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This is not a good deal. The price is not that much cheaper than a 4 year loan (~500 vs 750/mo), you still need a down payment, still pay for power and insuranc
by blacksmithgu 4y ago
This is not a good deal. The price is not that much cheaper than a 4 year loan (~500 vs 750/mo), you still need a down payment, still pay for power and insurance and parking, and you don't even get equity!
I can't see this being used by anything other than short term rentals and corporations who like stable expenses.
- kcplate 4y agoI can assure you for many people, $500 vs $750 is significantly cheaper.
- tylerfontaine 4y agoFor the folks for whom this is true (and I totally get it. This was me not even that long ago, so no judgments), a $6000 down payment / start fee / whatever is nearly unattainable.
- Retric 4y agoMost people capable of covering a 6,000$ down payment and 500$/month for a car, have the financial flexibly to make better financial decisions.
- uoaei 4y agoThat still doesn't make it make sense to go for a Tesla vs another kind of car.