Hello Everyone,
I am new to the forum but have been following Tesla since the roadster. I'm looking to order a Model S 75D later this year (About September for hopefully November delivery) but I'm trying to justify the purchase. This will be the most expensive vehicle I have ever purchased. When I was much younger and did not value money as I do now I purchased Audis and BMWs for usually around 30-40K (Certified). I drive about 600 miles a week for work and put alot of miles on my car. I currently drive a 2010 Acura TL AWD (really like the car) and was going to purchase the Model S when the car is paid off (Approaching 95K miles and owe 14K.
My thought process was that I trade in the car now since it's actually worth what is owed and put the 14K towards the Model S. My financial situation is as follows:
Salary: $170K+ (Household $270k+)
DTI: 30% without car 38% with car (Household 20% with car)
I pay a $400 note & $400 in gas per month. The additional cost for the car will be an additional $500 a month (which is not a problem)
We have solar panels which should offset some of the cost for charging the car (Especially utilizing TOU rates at night)
The car cost is $93250 (including fees).
I would prefer that it is financed 100% since the rates are so low.
I already have a mortgage and typically keep cars for 8 years (When they last that long ) What do you think?
Also if yo can chime in regarding financing with Alliant I would appreciate that as well (Auto Fico Score in Mid 700s).
Thanks
I am new to the forum but have been following Tesla since the roadster. I'm looking to order a Model S 75D later this year (About September for hopefully November delivery) but I'm trying to justify the purchase. This will be the most expensive vehicle I have ever purchased. When I was much younger and did not value money as I do now I purchased Audis and BMWs for usually around 30-40K (Certified). I drive about 600 miles a week for work and put alot of miles on my car. I currently drive a 2010 Acura TL AWD (really like the car) and was going to purchase the Model S when the car is paid off (Approaching 95K miles and owe 14K.
My thought process was that I trade in the car now since it's actually worth what is owed and put the 14K towards the Model S. My financial situation is as follows:
Salary: $170K+ (Household $270k+)
DTI: 30% without car 38% with car (Household 20% with car)
I pay a $400 note & $400 in gas per month. The additional cost for the car will be an additional $500 a month (which is not a problem)
We have solar panels which should offset some of the cost for charging the car (Especially utilizing TOU rates at night)
The car cost is $93250 (including fees).
I would prefer that it is financed 100% since the rates are so low.
I already have a mortgage and typically keep cars for 8 years (When they last that long ) What do you think?
Also if yo can chime in regarding financing with Alliant I would appreciate that as well (Auto Fico Score in Mid 700s).
Thanks