Can you (comfortably) afford a Tesla Model S 2024 Sedan
Deciding which vehicle to purchase is among the biggest financial decisions that many people make. A Tesla Model S can be an excellent choice for those who can afford it. Taking into account the long term costs of a loan agreement can make it difficult to know how much income is required to comfortably afford a Model S. Our calculator makes it easy to see the total costs of ownership.
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Starting Price Configuration
You'd need a 4-year income of at least…
$170,691.69/yr or $14,224.31/mo
to comfortably afford a Tesla Model S given a 20% down payment, financing $59,992.00 at a 6.49% rate.
Your costs after 4 years:
| Financing | $68,276.68 |
| Down payment | $14,998.00 |
| Total costs | $83,274.68 |
| Yearly | $17,069.17 |
| Monthly | $1,422.43 |
| One-time | $14,998.00 |
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Vehicle Price
The current full price of this vehicle without incentives.
Down payment
$14,998.00
Length of finance
48 months
Interest Rate
The finance rate for the loan.