## How much will a Tesla Model 3 cost per month?

I am assuming the question is about charging costs and not lease payments. The easy way to figure your charging cost is the following:

Figure out your cost for electricity at the time you would charge. This should be expressed as cents per kWh. Say that is 12 cents per kWh, for example. The charging time could be important, because EV charging at night sometimes gets a favorable rate. For example, my night rate is 7.3 cents per kWh.

Divide that kWh cost by 3.5. In the example, the result would be about 3.4. That is your cost of driving a mile. This is because the Model 3 should drive about 3.5 miles per kWh. It could be as high as 4 miles per kWh.

Figure out how many miles a month you will drive. Multiply cost per mile and miles per month. If you drive 1000 miles per month, that is 3429 cents, or \$34.29 per month in charging costs.

If you charge at work, charging costs would be less (maybe zero) since your employer would be paying for the electricity. SuperCharger cost for the Model 3 is not yet known.

This assumes, of course, that you aren't paying for 3rd party charging.

There shouldn't be be many other operating costs. Eventually, you will need to buy new tires.

This is entirely variable depending on your location, features, interest rate etc

For example, with the Model S/X Tesla have run finance promotions which has seen the interest rate cut from 5.9% to ~1.5%. This in itself can save £100′s per month on a £100,000 Tesla

Taking a Base Model 3 though (£35,000) and a 20% deposit (£7,000)

Remaining Balance: £28,000

PCP Duration: 4 Years (as Standard)

Interest: 5.91% APR

GFV: Estimated at 35% of Price (£12,250) - this is the balloon payment

Mile Limit: 10,000 miles

Monthly Price: £397 per month

If you were to take the entire balance over the four year period and the same terms, the price would be £656 per month

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