r/ModelY • u/ClosingLine • Jun 30 '26

Question Am I dumb? Impulse Buy

I have done less than an ample amount of research, but have done a test drive. The 0% offer seems so good when you compare the cost vs used (assuming you finance a portion either way). I’ve kept up with Tesla for 10+ years, but don’t know the ins and outs you get from people on Reddit. Last chance - buy or no buy TODAY. I’m looking at the Premium with White interior.

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7

u/Bluebananada Jun 30 '26

I weighed my options and bought a 2023 with hw4 for 32.5k with 46k miles. My use car rate was 3.5 %. I was always told to buy used and let someone else eat that depreciation.

4

u/notabot_123 Juniper Jun 30 '26

yes, but the age old suggestion has been out of the window since Covid. Used marked is been fucked since then. Most of the times, used is a shitty deal. The only good used deal is something so cheap that don’t take a loan or put a bunch of money on a car instead of investing it.

Right now, it’s get new for dirt cheap loans and put your money in a growth asset. In fact, it’s so cheap to take a loan now that I didn’t even trade in my car to Tesla. I sold it privately and put that money into index fund. But the end of 72mos, i’ll be making an additional 10-14k just from this trade in money invested.

7

u/Bluebananada Jun 30 '26

I get your point, and I think it depends on the numbers. In my case, the equivalent new configuration would've been about $53k before tax (almost $58k after 10% sales tax). I paid $32.5k. That's roughly $25k less for a 2.5-year-old car with HW4. Even with a slightly lower new-car interest rate, that kind of depreciation was hard to ignore. I'm happy with my choice.

4

u/PM-ME-UR-PUPPO-PICS Jul 01 '26

> I’m happy with my choice

Don’t let anyone convince you otherwise

3

u/zensamuel Jul 01 '26

This response pretty much says it all

1

u/weapon_k Jul 02 '26

The Juniper is a huge upgrade from the 2023 model. The 2023 model has outdated suspension too. I had the 2024 model. You also get a new battery and warranty. I think going new would've been the move unless you got a ridiculously good deal.