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Should I keep my Tesla Model X?
Keeping an 8-year-old (2018) Tesla Model X at typical mileage costs about $5,999 a year: $1,881 in value it loses, $1,974 insurance, $938 charging, $905 maintenance and repairs and $300 registration. A new one costs about $23,338 a year to own, mostly because new cars lose value faster.
By model year
What a Tesla Model X costs to keep, by year
Next 12 months for a paid-off car at 12,000 miles a year, average insurance costs, $3.30 gas. Click a year to run your own numbers in Keep or Switch.
| Year | Value today | Cost to keep next year | Value lost | Maintenance and repairs | Efficiency | Repair complaints |
|---|---|---|---|---|---|---|
| 2025 | $58,976 | $11,826 | $7,760 | $446 | 35.9 kWh/100 mi | Fewer than average |
| 2024 | $49,680 | $9,217 | $5,269 | $461 | 34.5 kWh/100 mi | Fewer than average |
| 2023 | $43,078 | $7,604 | $3,651 | $550 | 34.4 kWh/100 mi | Fewer than average |
| 2022 | $38,245 | $6,742 | $2,833 | $574 | 34.4 kWh/100 mi | Fewer than average |
| 2021 | $34,349 | $6,768 | $2,748 | $744 | 34.6 kWh/100 mi | Fewer than average |
| 2020 | $30,653 | $6,029 | $1,999 | $802 | 35 kWh/100 mi | Fewer than average |
| 2019 | $27,795 | $6,044 | $1,939 | $841 | 38.7 kWh/100 mi | Fewer than average |
| 2018 | $25,080 | $5,999 | $1,881 | $905 | 38.7 kWh/100 mi | Fewer than average |
| 2017 | $22,503 | $5,943 | $1,825 | $985 | 37.5 kWh/100 mi | Fewer than average |
| 2016 | $20,058 | $6,115 | $2,006 | $1,038 | 37 kWh/100 mi | Fewer than average |
Should you keep it?
Keeping vs replacing your Tesla Model X
- Cheapest year to keep: 2017, at about $5,943 a year.
- Fewest repair-heavy complaints: 2023.
- Older isn't always cheaper: value lost shrinks as a car ages, but maintenance and repairs grow, from $446 a year for a 2025 to $1,038 for a 2016.
A paid-off car is usually the cheapest car you can drive, even with repairs: a replacement starts losing value the day you buy it and comes with tax, fees and often a loan. Switching tends to pay only when repairs get large and frequent, or a much more efficient car cuts fuel costs enough. Keep or Switch compares your Tesla Model X against any replacement, including the costs of switching.
Questions
Common questions
How much does it cost to own a Tesla Model X per year?
For a 2018 model at typical mileage, about $5,999 a year in value lost, insurance, charging, maintenance, repairs and registration, not counting any loan. Years in the table range from $5,943 to $11,826.
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