Costs & verdict
Everyday costs, plus how reliable and safe it is
Costs, insurance groups, MPG and CO2
As we've already mentioned, the Model 3 is the cheapest car in Tesla's line-up – and by some margin. After you’ve taken into account the Government's plug-in car grant, the Standard Range Plus costs roughly the same as an equivalent BMW 3 Series.
The Model 3 makes most sense to company car drivers because its low CO2 emissions mean extremely low benefit in kind (BIK) tax bills. However, it shouldn’t be ruled out as a private buy; it’s predicted to depreciate remarkably slowly and you’ll spend a lot less on electricity than you would on petrol or diesel. Insurance costs are higher than on many conventional rivals, though.
Buying a Model 3 gives you access to Tesla’s own network of Superchargers, which allow you to charge the battery (from 10-80%) in as little as 30 minutes. You have to pay each time, but the price is reasonable.
You can also charge up at any public CCS charging point. This method takes longer (around 1hr 15min) for the same 10-80% top-up, whereas a full 0-100% charge at home using a 7kW charger takes around 11hr 45min.
Equipment, options and extras
All versions of the Model 3 come with plenty of luxuries, including climate control, adaptive cruise control, faux-leather seats (heated in the front) and keyless entry via an app on your phone.
Go for the Long Range or Performance version and, as well as the infotainment extras we’ve already mentioned, you’ll get heated seats in the back. It’s a good thing the Model 3 is so well equipped as standard, though, because there isn’t much on the options list.
The Model 3 comes with a four-year/50,000 mile warranty, with the battery and drive unit covered separately for eight years or 100,000 miles. Not only does this warranty cover the electrical bits against faults, it also guarantees a minimum 70% retention of battery capacity.
In the 2019 What Car? Reliability Survey, Tesla finished 4th out of 31 brands – a far better showing than in 2018. However, the Model 3 was too new to be included in the survey.
Safety and security
The Model 3 is one of the safest cars ever tested by Euro NCAP – it scored exceptionally well for both its ability to protect occupants in an accident and for its ability to help avoid a crash in the first place. The latter is thanks to automatic emergency braking (AEB) and blindspot monitoring featuring as standard.
As for security, as well as the usual accoutrements, there’s something called Sentry mode. When enabled, this uses the car’s external cameras to start recording when the car is approached after it’s locked, saving the footage to a USB drive. So, if someone tries to break in, or if someone drives into your Model 3 when its parked up, the cameras will record the incident.
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