Tesla Model 3: Here's The Cost Of Ownership For 1 Year: Video


17 M BY


What is the actual true cost of owning a Tesla Model 3 for one year?

There’s been a lot of talk lately about the release of the $35,000 Tesla Model 3 and how it compares to other competing EVs in terms of price, features, etc. There are so many variables involved, and while some of them come up in forums and in our comment section, others are completely avoided. In order to compare any car to another — at least in terms of what you get for your money — you have to look at the car’s true cost of ownership.

While we don’t have the same data set for the Nissan LEAF or Chevrolet Bolt EV, and this is not a Standard Model 3, it’s still rather interesting to take a look at what someone has spent over the course of one full year of ownership. Ben Sullins has broken it all down for us, including maintenance, charging, depreciation, insurance, and so on. Check out his video and the description below for all the details.

Video description via Teslanomics with Ben Sullins on YouTube:

ACTUAL Cost of Tesla Model 3 After 1 Year

After having my Model 3 for one year I thought it was time to share how much I’ve spent to date.

How Much I’ve Spent on my Tesla Model 3 in 1 year

  • Maintenance $0
  • Repairs $750
  • Insurance $1236
  • Loan $27,000
  • Interest $450
  • Depreciation $10,000 (16%)
  • Home Charging $312
  • Supercharging $170

Do we have any Nissan LEAF owners or Chevrolet Bolt EV owners out there that can provide the same information for one year cost of ownership? We’d love to compare numbers. Let us know in the comment section below.

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