TESLA MODEL Y: TRUE COST AFTER 1 YEAR

EV Channels Review

This video provides a comprehensive breakdown of the true cost of ownership for a Tesla Model Y after one year. The reviewer details initial purchase price, including taxes and fees, financing costs, insurance, and crucially, charging expenses. While the initial outlay is significant, the reviewer highlights substantial savings on fuel compared to a gasoline equivalent like the Toyota RAV4, especially when charging at home. Maintenance costs are noted as zero for the first year, a significant advantage. Insurance costs are presented as higher than a previous gasoline car, but this is attributed to location and driver profile. The reviewer also touches upon depreciation, noting Tesla's strong value retention. Future costs like DMV renewal, tires, and potential repairs are discussed, along with advice on insurance coverage for glass. Overall, the video concludes that while expensive, the Model Y offers considerable long-term savings, particularly in fuel and maintenance, though total cost can vary significantly based on individual circumstances, incentives, and financing choices.