Tesla Cost Calculator

The true cost of a Tesla in 2026 — monthly payment or lease, price after incentives, taxes and EV fees, plus five years of charging, insurance and depreciation. Rates and programs verified August 2026.

Vehicle Configuration

Model

Trim

Is this your first EV?CA's MyFirstEV rebate applies to first-time EV buyers only

Condition

State

Custom Price (MSRP: $47,490)

Down Payment: $5,000

APR: 7%

Term: 72 months

Defaults: US average APR (7% new / 10.5% used, Q2 2026). Tesla promo financing (0.99% Model Y, 1.99% Model 3 Premium & Performance as of Aug 2026) can be far lower — set the slider to your quoted rate.

Driving: 12,000 miles/year

Purchase CostUpdated Aug 2026

Vehicle Price$47,490

Order + Destination Fees+$1,640

CA's MyFirstEV ($3,500 new / $1,750 used) applies only to your first EV

Est. Sales Tax+$3,443

Registration+$500

Down Payment-$5,000

Total Financed$48,073

Estimated Monthly Payment

$820

72 months at 7% APR

5-Year Cost of Ownership

Depreciation$26,120

Charging (home + Supercharging)$3,468

Insurance (est.)$15,000

Maintenance & Tires$2,750

EV Registration Fees (CA)$590

5-Year Total$47,928

All-in cost per mile0.80 $/mi

vs a 32 mpg gas sedan: ~$4,070 less on fuel over 5 years (gas $7,538 vs charging $3,468)

Estimates, verified Aug 2026: EIA home electricity 18.4¢/kWh (80% home / 20% Supercharging at ~42¢), AAA gas $4.02/gal, EPA efficiency ratings, insurance aggregator midpoints, and depreciation from our tracked-sales curves. Your numbers will differ — especially insurance and electricity by state.

Tesla Payment & Loan Calculator

Set your price, down payment, APR and term above to see a real monthly payment — the math includes your state's vehicle sales tax, registration and EV fees, not just the sticker. Defaults use the Q2 2026 US average auto-loan rates (7% new, 10.5% used); Tesla's own financing promos (0.99% APR on Model Y, 1.99% on Model 3 Premium and Performance as of August 2026) can come in far lower, so plug in your quoted rate. Financing a used Tesla? The price field pre-fills with the live market median from our tracked inventory rather than a guess.

Tesla Lease Calculator

Switch the toggle above to Lease for an estimated lease payment on a new Model 3, Model Y or Cybertruck. Tesla doesn't publish residuals or money factors, so the estimate uses industry-typical figures (residual 55–57% of MSRP at 36 months, money factor 0.003 ≈ 7.2% APR) that you can adjust. Leasing trades equity for a lower payment — useful to compare directly against the finance number for the same car.

Tesla Cost of Ownership: Charging, Insurance & Cost per Mile

The 5-year panel adds what most payment calculators skip: charging at EIA's current 18.4¢/kWh home average blended with Supercharging, insurance midpoints per model, maintenance, your state's EV registration fees, and depreciation from our own tracked-sales curves — then divides it all into a cost per mile. It also shows what the same miles would cost in fuel in a comparable gas car. For market-wide pricing context, see live Tesla price trends.

Tesla Taxes, Fees & EV Incentives by State

Vehicle sales tax is anything but uniform: Georgia charges a one-time 7% title tax, North Carolina a 3% highway-use tax, five states charge nothing, and Connecticut adds a luxury rate above $50,000. On top of that, 41 states now charge annual EV registration fees — from $50 to $267 — and Texas and New Jersey collect multi-year EV fees upfront at purchase. The calculator applies your state's actual rates, plus the nine state EV rebate programs still open and funded as of August 2026 (including California's new MyFirstEV $3,500 rebate for first-time EV buyers).

How Much Does a Tesla Cost in 2026?

New: Model 3 starts at $36,990 (Premium AWD $47,490, Performance $54,990); Model Y at $39,990 (Premium AWD $49,990, Model Y L $61,990); Cybertruck at $69,990. Add Tesla's $250 order fee and $1,390–$1,995 destination charge. Used, from our tracked market: Model 3 medians run near $30,000, Model Y near $35,000, and the discontinued Model S and Model X — no longer sold new — trade around $58,000 and $64,000. Browse every used Tesla for sale or check what your current Tesla is worth.

Tesla Calculator FAQ

How much is a Tesla payment per month in 2026?

Financing a $47,490 Model 3 Premium AWD with $5,000 down over 72 months at the current 7% average APR comes to about $730/month including California taxes and fees. Tesla's own promo financing (0.99% on Model Y as of August 2026) can cut that by over $100/month. Use the calculator above with your state, price and rate for an exact figure.

Is it cheaper to lease or finance a Tesla?

Leasing usually has a lower monthly payment because you only pay for 2-3 years of depreciation, but you build no equity and face mileage caps. Financing costs more per month and you carry depreciation risk, but you own the car. The calculator's Finance/Lease toggle shows both numbers side by side for the same vehicle.

How much does it cost to charge a Tesla?

At the 2026 US average home rate of 18.4 cents/kWh, a Model Y at 280 Wh/mile costs about 5 cents per mile — roughly $620/year at 12,000 miles with mostly home charging. Superchargers average around 42 cents/kWh, about 2.3x home rates. A comparable 24 mpg gas SUV at $4.02/gallon costs about 17 cents per mile.

How much is Tesla insurance?

Full-coverage estimates in 2026 average about $3,000/year for a Model 3, $3,100 for a Model Y, and $4,400-5,500 for Model S, Model X and Cybertruck. Rates vary widely by state, age and record — the 5-year ownership panel uses these midpoints.

What is my Tesla worth as a trade-in?

Our valuation tool prices your Tesla against tens of thousands of tracked completed sales — the same data dealers use — and can bring you instant cash offers. It's free and takes under a minute. Get your Tesla's value →