Tesla Model 3 reservation holders can now have a head start when it comes to calculating their soon-to-be monthly payment thanks to a new online tool created by self-proclaimed data geek and Model S owner Ben Sullins of Teslanomics.
The Model 3 Monthly Cost Estimator uses a four step questionnaire to provide reservation holders with a picture of their financial commitment to owning a Model 3. Teslanomics’ tool accounts for loan rates, tax and fees, insurance costs, and even charging costs to establish an overall monthly cost of owning the vehicle. While Model 3 will fall under Tesla’s pay-per-use Supercharging model, Teslanomics assumes that a 40 mile daily commute under a spirited “fast” driving style will equate to roughly $1.80 per day in charging costs, or roughly $54.00 per month.
Aside from having the ability to select from current Model 3 upgrades, including battery range, wheel size, paint color, premium upgrade, and Autopilot, Sullins even went as far as including a currency converter within the cost estimator.
This latest calculator builds on Teslanomics’ previous tool that predicted the cost of a Model 3 after tax credits, and comes ahead of Tesla’s wide rollout of the official Model 3 online configurator.
Enter your Model 3 configuration details in the calculator below and find out what the vehicle could cost you per month.
Please note that the calculator is being provided courtesy of Teslanomics. The tool will prompt users with an optional contact form at the end of Step 4 (scroll back up to view results after clicking “See Results”). An accompanying video has also been embedded below the calculator.