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As we get closer to delivery, what is your situation on your current car?

Discussion in 'Reserving, Ordering, Production, Delivery' started by SoFlaModel3, Oct 12, 2017.

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Where do you stand going into Model 3?

  1. I’m ready when Tesla is (extra car)

    48 vote(s)
    20.2%
  2. My loan is upside down (roll that negative equity over)

    4 vote(s)
    1.7%
  3. My loan is upside down but it’s close (a few more months should get me there)

    7 vote(s)
    2.9%
  4. My loan has positive equity (bring on Model 3!)

    15 vote(s)
    6.3%
  5. My lease is up soon and I’m freaking out

    16 vote(s)
    6.7%
  6. My lease isn’t up for a while and I need to figure things out

    12 vote(s)
    5.0%
  7. All cash all the time

    38 vote(s)
    16.0%
  8. My car is paid off (or will be) and it’s my down payment

    91 vote(s)
    38.2%
  9. This is my first car!

    6 vote(s)
    2.5%
  10. Not my first car, but first car in a while (recently dependent on mass transit)

    1 vote(s)
    0.4%
More threads by SoFlaModel3
  1. SoFlaModel3

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    While for some this will be a second (if not more) car, but I suspect the vast majority, like me, will get rid of their current daily driver and replace it with Model 3.

    For me the good news is that I finally have some positive equity (about $1,200) and that will only stand to get better with the car still a few months away.

    So where do you stand?
     
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    • Chihuahua

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      I drive a 10 year old Prius. Over the course of owning it, I have only changed the tires and oil. No major repairs. My biggest concern is that something major breaks in the next 3-6 months waiting for my model 3 replacement. It can't come soon enough! These production bottlenecks are tempting fate!
       
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      • Tesla007

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        poster you forgot to add already own a tesla and not worried about the money.
        Or simply add 'other' to it.
         
      • SoFlaModel3

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        I think that’s the first choice and/or the last choice :)
         
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        • KarenRei

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          I thoigh this question was going to be about the state of repair, to which I would have replied "awful". Found out a couple days ago that the roof leaks which were supposedly fixed a couple weeks ago are back, and today on the way to work I couldn't get it into any gear but 4th. Which, for city driving, in a hybrid whose battery pack is dead... (hope I didn't burn out the clutch getting it to a garage...)
           
        • Chewy

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          My favorite Internet Millionaire! @Tesla007

          Personally, my current car will most likely be given to my dad once I get my M3.
           
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          • SoFlaModel3

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            Ouch!
             
          • MelindaV

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            I think you forgot the likely “car is paid off” option and will sell/trade in. Not everyone is always in debt or pay up front in cash. There is somewhere in betweeen ;)
             
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            • mtdoak

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              Yup. I bought my car 3 years ago with the plan for it to be paid off around the release of the Model 3. Paid it off a few months ago...now we wait.
               
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              • DinosM

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                BMW i3 lease end on 10/31/2017, called BMW FInancial and they extended it for 2 months now due 12/31/2017, they will not extend it anymore without a BMW production number.
                My reservation shows 01/01/2018-03/31/2017, so potentially 3 months without a car, not sure what I am going to do, maybe share one car with the wife. Hoping the figure out the production bottleneck and we get it earlier.
                 
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                • MelindaV

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                  Straight from EM, plan for the worst...
                   
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                  • TrevP

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                    Yep, "late 2018" is confirmed for all of Canada. Sigh, oh well more money in the bank!
                     
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                    • BigBri

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                      Had a 2012 Sonata that I bought for cash. Transmission was intermittently acting up so I traded it while the car was operational for a 2017 Leaf lease. Didn't want to dump a bunch of money into the car or even get into trying to diagnose intermittent issue. We need a second car anyway so this will get us by til then. Pretty sweet if you ask me. Spent $67 on 5000km of driving so far (500KW of electricity and some free public charging) . $80 a month lease.
                       
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                      • garsh

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                        I've talked the wife into trading in the minivan. She's going to drive the Leaf. :cool:

                        She'll get the Model 3 several years later when I've decided to buy a CPO S P90D :D
                         
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                        • MelindaV

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                          why does she always get the hand-me-downs? maybe you should keep the Model 3 and buy her the P90D
                           
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                          • Akilae

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                            Indeed. Happy wife, happy life! :)
                             
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                            • FunkyJunk

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                              I'm in a unique situation, I suspect. I'm trading in my old car, and I've already given it to Tesla. The value of the car will be subtracted from the cost of my Model 3 when I take delivery. (I'm one of the employee purchasers and I'm hoping that delivery is imminent.) The reason I already traded it in to Tesla is that I completed the trade-in valuation assessment some weeks ago and their offer is only good for 30 days. I didn't want to have to go through the process again, so I handed over the keys early. (I have another vehicle to drive.)
                               
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                              • garsh

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                                This will actually be the first time that she gets the hand-me-down. She's gotten the new car first _every_ _time_ until the Leaf. And we bought her Honda minivan new, because she wanted a Honda.
                                 
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                                • Mjp462

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                                  My 500e lease is up at the end of this month. When I leased the Fiat in 2014 I figured my Model 3 would be waiting for me when the lease was over. I was wrong by a few months. :(
                                  It is going to be rough but my wife and I will be sharing 1 car until the Model 3 arrives. I can't see a better solution.
                                   
                                • mig

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                                  Wow, we're in exactly the same boat with the same car and same lease end date. I'm considering leasing a leaf for another 2-3 years, save a bunch of money and see what's available then. Or, perhaps buy a used Leaf for <$10K, and either sell it when the Model 3 is actually available or use it as a battery backup for the house! :tongueout:
                                   
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