What will my monthly payments look like if I buy a new Tesla? I want to know if it would be manageable for me on my current salary or if I should look for a different, less expensive car instead. I love Teslas, so I’m hoping there’s a way that I can make the payments work!
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Here are the estimated average monthly payments for new Teslas based on a credit score of 501-600:
- 2024 Tesla Model 3: Starting purchase price $38,990, monthly payment $613.30
- 2024 Tesla Model S: Starting purchase price $74,990, monthly payment $1,301.48
- 2024 Tesla Model X: Starting purchase price $79,990, monthly payment $1,397.06
- 2024 Tesla Model Y: Starting purchase price $42,990, monthly payment $689.76
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This video breaks down all the costs involved:
| Model | Starting purchase price | Monthly payment (661-780 credit score) |
|---|---|---|
| 2024 Tesla Model 3 | $38,990 | $557.73 |
| 2024 Tesla Model S | $74,990 | $1,183.55 |
| 2024 Tesla Model X | $79,990 | $1,270.47 |
| 2024 Tesla Model Y | $42,990 | $627.27 |
We have a Model 3 SR that we bought for $39,000. Our household income is about $110,000, and we put $10,000 down on it. We live in Florida.