Tesla Model 3 running costs
The Tesla Model 3 looks expensive, but it’s cheaper to own than most alternatives after factoring in the performance and fuel costs
|Insurance group||Warranty||Service interval||2020/21 company-car tax cost (20%/40%)|
|48-50||4yrs / 50,000 miles||Variable||£0|
The Tesla Model 3 isn’t a cheap car, but given its performance, desirability and rock-bottom running costs, it’s a compelling financial prospect nonetheless.
After all, while it doesn’t have any direct rivals, something like a BMW 330d or Audi S5 Sportback (both of which are close to the Model 3 Standard Range Plus on performance, executive swagger and price) will cost a similar amount on finance.
Tesla Model 3 insurance group
Insurance groups for the Model 3 are pretty high: 48 for the Standard Range Plus and the highest possible rating of 50 for the Long Range and Performance models, so coverage won't be cheap.
Tesla offers a standard four-year/50,000-mile warranty, which is a bit low on the mileage side but does exceed the three-year warranties offered by rivals from Audi, BMW, Mercedes and Jaguar.
The batteries get an eight-year/100,000-mile warranty and will also be refurbished or replaced by Tesla if they fall below 70% of their as-new performance within that time. That’s unlikely to happen though, given Tesla’s excellent reputation for battery longevity.
Tesla doesn’t state specific servicing intervals – the car will inform you if it needs attention. However, Tesla recommends checking the interior air filter and brake fluid every couple of years.
Thanks to its zero tailpipe emissions, there’s no road tax to pay on the Model 3 – or any other purely electric car for that matter.
In This Review
- 1VerdictThe Tesla Model 3 is one of the best electric cars on sale, delivering great real-world range, tidy dynamics and a tech-filled interior
- 2Range, battery & chargingAs the name suggests, the Tesla Model 3 Long Range boasts one of the longest ranges of any electric car on sale
- 3Running costs - currently readingThe Tesla Model 3 looks expensive, but it’s cheaper to own than most alternatives after factoring in the performance and fuel costs
- 4Electric motor, drive & performanceThe Tesla Model 3 is anything but slow, even in entry-level spec, although it’s no sports car in corners
- 5Interior & comfortThe Tesla Model 3 has the most minimalist interior going, complete with class-leading touchscreen technology
- 6Practicality & boot spaceThe Tesla Model 3 is not the roomiest of cars, particularly for rear passengers, but it is adequate for small families
- 7Reliability & safetyThe Tesla Model 3 sets the benchmark for active safety features, earning the top five-star NCAP safety rating