Tesla Model Y · Cost of Ownership
Tesla Model Y Costs
The average cost of owning a Tesla Model Y for 5 years is $43,033. This total will vary per vehicle, driver, and location. These ownership expenses include:
Cost breakdown
5-Year Cost Breakdown
| Cost | Value | Percent |
|---|---|---|
| Depreciation | $19,530 | 45% |
| Insurance | $9,200 | 21% |
| Interest | $7,753 | 18% |
| Fuel | $4,500 | 10% |
| Maintenance | $2,050 | 5% |
Value rating
Tesla Model Y CarMatch Value Rating
This grade is our unbiased financial assessment of whether the Tesla Model Y 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
$19,53045% of 5-yr costDepreciation is the value the Tesla Model Y sheds over five years — almost always the single largest cost of ownership. Models that hold their value shrink this number dramatically.
Insurance Premiums
$9,20021% of 5-yr costEstimated full-coverage insurance premiums for the Tesla Model Y over five years. Your actual rate depends on driving record, location, and coverage level.
Maintenance & Repairs
$2,0505% of 5-yr costRoutine service, wear items, and out-of-warranty repairs for the Tesla Model Y. EVs and simpler powertrains typically land at the low end here.
Loan Interest
$7,75318% of 5-yr costFinance charges on a typical 60-month loan for the Tesla Model Y at current average APRs. A larger down payment or shorter term reduces this.
Fuel Costs
$4,50010% of 5-yr costEstimated fuel or charging cost to drive the Tesla Model Y ~15,000 miles a year for five years, based on its powertrain and typical energy prices.