Can I buy a Tesla?

Questions on how we spend our money and our time - consumer goods and services, home and vehicle, leisure and recreational activities
mervinj7
Posts: 550
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Re: Can I buy a Tesla?

Post by mervinj7 » Mon Aug 13, 2018 12:58 pm

TomatoTomahto wrote:
Mon Aug 13, 2018 12:06 pm
My brother-in-law just ordered a Model 3 to go with his Model S. He says that charging in California is a snap: at work and elsewhere. He only charges at home on rare occasions.
+1 We also live in CA. We have free charging at my office, cheap charging at my wife's office, and a L2 charger in our driveway (no garage living in a duplex)). Even without those, there are plenty of chargers nearby.

niceguy7376
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Joined: Wed Jul 10, 2013 2:59 pm
Location: Metro ATL

Re: Can I buy a Tesla?

Post by niceguy7376 » Mon Aug 13, 2018 1:47 pm

HomerJ wrote:
Sun Aug 12, 2018 10:52 pm
Congrats. Where are you charging it?
Trying to understand the background behind the question.
Is it that he cannot afford power at home to charge the car or that he lives in a remote part of the country (and be a doctor with no patients) where he needs to drive tens of miles without a charging network?

To the OP,
if you had put any other car maker name and said it costs 50K, i would love to see the responses.

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HomerJ
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Joined: Fri Jun 06, 2008 12:50 pm

Re: Can I buy a Tesla?

Post by HomerJ » Mon Aug 13, 2018 3:26 pm

niceguy7376 wrote:
Mon Aug 13, 2018 1:47 pm
HomerJ wrote:
Sun Aug 12, 2018 10:52 pm
Congrats. Where are you charging it?
Trying to understand the background behind the question.
Is it that he cannot afford power at home to charge the car or that he lives in a remote part of the country (and be a doctor with no patients) where he needs to drive tens of miles without a charging network?

To the OP,
if you had put any other car maker name and said it costs 50K, i would love to see the responses.
He said he rents...

Thats why I asked... Im curious how many charging stations most work places have... i think we have 10 in my parking garage... but we have two thousand spots..

Could be a problem as evs become more and more common
The J stands for Jay

Cramerica
Posts: 223
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Re: Can I buy a Tesla?

Post by Cramerica » Mon Aug 13, 2018 9:06 pm

redbeard25 wrote:
Mon Aug 13, 2018 6:39 am
Cramerica wrote:
Fri Jun 29, 2018 2:35 pm
32 and I am just starting my career as a specialist physician.

I have about $160k in retirement

About $60k in low interest ( <2%) debt
A doctor you say?? If you don't mind me asking, how much does college really cost to become a doctor?
That is highly variable. It can be free or it can cost hundreds of thousands of dollars. The average loan burden is around 200k. Some graduates have over 500k in loans.

mc7
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Joined: Wed May 29, 2013 3:03 pm

Re: Can I buy a Tesla?

Post by mc7 » Fri Sep 14, 2018 12:40 pm

I had been waiting a few years to buy a Tesla. When I finally decided to get a new car, I rented several on Turo for a few days each and ended up getting a Honda Clarity Touring. I love it! I can commute completely on electric power, qualified for a California carpool sticker and Federal tax credit, I like the interior (on the Touring variant) just as much as the Model 3, it has a few of the "Autopilot" features under different names (adaptive cruise control and lane keeping assistance), and I think it rides somewhat smoother (not surprising given Tesla's sporty niche). My previous daily driver was an eighteen-year-old sporty convertible with a manual transmission, which I will keep for occasional use on weekends or whatever. I hadn't really set out to save money on the car purchase, and even eyed the Model S, but it was a great boglehead outcome that the Clarity was also so much cheaper than the Model 3.

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knpstr
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Location: Michigan

Re: Can I buy a Tesla?

Post by knpstr » Fri Sep 14, 2018 12:55 pm

Do you think it would be crazy for someone making $75,000/year to buy a $16,500 car? Sounds reasonable to me; that is the same price:income ratio as you are talking about.
Very little is needed to make a happy life; it is all within yourself, in your way of thinking. -Marcus Aurelius

amitb00
Posts: 416
Joined: Sun Jan 01, 2012 9:04 am

Re: Can I buy a Tesla?

Post by amitb00 » Fri Sep 14, 2018 4:59 pm

Physician income is relatively secure. Go for buying your dream car.

epoxyresin
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Joined: Sun Apr 17, 2016 3:23 pm

Re: Can I buy a Tesla?

Post by epoxyresin » Fri Sep 14, 2018 5:18 pm

Congratulations. I hope your new car serves you well.

What's the phrase that gets trotted out? "You can have anything that you want, but you can't have everything that you want". Lots of people, even those making much less than you, can afford to buy a Tesla. The question is what are they (and you) forgoing by doing so (luckily you'll have to forgo less than most).

Nicolas
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Joined: Wed Aug 22, 2012 7:41 am

Re: Can I buy a Tesla?

Post by Nicolas » Fri Sep 14, 2018 6:09 pm

Congrats! Go for it.

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