The market for new high-end vehicles is growing quickly. Last year in Canada more than 1 in 10 car buyers went luxury. I don’t like to feel left out so I’ve decided it was time I upgraded to a newer, faster car. #YOLO! 😀 Since this is a finance blog I’m going to share my experience buying a $100K+ car.
Being an environmentally conscious millennial I’ve decided to buy a TESLA! I know it’s not cheap, but Watt good is money if we don’t spend it, right? 😉 The Tesla Model S is rated as the safest car in America, and Consumer Reports has named it their best car for 2 years in a row. Ohm my goodness! With accolades like that how can I not buy one? 😎
So in early February I visited the Tesla showroom here in Vancouver (929 Robson St.) They had a white Model S on display. Here are some pictures I took.
The biggest decision when buying a Model S is choosing the right battery capacity. After consulting with a product specialist, Sandy, I’ve chosen the larger 85 kWh battery configuration, which has 380 hp and can accelerate from 0 to 60 mph (100 km/h) in just 5.6 seconds. Its top speed is 225 km/h (140 mph,) and it can travel about 400 km (250 miles) on a fully charged battery, which is a pretty good range for an all electric vehicle. 🙂
Purchasing a Tesla Model S
The total cost for my white 85 kWh Model S came to about $105,000 including tax. I was also charged $1,000 for delivery and $180 for prep. There’s a $5,000 government rebate in B.C. for electric vehicles. As someone who clearly lives a frugal lifestyle I always try to capitalize on these incentives because it’s basically free money from the government! 😀
The buying process was pretty straight forward. After my test drive, I sat down with a sales rep who helped me customize the options. Then I made a deposit of $2,500 with my credit card. Tesla said delivery usually takes place about 2 months after an order is put through because they have to source all the parts and custom build the customer’s car.
About 9 weeks later I received notice that my Model S has finally arrived in Vancouver! So earlier this week on Monday I excitedly went down to the Tesla service centre to pick up my brand new car!