I'd appreciate any advice you all are willing to throw my way. I will soon be between a lease and my Model 3 delivery (Jan-Mar, but obviously not counting on that to be accurate). I live in Los Angeles. My consulting business has me driving an average of 120 miles a day, which has me willing to pay somewhat of a premium to have an MS with AP in the mean time and my current dilemma is trying to figure out the best way to go about that.
Of course, I think the standard idea would be to buy used to mitigate the depreciation hit, eat the sales tax, and sell the MS once I have my M3. That way, it only costs me sales tax and slight depreciation (at least, slight vs a new car's depreciation). However, acknowledging that I can't know exactly how the market or Tesla will treat the M3's introduction or the soon-to-be-declining federal tax incentive, it seems like it's not the worst idea to buy new. The large initial depreciation hit should be offset a good bit by the $10k in incentives, as well as the other tax benefits because it'll be a business car. I'm thinking I'd rent the car out on Turo once I get my M3 and use that to offset my payments until I find a good time to sell. I'd imagine the best time to sell will likely be in that pocket when the federal incentive is cut in half and the M3 is still hard to acquire without an old reservation.
I've put in quite a bit of research to all angles of this, but while I would like to think I've considered most of the pros and cons, I don't have the breadth of knowledge specifically about Teslas and how they have been and will be affected by the market to feel confident that I've considered every angle. Again, any advice from those of you with that breadth of knowledge would be much appreciated.
Cheers!
Of course, I think the standard idea would be to buy used to mitigate the depreciation hit, eat the sales tax, and sell the MS once I have my M3. That way, it only costs me sales tax and slight depreciation (at least, slight vs a new car's depreciation). However, acknowledging that I can't know exactly how the market or Tesla will treat the M3's introduction or the soon-to-be-declining federal tax incentive, it seems like it's not the worst idea to buy new. The large initial depreciation hit should be offset a good bit by the $10k in incentives, as well as the other tax benefits because it'll be a business car. I'm thinking I'd rent the car out on Turo once I get my M3 and use that to offset my payments until I find a good time to sell. I'd imagine the best time to sell will likely be in that pocket when the federal incentive is cut in half and the M3 is still hard to acquire without an old reservation.
I've put in quite a bit of research to all angles of this, but while I would like to think I've considered most of the pros and cons, I don't have the breadth of knowledge specifically about Teslas and how they have been and will be affected by the market to feel confident that I've considered every angle. Again, any advice from those of you with that breadth of knowledge would be much appreciated.
Cheers!