Why almost everyone was wrong about Tesla’s cash flow situation

Re:Why almost everyone was wrong about Tesla’s cash flow sit... by marssaxman on Friday October 26, 2018 @12:14PM (#18310583)

I've always wondered this, too. The most expensive car I ever bought cost $14K. It was really nice while I had it, but the loan and insurance payments added up to more than $500/month. With a car old enough I can pay for it outright, insurance only costs about $90/month, and even budgeting for $1000-$2000 in repair work every year I'm coming out significantly ahead.

Buying a new car seems like such an unreasonably expensive luxury that I am genuinely surprised there are enough people wealthy enough to keep the industry going.

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Re:Why almost everyone was wrong about Tesla’s cash flow sit... by anoncoward111 on Friday October 26, 2018 @12:20PM (#18310655)

Completely agree my friend! After taxes, insurance, principal balance on the car, and routine maintenance, my beater as described above is running me at $175 a month.

I know so many people who have a car that's costing them over $600 a month all in. That really confuses me, because that's just about the price of a bedroom in our area.

It is entirely feasible to live on $1000 to $1500 a month here as a single person and bank the difference in salary without feeling like you are truly being frugal!

[ Parent | on HN ]