What is the TRUE Cost of Owning a Tesla Model 3? We Compare to the Honda Civic & BMW 3 Series

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The Tesla Model 3 is upon us, and it’s already being heralded by many as the most important car in decades.

But whether you’re one of the nearly half a million people who have already given Tesla a $1000 deposit, or someone who is wondering if it just makes financial sense, this video is for you.

At $35,000 dollars, the Model 3 is the most affordable Tesla to date. And with its 220 mile range, 126 MPGe, and 0-60 time of 5.5 seconds, it’s proving to be quite the little EV that could.

Very enticing indeed.

But the primary question remains: What is the TRUE Cost of Owning a Tesla Model Three?

While the question is simple, the answer is not.

The devil is always in the details, and so we will take a look at a couple of other popular gas powered cars for comparison, and look at Total Cost of Ownership over 5 years.

We will also explain the ugly truth about MPGe, and tell you what we think is a better measurement.

And if you’re counting on the $7,500 Federal Tax Credit, we’ll talk about why you may not even qualify for it.

Lastly, we will provide you with some cost calculators to help you reach an educated conclusion, based on your specific situation, because where you live & how you drive, really does affect your bottom line.


Other Calculators to Help You (suggest your favorite in the comments)

Elon Musk Book on Tesla & Space X:

Tesla Coffee Cup:

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Chris & Ricky

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