An example of financial mastery being applied here over a purchase of the Basic Tesla Model Y RWD vs Model Y Long Range AWD in Malaysia
Question:
1. Do you really need the Long Range. How often in a month do you travel long distance? How often will you will need to drive non stop for 500km++ without any stop. Is it really a need or nice to have?
2. Do you really need All Wheel Drive? Yes it will offer better acceleration and better road handling and off roading. Again, it’s it a need or a nice to have?
3. What is the impact of day to day usage ie efficiency of a RWD vs AWD LR given the weight is heavier and AWD generally takes on more energy
4. What is the depreciation and second hand value impact? Which one would fetch higher resale value? Let’s assume they depreciate at the same rate for simplicity
Let’s look at the financial differences of choosing one over another
1. Price Difference
– RWD: RM 195,450
– Long Range AWD: RM 242,450
Upfront saving if you choose RWD:
RM 242,450 – RM 195,450 = RM 47,000
2. Interest Cost Over 5 Years (90% Loan)
– RWD:
^ 90% × 195,450 = RM 175,905 × 0.88% p.a.
^ RM 175,905 × 0.0088 × 5 ≈ RM 7,737
– LR AWD:
^ 90% × 242,450 = RM 218,205 × 1.38% p.a.
^ RM 218,205 × 0.0138 × 5 ≈ RM 15,069
Interest saving with RWD: approx. RM 7,332 over 5 years.
3. Weight & Usage Efficiency (Assume 15,000 km/year, RM 1/kWh and Battery & Consumption for RWD: ~60 kWh battery, ~15.5 kWh/100 km and for LR AWD: ~78 kWh battery, ~17.3 kWh/100 km)
– RWD: 15,000 km × 15.5 kWh/100 km = 2,325 kWh → RM 2,325 per year x 5 year ~ RM 11,625
– LR AWD: 15,000 km × 17.3 kWh/100 km = 2,595 kWh → RM 2,595 per year x 5 year ~ RM 12,975
Efficiency saving with RWD = RM 1,350 over 5 years.
4. Road Tax when incentives end on 1 Jan 2026
Estimated road tax
– RWD: RM 305/year
– LR AWD: RM 915/year
– Annual tax saving: RM 610
Over 5 years (2026–2030): RM 3,050
Total 5-Year Savings:
RWD vs LR AWD
1. Purchase Price : RM 47,000
2. Interest : RM 7,332
3. Electricity Use: RM 1,350
4. Road Tax RM 3,050
Total Savings : RM 58,732. This itself represents 30% over the entry cost of my Model Y of RM195K.
How would having an extra RM58,732 means to you at the end of the 5th year?
Let’s not forget that the EV car will depreciate in value too.
Would the saving of this support you closer to your financial freedom?
For only RM388/1 pax or RM588/2 pax, come join me and find out practical and simple steps you can double back your investment RM388 in just 30 days
RM388 charged is mainly to just cover the cost of the training and I do it because I noticed many lacked the knowledge of financial mastery, struggling with credit card debts, unable to save to invest and struggling with 9 to 5 job. It is like a rat race of going round and round in a hamster wheel.
My purpose is to uncover some of these awareness so that people can take charge of their financial freedom.
Path to financial freedom is not about making tonnes of money. it is about how you can make money work for you too! It is about being free and able to pursue what matters without overly concern about this or that.
Visit: www.intune.my/financialfreedom
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