It has been quite some time (4 months) since I last calculated my progress towards buying a Model 3. Let's see whether there is any progress since then.

![2myr0hxu1v.png](https://img.esteem.ws/2myr0hxu1v.png)
[Source](https://electrek.co/2019/02/28/tesla-model-3-standard-battery-interior/)

# My Crypto portfolio
As of today my crypto portfolio consists of €2,805 in BTC and ETH. My Hive wallet has an estimated value of €950 and I have some €550 in other Hive-related Tokens (mostly SPI, AFIT and AFITX). That means my portfolio has a value of €4,305.

![image.png](https://images.esteem.app/DQmZo1Eh28h8nh61J1CJT3PqxygPRY25yHDWFL9H97Bep9b/image.png)

# Progress to Model 3
The starting price of a Model 3 is €48,980 here in The Netherlands.

Based on these numbers I now own enough crypto-money to buy 8.8% of a Model 3. Compared to the last time I calculated my progress ([which was 6,6% for a SR Model 3](https://peakd.com/cars/@erikklok/progress-towards-a-model-3-04513aab5dfd9est)), I've made a nice progress (mainly because of the hard fork and the recent rise of the price of Hive). Still I need to make a lot more money in crypto before the Model 3 is starting to get in reach.

# Some alternatives
I've now been investing/saving for a Model 3 for over two years. And this is the closest I've come so far. At the current rate it means I need about 20 more years to finally be able to afford a (new) Model 3. Maybe it's time to look for some alternatives.

## Škoda CITIGOe IV
The cheapest (or better: most affordable) EV you can currently get is the Škoda CITIGOe IV. It has a starting price of €22,320 and has a decent range and charging capabilities. It however is quite a small car.

![image.png](https://images.esteem.app/DQmfWMwB8WbtuqiXJcyb6oSqBUprB33YRKMBBRxd38d8gaZ/image.png)
[Source](https://www.skoda.nl/modellen/citigoe-iv)

Based on my current holdings I'm at 19.3% of the starting price. A lot closer than the M3, especially since I do have some savings that I can also use to buy a car, but still far off. Let's look at another possibility. 

## Nissan Leaf (used)
The Nissan Leaf is a lot bigger than the CITIGO, probably comparable or just a bit smaller than the Model 3. That also makes that the price for a new one also isn't affordable (for me) yet. Therefore I had a look at the second hand car market and found one for as little as €6,950. That however does mean that it is a first generation car from 2011 and that the range is less than 100 km on a full charge.

![image.png](https://images.esteem.app/DQmXjfAyXTDJriEejsQ1FWh1eu7FT6YxMV79K2Abs33B8Ut/image.png)
[Source](https://www.marktplaats.nl/a/auto-s/nissan/m1549660385-nissan-leaf-base-24-kwh-electric-marge.html?c=efb2ef4dc323389c4f92ed10afa33e3a&previousPage=lr)

The good news is that I already own enough crypto to buy 62% of the car. Together with some of my savings I can buy the car outright. I however won't do that since I don't (yet) want to take all of my money from the crypto space. And honestly: I don't really need a car (with these characteristics).