Calculator
Total cost of ownership.
Compare the true cost of owning a Tesla versus a gas vehicle over your ownership period.
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Methodology
How TCO is calculated.
Total cost of ownership includes every cost of owning and operating a vehicle over a specified period.
Acquisition
- Vehicle purchase price plus destination fee
- Sales tax (7% average)
- Registration and title fees
- Financing interest based on APR and loan term
Operating
- Insurance premiums over ownership period
- Maintenance and repairs (~$0.04/mi Tesla, ~$0.10/mi 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
- Estimated resale value at end of ownership
- 15% depreciation year 1, 10% annually thereafter
Notes
- Estimates based on industry averages; may vary by location.
- Federal tax credits are subject to eligibility and may change.
- Actual costs will vary based on individual circumstances.
- This calculator is for informational purposes only.
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.