2024 Tesla Model 3 Cost in New York
Complete cost breakdown including taxes, insurance, fuel, and maintenance
Total 5-Year Cost
$62,851
Monthly Equivalent
$1,048
Sales Tax
8.49%
Annual Insurance
$2,903
Complete Cost Breakdown
Total Cost of Ownership
$62,851
Over 5 years in New York
Monthly Equivalent
$1,048/mo
12,000 miles/year
Purchase Price
$40,240
Sales Tax
$3,416
8.49% in New York
Registration
$700
5 years
Insurance
$14,515
$2,903/year
Electricity
$2,910
$582/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
New York Vehicle Costs
Sales Tax Rate
8.49%
State: 4% + Local: 4.49%
Avg Insurance
$2,150
Ranked #6 of 50 states
Registration Fee
$140
Per year (average)
Electricity Price
$0.19
Per kWh
Frequently Asked Questions
What is the total cost of owning a 2024 Tesla Model 3 in New York?
The total 5-year ownership cost is approximately $62,851, which includes the purchase price ($40,240), sales tax (8.49%), insurance (avg $2,150/year), fuel, maintenance, and registration fees.
How much is insurance for a Model 3 in New York?
The average annual insurance cost in New York is $2,150. For this Model 3, the estimated annual insurance is $2,903, which may vary based on your driving record, age, and coverage level.
What are the registration fees in New York?
In New York, the average annual vehicle registration fee is $140. 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: 8.49% • Insurance Avg: $2,150/yr
How long do you plan to own the vehicle?
Average: 12,000 miles/year