- So the Model Y is here and you can go order one
and configure one right now on Tesla's website.
But they don't tell you everything
that it's gonna cost when you do that.
So I've created a new calculator
that'll show you the true cost of owning a Tesla Model Y.
Let's go. (energetic upbeat music)
So here on Teslanomics.co
you can head up to the calculator section
and then click on Tesla Model Y cost calculator.
And it's very similar to what I did with the Model 3.
It'll include a lot of additional costs that you'll incur,
and that's kind of the point here,
is to help you understand how much it's gonna actually
cost you to get one of these vehicles.
So first off, you need to choose the car.
We have the ones that are currently available
the long range rear wheel drive at $47,000 US,
long range dual motor and the performance dual motor.
Then you have the autopilot options
which are kind of collective or cumulative
where if you check full self driving
you also have to get autopilot
so you can get autopilot without it,
but otherwise you have to have both of them.
Then you can choose the interior option
and it'll add $1,000 there.
Choose whatever color you like,
let's say maybe you want the red here
kind of like that definitely don't want the white interior.
Then if you choose the performance model
as I did you'll get the 20 inch sport wheels
kinda see the image updating there.
Then you have the interior layout,
the five seat interior is included
and you have the seven seat interior which you can choose
for an additional $3,000.
Now the finances section here is important.
So the dock fees we're guessing at $1,200 US could change,
could be 1,000 we've seen it kind of fluctuate
with the Model 3 before and the tax rate
I'm trying to pre-fill based on your location
if you're in the United States
but if you're in another country or something
make sure that this tax rate is updated
to whatever you think it is.
Also you can choose a different currency
if it defaulted to USD and you're in another location.
So these are all just kind of speculative at this point,
we'll get more obviously down the road.
But once you've selected your car,
you've kind of configured it looks how you think
it should look you click loan for the next step,
go down and we've already pre-calculated
your loan information here so the price of the vehicle
as I've configured is $70,500.
We've got taxes being calculated at the rate listed above,
the fees from above, giving you a total here of $77,516.25.
Now, we prefilled the loan terms for 60 months
or five years, a very common one,
and current common interest rate in the United States
of 3.25% with $2,500 down payment,
but just go ahead and update these
to whatever you're getting.
If you go get a quote from a bank,
whatever the case may be, just make sure that this matches.
Next you have to consider charging.
So when you go down to charging there,
I kind of look at it as, how much is it gonna cost you
and the two factors there is how far do you drive.
How do you drive and what is the cost per kilowatt hour.
I'm trying to default these to the statewide averages
in the United States but if it doesn't appear correct
or if you have solar or some other factor that adjust this,
just go ahead and change that.
Also with your commute, this is in miles.
And then how fast do you drive or how you drive
is based on essentially the efficiency rating.
I'm taking the efficiency rating I saw at the,
for the Model 3 and adding 10%.
We don't know the official efficiency rating yet,
but we'll update this down the road
as those numbers kinda come in.
Last step, we click on here and we look at any extra.
So insurance again I'm defaulting it to $120
with a link here to Esurance where you can actually
go get a quote and then incentive.
So if you have any kind of a federal incentives
or state and incentives or government incentive,
you can add those there.
Now these don't come off the loan price
but they do affect the overall results.
So once you have everything figured out here,
you click see results and you can see the one
I configured here using the loan terms
and everything else is gonna cost me about $1,500 per month.
That's quite a bit.
But that's using the basic math that we set up there.
So your monthly cost estimate breaks down like this,
a payment of almost 1,400 charging costs of $65,
that insurance giving you that total cost of $1,541.39.
The charging details kind of vary a little bit.
But essentially your daily charging costs will be two bucks,
and it would take about an hour and 20 minutes.
That's just basically to refuel from your commute.
So it's not a full charge of this is just
what you would expect the typical
charge time on an average day.
And then you have the net cost and this essentially
just takes into account any incentives here.
It also throws in the loan interest and all that.
So overall out the door for the one
I configured here just under $84,000.
So hope this helps you guys figure out
what you're gonna do and kind of just get a fuller picture
of exactly what's gonna happen
when you purchase your Tesla Model Y.
One thing I didn't mention because it's kinda
out of the scope is this is if you need to install
some sort of charging in your home
that can be an added cost.
Now there are a couple options is just to plug it
into a regular wall outlet if you don't drive much
you can live off that totally I've done it.
You can also use by an adapter for around 35 bucks
which will plug into a dryer outlet.
So that's another option
if you have a home with a dryer outlet.
Otherwise you have to install either a wall charger
which is kinda the top of the line option
if you have a really nice garage I recommend that.
Otherwise, you can just get an outlet install the NEMA 14-50
and then use the UMC the Universal Mobile Charger
for that one and so that that'll give you
kind of everything you need.
Now again I didn't include that
because maybe you already have some of that
and everybody's situation is different.
So hope this helps you guys and let me know
if I missed anything or any updates come
because the changes in the pricing
and everything else happens very soon so I'll just try
to keep abreast this as best I can, no promises though,
because they are kind of erratic there.
So let me know what you think
and what you guys decided in the comments below
and thanks for watching.
So don't forget when you free the data
your mind will follow.
I'll see you guys back here in the next one.
(energetic upbeat music)
Hey, thanks for watching the video.
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