How much do I need to save to buy a Tesla?

I really want to buy a Tesla, but I'm not sure how much I need to save. What's a good amount to have saved up to help me buy a Tesla?

Answer
If you want to buy a sleek, stylish new Tesla, you’re going to have to pinch your pennies; these electric cars aren’t cheap. If you’re planning on financing the car, note that its a slightly different process than the traditional loan/
If you want to finance a Tesla, it’s ideal to put together a 20% down payment, plus the $100 order fee that’s charged by Tesla. Once you have this money saved up, you can shop car loans with third-party lenders to find the best interest rate. Keep in mind that Tesla also does in-house financing, but it’s only available in 27 states. Refer to the Tesla website to make sure your state is on the list.
You will also want to get a proper car insurance rate to save you money. With the Jerry app, you can find the best insurance rates to protect your Tesla and still have some extra cash.
Eric Schad
Answered on Nov 03, 2021
Eric Schad has been a freelance writer for nearly a decade, as well as an SEO specialist and editor for the past five years. Before getting behind the keyboard, he worked in the finance and music industries (the perfect combo). With a wide array of professional and personal experiences, he’s developed a knack for tone and branding across many different verticals. Away from the computer, Schad is a blues guitar shredder, crazed sports fan, and always down for a spontaneous trip anywhere around the globe.
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