The Conundrum

[Ranulf]

Recently, my car was totaled. I really loved that thing but I couldn’t justify shelling out the money for body work when I already was anticipating some major repairs in the drive train. So I ended up selling it to a mechanic who loves doing that kind of work in his spare time.

Problem is, I was planning on driving that thing until I bought the CT. I don’t want to buy a new car, but the “family loaner” has 225,000 miles on it and its showing its age. It might not last till my number comes up.

Buying a new car would cut into my CT savings efforts big time. However, with how well M3s and MYs are holding their value….I was thinking of maybe getting one of those and trading it in when the time comes.

Anyone else find themselves in this situation? Am I crazy for trying to wait for the CT?

Would I lose too much money from depreciation if I bought a 3 or Y now?

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[John K]

A lease may be an option depending on your place in line.

Lease
Cheaper used car
Cheaper new car
MOTORCYCLE
just tell everyone you got a dui and use public transportation

i went the cheaper used car, found myself needing to replace a car last November.

 

[Stinkd]

Recently my 2012 Toyota Prius V3 suddenly needed it's engine fixed. I already had $6400 saved for the CT, but I needed a car to travel with, so I bought a 2014 Prius V5 with 61,000 miles. Now, I am going to hold off on buying my CT, for an extra year or two after my reservation number comes up.

 

[BillyGee]

Lease or buy a Y, trade it in for a CT. Honestly something I wish I could do right now.

They hold nearly 100% of their value and Tesla will give you that value, you might be able to get more from a third party though.

 

[Ranulf]

My only fear is what will happen when Giga Texas goes into volume production of the Y. Will we start seeing the Y depreciate more, as they will be easier to buy new?

 

[rr6013]

My only fear is what will happen when Giga Texas goes into volume production of the Y. Will we start seeing the Y depreciate more, as they will be easier to buy new?

Sell the “family loaner”. Let the family choose the next car of their dreams. Drive that. CT arrives turnback the dream car into “ family loaner”.

 

[John K]

The other side of coin, BUY the Y.

All the validation and ‘convincing’ you need. Think of the endorphin rush when you click buy?

 

[Crissa]

There are a couple threads about buying a Model 3 or Model Y in the meanwhile... I am not sure how to find them.

Basically, the math changes based upon your personal conditions.

You need a vehicle, we're nine months out from the first 50k or so Cybertrucks, your family lender is... not so good.

What sort of budget can you manage? Can you find someone to take up the payments when your truck is ready? How much value will a purchase retain?

You might even look at the used EV market, there's some deals there if you don't have to jump today.

-Crissa

 

[CostcoSamples]

Just go buy a cheap beater to hold you over. Stay focused on what you really want. The Y is a distraction.

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