How I bought a Tesla for $78 Per Month

Graham Stephan
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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
My ENTIRE Camera and Recording Equipment:

Published on


Apr 3, 2019

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Comments 17 793
Helen Hall
Helen Hall 6 minutes ago
Nice music, Erik Satie in case anyone is wondering.
Helen Hall
Helen Hall 43 seconds ago
Oops, I acted too soon, didn’t realize you’ll follow up with Chopin if I’m correct.
Nebzz 43 minutes ago
Speaking of bait and switch, you claim you bought a Tesla for $78 a month....
Dubstar23 Hour ago
OK, now simplify it for us stupid people.
Kevin Sterling
Kevin Sterling 2 hours ago
Great video. I have a question for you. I understand how and why you use debt to leverage your money. In this case, is it worth it to pay off debt early? Or should you just pay the minimal amount every month and invest the difference? What about potential savings from paying debt early (i.e. lower total interest). I would really enjoy your input on this. Keep up the great work 👍🏼
Joshua Samuels
Joshua Samuels 2 hours ago
Your dad is awesome. Genuine excitement. Makes me miss my dad.
Lirian 2 hours ago
My perents dont use credit cards ti buy stuff inline cuz they're scared of HACKERS. I keep explaining to them that steam is steam is a trusted website.
iKuma 2 hours ago
Nice living in amercia :) Btw he most likely made already 10k+ from this video alone, so the monthly cost is even lower now. To much hate and retardation in the comment section, you should watch this and get inspired, not get envious and salty...
Alef Ramirez
Alef Ramirez 2 hours ago
8:43 Here's what you came for
Daron Daron
Daron Daron 5 hours ago
This dude is just full of sh!!
matt B.
matt B. 7 hours ago
No one else realizes this is Ferguson from Clarissa explains it all? 🤔
I’m broke he should decide to use me for a RUvid video and give me the car
Miguel 8 hours ago
I’m gonna wait when I’m 60, I probably cant buy it still... ;(
Joe Casson
Joe Casson 9 hours ago
Joe Casson
Joe Casson 9 hours ago
Joe Casson
Joe Casson 9 hours ago
Itcouldbefunnier 10 hours ago
He didn't get a Tesla for $78 a month. Video has over 5m views. He got paid to own the Tesla, thru clickbait. Ain't mad at him tho.
Brant Richardson
Brant Richardson 10 hours ago
...for the first year.
HNS SNH 11 hours ago
What's ligma?
Pavel Mazurenko
Pavel Mazurenko 12 hours ago
delusional to the fullest....
Joshua Gerber
Joshua Gerber 13 hours ago
Pretty misleading.... you should probably amortize your tax savings over the duration of ownership, or at least the loan. What will it cost you NEXT year to own, when you can't deduct all of those tax savings?
Graham Stephan
Graham Stephan 13 hours ago
You can still depreciate the car, deduct interest, etc
[4-SaK3N] DjB
[4-SaK3N] DjB 14 hours ago
Complete click bait... How he got the car for $78 a month is he got monetized by RUvid, suckered us in with this lying video (he did not buy it for $78 a month, be saved enough by rebates to make it $78 for his 1st year ONLY, then right back to 640 a month!). CLICK BAIT!
Tyler Lasher
Tyler Lasher 15 hours ago
*@Graham stephen. I see all of the videos you post. I'm about to be working for coldwell banker as soon as I'm completed with the courses. Which is next week. Could you make a video of like the top 10 or so mistakes a real estate agent makes and could avoid?*
What Happened Today?
I love Chopin playing in the background!!
Graham Stephan
Graham Stephan 14 hours ago
l2blackbelt 16 hours ago
So basically we can sum this up as incentives reduce the out of pocket cost to $926. You wave that number around making it seem like it is a monthly payment over the life of the vehicle, and it isn't. You still owe $30000 on the car. And it will be about $500 a month, every month, assuming a 72 month loan. This is garbage.
Max Enrique Gonzales
haha..great..i love the reaction of your dad! Hilarious!
Graham Stephan
Graham Stephan 14 hours ago
David Lim
David Lim 19 hours ago
Dang! What kind of popcorn do you use?
Jeremy C Barnhart
Jeremy C Barnhart 20 hours ago
Wrote comment. Deleted comment. Making a comment, "No comment".
Nick Kingston
Nick Kingston 23 hours ago
here in the uk we have nowhere to charge them up, when we do , how long will the queue be at the electric charge up station. Useless
PHiLL T SLAP Day ago
This just irritated me
Graham Stephan
Graham Stephan 23 hours ago
Jackson Lancaster
1:21 stains come off seats
Whos here before 6mil views?
Graham Stephan
Graham Stephan 23 hours ago
Ali Bastami
Ali Bastami Day ago
A massive huge CLICKBAIT! Don't watch!
You B
You B Day ago
You are not going to believe this while I started watching this I smelled horseshit then I turn it off and the smell was gone. Just like that .
Flight Hits Clips
All your vids are “how I bought this expensive item for a low price”
zildjian lee
zildjian lee Day ago
Tbh , this model is trash
Justin Yap
Justin Yap Day ago
You, sir...make me actually wish I had studied Finance
Sky Li
Sky Li Day ago
The same reason why someone bought a Rolls-Royce
vee marie
vee marie Day ago
"Nope thats not gonna happen" 😭🤣🤣
He actually looks like a baby Elon Musk.
nick palmer
nick palmer Day ago
So come up with a catchy title to get people to watch your video and then the ad dollars come rolling in? So basically your a con man?
Graham Stephan
dltv Day ago
A lot of stuff what he is saying is not true for all residents especially the tax write off for business purposes. Your still going to end up paying over $600
Lachlan Patino
Clickbait this fool would need about 48 years to pay the Tesla off with $78 a month!
Lenelove 89
Lenelove 89 Day ago
His break down of the math. Smh I'm horrible at math. Like algebra 1 had me fucked up
That abrupt ending though
Rohan Day ago
Sorry but if you're paying per month for your car, it's not your car
Graham Stephan
Rinkia X
Rinkia X Day ago
Wrecked my Tesla 2 days ago, now I'm on RUvid watching others drive it. ):
Damn, you on point with the video‼️
jackson redden
what’s ligma?
Jay Charles
Jay Charles Day ago
I'm worried if I stain the white seats... (Elon tweets "the white seats are easier to get stains off than black seats") Gram: OHHHHHHH.............
Graham Stephan
Yep 😬
Weston Cogswell
I got an orange Tesla for $20
Graham Stephan
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