How I bought a Tesla for $78 Per Month

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  • Published on:  Wednesday, April 3, 2019
  • I just bought the new 2019 Tesla Model 3 - here’s why it was only $78.39 per month. Enjoy! Add me on Instagram: GPStephanTesla Referral Link: Get 1000 Miles Free Supercharging: https://ts.la/stephan88194GET $50 OFF FOR A LIMITED TIME WITH COUPON CODE: THANKYOU50 - https://goo.gl/UFpi4c The Real Estate Agent Academy: Learn how to start and grow your career as a Real Estate Agent to a Six-Figure Income, how to best build your network of clients, expand into luxury markets, and the exact steps I’ve used to grow my business from $0 to over $125 million in sales: Join the private Real Estate Facebook Group:https://www.facebook.com/groups/there...Merch: http://www.GrahamStephanStore.com/So how does a $40,000 car come down to a price of $29,450? To start, this car is eligible for a $3750 federal tax credit until June 30th, 2019. This means if you pay more than $3750 in federal taxes, you will receive this entire amount back at the time you file your tax return. That money is as good as cash.California drivers are also eligible for a $2500 Electric Vehicle Rebate, in which the state will mail you a check for $2500 upon showing proof of purchase. Now Tesla gets a little sneaky after this…because in that $29,450 figure, Tesla also So excluding the gas savings and only focusing on the first two, cash-value rebates, the ACTUAL price of the car comes to $33,750. For a brand new Tesla. Standard Range Plus. With AutoPilot. So here’s how I bought this car for $78.39 per month:Because I financed 100% of the car, my ONLY out of pocket cost was the taxes, license, and registration - which came to $4437.01From the remaining amount I financed, my payment comes to $640 per month, or $7680 in the first year. That means, in the first year, my total out of pocket cost is $12,117.01 between my payments, taxes, insurance, etc. However, after the rebates and tax credits, that brings my TOTAL cost of owning this car for the first year down to $5867.01. Because this car is for business use, the $1438 I pay in interest on the auto loan is a tax write off, the $4437 in taxes, licensing, and registration I paid upfront is a write off, and I can depreciate the car against my income. That’s a $14,075 tax write off…which saves me roughly about $4,926.25 in taxes. So remember…my total out of pocket cost was $5867.01 after electric vehicle tax incentives. PLUS I save $4926.25 in taxes…that means I’m effectively buying a BRAND new Tesla Model 3 for $78.39 per month out of pocket…and realistically, this works out to be a FREE car when you take into account that MOST of that $640 per month loan payment goes towards principle, and that I can invest my money in real estate at a significantly higher return than what I’m paying in interest on the Tesla. But in terms of out of pocket cost: $78.39 per month. And after going through the experience buying a Tesla like this, completely sight unseen, without ever having driven one before, I have to say…I don’t understand the concern of Tesla’s no-dealership model. Personally, I think the entire worry is overblown - and I think we’ll start to see a lot MORE car companies embracing this online-only business model. We’re naturally entering an era where everything is done online. I haven’t been to a mall or physical store in FOREVER because it’s more convenient to buy it online, and USUALLY for a more competitive price because online stores have lower overhead, and that savings is passed down to the customer. And for that, I have to give Tesla credit for being the first to really challenge the traditional business model of selling cars. For business or one-on-one real estate investing/real estate agent consulting inquiries, you can reach me at ENTIRE Camera and Recording Equipment: https://www.amazon.com/shop/grahamste...
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  • Matthew Harris
    Matthew Harris  1 months ago +4658

    This is clickbait how tf do you expect us to afford $78.39 a month the title said $78.

  • Crippleback
    Crippleback  1 months ago +1737

    This dude could convince me to sell my own car to myself.

  • Ape
    Ape  21 days ago +492

    Me trying to explain to my parents that this one thing i want to have isnt so expensive as it seems

  • E Chin
    E Chin  1 months ago +609

    How to get a Tesla for free:
    Be friends with David Dobrik

  • TheAfricanPrince
    TheAfricanPrince  1 months ago +295

    I suppose you paid $3 a month for the MacBook Pro?

  • Louise Conroy
    Louise Conroy  3 months ago +9674

    How to get car 4 cheap: be rich already

  • Daniel Monson
    Daniel Monson  1 months ago +505

    Rather than blowing this video off as a click bait video, learn something from it. For instance learn how you can use tax benefits to your advantage when making purchases like this.

  • SquidwardSenpai
    SquidwardSenpai  1 months ago +343

    Purchasing a Tesla is like buying a T20 from Legendary Motorsports on GTA 5...

  • RobEJC
    RobEJC  1 months ago +220

    Dad: "For me?" Graham: "Shut up, put on your seat belt; that incessant beeping will kill us all."

  • Bluegold Skies
    Bluegold Skies  7 days ago +58

    Felt bad for your dad when he said "is this for me?". You should defintely buy your dad a tesla!

  • gtmustang32111
    gtmustang32111  1 months ago +824

    Don't waste your time watching. It's still $640 a month.
    It's $75 a month for him because he: gets tax credits paid back next year. Lives in California and gets an extra tax credit every other state doesn't get. And had the taxes and interest subtracted because it's a "business" vehicle.
    This isn't a car for $78 a month. This is full approve a car with rebates that the average Joe can't afford.

  • Bryce Young
    Bryce Young  1 months ago +60

    "I'm all about saving money as you all know" so I decided to skip a color upgrade on a brand new luxury electric car.

  • Andrew H
    Andrew H  1 months ago +89

    How a business bought a Tesla for $78 per Month for the first year and then $640 per month for the next 5 years.

  • DYNAMIC
    DYNAMIC  1 months ago +372

    "tesla was being sneaky... its actually only saving if you switch from a gas powered car" .........dude.... you are saying you only pay 78$ when in reality you pay almost 700 in payments per month and get rebates, tax right offs that only come later... and this will only make sense if you are talking about the first year of payments, you should have calculated this against all six years, but then you wouldnt bait people who dont have that kind of money, this is actually pretty gross. You are way worse than any of teslas estimated savings my dude, >_>

  • jetsoverboston
    jetsoverboston  2 months ago +1375

    Ok YouTube... i finally watched it.... can you please get this out of my recommendations now

  • big Daddy
    big Daddy  1 months ago +29

    My brain is exploding because of how much stuff i dont know💀

  • F
    F  1 months ago +130

    78$ per month....
    Even the sons of your sons Will continue to pay for it

  • siddhant vadan
    siddhant vadan  5 days ago +17

    dad : "is this for me??"
    that was sad....

  • Reese Witherfork
    Reese Witherfork  14 days ago +21

    He’s so excited for you that I really wish you had purchased it for him.

  • Scott Silverman
    Scott Silverman  4 months ago +7712

    I wish my dad was as happy as urs, when I bought my Tesla he was pissed cuz I used his credit card or something idk