2024 Tesla Model 3 Cost in Mississippi
Complete cost breakdown including taxes, insurance, fuel, and maintenance
Total 5-Year Cost
$57,582
Monthly Equivalent
$960
Sales Tax
7%
Annual Insurance
$2,174
Complete Cost Breakdown
Total Cost of Ownership
$57,582
Over 5 years in Mississippi
Monthly Equivalent
$960/mo
12,000 miles/year
Purchase Price
$40,240
Sales Tax
$2,817
7% in Mississippi
Registration
$900
5 years
Insurance
$10,870
$2,174/year
Electricity
$1,685
$337/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
Mississippi Vehicle Costs
Sales Tax Rate
7%
State: 5% + Local: 2%
Avg Insurance
$1,610
Ranked #31 of 50 states
Registration Fee
$180
Per year (average)
Electricity Price
$0.11
Per kWh
Frequently Asked Questions
What is the total cost of owning a 2024 Tesla Model 3 in Mississippi?
The total 5-year ownership cost is approximately $57,582, which includes the purchase price ($40,240), sales tax (7%), insurance (avg $1,610/year), fuel, maintenance, and registration fees.
How much is insurance for a Model 3 in Mississippi?
The average annual insurance cost in Mississippi is $1,610. For this Model 3, the estimated annual insurance is $2,174, which may vary based on your driving record, age, and coverage level.
What are the registration fees in Mississippi?
In Mississippi, the average annual vehicle registration fee is $180. 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% • Insurance Avg: $1,610/yr
How long do you plan to own the vehicle?
Average: 12,000 miles/year