Facepunch worthy post incoming.
I ordered a Tesla Model 3 LR AWD with 19" wheels(+$1500) and red paint(+$2,000) on Thursday after the $7500 discount was offered. I understand full well that this is a financially terrible decision that in no way shape or from can be remotely justified. My value oriented option was a 2020 Ioniq PHEV for under $25k, probably closer to $20k after rebate. So the Tesla is fully and completely a $40,000 luxury splurge. I spent $59,000 total. I put $30k down which is extra cash I had saved up to pay cash for a Chevy Bolt before changing my mind on that car. So the Ioniq would have been a straight cash purchase with money left over to invest.
Acknowledging that this was a horribly non-mustachian decision, here is what appeals to me about the Tesla.
1) Maximum range...334 miles. The RWD would have been significantly cheaper but I wasn't going to buy another EV at any price with less than 300 miles range. The RWD standard range has 200 miles range on the highway in cold weather...if you drive from 100% to 0, which isn't realistic. On a road trip, you will only charge to 80% or charging takes much longer, So 200 mile range is reduced to 160. Driving until completely dead isn't realistic so actual usable range on a long trip in cold weather is 140-150 miles with the standard range version. So for me, the long range version was the only option.
2) 2020 model would be quite a bit cheaper and they are plentiful as coming off their 3 year leases. These cars have a *little* less range but also no heat pump which I think is an important feature for EV's unless you never drive long distance in the cold.
3) I know that I would have been 100% perfectly happy with the Ioniq PHEV. I would have felt like I made a wise financial decision and felt great about having more money to invest.
4) Wrong or right, I chose to splurge on the Tesla. I know I will love the car, and plan to pay if off in ~6 months. Although I only recently(2-3 years or so) got myself onto a good financial path, I'm still on a good trajectory despite this luxury indulgence. This purchase won't prevent me from maxing out all retirement in 2023($75k), and I've made massive, life altering changes to my financial situation and have become much more frugal overall. Perhaps with the exception of next year while paying off the Tesla, I will be saving 50-60%+ of my income every year until FIRE. So I'm going to enjoy this splurge without regret. If, after some time I prefer I hadn't done so, I'll just sell the car and switch to the Ioniq type solution. Not the end of the world.
Just wanted to share my situation despite being far from optimal....I think its good to share the good and the bad even if it may be viewed as non-mustachian which I wholeheartedly agree is the case.
We test drove a model 3 the day I placed the order. I figured I would probably like the car, but in reality I like it more than I was expecting. A fast car is not important to me, but it *is* stupidly fast despite not being a "performance" version of the model 3. The car seemed much more luxurious than I was expecting. One pedal driving is much easier to use than on our Kia which requires the correct timing of pulling a steering wheel paddle to bring the car to a complete stop. The Tesla is much easier and intuitive to drive without using the brakes. The AWD and traction control is, honestly, astonishing. It was very cold and very rainy for the test drive. The car had blistering acceleration with no hint of wheel spin in the rain. I like the extremely simple layout of the interior. I would prefer manual buttons for wipers and HVAC, but the car has excellent voice control so I will likely use that extensively as I do not want to use a touch screen for those basic controls.
The charging network, having driven a non Tesla EV for the past 9 months, is vastly and exponentially superior to non-Tesla. Click the charge icon and it shows all Tesla superchargers in range based on current state of charge. There were dozens in every direction at 50% state of charge. Too many to easily count. Use voice to plot a course, and the car also plots out all chargers to use along the way that are optimal based on the cars range capability. The car will also automatically pre-condition the battery en-route in order to achieve optimal fast DC charging. My car will charge at a rate up to 250 kW. Click on the charging station and it shows how many stalls, speed, stalls in use and available, nearby food and drink options, etc. I mean, the user friendliness is astonishing.
Delivery/pickup was scheduled for 12/26 but they found an issue during QC. An o-ring in the battery cooling system needs to be repair or replaced or something of that nature so delivery is rescheduled for 12/30.
Anyways, I didn't want to leave the thread hanging without an ending. I'll update when/if we take delivery. Little concerned about taking delivery by 12/31 which is required for the $7500 discount.