How Much You Should Make to Drive a Model Y! #tesla #personalfinance #modelY

How Much You Should Make to Drive a Model Y! #tesla #personalfinance #modelY

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[TheElitegamer]

This is where you learn nobody in the US follows that rule.

[BenJustSaid]

Look at me driving a $30k car with $24k / year. I like to live on the edge.

[JoseAlba]

ah this day I learn that I'm poor

[looneyyang]

I make $108, 000 a year. I drive a paid off 2011 Toyota Yaris with 78k miles.

[PeterparkerSlaps]

I make 40k and bought model y . For $45k after incentives. The trick is to marry a wife who makes 150k

[beerussama]

Me with $2K down payment and 25K annual salary: “So you’re telling me there’s a chance?”

[dionnegang]

I put 20k down on mine and make 95k a year. That’s cap just save ur money 💰 you don’t need to make 130K year to afford a Tesla. You just need to know how to manage your funds and not be an idiot.

[Zues]

Well I make 60, 000 and I pick mine up tomorrow. Of course you need to make enough money to provide for your family, but if you can ink out being able to get this car and it doesn’t truly hurt you, I’d say go for it. Tomorrow is not promised for no one, and i don’t live to work, I work to live. So while I still get to live, I’m going to enjoy it in my model y performance.

[Memory]

With the 20/4/10 rule it seems that a lot of cars would need you to have a top 10% american income. 10.8k a month is a huge number to me and my small circle of friends, let alone a 130k salary.

[LittleNick]

At that rate I couldn’t even afford a bike 🚲

[Chmo]

You weee looking at the potential savings price. The actual price is $53, 490

[MarcoNierop]

Owning a car in the US is crazy expensive these days..$204 per month on insurance!?, I pay less than $1000 per YEAR... I saved up for my Model Y, paid all cash no finance required, but I got a good price for my old gas clunker, so that helped. My salery is about $75K per year. Already started saving up for my next Tesla.

[azureactivedirectory]

If you want to get 130k after tax you probably need something like over $200k gross income

[CowPower-]

I make about 220k a year and I just purchased 2024 Tesla Model 3 Performance. My monthly car payment is around $720 which is not bad at all!

[thomaswilson]

The Tesla your referenced has a selling price of an average new car.
So you are claiming the average new car buyer needs to make 130k per year?

[Ryne]

Bruh, I make 42k/yr and just got a model 3 performance

[aesthetic_blaire]

The tesla model y with white interior and black rims used to cost 74k now it’s 55k

[Jb-wixq]

7500 tax credit and 1500-2500 in gas savings a year can be factored in. My 56k model y performance is as expensive as most -40-42k car

[AdamGall]

This is exactly the video I was looking for. It’s so easy for me to convince myself that I can afford things that maybe I shouldn’t. I’ve been doing the math to see if I could realistically afford a car like this in the near future but I’m happy I found this video for a more realistic view.

[IAmTheGlovenor]

I made half of that, with a more expensive model and trim ($60k) with no down payment. Paid it off in ~2 years, while having a mortgage that was higher than the car payment.