Motoring Today

Tesla Model Y cost of ownership

Real numbers from 3 Tesla Model Y 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 Y?

The typical Tesla Model Y on Motoring Today costs around £419/mo on representative PCP/HP finance. Annual VED, fuel mix and total cost are itemised below.

Median price
£19,895
Median £/mo
£419

With 3 Tesla Model Ys currently available on Motoring Today, starting from £23,300 for a cash purchase or a representative £444 per month, this popular electric SUV has a strong presence in the used market. These examples span model years from 2023 to 2026, offering buyers a choice of relatively new vehicles. Understanding the real cost of ownership beyond the initial purchase price is essential for any used car, and the Model Y is no exception. The true running costs of a used Tesla Model Y comprise several key elements. Fuel, or in this case, electricity, is a primary ongoing expense, varying based on charging habits and mileage. Insurance premiums will depend on individual driver profiles and the specific model variant. Road tax, or Vehicle Excise Duty (VED), is typically minimal or zero for fully electric vehicles, which can be a significant saving. Regular servicing, though potentially less frequent for electric cars compared to petrol or diesel, still contributes to the overall cost. Finally, depreciation, while not a cash outlay, represents the reduction in the car's value over time. This page aims to clarify these expenses, providing tools and insights to help you budget accurately for a used Tesla Model Y. While the representative monthly finance example of £444 is available, please remember that finance is subject to status. Use our detailed calculators and guides to gain a comprehensive understanding of what owning a used Model Y will truly cost you.

Tesla Model Y insurance group

45–50 of 50

Median price
£19,895
From £16,995
Median monthly finance
£419/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 Y 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 Y (Electric), across 5 recorded variants.

Performance
342–420 bhp
Power
3.5s
0–60 mph (fastest)
155 mph
Top speed
Economy & running costs
0 g/km
CO₂
372 mi
Electric range (max)
78.1 kWh
Battery (max)
45–50 of 50
Insurance group
Dimensions & practicality
4,751 mm
Length
2,129 mm
Width
1,624 mm
Height
2,890 mm
Wheelbase
1,979 kg
Weight
5
Seats
5
Doors
Euro NCAP safety
5-star · tested 2022
98%
Safety assist

The Tesla Model Y SUV was tested by Euro NCAP in 2022 and was awarded a 5 star overall rating. This overall rating is calculated from the following individual ratings:

Automatic 5 seats New from £44,990
TrimFuelPowerMPGCO₂Ins.
RWD 5dr AutoAutomaticElectric342 bhp—046
Performance AWD 5dr AutoAutomaticElectric420 bhp—050
Long Range AWD 5dr AutoAutomaticElectric378 bhp—048

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 · 67%ELECTRIC · 33%

Frequently asked questions

How much does it cost to run a Tesla Model Y?
Running a Tesla Model Y involves costs for charging (electricity), insurance, and occasional servicing. As an electric vehicle, it is exempt from road tax in the UK. Depreciation is also a significant factor in overall cost of ownership. The cheapest cash price for a used Model Y is £21,685, or from £452 per month on finance.
Is a used Tesla Model Y expensive to maintain?
Maintenance costs for a used Tesla Model Y are generally considered lower than for comparable petrol cars, as electric vehicles have fewer moving parts. However, costs can vary significantly based on the car's age, mileage, and how it has been previously maintained. Specialist parts or repairs, if needed, could be more expensive.
How many used Tesla Model Y cars are currently for sale?
There are currently 3 used Tesla Model Y cars for sale, ranging from model years 2023 to 2026.
What finance options are available for a used Tesla Model Y?
We offer various finance options, with representative examples starting from £452 per month. Finance is subject to status, and detailed payment calculators are available on the page for specific vehicles.

More Tesla Model Y resources