My current car is a 2016 Mazda CX-5 and it still looks and runs like new. The only reason I’d buy a new car at this point is for FUN. Which maybe is fine! After all, the money is no good to us after we’re dead. But it’s at least good to understand your options!
This Tesla as I designed it costs $152,440. That’s a big number. But barely a drop in the bucket compared to the MILLIONS that money could grow to if invested instead of spent! The math assumes a 10% rate of return on the investment (about the historical average of the US stock market).
Do I want this Tesla? Yeah! It’s a the “Model S Plaid”. For a point of reference, the car I had on my wall as an 8 year old boy was a Lamborghini Countach which does 0-60 in 5.3 seconds. Each additional tenth of a second improvement improvement at that speed gets exponentially harder because of the laws of physics. So how fast can the Model S Plaid do 0-60? 1.99 seconds. THAT’S BANANAS.
So anyways, it’s a ridiculous car. Would it make me happy? Well… it would certainly create some endorphins when I buy it, drive it off the lot, and take friends for a spin a few times. But I don’t think the happiness stuff brings you tends to last very long. In fact, in my experience it could leave you even less happy when you realize it didn’t fill that void in your life you were chasing. If I buy it, I’ll just be the same dude with the same problems but then I’ll also have to worry about this super fancy car that didn’t actually bring me lasting joy.
So should I do it? Would you do it?! At least I wouldn’t have to worry about gas prices, right?! Take that Russia!
As always, reminding you to build wealth by following the two PFC rules: 1.) Don’t invade sovereign democratic nations and 2.) Don’t succumb to hateful propaganda.