FYI: After six years and 144,000 miles, a Tesla Model 3 owner reveals the true cost and savings, highlighting why he remains committed to his EV.
The Tesla Model 3: An In-Depth Look at Long-Term Ownership
The Tesla Model 3 has become a staple in the electric vehicle (EV) market, known for its innovative design and eco-friendly appeal. YouTuber Andy Slye, an early adopter of this popular EV, offers a rare glimpse into what long-term ownership entails. After six years and an impressive 144,000 miles, he breaks down costs, savings, and his unwavering loyalty to the vehicle.
Andy Slye: A Glimpse into His Tesla Journey
Andy Slye is a well-known content creator dedicated to helping potential EV buyers make informed choices. His long-term review of the Tesla Model 3 provides invaluable insights into its performance, maintenance costs, and overall value.
Slye, who purchased his Model 3 six years ago for $54,000, has driven it around 144,000 miles—equivalent to a decade of driving for the average person. Here’s a detailed look at his experiences and financial breakdown.
The True Cost of Owning a Tesla Model 3
Owning an EV like the Tesla Model 3 comes with unique expenses and benefits. Slye detailed his spending, revealing the additional costs on top of the car’s initial price:
- Modifications: Tinted windows to keep the car cooler, thereby reducing energy consumption.
- Maintenance: Tesla covered several free services, including a broken door handle, LTE signal issues, and a faulty GPS. However, Slye also incurred significant expenses, including two sets of new tires and replacing the front control arms—a known issue with this model.
Mind-Boggling Savings on Fuel
Arguably the most appealing aspect of Slye’s ownership experience is the staggering amount he has saved on fuel. Here’s a breakdown:
- Electricity Costs: Over 144,000 miles, Slye spent a modest $2,772 on electricity for charging.
- Total Ownership Costs: Combining all expenses, his total ownership costs have reached $75,175 so far.
- Annual Average: This amounts to about $7,517 per year, given the mileage equals what a gas car would typically accumulate over ten years.
Financial Comparison: Tesla Model 3 vs. Gasoline Cars
To provide more context, Slye compared his Model 3’s ownership costs with a gasoline car boasting similar specs. His conclusion was eye-opening: he saved over $20,000 by choosing an EV over a traditional gas-powered vehicle.
A Commitment to Sustainability
Despite the occasional maintenance costs, Slye’s savings on fuel and his positive ownership experience have solidified his commitment to the Tesla Model 3. "I’m going to drive it until the wheels fall off," he stated, indicating no plans to trade it in anytime soon.
Conclusion
Andy Slye’s journey with the Tesla Model 3 over six years and 144,000 miles is a testament to the enduring appeal and financial practicality of electric vehicles. With substantial savings on fuel and manageable maintenance costs, it’s clear why he remains devoted to his EV.
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William Rapp, Editor of Automotive.fyi
