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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    • Idle Asf
      Idle Asf

      Saw him on jubilee, had to see what his YT channel looked like

      about 5 minutes ago
    • DSNCB919

      How do you write this off as business expense can I write my car off as business expense since I drive a hr 1 way to work ? 😂

      about 47 minutes ago
    • dallje dra
      dallje dra

      In Norway, Tesla is sooo mainstream. You see it everywhere, at least 5 tesla’s in every town..

      about 7 hours ago
    • nirthpanter
      nirthpanter In reply to dallje dra

      Gilgamesh Of Sumer me too!

      about 2 hours ago
    • Gilgamesh Of Sumer
      Gilgamesh Of Sumer In reply to dallje dra

      I'm Norwegian

      about 2 hours ago
    • nirthpanter
      nirthpanter In reply to dallje dra

      dallje dra they must've done something like Graham did then hahaha

      about 3 hours ago
    • Joshua L. Dearden
      Joshua L. Dearden

      After all the math yes hypothetically yes $78 but your still paying that $640 a month for 12 months in first year SO PLS STOP LYING

      about 8 hours ago
    • McKay Reed Moore
      McKay Reed Moore

      I love the reaction of his dad

      about 9 hours ago
    • Edward Landes
      Edward Landes

      This guy is kind of an idiot; why buy a car online before you have driven it. His math is also a little screwed up....

      about 9 hours ago
    • Edward Landes
      Edward Landes In reply to Edward Landes

      And his payment is still his payment each month, not the 78 bucks a month. No savings accounts are paying anywhere close to 4% either...

      about 9 hours ago
    • charlie burger
      charlie burger

      can i just say the background music makes me want to kms , feels like im at a study with me chanel

      about 10 hours ago
    • Damian Torres
      Damian Torres

      Had to smash the like button once I saw the license plate.

      about 13 hours ago
    • James O'Donnell
      James O'Donnell

      Can anyone explain why a 3.75 percent loan is better than paying the car off?

      about 14 hours ago
    • Joshua L. Dearden
      Joshua L. Dearden In reply to James O'Donnell

      James O'Donnell builds credit paying off in one swoop does nothing for your credit

      about 8 hours ago
    • Crypto Pro
      Crypto Pro

      Your math is way off

      about 15 hours ago
    • Kevin Smith
      Kevin Smith

      What kind of watch is that

      about 15 hours ago
    • Khid


      about 15 hours ago
    • Michael Prince
      Michael Prince

      Great vid Graham. Your dad's reaction was the best.

      about 16 hours ago
    • Nicole Sonk
      Nicole Sonk

      do more videos with ur dad hes cute

      about 20 hours ago
    • kuhataparunks

      This is a literal tesla advertisement... nothing else.

      about 21 hour ago
    • Darth Nox
      Darth Nox

      Summoning your car? Like clicking left joystick twice?

      about 22 hours ago
    • matt smith
      matt smith

      This guy is everything that is wrong with our society.

      about 1 day ago
    • Rhys Curnow
      Rhys Curnow

      “How to fiddle figures so that it seems cheaper than it is”

      about 1 day ago
    • King Trawal
      King Trawal

      Shout out to Doug Demuro!

      about 1 day ago
    • Kentmere Studios TM
      Kentmere Studios TM

      Man if only my credit was good, I'd cop this in a heartbeat if that finance option were still available and at the same rate

      about 1 day ago
    • jakob

      You play Minecraft themes AND Chopin in the background? You god.

      about 1 day ago
    • Jack Daniels
      Jack Daniels

      I also enjoy Steve Martini novels.

      about 1 day ago
    • Phill Schneider
      Phill Schneider

      Those wheels are the worst.... the 1500 would have been worth it.

      about 1 day ago
    • Graham Stephan
      Graham Stephan In reply to Phill Schneider

      I got new wheels already

      about 1 day ago
    • Tori Adams
      Tori Adams

      I’m sorry but I didn’t understand a thing but I watched the whole vid hoping I will..... I still don’t.

      about 1 day ago
    • Rachel Herron
      Rachel Herron

      your dad's reaction is most wholesome thing i've ever seen

      about 1 day ago
    • Graham Stephan
      Graham Stephan In reply to Rachel Herron

      Ah thanks!!

      about 1 day ago
    • Zammy

      Problem with millenial thinking right here. Online shopping for everything...Such a bad habit. New or preowned (Hell no! You dont know what the car drives like, pictures might not show everything for blemishes/cosmetic damage or hints of accidents.) And then he mentioned buying a house...Same logic as with cars, you need to know what you're looking at. Online has pros yes, but it naturally comes with cons that people don't think about.

      Go to dealerships, not every one negotiates. There are good sales guys that don't pressure and are happy to teach you the ins and outs of the car that you might not figure out on your own just buying something online.

      about 1 day ago
    • Baba Yaga
      Baba Yaga

      if you want to die of boredom and get tesla to give you something for free for making this video keep watching, i mean who makes a video explaining in detail how they bought a "tesla", .....shut up already dammit!

      about 1 day ago
    • harry boothole
      harry boothole

      typical click bait from an "auto journalist" that probably has no idea how to do an oil change or own a single tool.

      about 1 day ago
    • Eydie D
      Eydie D

      Doesn’t “tax credit” or “tax rebate” mean the citizens of CA or the US are sending him a check with their tax dollars? Also, explain why the state I live in is being FLOODED with Californians.

      about 1 day ago
    • Brock flemming
      Brock flemming

      How tall is he?

      about 2 days ago