TRUE COST OF TESLA MODEL Y AFTER 2 YEARS

EV Channels Review

This video provides a comprehensive breakdown of the true cost of owning a 2020 Tesla Model Y after 25 months and 34,235 miles. The reviewer highlights that while the initial purchase price is high (over $63,000 out-the-door for his configuration), the long-term operational costs are significantly lower than a comparable gasoline vehicle like the Honda CR-V. Key savings come from charging costs, which are estimated between $2,108 (home charging) and $3,558 (supercharging exclusively) over two years, compared to $6,728 for gasoline. Maintenance costs were minimal, primarily consisting of tire replacement ($1,135) due to an alignment issue, with no oil changes or regular mechanical repairs needed. Insurance costs were around $132/month with Tesla Insurance. A notable point is the strong value retention of the Model Y, with its trade-in value remaining high. The reviewer concludes that while the Model Y is more expensive upfront than many alternatives, its lower running costs and excellent resale value make it a financially sound choice for those already in its price bracket, though it's not the cheapest option overall for budget-conscious buyers.