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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?
Eric Schad · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
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. View full answer
- Gregory R.
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Jerry partners with more than 50 insurance companies, but our content is independently researched, written, and fact-checked by our team of editors and agents. We aren’t paid for reviews or other content.
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