Can you (comfortably) afford a Tesla Model 3 2024 Sedan
Deciding which vehicle to purchase is among the biggest financial decisions that many people make. A Tesla Model 3 can be an excellent choice for those who can afford it. Taking into account the long term costs of a loan agreement can make it difficult to know how much income is required to comfortably afford a Model 3. Our calculator makes it easy to see the total costs of ownership.
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Starting Price Configuration
You'd need a 4-year income of at least…
$88,748.75/yr or $7,395.73/mo
to comfortably afford a Tesla Model 3 given a 20% down payment, financing $31,192.00 at a 6.49% rate.
Your costs after 4 years:
| Financing | $35,499.50 |
| Down payment | $7,798.00 |
| Total costs | $43,297.50 |
| Yearly | $8,874.88 |
| Monthly | $739.57 |
| One-time | $7,798.00 |
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Vehicle Price
The current full price of this vehicle without incentives.
Down payment
$7,798.00
Length of finance
48 months
Interest Rate
The finance rate for the loan.