How much is a Tesla per month?

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!

Kathryn Kurlychek · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
You probably already know that Teslas are more expensive than the average EV—which means you can expect higher-than-average loan or lease payments.
While every
car loan
is different, you can typically expect to pay between $570 and $1,850 per month for a Tesla car loan.
The exact monthly cost of your loan will depend on a few factors, such as:
  • The repayment period of your loan: A longer repayment period will result in lower monthly payments, but you’ll be charged more in interest over time.
  • The size of your down payment: If you’re able to put a lot of money down, you won’t have to pay off as much of the car later on
  • The model you choose: If you opt for a more expensive Tesla model, like the
    Model X
    , you’ll probably have a higher monthly payment.
  • Your interest rate: If you’re offered a lower interest rate, you won’t have to pay as much for your car loan each month.
Other factors that could affect your loan payments include your credit score, the state you live in, and the trade-in value of your current vehicle.
The table below gives you a closer look at pricing information and average monthly payments for Tesla models:
MSRP Range
Average monthly payment
$46,990 – $62,990
$104,990 – $135,990
$120,990 – $138,990
$65,990 – $69,990
Keep in mind: The averages shown above are based on the lowest-available (base) trim for that model, with a 10% down payment, a 72-month loan term, 5% sales tax (the national average), and an estimated APR of 4.90% (the average for new car buyers with credit scores between 661 and 780).
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Jerry partners with more than 50 insurance companies, but our content is independently researched, written, and fact-checked by our team of editors and agents. We aren’t paid for reviews or other content.

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