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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
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Apr 3, 2019

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Comments 80
Chris Weeks
Chris Weeks 5 hours ago
$78.39 per month......for the first year...... then doesn't it go back up...?
Abdulrahman Yousif
You remind of Elon Musk Himself
Stanley Young
Stanley Young 2 days ago
But that's just calculating for the first year. Even with the interest/depreciation being a tax write off in the following years, wouldn't the out of pocket cost be much more for the years following?
AL
AL 2 days ago
Ur dad is a hoot! Give him that car later Mr money bags
Ria Rimocal
Ria Rimocal 2 days ago
Thats mu dream car tesla model 3...
OG Mandara Tz
OG Mandara Tz 3 days ago
Love Your dad😂, i would have been equally as elated as him
Rachel RDH
Rachel RDH 3 days ago
So good!
RAVIOLI RAVIOLI
RAVIOLI RAVIOLI 3 days ago
Hhh doug demuro
RAVIOLI RAVIOLI
RAVIOLI RAVIOLI 3 days ago
Why's the 47k dislike
Conner Emery
Conner Emery 4 days ago
“Is this for me?” Haha... no.
Lint Hook
Lint Hook 4 days ago
He lowkey looks like Elon musk’a son
necroCODE
necroCODE 4 days ago
That music in the ba kground is very distracting :$
GAMING with SHREYASH
Douge the more
Terrycorn
Terrycorn 4 days ago
Hey Graham, I just wanted to ask if you heard of this new investing website, I’ve been trying it out for a couple weeks now and I can say it is very good at making sure I make the best deals on my stocks allowing me to turn a profit within a few days around 90% of the time. Its called Rule 34 paheal and all it requires is that you are over 18 or make a joint account with a parent/guardian if younger. The core concept of it is it’s a sort of social network investing site where people share there research and thoughts on stocks even where company employees that have insider information are verified and give their input too. Basically it’s a social stock exchange site and I think it’s really cool and could be beneficial to a lot of people. Anyway, I was wondering if you could give your thoughts on the site in a video and if it’s a secure broker website. Thanks a lot and I love your videos, keep it up!🖐😊🤚
Create Wealth Online
Misleading subject line. Unsubscribe. I know you’ll try to justify but it just won’t work
thomas jarvis
thomas jarvis 5 days ago
This is why I love buying a new car
Carlo Torres
Carlo Torres 5 days ago
What is the name of the piano piece during 6:25
Ketan Desale
Ketan Desale 6 days ago
Thanks for dropping some Doug Demuro @ 6:36
The 00 3 Gorslas
The 00 3 Gorslas 6 days ago
QUESTION: This is of topic but I am intrested are chances of becoming succesful variable depending on where you live. For exaple I live in the UK but I don't want to start because I want to have the same odds like everyone.
Sim R
Sim R 6 days ago
and one cent
No One
No One 6 days ago
In hindi ... chutiya bana rahain ho ?
Au JW
Au JW 6 days ago
The video just ended no where lmao , I was like wait is it over or what
Dillon Tan
Dillon Tan 7 days ago
What coupon code did he use?
TeenMoney
TeenMoney 7 days ago
Come to my channel if you are under the age of 18! ruvid.net/show-UCh9ODeDF-E4-XZBnbHQBHXw
Eradzh Karimov
Eradzh Karimov 7 days ago
Are you stupid for real?
Mr Jones
Mr Jones 7 days ago
ligma balls
sapphire scott
sapphire scott 7 days ago
This is the CUTEST reaction
Ethan Barclay
Ethan Barclay 7 days ago
I was stable until I saw the license plate
Gjeebs
Gjeebs 7 days ago
Love the Doug demuro tribute
drockwilliams328
drockwilliams328 8 days ago
Doug Demuro intro lmao!!!!!!!
MERICA #1
MERICA #1 8 days ago
It’s fucking click bait
f yourself
f yourself 8 days ago
bait and switch !!! misleading title !!!
Drilon Mulaj
Drilon Mulaj 8 days ago
Awee! Poor dad was like: is this for me?! 11:56
Dylan
Dylan 9 days ago
8:46
Jeremy Wyrick
Jeremy Wyrick 9 days ago
"100% business use!" *Proceeds to drive around for personal use*
Matt Santillanes
Matt Santillanes 9 days ago
Where can we learn more about tax write offs for purchases for business use?
Richard Winfrey
Richard Winfrey 9 days ago
That’s just for the first year tho right?
Deborah Iaquinta
Deborah Iaquinta 9 days ago
Congrats! Inspiring! Your dad's reaction was priceless which is even better than all the money you saved! 😀
asdfg hjkl
asdfg hjkl 9 days ago
Not sure if it was intentional, but that "This is a tesla model 3" had a Doug Demuro vibe to it
liquidSpin
liquidSpin 9 days ago
At the end of this video you catch a very brief glimpse of his father. Just from that you can tell they have a strong loving father and son relationship. It's no doubt in my mind why he's become so successful at life. 👍🏻
LFC Faaz
LFC Faaz 10 days ago
its click bait lol cuz he financed it....makes sense
Anime & Co
Anime & Co 10 days ago
3:55 u compare ordering a brandnew car to buying a used car from a cardeaership, that argument was just invalid.
Lisa Catherine
Lisa Catherine 10 days ago
So I could not phantom while some persons can be so heartless, I lost all I worked for but all thanks to forbesfamilyweb•net. They restored me with $20k. Am so grateful 🙏🙏
DJ ThugNutz
DJ ThugNutz 10 days ago
Graham, can Dad have millions of dollars?
S. N.
S. N. 10 days ago
Don’t be fool, the 78$ monthly is for only the first year. U have 5 more years. Consider breakdown costs and depreciation, u will have to pay a lot more (700$ monthly or more). Trust me, NEVER buy a new car (if u don’t have enough cash to spare) and NEVER go under debt for a car.
sam Jain
sam Jain 10 days ago
The math is wrong; it only accounts for the first 8 months and thus not the full.
Lauren Konkiel
Lauren Konkiel 11 days ago
Credit unions have the best interest rate for car loans. If car companies don’t have any sales going on.
Fancy Queen
Fancy Queen 11 days ago
Hello what website can I buy Range Rover
Education Cycle
Education Cycle 11 days ago
such a great video, really enjoy the finance side of what you do we also made a video on Tesla's cash flows @​
Education Cycle
Education Cycle 11 days ago
ruvid.net/video/video-l_bDIujxvxg.html​
Rob Eco
Rob Eco 11 days ago
I just just bought a very inexpensive Audi A8 for 7k - HALF the value!
Tim Miller
Tim Miller 11 days ago
The full autopilot is now $7,000 extra lol
The MainGolem
The MainGolem 11 days ago
lol he paying 640 not no 78.39
Liz Chatham
Liz Chatham 11 days ago
Wait- all those savings you calculated for the $78/month cost were based on year one. Do you get those tax benefits every year? Or are those tax benefits only ONCE for the entire purchase? If the latter is true, then the $78/mo is only true for year 1. Then the cost to own goes back up until the car is paid off.
LEON NOMAD
LEON NOMAD 11 days ago
Love your dad's reaction!!
Peter Cox
Peter Cox 11 days ago
Hey graham congrats on your Tesla can you recommend any company for creating an app , please
sosodef
sosodef 12 days ago
Is Graham 5’2???
Laura Treacy
Laura Treacy 12 days ago
Id get self driving and autopilot
Sharee Brown
Sharee Brown 12 days ago
I just LOVE how excited the Dad was. As a parent myself, it warms my heart...
Tashanna Johnson
Tashanna Johnson 13 days ago
The background music ain't it
santiago Delgado
santiago Delgado 13 days ago
we need to see more of you and your dad!!!!
Henry R
Henry R 13 days ago
Don't you think it's a little shameful to abuse every possible tax credit and write off to pay for a Tesla considering how much money you make? All US Taxpayers are effectively subsidizing your purchase, you're welcome.
The Awesome S'witty Kiwi Show
Who’s here because they looked at his most viewed video? - ✨ *Your Awesome Friends at The S'witty Kiwi Show* 🤎
julyano falcon
julyano falcon 13 days ago
Congratulations Grimm on the CNBC make it video with Kevin O'Leary I found that very awesome congrats again
Unleashed3D
Unleashed3D 14 days ago
A frickin tesla 😂😂
Kate Szep
Kate Szep 14 days ago
I love his dad's reaction
JetBlueAirways320
JetBlueAirways320 14 days ago
Who else hear's Anna Shcherbakova's 2019-2020 free skate music @ 3:25
Shadow
Shadow 14 days ago
What's the song at 0:32 ? I can't remember if it's from Minecraft or some famous composer.
jaime d
jaime d 15 days ago
Is that a Prada polo?
Elliot Thoburn
Elliot Thoburn 15 days ago
Liked just because of the dougdemuro reference
Popular Media
Popular Media 15 days ago
If they are that late you should get the car for free.,
Subhrodeep Saha
Subhrodeep Saha 16 days ago
Was that a Doug Demuro reference1?
Jeanette Arredondo
Jeanette Arredondo 16 days ago
Omg how are you so smart can we be friends
Manjil World
Manjil World 16 days ago
And 0.1 ofcourse
Giuliano Testa
Giuliano Testa 16 days ago
Graham buy him a Tesla for his birthday!
Harry Smith
Harry Smith 17 days ago
Contact john_mcnees on Instagram or mail him on johnmcneese067@@t or +12512396384 on WhatsApp(he does not take upfront payment) if you need help about forex trading , Bitcoin, hacking your PayPal,credit score fix, bank account,western union hack,money gram,credit card hack,instagram verification, facebook and many more.. you can as well check his website @t His fast and reliable .
MotoCzar
MotoCzar 17 days ago
Elon is the GOAT and Tesla's are sick but those wheels look ridiculous
Harry Smith
Harry Smith 17 days ago
Contact john_mcnees on Instagram or mail him on johnmcneese067@gmail.com or +12512396384 on WhatsApp(he does not take upfront payment) if you need help about forex trading , Bitcoin, hacking your PayPal,credit score fix, bank account,western union hack,money gram,credit card hack,instagram verification, facebook and many more.. you can as well check his website newtomorrow.net His fast and reliable .
mr orange
mr orange 17 days ago
Actually I take my last guess back and I'll guess 700 a month in collision insurance...
Harry Smith
Harry Smith 17 days ago
Contact john_mcnees on Instagram or mail him on johnmcneese067@gmail.com or +12512396384 on WhatsApp(he does not take upfront payment) if you need help about forex trading , Bitcoin, hacking your PayPal,credit score fix, bank account,western union hack,money gram,credit card hack,instagram verification, facebook and many more.. you can as well check his website newtomorrow.net His fast and reliable .
mr orange
mr orange 17 days ago
I wonder how much collision insurance would be on this car for someone who is 28 years old, probably 300 a month if I had to take a wild guess or more....
POWERLIFTING 71
POWERLIFTING 71 17 days ago
Very good, I like watching it👍👍👍👍 #powerlifting71
Franco Cohenim
Franco Cohenim 18 days ago
Graham, bro...I can tell your dad is so proud of you...I saw it on this video as well as the one where he takes questions about whether you are frugal or not...😎
Harry Smith
Harry Smith 17 days ago
Contact john_mcnees on Instagram or mail him on johnmcneese067@gmail.com or +12512396384 on WhatsApp(he does not take upfront payment) if you need help about forex trading , Bitcoin, hacking your PayPal,credit score fix, bank account,western union hack,money gram,credit card hack,instagram verification, facebook and many more.. you can as well check his website newtomorrow.net His fast and reliable .
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