Anyone else in this situation?

Not me but i want to be in that situation

This was me, but I had a 2020 Model Y with FSD. The end of the transfer and the 1% interest was too much for me and I finally caved.

Lmfao this just comes off as a weird flex, just buy the car dude

It’s honestly not or at least wasn’t my intent.

It’s hard and I don’t want to miss out on the great promotion.

This was me 4 weeks ago. Dude, get the Tesla. It’s soooo worth it.

Was in your situation, bought a new car in 2008 and took it as far as I could, which ended up being 2024, even though I could have afforded to buy cars. I bought on a 0% APR in 2024. Now I have to buy another because an old lady totaled mine.

lol....your post sounds almost exactly like me....except after mortgage, car insurance, phone, wifi, etc, I am able to save anywhere between $50 and $60 a month, assuming I stick to a diet of Top Ramen and tuna. And I still traded my paid-off '23 Rav4 Prime for a Model Y AWD Premium. Couldn't resist the 0.9% and I was desperate for FSD to reduce the stress of my daily 2 to 3 hour commute!! Just buy the car already!!! ::edit:: thanks for the downvote! Are you trying to passive aggressively tell me I should try to return it so I can eat a steak once in a while??

Similar situation. I pick mine up tomorrow :)

This was me in December. I hadn’t had a car payment since 2019, I was so hesitant. I ultimately compromised by putting a larger down payment so I didn’t so feel so weird about the monthly payment.

At this point it’s all about how u feel. If u feel good driving it ( while u need to drive, I assume u dont need to drive much since wfh). And u can easily afford it. Just go for it. Or u rather save that money for some of ur hobby that could make u happy.

Look, it’s not a need. You have a car that probably has 4+ years of reliable performance left. It sounds like a want. Have you done a test drive? Are you sure you’ll like it a lot better than the Maxima? The nice thing is the financing almost free money given the interest rate. You’ll still be investing a lot of income, which is great. I picked up mine when they offered 0% in Nov 2024. I justified it as not needing to pull $40k out of my investment account.

Magic 8 Ball says: Ask Again Later

Are you planning to trade your current car in? Not that it would make much difference but if I was trading it in that would push me over the edge and I’d go for it.

Almost no one ever "needs" a Tesla. A legitimate "need" for a car like a MY or M3 can be filled by a 5 year old Honda Accord or Toyota Camry. Anything else is a want unless you have a specialized requirement for it, like hauling or towing stuff or lots of snow or offroad driving or a large family. But all of those particular needs are generally handled better by cars other than Teslas anyway. Bottom line, Teslas are mostly a "want" product.

WTF… you’re awesome , just ask yourself!

I can certainly relate to this. I’m a tightwad and have been agonizing on and off for the past year re: trading my model 3 for an awd premium y. Picked up the y a couple weeks ago. Only regret I have is that I didn’t get it sooner. It’s roomy, quiet (except for the stereo) and rides smoothly. Auto wipers still suck tho. If you get it, make sure to take advantage of the fsd trial!

Cool stories bro. Not all of us like to brag like that.

No reason to post this

Classic Don Rickles style joke, thanks for the lol

Do as you can I got a MYP gave myself a raise lol 😂 paying it in 3-4 yrs off my payment is $1000 who cares still saving money - sounds like out can - and I wanted too and don’t regret it - also got FSD right out !

I looked at it like this. I have the money to pay for the car. Even in a HYSA, it’s making over 3.5%. Why in the world would I take money from there to pay a loan at 0.99%? I ended up taking a 72 month loan, lol! Over the term of the loan I will pay just over $1,000 of interest total, which is actually tax deductible. I will make several times that from my investments. If you can afford it, and it’s not going to substantially impact your financial future, go for it. Life is short.

Enjoy life a bit. Picked mine up this week.

This is a question for personal finance sub not a Tesla sub. If you want it, buy it. Less maintenance and more fun!

Since you work remotely, it would be better to sell the Nissan and stash the cash. This way, you won’t have to worry about paying for gas or insurance ;)

Over a lifetime of personal vehicle ownership I've managed to avoid leasing while engaging car loans from either the vehicle manufacturer or my Credit Union, or paying cash, or a combination of a loan with early payoff. Most of my purchases involved trade in vehicles. I purchased my first 2015 Tesla Model S by selling one vehicle and using my second vehicle as a trade in plus cash. The reason I've described my journey is to emphasize your decisions should be your decisions. You sound like a smart person but maybe simply lacking personal experience. Whatever works for you to attain your desired outcome is what counts. Personally I don't like debt but I can live with a little for short periods of time in order to get what I want. Good luck, you'll figure it out.

Don't buy new, look at how fast Tesla's devalue compared to other vehicles. I would buy CPO or used private. This will reduce your burden of depreciation. I regret buying a tesla, but not owning one. If I could go back in time, I would lease.

Sounds like it’s time for you! If you weee under age of 30 might delay and keep pounding the savings Everyone’s time is different. You won’t regret it

I was just in the same boat as you. I bought the car, zero regrets.

I have had quite a few cars in my 50+ years of driving, but I’ve never made a car payment. Of course, I have driven lots of old cars and still do. My daily driver is a 1983 Volvo wagon. My wife has a 2024 model Y. We paid cash for the Tesla. I understand the argument that if you get a very low interest rate it might make sense to make payments rather than paying cash if you invest that cash at a higher interest rate. However, I wonder how many people actually do that. If that is the approach, put the cash for the car in a high-yield savings account and make the payments for it out of that.

This is not a Tesla question, try r/personalfinance.

Thanks for all responses everyone. I feel more inclined to purchase the vehicle now. Life is too short and we should all treat ourselves sometimes.

Don’t buy things you don’t need. Next?

Man buy a used 2023+ for cash, not sure why even bother with a loan if you’re saving that much a month

Sure, that’s part of OP’s uncertainty to proceed. It should be helpful to admit and accept that this purchase is not urgently needed. A rational decision can be made from there.

If you can save that much a month AND getting a raise, go for it! Even if it’s a want. 8 understand how disciplined you are but you worked hard for the things you “want”. Treat yourself my brother.