2024 Tesla Model Y: 5-Year Total Cost of Ownership
Quick Answer
The 2024 Tesla Model Y costs $62,070 to own over 5 years, or $1,035/month. The biggest expenses are depreciation ($27,254) and insurance ($21,240).
✓ Updated March 2026✓ Based on state insurance filings
5-Year Total Cost of Ownership
$62,070
$1,035/month • $1/mile
Cost Breakdown
Depreciation$27,254 (44%)
Insurance$21,240 (34%)
Fuel/Energy$2,477 (4%)
Maintenance$2,810 (5%)
Financing$7,929 (13%)
Registration$360 (1%)
Year-by-Year Costs
| Year | Depreciation | Insurance | Fuel | Maintenance | Total |
|---|---|---|---|---|---|
| Year 1 | $10,338 | $4,248 | $495 | $562 | $15,643 |
| Year 2 | $4,229 | $4,248 | $495 | $562 | $9,534 |
| Year 3 | $4,229 | $4,248 | $495 | $562 | $9,534 |
| Year 4 | $4,229 | $4,248 | $495 | $562 | $9,534 |
| Year 5 | $4,229 | $4,248 | $495 | $562 | $9,534 |
Key Facts
1-Year Depreciation
22% ($10,338)
5-Year Depreciation
58% ($27,254)
Annual Repair Cost
$924
Annual Maintenance
$562
These are estimates based on state averages. Your exact rate depends on your specific profile.
✓ No spam calls · ✓ No personal info sold · ✓ Takes 2 minutes