Yup, I've been keeping an eye on inventory available for immediate sale, but it turns out that it would actually be better if Tesla's EDD of Jan-Feb ends up being correct, as I need that much time to arrange to pay for it the way I'd like to.
In an attempt to head off the inevitable "how are you paying for it?" "You're financing it??? What are you thinking, man?" "You're an idiot to finance a car!" type of thread depreciation, I'll just state the following...
Yes, I *could* pay cash for the car. But like most people, my "cash" isn't in "cash." It's in investments. Stocks, to be specific. And I don't want to sell any of my current portfolio to pay for a car.
So the option becomes financing, as most (luckily) of my investments are performing better than the interest rate on a car loan, then the choice is car loan, right? Nope. I have enough equity in our house to refinance it, take out a bit of equity, and end up "financing" the car at a much lower interest rate (ie, the primary mortgage), stretch it out over a longer period of time, and even write the interest off on my taxes, since the car will be "financed" through the primary mortgage of our principal residence. And of course, there's the option to pay it back more quickly if I so desire (and, in fact, I do).
There's a bunch of different ways to pay for a car.... this is just the one that makes the most sense for my particular situation. Again, there are a lot of options. This is the one I chose. And yes, I'm aware of the alternatives.
So many "money managers" here on TMC!
"But if you do it like this!!!!!!...." Hush, you. I'm not on a financial forum, I'm on a CAR forum. But thanks for your good intentions.
Anyway, it's going to take a few months to get the mortgage done.