Sadly, President Trump announced the United States will pull out of the Paris climate agreement. Now, social responsibility should be demonstrated at the individual level. One of the examples of individual social responsibility is to avoid creating pollution by purchasing an electronic car. However, we think that many electric cars are more expensive than their regular car. In former times, electric vehicles used to be incredibly expensive because they were more or less handmade in small numbers. What do today's electric car actually cost? I have gathered the relevant data for the newest electric car Tesla Model 3.
Besides the many environmental benefits, there are many reasons for considering making Tesla Model 3 the next car I buy. According to Tesla, Model 3 is designed to attain the highest safety ratings in every category. This model is the most affordable car in Tesla and achieves 215 miles of range per charge with the sticker price is $35,000. The Tesla Model 3 is not …show more content…
Most financial planners seem to recommend that all my automotive expenses equal no more than 20% of my take-home payment. In this case, my take-home payment should be more than $55,174.20 each year to afford the car. If my take-home payment is less than $55,174.20, should I give up owning the greener car? All I should do is to pay more the down payment to reduce the loan amount. If I make a down payment of 50% of the total selling price, the monthly payment in 36-month loan is $510.87. I could purchase this car if my take-home payments are more than $30,652.20 each year. Throughout this project, I learned that the car-buying process should start with deciding what monthly payment fits into my budget. It’s also a good time to think of all the auto-related expenses that go along with owning a car. It keeps me from buying a car I really can’t
Besides the many environmental benefits, there are many reasons for considering making Tesla Model 3 the next car I buy. According to Tesla, Model 3 is designed to attain the highest safety ratings in every category. This model is the most affordable car in Tesla and achieves 215 miles of range per charge with the sticker price is $35,000. The Tesla Model 3 is not …show more content…
Most financial planners seem to recommend that all my automotive expenses equal no more than 20% of my take-home payment. In this case, my take-home payment should be more than $55,174.20 each year to afford the car. If my take-home payment is less than $55,174.20, should I give up owning the greener car? All I should do is to pay more the down payment to reduce the loan amount. If I make a down payment of 50% of the total selling price, the monthly payment in 36-month loan is $510.87. I could purchase this car if my take-home payments are more than $30,652.20 each year. Throughout this project, I learned that the car-buying process should start with deciding what monthly payment fits into my budget. It’s also a good time to think of all the auto-related expenses that go along with owning a car. It keeps me from buying a car I really can’t