Alright, so I'm due for a new car and I've been crunching numbers. I am moving further from my job which will involve me driving ~280km return a day. In my current vehicle, a 2010 Kia Forte SX, I get about 9L/100km. Doing the math, 5 days a week, I'm spending ~$650 a month on gas just on my commute. (Not to mention groceries, daily errands which could put me to 750-800 a month) I have $30,000 to put toward a new car. electric vehicle incentives in Ontario are $14000.
The only EV vehicle that will get me that range is the Tesla Model S 75D.
SO with 30k plus the 14k gives me a 44k deposit on the car. Making my payments around 830 a month based on their calculator after tax.
Am I crazy for considering this purchase? I currently make about 105,000 a year and it seems to be within budget for it.
Am I missing something here? I expect the Tesla to last me at least 800,000 km. Where an ICE is maybe 300,000km if I'm lucky before I start sinking money into repairs.
Opinions please and be honest! Spending 100k on a car seems insane.
PS I really love the tesla so I feel like I'm convincing myself to do it.
Submitted September 18, 2017 at 03:00AM by medium2slow http://ift.tt/2xKq37L
