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Used 2020 Tesla Model 3 Cost to Own

Total 5-Year Ownership Costs

Model 3 Sedan

Long Range 4dr Sedan AWD (electric DD)

True Cost to Own

$37,866*

Total Cash Price

$22,025

Performance 4dr Sedan AWD (electric DD)

True Cost to Own

$40,001*

Total Cash Price

$22,588

Standard Range Plus 4dr Sedan (electric DD)

True Cost to Own

$33,577*

Total Cash Price

$19,619

This car may qualify for a Federal EV Tax Credit. See 2020 Tesla Model 3 Incentives
Ownership Costs: 5-Year Total

Depreciation

$13,279

Taxes & Fees

$1,514

Financing

$3,863

Fuel

$2,613

Insurance

$7,326

Repairs

$6,391

Maintenance

$2,880

Ownership Costs: 5-Year Breakdown

Selected Model:

2020 Model 3 Sedan Long Range 4dr Sedan AWD (electric DD)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Insurance$1,380$1,421$1,464$1,508$1,553$7,326
Maintenance$145$200$151$1,518$866$2,880
Repairs$1,106$1,188$1,272$1,363$1,462$6,391
Taxes & Fees$1,142$93$93$93$93$1,514
Financing$1,323$1,068$793$498$181$3,863
Depreciation$4,941$2,651$2,055$1,765$1,867$13,279
Fuel$492$507$522$538$554$2,613
True Cost to Own®$10,529$7,128$6,350$7,283$6,576$37,866
Selected Model:

2020 Model 3 Sedan Performance 4dr Sedan AWD (electric DD)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Insurance$1,380$1,421$1,464$1,508$1,553$7,326
Maintenance$145$200$151$1,824$866$3,186
Repairs$1,106$1,188$1,272$1,363$1,462$6,391
Taxes & Fees$1,169$93$93$93$93$1,541
Financing$1,357$1,095$814$510$186$3,962
Depreciation$5,346$3,002$2,328$2,000$2,116$14,792
Fuel$528$544$560$577$594$2,803
True Cost to Own®$11,031$7,543$6,682$7,875$6,870$40,001
Selected Model:

2020 Model 3 Sedan Standard Range Plus 4dr Sedan (electric DD)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Insurance$1,380$1,421$1,464$1,508$1,553$7,326
Maintenance$145$200$151$1,518$866$2,880
Repairs$1,041$1,117$1,198$1,286$1,376$6,018
Taxes & Fees$1,028$93$93$93$93$1,400
Financing$1,179$951$706$444$161$3,441
Depreciation$4,012$1,991$1,545$1,327$1,403$10,278
Fuel$421$433$446$460$474$2,234
True Cost to Own®$9,206$6,206$5,603$6,636$5,926$33,577
Ownership costs do not include any Federal EV Tax Credits. See 2020 Tesla Model 3 Incentives

*Based on a 5-year estimate with 15,000 miles driven per year.

Shop nowLearn about the 2020 Model 3 

True Cost To Own®

Edmunds.com's True Cost to Own® (TCO®) is proprietary data that helps you estimate the total five-year cost of buying and owning a vehicle — including some items you may not have taken into consideration. A benefit of using our TCO® tool is that you can easily compare the five-year totals for different vehicles and make a more informed choice.