Las Vegas millionaire turned his Tesla Model 3 into his 'best purchase ever' after he effectively got the car for free

Graham Stephan, a real estate investor and YouTuber based in Las Vegas, has explained how he got a Tesla Model 3 nearly ‘for free’.

Stephan built his YouTube channel talking about smart financial decisions, and we can definitely see why he’s got a few million followers.

This is a $45,000 EV that he effectively got for nothing.

And here’s how he did it.

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This is how he managed to get his Tesla ‘for free’

The base price of his Tesla Model 3 – after incentives (including the now defunct Federal Tax Credit) and including taxes – was $44,437.

He decided to pay the upfront costs (taxes, mostly) by credit card and then finance 100 percent of the purchase at 3.75 percent interest directly through Tesla.

The monthly cost after federal tax credits and write-offs was astonishingly low.

Graham said he got his car ‘for free’ for the sake of the video, but reality is not so different.

In the end, his Tesla only cost him $78.39 per month.

“From a financial perspective, the cost of the car just made too much sense to pass up,” he explained in the video.

He also added that this was ‘probably the best purchase’ he ever made.

Spending $78 per month on a car isn’t technically ‘free’, but Graham explained that the reason why he used that word is that the video he made about this purchase made him a lot of cash and made his channel go viral.

So perhaps he’s wrong and he didn’t get it for free, because it’s even better than that.

This car turned out to be a money maker for him.

Not a bad deal if you can get it

Stephan got a great deal, but not everyone can because a variety of different factors were at play, including a couple of country-specific ones.

The thing is, buying a new car in Las Vegas is not the same as buying a new car in Europe or China or Japan.

Different countries have different rules and regulations when it comes to how you can finance your car.

The APR (Annual Percentage Rate) alone would be an issue, because 3.75 percent is pretty low, and it’s hard to get.

Especially outside of the US.

Then there’s the MSRP.

In the US, the Model 3 starts at $44,000, whereas in most European countries the price is closer to $50,000+.