As someone who actually owns one, you can easily afford a Tesla Model 3 with a salary under $70,000.
How does the average person afford a Tesla?
The average person cannot afford a Tesla Model X. According to financing guidelines one should keep the car payment at or below 10% of gross income, and the median family income in the US for 2017 was is $59,039. That gives a maximum car payment of $492 per month.
How much money should I save for a Tesla?
Fuel cost for 15,000 miles Tesla Camry
-------------------------- ------- ------
Year 1 $1,755* $1,589
Year 2 $555 $1,589
Total fuel cost $2,310 $3,178
Do you have to be rich to buy a Tesla?
So yes, you don't necessarily have to be rich to buy a $38,000 Model 3. But if you're making a monthly payment of $519 for a new Tesla Model 3, that's $6,228 a year — and many other vehicles will cost you less.21 Dec 2021
How much salary do you need to buy a Tesla?
With these guidelines I would recommend consistent earnings of $300K to buy a well equipped new Tesla Model S or X. You could also put down a deposit on a Model 3, which will probably be around $42K nicely optioned! You don't need any salary at all.
Is it worth buying a Tesla Model 3?
Ideal for: Anyone who wants to switch to a battery-powered vehicle, but doesn't want to pay over the odds. While the Model 3 is by no means cheap, it has a balance of performance, luxury, and affordability that just can't be beaten.
Do you really save money with a Tesla?
On the other hand, the Tesla Model S has an electric charge cost of $0.037 per mile (which is roughly the cost you'd pay to charge your Tesla at home), which puts you at $555 to drive the same distance of 15,000 miles. So, yes, the fuel savings with a Tesla is significant.30 Nov 2021
Is a Tesla Model 3 Worth the cost?
Our Verdict The Tesla Model 3 is not the cheapest electric car, and it's certainly not the best performing, but it does manage to offer exceptional range, solid performance, and a comfortable luxurious ride for a pretty reasonable price.18 Jan 2022
How much money do you save with a Tesla Model 3?
That's $7,000 in lifetime savings. The Tesla Model 3 costs less than the gas-powered BMW 330i, and only a little more than the Audi A4. But Consumer Reports found that Model 3 owners save about $17,000 over those who opt for the luxury German sedans.27 Oct 2021
Is Tesla cheaper to maintain?
Tesla maintenance costs are some of the lowest on the market, but the cars still carry a high price tag. That being said, Elon Musk's Teslas do need specialized care, and some repairs can be very expensive. Third-party extended warranties can help even out the cost of ownership, especially as cars get older.8 Dec 2021