5-Year Ownership Cost: Tesla Model 3 vs Honda Accord Hybrid via insideevs.com
The Model 3 RWD has an 8-year, 100,000-mile battery/powertrain warranty and a 4-year, 50,000-mile basic warranty. The Accord Hybrid has an 8-year, 100,000-mile battery warranty, a 5-year, 60,000-mile powertrain warranty, and a 3-year, 36,000-mile general warranty.According to Cleanerwatt, a 2017 Model 3 LR has, on average, lost around 35% of its value meanwhile a 2017 Accord Touring has lost approximately 42% of its value.
Data was not provided for the latest Model 3 RWD trim, which was not available in 2017.Factoring in all of the above, the cost of ownership for a Model 3 RWD is $20,452 meanwhile total cost for an Accord Hybrid EX-L is $23,892 while the Accord Hybrid Touring comes in at $26,219 . Factoring in the federal tax credit , the Model 3's total cost comes down to $12,952 . In all likely scenarios, the Model 3 tends to be cheaper to operate, despite the high initial cost.
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