Teslanomics Breaks Down Yearly Cost For Tesla Model S – Video
How much does it really cost to own a Tesla Model S?
A year ago, we shared Ben Sullins’ Tesla Model S cost breakdown. It showed the true cost of ownership of his vehicle over the course of a year, including depreciation. Sullins also included his monthly loan payment, auto insurance, charging cost, and maintenance/repairs.
Now, we have his second installment. The breakdown features all the same categories and provides a tally of the bottom line over two years of ownership. You’ll see that total repair and maintenance costs add up to only $725, although he lists tires separately. The tires alone ring in at $1326.55.
All-in-all, Ben’s detailed estimation shows a cost of $23,658 for two years. This amount factors in the depreciation, as well as fuel savings.
Video Description via Teslanomics by Ben Sullins on YouTube:
It’s been 2 years since I bought my Tesla Model S so it’s time to break down all the costs for you. Get this direct to your inbox at https://teslanomics.co/join
The main cost categories I look at are:
– Fuel/Charging Cost
– Loan Payment
See the full details here –
Loan Summary (2 Years)
Total Interest $1,151.34
Total Payments less interest’ YTD $28,249
Depreciation (2yr Total) $18,100
Insurance 2016 $1,226
Insurance 2017 $1,161
Total Fuel Costs $1,119.50
Maintenance & Repairs $725.00
Fuel Savings $1,090.17
% Fuel Savings 49.34%
## Total Cost After 2 Years $23,658
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