How I bought a Tesla for $78 Per Month

  • Published on Apr 3, 2019
  • I just bought the new 2019 Tesla Model 3 - here’s why it was only $78.39 per month. Enjoy! Add me on Instagram: GPStephan
    Tesla Referral Link: Get 1000 Miles Free Supercharging:
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    So how does a $40,000 car come down to a price of $29,450?
    To start, this car is eligible for a $3750 federal tax credit until June 30th, 2019. This means if you pay more than $3750 in federal taxes, you will receive this entire amount back at the time you file your tax return. That money is as good as cash.
    California drivers are also eligible for a $2500 Electric Vehicle Rebate, in which the state will mail you a check for $2500 upon showing proof of purchase.
    Now Tesla gets a little sneaky after this…because in that $29,450 figure, Tesla also

    So excluding the gas savings and only focusing on the first two, cash-value rebates, the ACTUAL price of the car comes to $33,750. For a brand new Tesla. Standard Range Plus. With AutoPilot.
    So here’s how I bought this car for $78.39 per month:
    Because I financed 100% of the car, my ONLY out of pocket cost was the taxes, license, and registration - which came to $4437.01
    From the remaining amount I financed, my payment comes to $640 per month, or $7680 in the first year.
    That means, in the first year, my total out of pocket cost is $12,117.01 between my payments, taxes, insurance, etc.
    However, after the rebates and tax credits, that brings my TOTAL cost of owning this car for the first year down to $5867.01.
    Because this car is for business use, the $1438 I pay in interest on the auto loan is a tax write off, the $4437 in taxes, licensing, and registration I paid upfront is a write off, and I can depreciate the car against my income. That’s a $14,075 tax write off…which saves me roughly about $4,926.25 in taxes.
    So remember…my total out of pocket cost was $5867.01 after electric vehicle tax incentives. PLUS I save $4926.25 in taxes…that means I’m effectively buying a BRAND new Tesla Model 3 for $78.39 per month out of pocket…and realistically, this works out to be a FREE car when you take into account that MOST of that $640 per month loan payment goes towards principle, and that I can invest my money in real estate at a significantly higher return than what I’m paying in interest on the Tesla. But in terms of out of pocket cost: $78.39 per month.
    And after going through the experience buying a Tesla like this, completely sight unseen, without ever having driven one before, I have to say…I don’t understand the concern of Tesla’s no-dealership model. Personally, I think the entire worry is overblown - and I think we’ll start to see a lot MORE car companies embracing this online-only business model.
    We’re naturally entering an era where everything is done online. I haven’t been to a mall or physical store in FOREVER because it’s more convenient to buy it online, and USUALLY for a more competitive price because online stores have lower overhead, and that savings is passed down to the customer.
    And for that, I have to give Tesla credit for being the first to really challenge the traditional business model of selling cars.
    For business or one-on-one real estate investing/real estate agent consulting inquiries, you can reach me at
    My ENTIRE Camera and Recording Equipment:

Comments • 15 116

  • Bubo
    Bubo 2 hours ago

    His voice and the choice of music sounds like the kind of videos where you get bored on RU-clip and come across a scary historical video lol.

  • Your Boy Cris
    Your Boy Cris 3 hours ago

    I loved your dad's reaction. The best part of the video.

  • Wil Jr
    Wil Jr 3 hours ago

    Hey man, congrats for your new Tesla, it’s beautiful!
    Thanks for sharing your knowledge and experience, it’s always good to learn.
    All the best

  • Riva Jernigan
    Riva Jernigan 4 hours ago

    I love your MATH; I NEED to learn how to Roll like you. ;)

  • mohammed fallatah
    mohammed fallatah 5 hours ago

    Can you explain in detail how to finance items you want to buy

  • Lauren Elizabeth
    Lauren Elizabeth 6 hours ago

    Your Dad is awesome. "Graham, this is one of the best decisions you've ever made." Lol. He's great.

  • boken168
    boken168 13 hours ago

    I pay you $88.39 per month, buy one for me, till the end of payment, you keep $10 profit, good deal for you,bro👍

  • keyokei
    keyokei 13 hours ago

    is it me or does he look like elon musk?

  • Phantorang
    Phantorang 13 hours ago

    This guy just talks and talks without saying much, boring. I watched 4 minutes before I realized how much of a click bait this is.

  • Sergio Romero Glen
    Sergio Romero Glen 14 hours ago +1

    I got my Tesla in 2 exact weeks here in Vancouver BC

  • BestUberDriver InTown
    BestUberDriver InTown 16 hours ago


  • greg crocker
    greg crocker 16 hours ago

    ya you get the write off but your spending the extra 8000 dollars and the car is depreciating so your loosing money

  • Jab 2 Win Finance
    Jab 2 Win Finance 18 hours ago

    You kill me with your ‘debt-leveraging’ practices, but obviously doing something right. Lol. Pops reaction to first ride says it all on the car... I want one even more after that. Starting my savings account now. Account # TSLA;) Buy!

  • zachary zathros Parnassus

    lmao he talks about bait and switch and does the same thing with click-baiting lol

  • El Hombre Mo
    El Hombre Mo 21 hour ago

    You do know that, at 78/mo it will take 40 years to pay off $35,000.

  • Dragon
    Dragon 22 hours ago

    Doug domero

  • Neil Kadakia
    Neil Kadakia 23 hours ago +1


    • Neil Kadakia
      Neil Kadakia 23 hours ago +1

      +Graham Stephan , this was such clickbait it's not even funny. It's not $78.39 a month. Quit trying to get referrals and free RU-clip clicks. Lost faith in your videos after this one.

    • Graham Stephan
      Graham Stephan  23 hours ago


  • OfficialMichellemarie 26

    If white interior gets dirtier easily why is that trim more expensive than darker colors? Shouldnt darker colors be more expensive? I never understood that

    • Graham Stephan
      Graham Stephan  Day ago

      It was my mistake believing the white gets dirtier. The Tesla white is pretty durable.

  • Jthomas Annillo
    Jthomas Annillo Day ago

    So 78$ for the first year then you just continue to write off your interest and depreciation?

  • urbansproutfarms

    Ordered one!

    • Graham Stephan
      Graham Stephan  Day ago

      Congrats!!! You’ll LOVE it! And makes sense, the majority of Americans have financial difficulty - so it makes sense that if we get a wide enough audience, most people won’t take the time to understand how it works.

    • urbansproutfarms
      urbansproutfarms Day ago

      Dayum people really don’t do their own research! They would rather waste time commenting on your channel.

  • Cory Samoila
    Cory Samoila Day ago +1

    You've reinstalled my motivation bro. Just binged watch your channel, inspiring.
    Not trying to spam your vids bro.
    Thank you for the hindsight or insightful advice and thank you for being you.
    Subscribe and let's end poverty on Earth by using RU-clip?

    • Graham Stephan
      Graham Stephan  Day ago


    • Cory Samoila
      Cory Samoila Day ago

      People put my dream and myself into a depression, I let them, but you are the prism that my last stream of light found.

    • Cory Samoila
      Cory Samoila Day ago

      Check out my original channel,
      We must build Earth Embassies that help heal our life on Earth.
      To give care is to truly love.
      We are all Earthlingz.

      That's my angle, to make content about how we can build places for those who are caught up in a whirlwind of confusion.

    • Cory Samoila
      Cory Samoila Day ago

      I am definitely getting you a lobster.

    • Cory Samoila
      Cory Samoila Day ago

      Money is the tool used to divide and conquer.
      Suffering from malnutrition due to status quo or class warfare would not exist if money truly cared about life.

  • Sene bobo
    Sene bobo Day ago


  • Ted Heard
    Ted Heard Day ago

    $640 a month, well done jackass, BLOCKED

    H KARIM Day ago

    I heard you don’t own the battery when buying the model 3

  • Preferred Customer

    Do they give you a discount for the dog ugly rims?

  • Cool Blind Tech
    Cool Blind Tech Day ago +1

    How I got a Tesla click bait video for free!
    At first I searched four videos on RU-clip to fight climate control.
    Secondly, I came across a Tesla video that gave hope to people who weren’t rich to purchase a Tesla.
    Thirdly, I clicked on this clickbait video deceiving me to watch it into believing that we can afford a Tesla breaking our hopes and dreams on improving the world to be a better place.

  • Jason Galaxy
    Jason Galaxy Day ago

    Cheap crappy car = cheap payments wha la!!!

  • P Mag
    P Mag Day ago

    Next video how I got rich tricking people on RU-clip and tricking people doing real estate and everything else

  • Gregg Walmsley
    Gregg Walmsley Day ago

    3.75% is a good rate? Now, I don't feel so bad getting 2.74% on my Cruze for 72 and 3.74% for 72 on my Stingray. I did pretty good.

    • Gregg Walmsley
      Gregg Walmsley Day ago

      Graham Stephan nice! Thanks. 👍👍 subscribed. Watched 3 videos, now. I’ll have to binge watch, over the next few weeks. TBH. I’m pretty sure I was one of the ones that saw the $10,000,000 card video.

    • Graham Stephan
      Graham Stephan  Day ago +1

      Yeah it was good!

  • Jayden Dao
    Jayden Dao Day ago +1

    I came from the Jubilee video.

  • Scott Staggs
    Scott Staggs Day ago


  • ratchetthegamer
    ratchetthegamer Day ago +1

    well, this doesn't work for a muslim, because interest isn't an option for us

  • Tom Burke
    Tom Burke Day ago

    3,801,489 views, tell us how much this video made you? I watch many videos in youtube and do follow you too, but let's be honest, I must say this video was a Ponzi scheme we paid for your Tesla by watching this video!

    • Tom Burke
      Tom Burke Day ago

      +Graham Stephan But my complaint was due to the fact, that your title says $78 per month! So everyone thought there is a way! But there wasn't they way you calculated it due to tax deductions and etc it just seemed that way. I hope you understand what I mean. I like you and you are very Inspiring person. But keep it clean and honest.

    • Graham Stephan
      Graham Stephan  Day ago +1

      I have no control how many views a video gets, I could've made this and have it capped off at 30k views.

  • Gustav Soodek
    Gustav Soodek Day ago

    You are clickbait.

  • Mohamed Abdi
    Mohamed Abdi Day ago

    This must be the worst sale pitch ever!!!!

  • Alex B.
    Alex B. Day ago

    Why didn't you tell us Christopher Walken just hopped in your car?

  • Jake Salata
    Jake Salata Day ago


  • Cassette Walkman

    Love the black on black. Looks gorgeous plus every day you go out to it you can say to yourself "I paid less for that. Win."

  • aram
    aram Day ago

    Can you teach me how to do what you’re doing, I want to achieve my dreams. I just need a mentor or a chance to prove myself.

  • Inzee
    Inzee Day ago

    Can I pay you $100 per month until it pays off and you keep the profit of ~$22 from me?

  • Mic Ty
    Mic Ty Day ago

    Jump to 08:50 to see his erroneous calculation which assumes recurring tax credit (nope), tax deductions etc.

  • Nick Panelli
    Nick Panelli Day ago

    While the video does explain how you can effectively afford a Tesla for $78 monthly, it fails to mention section 1245 depreciation recapture when the business asset is sold. Assuming he depreciates the asset to zero, the basis becomes 0. The asset most likely will have value at sale and can be sold for hypothetically $20,000. Whatever the gain of sale is... all ordinary income. Good analysis for business use but difficult for the average individual who does not have a business purpose. Additionally, can be tough if its a small business to come up with cash to pay the recapture income.

  • Amirzhaf Azizi
    Amirzhaf Azizi 2 days ago

    at 12:51 is the best part

  • BIG Wayne Gee
    BIG Wayne Gee 2 days ago

    pay me $78 a month to drive one of those POS bonfires on wheels

  • Ryan Dimal
    Ryan Dimal 2 days ago

    so what's insurance like one it?

    • Graham Stephan
      Graham Stephan  2 days ago

      Pretty reasonable! About $150/mo full coverage!

  • Tik075
    Tik075 2 days ago

    Best part is dad's reaction!

  • SMPTEColorBars
    SMPTEColorBars 2 days ago

    Your dad's reaction is everything! Love it!

  • Dante P
    Dante P 2 days ago

    Of course you have an apple computer

  • M P
    M P 2 days ago

    Eric Satie - Gymnpedies 1...

  • mightbegenius
    mightbegenius 2 days ago

    fucking douche bag left it till the end of the video that he's paying 600/month but he considers it less with the tax rebates

  • Felipe de Oliveira
    Felipe de Oliveira 2 days ago

    your dad's reaction made the entire thing worth it, even more than the savings!

  • Felipe de Oliveira
    Felipe de Oliveira 2 days ago

    Graham the type of guy to drop a Doug de Muro style review in the middle of a video and not get Doug the type of guy comments.

  • Marcel Sipos
    Marcel Sipos 2 days ago

    I'm gonna get the Tesla model 3 this year then

    • Marcel Sipos
      Marcel Sipos Day ago

      It’ll be easier to buy the model 3 if you could help me out with my real estate business ;)

    • Graham Stephan
      Graham Stephan  2 days ago +1


  • 2yan Gaming
    2yan Gaming 2 days ago

    Tesla does have a dealership, there Is one next to a Ferrari dealership where I live

  • Kaloyan
    Kaloyan 2 days ago

    Seriously though, aren't the electric car government subsidies a one time thing? Or can they apply every year of your 6 year plan?

  • Cortney Holt
    Cortney Holt 2 days ago

    WOW you are so lost in this world! look and talk like you have everything but you are poor miserable and wretchid without the salvation you so desperately need!

  • Luke the Duke
    Luke the Duke 2 days ago

    I feel a recession is coming. When you have people that look like there 24 buying $50,000 + Tesla’s it’s a problem.
    I’m going to buy some put options mainly in the financial sector. Maybe Tesla.

    • Luke the Duke
      Luke the Duke 2 days ago

      Graham Stephan No it’s not how much you make, it’s how consistently you make it. That’s why every application asks how long you’ve been employed for?

    • Graham Stephan
      Graham Stephan  2 days ago

      It’s not about how old you look, it’s about how much you make.

  • Richard Wilfong
    Richard Wilfong 2 days ago

    Ugg why did I waste my time?

  • Valentino Rossy
    Valentino Rossy 2 days ago

    Its very good deal Gram, people who dont understand about tax break would say its click bait video lol. But, Gram is well financial educated. Smart Boi👌

  • runeplate123
    runeplate123 2 days ago +1

    When you try to sound smart and think we are dumb enough to fall for clickbait

  • IVAO04ify
    IVAO04ify 2 days ago

    I work and save money so I can get any car for 78.00 a month because I don't put 10% down; I also don't sell vehicles every few years so the age old argument of "You're wasting money" doesn't apply. Save your damn cash. Get a daily and save your cash. Get the car you want because you saved for it. Or pay stupid high prices, I mean banks love people like that, they hate people like me because they don't make interest off me, I just out right buy it. Got one of those liberal arts degrees? Sucks to be you.

  • Snicker Doodle
    Snicker Doodle 2 days ago

    Another con trying to lure u into their own agenda to get them money

    • Graham Stephan
      Graham Stephan  2 days ago

      What agenda? I don’t care if people but a Tesla or not. I just talk about my own experience.

  • halfpint614
    halfpint614 2 days ago

    These are the most junk cars ever built.

    STORM RIDER 2 days ago

    This is what you call wishful thinking haha! No matter what number you calculate that you pay in your head, the bank still takes out 600+ per month for the next 72 months. This is why I don’t window shop, because I’m an impulse buyer. But I admit it

  • Money Talks
    Money Talks 2 days ago


  • ex0r
    ex0r 2 days ago

    Guys, he opened a second tab. See this watch? When I bought this watch, I had three, maybe four tabs open. I'm going to show YOU, the secret to multi-tab success on the intertabs.

  • neander hathal
    neander hathal 2 days ago

    Don’t watch this video. It’s a lie just to get more views

    • Graham Stephan
      Graham Stephan  2 days ago

      no it's not - research how tax write offs work :)

  • Zeny
    Zeny 3 days ago

    Cancer video. Thanks youtube for recommending me this for some fucking reason

  • Whis
    Whis 3 days ago

    Your dad's reaction made the video! :D

  • Alex Nava
    Alex Nava 3 days ago

    Its sad he thought it was for him...u made seem like it was

  • tong po
    tong po 3 days ago

    the title should read how i got 3.7 mil views for posting how i bought a tesla for $78 a month

  • SaucyDanny
    SaucyDanny 3 days ago

    Wait, I’ve seen you on Middle Ground

  • Andrew Phillips
    Andrew Phillips 3 days ago

    Pulling a Doug are ya graham

  • Japes Fornyay
    Japes Fornyay 3 days ago

    CORRECTION... How YOU bought ME a Tesla for 78$ per month

  • Jude Sonnier
    Jude Sonnier 3 days ago

    I saw you on jubilee

  • childish kid
    childish kid 3 days ago

    Cheap and can customize but in Malaysia, there are cheap car but cannot customize.

  • Hamza Ozcali
    Hamza Ozcali 3 days ago

    6:30. At doug demiro

  • garfieldt
    garfieldt 3 days ago

    You say you can write off the tax since you use it for official business purposes. The you show up at your dad and you hear him say, "is this for me?". Nice present, but clearly not a "business car"

    • garfieldt
      garfieldt 3 days ago

      +Graham Stephan yes, i realize. But gifting it away doesn't constitute continued business purpose usage. The regulation might be different in the US, in that case, I am clearly wrong.

    • Graham Stephan
      Graham Stephan  3 days ago

      You realize that part of my business includes making RU-clip videos, right? Which I clearly did?

  • Day Trading Free Lessons Beginner to Pro

    congrats on making $100k but this is just click bait, It's polite click bait but still click bait, its works for your particular and usually over the top situation but thats all. It's like putting a title "How to climb Mnt. Everest in your Shorts" sure if you can control your body temp like the ice man. I find most your videos the same, kind of a let down, once the real facts are revealed it's something I already know.

  • Tahoe Tom
    Tahoe Tom 3 days ago

    Does every tesla come with a buttplug?

  • Vaibhav Saxena
    Vaibhav Saxena 3 days ago

    😂i wish you focused on 39 cents in title as well

  • Adam MidCal
    Adam MidCal 3 days ago

    How i bought s car for $0 month. Busted ass and saved up $10k in 2 months and bought a 68 Mustang paid in full.

  • ReX
    ReX 3 days ago

    Just for everyones info. For a small chump making under 40K a year in a small southern shithole state who USUALLY gets back a small refund, the 7500 or 3500 tax credit is nothing, it's not even to be considered "savings" for you, it's not a refundable credit. It would just reduce your tax liability IF you OWE taxes. Hope this helps.

  • NorCal Luxury
    NorCal Luxury 3 days ago

    I just ordered a Tesla Model Y for Dec 2020 delivery. Deep Blue exterior with black leather interior and silver rims. $2500 deposit. Can't wait.

  • Ian McIntosh
    Ian McIntosh 3 days ago

    Get rid of that ugly chrome around the windows

    • Graham Stephan
      Graham Stephan  3 days ago

      I did!

  • Noah Hoogendoorn
    Noah Hoogendoorn 3 days ago

    Why you so negative?

  • Joe Z
    Joe Z 3 days ago

    Little bit of click bait but still a good point

  • 99codemister
    99codemister 3 days ago

    Sorry, but that is not a good interest rate. My wife car is finance at 2.9%, financed in December 2016. I know for a fact you have a better credit rating than myself and likely a lower debt-to-income ratio as well.

    There are car advertisements on broadcast television today in May 2019 for 0.9% APR. Granted, that is for extremely well qualified buyers on a one year term, but still, that rate is being advertised.

    I suppose you are writing off the interest anyway, so who cares?

  • João Mendonça
    João Mendonça 3 days ago

    Out of character to stop by your family?

  • Aarijhashmi
    Aarijhashmi 3 days ago

    8:50 thank me later

  • Sen pai
    Sen pai 3 days ago

    your dad looks cool AF

  • garilasprouts
    garilasprouts 3 days ago

    I wish you would have let us see more of your dads reactions. Great Video.

    • Graham Stephan
      Graham Stephan  3 days ago end of that video!

  • Ju Ge
    Ju Ge 3 days ago

    After year 1 the out of pocket cost goes way up because all of the federal credits were used to make his payments seem small. The new 2018 tax code lowers the amount of write offs for businesses, this video is obsolete.

  • Michael Lentini
    Michael Lentini 3 days ago +2

    I bought. $3200 Hyundai. Drove it for 1 year all for business. Drove 21,380 miles. Deducted 50 cents per mile off my taxes. Thats the way to do it.

    • Ju Ge
      Ju Ge 3 days ago

      Bought a Certified used 190K Prius $5000, I drive 30k/yr, claimed $0.54/mi, spent $1,700 in gas, $86 for tags, and $30 oil change. I'm $$$ ahead of this guy.

  • nofreebeer
    nofreebeer 3 days ago

    It's still one of the most lack luster vehicles to be delivered.

  • anushka maurya
    anushka maurya 3 days ago


  • dcny69
    dcny69 3 days ago

    Most annoying voice ever 🤮

  • Mladen Bekavac
    Mladen Bekavac 3 days ago

    I believe your company bought the car, not you ,since you mentioned all the tax write offs. You use the car, but the car is company owned. I am not sure, how this works in the US, but in EU countries, the company owns the car and thats why it's cheaper. You get all these tax write offs which regular people don't get. It seems you didn't buy the car for $78/month, your company did.

  • ElectricBuckeye
    ElectricBuckeye 3 days ago

    “I haven’t been to a physical store in ages.”
    Apparently you’ve never done any work in your home (plumbing, electrical, painting, flooring, etc.).

    • ElectricBuckeye
      ElectricBuckeye 3 days ago

      Graham Stephan, which doesn’t work well in practice when applied to what I’ve given as examples. Why would you waste the time to order a 3-way switch or a 1/2” ball valve when you could just run down to the hardware store and pick one up to finish your task that day? Absolutely inefficient.

    • Graham Stephan
      Graham Stephan  3 days ago

      Materials have, so far, been cheaper to order wholesale and get shipped direct!

  • S. M.
    S. M. 3 days ago

    That math tho 🤣😂😂 Many years ago I swore off buying a new car. For me paying for it for five years is excruciating. By the time it's paid up, it's old and I am ready to move on. On the other hand, the tribulations of used cars are unbearable too. So I prefer to eat my cake and have it too. Lease a new car without paying the new car price. After 24 months, drive it back and get the next new car. Perpetually driving a new car without ever paying sticker. Without ever being stuck with one just coz I spent a fortune on it. Thankfully I don't have attachment issues so ownership is actually a bother. That's just me.

    • Account4info
      Account4info 15 hours ago

      Last new car I bought was in 1998. 21 years of routine fluid changes has been the cost of ownership after it was paid off. I have several cars 30+ years old and have never paid more than $400 a year for repairs, registration and insurance for each car.