The cost to own a Tesla Model Y depends on several factors, such as the model you choose and the optional features you select. As of October 2020, the Model Y starts at a base price of $49,990 for the Long Range version.
This base price can jump to up to $83,990 with all the fixins’ included. Additionally, Tesla offers the Model Y in a Performance variant that offers an estimated 303 miles of range and wears a now-steal-of-a-price-tag of $62,990.
When purchasing a Tesla Model Y, the purchase process is very simple and straightforward. All transactions are done online, via their website. When you hit the custom order button for the Model Y, the site takes you to a very streamlined configurator experience where you first decide if you want the long range version or the performance version. You also have a few upgrade options to choose from, such as the exterior color and the size of the wheels. The Model Y comes standard with 5 seats, but there is an option to upgrade to a 7 seat configuration for an extra $3,000. Additionally, the autopilot and the optional full self driving capability is an $8,000 dollar add on.
Once you’ve finished customizing the vehicle, you’re then ready to enter in all of your personal details and reserve the vehicle for purchase. The only thing due at this moment is a $100 dollar non-refundable deposit to hold your reservation.
When your Tesla arrives at your location, there are several fees associated with finalizing the purchase. These include the destination fee, documentation fee, order processing fee, vehicle registration fee and dealer prep fee. Depending on what state you live in, you might also have a local government incentive or rebate which can be up to $2,000. Lastly, for this exercise, I assumed that just about half of the purchase price of the vehicle would be financed.
In summary, the cost to own a Tesla Model Y can vary from $49,990 up to $83,990, depending on the features and options you select. Additionally, there are fees associated with finalizing the purchase of the vehicle, such as the destination fee, documentation fee, order processing fee, vehicle registration fee and dealer prep fee. These fees can vary depending on the state that you live in. Lastly, you may be eligible for a.
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