2024 Tesla Model 3 Cost in Illinois
Complete cost breakdown including taxes, insurance, fuel, and maintenance
Total 5-Year Cost
$60,707
Monthly Equivalent
$1,012
Sales Tax
8.84%
Annual Insurance
$2,619
Complete Cost Breakdown
Total Cost of Ownership
$60,707
Over 5 years in Illinois
Monthly Equivalent
$1,012/mo
12,000 miles/year
Purchase Price
$40,240
Sales Tax
$3,557
8.84% in Illinois
Registration
$755
5 years
Insurance
$13,095
$2,619/year
Electricity
$1,990
$398/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
Illinois Vehicle Costs
Sales Tax Rate
8.84%
State: 6.25% + Local: 2.59%
Avg Insurance
$1,940
Ranked #9 of 50 states
Registration Fee
$151
Per year (average)
Electricity Price
$0.13
Per kWh
Frequently Asked Questions
What is the total cost of owning a 2024 Tesla Model 3 in Illinois?
The total 5-year ownership cost is approximately $60,707, which includes the purchase price ($40,240), sales tax (8.84%), insurance (avg $1,940/year), fuel, maintenance, and registration fees.
How much is insurance for a Model 3 in Illinois?
The average annual insurance cost in Illinois is $1,940. For this Model 3, the estimated annual insurance is $2,619, which may vary based on your driving record, age, and coverage level.
What are the registration fees in Illinois?
In Illinois, the average annual vehicle registration fee is $151. 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: 8.84% • Insurance Avg: $1,940/yr
How long do you plan to own the vehicle?
Average: 12,000 miles/year