Craig Toberman chats with Claire Ballentine to discuss if now is a good time to purchase a Tesla in the article “What to Do With Your Money—and Your Life—in a Wild New World” in Bloomberg.
"Tesla Inc. slashed prices in January, making its Model Y 20% cheaper—a $13,000 cut. Ford Motor Co. followed suit by dropping the price of its electric Mustang Mach-E by $4,500. Along with the $7,500 tax credit offered by the IRS for buying a new clean vehicle, purchasing an EV is becoming more affordable. But don’t let those headline numbers draw you in too quickly, says Craig Toberman, founder of Toberman Wealth LLC. The cost of car loans is rising, with the average interest rate at 8.02% in December, compared with just 5.15% a year earlier. "
Do you have other questions around making money decisions during uncertain times? Book a call with Craig.
Craig Toberman is the Founder of Toberman Wealth – a fee-only, fiduciary financial advisor based in St. Louis. He assists families and businesses with strategic financial planning and long-term wealth management. He has over a decade of experience in financial services and has crafted custom financial plans for hundreds of families and businesses.
Craig received a Bachelor of Science (B.S.) degree in Agricultural and Consumer Economics from the University of Illinois and a Master of Business Administration (M.B.A.) degree in Finance from Saint Louis University. He is a Certified Financial Planner (CFP), Chartered Financial Analyst (CFA) charterholder, and Certified Public Accountant (CPA).
Craig is a member of the National Association of Personal Financial Advisors (NAPFA), Fee-Only Network, and XY Planning Network.
Craig lives in the greater St. Louis area with his wife, Ally and son, Hank.