Can I Afford a Tesla?

[@rigopatino8622]

IMO, everyone should buy a Tesla ....since I’m a Tesla stockholder

[@arvinsingh8925]

Hahah same. We just hit all time highs today. Congratz to us

[@blackholefalling4802]

I hold the Ark Robotics ETF so I agree lol

[@JugsOnMySack]

Girl: hi what is your name? Tesla stock holders: I own x amount of shares of tesla

[@Minte123]

XD

[@TILLEYJS]

Me: you're a monster. Also me: I like the way you think.

[@SolvingTheMoneyProblem]

Everyone who bought Tesla stock: "Yes"

[@vanbeek62]

Haha how did I know I'd see you here :) you scoundrel

[@willvice3998]

🤣🤣🤣🤣

[@rj8u]

Buy Options for Tesla for 50K then sell it by the end of December then you could have fully paid for your Tesla model 3 and profited atleast 30k after 😜😆👍.

[@buildyourfuture5649]

Cannot wait until Tesla’s pay themselves off with FSD and/or VTG

[@Tupacca10]

I almost hate how accurate this is.

[@LucasMarshall]

Dave says the louder the muffler the better, this man then tells him he wants a silent car 😂

[@Devinfrbs]

They do sell exhaust sound generators attached to fake exhaust pipes for teslas lol

[@carolea7158]

@@Devinfrbs ugh oh no

[@DescubreConYunis]

he can get an after market wireless muffler.. lol

[@Cbv1914]

@Ayawrxsti attached to his mouth so he can make turbo noises? LoL but based on your name turbo flat4s make some amazing sounds. Owned a 05 for 10 years

[@Devinfrbs]

@Ayawrxsti I had a 2015 WRX. The sounds were a symphony.

[@SnowbirdSteeze]

Been watching Dave for years. Instead of buying a Tesla in Nov 2019, I put that money into TSLA.... that investment has allowed me to buy a house and the car, cash

[@ThreePuttBogeys88]

I've had my Model 3 for 2 years now. Paid $50k for it and it values at $45k today, they hold value really well and I get free software updates which give me every brand new feature the most current version. I begrudgingly bought brand new and now have zero regret.

[@bindingcurve]

Really? I was on the Tesla website and a low mileage used goes for less than that INCLUDING FSD. Who is going to give you 45 for a private sale?

[@riverdaletales8457]

They still go down though so I would still not buy ....

[@bindingcurve]

@@riverdaletales8457 All cars go down in price with few exceptions. Tesla's are weird as the actual quality has been improving and the older 3s are holding their value.

[@anthonyreynolds2365]

@@riverdaletales8457 All cars do. Tesla's happen to always held their value best throughout their life though. In an unprecedented manner may I add. A dumpy 2012 Model S STILL goes for $30-40K used with less than 120K miles which please don't buy those for anyone that might be reading.. lol. A used BMW or Merc for 100K goes for $20k and likely less at that age. Tesla finds a way to defy all normal rules somehow.

[@blackworldtraveler3711]

You’re trying to rationalize a depreciating asset. But do whatever it takes because you bought it not me.

[@SimonSaysyo]

Dave: Vroom, vroom Caller: It’s a Tesla Dave: Oh..... (his face expression) 😂😂😂

[@Lilbit2215]

,😂😂😂😂😂😂😂😂 he wasn't ready

[@Shiroyashasama]

Imagine if he put that 50k into a Tesla stock instead

[@privateprivate8366]

Yeah, on one end it’s like YOLO and, on the other, it’s like, OH depreciation, even if used, and possible dollar deval later, too.

[@mattao18]

My favorite KZbinr discussed how he bought his first Tesla in 2017 for $90,000.... which if invested in Tesla stock would today be about a million dollars, which is crazy to think about. Thankfully he's bought plenty of stock as well and is doing fine but yowza its hard for me to make expensive purchases wondering what that money in the right stock would be instead. lol

[@Shiroyashasama]

@@mattao18 exactly! Your friends coulda had millions

[@privateprivate8366]

Craig R yeah I’m not in those shoes. I’m older with an emergency fund and will not likely recover from the recession so, things may be painfully clearer for me. But, with talk about possible dollar deval coming up, whatever anyone has may not be anything. I hope that’s just a weak theory.

[@Tincanturtle]

Yeah which is why in situations like these, financing the better option

[@tipoomaster]

The depreciation curve on a new Tesla is a lot lower than a regular car fwiw. Since they're still supply limited sometimes you may not even take a hit in the first year.

[@blackholefalling4802]

Yeah and because they use significantly less moving parts, so milage wear is not as much of a factor as on ice cars.

[@bindingcurve]

That was when you could not get new ones. I can custom order on right now for delivery in 3-6 weeks. If I was going to buy one it would be a used 3 RWD long range with 10K miles for 44K. That's bout 30% less than a new long range with FSD. But I don't drive enough to justify one.

[@DavidJao]

@@bindingcurve You are correct. Dave doesn't know anything about Teslas. If you know you want FSD, then you can get a good deal on a used Tesla. But if you aren't getting FSD, a used Tesla isn't a good deal, because all of Tesla's inventory of used cars now come with FSD and are priced accordingly.

[@angelikalaser7778]

You will still lose couple of thousands. Lets say I want a tesla, I can buy one new for 50k or a one year old one for 48k. Personally I would put 2k on the table and buy a new one. 5-10k difference however, yes I see that

[@bighands69]

Replace the batteries and they will have massive depreciation.

[@jer3887]

Dave thinking that there is a used Model 3 for 30K :O

[@abrahamw88]

I’m seeing lots of used model 3s for around $35k

[@DewTime]

@@abrahamw88 $35K is not $30K

[@abrahamw88]

@@DewTime you are correct. But it’s close.

[@Digger-Nick]

@@DewTime Let's see. So 35k is less than 100k, which means it's closer to 50k, but under 50k and almost halfway to 0k, so it's practically free.

[@tommysutton719]

@@abrahamw88 they start new at 37k

[@nickvasquez85]

Used Model 2? 😂 Sorry Dave... You're out of touch when it comes to Tesla.

[@sfgox10]

He prefaced that he was

[@HALdmh]

They should probably learn a little more about Tesla.

[@hamSAH713]

wdym, they depreciate too?

[@owascoshaw]

The principal is still the same. So no they don't

[@1975brett]

⁠@@hamSAH713WTHIWDYM?

[@stefan18375]

The 2012 Tesla’s still sell from 30-40k.

[@Bonanzoo]

You can get them for as low as $23k

[@alexlechef2]

Its a 60-80k car to begin with

[@Stretch1812]

I got a 2016 tesla model s for 49k with 30k miles. Feel like the 2012 ones should be around 20k at this point obviously depending on miles/damage

[@DewTime]

That’s not the same car though, that’s a model s

[@ramsaybolton7464]

This comment didn’t age well

[@patricepavard5279]

Nothing is more wholesome than using a Tesla stock to afford a Tesla.I'm doing the same😊😊

[@markluke335]

spread your money among different asset categories Like BTC and stock , then further allocate those funds within each category.

[@moratafred7209]

BTC to me present the best opportunities, more so considering the price.they are still somehow flying

[@andreaslyon1661]

100% agree with you on BTC

[@robertwilkinson9564]

Someone has done their withrawals.scooped up 3000 with $500 worth of BTC at close Friday

[@alonsoemerson7231]

@@robertwilkinson9564 i ended up getting mine at $10,000.i'm just going to hold till it blast to $20,000.

[@Adz.M]

Model 3’s don’t depreciate much, so for many people buying a new one is a better option than buying used.

[@mocheen4837]

Used ones sell for almost as much as a new one. Better to buy a new one.

[@deej628]

@@mocheen4837 you get fsd though on used so if that’s a huge factor used may be a better option.

[@illlDCllli]

@@deej628 you can also get fsd on a new one.

[@TheHawkeyes]

fsd is currently a 10k option, which is 5k more than it used to be. They're talking about doing a subscription option at some point in the future, but haven't done so yet.

[@JB-kx9bx]

Lol I love how Dave prefaces with loud engines and the guy wants a Tesla.

[@bighands69]

Tesla is a beta male car.

[@JB-kx9bx]

@@bighands69 lol ok troll. Teslas are faster and more reliable than cars of similar cost. Not to mention the reduced cost of charging vs gas. When you're at whole foods picking up kale amd avacados you can charge for free.

[@chelsiestinson9494]

@@bighands69 I think you misspelled Alpha. As they as point and laugh and then force you to get rid of your polluting pos.

[@bighands69]

@@JB-kx9bx Do you drink soy milk as well and cry with your partner after love.

[@bighands69]

@@chelsiestinson9494 No real man would be seen in an electric toy. And the irony is that many of you probably think it will save the environment.

[@cristiansoutside]

“Model 2” 💀

[@adamgronvold8608]

Could become the name for the 25k car they're working on. 🤷‍♂️

[@quick-and-easy]

Actually Tesla's and EV's in general have the HIGHEST depreciation so buying a used one makes better sense.

[@blackholefalling4802]

@@quick-and-easy You are saying Tesla's have the highest depreciation so you should buy it new?

[@blackholefalling4802]

@@quick-and-easyI think you meant lowest depreciation?

[@JD-yx7be]

@@quick-and-easy nope it is internal combustion is the highest depriciation

[@neworleansportraitphotogra9015]

As a tesla owner, Buying a used tesla vs a new has some drawbacks. The older ones have more issues that Tesla had to work out over the years that are not existent or less common in the newer models. And the newer the Tesla the longer the hardware will be able to handle all the new software updates you will get overtime. I personally would not suggest buying a tesla older than 2019 year. Teslas are also an exception to the depreciation rule. They do lose value, but much less in comparison to ICE cars.

[@samg5543]

As as the prices are going up lately, the used ones are also moving up and making your purchase not be worth as little.

[@jamescadzow9545]

Emotional Maturity doesn't correlate with age, it's overcoming obstacles & challenges in life...

[@CaseyBurnsInvesting]

I wouldn’t spend half of my cash on a car. It’s a no from me.

[@dcamnc1]

Agree 100%. I also have about 100k liquid, and there's no way I'd drop 50k on a vehicle.

[@blackholefalling4802]

Agreed

[@findingnory]

He's not just spending half his cash. He specifically saved for the purpose of buying this car. It's fine. He will likely drive it for at least a decade given he's driving a 13 year old car now.

[@cybertrk]

What about 1% financed and use your personal money and throw it on Tesla stock :)

[@joetyler835]

I see you on every finance/investing video. Hustler

[@RichardWalls]

I'm a huge Tesla fan, and shareholder. That said, some people go a bit overboard on the theoretical math of Tesla ownership vs traditional gas vehicles to justify the much higher spend. Would take many, many years to break even on gas savings if you're comparing a Model 3 to a higher trim conventional (non-luxury) sedan. And yes, fewer moving parts on a Tesla for issues to come up. But issues still come up on the parts that they have, and it's typically marketed as if all other vehicles have constant failures all the time, which is typically not the case, especially w/ certain brands.

[@BRBallin1]

I’m on my way to get a Model 3 once the pandemic is over and I’m only buying it for the quick acceleration and smooth quiet ride. If not for a Tesla I’d spend $30k used car instead of their $50k Model 3 AWD. So I’m not even worrying about the gas savings. The gas savings are not relevant in the $40-50k price range because if you’re worrying about saving on gas you’re better off buying a car for $20-35k

[@bighands69]

@@BRBallin1 Only buy a $50,000 Tesla if your savings are in excess of $400,000. If you have $200,000 saved then you should be buying a $20,000 maximum car buy which will get you a nice second hand car to drive.

[@PS2Damon]

his voice sounds like a teenager i was surprised when he said he was 32

[@AngelTechno]

They're some people that don't sound their age, it's nothing new.

[@And1one757]

Thats what i thought

[@DewTime]

Same I thought he was 21 lol

[@PS2Damon]

@@AngelTechno well I haven't met a lot of people that have a voice that sounds half their age. not everybody has the same experience as you. also There*

[@sdmfp333]

Low testosterone

[@isaacbarret3454]

Maybe you should just buy a used F-149 Ford pickup, because that is a used one, right? 😂😂😂

[@ProfessorFickle]

under rated comment. Edit : misspelling

[@edgaruriarte]

@@ProfessorFickle🐀

[@SeanRIbrahim]

Tesla’s don’t lose half as much value as other vehicles when bought new.

[@TrisjensChronicles1203]

For now, but it won’t be like this for long. Once the bottle neck of the supply loosens up by the end of this year and if Elon opens up those other 3 manufacturing plants, they’ll start to depreciate more.

[@Hollowendz]

@@TrisjensChronicles1203 yea but now he is good

[@TrisjensChronicles1203]

@@Hollowendz It’s a marathon, not a sprint.

[@ericchen8871]

Except is more than brand new right yikes

[@brittneymarkey7550]

You're killing me Dave. Somebody let this guy borrow your tesla for a day already.

[@chartuck]

Dave thinks Tesla is too hipster I'd bet. Yet, a Tesla will smoke probably anything he owns on launch

[@findingnory]

@@chartuck you guys are so mad lol!

[@egs2169]

Dave is super ignorant with Tesla. If he drove one he would love it.

[@bighands69]

@@chartuck Tesla will not smoke anything on a track.

[@chartuck]

@@bighands69 anything?

[@SvenRz]

The model 2🤣 I’m dead hahahah

[@DewTime]

They are so clueless. They need to go watch a few videos online about Teslas. He said they lose 60%-70% of its value in the first four years, that’s not even remotely close to Tesla’s depreciation. Come on!!

[@connormueller1944]

He’s giving advice to a massive audience. Not everyone will be buying a Tesla

[@DC45193]

@@connormueller1944 exactly

[@theyoutubeofmyname]

This caller motivates me to start my 2nd gig. I took a 1 week break from it.

[@ProChaos514]

While tesla's are awesome, things to know: Battery needs replaced in 8-10 years You will go thru tires about 25% faster, due to the weight.

[@AlainSTO]

Also build quality isn't quite as great.

[@innocentrage1]

Battery depends mostly on miles but also most people keep their cars less than ten years. Also tires wear out about the same as any other car. Also no oil changes or the major components of ice cars so very little in repairs. I own a Tesla.

[@ProChaos514]

@Beelzebot Well...i mean...everything does have a limited driving range.... just saying lol

[@CaliforniaDreamin.]

I love Dave Ramsey. I could listen to his voice for hours he’s so calming and smart!

[@tockblade]

Don’t forget egotistical and out of touch. Take what is useful and leave the rest.

[@CJ-wc6lf]

The DeLorean was one of the most unsafe vehicles ever made. I've always wanted one though. It crumbles like an aluminum can and the wing doors will trap you in a wreck like especially in a rollover. If your wreck lands on the roof, the wing doors can trap you in. My wife and I made a lot of money in Tesla stock today. Some people make so much money in Tesla, they buy a Tesla with it.

[@bighands69]

You would be better off buying a classic BMW, classic Porsche or classic Ford. Unless you have serious money it would make no sense to buy.

[@CJ-wc6lf]

@@bighands69 I agree! Not rich enough to throw money out like that on a DeLorean for sure. Have you thought about, or owned a Lexus. My wife and I just bought a 7 year old garage kept Lexus RX350. It still is a little knew, but a fraction of the price brand knew. It might have 80% life left in it for a quarter of the price brand new. A Lexus tends to go a lot of miles with little trouble.

[@Zatoichinisanyon]

I thought I heard the Model 3 depreciates about 10% in three years. The other models are like normal cars (about 30-40%). But for fun, instead buy $50,000 in Tesla stock and sell it in 3 years, and see what you can buy then.

[@Henrik357]

Tsla is way overpriced

[@R._L.]

Sounds like a plan. 🙂

[@HughesEnterprises]

Might get a low mileage Geo in three years.

[@Munenejr]

dave ramsey should now have an official segment for tesla callers

[@blakeramsey3373]

Dave Ramsey is officially the least qualified in Tesla knowledge to have a Tesla segment XD

[@eswag153]

Come on Dave, used Tesla’s with 40k miles cost like the same

[@JohnDoe-fs6lz]

Facts

[@ericanderson1753]

“I want to be middle class my whole life.” Sounds pretty good. More than many could hope for.

[@randallanimal]

My 200,000 mile car keeps having minor breakdowns, but it's actually kind of fun repairing the little problems, it's like repairing a lego set - granted I have decently developed mechanic skills. It's nice not having a car payment although the parts costs money....

[@JakeTerch]

Agreed as long as you don’t end up stranded!

[@matthewwilliams9200]

people have the tendency of justifying bad decisions. so I'll be stranded or unsafe or i have 2 kids and need a 10 passenger 100k suv. rule of thumb just be smart and ditch the tendency of emotional decisions.

[@blackholefalling4802]

Is it a Toyota, Honda, or Mazda?

[@randallanimal]

@@blackholefalling4802 Nissan

[@blackholefalling4802]

@@randallanimal Ah what year?

[@bitcoinpysa-cryptominer456]

*50% of your income or less for cars. But youd rather not. Cars come and go every year. Think about it*

[@PassportGaming]

The model 3 has been around for 3 years and doesn’t plan to go away

[@rickybobby9840]

With a million mile battery...I’m not too sure Tesla’s are going anywhere

[@misaelortega653]

The cheapest used model 3 I found was a 2018 for about 36k more or less. Might as well pay 1,990 more for newer and more efficient one.

[@christiequinn4242]

I have Tesla solar on the house but no Tesla yet still saving for one

[@02nf2i]

How do you like the Tesla solar roof? I’m interested, but it has horrific customer ratings.

[@tockblade]

I really doubt Tesla solar roof is in PR. It is barley in Ca

[@jonp9265]

I paid $64k for my tesla in sept 2018 cash. If I bought the stock instead of the car it’d be $1m instead I have an amazing car that’s worth prob $42k. It’s a great car tho!

[@chelsiestinson9494]

The depreciation on a Tesla is much less than normal cars.

[@dogguy8603]

Also he is paying in cash, no debt, and he will probably keep the car for his lifetime or till it dies, let the man buy a custom tesla!

[@chrisreynolds6391]

There seems to be a scarcity that helps Tesla's hold their value but even if they don't depreciate the out of warranty maintenance should be similar to other high end cars. Batteries, tires, switchgear, windows, electronics, cooling systems, suspension. All that stuff wears out just like a normal car. And insurance on a Tesla is through the roof! Tesla won't even loan you a Tesla when your Tesla needs repair. They give you a like a Hertz voucher.

[@philipmeisterl]

@@chrisreynolds6391 thats true the problem is buying a used car is normally good but buying a tesla used is basically useless its the same as new

[@mokshavortice]

You should never look at a car like an investment they are all net money drains.

[@bindingcurve]

Al lot of that has to do with the fact that Tesla includes the full auto driving upgrade on the used models, inflating the pricing

[@SeanBaker]

Keep driving that 2007 Camry.

[@lilflexlewis5802]

FACTS

[@leadnsteel1428]

Yeah buying a new car is great at first but then the novelty wears off after a few years

[@MiguelRPD]

Yeah, just replace the head unit with an android auto/apple carplay and now it'll feel like a new car.

[@cellgame100]

I have two minivans and one full sized van and payed %100 cash for all and all together they cost us $11,000. We just put a new transmission in one but other than that they have not cost us much to have. All three with all repairs we are still under $20,000 and we plan to just keep fixing them till the wheels fall off or we happen across another great deal. My wife is following their Dave FPU and she is very money smart, could get blood form a stone, and have always been a spender but now she has taught me how to manage better and I have learned a lot form dave.

[@alexgreene8931]

I calculated my running expenses for my plug in hybrid-with PGE electric prices vs current gas prices it usually costs MORE to run pure electric mode. Teslas are slightly more efficient but it is gonna cost ya regardless!

[@anthonyreynolds2365]

That's highly dependent on your area and living situation. We pay .18/kw and with charging tracked via TeslaFi, it only costs $60/month to charge my car. I have a 50mile round trip commute and it costed half in gas vs my Fusion Sport. ou also have a hybrid which gets 40MPG almost regardless how you drive it so that's a best case scenario for a gas engine to factor in as well and most don't drive PHEVs so most consumers aren't comparing to 40MPG. More like half at 20-25MPG. YMMV.

[@DetroitFury]

I agree with everything EXCEPT loss in value...my 2020 Tesla has gone down $3000 in value....and thats me driving it everywhere. I disagree from a drop in value standpoint....these aren't like average cars that depreciate.

[@BenSullinsOfficial]

Used is def the way to go!

[@innocentrage1]

Not with Tesla, you don't save that much on used compared to new because they hold their value very well

[@bryan96467]

@@innocentrage1 yep, looking to buy one. There's no point of getting a used. They're around the same price new. It's insane

[@HoomerbirdG2]

@@innocentrage1 because nobody wants them and you cant go far. I wouldn’t be home right now If I had an EV for today!

[@innocentrage1]

@@HoomerbirdG2 Your daily commute is more than 350 miles? Because that's how far you can go on one charge. You may want a new job.

[@fransayswhat9813]

Not sure if the firmware features transfer over to the second user? Might want to look that up

[@Je.rone_]

Dave has really trained his audience to beg for mercy😂😂😂🤣🤣

[@jeffhurtado7805]

Dang you’re commenting here too? Since subscribing I’m seeing you on every financial channel’s comments section

[@jordanaubrey-realestateinv334]

He doesn't need anyone advice lol he's doing good for his self.

[@nicholascherry5962]

Haven't checked you out in about a year Dave. Nothing has changed and that's perfect. I'm protecting my income, no new cars for me, no living excessively. I'm hitting financial independence around 40. Might work on and off for a year after that. I had a VERY nice car. Sold it for gain, bought an old Prius, cash. Slow car, slow down your mind, make the right decisions, it's kinda nice being responsible. Still a big fan over here :)

[@oroville12345]

Good Job and if you want to stay retired Don't get married....

[@blackholefalling4802]

Wow super glad for you. Just have to ask what was your old very nice car?

[@nicholascherry5962]

@@blackholefalling4802 It was an 04' 40th anniversary white Mustang GT, manual. Bucket seats, all leather interior. Mint condition. Drove it for 15k miles and made like $1500 off the sale lol. I probably spent all my profits on tires for it. Now all I want is an old Tacoma

[@blackholefalling4802]

@@nicholascherry5962 ah that does sound really nice, the buyer probably uses it as a cars and coffee car now

[@Cyphlix]

For 32, this guy is ballin

[@rockwithyou2006]

really? At 32 he should have saved up more than 100K. And for an Indian dude, a lot more.

[@sam9657]

Dave should really learn about Teslas, as he keep getting calls about Tesla Used Teslas Model 3s are not much cheaper than new, better to buy new

[@craigb3154]

For now they are holding their value. That is for sure. However as more and more options become available to people they won't be holding their value like they have been.

[@bindingcurve]

Tesla slips in Full Self Driving on the used ones to keep the prices up. Fit out a new one with that $10,000 option and then bet back to me on the depreciation.

[@riverdaletales8457]

I would still buy a used any bit of money that you save is welcomed.

[@mikenelson8377]

@@bindingcurve then don’t add on that $10k feature. It’s really not that important. Get the standard plus and be done with it.

[@bindingcurve]

@@mikenelson8377 again Tesla adds it to all the used cars they sell. It costs them nothing to turn it on and they can charge more. You can buy from an owner, but they are not common because Tesla buys them for more than people are willing to spend without autopilot.

[@timpanik]

Interesting point- at least right now, Teslas do not depreciate that greatly.

[@bitcoinpysa-cryptominer456]

*Every caller asking for Dave's mercy before they even let him hear the problem. At least they arent in denial anymore* 😂🔥

[@LifeofKairo]

*Graham Stephan has entered the chat* 😁

[@Jester556]

my parents got a model Y a year ago, and it’s one of the quickest cars i’ve driven. the acceleration is crazy.

[@teresaalbin-davis4529]

I have one too. Just upgraded the speed because it's seriously the most fun car ever...and practical.

[@MarioHernandez-ci4cc]

I'm just grateful to have reliable wheels & a job!

[@clang001]

Thank you Dave for reminding me that I do not want to be middle class my whole life. Got 2 car loans and some student loans left to pay off and I’ll be happy when they are done!!

[@Sportsguru_803]

Girl: Hey Dave, my husband just cheated on me, what should I do? Dave: What's your household income? Girl: Hangs up phone.

[@NotShowingOff]

That’s not a bad way to start the conversation.

[@labornurse]

Need to know if u 2 can afford a divorce or not.

[@BlessedYoungSoul29]

Armani Byrd 😭🤣😂🤣😂

[@marybetheby5184]

Hahaha!🤣

[@zinoklahoma343]

😅

[@ryant2568]

My suggestion is rather than new buy one just off its lease that is half the price, then take that extra $25K and re-invest it. You avoid all the depreciation in those first few years and that invested money will be worth more than the car is after a few years.

[@stanfjc1]

Anybody asks me: “I found a super nice car. It has all these cool features. Should I buy..” Me: No.

[@dav__made]

Same. Set a rule that you never get a new car that has not depreciated. Never lease. And make sure you know it’s history of recalls and any problems it has had in the past. 3-5 years old civic is a great option.

[@jhumph211]

Yet they always ignore your advice and go buy it anyway :/

[@anitaknight3915]

@@jhumph211 yep and then complain with regret and tell you were right lesson learned.

[@edwardrhoads7283]

Did a quick search. Used 2018 Model 3 tesla with 40k miles is 37k before taxes and fees so probably looks at about 42k. Only saving 8k.

[@melainewhite6409]

And of course with an EV from mile one the very expensive batteries wear down giving you less and less range and a huge maintenance bill to replace. Not so with an ICV.

[@taylorhibbert6677]

Give the guy a break, he wants a Tesla, doesn’t spend gas or maintenance except tires and brakes. I’d probably go with a used one but even a used 1 year old Tesla is just as much as a new one still

[@bighands69]

A break. It will eat up most of his savings. What if he loses his job or the property market goes in a dive. Exactly what would he do then. I can guarantee you his stress would go throught he roof and he would probably want to unload the car. If he had $500,000 in the bank the Tesla would then make sense and be an easy choice for him but not with $100,000. Unless he means he has the $100,000 for the car and then a lot more saved for his life.

[@blackworldtraveler3711]

It gets maintenance. Thank goodness it has a warranty.

[@mocheen4837]

He can afford it. There are many people in the world not as well off driving more expensive vehicles. I went to BMW to pick up some oil filters and the car wash attendant there drives a $75,000 M3. I was speaking to him and admiring his vehicle. He said he leases it, but likes the attention that he receives from it when he pulls up to the clubs.

[@anitaknight3915]

@@mocheen4837 the people I know who have a BMW have had massive $ repairs. It seems like a money pit.

[@gridiron7549]

This is the third video I've seen from dave about tesla, I agree on his principals but I'm begging you do some research on the car.

[@petersachs764]

Once again Dave says he know nothing about the product and then starts talking about which one and what model year you should purchase.

[@yomocute9403]

Lately every call has hundreds save up, I feel left out.

[@TheHoriginal]

Hmmm. How do we know they telling the truth 😂

[@gregorypiano00]

I’m surprised Dave didn’t say anything about the mortgage on the rental property.

[@devonbennion68]

30k used will get you a branded model 3. Need at least 35k for clean title if it’s the right trim/color/etc

[@DisabilityExams]

Stick with the Camry - your future self will thank you.

[@marcosacosta7809]

Why do u say that when others say it’s good because it saves money cuz it’s electric

[@markarbuckle8393]

@@marcosacosta7809 because if he invests the money he could one day afford the model S or the roadster

[@jeffhruska8626]

if you buy the self driving option it will appreciate because later it can uber for you and make money

[@notvaporlocked5479]

Dave obviously does not know the value of a used Tesla and how slow they depreciate compared to traditional cars.

[@Chris012345671]

Not every car goes down in value. A Pontiac G8 GXP with a manual and 80k miles cost the same now as it did new, same for a CTS-V wagon.

[@ThePatriots010304]

People need to start looking at vehicles like they’re appliances. Use it for as long as you can and know that if and when you sell it you’re not gonna get nearly what you paid for it.

[@mocheen4837]

My old Integra Type R is selling for $50,000 now and I paid $24,000 for it brand new back in 2000.

[@labornurse]

@@mocheen4837 i would consider selling it now then. There is a 90s car nostalgia going on right now. I would be afraid of it changing with the new trend. Thats a great return on investment!

[@fakeappellation7343]

Thing is the car I have right now is not comfortable. Sure, I only use it to get to work and back from work. My first ''real'' car was a 2002 honda accord. I bought it for $4000 CAD in 2013. The dealer told me it would need a new oil pan. But every other month I had to go to the mechanic because something needed to be fixed. I ended spending $5000 in repairs in less than 10 months. Over the time I got the car, it cost me $500 per month. Then I bought a used 2013 impreza in 2015, had it ever since. The car is good but is not comfortable at all for long rides. It also doesn't have enough ground clearance for the canadian winters. 1 month after I bought the car, I got a hole in my front bumper because there was ice on the side of the road as I was giving enough space for a snow plow to pass. I mean knowing I work everyday and I can't even afford a new car sucks. I can't even afford used cars. Heck, a 2018 f150 lariat has an asking price of $38,500 CAD. 2015 4runners sell for $30,000-35,000 CAD. 2017+ colorados z71 sell for $32,000-35,000 CAD. That is just outrageous. Thing is, I already talked about money at work, and a female coworker got mad at me because I said I don't have the means to buy a house. She came to me and said ''I pay my house by myself, I had a daughter to raise, I sent her to a private school, I go on a cruise every year and I have a new car every 5 years. You need to learn how to budget. Want me to show you how to budget?''. Most people are living over their means and don't/can't understand people that are trying to live debt free. This having been said I would be lying if I told you there is not a week that goes by without me taking a look at cars available near me. But reason keeps me from wasting my money.

[@123toles]

I am in the same boat as him. I want a Tesla. On BS 4/5/6. Will pay cash and the value is about 40% of my income.

[@MichaelBrown-ny3et]

If this guy was with the program he’d already know the answer.

[@isaacbarret3454]

That is the same for every caller ever! 🙄🙄🙄

[@marsbougie]

What about Jeep Wrangler? I heard it's keeps its value. I plan to keep it for 15+ years.

[@JoshGarris]

Yeahhhhh, more research on Tesla should be done. Tesla’s hold their value more than any other car. Buying new is NOT a bad option.

[@billhill7330]

Aren't they heavily subsidized though?

[@secretsquirrel6718]

@@billhill7330 well. The company doesnt really turn much of a profit.....

[@MrZgui415]

While the price per share is HIGH its like buying a piece of the future ...

[@ztirffritz252]

Dave, you need to test drive a Tesla.

[@R._L.]

Would love to see Dave's first impressions on driving a Tesla. 🙂

[@j.l.salayao8055]

Nope, once you drive a truck like ford raptor, you won't look for cars only trucks...and some might, but for truck owners most will agree. I have been driving diesel truck and gas truck and not interested on regular cars unless its a rental while truck is in service bay🙂.

[@pinkcharms]

I would say Tesla is an exception to the depreciation rule. They hold their value REALLY well. You can drive it for a couple of years and sell it for only 10% loss as opposed to 50% like other car makers. It also has less maintenance and less parts that breaks and need replacement. It has higher insurance premium but savings on gas pays for the insurance and it’s the safest car in the world. With the wait times, buying used is sometimes as much or more expensive than buying new. You just gotta wait a few months to get it new and it’s TOTALLY worth it.

[@carolea7158]

A lot of people ask this question on this show

[@mocheen4837]

Dave should drive a a Tesla so he can at least know what people are talking about.

[@ThanhTLam1]

when dave says he likes cars with loud engine and mufflers, the caller just wanted to say "hey dave nevermind...."

[@ClaxtonBay123]

Buy a 2 year old Model 3? 😂 Dave and company don't know anything about Teslas.

[@alp.9672]

Exactly

[@JMichael2x2]

I don’t necessarily agree regarding brand new cars. I believe you get high value being the only driver of the car out of the factory. Many cars people buy that are one or two years old are probably formerly leased - these vehicles get treated like trash - they are maintenance time bombs down the road.

[@iFayt9034]

Used model 3s are just as much as new hahaha

[@scott4825]

Should the 'buy used' apply to a Tesla EV given the high repair cost risks and the relatively high used price? On most any other vehicle used makes sense, but I'd rather not have the headaches on this one.

[@olivier9835]

The depreciation on a Tesla is a lot less than normal cars. Used model 3s cost basically the same as a new one.

[@stevensullivan603]

I bought a new Model 3 and after the tax rebates, I can sell it today with 15k miles and break even. Cheapest car I’ve ever owned. He’s not going to move the needle much by going used.

[@jamesblanton9785]

Dave doesn't realize the Model 2 Tesla is the compact $25,000 Tesla that has yet to be built,lol!

[@trajanogden9388]

So he doesn't know about EV's. He knows money, how much of that do you have? Keep laughing though...

[@mikemcallen2212]

Dave must have a good team of lawyers for giving people advice on money. Most podcasters will just give advice freely because they can even though they aren't in Dave's financial situation

[@mhill2468]

He makes $1500 a month after mortgage and taxes from a rental house? What 😮. Am I missing something or is that unusual to anyone else?

[@nothing1989]

It’s possible if he put a lot down. In that case his monthly payment will be substantially lower than and hence higher profit.

[@Liveeachdaytothefullest]

Always remember people not compare yourself to someone else. There are always people above you and below you. Someone else does not matter in your life and goals.

[@MrMustangrick]

There is no "model 2" LOL

[@BlueChrome74]

Dave just knew what's coming

[@Scorpiomaj27889]

If you can get a great deal used and you understand they have had some QC issues - it could be a great vehicle for you as far as gas savings goes. I'm waiting for a Lexus plug in Hybrid with AWD. You also need to plan ahead for when you expect the battery to die. (The depreciation isn't bad, but depending on the model a Toyota/Lexus is better.)

[@mr.boostang2064]

Smh, 50k for a Tesla? he clearly doesnt know the best car ever is a 94 Celica

[@anthonyreynolds2365]

Scotty I didn't know you had a burner account lol.

[@mr.boostang2064]

@@anthonyreynolds2365lol its actually a Ford Exploder 💥 account

[@edwardrhoads7283]

Yeah I know those 2094 celicas are beasts compared to cars today. In 2094 they will be junk compared to anything else in 2094 but if you can get one of those now, do it!

[@electricandlspower]

KZbin needs to fact check on this....fsd dosen't transfer to new buyers. M3 is the only car holding their value a 2 year old 3 is only maybe 5k less then new.. not worth buying used. At this point

[@SunalMittal]

Tesla depreciation curve is totally different than a regular car. Plus if you get Full self driving, that things is rather going up in value!!

[@coltonperrin7746]

Finance your Tesla and use your 100k as the down payment on a 4-plex that will cash flow more than your tesla payment. Now you have the car you want, an appreciating asset, AND when your Tesla is paid off, you will have cash coming in monthly

[@danieljohnson4418]

I want to be middle-class my whole life.

[@rockwithyou2006]

lol. so true.

[@lynnbrannan4578]

I am a Volvo girl. They are no longer "Boxy but good". LOL. They actually look good inside. But mainly I love the quality of my vehicle.

[@jordanaubrey-realestateinv334]

Feel free to yell at me 😄

[@genglandoh]

We are lucky our parents (both my wife and I ) taught us some simple money skills. 2 years ago we had 2 good used cars. We expected they would last for 3-5 more years. Then last year my wife's car died and we paid cash for a used replacement. Then this year my car got totaled and we had to pay cash for another used replacement. So our emergency fund is a bit low but we have no payments. So people please follow Dave's advice (the baby steps) you will be happy with the unexpected happens.