XRAYVSN

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Congratulations!

Johanna’s Take:

Of COURSE, you can afford the Tesla.  You can afford 2 Teslas.

Given your finances, though, I don’t think you would enjoy the “Tesla high” as much if you have a car loan weighing you down.  Nothing says success like paying cash for a Tesla.

Xrayvsn’s Take:

With an impressive 7+ figure income coupled with a high savings rate (50%) and a net worth of over $2.4 million at the age of 40, this was one of the easier decisions.

I do question the rationale to carry a student loan balance ($69,000) when you could easily wipe it out and be done with it.

I am not sure what interest rate this balance is carried at but typically student loans have a much higher interest rate than mortgages and personally this was the debt I attacked first.

I agree with Johanna that the ideal option would be to pay for the car in cash.

Even going to the higher Model S Tesla P100D ($140+k) is well within your financial grasp (if you decide to go for a Model S or X let me know and I can give you my referral code and you get unlimited use of the supercharger (and I get a limited edition black wall charger 🙂 )).

Agree or disagree?   Please go back to the original post and voice your opinion in the comment section.

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