Sponsored: Skip the waitlist and invest in blue-chip art for the very first time by signing up for Masterworks: https://www.masterworks.art/andyslye Purchase shares in masterpieces from artists like Pablo Picasso, Banksy, Andy Warhol, and more. How Masterworks works: - Create your account with your traditional bank account - Pick major works of art to invest in or our new blue-chip diversified art portfolio - Invest, hold shares in works or trade them in our secondary marketplace Tesla Model 3 ownership cost after 5 years & 120,000 miles See important Masterworks disclosures: https://www.masterworks.com/about/disclaimer Watch next ➡️ Which Tesla to Buy in 2023: https://www.youtube.com/watch?v=0JHXM37N_r0 🚘 BEST Tesla Accessories: https://geni.us/tm3accs 🚙 Ordering a Tesla product? Use my referral link: http://geni.us/t3sla MUST-HAVE Tesla Accessories: ▶ 10% off Tesla Floor Mats: https://geni.us/uQBj (Use code: ANDYSLYE) ▶ Model 3/Y Screen Protector: https://geni.us/Akha ▶ Wireless Charging Pad/Hub: https://geni.us/Jeda ▶ Console Wrap: https://geni.us/x2AA788 (Use code: ANDYSLYE15) ▶ Magnetic Phone Mount: https://geni.us/xaowi Tesla Cleaning Tools (Amazon) ▶ Waterless Wash/Wax: https://geni.us/yLqP7w ▶ Interior Cleaner: https://geni.us/uBxyl ▶ Dash Protectant Spray: https://geni.us/XPp9G ▶ Pressure Washer: https://geni.us/ZPDtW Useful Tesla Accessories: ▶ Spare Tire (Amazon) https://geni.us/BJKK ▶ Replacement Tires: https://geni.us/33Txdp ▶ Frunk Luggage Set: https://geni.us/vwVM ▶ Stats App: https://geni.us/Stats ▶ Geeky Tesla shirts & prints: http://geni.us/SFSF 🎥 My YouTube Camera Gear: http://geni.us/YTgear Camera Gear I Use (Amazon) ▶ Main Camera: https://geni.us/GH5body ▶ Main Lens: https://geni.us/Lumix1235 ▶ 4K Drone: https://geni.us/DJIM2 ▶ Gimbal: https://geni.us/sJc7Bb ▶ Tripod: https://geni.us/BJSxkx ▶ Monopod: https://geni.us/mqNjTT ▶ Action Cam: https://geni.us/Hero9 ▶ Camera Mount for Tesla: https://geni.us/60zs ▶ Microphone: https://geni.us/mics ⬇️ Stay up to date! YouTube: http://geni.us/AndySlyeYT Twitter: http://Twitter.com/slye Instagram: http://instagram.com/slye Email: andy@mytechmethods.com 0:00 Tesla Model 3 Ownership Cost 0:51 Upfront Cost 1:51 Service & Insurance Cost 4:45 Charging Cost 6:49 Toyota Camry Cost Example 8:17 Tesla vs Gas Car Cost A few years ago I thought I was crazy when I splurged on a brand new Tesla Model 3, but recent news just came out that claims a Tesla Model 3 is actually cheaper than the average new car in the US. But when it comes to total cost of ownership how does an “expensive” Tesla Model 3 actually stack up when compared to “cheaper” popular cars like the Toyota Camry? My 2018 Tesla Model 3 is one of the 1st production RWD versions with the long range battery. It has standard 18” wheels, red paint, premium upgrade package, Enhanced Autopilot. This particular variant was $56,000. But I received the full $7,500 federal EV tax credit which brought the price down to $48,500. However, I had to install an outlet in my garage to charge the car which brought the total upfront cost to $49,440. In the beginning before my Tesla Model 3's new vehicle warranty expired there were a few minor repairs that were done - all covered for free under the warranty and fixed by a mobile technician at my location. Here are all the repairs and maintenance that I’ve paid for out of pocket: Tesla's recommended 2-year service checkup (brake calipers & brake fluid) for $390. My driver side window buttons needed repaired for $94. My charge port stopped automatically opening/closing which cost $311. My driver seat occupancy sensor needed replaced for $99. The 12v battery that provides auxiliary power needed replaced for $109. All of my maintenance & out-of-warranty repairs cost $1,003. I pay about $150/month for full coverage insurance on my Tesla. I’ve only replaced my tires twice for a total of $1,411. Nearly all of my tire rotations were done for free at a local tire shop, but for my last two rotations I decided to pay Tesla to come to my location to do it for $50 each. This brings my total cost for tires & insurance to $10,511 after 5 years. To drive 120,000 miles my Tesla Model 3 used 30,361 kWh. I’ve had free Supercharging for the majority of my ownership, but I'll pretend that I had to pay for it. 94% of my charging is at home & 6% is at Superchargers while traveling. The total energy pumped into my car at home is 28,539 kWh. In my city of Louisville KY electricity costs 10 cents per kWh. That means my total home charging has cost $2,853. That leaves 1,821 kWh of electricity when traveling on trips. The average Supercharger cost is 25 cents per kWh. That means my total Supercharging cost (if I actually paid for it) is $455 which brings my total estimated charging cost to $3,308. This brings my Tesla Model 3’s grand total cost of ownership to $64,262 after 5 years & 120,000 miles. As an Amazon Associate & partner for other affiliate programs I earn from qualifying purchases