2024 Tesla Model 3 Cost in Maryland
Complete cost breakdown including taxes, insurance, fuel, and maintenance
Total 5-Year Cost
$59,689
Monthly Equivalent
$995
Sales Tax
6%
Annual Insurance
$2,579
Complete Cost Breakdown
Total Cost of Ownership
$59,689
Over 5 years in Maryland
Monthly Equivalent
$995/mo
12,000 miles/year
Purchase Price
$40,240
Sales Tax
$2,414
6% in Maryland
Registration
$925
5 years
Insurance
$12,895
$2,579/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
Maryland Vehicle Costs
Sales Tax Rate
6%
State: 6% + Local: 0%
Avg Insurance
$1,910
Ranked #10 of 50 states
Registration Fee
$185
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 Maryland?
The total 5-year ownership cost is approximately $59,689, which includes the purchase price ($40,240), sales tax (6%), insurance (avg $1,910/year), fuel, maintenance, and registration fees.
How much is insurance for a Model 3 in Maryland?
The average annual insurance cost in Maryland is $1,910. For this Model 3, the estimated annual insurance is $2,579, which may vary based on your driving record, age, and coverage level.
What are the registration fees in Maryland?
In Maryland, the average annual vehicle registration fee is $185. 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: 6% • Insurance Avg: $1,910/yr
How long do you plan to own the vehicle?
Average: 12,000 miles/year