TeslaPassivePaymentCalc
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=User input
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Car price $ 96,770.00
Electric vs. gas savings:
gas $ 1,575.00 Actual 2013 gas costs
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Downpayment20%= $ 19,354.00 oil changes $ 915.00 Actual 2013 service costs
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Resale Value of Old Car= $ 15,500.00
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Years to save downpayment
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Monthly save needed $ 537.61
Tesla Yearly Service
$ -
was $600/year. Tesla annouced this is now included in car price.
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Weekly save needed $ 134.40
Yearly electricty cost
$ (326.00)
based on $5 per 230 miles @ 15,000 miles per year
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Yearly savings: $ 2,164.00
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Monthly savings: $ 180.33
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Tax credits
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Federal $ 7,500.00
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State $ 4,800.00
Reduced licensing fees over 5 years
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State $ 75.00
Home charger installation credit
Investment needed to cover monthly payment
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rate of return9%
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Investment Amount
$94,571.42
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Length loan (months)75
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interest rate2.34%
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principal $ 49,541.00
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Total needed for purchase
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Monthly payment$709.29
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w/monthly payment
$ 19,354.00
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w/no payment $ 113,925.42
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