How much do you have to make to comfortably afford a brand new Tesla Model Y?

@chase.yokoyama

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Why it worked

The video provides high-value, practical financial advice that directly answers a common question, making the promotional link feel like a helpful resource rather than an ad.

Summary

The creator breaks down the monthly costs of owning a Tesla Model Y, including loan payments, insurance, maintenance, and electricity. He uses these calculations to determine the annual income required to afford the vehicle comfortably.

Structure

1Hook posing the question about Tesla affordability
2Breakdown of car purchase price and loan payments
3Mention of insurance costs and call to action
4Calculation of maintenance and charging expenses
5Final verdict on required annual income

Product placement

The creator uses Money.com's car insurance questionnaire as a tool to help viewers save money, which is the primary promotional element.

Call to action

Click the link in my bio and fill out this questionnaire to see if you could save money on the car insurance that you have right now.

Original caption

How much do you have to make to comfortably afford a Tesla Model Y? #tesla #teslamodely #teslatok #Budgeting

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How much do you have to make to comfortably afford a brand new Tesla Model Y?

Transcript

How much do you have to make to comfortably afford a brand new Tesla Model Y? My final build came out to a total of $54,000 with a 7% tax rate that's $58,000 but I did not include the federal tax credit. After putting down 20% or around $11,000, you need to borrow $46,000 at a 6.7% interest rate over five years or 60 months, which brings your monthly payment to around $900. The average annual insurance cost seems to be around $2,400 or $203 per month. As always, click the link in my bio and fill out this questionnaire to see if you could save money on the car insurance that you have right now. It seems like the average maintenance cost for a Tesla Model Y over 10 years is around $7,000, but that comes down to just $58 per month. Then of course, instead of gas, you're paying for electricity and this is going to vary if you're charging your car at home or at a charging station, so we're just going to go with $50 a month here. Your total monthly payments come out to around $1,200, which would be 10% of your monthly gross income. So in order to very comfortably afford a brand new Tesla Model Y, you need an annual gross income of around $147,000.