Mustachian way to own a Tesla

Life Hacking
21

Tesla sales in Europe are down by 60%
I think they might want to move volumes

2 Likes
22

They currently offer not only 0% leasing, but also 0% credit. You can buy a Y for 60k and can pay that back over five years for 1000/month.

Where’s the catch?

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23

1000.-/month for 5 years is an awful lot of money for a car that could be used on other joy inducing means (partly, you’d still need to spend some on a car)?

3 Likes
24

I don’t have a car nor do I plan on buying one. My question is more why anybody would want to pay 60k upfront when they could also pay it over the course of 5 years with no interest. So there has to be a catch somewhere I’m not seeing.

2 Likes
25

Are you sure if you buy 100% cash today, the price is the same?

26

I see those 0% offers frequently popping up for cheaper stuff (TV & co.), usually there is a second company included that makes money on missed payments.

Here it might just be marketing?

That brings me to the question, what happens actually if a company gets liquidated during the first year? Can you still pay for 4 more years to keep your car? Probably not, as the whole bankruptcy procedure gets resolved before that?

27

Yes, there’s no discount for upfront payment.

28

There might not need to be a catch. For them, selling more cars and getting paid incrementally might be a good enough deal. They might even have too much inventory and be needing cashflow.

The point I was trying to make is that “the catch”, to me, would be to get you to buy a model Y Tesla. If you, as a client, want to buy one, just go for the most appropriate option to do so for it.

4 Likes
29

Interesting. Yeah I guess they are taking advantage of low interest rate regimes and get some sales

30

s/

You’d see it if you got it, it’d be sitting on 4 black rubber, air-filled tubes and it’d say “I am sorry” on the bumper and “bagholder” on the bonnet.

That’s got less to do with the appliance and more to do with the operators and their celebration of ignorance of the road, or mechanised transport :slight_smile:

1 Like
31

It is in fact a discount.
Ferdinand Dudenhöffer used to study real car prices taking into account trade in discounts, interest rates for leasing, free extras and whatnot to get an idea about the current state of the industry.