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Used 2020 Tesla Model 3 Cost to Own

Total 5-Year Ownership Costs

Model 3 Sedan

Performance 4dr Sedan AWD (electric DD)

True Cost to Own

$52,399*

Total Cash Price

$60,048

Standard Range Plus 4dr Sedan (electric DD)

True Cost to Own

$43,022*

Total Cash Price

$45,506

Long Range 4dr Sedan AWD (electric DD)

True Cost to Own

$48,954*

Total Cash Price

$54,015

Ownership Costs: 5-Year Breakdown

Selected Model:

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

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$1,258$1,296$1,335$1,375$1,416$6,680
Maintenance$235$148$1,915$190$338$2,826
Repairs$0$985$1,515$1,634$1,757$5,891
Taxes & Fees$2,446$46$46$46$46$2,630
Financing$1,851$1,469$1,074$663$237$5,294
Depreciation$7,822$5,356$4,762$4,276$3,896$26,112
Fuel$559$575$593$610$629$2,966
True Cost to Own®$14,171$9,875$11,240$8,794$8,319$52,399
Ownership Costs: 5-Year Total

Depreciation

$19,784

Taxes & Fees

$2,026

Financing

$4,012

Fuel

$2,363

Insurance

$6,680

Repairs

$5,543

Maintenance

$2,614

Ownership Costs: 5-Year Breakdown

Selected Model:

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

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$1,258$1,296$1,335$1,375$1,416$6,680
Maintenance$235$148$1,703$190$338$2,614
Repairs$0$926$1,426$1,537$1,654$5,543
Taxes & Fees$1,862$41$41$41$41$2,026
Financing$1,402$1,114$814$503$179$4,012
Depreciation$5,927$4,058$3,608$3,239$2,952$19,784
Fuel$445$459$472$486$501$2,363
True Cost to Own®$11,129$8,042$9,399$7,371$7,081$43,022

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
Tax Credit$0$0$0$0$0$0
Insurance$1,258$1,296$1,335$1,375$1,416$6,680
Maintenance$235$148$2,069$190$338$2,980
Repairs$0$985$1,515$1,634$1,757$5,891
Taxes & Fees$2,206$46$46$46$46$2,390
Financing$1,665$1,322$966$596$213$4,762
Depreciation$7,036$4,818$4,283$3,845$3,504$23,486
Fuel$521$536$553$569$586$2,765
True Cost to Own®$12,921$9,151$10,767$8,255$7,860$48,954

*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.



Edmunds Insurance Estimator

The Edmunds TCO® estimated monthly insurance payment for a 2020 Tesla Model 3 in Virginia is:

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