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Should I keep my Tesla Model Y?
Keeping a 4-year-old (2022) Tesla Model Y at typical mileage costs about $4,777 a year: $1,594 in value it loses, $1,636 insurance, $669 charging, $578 maintenance and repairs and $300 registration. A new one costs about $14,070 a year to own, mostly because new cars lose value faster.
By model year
What a Tesla Model Y 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 | $33,174 | $7,606 | $4,365 | $445 | 28.8 kWh/100 mi | Fewer than average |
| 2024 | $27,945 | $6,151 | $2,964 | $462 | 28.6 kWh/100 mi | Fewer than average |
| 2023 | $24,231 | $5,257 | $2,054 | $554 | 27.6 kWh/100 mi | Fewer than average |
| 2022 | $21,513 | $4,777 | $1,594 | $578 | 27.6 kWh/100 mi | Fewer than average |
| 2021 | $19,322 | $4,840 | $1,546 | $744 | 27 kWh/100 mi | Fewer than average |
| 2020 | $17,243 | $4,432 | $1,125 | $769 | 28 kWh/100 mi | Fewer than average |
Should you keep it?
Keeping vs replacing your Tesla Model Y
- Cheapest year to keep: 2020, at about $4,432 a year.
- Fewest repair-heavy complaints: 2020.
- Older isn't always cheaper: value lost shrinks as a car ages, but maintenance and repairs grow, from $445 a year for a 2025 to $769 for a 2020.
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 Y against any replacement, including the costs of switching.
Questions
Common questions
How much does it cost to own a Tesla Model Y per year?
For a 2022 model at typical mileage, about $4,777 a year in value lost, insurance, charging, maintenance, repairs and registration, not counting any loan. Years in the table range from $4,432 to $7,606.
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