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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

$38,926*

Total Cash Price

$21,338

Performance 4dr Sedan AWD (electric DD)

True Cost to Own

$41,804*

Total Cash Price

$22,724

Standard Range Plus 4dr Sedan (electric DD)

True Cost to Own

$34,688*

Total Cash Price

$19,221

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

Depreciation

$12,994

Taxes & Fees

$1,088

Financing

$3,742

Fuel

$3,272

Insurance

$6,680

Repairs

$7,948

Maintenance

$3,202

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$1,258$1,296$1,335$1,375$1,416$6,680
Maintenance$177$235$185$1,626$979$3,202
Repairs$1,372$1,468$1,579$1,699$1,830$7,948
Taxes & Fees$904$46$46$46$46$1,088
Financing$1,282$1,035$768$482$175$3,742
Depreciation$4,835$2,594$2,011$1,727$1,827$12,994
Fuel$616$635$654$673$694$3,272
True Cost to Own®$10,444$7,309$6,578$7,628$6,967$38,926
Selected Model:

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

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Insurance$1,258$1,296$1,335$1,375$1,416$6,680
Maintenance$177$235$185$1,930$979$3,506
Repairs$1,372$1,468$1,579$1,699$1,830$7,948
Taxes & Fees$959$46$46$46$46$1,143
Financing$1,365$1,102$818$514$187$3,986
Depreciation$5,433$3,051$2,365$2,033$2,150$15,032
Fuel$661$681$701$722$744$3,509
True Cost to Own®$11,225$7,879$7,029$8,319$7,352$41,804
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$1,258$1,296$1,335$1,375$1,416$6,680
Maintenance$177$235$185$1,626$979$3,202
Repairs$1,291$1,380$1,487$1,602$1,722$7,482
Taxes & Fees$815$41$41$41$41$979
Financing$1,155$932$692$435$157$3,371
Depreciation$3,972$1,972$1,529$1,314$1,389$10,176
Fuel$527$543$559$576$593$2,798
True Cost to Own®$9,195$6,399$5,828$6,969$6,297$34,688
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.