Compare the true cost of ownership
Enter your current car and the Tesla you're considering
Your Current Car
Toyota Corolla
Petrol
Tesla You're Considering
Model 3
Assumptions
Mortgage rate, savings rate, etc.
Upfront difference: $30,000
Tesla doesn't break even within 10 years
This is an estimate based on average rates and current prices. See methodology | See all data
Net Cost of Ownership
Purchase price + running costs + opportunity cost of capital, minus resale value. Bands show depreciation uncertainty.
Year 1 - Current Car
Fuel$2,758
Maintenance + tyres$1,408
Rego + WoF$170
Insurance$1,200
Depreciation$750
Resale value after yr 1$14,250
Net cost of year 1$6,286
Year 1 - Tesla
Electricity$522
Maintenance + tyres$850
Rego + WoF$170
RUC$912
Insurance$1,800
Opportunity cost$1,543
Depreciation$5,400
Resale value after yr 1$39,600
Net cost of year 1$11,197
Annual Cash Running Costs
What you actually pay each year (fuel, maintenance, rego, insurance, RUC)