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/biz/ - Business & Finance


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14304060 No.14304060 [Reply] [Original]

You’re all professionals and have most likely made many a mistake in life. I want your help in deciding to avoid a large one in mine.

So essentially, I’m enfatuated with Tesla. I don’t really care what people have to say unless it’s to my benefit and so anyone can laugh at my “onions boy” car or what not.

Regardless, I really want to posses one.

The Model 3 is about to lose its government incentive to save money on its purchase soon.

I cannot afford one in my current situation but I have some ideas for how it could end up working out:
Tesla will release self-driving and I hope to make my newly-owned car a taxi to make revenue so that I can pay it as it drives people around.
May be able to find a lender that can offer low to no interest (I have good credit) for a certain amount of time thereby giving me more wiggle room.
It could keep its value for some time and I can recoup and invest it elsewhere or get another Tesla and repeat the process.

Given all the information, is this a good route to take? Should risk be taken in the case of hoping it’ll pay off and I’ll have the vehicle of my dreams?

Anyone who has any reasoning whether with or against please feel free to reply and I could elaborate further if necessary.

PS. Typed on a phone. Forgive any grammar issues or autocorrect BS.

>> No.14304090

>>14304060
Focus on investments first, cars come and go and if you want a car you wouldn't want the cheapest one especially if you can't realistically afford it. Save up, make smart investments and use your old car for another 3-5 years so you can afford a model S or Roadster in the future without sweating about the price.

>> No.14304146

>>14304060
if that is the car of your dreams, you need better dreams.

>> No.14304153

>>14304090
basado y rojopillado
muy bien, mi amigo

>> No.14304155

>>14304060
It's good. Get your hands on a Tesla by any means necessary. Normies still haven't worked out the value of full electric. And they are like dogs trying to understand quantum physics when it comes to autonomous driving.
Even on biz, 90% of posters are still terrified of the electric cars threat to the status quo and try to shit on Tesla despite having never even been within 10ft of one.
Teslas are going to be the first car in history that actually increases in value a few years after driving it off the lot.
You can drive Uber till FSD is active.
It's nutty how good these cars are.

>> No.14304212

>>14304090
>>14304090
Hey, I appreciate your very valuable input and will be writing it down as I tend to recall things better when I do.

The reason why it seems as though I may be rushing it is because the final day for the Federal Tax Credit of $3,750 will end on June 30th.

I believe this means never again will a time come when you can get a Tesla vehicle with that much of a markdown.

Maybe I’m being nonsensical in believing it is worth the price being paid and the fact it may end up appreciating in value (as opposed to other vehicles), but I see it as a valuable asset that though I cannot afford, can help propel me into the future when I touch bases and graduate university soon.

The main focus is the value the tax incentive could reduce from my purchase. What is being deducted isn’t the depreciation of the car, but a government green incentive to boost electric vehicle sales.

I’m unsure if I’m just being hard headed, but with the incentive and the fact the car could pay for itself in the near future, I’m viewing it as a possibly good (although wild) investment opportunity.

>> No.14304221

>>14304060
Just to make sure I understand you, you really want to buy a car you have no business owning so you're trying to convince yourself it's a good idea because maybe one day it will be self-driving and you can make $20,000 a year letting it drive people around?

Ok I'll start with the basics. We're further away from self-driving cars than you think, and when we get there nobody will want to ride in your old ass 2019 model 3. Even when self-driving cars are fully capable, many states and municipalities will not be as friendly to them as you're counting on. You're counting on recouping an investment in a new car?!?!?! Oh you just want to spend the money you get on another tesla and repeat the process.

This is a bad joke.

>> No.14304242
File: 203 KB, 2362x1212, 98-00_Honda_Accord.jpg [View same] [iqdb] [saucenao] [google]
14304242

>>14304060
Start with the $2000 HONDA and then work your way up when you get more money. Or a toyota

>> No.14304265

>>14304060
so, you want to go into debt you cannot afford to repay, this on the basis that an entirely unproven feature Elon Musk 'promised' might appear, will indeed actually appear, and this mythical feature will make you enough money to save your ass ?
>what could go rong
Easiest way to avoid mistakes is not to make them. Taking loans on income that your basically pulling out your ass to justify, thats not gonna end well.

>> No.14304278

>>14304212
3750 tax credit is nothing in the long run. youll be paying more than that when you're financing the tesla over 5 years anyways. just save up the cash and buy an s new or used with cash.

>> No.14304307

Just buy a used one. For the first owner, the tax credit is absolutely nothing compared to he depreciation he suffers in the first few years. That’s where you step in.

>> No.14304330

>>14304155
whats FSD

>> No.14304346

>>14304278
This OP. You're literally experiencing FOMO over 'saving' $3.75k. You shouldn't even consider buying or leasing a new car if 3.75k grabs your attention like that, unless you own a house and you're excited to use that 'savings' to put in a 100 amp panel so you can charge at home.

>> No.14304349

>>14304307
>>14304307
Understandable but aren’t Tesla’s really good at keeping their value if well maintained and taken care of? I’ve seen them being resold for practically what they were originally sold for.

>> No.14304360

>>14304060
Cars are a shit investment. Buy SNTVT, wait 6 months. Go buy this Tesla with 1/4 of your gains if you still even want to.

>> No.14304368

>>14304349
no all cars depreciate, and tesla's just depreciate slightly less but not a noticeable amount to brag about. the only car you should ever finance is a car that has 0% apr over 5 years and those are typically only corollas or civics. the rest just pay straight up with cash

>> No.14304396

>>14304060
I have a cheap electric car the Renault Zoe but I'm obsessed with teslas. I would like a model 3 but the facts are it's a new car and it's overpriced like every new car. If you live in the US get a cheap Nissan leaf if you like electric cars, they don't sell Renauts in the US.

>> No.14304412

>>14304346
>>14304346
I think you may actually be right. I usually don’t have fears of missing anything as I do things conservatively but also when it makes sense. This time it doesn’t really make much of sense and I’ve never even gone into debt and have good standing on everything financial. I’m not sure why but this seems to have a strong pull of me into what the future could end up holding given I take the risk. I’ve never really experienced something similar and have even questioned why some would have FOMO (unless it was an obviously good thing.) I’m still on the fence as it’s not the most logically sound plan but of course to go through with it I’d have to get everything in line and see if all I said is plausible.

>>14304330
Fully self driving

>> No.14304444

>>14304412
kek that will never happen

>> No.14304446

>>14304212
>cares about a $4K tax incentive

you won't make it with that mentality. Buying TSLA car is very speculative. Look at the stock price. Look at the sentiment.

>> No.14304490
File: 113 KB, 1024x624, tesla_100616264_l.jpg [View same] [iqdb] [saucenao] [google]
14304490

>>14304060
I know where you're coming from OP but I would still wait. Put your money in crypto in the meantime, and you'll be ready to buy before long. The market is just now starting to get saturated, and with the new Model S/X and Y around the corner, the second-hand prices should be a lot better in the next few years. I plan to pick up a used Model 3 or S around when the Y comes out.

>> No.14304496

>>14304155
You do realize the US DOESNT have the infrastructure to support every household have electric cars right?

>> No.14304562

>>14304060
I recommend against getting a Tesla. One of my coworkers bought one. Within a few months, his car encountered mechanical problems and he needed to take it to the shop, and he wasn't even driving everyday. He takes the subway/bike to work.

They're rushing the production of these vehicles. Anything's that's rushed isn't going to be good.

>> No.14304627
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14304627

>>14304496
Completly baseless FUD? If we have electricity in the house just plug in your Tesla each night same way you plug your smartphone.

>>14304368
This is irrelevant once FullSelfDriving hits. It is genuinely a new paradigm and no other car maker can keep up. Teslas will skyrocket in value as the FSD update is sent over the airwaves and they suddenly are able to make you money overnight as a robotaxi. And you can drive to work while doing your email or watching a movie or having sex with your supermodel gf which you attracted in part with your Tesla. Pathetic gas-cucks can do nothing but play with their dicks as the Tesla smokes them off the traffic lights change. GTR? WRX? LAMBO? All left in the dust to the all electric acceleration. Their fossil-fuel cars as outdated and useless as the dead dinosaurs which power them.

>> No.14304654

>>14304627
based off of how conservative the usa is with our laws. you're not going to see legal full self driving cards for a long ass time.

>> No.14304676
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14304676

>>14304060
What are you? One of the large dark nippled people?

>> No.14304688

Buy as much ChainLink as you can with the credit you have. Wait until filthy rich. Buy fleet of robot Tesla taxis.

>> No.14304700

>>14304654
while hes indeed a retard, its not just conservatism. Teslas (provenly) already wiping their customers out on 'assisted driving' - your FSD robotaxi decides to go homicidal, who then is (legally) responsible ? Its (yet more) Elon sci-fic that is prob inevitable, but not in our lifetimes

>> No.14304711

>>14304060
I hear they gave great crash safety but, you'll get locked in as the batteries start to fry because the fucking door handles recess into the door and firefighters/bystanders cannot fucking open them.

Look it up, people have survived crashes only to be fucking burned alive by battery fire.

>> No.14304785

>>14304700
10x lower wipe out rate than gas cars. Just a louder noise made about it in the lying media when it happens. Inevitable given how many billions of miles are being driven. The important thing is the Rate of crashes as compared to dino-cars.
Yes, Tesla is taking full responsibility, fully insured for even the largest payout, if a robottaxi goes homicidal, because you know what? It's not going to happen. And in terms of accidents they are already safer than any foolish human driver, no matter how big their ego is they can't out perform a supercomputer AI built for the job that never gets tired and has 8 eyes plus radar and ultrasonics. You are conservative, you are stuck in old ways of thinking and the world is changing fast.

>> No.14305357
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14305357

>>14304060
I'd love a Tesla too bud, but I wouldn't go into debt for ANY car. Buy shitcoins and flip them or something, then buy the Tesla with the profits

>> No.14305380

>>14304060
>I cannot afford one
Here‘s your answer, plain and simple. The rest is just hypothetical brabbling trying to justify to yourself why you „need“ to buy something you cannot afford.

>> No.14306138

>>14304785
Hopefully an ai car can account for lack of maintenance while being used as a taxi nearly 24/7. And with it being used so much the original owner is sure to be far from the vehicle unless the taxi app or whatever can limit it to certain boundaries. So if the original owner can't maintain the vehicle and a 3rd party is hired how are they deemed trustworthy to not cut corners with the car when no one is watching.... Eventually leading to an accident like tires popping and so what that an ai can't react to. This is just ai taxi wise the ai trucking thing is going to be worse with trucks going off of mountains because of black ice.

>> No.14306187

>>14304060
reddit tier post kys