Owning a Tesla Model Y for over two years has been an incredible experience for me. The car itself is amazing, and I have truly enjoyed driving it. However, one thing that is hard to ignore is the cost of ownership. Electric cars, in general, are still more expensive than traditional vehicles, and the Tesla Model Y is no exception.
In my recent video, I broke down the true cost of ownership for my Model Y after 2 years and 25 months of driving it for 34,235 miles. I went into detail about the initial purchase price, charging costs, maintenance, insurance, and more. Let’s dive into some of the key points I covered in the video.
First and foremost, the initial purchase price of the Model Y is quite high. When I bought mine, the base price was around $41,000, but with taxes, fees, and upgrades, the total cash price came out to $63,179.75. Today, the price for a new Model Y has increased even more, making it even more expensive to buy one.
Charging the Model Y is one of the biggest cost-saving factors of owning an electric car. Charging at home is the most convenient and cheapest option, but using Tesla superchargers on the road can also be cost-effective. Over the past 2 years, I estimated that I used about 9,885.67 kilowatt hours to drive 34,235 miles, costing me around $2,108.94 if I exclusively charged at home.
Maintenance costs for the Model Y have been minimal for me, with the only significant expense being tire replacements. Insurance rates for Tesla cars are competitive, and Tesla insurance is available in several states. DMV registration fees, air filter replacements, and potential warranty repairs are additional costs to consider in the future.
Despite the high initial cost and ongoing expenses, owning a Tesla Model Y can still be cost-effective in the long run. When compared to a similarly sized gas vehicle like a Honda CRV, the savings on gas, maintenance, and depreciation can add up over time.
Overall, the true cost of ownership for a Tesla Model Y is a complex calculation that varies based on individual circumstances. While the upfront cost may be steep, the long-term savings and benefits of owning an electric car like the Model Y can make it a worthwhile investment.
As electric car technology continues to evolve and prices come down, the future looks promising for more affordable electric vehicles. In the meantime, owning a Tesla Model Y has been a rewarding experience for me, despite the costs involved. If you’re considering buying a Model Y or any electric car, it’s important to weigh the costs and benefits to make an informed decision.
I hope this breakdown of my experience owning a Tesla Model Y has been helpful for you. If you’re interested in learning more about my journey with electric cars, be sure to check out my other videos. Thanks for reading, and happy driving!
