The stock went up 25% last week.
Does not mean anything.
1 Like
It’s short term liquidity (only 36 months for the last dollar) and you are paying a lot for it. You will be paying the MF on the negative. And also probably taxes depending where you live.
Between taxes and MF you could easily be looking at needing a 10% return on investment to break even before even considering your cap gains tax rate - so actually more like 12%-13%. That sort of return is historically unlikely.
If you need the $9k in the next year or two, just stay with the Tesla. If you want out and then want to make the best financial decision based on that baseline, just pay it off and get an new EV.
3 Likes
Last I checked BMW had low MF for their EVs.
Ofc your rental charge is minimized by borrowing less. So the more cash you can use to pay off the NE the less it will cost you to move it.
1 Like