Link to join StockHub free investing discord server: Want to join our free STOCKHUB discord chat? Here is the link
Well guys it’s the middle of the night and i’m recording a video which means i might have made a little mistake okay let me just describe what has happened here tonight okay so i go to my disc or the disc or it’s in my private stock market group and looking through comments responding to people and whatnot and there’s this post from someone named mason that’s in
My group okay mason post a link to twitter this seems interesting he’s like thought so i go ahead and i click on the link i shouldn’t have clicked on the link it was a bad decision i went to the tesla says an update to our vehicle line up ball three has been the best-selling premium car in the us for the past three quarters and we’ve heard from model three owners
Around the world that they loved their cars it’s a highest customer satisfaction rating of any car in the world today we’re making some changes to online ordering to simplify vehicle choices and make autopilot more affordable all tests of vehicles now come with autopilot bundle as a standard feature for less than the prior cost of the option for example model three
Standard plus used to cost thirty seven thousand five hundred plus three thousand for the autopilot option it now cost thirty nine thousand five hundred with autopilot included we think including autopilot is very important because our data strongly indicates that the chance of an accident is much lower when auto pilot is enabled okay and that’s where i probably
Should have stopped reading it but i scroll down just a bit more and then this section says leasing beginning today customers in the us will be able to lease model three for a small down payment in competitive monthly payments customers can choose any model three variant and select an annual mileage option of ten thousand twelve thousand or fifteen thousand miles
And so this got me thinking hey this might be kind of interesting i do kind of want to model three do i need a model three no but i do kind of want one and so i was like let me just kind of like see how much it would be and this is mckenna’s seems interesting so i picked the standard range plus so this is what i choose at first okay you know you get two hundred and
Forty miles of range goes one hundred and forty 5.3 seconds zero to sixty and you know it’s not bad so do today would be $2,500 i’d have to put $3,000 down for the least i would get it for 36 months 10,000 miles it would mostly be used for like work-related stuff i guess you can say for this particular car and that’s a 10,000 miles is more than enough it would cost
About 500 bucks a month but then but then i thought yolo you only live once and then i went and i checked out the performance version and i saw it goes 0 to 60 in 3.2 seconds and the range is 310 miles but the zero to 60 is whether there’s really what caught me guys it says zero to 60 and 3.2 and i said oh my gosh oh my gosh i gotta have that one so i went ahead
And looked at that one so you get the model three performance dual motor all-wheel drive you get the performance upgrade you get 20 inch wheels you get performance brakes and you get auto pilot and so the the least payment on that one would be roughly you know just under 850 bucks a month about 843 but here’s the thing if the down payment doesn’t change you’re
Still going to put the three thousand down and then the fully refundable deposit of twenty five hundred is the same exact as any other model so what did i go ahead and do i courted the performance model okay so after i order the performance model then i had to go ahead i had to put the delivery location in i had to put the registration insurance if i want to do a
Trade in which i was not had to put all that information and it was not very complicated it wasn’t really hard to do to be completely honest and then it says tesla will notify you when to submit your leasing credit application so i guess i have to wait for that now now estimated delivery on this vehicle is supposed to be within two weeks from the order place so i
Don’t know i personally i don’t need this car in any quick amount of time i would actually be ok with it actually taking a little longer but we’ll have to see like who knows it could end up in a we could be at my house in a week i don’t know okay but it does say it’s gonna be here within two weeks who knows i’m okay if it doesn’t come for like a month or two like
Personally so did they take the money out of my account you bet they did they took that out right away that the $2,500 there and so we got to talk a few different things here okay first off like what am i gonna do with the alpha so i bought an alfa romeo last year in 2018 i bought an alfa romeo estelle vo we still own that that will probably be the the family car
I guess you can say an suv kind of more space and whatnot that would probably still be the everyday driver for family and whatnot this will be more like because i drive around to a lot of stores do channel checks for stocks you know stocks and looking and doing whatnot that sell into retail locations things like that like i always do like driving around and things
Like that so that’s probably what the tests will be for so the tests are here the performance model 3.2 seconds 0 to 60 that sounds pretty dang fun okay so here’s what we’re looking at on the financials this is a financial education channel to talk a little bit about money so the payments are roughly a hundred fifty bucks a month or so so here’s how we’re looking
With this and here’s why i decided to elise rather than i’ll buy with this situation okay so eight hundred fifty dollars times thirty six months which is the the course of that lease okay it’s gonna cost about just over thirty thousand dollars so about thirty thousand six hundred dollars for those three years alright now you gotta add in the extra three thousand
Dollars which is gonna be the the payment i guess you can say that’s due so really the cost over the course those three years you know and once again then you do how to add up insurance to because obviously insurance on the car who knows that might be an extra hundred bucks a month might be an extra two hundred dollars to our insurance bill we’ll have to see about
That aim and called about that yet we’ll see what happens there but neither say the cost of just the the car itself is thirty three thousand six hundred dollars okay now this is a car that right now if i had bought it let’s say i bought this car cash it’d be about sixty thousand dollars out-of-pocket alright so essentially saying this cars value at the end should
Be at least twenty seven thousand four hundred dollars now i have a feeling that car will be worth more than twenty seven thousand four hundred dollars when i go ahead and turn in the keys to that in three years from now which we’ll see when this actual car comes it could come here at the end of april or it could come in may this let’s just say it comes in may
So may 20-22 is when i give up the keys to that model three obviously it would have thirty thousand miles on it roughly three year old car i have a feeling that’s going to be worth more than that it’ll probably be worth like thirty five thousand dollars i would say then i don’t see it being worth a lot more 35000 because the cost of electric vehicles continues
To come down quite a bit each and every year so i think that’s something a lot a lot of people are factored in and by the way a lot of model 3 owners are complaining that you know they buy elon making this change again and including autopilot people paid extra money you know a lot of model 3 others are actually complaining about that now if you guys are a little
Confused on what i’m talking about i took some screenshots of the thread from the tesla twitter here this guy says and my car is devalued again for the third time awesome this person says seriously though i bought my long-range a year ago for $49,000 without autopilot now we can get a quicker dual motor option with autopilot for about the same price so people are
Not too happy about this but then this person says i got a pc a year ago for the same money today i could get something almost twice as powerful i’m never getting a pc again and that person does bring out a good point i mean everything you buy just loses value i mean an iphone you buy $1000 iphone this year in two or three years out of that iphones gonna be pretty
Much worthless or worth a couple hundred bucks that’s just kind of like the facts so needless to say these cars are gonna drop in value because the cost keeps coming down for making these vehicles so i think it’ll be higher than twenty seven thousand four hundred i think it’d be close to thirty five thousand the cars true value on if you know the next person that
Goes ahead and buys it if someone get somebody goes ahead and buys it okay now who knows tesla might actually make that go on to the tesla fleet when it’s done because it’s already gonna have autopilot so some of these leases by that time the amido autopilot might be synonymous it might be you know something that’s government regulated and it’s fine and who knows
Maybe tesla will have that car for its fleet when it’s all said and done we’ll have to see they’re mean this to say i didn’t want to buy this car because if i let’s say i bought a cache like that’s a lot of cash to part with right but the other part is if i bought it on loan like we have a lot going on we just bought a house and whatnot so i’m not really looking
To take out another loan or something like that at this particular time so i was like a lease option for this situation to have a really fun model 3 which is more what it’s for it would obviously be for work related stuff but also fun like 0 to 60 and 3.2 seconds that would like smoke the alpha like the alpha is crazy fast like the alpha we have is one of the
Fastest suvs literally in the world but the this model 3 is gonna test the hell for the leeson 0 to 60 may zero to 100 we’ll have to see but you know i’m looking forward to it i’m not happy you know that i spent all this money but i’m never happy when i spend a lot of money because this is a it’s gonna be a basically an additional thousand dollars of extra roughly
Cost per month so you know it’s another thousand bucks out the window but hey you know yellow sometimes you gotta just spend some money every once in a while so i’m going ahead and spending some money on that but anyways i’ll definitely do a video when i get the car i’m gonna show you guys the car well maybe if you guys want me to do some tests with the cars from
Zero to 60 s and whatnot we can do that type of stuff let me know in the comment section if you’re interested in any of that and let me know what you think about the model 3 performance version alright thank you for watching and have a great night jeremy is such a stupid idiot could use that thirty thousand infested thousand money forty percent returns no what
Should that have been thirty thousand then olson it turns into like forty five thousand forty five thousand then turns into like sixty five thousand sixty five thousand a hundred thousand oh well hey there gang welcome into late night vision financial education make sure you check out this video i did 24 hours ago call ten things i don’t spend money on minimalism
And saving money tips you know what we could add to that maybe don’t buy a model three in the middle of the night jeremy maybe you don’t spend all that money maybe that’s a good saving money
Transcribed from video
I Just Ordered A Tesla Model 3 Performance Edition By Financial Education
