As all of you may know, we needed to decide if we were going to buy a new Model 3. We did the math in a previous post. We decided against it, for now, and we’ll keep the order open.
- Our emergency savings would take a $4,500 hit to pay the down payment from our checking account. With high medical bills and cost of a rental ongoing, depleting our savings until we get reimbursed is not smart.
- Emotionally, I didn’t feel joy buying the vehicle. Not wanting to have regret later, it is better to postpone a highly emotional decision.
- Having a car on Turo would complicate our life. Simplicity is needed between heavy work and many things at home. Many other things we want to do first, like start a business.
- We would lose access to our rental reimbursement by making a purchase.
- After fixing Oreo, we’ll evaluate at a Tesla Service Center if the repairs are good and at used car dealers for a sale. This will give us a more informed course on what makes sense.
- Very emotional, after supporting Elon and Tesla for many years, it’s a tragedy to see Elon supporting racists and fascists. If capitalism is the power of people to choose who they want to do business with, we choose not to do business with Tesla and Elon.
- New car prices will fall as more models come into the market. The Ioniq 6 will have a base price of $42k.
- Used car prices will continue to fall as more supply comes into the market.
- Interest rates are high.
- We do forgo the tax credit. Things may change in April.
Sincerely yours,
smilingdad
smilingdad 