Motoring Today

Tesla Model 3 cost of ownership

Real numbers from 7 Tesla Model 3 cars in stock — finance, VED, fuel mix and depreciation.

Reviewed by the Motoring Today Editorial team · methodology in our editorial standards.

How much does it cost to run a Tesla Model 3?

The typical Tesla Model 3 on Motoring Today costs around £365/mo on representative PCP/HP finance. Annual VED, fuel mix and total cost are itemised below.

Median price
£17,490
Median £/mo
£365

With 4 Tesla Model 3s currently for sale on Motoring Today, starting from £13,995, this popular electric saloon offers a compelling used car proposition. Available models span from 2020 to 2023, showcasing a relatively modern fleet. A representative finance example for the cheapest Model 3 available is £313 per month, though finance is always subject to status. As an electric vehicle, the Model 3 typically benefits from lower Vehicle Excise Duty (road tax) and ULEZ exemption, contributing to its everyday affordability. Understanding the true cost of ownership involves more than just the purchase price. Key factors include the cost of charging (your 'fuel' or energy), which can vary significantly depending on charging location and electricity tariffs. Insurance premiums are another major consideration, influenced by your personal circumstances and the vehicle's specification. Servicing costs for electric vehicles are often reported as lower than traditional internal combustion engine cars due to fewer moving parts, but routine maintenance is still essential. Finally, depreciation remains a significant, albeit often overlooked, running cost for any used vehicle. While the Model 3 has historically demonstrated strong residual values, this figure will fluctuate over time and with mileage. Motoring Today's detailed calculators on this page can help you estimate these running costs more accurately for your specific circumstances and chosen Model 3.

Tesla Model 3 insurance group

41–50 of 50

Median price
£17,490
From £12,995
Median monthly finance
£365/mo
Representative PCP/HP
Median CO₂
—
Drives ULEZ + VED
Est. depreciation
—
Vs. original list price

Fuel cost at today's prices (updated quarterly)

Estimated fuel cost
£617 / year
Cost per mile
7.7p / mile

Typical Tesla Model 3 running cost for a private driver at 8,000 miles/year. Based on ~3.5 miles/kWh home charging, at a typical home electricity tariff of 27p/kWh domestic electricity (updated 1 Apr 2026).

Pump prices: DESNZ weekly road fuel prices; electricity: DESNZ Quarterly Energy Prices — both Open Government Licence v3.0, updated weekly/quarterly. An estimate for comparison, not a guaranteed cost; your economy, mileage and tariff will vary.

Official MPG, CO₂ & insurance by trim

Trim-level specifications for the Tesla Model 3 (Electric), across 10 recorded variants.

Performance
241–453 bhp
Power
2.9s
0–60 mph (fastest)
163 mph
Top speed
Economy & running costs
0 g/km
CO₂
394 mi
Electric range (max)
88 kWh
Battery (max)
£0
Road tax (VED)
41–50 of 50
Insurance group
Dimensions & practicality
4,694 mm
Length
2,088 mm
Width
1,443 mm
Height
2,875 mm
Wheelbase
1,828 kg
Weight
5
Seats
4
Doors
Euro NCAP safety
5-star · tested 2019
94%
Safety assist

The Tesla Model 3 was tested by Euro NCAP in 2019 and was awarded a 5 star overall rating. This overall rating is calculated from the following individual ratings:

Automatic 5 seats New from £41,990
TrimFuelPowerMPGCO₂Ins.
Performance AWD 4dr AutoAutomaticElectric453 bhp—048
Long Range AWD 4dr AutoAutomaticElectric346 bhp—041
Long Range RWD 4dr AutoAutomaticElectric279 bhp—050
RWD 4dr AutoAutomaticElectric241 bhp—050

Manufacturer specifications aggregated across recorded trims; individual cars vary by options and age. Figures are a guide — confirm exact spec with the seller.

Annual VED (road tax) bands

CO₂ bandAnnual VEDShare of stock
Zero-emission (standard rate)£200100%

Indicative standard-rate VED. Cars over £40k list price pay an additional supplement for years 2–6.

Fuel mix in stock

Electric · 100%

Frequently asked questions

How much does it cost to run a Tesla Model 3?
The main costs for a Tesla Model 3 typically include electricity for charging, insurance, and servicing. As an electric vehicle, it benefits from zero road tax in the UK. Depreciation is also a significant factor in overall ownership cost. You can purchase a used Tesla Model 3 from £14,995, or from £335 per month subject to status.
Is a used Tesla Model 3 expensive to maintain?
Generally, electric vehicles like the Tesla Model 3 have fewer moving parts than petrol or diesel cars, potentially leading to lower routine maintenance costs. However, overall maintenance expenses can vary depending on the car's age, mileage, and how it has been driven. Tyre wear can be a factor due to the instant torque.
How many used Tesla Model 3 cars are for sale?
Currently, we have 4 used Tesla Model 3 cars for sale. These models span from the 2020 to the 2024 model years, offering a range of options.

More Tesla Model 3 resources