How I bought a Tesla for $78 Per Month
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- เผยแพร่เมื่อ 2 เม.ย. 2019
- I just bought the new 2019 Tesla Model 3 - here’s why it was only $78.39 per month. Enjoy! Add me on Instagram: GPStephan
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So how does a $40,000 car come down to a price of $29,450?
To start, this car is eligible for a $3750 federal tax credit until June 30th, 2019. This means if you pay more than $3750 in federal taxes, you will receive this entire amount back at the time you file your tax return. That money is as good as cash.
California drivers are also eligible for a $2500 Electric Vehicle Rebate, in which the state will mail you a check for $2500 upon showing proof of purchase.
Now Tesla gets a little sneaky after this…because in that $29,450 figure, Tesla also
So excluding the gas savings and only focusing on the first two, cash-value rebates, the ACTUAL price of the car comes to $33,750. For a brand new Tesla. Standard Range Plus. With AutoPilot.
So here’s how I bought this car for $78.39 per month:
Because I financed 100% of the car, my ONLY out of pocket cost was the taxes, license, and registration - which came to $4437.01
From the remaining amount I financed, my payment comes to $640 per month, or $7680 in the first year.
That means, in the first year, my total out of pocket cost is $12,117.01 between my payments, taxes, insurance, etc.
However, after the rebates and tax credits, that brings my TOTAL cost of owning this car for the first year down to $5867.01.
Because this car is for business use, the $1438 I pay in interest on the auto loan is a tax write off, the $4437 in taxes, licensing, and registration I paid upfront is a write off, and I can depreciate the car against my income. That’s a $14,075 tax write off…which saves me roughly about $4,926.25 in taxes.
So remember…my total out of pocket cost was $5867.01 after electric vehicle tax incentives. PLUS I save $4926.25 in taxes…that means I’m effectively buying a BRAND new Tesla Model 3 for $78.39 per month out of pocket…and realistically, this works out to be a FREE car when you take into account that MOST of that $640 per month loan payment goes towards principle, and that I can invest my money in real estate at a significantly higher return than what I’m paying in interest on the Tesla. But in terms of out of pocket cost: $78.39 per month.
And after going through the experience buying a Tesla like this, completely sight unseen, without ever having driven one before, I have to say…I don’t understand the concern of Tesla’s no-dealership model. Personally, I think the entire worry is overblown - and I think we’ll start to see a lot MORE car companies embracing this online-only business model.
We’re naturally entering an era where everything is done online. I haven’t been to a mall or physical store in FOREVER because it’s more convenient to buy it online, and USUALLY for a more competitive price because online stores have lower overhead, and that savings is passed down to the customer.
And for that, I have to give Tesla credit for being the first to really challenge the traditional business model of selling cars.
For business or one-on-one real estate investing/real estate agent consulting inquiries, you can reach me at GrahamStephanBusiness@gmail.com
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Imagine you miss a payment on a Tesla and it drives itself back to the dealership 😭
imagine stealing tweets for yt comments
i’m high
stopppp 😭😭😂
Oh gosh😭😭😂😂😂
lol
This is clickbait how tf do you expect us to afford $78.39 a month the title said $78.
Matthew Harris you’re funny I’ll sub
Spend 39 cents less
$78 for the first 8 months (through the end of 2019). Thereafter, roughly $600/mo for the remainder. So total out of pocket over 60 months in the $32k range. Not bad at all, but it averages out to $533/mo. Definitely click-bait quoting the effective monthly cost for his first 8 months of ownership without explaining the rest.
We got clickbaited
😂
Graham in 2030: *How I bought a SpaceX Starship for $420 a month*
@Graham Stephan bot avoid not real graham
@@exentren2771 Look at the second message lol. It says “his”
It's all fake bots don't trust them
Hahahahaha
What insurance do you suggest for a SpaceX starship
Moral of the story, buy it for a business that makes money, so you can get tax deduction. Nicely done, Graham. Love your dad's reaction! 😀
This video probably made him enough money to pay off the car already.
fax
100%
He made around40k $ from that video
@@885issa Definitely not, probably 3-4k was made max from this video as of today. Then shave off 1k for taxes
Robert Matlock not all videos are the same. I’ve watched a few videos on the subject and as a person who owned a website as well, I can say that some video earn more than others. Depends on the audience it attracts, what it’s talking about, and so forth.
If you got a site on sneakers, your waning power gonna be a larger number than a site on pranks. A site on financial tips and budgeting gonna make more than a site on science and math.
Not all videos (or websites) are equal. So yeah, he could make that much on one video.
Me trying to explain to my parents that this one thing i want to have isnt so expensive as it seems
@Johannes Kure Nielsen you serious?
Omg lmaooooooo
@Johannes Kure Nielsen Bruh
Ape lmao 🤣💀 I’m dead bro imagine explaining a new pc isn’t as much as it is like this
@Johannes Kure Nielsen He built it over all these years and literally anybody can
People tend to hate instead of asking how to do it for themselves
Best way to make income in the markets and profits from trades is by working with a financial advisor this will give you an edge over making mistakes and loosing resources this is why I work with Zach Micah Demers
I looked up his name on Google and was impressed by his resume; I consider myself lucky to have found this comment section.
That's a lot of money you're making. How do you do this on a regular basis? You have to be a trading genius.
You can certainly earn well with a good start-up capital. I take profits every week, and I've made a lot of money investing with Sir Zach Micah Demers, but your results are dependent on your investment capital.
Zach Micah Demers is a very knowledgeable person. I've known him for years, and reading through his qualifications, educational background, and resume is always impressive.-
How can I reach him?
Your fathers reaction was amazing he’s so proud of u
This man is a hustler, he made a video about buying a tesla to pay for said tesla.
@@bobus5681 ???
Bobus racist
@@bobus5681 coal
@@bobus5681 You get my upvote just for being an asshole.
@@bobus5681 racist
This dude could convince me to sell my own car to myself.
Can I interest you in a used car? only $200 a month
eksine 150 😎
@@AyonEcho $175 and I'll throw in some free undercoating
@@eksine you got me on a tight leash, but I'd love that undercoating. 170 and you've got a deal.
@@AyonEcho I'll sell you a used Toyota rav 4 2019 for 300 a month
That's great, Sometimes we need to get our minds off negativity and just motivate ourselves, If you dwell on your failures you will end up not achieving your dreams, take a chance and try something new.
"Markets are constantly in a state of uncertainity and flux and money is made by discounting the obvious and betting the unexpected"-George Soros
🚀🚀🚀
I use to take money from the bank for survival but after trading with her my financial status changed for real
The pandemic is far from over and a second market crash is inevitable. Proper consultation in these troubled times is in order, the best time to invest was 2008-2010 the second best time is now.
@@bartonjeffs9439 This economy crisis is just a time that differentiate the wise from the other, the wise will invest right now either in stock or cryptocurrency just to hold some shares of something
I like the way you look at that. That really informative stuff. The best part of the video is how excited your dad is for you. His enthusiasm was really endearing and infectious. I'm glad we got to see his reaction.
Should've used the Honey extension on the Tesla.
Lmaooo
i got a honey ad for this video lmao
@@TayyabKhan-ck6fd lol
Snarky Goblin lol
😂😂😭😭😂😭😭😭
I wish my dad was as happy as urs, when I bought my Tesla he was pissed cuz I used his credit card or something idk
Scott Silverman lol
lol classic
lmao
Scott Silverman , why didn’t you just use your own money? Part time job? He would have been elated.
@@edwardsferrazza9646 its a joke
The amount of time we spend believing we can't is more than enough time to learn how you can.
- my Brain
Stock's are crashing, Bitcoin Investment right now will be at every wise individual list in a month you we be ecstatic with the decision you make today
People are ignorant of the profitability in bitcoin Investment and that had been their major issues limiting their Investment
I love the fact that lucy Griffin she so honest and she keep to her world..
Who's this professional Expert Lucy Griffin everyone talking about
I see a lot of people talking so good about Lucy Griffin
You can tell your Dad really loves and is proud of you! That must be a great feeling to have!
Put the speed on 1.5x and this dude literally becomes ben shapiro
Preston Jensen lmao spot on!😂
😂😂😂😂
😂😂😂😂
1.25 speed is more like ben i think
That’s actually scary
How to get car 4 cheap: be rich already
the only true lifehack
@@godisgood2011able If you dont think he's rich, that's because you're worth more, or blind.
@@godisgood2011able not to mention he said he was gonna buy it outright with cash. Anyone with a spare 40k lying around is friggin rich I'm sorry.
@Big Don yess
@@pla6ue hes a realtor in LA. $40k is not that much money. You can make that selling one house
I loved that you showed us your dad‘s reaction when you surprised him. He was so happy for you. It almost made me cry.
The prices have went up significantly, now 42K starting price. And 12K for full self driving
Felt bad for your dad when he said "is this for me?". You should defintely buy your dad a tesla!
Bluegold Skies I’m reading the comments specifically to see if someone said what you just did lol
I think the same. Like dude you are a millionaire, and you can always earn more, that tesla is $35 k ,nothing compared to what you make/have
@@MsNeelamma You must not watch his channel regularly lol.
@@aubrielloyd-jones3929 ikr
Counting views of this video,,,he can probably buy another for his dad and pay for it in full,,,
next up:
how i bought a ferrari for $78 a second
😱
The cars are surprisingly affordable used, have fun with the maintenance though, and the insurance.
lol
But ur arse got grapes already...how u repaym
How I bought a 50 million dollar mansion for $78 every ten-thousandth of a second. I guess the old saying of "It's not what you say but how you say it" rings true. Lol
your dads reaction is so wholesome
his dads reaction was so wholesome and how the video ended so abruptly i loved it
I'm just gonna ignore that his father first said: " Is it for me??"
Yeah, I hope he bought one for his dad, from the money he made on this video. :)
I think his Dad was joking
@@C013ain lol
@@jaredtweed7826 Probably, probably not....His son doesn't visit without much notice, so he might be thinking that its a gift rather than something to show off, but who knows
ThisIsJustMe ws
Graham, I am just rewatching this video, and if you haven't already you should buy your dad a Tesla. His reaction and excitement is great.
@@jonasrominger3065 stfu bot
@@T94869 That's his father account...
Riccardo no 😐😐
Agreed
プレイヤーは今日です🍜
Man, I wish my dad had kind of excitement and positivity about choices I've made
Man things have changed a bit! That self driving is 10,000 dollars now!
Yah I was like wthhhhh
12,000 now
You can also get a Tesla Model S P10D for $0 per month. How? Pay it in cash all at once. Technically not wrong and clickbait worked.
Jia L. Except for insurance 😣
Exactly what I was thinking, but it gets better views than “ How I financed a Tesla for $78 a month!”
I think you meant P100D I know that because my brother has one
Lol wait till the second year, man seriously white ppl are bad at math, jkjk
@@jingyinglu7129 Not white people, you mean us Americans and we come in all shapes, colors, and sizes, not just white and most of us are equally bad at math. But the color of skin has nothing to do with the lack of math skills. You can blame it on our language, our numbers are much harder to pronounce in English than the Chinese equivalents which makes the whole process that much harder. That's where the old saying about Chinese being great at math originated. Gotta love science and the group that did the study. We have to write out One Million or 1,000,000 whereas Chinese simply write 一百万
I have a lot of things to says about this video. Theme being it’s misleading. First of, the $78 per month only applies to the first year of a six year lease. The payments to this car will ALWAYS be $640/month, even in that first year. What he’s doing is that he’s applying all the rebates and the gas savings and the tax write offs and this and that TO THAT FIRST YEAR, which is entirely arbitrary. Not only he should be applying this to the 6 year contract, but some of the things he’s counting in (like tax write offs) are not specific to Tesla. For example, if I buy a cellphone, I say it costs $1000 and not $1000 - “whatever the tax write off”. You know what I mean. But even if we do all that, here’s what the math really looks like.
$78.39 * 12 = $940.68
$640 * 60 = $38,400
$38,400 + $940.68 = $39,340.68
$39,340.68 / 72 = $546.40
This is how HE should have done the math, even tho it’s still very misleading. Cause remember, the payment is never different than $640 but what he’s doing is taking the potential savings and applying those towards the first 12 payments. Entirely misleading but if he did that to the actual life of the loan, the payment would be $546.40 (adjusted but not actual)
A lot of people already knew that and u spent a lot of time tryna prove your point, next time take that time and make some bank, so you make this guy look broke
What you were supposed to do it’s a video using his video to explain how wrong he is. Make sure it’s more tan 8 minutes length and you will get revenue and because you have to put his name you will get couple of more views as well. More money for you.
This whole dude’s whole channel is misleading. What a snake.
I was thinking exactly the same. Entire video about 72 months loan and he deducts all the rebates for the first year. WTF this is a completely wrong math.
He could even do more interesting video and calculate only first six months and claim that he is actually paid every month to own Tesla
@@tehKettyBear need more details
I like how stoked his dad was. Seems like a cool dude.
I love how pumped your Dad is, that's awesome!! Seems like a great guy and so proud of you haha! Well done 👍
Please get one for your dad, youtube paid that anyway.
first comment?
Please treat your dad!
Technologically amazing feats for $5K - nah, I can do that myself.
$3K to stay in your lane in traffic - oh yeah, definitely.
Hahaha 😂😂
Its 3+5k because you cant have the 5k without the 3k one
$5k for self driving? Too much
Dropping $33k cash outright to buy it, no problem
Steve Hall lmfao you realize that not paying that 5k makes that car completely pointless to own
@@amonGustavo07 yeah, any car that can't drive by itself is completely pointless hahaha
Graham I just wanted to let you know that I’ve been watching you for years and you motivated me to finally start my TH-cam channel. I kept telling myself that I don’t have time and I finally stopped making excuses and I started. Thank you for the motivation and keep up the good work.
Just subbed brother
@@kevinfuentes2577 thank you! I appreciate it! 😊
Year-over-year inflation stood at 6.5% in December 2022-the lowest that figure has been in more than a year. Inflation was in line with what economists expected and gave many of them a reason to believe that the peak of inflation may be behind us. I have approximately $150k stagnant in my port_folio that needs growth. What is the best way to take advantage of this downturn?
Don't waste your time watching. It's still $640 a month.
It's $75 a month for him because he: gets tax credits paid back next year. Lives in California and gets an extra tax credit every other state doesn't get. And had the taxes and interest subtracted because it's a "business" vehicle.
This isn't a car for $78 a month. This is full approve a car with rebates that the average Joe can't afford.
@Mark Evans nah
The only repeatable credit he has is the depreciation value - which cuts in half after the first year, so that $8200 turns into $4100, and by his own calculations only about 35% of that is returnable as a tax writeoff, so 0.35*4100 = $1435. So his annual payments of $7680 minus the depreciation value of $1435 = $6245 a year. This translates to $520.42 a month after the first year.
So basically this video is saying "Hey! If you put something on a credit card that doesn't charge any interest for the first year, it's free!"
No it’s still $75. (This is due to that being how much he paid)
The title says "How *I* bought", not "How *you* can buy".
I saw another video where he's bashing on a girl that makes 15k a year. This guy grew up in Santa Monica LMAO. Has been well off since birth. Fucking joke
Ok TH-cam... i finally watched it.... can you please get this out of my recommendations now
exactly what i thought :-D
When you hover over a video, you can click the three dots and click not interested. But I'm with you.
This must be the hottest new trend, to post a message to TH-cam telling them that you watched their recommendation...I've seen this 5 times in the last couple days. You're so cutting edge and trendy...**rolls eyes**
Yeah... except you now clicked on the video which means TH-cam thinks you're interested in this content and is now going to recommend more of the same things :)
Also remember to report it for misleading title
Proud Dad getting into the car is priceless 🤟🏼
Your dad is super proud of you that's evident! Happy for you-and your dad for that matter!!
Buy me one and I'll pay you $78.39 a month until I pay it off.
LMAO
i can pay you $80 per month if you buy me one
Buy me one and I will pay 400 a month
450$ a month get me one lol
@@therealtruckdriver lol
Every time my wife goes shopping, she tells me how much money she saved me by buying something on sale...so why aren't I getting richer?
Bro, I am just laughing. Lol
The only true saving is simply not buying, unless you are forced to buy it. But what can you do
Lol 😂
:D
Clearly not spending enough to get rich yet, just keep upping her limit.
Great video! Congratulations on all the views! I love your dad's reaction to the car! 😮😮😮
The ending with his father was incredibly wholesome!
Love it!
This video will pay for your Tesla
...it very well could! not even kidding
Not even close.
Time will tell but this is great click bait and not bad content
Nate I knew that pfp was familiar and that name! Nice seeing you here :)
Dan Odden tf you mean not even close
"is this for me?"
My heart broke
I know. It’s even sadder that he’s to cheap to buy his dad one of those
@@user-fs1tv8zx4d you’re right
@@sheikhtamim1178 he made like 49k back soooo
Lmao who's entitled now boomer
@@shalow9158 right.He could buy one for his dad and made another video but he's cheap to Spent money 🤔
EVERYBODY HE HAS A POCSAST!! This is perfect I can listen and still stay productive!! Thank you for all you do.
Oh wow I'm in this video! Lol at 7:40 8 in the Tesla lobby. I'm sitting with a couple explaining autopilot safety to them lol wow!
So you mean to tell me you were watching a video of mine and opened up another tab.................. I am certainly in my feelings about this.... but since you actually bought a M3 you are my hero and I am very happy :)) Beautiful car and so minimalistic on the inside. Love it! You are da man! Have a great day
If Jeremy gets 100 likes on this comment he has to buy the Tesla Roadster.
Too bad he didn’t buy an....M3. LOL
@@GrahamStephan #67 to 100 :-D Go Go Gadget!
Done
Financial - I'm Balding - Education stopping by :))
He has made a couple of months worth of payment from this video
You Do understand the middle class folks are paying majority of his payments to his vehicle... right?
@@AwesomeBlackDude I think we all do.
@@AwesomeBlackDude "Don't hate the player, hate the game."
AwesomeBlackDude You probably want a wall around the country that won’t keep out anyone but a stick, and would virtually drive up in cost ice true years killing the middle class unlike EV’s 🙂😂.
AwesomeBlackDude Point is Atleast These Cars work.. and not some stupid military failure, US invasion of broke ass countries, stupid ass walls that don’t work, everything but improve the country.
I just want my parents to be proud of me like your dad was at the end lmao
Seeing Graham’s dads excitement is so fun and heartwarming
A whole video of justifying the purchase to himself haha. It’s the kind of inner monologue I have whenever I make an impulse purchase 😂
¯\_(ツ)_/¯
Lolol right.
No, he's doing what rich people used to do with home-buying - even if they have the cash to buy the house, they get a mortgage instead and invest the money, then they use the dividends or interest they get from their investment to make the monthly payments on the mortage - and they end up with a free house. That's how the rich stay rich.
James Hogg why. U higggghf
This is the same inner conflict I have when deciding whether or not to get Guac at Chipotle #BigMoves
The way you were like "This is the 2019 Tesla model 3"like Doug DeMuro, and "Graham score"!! 😂😂
haha thanks!
5/10 Doug impersonation, no back seat review
I was hoping for a graham score, the tesla should get a 10/10 in value for a $70 payment.
You can tell he watches him alot though the way he was flailing his arms around 😂😂 edited cause i was lmao
I like your Father's Reaction , He really loves you and he was a Car fan 😍
Real question:
You treated the car as a business asset on your taxes, but then you drove it to go see your dad, not a business use.
So my question is, how much personal use can you get out of a business vehicle before it's a "problem"?
He was recording a video, so technically it was a business trip. Clever loophole, right?
I suppose you paid $3 a month for the MacBook Pro?
TheAfricanPrince lol
😂😂😂
Omg lmao
Lol
TheAfricanPrince. I’d like that
Correct title: How I bought a Tesla for 78 dollars a month (for the first year of SIX)
Yeah but what about the views? Man gotta make enouth to pay the other 5 years. I don't blame him tbh
@@DarkDevilGaming bruh ain't taking none of my money so he can do whatever he needs.
@@lxDastanxl if you payed if off in one year the payments would be over $3000 per month lol- what you mean?
Yeah its definitely clickbait... I just bought a car for around 40k and I pay around $800 a month. There is no way I could’ve gotten it down under $700 a month with the best credit score.
78 AND 39 CENTS!
Hi Graham! I have been your subscriber for some time now, and I definitely admire your work, and how you are able to constantly deliver good content for your subscribers! And that shows in the number of followers, when I started following you, it was just under 1M. and look at you now, 3+ and still growing. Thats awesome! So I do have a Weird question, I know you moved to Vegas recently and I wanted to see if you'd be interested in meeting up for coffee or lunch. I know there is SO much I can learn from you, and I actually purchased your TH-cam Creator course a few months back. Lots of good tips there. But it'd be super awesome if we could do something like that. Just trying my luck! Thanks in advance!!
Vlad
As someone insanely considering buying a Tesla, this was super interesting. Thanks Graham!
Graham: teaches you how to save your money
Also Graham: buys a Tesla because he feels like it
Dude is making 150k a month on TH-cam alone and his Tesla's videos actually make him more money than the car cost him so, he got it sorted 👍
As he mentioned in the video, this model ends up being much more affordable then buying a 32k luxury car though so in a way this is teaching you how to save. Obviously though, as Dave Ramsey says if you're not a millionaire you shouldn't be buying brand new luxury cars and put yourself in debt but if you are wealthy this is economical.
@@daisigner it all was planned, the Tesla is essentially free now if you think about it.
clicks likes, subs and his rented fake mansion.....all the same nonsense OVER AND OVER by little kids
This guy will pay $640 a month for the 5 years left on the loan after the first year passes... Clickbait-
John Davis he still paying $78 for that first year tho at least
@CAPTAIN DABBIN but if he saves enough gas in a year, the monthly costs could still stay close to nothing for him. (personnally i dont burn 600$ in gaz a month, only maybe 120.) someone who drives a lot could benefit from an electric car, if they can accept the limitations of it. say driving 1000 miles a week on average, with 35mpg, it will end up costing the same in gas, so why not
@@lookatyourpastside4714 so? He could have applied all discounts and rebates to only one month and claimed that he was being paid to drive a brand new tesla lol- it's bullshit- he needs to spread all the rebates out over all payments and then that's what he paid per month...
John Davis Bruh he made like $80k on this video alone. The Tesla is paid
Mark M you know nothing about youtube CPMs lol
Your dad's reactions got to be the best part of a video
I'm a car painter the reason why the color cost more is because it's 3ct and not just normal metallic, red is the hardest to fix if
Sounds like the math I use to buy more camera gear.
exactly
You can literally rationalize anything
sounds like the kind of math where you get paid to promote a company.
This new lens is $3200 and very niche, won't get much use, but based on 6 years of usage, and the business tax write off, and the fact that it won't depreciate much in value if I take care of, I project that, out of pocket, the lens will have costed me nothing as long as I can get atleast 12 years of usage out of it.
Or how one explains to ones wife to buy more car parts 😂
I bought a 1997 Toyota Corolla with 98,000 miles for $600 spent $850 fixing it and it runs like a dream. saved around 30,000 in car payment and taxes...thank you Toyota😊
How many miles it had when you bought?
@@gnsarathbabu uhhhhh he clearly stated it had 98,000 miles
@@gnsarathbabu please, buy some glasses
Is it worth your dignity though
Andre Maines is day so he will have better car in future with all the savings
You can tell how proud your dad is of you! How awesome!
I like how supportive and energetic his father is ... :)
dad : "is this for me??"
that was sad....
He might've meant it as a joke
@@iKingRPG I feel like it was a joke haha
I mean what will you say to ur dad after that
Um no dad its not
@@Calm_and_relaxing247 lol
Rather than blowing this video off as a click bait video, learn something from it. For instance learn how you can use tax benefits to your advantage when making purchases like this.
Nah, this is how to get the IRS on your ass and how to manipulate the math. The only thing I am learning is how dupe people are.
No it's a Clickbait.
if he wanted to tell us how to get our taxes back he would name it somthing else and only speak about that.
and it would also be easier and shorter video.
But he wanted to get views from that Titel.
90% < of people take standard deduction. Basically Unless you own a business you wont get extra tax savings from this.....
Can somebody explain me? So he's paying 78 dls + 640 of the monthly pay? Something like 718 per month?
It's too late to even get the tax credit. Lol
God! I love your father's expression. Exactly how my dad would react! This is just a great feeling. I dream about getting a Tesla every day of my goddamn life!
Your dad's reaction is great! So cool! Congrats on the Tesla!
“A lemur”
Bro I recognize Zoboomafoo when I see him
Best show ever.
LOL love that show
omg was that zaboomafo
How to get car 4 cheap: Post clickbait video, pay car from TH-cam money.
1 million views averages at about 100000 USD...
the devil himself no it doesn’t..
@@exiled_to_elba 1m views is roughly $3000 USD....
Plus the referral link. TH-cam works like a charm!
@@thephoenixstudio It really depends on the viewer demographic. For graham it's about $9-10k USD. So that times 4.4 would roughly be his earnings from this video
I love how psyched your dad is at the end there; well done!!
Graham, your dad is so cool. I can see why you are the man that you are today. Do you get to see him very often now that you're in Vegas??
Throughout this whole video, my favorite part was dad’s excitement. It’s so cool to have someone be so happy for you.
same here. made me miss my dad a lot though.
@@jericcarino I hear you
Isn't that 78 bucks a month only for the first year???
Also the power of owning your own business...
and claiming you never ever used it for personal use... if you use it for personal use half the time then you're suppose to only deduct half for business, not 100%, and when you sell the car you need to pay tax on that
Adrian Lynn oh didn't know that. Only knew part of it like not claiming 100% of anything. Maybe 70% max unless it truly is more.
The loan interest and depreciation tax write offs would still be effective in year two. In fact, you can depreciate a greater amount of the car in year two than year one. I believe its $16000 in year 2. Once the car is fully depreciated though you gain no benefit... also if you were to sell it at any point after, you'd have yourself a taxable gain on the full amount of the sale due to it being fully depreciated. I am not a tax professional... but this is my limited knowledge of this kinda stuff from having my own business and buying cars through it to gain similar tax advantages.
@@johnokeefe2471 i think he took all the writeoffs and credits, subtracted that from the price he paid for the car then divided it by the number of payments of the loan...and got $73. but this guy must have really good credit score to get approved. i wouldnt qualify lol
Just watching Rich Rebuilds on how people buying the Model 3 and because of how so many people want it that it's being resold at price or higher of the original
Not sure how long that will last but it's it ends up being like a Elise then he might really win
th-cam.com/video/byF5agx3Qz4/w-d-xo.html
Love this video. The editing is amazing. Good job 👏
Thank you so much I literally
Went to the website and bought myself a new tesla
*for the first year
Hey, if the money gets to stay in your pocket for longer, that's a big bonus.
reported for click bait!
Funny how he talks about investing the money instead of paying it up front and he pays up front all that he says he is going to get back, but in reality he is going to get it back almost a year from now, so he loses the interest he would get had he invested them and loses on inflation since his X thousand $ a year from now will not be worth X, but Y in nowadays money and Y will be less than X thanks to the inflation.
*only for California
*if you live in California
$78 just for first year my friend,after that $7680 per year and no much for depreciation left
you can't continue to depreciate your car?
Bulgaria Stronk
Or u could sell it and buy a new one and do the same thing
the depreciation would be the same for the next 4 years.
Max Hoderlein I would assume he used MACRS with 200% GDS with half year convention. Resulting in 20% depreciation on the cost of asset. Or 8,000 on the first year. Which even then under bonus depreciation under the first year rule for luxury cars, it would be 18,000 if he chooses this path.
For someone who likes to save money, I would have thought you'd enjoy negotiating with a car salesmen? I actually do. Picked up a 2021 new $40K listed car for $35K out the door price and it only took me an hour on the phone and then an hour at another dealership to play them off of each other.
Your dad’s reaction 🥺. I hope you get to surprise him with his own one day.
How a business bought a Tesla for $78 per Month for the first year and then $640 per month for the next 5 years.
Not to mention that a sizable chunk of the discount is due to it being a "business car." Most people can't legally write that off and frankly I think it's probably questionable if he can as a true business car like that is only to be used for business no personal use.
@@AndrewWellsPlus rule of thumb is 80/20 business:personal use, but cars are generally fine for business tax write-offs
@@AndrewWellsPlus Maybe you should start considering why you say "most people can't" when in reality, yeah...yeah you can.
@@AndrewWellsPlus You actually can...if you start a business and use it for business purposes. But you won't because you'd rather stay an employee where you get safe reliable income.
@@AndrewWellsPlus Sign up as an Uber driver. Purchase car. Drive Uber 1 night a week, make some extra cash & boom it is also now a business write-off.
Next video. "How I bought a Lamborghini using ad revenue from my Model 3 video".
:o
why are you so fckking jelaous, get a life
You mean "How I bought a Lamborghini for $78 a month"?
bahaaaaaa thats gold 😂😂😂😂
Lmao
think about how many businesses you put out of business due to "buying online"
Haha been watching your videos the past few days. Thank you for the incuragement and information.
?
Tax accountant here, here's what you need to know:
1. The rebates are a one time rebate so the monthly cost is only for the first year. Plus rebates are now entirely over with for Teslas.
2. Depreciation is wrong, it's actually much higher in the first year than $8,200.
3. This is assuming 100% business use so you'll need the documentation to prove you never drove this for personal reasons if you're ever audited
Thank you! seriously I know this guy makes a lot of money but many of his videos are bs, he inflated his number or had many misinformation
your right and after yrs the dealer will trade in gor aproc 7-8k if its still great condition and he will lose negative equirt of around 22000 buckks depreviation on day 1 is 22 percent and 7-9 percent every year after and the write off only pays him back around 6 percent of write off first year ,its not free money from the irs . if you write off 14k hell only get 2k back tops and around 700 bucks off his taxes for the first year only .and he paid too much for a small car anyway
How can you guys tell when you don't use it for business? You can always lie, it's not like they are monitoring you.
@@josueamparo1677 For the most part if you have the proper documentation BEFORE the IRS asks for it under an audit then they don't question it further. Handling an audit and avoiding certain audit flags on the tax return is something a lot of small business CPA's don't think about.
Rebates are not over. In California you can get up to a $7,000 rebate thru CVRP
He’s so excited for you that I really wish you had purchased it for him.
He wouldn't do that because he is cheap
@@liongo6693 but he only paid $78 dollars, he could have at least bought 2.
"That is just like you like!" lmao. He's was happy for you. So dope
6:36 nice reference for the car enthusiasts out there
I wasn't even planning on buying a Tesla.
Also: I was planning on paying cash to buy a Tesla.
He also said, he purchased multiple cars before in the beginning, then when the car arrived he said he's now a car owner for the first time.
@@attisbarros5546 Actually, he said that it was the first day owning the car, not any car.
evo1video no he means, when i saw the price was 33k i thought i will buy it cash but when he saw it would be better to take teslas deal and buy it that way.
@@Simlife101I know what he meant. It was just a joke lol.
is everyone just going to ignore the LIGMA license plate ?
angelina n i absolutely loved that
We aren’t ignoring it, it was shown by him.
Whats ligma?
Pranjal Sharma ligma balls *drop mic*
Mario Palacios goddamit not again
This is the type of stuff that males the difference! Knowledge is power
How cute your dad is i love his excitement and he talks just like me 😂
I love the turnaround from criticizing Tesla for their discount logic and the using that same math to create your clickbait title 😂
I know! This guy is a fucking toolbag
But he ain’t the sharpest toolbag in the shed
Came here to say exactly this...
invest in things that give you tax credits.
Nina Maldonado making babies it is
My heart felt warm after seeing how happy your dad looked
It was awesome to surprise him like that!
Your dad is adorable. I love his excitement!