Owning a Tesla has become a dream for many, with its sleek design, cutting-edge technology, and eco-friendly appeal. One of the biggest draws to purchasing and owning a Tesla is the low running cost. With no need for fuel and minimal maintenance, you pretty much just pay your car note, insurance, and that’s it. However, as a Tesla owner for almost 3 years now, I have discovered some hidden expenses that I wish I had known about sooner.
First up is maintenance. Despite what some people may tell you, it isn’t actually zero. Cabin air filter replacements, AC desiccant bag replacements, brake caliper cleaning, brake fluid checks, and tire rotations all add up over time. While some of these maintenance tasks can be done yourself, others may require a visit to the Tesla service center, which can be costly.
Another hidden expense is accessories. Teslas come barebones, with some models not even coming with floor mats. Investing in accessories like screen protectors, all-weather floor mats, mud flaps, and Jack pads can enhance your driving experience but also add to the overall cost of ownership.
Charging your Tesla is another hidden expense that many new owners may not be aware of. While home charging can be relatively inexpensive, supercharging can add up, especially if you rely on it frequently. Additionally, some states are now imposing extra fees for owning an Electric Vehicle, further adding to the cost.
Insurance is another expense that can catch new Tesla owners off guard. Due to the high cost of parts and labor for repairs, insuring a Tesla can be more expensive than insuring a traditional gas-powered vehicle. Shopping around for the best insurance rates can help save you money in the long run.
Finally, registration and renewal fees for electric vehicles are becoming more common as states look to recoup lost revenue from gas taxes. These fees can vary widely, with some states charging a flat yearly fee while others impose a tax based on electricity consumption.
Owning a Tesla is still a cost-effective and environmentally friendly choice compared to traditional gas-powered vehicles. However, it’s essential to be aware of these hidden expenses to budget accordingly and avoid any surprises down the road. By being prepared and informed, you can enjoy all the benefits of owning a Tesla while managing the associated costs effectively.
