17. Sell Your Current Vehicle For Down Payment
If you’re planning to buy a Tesla, it only makes sense to sell the car you are currently driving. A lot of people choose to trade in their vehicle at the dealership because it’s a lot less hassle compared to selling it themselves. It seems easy to just hand over your keys to the car dealership and let them take care of the paperwork for you. However, if you take the time to sell your car by yourself, you’ll make thousands of dollars more than giving it to a dealer.
Check out Kelly Blue Book to see what your current car is worth. Make sure to sign the title over to the new owner, and notify your insurance company. After you have the cash on hand, this can become your down payment for your Tesla. The higher your down payment is, the lower your monthly payment will become.