Tesla Model 3 · Cost of Ownership
Tesla Model 3 Costs
The average cost of owning a Tesla Model 3 for 5 years is $40,175. This total will vary per vehicle, driver, and location. These ownership expenses include:
Cost breakdown
5-Year Cost Breakdown
| Cost | Value | Percent |
|---|---|---|
| Depreciation | $18,040 | 45% |
| Insurance | $8,900 | 22% |
| Interest | $6,835 | 17% |
| Fuel | $4,500 | 11% |
| Maintenance | $1,900 | 5% |
Value rating
Tesla Model 3 CarMatch Value Rating
This grade is our unbiased financial assessment of whether the Tesla Model 3 is likely to be a good or poor automotive investment, based on its 5-year cost to own relative to its price. Learn more about our Value Ratings.
Depreciation
$18,04045% of 5-yr costDepreciation is the value the Tesla Model 3 sheds over five years — almost always the single largest cost of ownership. Models that hold their value shrink this number dramatically.
Insurance Premiums
$8,90022% of 5-yr costEstimated full-coverage insurance premiums for the Tesla Model 3 over five years. Your actual rate depends on driving record, location, and coverage level.
Maintenance & Repairs
$1,9005% of 5-yr costRoutine service, wear items, and out-of-warranty repairs for the Tesla Model 3. EVs and simpler powertrains typically land at the low end here.
Loan Interest
$6,83517% of 5-yr costFinance charges on a typical 60-month loan for the Tesla Model 3 at current average APRs. A larger down payment or shorter term reduces this.
Fuel Costs
$4,50011% of 5-yr costEstimated fuel or charging cost to drive the Tesla Model 3 ~15,000 miles a year for five years, based on its powertrain and typical energy prices.