Total Cost of Ownership Calculator
Compare the true cost of owning a Tesla versus a gas vehicle over your ownership period
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How TCO is Calculated
Total Cost of Ownership includes all costs associated with owning and operating a vehicle over a specified period.
Acquisition Costs
- • Vehicle purchase price plus destination fee
- • Sales tax (7% average)
- • Registration and title fees
- • Financing interest based on APR and loan term
Operating Costs
- • Insurance premiums over ownership period
- • Maintenance and repairs (~$0.04/mi for Tesla, ~$0.10/mi for gas)
- • Fuel or electricity costs based on usage
Incentives
- • Federal tax credit up to $7,500 for eligible vehicles
- • State and local incentives vary by location
Residual Value
- • Estimated resale value at end of ownership
- • 15% depreciation in year 1, 10% annually thereafter
Important Notes
- • These are estimates based on industry averages and may vary by location
- • Federal tax credits are subject to eligibility requirements and may change
- • Actual costs will vary based on individual circumstances
- • This calculator is for informational purposes only
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Disclaimer
This calculator provides estimates for general information purposes only and may produce inaccurate results. Actual total cost of ownership will vary based on your specific vehicle, financing terms, insurance rates, maintenance costs, fuel prices, depreciation, and other factors. Tax credits and incentives vary by location and eligibility requirements. These tools should not be used as the sole basis for any financial or purchasing decisions. Results are approximations and your personal situation may differ significantly.