Real example report: worked calculation, not a quotation

Tesla Model Y Long Range AWD 2022

Make
Tesla
Model / derivative
Model Y Long Range AWD
Year
2022
Fuel
Electricity
Engine
0 cc
CO2
0 g/km

Every example on this page uses the same standard scenario: 7,400 miles/year, 3-year ownership, finance purchase, so the figures are directly comparable across vehicles.

Total cost of ownership

Source data
Per month£431/mo
Per year£5,177/yr
Cost per mile£0.70/mile
3-year total£15,531calculated, not a source figure

Calculated as the report's annual ownership cost (£5177) x the 3-year ownership period. Not a figure printed in the source report.

Cost breakdown

Every category this report covers, largest first.

Depreciation£1,675/yr32%
Insurance£840/yr16%
Fuel / Energy£714/yr14%
Finance / Leasing£646/yr12%
Service & MOT£535/yr10%
Maintenance & Repairs£268/yr5%
Urban Costs (CC / ULEZ / Parking)£240/yr5%
Tyres£135/yr3%
Roadside Assistance£124/yr2%
VED / Road TaxNot provided

Quick answers

What does it cost to own a Tesla Model Y Long Range AWD 2022?

In this real 73 Auto example, total cost of ownership for this Tesla Model Y Long Range AWD 2022 is £431/month (£5,177/year), based on 7,400 miles/year over a 3-year finance ownership scenario.

What are the running costs of a Tesla Model Y Long Range AWD 2022?

Day-to-day running costs, including insurance, fuel / energy and service & mot and 4 other costs, total £2,856/year (£238/month) in this example, excluding depreciation and finance.

What is the road tax (VED) for a Tesla Model Y Long Range AWD 2022?

This example report does not include a separate VED/road tax figure for this Tesla Model Y Long Range AWD 2022 (Not provided). See the cost breakdown below for what was actually reported.

What is the depreciation on a Tesla Model Y Long Range AWD 2022?

Depreciation accounts for £1,675/year (32% of the total cost) for this Tesla Model Y Long Range AWD 2022 in this example.

What drives this cost

For this Tesla Model Y Long Range AWD 2022, Depreciation is the largest ownership-cost category, making up 32% of the annual total (£1,675/year of £5,177/year). That is well ahead of the next-largest category, Insurance, at 16%, a gap of 16 percentage points. Depreciation and finance together make up 44% of the annual cost, while day-to-day running costs (fuel/energy, insurance, servicing, maintenance, tax, tyres and roadside assistance combined) make up 55%. As an electric vehicle, running costs here are calculated from an energy price of £0.30/kWh rather than a fuel price, with fuel/energy making up 14% of the total.

What this example is

This is a worked example for one specific vehicle under the stated assumptions, not a quotation or financial advice. A different registration, condition, location, driving pattern, insurance profile or finance agreement will produce a different result. See the methodology and data sources behind this figure.

For what these figures add up to and why, see what Total Cost of Ownership means and UK car running costs. For the VED line above, see electric car tax: do EVs pay road tax?.

ElectricityReal example

Tesla Model 3 Long Range AWD 2019

£393/month

£4,722/year · £0.64/mile

£14,166 calculated 3-year total

Depreciation£1,213/yr26%
Insurance£780/yr17%
Fuel / Energy£714/yr15%
Service & MOT£669/yr14%
See the full example
ElectricityReal example

BMW I4 EDRIVE35 M Sport 2024

£487/month

£5,839/year · £0.79/mile

£17,517 calculated 3-year total

Depreciation£1,664/yr28%
Insurance£1,100/yr19%
Finance / Leasing£950/yr16%
Fuel / Energy£714/yr12%
See the full example
ElectricityReal example

Hyundai Ioniq 5 Ultimate EV 2023

£444/month

£5,333/year · £0.72/mile

£15,999 calculated 3-year total

Depreciation£1,828/yr34%
Insurance£970/yr18%
Finance / Leasing£722/yr14%
Fuel / Energy£714/yr13%
See the full example

Ownership cost comparisons