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Used 2020 Tesla Model S Cost to Own

Total 5-Year Ownership Costs

Model S Sedan

Long Range 4dr Sedan AWD w/Prod. End 05/20 (electric DD)

True Cost to Own

$59,034*

Total Cash Price

$39,041

Performance 4dr Sedan AWD (electric DD)

True Cost to Own

$62,313*

Total Cash Price

$42,739

Long Range Plus 4dr Sedan AWD (electric DD)

True Cost to Own

$52,660*

Total Cash Price

$36,192

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

Depreciation

$24,973

Taxes & Fees

$1,793

Financing

$7,600

Fuel

$3,468

Insurance

$6,397

Repairs

$7,569

Maintenance

$7,234

Ownership Costs: 5-Year Breakdown

Selected Model:

2020 Model S Sedan Long Range 4dr Sedan AWD w/Prod. End 05/20 (electric DD)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Insurance$1,205$1,241$1,278$1,317$1,356$6,397
Maintenance$1,769$1,250$993$573$2,649$7,234
Repairs$1,306$1,397$1,506$1,619$1,741$7,569
Taxes & Fees$1,609$46$46$46$46$1,793
Financing$2,593$2,098$1,565$985$359$7,600
Depreciation$9,231$5,107$5,122$3,666$1,847$24,973
Fuel$653$673$693$714$735$3,468
True Cost to Own®$18,366$11,812$11,203$8,920$8,733$59,034

Ownership Costs: 5-Year Breakdown

Selected Model:

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

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Insurance$1,200$1,236$1,273$1,311$1,351$6,371
Maintenance$1,769$1,250$993$573$2,649$7,234
Repairs$1,306$1,397$1,506$1,619$1,741$7,569
Taxes & Fees$1,757$46$46$46$46$1,941
Financing$2,838$2,298$1,712$1,079$393$8,320
Depreciation$10,520$5,398$4,782$3,856$2,622$27,178
Fuel$697$718$739$762$784$3,700
True Cost to Own®$20,087$12,343$11,051$9,246$9,586$62,313

Ownership Costs: 5-Year Breakdown

Selected Model:

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

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Insurance$1,205$1,241$1,278$1,317$1,356$6,397
Maintenance$678$1,250$993$573$1,557$5,051
Repairs$1,306$1,397$1,506$1,619$1,741$7,569
Taxes & Fees$1,496$46$46$46$46$1,680
Financing$2,403$1,946$1,450$914$332$7,045
Depreciation$8,501$4,259$4,271$3,058$1,540$21,629
Fuel$620$638$657$677$697$3,289
True Cost to Own®$16,209$10,777$10,201$8,204$7,269$52,660
Ownership costs do not include any Federal EV Tax Credits. See 2020 Tesla Model S Incentives

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

Shop nowLearn about the 2020 Model S 

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 S in Virginia is:

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