2024 Tesla Model 3: 5-Year Total Cost of Ownership
Quick Answer
The 2024 Tesla Model 3 costs $52,032 to own over 5 years, or $867/month. The biggest expenses are depreciation ($22,132) and insurance ($18,010).
✓ Updated March 2026✓ Based on state insurance filings
5-Year Total Cost of Ownership
$52,032
$867/month • $1/mile
Cost Breakdown
Depreciation$22,132 (43%)
Insurance$18,010 (35%)
Fuel/Energy$2,286 (4%)
Maintenance$2,440 (5%)
Financing$6,804 (13%)
Registration$360 (1%)
Year-by-Year Costs
| Year | Depreciation | Insurance | Fuel | Maintenance | Total |
|---|---|---|---|---|---|
| Year 1 | $8,048 | $3,602 | $457 | $488 | $12,595 |
| Year 2 | $3,521 | $3,602 | $457 | $488 | $8,068 |
| Year 3 | $3,521 | $3,602 | $457 | $488 | $8,068 |
| Year 4 | $3,521 | $3,602 | $457 | $488 | $8,068 |
| Year 5 | $3,521 | $3,602 | $457 | $488 | $8,068 |
Key Facts
1-Year Depreciation
20% ($8,048)
5-Year Depreciation
55% ($22,132)
Annual Repair Cost
$812
Annual Maintenance
$488
These are estimates based on state averages. Your exact rate depends on your specific profile.
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