2024 Tesla Model 3 Cost in Florida
Complete cost breakdown including taxes, insurance, fuel, and maintenance
Total 5-Year Cost
$63,997
Monthly Equivalent
$1,067
Sales Tax
7.05%
Annual Insurance
$3,456
Complete Cost Breakdown
Total Cost of Ownership
$63,997
Over 5 years in Florida
Monthly Equivalent
$1,067/mo
12,000 miles/year
Purchase Price
$40,240
Sales Tax
$2,837
7.05% in Florida
Registration
$425
5 years
Insurance
$17,280
$3,456/year
Electricity
$2,145
$429/year
Maintenance
$1,070
$214/year avg
Estimated Depreciation
$24,949
Your 2024 Tesla Model 3 will lose approximately $24,949 in value over 5 years
Vehicle Type
Sedan
Fuel Economy
132 MPGe
Reliability Rating
3.5/5.0
Florida Vehicle Costs
Sales Tax Rate
7.05%
State: 6% + Local: 1.05%
Avg Insurance
$2,560
Ranked #3 of 50 states
Registration Fee
$85
Per year (average)
Electricity Price
$0.14
Per kWh
Frequently Asked Questions
What is the total cost of owning a 2024 Tesla Model 3 in Florida?
The total 5-year ownership cost is approximately $63,997, which includes the purchase price ($40,240), sales tax (7.05%), insurance (avg $2,560/year), fuel, maintenance, and registration fees.
How much is insurance for a Model 3 in Florida?
The average annual insurance cost in Florida is $2,560. For this Model 3, the estimated annual insurance is $3,456, which may vary based on your driving record, age, and coverage level.
What are the registration fees in Florida?
In Florida, the average annual vehicle registration fee is $85. This may vary based on the vehicle's age, weight, and value.
Is a Model 3 expensive to maintain?
The 2024 Tesla Model 3 has a 5-year maintenance cost of approximately $1,070, with a reliability rating of 3.5/5.0, making it moderately reliable.
Customize Your Calculation
Calculate Ownership Cost
MSRP: $40,240 • Sedan
Sales Tax: 7.05% • Insurance Avg: $2,560/yr
How long do you plan to own the vehicle?
Average: 12,000 miles/year