car in the shop twice - while I still had a warranty on it it didn't cost much it was still really annoying - the 3rd time I sold it for like 10K to Car Max and at the same time got ANOTHER used car. This time a 1997 Grand Prix (14K miles) top of the line etc. for like 15K -- Like 1 day after the Beatch has electrical problems - again under warranty but again a focking hassle. I had to take an additional 2K hit selling it right away. I then spent a little more on a not quite as nice car -- but brand new -- I was I believe a 1999 "Jimmy" which I had for 5 years and no problems -- from then on I swore to never buy used again unless it was from someone I knew.

 

I am buying a Tesla after test driving 1 this weekend (they drive unreal) -- I plan to keep the car for a while and if I keep it say 6-8 years that's saving me the price of the car in Gas, maintenance, and oil changes as I spend about 20 bucks a day in gas. To those of you that say - oh it's so stupid to pay 60K for a car -- okay say in Gas, oil changes, and maintenance over 7 years I would spend about 50K - I would of then just got a car for essentially 10K or less over that time and I can still sell it back.

 

I currently have 2 cars -- 1 2005 Yukon Denali In hardly ever use (other than the weekends I have the Kids) as it uses too much Gas and a 2009 Hinda Accord -- I might just keep the Denali for Road trip as it only has like 29K miles on it and I have had it for over 8 years and get right of the Accord.

 

Looking forward to the new ride.

You bought crappy used cars - they would have been crappy if you bought them new.

 

And your cost saving calculation assumes the Tesla is maintenance-free, which is unlikely.

 

Buy a $60K car if you like, but don't expect it to be an investment. Some of us would rather spend our money in other ways, that's all.

[The Moz 69]

True, but not tens of thousands of dollars on a single item. Except maybe a house, which people tend to keep a lot longer.

 

You bought crappy used cars - they would have been crappy if you bought them new.

 

And your cost saving calculation assumes the Tesla is maintenance-free, which is unlikely.

 

Buy a $60K car if you like, but don't expect it to be an investment. Some of us would rather spend our money in other ways, that's all.

It does come with a 100K miles 5 year bumper to bumper warranty -- and they come out to your house to fix it.

 

When i am done with the car -- The price will end up the equivalent as if i bought a fokcing Kia.right now.

[penultimatestraw 473]

It does come with a 100K miles 5 year bumper to bumper warranty -- and they come out to your house to fix it.

 

When i am done with the car -- The price will end up the equivalent as if i bought a fokcing Kia.right now.

I really like Teslas; recall I almost bought one myself. That being said, I think you'll end up being disappointed if you look at it as a financial investment. Buy it because you like driving it, if you can afford it.

[SUXBNME 1,457]

Buy it because you like driving it, if you can afford it.

This is the correct answer with any "expensive" car.

[patweisers44 815]

They can't have any signs?

Thank you Lord, for thinkin about me...i'm alive and doin' fine......

[SaintsInDome2006 382]

$TSLA stock is down 50% since December.

[TBayXXXVII 2,484]

52 minutes ago, SaintsInDome2006 said:

$TSLA stock is down 50% since December.

Looks like a great investment opportunity.  Thanks. 

[Maximum Overkill 1,740]

Teslas suck, all EVs suck. Thank God the mandates are dead. 

[SaintsInDome2006 382]

Just now, TBayXXXVII said:

Looks like a great investment opportunity.  Thanks. 

Sure go get 'ya summ.

[TBayXXXVII 2,484]

Just now, SaintsInDome2006 said:

Sure go get 'ya summ.

It's going to skyrocket as soon as all those California laws force people to buy EV's because they can't buy gas powered vehicles any more.

[SaintsInDome2006 382]

1 minute ago, TBayXXXVII said:

It's going to skyrocket as soon as all those California laws force people to buy EV's because they can't buy gas powered vehicles any more.

I don't think Tesla's problems are about EV mandates or state or federal purchases. It's the rep, the quality & the owner, and soon tariffs.

[TBayXXXVII 2,484]

Just now, SaintsInDome2006 said:

I don't think Tesla's problems are about EV mandates or state or federal purchases. It's the rep, the quality & the owner, and soon tariffs.

No, it's that liberals are a bunch of weak minded puzzies who'll end up buying more Tesla's soon.

[Maximum Overkill 1,740]

6 minutes ago, SaintsInDome2006 said:

I don't think Tesla's problems are about EV mandates or state or federal purchases. It's the rep, the quality & the owner, and soon tariffs.

EVs lose almost all equity after 4 years. People are realizing that they are losing their assses on EVs. It makes no sense to buy one, get a hybrid 

[SaintsInDome2006 382]

2 minutes ago, Maximum Overkill said:

EVs lose almost all equity after 4 years. People are realizing that they are losing their assses on EVs. It makes no sense to buy one, get a hybrid 

I own a big ol' Jeep. I do have a friend with a Tesla & it gets wracked on New Orleans' pockmarked streets.

[Maximum Overkill 1,740]

2 minutes ago, SaintsInDome2006 said:

I own a big ol' Jeep. I do have a friend with a Tesla & it gets wracked on New Orleans' pockmarked streets.

I told the story here before but my Wife had a Plaid. Fast as anything on the road but we both hated it. It literally felt like a souped up golf cart. It sucked. Not worth the money. We sold it within a year and took a beating on it, never again. 

[SaintsInDome2006 382]

20 hours ago, TBayXXXVII said:

No, it's that liberals are a bunch of weak minded puzzies who'll end up buying more Tesla's soon.

It’s funny how people forget things. The EV push began as a result of the post 9/11/01, Iraq, & Afghan conflicts. It was a conservative idea to make the country less dependent on foreign oil. Liberals later seized on it as a way to personally combat climate change. Tesla was created *before Musk. Like Twitter he stepped in, took it over, & has converted it into a partisan platform, & now its in a dive. Tesla is extra confusing because liberals loved it, so maga hates it, but maga also loves Musk, so maga loves Tesla but really for some bizarre reason just Tesla trucks, which liberals now hate along with Tesla generally. The times we live in.

[TBayXXXVII 2,484]

2 hours ago, SaintsInDome2006 said:

It’s funny how people forget things. The EV push began as a result of the post 9/11/01, Iraq, & Afghan conflicts. It was a conservative idea to make the country less dependent on foreign oil. Liberals later seized on it as a way to personally combat climate change. Tesla was created *before Musk. Like Twitter he stepped in, took it over, & has converted it into a partisan platform, & now its in a dive. Tesla is extra confusing because liberals loved it, so maga hates it, but maga also loves Musk, so maga loves Tesla but really for some bizarre reason just Tesla trucks, which liberals now hate along with Tesla generally. The times we live in.

LOL, lot of liberal nonsense in there.

[SaintsInDome2006 382]

3 minutes ago, TBayXXXVII said:

LOL, lot of liberal nonsense in there.

George W. Bush -- Father of the Modern Electric Car

[SaintsInDome2006 382]

Quote

With an investment of $7.5 billion, Bush and Congress underwrote $25 billion in loans that's translated directly into the Leaf, the Volt, Ford's electric Focus, the Think City, and Tesla and Fisker's leap from paper to plant.

 

[TBayXXXVII 2,484]

15 minutes ago, SaintsInDome2006 said:

George W. Bush -- Father of the Modern Electric Car

Not what I was referring to.  I was referring to promoting something as a good idea, isn't the same as the government making mandates.... among other things.

 

[SaintsInDome2006 382]

Just now, TBayXXXVII said:

Not what I was referring to.  I was referring to promoting something as a good idea, isn't the same as the government making mandates.

It was a subsidy, if mandates are socialistic then right alongside that are subsidies.

[HellToupee 1,589]

23 hours ago, Maximum Overkill said:

I told the story here before but my Wife had a Plaid. Fast as anything on the road but we both hated it. It literally felt like a souped up golf cart. It sucked. Not worth the money. We sold it within a year and took a beating on it, never again. 

Friends 24 Model Y is awesome . I can’t believe how good the FSD experience is. I’m buying a 25 later this year 

[TBayXXXVII 2,484]

2 minutes ago, SaintsInDome2006 said:

It was a subsidy, if mandates are socialistic then right alongside that are subsidies.

Encouraging someone to do something is not along side forcing someone to do something.

[SaintsInDome2006 382]

5 minutes ago, TBayXXXVII said:

Encouraging someone to do something is not along side forcing someone to do something.

That's interesting, that's what the liberal USSC said about Obama's health insurance mandate.

[SaintsInDome2006 382]

So today while doing a promotional spot for Tesla using the White House as a prop in a commercial, Trump revealed he can’t even drive a car. We did this.