$78 for the first 8 months (through the end of 2019). Thereafter, roughly $600/mo for the remainder. So total out of pocket over 60 months in the $32k range. Not bad at all, but it averages out to $533/mo. Definitely click-bait quoting the effective monthly cost for his first 8 months of ownership without explaining the rest.
Robert Matlock not all videos are the same. I’ve watched a few videos on the subject and as a person who owned a website as well, I can say that some video earn more than others. Depends on the audience it attracts, what it’s talking about, and so forth. If you got a site on sneakers, your waning power gonna be a larger number than a site on pranks. A site on financial tips and budgeting gonna make more than a site on science and math. Not all videos (or websites) are equal. So yeah, he could make that much on one video.
That's great, Sometimes we need to get our minds off negativity and just motivate ourselves, If you dwell on your failures you will end up not achieving your dreams, take a chance and try something new.
The pandemic is far from over and a second market crash is inevitable. Proper consultation in these troubled times is in order, the best time to invest was 2008-2010 the second best time is now.
@@bartonjeffs9439 This economy crisis is just a time that differentiate the wise from the other, the wise will invest right now either in stock or cryptocurrency just to hold some shares of something
@@jingyinglu7129 Not white people, you mean us Americans and we come in all shapes, colors, and sizes, not just white and most of us are equally bad at math. But the color of skin has nothing to do with the lack of math skills. You can blame it on our language, our numbers are much harder to pronounce in English than the Chinese equivalents which makes the whole process that much harder. That's where the old saying about Chinese being great at math originated. Gotta love science and the group that did the study. We have to write out One Million or 1,000,000 whereas Chinese simply write 一百万
@@jaredtweed7826 Probably, probably not....His son doesn't visit without much notice, so he might be thinking that its a gift rather than something to show off, but who knows
This must be the hottest new trend, to post a message to RUclips telling them that you watched their recommendation...I've seen this 5 times in the last couple days. You're so cutting edge and trendy...**rolls eyes**
Yeah... except you now clicked on the video which means RUclips thinks you're interested in this content and is now going to recommend more of the same things :)
AwesomeBlackDude You probably want a wall around the country that won’t keep out anyone but a stick, and would virtually drive up in cost ice true years killing the middle class unlike EV’s 🙂😂.
AwesomeBlackDude Point is Atleast These Cars work.. and not some stupid military failure, US invasion of broke ass countries, stupid ass walls that don’t work, everything but improve the country.
I have a lot of things to says about this video. Theme being it’s misleading. First of, the $78 per month only applies to the first year of a six year lease. The payments to this car will ALWAYS be $640/month, even in that first year. What he’s doing is that he’s applying all the rebates and the gas savings and the tax write offs and this and that TO THAT FIRST YEAR, which is entirely arbitrary. Not only he should be applying this to the 6 year contract, but some of the things he’s counting in (like tax write offs) are not specific to Tesla. For example, if I buy a cellphone, I say it costs $1000 and not $1000 - “whatever the tax write off”. You know what I mean. But even if we do all that, here’s what the math really looks like. $78.39 * 12 = $940.68 $640 * 60 = $38,400 $38,400 + $940.68 = $39,340.68 $39,340.68 / 72 = $546.40 This is how HE should have done the math, even tho it’s still very misleading. Cause remember, the payment is never different than $640 but what he’s doing is taking the potential savings and applying those towards the first 12 payments. Entirely misleading but if he did that to the actual life of the loan, the payment would be $546.40 (adjusted but not actual)
A lot of people already knew that and u spent a lot of time tryna prove your point, next time take that time and make some bank, so you make this guy look broke
What you were supposed to do it’s a video using his video to explain how wrong he is. Make sure it’s more tan 8 minutes length and you will get revenue and because you have to put his name you will get couple of more views as well. More money for you.
I was thinking exactly the same. Entire video about 72 months loan and he deducts all the rebates for the first year. WTF this is a completely wrong math. He could even do more interesting video and calculate only first six months and claim that he is actually paid every month to own Tesla
How I bought a 50 million dollar mansion for $78 every ten-thousandth of a second. I guess the old saying of "It's not what you say but how you say it" rings true. Lol
Funny how he talks about investing the money instead of paying it up front and he pays up front all that he says he is going to get back, but in reality he is going to get it back almost a year from now, so he loses the interest he would get had he invested them and loses on inflation since his X thousand $ a year from now will not be worth X, but Y in nowadays money and Y will be less than X thanks to the inflation.
Don't waste your time watching. It's still $640 a month. It's $75 a month for him because he: gets tax credits paid back next year. Lives in California and gets an extra tax credit every other state doesn't get. And had the taxes and interest subtracted because it's a "business" vehicle. This isn't a car for $78 a month. This is full approve a car with rebates that the average Joe can't afford.
The only repeatable credit he has is the depreciation value - which cuts in half after the first year, so that $8200 turns into $4100, and by his own calculations only about 35% of that is returnable as a tax writeoff, so 0.35*4100 = $1435. So his annual payments of $7680 minus the depreciation value of $1435 = $6245 a year. This translates to $520.42 a month after the first year. So basically this video is saying "Hey! If you put something on a credit card that doesn't charge any interest for the first year, it's free!"
I saw another video where he's bashing on a girl that makes 15k a year. This guy grew up in Santa Monica LMAO. Has been well off since birth. Fucking joke
I bought a 1997 Toyota Corolla with 98,000 miles for $600 spent $850 fixing it and it runs like a dream. saved around 30,000 in car payment and taxes...thank you Toyota😊
Best way to make income in the markets and profits from trades is by working with a financial advisor this will give you an edge over making mistakes and loosing resources this is why I work with Zach Micah Demers
You can certainly earn well with a good start-up capital. I take profits every week, and I've made a lot of money investing with Sir Zach Micah Demers, but your results are dependent on your investment capital.
Zach Micah Demers is a very knowledgeable person. I've known him for years, and reading through his qualifications, educational background, and resume is always impressive.-
I was happy to see you took the time for your dad. My dad passed away. I'm 53 now. I'm old school when it comes to cars with natural aspirated fuel. Thank you for the vid.
@@GrahamStephan Hear in Jacksonville Florida there are few hub to link up. I live in a condo which I'm trying to get out of to get the garage with a hook up. Can you help me?
Graham I just wanted to let you know that I’ve been watching you for years and you motivated me to finally start my RUclips channel. I kept telling myself that I don’t have time and I finally stopped making excuses and I started. Thank you for the motivation and keep up the good work.
This new lens is $3200 and very niche, won't get much use, but based on 6 years of usage, and the business tax write off, and the fact that it won't depreciate much in value if I take care of, I project that, out of pocket, the lens will have costed me nothing as long as I can get atleast 12 years of usage out of it.
Max Hoderlein I would assume he used MACRS with 200% GDS with half year convention. Resulting in 20% depreciation on the cost of asset. Or 8,000 on the first year. Which even then under bonus depreciation under the first year rule for luxury cars, it would be 18,000 if he chooses this path.
Thank you so much...oh yeah, I had 3 cars planned out and I ran every number on them for DAYS to see what the final price was of each, after write offs, and which would get me the best value. Tesla won by a landslide.
Let me understand what he did. He bought a Tesla so that he can put the burden on tax payers? Did I understand him correctly? All those tax "writes off" means someone is going to be paying for it.
Rather than blowing this video off as a click bait video, learn something from it. For instance learn how you can use tax benefits to your advantage when making purchases like this.
No it's a Clickbait. if he wanted to tell us how to get our taxes back he would name it somthing else and only speak about that. and it would also be easier and shorter video. But he wanted to get views from that Titel.
Yeah its definitely clickbait... I just bought a car for around 40k and I pay around $800 a month. There is no way I could’ve gotten it down under $700 a month with the best credit score.
and claiming you never ever used it for personal use... if you use it for personal use half the time then you're suppose to only deduct half for business, not 100%, and when you sell the car you need to pay tax on that
The loan interest and depreciation tax write offs would still be effective in year two. In fact, you can depreciate a greater amount of the car in year two than year one. I believe its $16000 in year 2. Once the car is fully depreciated though you gain no benefit... also if you were to sell it at any point after, you'd have yourself a taxable gain on the full amount of the sale due to it being fully depreciated. I am not a tax professional... but this is my limited knowledge of this kinda stuff from having my own business and buying cars through it to gain similar tax advantages.
@@johnokeefe2471 i think he took all the writeoffs and credits, subtracted that from the price he paid for the car then divided it by the number of payments of the loan...and got $73. but this guy must have really good credit score to get approved. i wouldnt qualify lol
Just watching Rich Rebuilds on how people buying the Model 3 and because of how so many people want it that it's being resold at price or higher of the original Not sure how long that will last but it's it ends up being like a Elise then he might really win ruclips.net/video/byF5agx3Qz4/видео.html
So you mean to tell me you were watching a video of mine and opened up another tab.................. I am certainly in my feelings about this.... but since you actually bought a M3 you are my hero and I am very happy :)) Beautiful car and so minimalistic on the inside. Love it! You are da man! Have a great day
@CAPTAIN DABBIN but if he saves enough gas in a year, the monthly costs could still stay close to nothing for him. (personnally i dont burn 600$ in gaz a month, only maybe 120.) someone who drives a lot could benefit from an electric car, if they can accept the limitations of it. say driving 1000 miles a week on average, with 35mpg, it will end up costing the same in gas, so why not
@@lookatyourpastside4714 so? He could have applied all discounts and rebates to only one month and claimed that he was being paid to drive a brand new tesla lol- it's bullshit- he needs to spread all the rebates out over all payments and then that's what he paid per month...
Year-over-year inflation stood at 6.5% in December 2022-the lowest that figure has been in more than a year. Inflation was in line with what economists expected and gave many of them a reason to believe that the peak of inflation may be behind us. I have approximately $150k stagnant in my port_folio that needs growth. What is the best way to take advantage of this downturn?
That's correct. California USED to give $2,500 to everyone (I know because I'm on my third Tesla), but now there's a means test and you're almost certainly not qualified for the California rebate.
Ok, so you say it is 78$, forgetting to mention that this is only in first year. Then for last 5 years this is still 640$/month minus minor tax saving (just because this is bought for your business). Props for the Graham Score, but your math and title are just wrong and delusional. In total you are looking at average around 546$/month during 6y (72month) payment time minus tax saving that not a lot of us get. Show full picture or don't show it at all.
@Steve Pringle interestingly enough if your plan is to sell the car after a year you can then start a "used car" business and you have an explicit reason for the business writeoff and depreciation even if you don't have another business to put it under.
I just love how your fathers reaction. It's just priceless and the joy and happiness reflected so genuinely. Just buy him 1 and make his day. To see him in such joy is just priceless.
As he mentioned in the video, this model ends up being much more affordable then buying a 32k luxury car though so in a way this is teaching you how to save. Obviously though, as Dave Ramsey says if you're not a millionaire you shouldn't be buying brand new luxury cars and put yourself in debt but if you are wealthy this is economical.
Not to mention that a sizable chunk of the discount is due to it being a "business car." Most people can't legally write that off and frankly I think it's probably questionable if he can as a true business car like that is only to be used for business no personal use.
@@AndrewWellsPlus You actually can...if you start a business and use it for business purposes. But you won't because you'd rather stay an employee where you get safe reliable income.
@jeff kittleson RUclips is in fact a business and so you absolutely can. Even if it didn't count it's based on percentage of use. A single personal trip isn't going to get the IRS on you
@@thephoenixstudio It really depends on the viewer demographic. For graham it's about $9-10k USD. So that times 4.4 would roughly be his earnings from this video
@osamui The first song is Erik Satie's Gymnopedie No. 1. Though it's only 3 minutes so I'm sure he flipped between Gymnopedies and Gnossiennes throughout the video.
No, he's doing what rich people used to do with home-buying - even if they have the cash to buy the house, they get a mortgage instead and invest the money, then they use the dividends or interest they get from their investment to make the monthly payments on the mortage - and they end up with a free house. That's how the rich stay rich.
Stock's are crashing, Bitcoin Investment right now will be at every wise individual list in a month you we be ecstatic with the decision you make today
evo1video no he means, when i saw the price was 33k i thought i will buy it cash but when he saw it would be better to take teslas deal and buy it that way.
Tax accountant here, here's what you need to know: 1. The rebates are a one time rebate so the monthly cost is only for the first year. Plus rebates are now entirely over with for Teslas. 2. Depreciation is wrong, it's actually much higher in the first year than $8,200. 3. This is assuming 100% business use so you'll need the documentation to prove you never drove this for personal reasons if you're ever audited
your right and after yrs the dealer will trade in gor aproc 7-8k if its still great condition and he will lose negative equirt of around 22000 buckks depreviation on day 1 is 22 percent and 7-9 percent every year after and the write off only pays him back around 6 percent of write off first year ,its not free money from the irs . if you write off 14k hell only get 2k back tops and around 700 bucks off his taxes for the first year only .and he paid too much for a small car anyway
@@josueamparo1677 For the most part if you have the proper documentation BEFORE the IRS asks for it under an audit then they don't question it further. Handling an audit and avoiding certain audit flags on the tax return is something a lot of small business CPA's don't think about.
I love the way he approaches his purchases. Need a savvy accountant that walks me through my purchases or he can come along with me when I am making my big boy purchases. But yea, this definitely works out to being around $550 for his 72 month lease. $78.39 per month for the first year only. after that, the calculations change.
@@hudzaifahzaidabdurrahman303 dumbass leases dont work like that 😍🤡 still gonna have to take care of them payments one way or the other unless you can sell it outright for more than you owe. nobody in their right mind buys a used lithium battery 😭
Could you come be apart of my family. I've learned alot from this channel and Im also trying to make things possible. It would be great if you would check out some of my creations I made. Click my thumbnail to access my channel.
he can claim giving it to his dad is a business expense because his business is making youtube videos and giving his dad a tesla on youtube is part of the content he is creating @_@
The math is a little off - your business is writing off $14,075, you project a $4,925 savings, this resolves to a 35% tax rate. Under Trump (effective Jan 1st 2018), this was reduced to 21%.. the good news is you're taxed less on your overall income, but your effective tax rate drops to 21%. So you'll receive $2955.75 in tax savings.. not $4,925. Therefore: Net Cost ($5867.01) - Tax Savings ($2955.75) = $2911.26. You'll be paying $242/mo in the first year. The real twist is.. what about subsequent years? No CA EV rebate.. no Federal Tax Credit.. no taxes/registration.. So your monthly payments are $7,680 No taxes to deduct (let's say $300 for registration) Total: $7,380 Your write offs will drop to just Loan Interest ($1,438 for simplicity, it will be less due to amortization) and Tax Depreciation ($8,200) So write offs = $9,638 (at 21%) = $2023 $7,380 - $2023 = $5,357, You'll be paying $446/mo for the next 5 years (since you took out a 72 month loan) (Folks still should recognize, without the fancy tax stuff, this is a $615/mo car payment out of your checking account over 6 years) Still.. this is an incredible car, incredible price, and Reuters recently pointed out drivers will spend less per mile compared to a Toyota Camry *by the 3rd year of ownership*.
![[DRAGON BALL LEGENDS REVEALS ＆ STUFF] LEGENDS FESTIVAL 2024 Special Edition Part 1](http://i.ytimg.com/vi/mV5bGIswTtQ/mqdefault.jpg)
This is clickbait how tf do you expect us to afford $78.39 a month the title said $78.
Matthew Harris you’re funny I’ll sub
Spend 39 cents less
$78 for the first 8 months (through the end of 2019). Thereafter, roughly $600/mo for the remainder. So total out of pocket over 60 months in the $32k range. Not bad at all, but it averages out to $533/mo. Definitely click-bait quoting the effective monthly cost for his first 8 months of ownership without explaining the rest.
We got clickbaited
😂
Should've used the Honey extension on the Tesla.
Lmaooo
i got a honey ad for this video lmao
@@TayyabKhan-ck6fd lol
Snarky Goblin lol
😂😂😭😭😂😭😭😭
This man is a hustler, he made a video about buying a tesla to pay for said tesla.
@@bobus5681 ???
Bobus racist
@@bobus5681 coal
@@bobus5681 You get my upvote just for being an asshole.
@@bobus5681 racist
Graham in 2030: *How I bought a SpaceX Starship for $420 a month*
@Graham Stephan bot avoid not real graham
@@exentren2771 Look at the second message lol. It says “his”
It's all fake bots don't trust them
Hahahahaha
What insurance do you suggest for a SpaceX starship
This video probably made him enough money to pay off the car already.
fax
100%
He made around40k $ from that video
@@885issa Definitely not, probably 3-4k was made max from this video as of today. Then shave off 1k for taxes
Robert Matlock not all videos are the same. I’ve watched a few videos on the subject and as a person who owned a website as well, I can say that some video earn more than others. Depends on the audience it attracts, what it’s talking about, and so forth.
If you got a site on sneakers, your waning power gonna be a larger number than a site on pranks. A site on financial tips and budgeting gonna make more than a site on science and math.
Not all videos (or websites) are equal. So yeah, he could make that much on one video.
I wish my dad was as happy as urs, when I bought my Tesla he was pissed cuz I used his credit card or something idk
Scott Silverman lol
lol classic
lmao
Scott Silverman , why didn’t you just use your own money? Part time job? He would have been elated.
@@edwardsferrazza9646 its a joke
Me trying to explain to my parents that this one thing i want to have isnt so expensive as it seems
@Johannes Kure Nielsen you serious?
Omg lmaooooooo
@Johannes Kure Nielsen Bruh
Ape lmao 🤣💀 I’m dead bro imagine explaining a new pc isn’t as much as it is like this
@Johannes Kure Nielsen He built it over all these years and literally anybody can
People tend to hate instead of asking how to do it for themselves
Moral of the story, buy it for a business that makes money, so you can get tax deduction. Nicely done, Graham. Love your dad's reaction! 😀
This dude could convince me to sell my own car to myself.
Can I interest you in a used car? only $200 a month
eksine 150 😎
@@AyonEcho $175 and I'll throw in some free undercoating
@@eksine you got me on a tight leash, but I'd love that undercoating. 170 and you've got a deal.
@@AyonEcho I'll sell you a used Toyota rav 4 2019 for 300 a month
Graham, I am just rewatching this video, and if you haven't already you should buy your dad a Tesla. His reaction and excitement is great.
@@jonasrominger3065 stfu bot
@@T94869 That's his father account...
Riccardo no 😐😐
Agreed
プレイヤーは今日です🍜
How to get car 4 cheap: be rich already
the only true lifehack
@@godisgood2011able If you dont think he's rich, that's because you're worth more, or blind.
@@godisgood2011able not to mention he said he was gonna buy it outright with cash. Anyone with a spare 40k lying around is friggin rich I'm sorry.
@Big Don yess
@@pla6ue hes a realtor in LA. $40k is not that much money. You can make that selling one house
That's great, Sometimes we need to get our minds off negativity and just motivate ourselves, If you dwell on your failures you will end up not achieving your dreams, take a chance and try something new.
"Markets are constantly in a state of uncertainity and flux and money is made by discounting the obvious and betting the unexpected"-George Soros
🚀🚀🚀
I use to take money from the bank for survival but after trading with her my financial status changed for real
The pandemic is far from over and a second market crash is inevitable. Proper consultation in these troubled times is in order, the best time to invest was 2008-2010 the second best time is now.
@@bartonjeffs9439 This economy crisis is just a time that differentiate the wise from the other, the wise will invest right now either in stock or cryptocurrency just to hold some shares of something
Felt bad for your dad when he said "is this for me?". You should defintely buy your dad a tesla!
Bluegold Skies I’m reading the comments specifically to see if someone said what you just did lol
I think the same. Like dude you are a millionaire, and you can always earn more, that tesla is $35 k ,nothing compared to what you make/have
@@MsNeelamma You must not watch his channel regularly lol.
@@aubrielloyd-jones3929 ikr
Counting views of this video,,,he can probably buy another for his dad and pay for it in full,,,
You can also get a Tesla Model S P10D for $0 per month. How? Pay it in cash all at once. Technically not wrong and clickbait worked.
Jia L. Except for insurance 😣
Exactly what I was thinking, but it gets better views than “ How I financed a Tesla for $78 a month!”
I think you meant P100D I know that because my brother has one
Lol wait till the second year, man seriously white ppl are bad at math, jkjk
@@jingyinglu7129 Not white people, you mean us Americans and we come in all shapes, colors, and sizes, not just white and most of us are equally bad at math. But the color of skin has nothing to do with the lack of math skills. You can blame it on our language, our numbers are much harder to pronounce in English than the Chinese equivalents which makes the whole process that much harder. That's where the old saying about Chinese being great at math originated. Gotta love science and the group that did the study. We have to write out One Million or 1,000,000 whereas Chinese simply write 一百万
I'm just gonna ignore that his father first said: " Is it for me??"
Yeah, I hope he bought one for his dad, from the money he made on this video. :)
I think his Dad was joking
@@C013ain lol
@@jaredtweed7826 Probably, probably not....His son doesn't visit without much notice, so he might be thinking that its a gift rather than something to show off, but who knows
ThisIsJustMe ws
Your fathers reaction was amazing he’s so proud of u
"is this for me?"
My heart broke
I know. It’s even sadder that he’s to cheap to buy his dad one of those
@@M47-k2f you’re right
@@sheikhtamim1178 he made like 49k back soooo
Lmao who's entitled now boomer
@@shalow9158 right.He could buy one for his dad and made another video but he's cheap to Spent money 🤔
Please get one for your dad, youtube paid that anyway.
first comment?
Please treat your dad!
Ok RUclips... i finally watched it.... can you please get this out of my recommendations now
exactly what i thought :-D
When you hover over a video, you can click the three dots and click not interested. But I'm with you.
This must be the hottest new trend, to post a message to RUclips telling them that you watched their recommendation...I've seen this 5 times in the last couple days. You're so cutting edge and trendy...**rolls eyes**
Yeah... except you now clicked on the video which means RUclips thinks you're interested in this content and is now going to recommend more of the same things :)
Also remember to report it for misleading title
your dads reaction is so wholesome
He has made a couple of months worth of payment from this video
You Do understand the middle class folks are paying majority of his payments to his vehicle... right?
@@AwesomeBlackDude I think we all do.
@@AwesomeBlackDude "Don't hate the player, hate the game."
AwesomeBlackDude You probably want a wall around the country that won’t keep out anyone but a stick, and would virtually drive up in cost ice true years killing the middle class unlike EV’s 🙂😂.
AwesomeBlackDude Point is Atleast These Cars work.. and not some stupid military failure, US invasion of broke ass countries, stupid ass walls that don’t work, everything but improve the country.
Technologically amazing feats for $5K - nah, I can do that myself.
$3K to stay in your lane in traffic - oh yeah, definitely.
Hahaha 😂😂
Its 3+5k because you cant have the 5k without the 3k one
$5k for self driving? Too much
Dropping $33k cash outright to buy it, no problem
Steve Hall lmfao you realize that not paying that 5k makes that car completely pointless to own
@@amonGustavo07 yeah, any car that can't drive by itself is completely pointless hahaha
Throughout this whole video, my favorite part was dad’s excitement. It’s so cool to have someone be so happy for you.
same here. made me miss my dad a lot though.
@@jericcarino I hear you
Man, I wish my dad had kind of excitement and positivity about choices I've made
This video will pay for your Tesla
...it very well could! not even kidding
Not even close.
Time will tell but this is great click bait and not bad content
Nate I knew that pfp was familiar and that name! Nice seeing you here :)
Dan Odden tf you mean not even close
I have a lot of things to says about this video. Theme being it’s misleading. First of, the $78 per month only applies to the first year of a six year lease. The payments to this car will ALWAYS be $640/month, even in that first year. What he’s doing is that he’s applying all the rebates and the gas savings and the tax write offs and this and that TO THAT FIRST YEAR, which is entirely arbitrary. Not only he should be applying this to the 6 year contract, but some of the things he’s counting in (like tax write offs) are not specific to Tesla. For example, if I buy a cellphone, I say it costs $1000 and not $1000 - “whatever the tax write off”. You know what I mean. But even if we do all that, here’s what the math really looks like.
$78.39 * 12 = $940.68
$640 * 60 = $38,400
$38,400 + $940.68 = $39,340.68
$39,340.68 / 72 = $546.40
This is how HE should have done the math, even tho it’s still very misleading. Cause remember, the payment is never different than $640 but what he’s doing is taking the potential savings and applying those towards the first 12 payments. Entirely misleading but if he did that to the actual life of the loan, the payment would be $546.40 (adjusted but not actual)
A lot of people already knew that and u spent a lot of time tryna prove your point, next time take that time and make some bank, so you make this guy look broke
What you were supposed to do it’s a video using his video to explain how wrong he is. Make sure it’s more tan 8 minutes length and you will get revenue and because you have to put his name you will get couple of more views as well. More money for you.
This whole dude’s whole channel is misleading. What a snake.
I was thinking exactly the same. Entire video about 72 months loan and he deducts all the rebates for the first year. WTF this is a completely wrong math.
He could even do more interesting video and calculate only first six months and claim that he is actually paid every month to own Tesla
@@tehKettyBear need more details
Put the speed on 1.5x and this dude literally becomes ben shapiro
Preston Jensen lmao spot on!😂
😂😂😂😂
😂😂😂😂
1.25 speed is more like ben i think
That’s actually scary
I like how stoked his dad was. Seems like a cool dude.
My heart felt warm after seeing how happy your dad looked
It was awesome to surprise him like that!
He’s so excited for you that I really wish you had purchased it for him.
He wouldn't do that because he is cheap
@@liongo6693 but he only paid $78 dollars, he could have at least bought 2.
next up:
how i bought a ferrari for $78 a second
😱
The cars are surprisingly affordable used, have fun with the maintenance though, and the insurance.
lol
But ur arse got grapes already...how u repaym
How I bought a 50 million dollar mansion for $78 every ten-thousandth of a second. I guess the old saying of "It's not what you say but how you say it" rings true. Lol
Man things have changed a bit! That self driving is 10,000 dollars now!
Yah I was like wthhhhh
12,000 now
I suppose you paid $3 a month for the MacBook Pro?
TheAfricanPrince lol
😂😂😂
Omg lmao
Lol
TheAfricanPrince. I’d like that
*for the first year
Hey, if the money gets to stay in your pocket for longer, that's a big bonus.
reported for click bait!
Funny how he talks about investing the money instead of paying it up front and he pays up front all that he says he is going to get back, but in reality he is going to get it back almost a year from now, so he loses the interest he would get had he invested them and loses on inflation since his X thousand $ a year from now will not be worth X, but Y in nowadays money and Y will be less than X thanks to the inflation.
*only for California
*if you live in California
Don't waste your time watching. It's still $640 a month.
It's $75 a month for him because he: gets tax credits paid back next year. Lives in California and gets an extra tax credit every other state doesn't get. And had the taxes and interest subtracted because it's a "business" vehicle.
This isn't a car for $78 a month. This is full approve a car with rebates that the average Joe can't afford.
@ nah
The only repeatable credit he has is the depreciation value - which cuts in half after the first year, so that $8200 turns into $4100, and by his own calculations only about 35% of that is returnable as a tax writeoff, so 0.35*4100 = $1435. So his annual payments of $7680 minus the depreciation value of $1435 = $6245 a year. This translates to $520.42 a month after the first year.
So basically this video is saying "Hey! If you put something on a credit card that doesn't charge any interest for the first year, it's free!"
No it’s still $75. (This is due to that being how much he paid)
The title says "How *I* bought", not "How *you* can buy".
I saw another video where he's bashing on a girl that makes 15k a year. This guy grew up in Santa Monica LMAO. Has been well off since birth. Fucking joke
The prices have went up significantly, now 42K starting price. And 12K for full self driving
dad : "is this for me??"
that was sad....
He might've meant it as a joke
@@iKingRPG I feel like it was a joke haha
I mean what will you say to ur dad after that
Um no dad its not
@@Calm_and_relaxing247 lol
I bought a 1997 Toyota Corolla with 98,000 miles for $600 spent $850 fixing it and it runs like a dream. saved around 30,000 in car payment and taxes...thank you Toyota😊
How many miles it had when you bought?
@@gnsarathbabu uhhhhh he clearly stated it had 98,000 miles
@@gnsarathbabu please, buy some glasses
Is it worth your dignity though
Andre Maines is day so he will have better car in future with all the savings
Every time my wife goes shopping, she tells me how much money she saved me by buying something on sale...so why aren't I getting richer?
Bro, I am just laughing. Lol
The only true saving is simply not buying, unless you are forced to buy it. But what can you do
Lol 😂
:D
Clearly not spending enough to get rich yet, just keep upping her limit.
Best way to make income in the markets and profits from trades is by working with a financial advisor this will give you an edge over making mistakes and loosing resources this is why I work with Zach Micah Demers
I looked up his name on Google and was impressed by his resume; I consider myself lucky to have found this comment section.
That's a lot of money you're making. How do you do this on a regular basis? You have to be a trading genius.
You can certainly earn well with a good start-up capital. I take profits every week, and I've made a lot of money investing with Sir Zach Micah Demers, but your results are dependent on your investment capital.
Zach Micah Demers is a very knowledgeable person. I've known him for years, and reading through his qualifications, educational background, and resume is always impressive.-
How can I reach him?
I was happy to see you took the time for your dad. My dad passed away. I'm 53 now. I'm old school when it comes to cars with natural aspirated fuel. Thank you for the vid.
So sorry for your loss :(
@@GrahamStephan
Hear in Jacksonville Florida there are few hub to link up. I live in a condo which I'm trying to get out of to get the garage with a hook up. Can you help me?
@@GrahamStephan than you for being real person!
Buy me one and I'll pay you $78.39 a month until I pay it off.
LMAO
i can pay you $80 per month if you buy me one
Buy me one and I will pay 400 a month
450$ a month get me one lol
@@therealtruckdriver lol
His father’s reaction is so genuine and sweet
Graham I just wanted to let you know that I’ve been watching you for years and you motivated me to finally start my RUclips channel. I kept telling myself that I don’t have time and I finally stopped making excuses and I started. Thank you for the motivation and keep up the good work.
Just subbed brother
@@kevinfuentes2577 thank you! I appreciate it! 😊
Sounds like the math I use to buy more camera gear.
exactly
You can literally rationalize anything
sounds like the kind of math where you get paid to promote a company.
This new lens is $3200 and very niche, won't get much use, but based on 6 years of usage, and the business tax write off, and the fact that it won't depreciate much in value if I take care of, I project that, out of pocket, the lens will have costed me nothing as long as I can get atleast 12 years of usage out of it.
Or how one explains to ones wife to buy more car parts 😂
$78 just for first year my friend,after that $7680 per year and no much for depreciation left
you can't continue to depreciate your car?
Bulgaria Stronk
Or u could sell it and buy a new one and do the same thing
the depreciation would be the same for the next 4 years.
Max Hoderlein I would assume he used MACRS with 200% GDS with half year convention. Resulting in 20% depreciation on the cost of asset. Or 8,000 on the first year. Which even then under bonus depreciation under the first year rule for luxury cars, it would be 18,000 if he chooses this path.
I love how you make sure EVERYTHING you buy is a deal. You go into so much detail it’s amazing. Graham the man!
Thank you so much...oh yeah, I had 3 cars planned out and I ran every number on them for DAYS to see what the final price was of each, after write offs, and which would get me the best value. Tesla won by a landslide.
Graham Stephan Love it! Every move you make is precise keep it up.
This videos ad sense will pay for the last $78 every month plus more
Let me understand what he did. He bought a Tesla so that he can put the burden on tax payers? Did I understand him correctly? All those tax "writes off" means someone is going to be paying for it.
@@Name-jw4sj Yes, him. He actually gets to keep his hard earned money.
You can tell your Dad really loves and is proud of you! That must be a great feeling to have!
Rather than blowing this video off as a click bait video, learn something from it. For instance learn how you can use tax benefits to your advantage when making purchases like this.
Nah, this is how to get the IRS on your ass and how to manipulate the math. The only thing I am learning is how dupe people are.
No it's a Clickbait.
if he wanted to tell us how to get our taxes back he would name it somthing else and only speak about that.
and it would also be easier and shorter video.
But he wanted to get views from that Titel.
90% < of people take standard deduction. Basically Unless you own a business you wont get extra tax savings from this.....
Can somebody explain me? So he's paying 78 dls + 640 of the monthly pay? Something like 718 per month?
It's too late to even get the tax credit. Lol
Correct title: How I bought a Tesla for 78 dollars a month (for the first year of SIX)
Yeah but what about the views? Man gotta make enouth to pay the other 5 years. I don't blame him tbh
@@DarkDevilGaming bruh ain't taking none of my money so he can do whatever he needs.
@@lxDastanxl if you payed if off in one year the payments would be over $3000 per month lol- what you mean?
Yeah its definitely clickbait... I just bought a car for around 40k and I pay around $800 a month. There is no way I could’ve gotten it down under $700 a month with the best credit score.
78 AND 39 CENTS!
Isn't that 78 bucks a month only for the first year???
Also the power of owning your own business...
and claiming you never ever used it for personal use... if you use it for personal use half the time then you're suppose to only deduct half for business, not 100%, and when you sell the car you need to pay tax on that
Adrian Lynn oh didn't know that. Only knew part of it like not claiming 100% of anything. Maybe 70% max unless it truly is more.
The loan interest and depreciation tax write offs would still be effective in year two. In fact, you can depreciate a greater amount of the car in year two than year one. I believe its $16000 in year 2. Once the car is fully depreciated though you gain no benefit... also if you were to sell it at any point after, you'd have yourself a taxable gain on the full amount of the sale due to it being fully depreciated. I am not a tax professional... but this is my limited knowledge of this kinda stuff from having my own business and buying cars through it to gain similar tax advantages.
@@johnokeefe2471 i think he took all the writeoffs and credits, subtracted that from the price he paid for the car then divided it by the number of payments of the loan...and got $73. but this guy must have really good credit score to get approved. i wouldnt qualify lol
Just watching Rich Rebuilds on how people buying the Model 3 and because of how so many people want it that it's being resold at price or higher of the original
Not sure how long that will last but it's it ends up being like a Elise then he might really win
ruclips.net/video/byF5agx3Qz4/видео.html
Proud Dad getting into the car is priceless 🤟🏼
So you mean to tell me you were watching a video of mine and opened up another tab.................. I am certainly in my feelings about this.... but since you actually bought a M3 you are my hero and I am very happy :)) Beautiful car and so minimalistic on the inside. Love it! You are da man! Have a great day
If Jeremy gets 100 likes on this comment he has to buy the Tesla Roadster.
Too bad he didn’t buy an....M3. LOL
@@GrahamStephan #67 to 100 :-D Go Go Gadget!
Done
Financial - I'm Balding - Education stopping by :))
Your dad seems like a cool guy. Stereotypical California man, love how excited he got.
he is!! haha
This guy will pay $640 a month for the 5 years left on the loan after the first year passes... Clickbait-
John Davis he still paying $78 for that first year tho at least
@CAPTAIN DABBIN but if he saves enough gas in a year, the monthly costs could still stay close to nothing for him. (personnally i dont burn 600$ in gaz a month, only maybe 120.) someone who drives a lot could benefit from an electric car, if they can accept the limitations of it. say driving 1000 miles a week on average, with 35mpg, it will end up costing the same in gas, so why not
@@lookatyourpastside4714 so? He could have applied all discounts and rebates to only one month and claimed that he was being paid to drive a brand new tesla lol- it's bullshit- he needs to spread all the rebates out over all payments and then that's what he paid per month...
John Davis Bruh he made like $80k on this video alone. The Tesla is paid
Mark M you know nothing about youtube CPMs lol
Success usually comes to those who are too busy looking for it. If you want a tesla, you don’t need to be rich to get one.
Very true.
“A lemur”
Bro I recognize Zoboomafoo when I see him
Best show ever.
LOL love that show
omg was that zaboomafo
is everyone just going to ignore the LIGMA license plate ?
angelina n i absolutely loved that
We aren’t ignoring it, it was shown by him.
Whats ligma?
Pranjal Sharma ligma balls *drop mic*
Mario Palacios goddamit not again
11:58 I wish my dad was that supportive on my life decisions.
I wish he was supportive of ANY of my life decisions.
My Asian parents make me want to kill myself.
mine doesnt even know where I live/work/study
I'm thankful that my dad is not stupid as him
Yeah because he thought the Tesla was for him haha
Year-over-year inflation stood at 6.5% in December 2022-the lowest that figure has been in more than a year. Inflation was in line with what economists expected and gave many of them a reason to believe that the peak of inflation may be behind us. I have approximately $150k stagnant in my port_folio that needs growth. What is the best way to take advantage of this downturn?
Now we wait for the Tesla Credit Card
5% off supercharging
No Apple card!!!
@Graham Stephan That'd be sweet if it was like that
Get a tesla credit/debit card for a downpayment on their tesla x or s. And a free consultant from the solar company. There you go elon.
..., and the lawsuit to follow
Not entirely accurate. You wouldn't actually qualify for the California rebate due to income limits.
That's correct. California USED to give $2,500 to everyone (I know because I'm on my third Tesla), but now there's a means test and you're almost certainly not qualified for the California rebate.
@@jdestremps What happened to the first two?...
6:32 PM
4/6/2019
@@happyjohn1656 most likely trade-in because tesla is pretty good with touching base with their clients and offering trade in promos and such.
Well he did get the model 3 and not the S so 🤷🏾♀️🤣
Ok, so you say it is 78$, forgetting to mention that this is only in first year. Then for last 5 years this is still 640$/month minus minor tax saving (just because this is bought for your business). Props for the Graham Score, but your math and title are just wrong and delusional. In total you are looking at average around 546$/month during 6y (72month) payment time minus tax saving that not a lot of us get. Show full picture or don't show it at all.
In the west we put the currency symbol before the number.
e.g. $546
@@IAmSoMuchBetterThanYou who cares... get a life
@@IAmSoMuchBetterThanYou you mean in murrica?
@Steve Pringle Not in every country, in some buying and selling often is considered business and requires extra taxes.
@Steve Pringle interestingly enough if your plan is to sell the car after a year you can then start a "used car" business and you have an explicit reason for the business writeoff and depreciation even if you don't have another business to put it under.
Tesla does not get a full federal rebate, right?
@Graham Stephan and negotiate me a special discount then;)
@Pinned_byDani Edson will he suq madiq?
The way you were like "This is the 2019 Tesla model 3"like Doug DeMuro, and "Graham score"!! 😂😂
haha thanks!
5/10 Doug impersonation, no back seat review
I was hoping for a graham score, the tesla should get a 10/10 in value for a $70 payment.
You can tell he watches him alot though the way he was flailing his arms around 😂😂 edited cause i was lmao
I just love how your fathers reaction. It's just priceless and the joy and happiness reflected so genuinely. Just buy him 1 and make his day. To see him in such joy is just priceless.
6:36 that Doug Demuro shoutout
But Graham was only wearing 1 t-shirt! Needs a bigger white one underneath the smaller outer one. :)
facts
Seriously, I went from "This sounds really familiar... to laughing with the ' score' punchline"
With these basic specs , he should’ve gone to autotrader
The ending with his father was incredibly wholesome!
Love it!
Graham: teaches you how to save your money
Also Graham: buys a Tesla because he feels like it
Dude is making 150k a month on RUclips alone and his Tesla's videos actually make him more money than the car cost him so, he got it sorted 👍
As he mentioned in the video, this model ends up being much more affordable then buying a 32k luxury car though so in a way this is teaching you how to save. Obviously though, as Dave Ramsey says if you're not a millionaire you shouldn't be buying brand new luxury cars and put yourself in debt but if you are wealthy this is economical.
@@daisigner it all was planned, the Tesla is essentially free now if you think about it.
clicks likes, subs and his rented fake mansion.....all the same nonsense OVER AND OVER by little kids
The tesla costs 78 per month...
But your father's reaction was priceless!
haha it was!
For everything else there's the Apple Card?
Awww dude seeing your dad get all excited about the car was heartwarming. You should feature him more often
thank you so much!!
Get him one!
this man speaks in fluent clearness
How a business bought a Tesla for $78 per Month for the first year and then $640 per month for the next 5 years.
Not to mention that a sizable chunk of the discount is due to it being a "business car." Most people can't legally write that off and frankly I think it's probably questionable if he can as a true business car like that is only to be used for business no personal use.
@@AndrewWellsPlus rule of thumb is 80/20 business:personal use, but cars are generally fine for business tax write-offs
@@AndrewWellsPlus You actually can...if you start a business and use it for business purposes. But you won't because you'd rather stay an employee where you get safe reliable income.
@@AndrewWellsPlus Sign up as an Uber driver. Purchase car. Drive Uber 1 night a week, make some extra cash & boom it is also now a business write-off.
@jeff kittleson RUclips is in fact a business and so you absolutely can. Even if it didn't count it's based on percentage of use. A single personal trip isn't going to get the IRS on you
How to get car 4 cheap: Post clickbait video, pay car from RUclips money.
1 million views averages at about 100000 USD...
the devil himself no it doesn’t..
@@exiled_to_elba 1m views is roughly $3000 USD....
Plus the referral link. RUclips works like a charm!
@@thephoenixstudio It really depends on the viewer demographic. For graham it's about $9-10k USD. So that times 4.4 would roughly be his earnings from this video
He looks Like a bad drawing of Elon musk
I was about to say that xD
He looks like he's put a face filter of Elon Musk on 😂
@@rosebellamy4780 you ruined the joke.
babes
Everyone liked this
Your dad is super proud of you that's evident! Happy for you-and your dad for that matter!!
I vote that Graham do a collab with Demuro.
Doug Demuro House Tour!
I honestly also want to add, your father seems like a real upstanding guy. Very very heartwarming.
Graham you seriously should because Doug is reviewing houses now!
Why is the music so sad Graham!?!? 😅
Right LOL
@osamui The first song is Erik Satie's Gymnopedie No. 1. Though it's only 3 minutes so I'm sure he flipped between Gymnopedies and Gnossiennes throughout the video.
It's not sad, it's "ambient"
ik
IKR
A whole video of justifying the purchase to himself haha. It’s the kind of inner monologue I have whenever I make an impulse purchase 😂
¯\_(ツ)_/¯
Lolol right.
No, he's doing what rich people used to do with home-buying - even if they have the cash to buy the house, they get a mortgage instead and invest the money, then they use the dividends or interest they get from their investment to make the monthly payments on the mortage - and they end up with a free house. That's how the rich stay rich.
James Hogg why. U higggghf
This is the same inner conflict I have when deciding whether or not to get Guac at Chipotle #BigMoves
The amount of time we spend believing we can't is more than enough time to learn how you can.
- my Brain
Stock's are crashing, Bitcoin Investment right now will be at every wise individual list in a month you we be ecstatic with the decision you make today
People are ignorant of the profitability in bitcoin Investment and that had been their major issues limiting their Investment
I love the fact that lucy Griffin she so honest and she keep to her world..
Who's this professional Expert Lucy Griffin everyone talking about
I see a lot of people talking so good about Lucy Griffin
Your dad’s excitement for you is so sweet.
pls more content of your dads reactions
Dad reacts to INDEX FUND INVESTING FOR BEGINNERS 101
Next video. "How I bought a Lamborghini using ad revenue from my Model 3 video".
:o
why are you so fckking jelaous, get a life
You mean "How I bought a Lamborghini for $78 a month"?
bahaaaaaa thats gold 😂😂😂😂
Lmao
I loved that you showed us your dad‘s reaction when you surprised him. He was so happy for you. It almost made me cry.
I wasn't even planning on buying a Tesla.
Also: I was planning on paying cash to buy a Tesla.
He also said, he purchased multiple cars before in the beginning, then when the car arrived he said he's now a car owner for the first time.
@@attisbarros5546 Actually, he said that it was the first day owning the car, not any car.
evo1video no he means, when i saw the price was 33k i thought i will buy it cash but when he saw it would be better to take teslas deal and buy it that way.
@@Simlife101I know what he meant. It was just a joke lol.
"Is this for me?!?" Lol your dad is adorable.
rip
His dad more excited then he is
I feel like the dad thinks it was his
It would had been hard to say no lol
Did he just buy a car for content.... I’m too broke to even watch this 🙄😩
If you are too broke then you need a "PROTECTION DOG" to keep from getting robbed.
see ruclips.net/video/Z3oF-r9cUmE/видео.html
@@wallybutler3287 lmao what
your very beautiful to me
He actually made $32k from this video...
he bought the car, neglected some extra costs after the first year, and is now using the money from this video to help pay for the thing
I like your Father's Reaction , He really loves you and he was a Car fan 😍
It so refreshing to know that Im not the only psycho specing out cars I don't intend on buying
Bruh I also want my dad to say to me "this is one of the best choices you've ever made."
same
The only thing i want
😂😂😂
Tax accountant here, here's what you need to know:
1. The rebates are a one time rebate so the monthly cost is only for the first year. Plus rebates are now entirely over with for Teslas.
2. Depreciation is wrong, it's actually much higher in the first year than $8,200.
3. This is assuming 100% business use so you'll need the documentation to prove you never drove this for personal reasons if you're ever audited
Thank you! seriously I know this guy makes a lot of money but many of his videos are bs, he inflated his number or had many misinformation
your right and after yrs the dealer will trade in gor aproc 7-8k if its still great condition and he will lose negative equirt of around 22000 buckks depreviation on day 1 is 22 percent and 7-9 percent every year after and the write off only pays him back around 6 percent of write off first year ,its not free money from the irs . if you write off 14k hell only get 2k back tops and around 700 bucks off his taxes for the first year only .and he paid too much for a small car anyway
How can you guys tell when you don't use it for business? You can always lie, it's not like they are monitoring you.
@@josueamparo1677 For the most part if you have the proper documentation BEFORE the IRS asks for it under an audit then they don't question it further. Handling an audit and avoiding certain audit flags on the tax return is something a lot of small business CPA's don't think about.
Rebates are not over. In California you can get up to a $7,000 rebate thru CVRP
6:36 nice reference for the car enthusiasts out there
I love the way he approaches his purchases. Need a savvy accountant that walks me through my purchases or he can come along with me when I am making my big boy purchases. But yea, this definitely works out to being around $550 for his 72 month lease. $78.39 per month for the first year only. after that, the calculations change.
Is okayy after 12 months used, just sell it again
@@hudzaifahzaidabdurrahman303 dumbass leases dont work like that 😍🤡 still gonna have to take care of them payments one way or the other unless you can sell it outright for more than you owe. nobody in their right mind buys a used lithium battery 😭
I just LOVE how excited the Dad was. As a parent myself, it warms my heart...
You should give it to your dad and buy another one.
Could you come be apart of my family. I've learned alot from this channel and Im also trying to make things possible. It would be great if you would check out some of my creations I made. Click my thumbnail to access my channel.
ikr it's only $78 per month, why not?
he can claim giving it to his dad is a business expense because his business is making youtube videos and giving his dad a tesla on youtube is part of the content he is creating @_@
Honestly you showing your dad was my favorite part.
The math is a little off - your business is writing off $14,075, you project a $4,925 savings, this resolves to a 35% tax rate. Under Trump (effective Jan 1st 2018), this was reduced to 21%.. the good news is you're taxed less on your overall income, but your effective tax rate drops to 21%. So you'll receive $2955.75 in tax savings.. not $4,925.
Therefore: Net Cost ($5867.01) - Tax Savings ($2955.75) = $2911.26.
You'll be paying $242/mo in the first year.
The real twist is.. what about subsequent years? No CA EV rebate.. no Federal Tax Credit.. no taxes/registration..
So your monthly payments are $7,680
No taxes to deduct (let's say $300 for registration)
Total: $7,380
Your write offs will drop to just Loan Interest ($1,438 for simplicity, it will be less due to amortization) and Tax Depreciation ($8,200)
So write offs = $9,638 (at 21%) = $2023
$7,380 - $2023 = $5,357,
You'll be paying $446/mo for the next 5 years (since you took out a 72 month loan)
(Folks still should recognize, without the fancy tax stuff, this is a $615/mo car payment out of your checking account over 6 years)
Still.. this is an incredible car, incredible price, and Reuters recently pointed out drivers will spend less per mile compared to a Toyota Camry *by the 3rd year of ownership*.
where can i learn about all these tax laws and regulations.
@@TheMwowner1 Pearson's Federal Taxation 2019 Individuals Textbook
Thank you for this comment. People like you make my heart happy.
nice
Got em
I love the turnaround from criticizing Tesla for their discount logic and the using that same math to create your clickbait title 😂
I know! This guy is a fucking toolbag
But he ain’t the sharpest toolbag in the shed
Came here to say exactly this...
invest in things that give you tax credits.
Nina Maldonado making babies it is
This car is fueled with Avocado OIL.
How'd you know?!
$78 per month for the car payment, $15,000 per month for fuel costs @ $150 per litre...
No u
@@mild546 its eletric car