2024 Tesla Model 3 Cost in Texas
Complete cost breakdown including taxes, insurance, fuel, and maintenance
Total 5-Year Cost
$61,451
Monthly Equivalent
$1,024
Sales Tax
8.19%
Annual Insurance
$2,846
Complete Cost Breakdown
Total Cost of Ownership
$61,451
Over 5 years in Texas
Monthly Equivalent
$1,024/mo
12,000 miles/year
Purchase Price
$40,240
Sales Tax
$3,296
8.19% in Texas
Registration
$625
5 years
Insurance
$14,230
$2,846/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
Texas Vehicle Costs
Sales Tax Rate
8.19%
State: 6.25% + Local: 1.94%
Avg Insurance
$2,108
Ranked #7 of 50 states
Registration Fee
$125
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 Texas?
The total 5-year ownership cost is approximately $61,451, which includes the purchase price ($40,240), sales tax (8.19%), insurance (avg $2,108/year), fuel, maintenance, and registration fees.
How much is insurance for a Model 3 in Texas?
The average annual insurance cost in Texas is $2,108. For this Model 3, the estimated annual insurance is $2,846, which may vary based on your driving record, age, and coverage level.
What are the registration fees in Texas?
In Texas, the average annual vehicle registration fee is $125. 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: 8.19% • Insurance Avg: $2,108/yr
How long do you plan to own the vehicle?
Average: 12,000 miles/year