How I bought a Tesla for $78 Per Month
How I bought a Tesla for $78 Per Month... Sorta
Here's why..
Hi guys, welcome to FrankLegend.com where I review and find great content that has gone viral. Let’s start with this video about the Tesla Model 3 car and how youtuber Graham Stephan claims to only have paid $78 a month for it. I will be reviewing this video and getting straight to the point in case you can’t spare 12 minutes watching it. Let’s begin.
You have to be in California
So this video is mostly relevant to people that live in California. Yes, it was pretty disappointing to come to the realization that although the video is pretty informational and easy to watch, the title itself is click bait. In order to benefit from this video you must live in California and be eligible for these special tax rebates that Graham lays out in his video. I included some screenshots of this to show you the exact math on how he came to the $78 number.
According to Graham Stephan
The car Graham purchased is a Model 3 Standard plus Rear-Wheel Drive in solid black paint with 18 inch aero wheels and an all black partial Premium interior. Oh yeah and it’s got autopilot included for an extra $3,000.
Total Purchase: $40,000
The yearly total cost for the Tesla Model 3 in black is $12,117.01
After the California tax rebates you reduce the price to $5,867.01.Â
Then if you are business savvy and have a good sense of tax laws/tax write offs, you can take off another $4,925 in savings. Ugh.
So it's not really $78...
This brings us to subtracting $5,867.01 Net Cost – $4,925 Tax Savings.
The result is $942.01 and if you divide that by 12 it equals $78.50. This is what Graham meant by he paid $78 a month for his Tesla. His title was partially true but misleading.
I have not researched if these tax rebates would be applicable in other states but the impression I got from the video is that it is only in California. I encourage my readers to please comment down below if you know more about these savings and any information that could help people outside of California.Â
Overall
Graham Stephan is a great content creator and gives some remarkable insight into finances and other innovative ways to create wealth. This video is no exception. He shows his viewers exactly how he bought his Tesla Model 3 on the website, the specific details of his order and how much he paid for it. His delivery is concise and easy to understand. I would encourage you all to really take time to study the video above and learn about this review of Tesla’s Model 3.
Many of Graham’s content is very useful and this video helps make Tesla’s Model 3 look more affordable than it actually could be in your situation. Personally I would still recommend this video to other people because I got some insight into how to buy a Tesla. The process is pretty easy and customizable. The video has received over 7 Million views on Youtube, with over 21,000 comments and 150,000 likes to 49,000 dislikes. It is clear to see why 49,000 people would dislike this video and a ratio like that on his most popular YouTube video is an alarming concern. Â
I hope you all gained some good information from this article and I saved you 12 minutes of your time today! Enjoy.
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