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Useful tool for figuring out your monthly Model 3 payment!

Discussion in 'Reserving, Ordering, Production, Delivery' started by khan, Sep 1, 2017.

More threads by khan
  1. khan

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    I put together a useful tool to help fellow Model 3 reservers to figure out their monthly Model 3 payments based on the information that Tesla has put out about options and costs, combined with available incentives (even includes modeling for the Federal EV credit phase out) and sales tax. It also has support for flexible loan terms and even for trade-in value. Currently only has US pricing because that is all that Tesla has released so far.

    Lots of feedback from other Model 3 reservers that have made it a useful tool. Please take a look to see if its useful for you.

    explore here :
    model3guru.com

    Model3guru estimater.png
     
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    • SoFlaModel3

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      I'm sure many will appreciate having this resource. I would just clarify for anyone that may get confused that it's not providing your monthly payment but rather your monthly payment next of tax credits which are not directly baked into your financing and must be considered separately.
       
    • MelindaV

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      #3 MelindaV, Sep 3, 2017
      Last edited: Sep 3, 2017
      The calculator is not lumping the tax credit in on the financing numbers, just showing that as a separate line. Directly under the monthly amount in the example above, it shows the vehicle price and financed price (after deposits, down payment & trade in are deducted and doc fee added).
       
    • SoFlaModel3

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      Well then... completely ingnore what I just said.

      I saw the low monthly payment and made a bad assumption which completely missed the down payment, trade in, and 6-year financing. :(
       
    • khan

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      Thanks for helping to clarify that @MelindaV !
       
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      • Tesla007

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        What payment? I'm using cash. If you're doing a payment plan-get a base model. You're going to pay so much more for the car in 60 or 72 months at 4.8%.
         
      • SoFlaModel3

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        I don't want to spoil the intent of this thread, but that's way off all around. First it looks like Tesla is at 2.74% for Model 3. You may even find better than that and bring your own financing.

        With $50k+ cash, I will make substantially more money than the 2.74% (or better) interest will cost me.

        So why bury cash in the car?
         
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        • JWardell

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          Thanks for posting this tool, it is certainly simpler to use than the spreadsheets and alternatives out there.

          I find it a bit confusing though, I think the calculated payments are correct, but it seems to present credits as part of the transaction.
          I would suggest posting a total at-purchase that is clearly factored in to the payments, and separately showing items and total of savings after purchase (Federal and state rebates, potentially add gas savings and maintenance as well)
          And I agree default financing should be more like 3.5% for current rates, who knows where that will go in 6 months.
           

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