How I bought a Tesla for $78 Per Month

  • Published on Apr 3, 2019
  • I just bought the new 2019 Tesla Model 3 - here’s why it was only $78.39 per month. Enjoy! Add me on Instagram: GPStephan
    Tesla Referral Link: Get 1000 Miles Free Supercharging:
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    So how does a $40,000 car come down to a price of $29,450?
    To start, this car is eligible for a $3750 federal tax credit until June 30th, 2019. This means if you pay more than $3750 in federal taxes, you will receive this entire amount back at the time you file your tax return. That money is as good as cash.
    California drivers are also eligible for a $2500 Electric Vehicle Rebate, in which the state will mail you a check for $2500 upon showing proof of purchase.
    Now Tesla gets a little sneaky after this…because in that $29,450 figure, Tesla also

    So excluding the gas savings and only focusing on the first two, cash-value rebates, the ACTUAL price of the car comes to $33,750. For a brand new Tesla. Standard Range Plus. With AutoPilot.
    So here’s how I bought this car for $78.39 per month:
    Because I financed 100% of the car, my ONLY out of pocket cost was the taxes, license, and registration - which came to $4437.01
    From the remaining amount I financed, my payment comes to $640 per month, or $7680 in the first year.
    That means, in the first year, my total out of pocket cost is $12,117.01 between my payments, taxes, insurance, etc.
    However, after the rebates and tax credits, that brings my TOTAL cost of owning this car for the first year down to $5867.01.
    Because this car is for business use, the $1438 I pay in interest on the auto loan is a tax write off, the $4437 in taxes, licensing, and registration I paid upfront is a write off, and I can depreciate the car against my income. That’s a $14,075 tax write off…which saves me roughly about $4,926.25 in taxes.
    So remember…my total out of pocket cost was $5867.01 after electric vehicle tax incentives. PLUS I save $4926.25 in taxes…that means I’m effectively buying a BRAND new Tesla Model 3 for $78.39 per month out of pocket…and realistically, this works out to be a FREE car when you take into account that MOST of that $640 per month loan payment goes towards principle, and that I can invest my money in real estate at a significantly higher return than what I’m paying in interest on the Tesla. But in terms of out of pocket cost: $78.39 per month.
    And after going through the experience buying a Tesla like this, completely sight unseen, without ever having driven one before, I have to say…I don’t understand the concern of Tesla’s no-dealership model. Personally, I think the entire worry is overblown - and I think we’ll start to see a lot MORE car companies embracing this online-only business model.
    We’re naturally entering an era where everything is done online. I haven’t been to a mall or physical store in FOREVER because it’s more convenient to buy it online, and USUALLY for a more competitive price because online stores have lower overhead, and that savings is passed down to the customer.
    And for that, I have to give Tesla credit for being the first to really challenge the traditional business model of selling cars.
    For business or one-on-one real estate investing/real estate agent consulting inquiries, you can reach me at
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Comments • 18 436

  • Sir Williams
    Sir Williams 44 seconds ago

    Love the reaction of your dad.. very cool!

  • Sir Williams
    Sir Williams Minute ago

    Bro.. can you get some kind of insurance for wear and tear and also for any repairs needed for the car?

  • Joshua Kapellen
    Joshua Kapellen Hour ago

    TL;DR Start a business and expense it.

  • Static The Prodigy
    Static The Prodigy 2 hours ago

    Show us what's in the fridge or it didn't happen...

  • Rodolfo Peralta
    Rodolfo Peralta 7 hours ago

    Nah. Your monthly is probably 700 a month.

    EYES WIDE OPEN TRUTH 11 hours ago +1

    I bet this guy wipes his ass with leaves to save money on toilet paper

  • Lenin Lopez
    Lenin Lopez 14 hours ago

    lmao, doug wont be happy

  • Roland Roland
    Roland Roland 18 hours ago

    Story of all the video
    Tesla paid him or gave him a discount on his car to make the video . Next !!!

  • WTF is going on? Boycott Israel & China

    What a dick!

  • Sonia Zuniga
    Sonia Zuniga 20 hours ago

    I love your dad, he's so happy for you.

  • Adnan ad
    Adnan ad 20 hours ago


  • Jesus Christ
    Jesus Christ 20 hours ago

    who is this video for. Most people who own a successful business know most of the tax "tricks"

  • Beauty on a Barn Budget

    Umm i live in Cleveland ohio. We have a Tesla dealership

  • Adolfo Segovia
    Adolfo Segovia Day ago

    Question do I need to buy the car or can I lease it to get the tax benefits using my LLC?

  • Castella.of.1hp
    Castella.of.1hp Day ago +7

    So picking up your dad is a business write off?? :)

  • Destiny Nashay
    Destiny Nashay Day ago +1

    Save your time skip to 9:08 you've been click baited

  • DutchRacing
    DutchRacing Day ago

    you dont get the federal tax credit back because you pay it in pieces over the years and not in once.

  • Smith VR
    Smith VR Day ago

    The dad is too funny. I wasn't sure how to open the door the first time I've seen one either. I would put scissor doors on mine, and make it a business expense.

  • Smith VR
    Smith VR Day ago

    Brilliant use of student loan money. I should have done Uber through college with one.

  • Riley Dawn Official


  • Lucky Strike
    Lucky Strike Day ago

    Should add to the title, the first year. After you get your tax back next year. So still need to cough up +-700 a month. After the first year considerably more....But awell, whatever floats your boat.

  • Genius Travels
    Genius Travels Day ago

    Only talks about cost for 1 year... However has a 72 month loan!!

  • vasant gaikwad
    vasant gaikwad Day ago

    dad came n asked is it for me.... :(

    FEAR SWERVO Day ago

    This guy has to be Russian no American is this smart

  • Roger Chavez
    Roger Chavez Day ago

    This kid is clueless if he thinks he can write the whole car off as a business expense. You have to own another car to prove to the IRS that you use one for business and the other for personal use. So that BS $78 a month figure becomes much more if you have to carry the costs of a second car (i.e., maintenance, insurance, etc.). If this wet behind the ears kid were really smart, he would have gotten the Model X and used the Hummer Tax Exemption and written off the entire vehicle, which essentially allows you to recoup the purchase price of the Model X, making it a free car. Alas, this is why you can't listen to inexperienced kids who think they understand how life works.

  • LaCrosse
    LaCrosse Day ago

    How much is your vehicle insurance? $4,000 a month.

  • Brandon S
    Brandon S Day ago

    I'm assuming this video wasn't supposed to make me dislike you or your father. But...that's what happened.

  • Alkair
    Alkair Day ago

    Graham is really small xD. He loosk really tiny in front of the car.

  • Danny DePietro
    Danny DePietro Day ago

    Your bullshit math created a false title for your video.

    • Abol law
      Abol law Day ago

      *@Scottashley01 on INSTAgram helped me, i assure he's 💯 legit✔ text him now he will surely help*

  • Daniele Spandri
    Daniele Spandri Day ago

    Am I the only one who hears "Kingdom hearts" music?

  • Jack Jennings
    Jack Jennings Day ago

    Why wouldn’t you lease the car through your business 100% write off on payments and you could upgrade every 3 years.

  • the O man yup
    the O man yup Day ago +2

    Dude your gonna be paying that for your whole life for $78 a month

  • Jim Brannan
    Jim Brannan 2 days ago

    You either got the car for less than $40,000 or $78 a month for the first year, which is it? HAHAHA. You're fooling yourself if you think you did both.

  • photominion
    photominion 2 days ago +2

    Can't really talk about owning anything as long as the bank owns it for you..
    Just imagine totalling the car.. No car and many more years of payments..
    Can you still get all the tax returns with a car wreck?!

  • franticscout248
    franticscout248 2 days ago

    wow 78 bucks huh? must be almost paid off essstupid

  • MaximusJohal
    MaximusJohal 2 days ago

    Why is the car 50,000 in the UK! thats almost twice the american price.

  • takaa e
    takaa e 2 days ago

    wahhh i hate math. But $78 a month is insanely cheap lol

  • Kenji
    Kenji 2 days ago

    I didn't watch the whole thing but just clicked the thumbs down. He's talking about the obvious for 12min for the ad revenue. I have the ad blocker anyway.

  • Allan Smith
    Allan Smith 2 days ago

    What was the doug score?

  • Shruti Ghughal
    Shruti Ghughal 2 days ago +5

    Price of Tesla: $78/month
    Investing that money somewhere else: >3.75% return

    Dad's reaction seeing you in your brand new Tesla: priceless :)

  • Robert Wood
    Robert Wood 2 days ago

    Did he say he was going to buy in cash???

  • Tex Arcana
    Tex Arcana 2 days ago


  • sportdutch
    sportdutch 2 days ago

    Mostly blah blah to subscribe and help him finance his car.

  • drmikemyers
    drmikemyers 2 days ago

    hey guys! do you think you could help me surprise my dad?

  • Marlon Orellana
    Marlon Orellana 2 days ago

    I want to know everything you said but I got lost after you mentioned taxes. Seriously im going to research what you said because this is insane. Just randomly found this channel. Holy fxk

  • Dimitrios Nikolaidis

    Too much information with my morning coffee. Maybe this.. 94k Likes - 42k Dislikes explains a lot.

  • LemonWalrus
    LemonWalrus 3 days ago

    Imagine being so successful you can go online and impulse-buy a new car in less than 24hours, and then you go and ruin it by making your licence plate something fucking stupid. Thats like me getting the plate UMADBRO in 2012. Stupid...

  • usama khan
    usama khan 3 days ago +1


  • Tomas Luko
    Tomas Luko 3 days ago

    This is just year 1, the following year will not get tax rebates of $5,6K

  • Matt Freeman
    Matt Freeman 3 days ago

    $78/month for the first year. A lot of that is lost in year 2. Most people would not save that much in taxes so it's very misleading.

  • love4lust7301
    love4lust7301 3 days ago

    Overrrrrr rated car

  • Frank Penzo
    Frank Penzo 3 days ago

    yea sure its comes out to 78 a month the first year, the rest of the five years in your loan, you will NOT pay 78 dollars a month

  • missbutts85
    missbutts85 3 days ago

    Did you have to put the car in the business name to write off for business purposes?

  • Harris Albuck
    Harris Albuck 3 days ago +2

    The Doug Demuro part had me laughing so hard “Graham score”

  • Eddie Ortega
    Eddie Ortega 3 days ago +1

    I love the way the video ends. It's really fun to see your dad happy for you, and I think the video concluded in the best note possible

  • Gregory Snell
    Gregory Snell 3 days ago +1


  • manthebat
    manthebat 4 days ago +1

    this is a slick ad. All 12 minutes.

  • M J
    M J 4 days ago +11

    Graham dude, you should buy your dad one! Just based off of his reaction! This would have been a much nicer video if you had surprised him with the Tesla!

  • M J
    M J 4 days ago +1

    Dude, wtf kind of ending was that?!

  • Elias Haghverdi
    Elias Haghverdi 4 days ago

    Wait, how does this get 42k dislikes?

  • Joh Cnly
    Joh Cnly 4 days ago +1

    Reported for clickbait.

  • Devils Advocate
    Devils Advocate 4 days ago

    12:40 when your passengers calls you out fro being poor and wants to get out immedietly

  • Devils Advocate
    Devils Advocate 4 days ago

    fuking sneaky white people, this is like a tesla commercial, and this guy got a free car, its lik youtube fooddtamps

  • BenjaminGolding
    BenjaminGolding 4 days ago

    You can't write it off if it doesn't weigh more than 5 tons.

  • MissingTech
    MissingTech 4 days ago

    The feeling is so nice when your dad is really happy about you

  • john doe
    john doe 4 days ago

    what a dipshit

  • Mark Evans
    Mark Evans 4 days ago

    Don’t fall into the credit/financing culture. It didn’t cost $78. It cost however much he pays for it over the life of the loan plus down payment. This is clickbait.

    • Mark Evans
      Mark Evans 3 days ago

      Hall Family Changes nothing of what I wrote...

    • Hall Family
      Hall Family 3 days ago

      Did you miss the part where he explains how he used the cash he could have paid for and invested it instead and made more than enough to cover the cost of interest

  • Sup dude
    Sup dude 4 days ago +1

    Next video: how I got 78 dollars worth of Tesla’s for a week

  • 3die3ra
    3die3ra 4 days ago

    At the end of video.
    its suddenly cut off ..
    i believe they make an accident 😒😑😑

  • John Adamson
    John Adamson 5 days ago

    Am I missing the links?

  • chefreedomfightr
    chefreedomfightr 5 days ago

    for Australia you have to pay 80 thousands dollars =/

  • Grippojr
    Grippojr 5 days ago

    Save the environment and don’t get one of these cars, the battery’s aren’t recyclable and do much more harm to the world then good. Also the co2 it take to make something like these is 20x more then a normal car. All you people that love saving the world just get a normal gas car and drive less, simple.

  • vElevate
    vElevate 5 days ago

    Do you even know the meaning behind ligma

  • Ramal Armstrong
    Ramal Armstrong 5 days ago

    I can sit here and listen to this man talk all day 😭

  • massiv pp man xddd
    massiv pp man xddd 5 days ago +6

    is it just me or does this guy sound like ben shapiro

    • Jujai Jaiho
      Jujai Jaiho 4 days ago

      massiv pp man xddd slow version