2024 Tesla Model 3 Cost in Rhode Island
Complete cost breakdown including taxes, insurance, fuel, and maintenance
Total 5-Year Cost
$63,287
Monthly Equivalent
$1,055
Sales Tax
7%
Annual Insurance
$3,038
Complete Cost Breakdown
Total Cost of Ownership
$63,287
Over 5 years in Rhode Island
Monthly Equivalent
$1,055/mo
12,000 miles/year
Purchase Price
$40,240
Sales Tax
$2,817
7% in Rhode Island
Registration
$600
5 years
Insurance
$15,190
$3,038/year
Electricity
$3,370
$674/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
Rhode Island Vehicle Costs
Sales Tax Rate
7%
State: 7% + Local: 0%
Avg Insurance
$2,250
Ranked #40 of 50 states
Registration Fee
$120
Per year (average)
Electricity Price
$0.22
Per kWh
Frequently Asked Questions
What is the total cost of owning a 2024 Tesla Model 3 in Rhode Island?
The total 5-year ownership cost is approximately $63,287, which includes the purchase price ($40,240), sales tax (7%), insurance (avg $2,250/year), fuel, maintenance, and registration fees.
How much is insurance for a Model 3 in Rhode Island?
The average annual insurance cost in Rhode Island is $2,250. For this Model 3, the estimated annual insurance is $3,038, which may vary based on your driving record, age, and coverage level.
What are the registration fees in Rhode Island?
In Rhode Island, the average annual vehicle registration fee is $120. 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: $2,250/yr
How long do you plan to own the vehicle?
Average: 12,000 miles/year