How To Drive A Tesla Model S Electric Car Free For 18 Months

Tesla Model S 85D, 2015 Detroit Auto Show

Tesla Model S 85D, 2015 Detroit Auto Show

Enlarge Photo

The low cost of electricity compared to gasoline or diesel means driving an electric car typically comes with significant savings per mile, even if not necessarily in purchase price.

What could be better than dramatically reduced operating costs?

Well, how about driving a sexy, glamorous, high-performance electric car...for free?

DON'T MISS: Tesla Model X: Video, Spy Shots Of Prototype Testing On CA Roads

That's exactly what one Tesla Model S owner claims to have done.

When accounting for money saved on fuel and maintenance, a poster on the Tesla Motors official forum claims to have effectively driven his car for free for about 18 months.

Tesla Model S P85D, 2015 Detroit Auto Show

Tesla Model S P85D, 2015 Detroit Auto Show

Enlarge Photo

Here's how the owner--username "LeonardV" in the post--determined that. The figures listed below are his own calculations.

The car was purchased in California in September 2013 at a list price of $96,000, including the state sales tax.

However, the Model S was eligible for both the $7,500 Federal tax credit and $2,500 California rebate for new electric cars, effectively reducing the price to $86,000.

ALSO SEE: Life With Tesla Model S: Tires Cost Me More Than My 'Fuel' Does

The car now has 53,000 miles on it, and the owner believes he can sell it for $77,000--meaning it will have depreciated by $9,000 from the post-incentive price.

In addition, the car's loan includes interest at 2 percent APR, for an estimated $2,400 during the period of ownership.

However, that's where the costs stop, according to the owner.

Tesla Model S P85D, 2015 Detroit Auto Show

Tesla Model S P85D, 2015 Detroit Auto Show

Enlarge Photo
He claims not to have paid for any servicing, although the Model S has visited a Tesla service center for warranty repairs and free tire rotations.

Note that this regimen may not conform to Tesla's own service recommendations, and may not be possible depending on how a given car is used.

This Model S owner didn't have to pay for charging, either.

RELATED: Why I Had To Trade My Tesla Model S For A Brand-New P85D

The garage where the car was parked offered free charging, while Tesla's free-to-use Supercharger DC fast-charging stations were employed for longer trips.

In contrast, the owner calculates he would have spent $9,300 on fuel and $2,200 on maintenance driving an internal-combustion car the same distance over the same period of time.

That's assuming an average 20 mpg--somewhat below average for a modern car--with priced at an average $3.50 per gallon.

Tesla Model S P85D, 2015 Detroit Auto Show

Tesla Model S P85D, 2015 Detroit Auto Show

Enlarge Photo

Those estimated savings add up to $11,400--equally the amount paid in interest and lost through depreciation.

Hence: a "free" stretch of car ownership.

Of course, there are many variables present when calculating cost of ownership for a given car.

Not everyone can take advantage of the incentives and abundant charging infrastructure in electric-car friendly California, for example.

Still, this example shows just how much owners can potentially save by going electric.

[hat tip: Leonard Van Ryn]


Follow GreenCarReports on Facebook, Twitter, and Google+.

Follow Us

Take Us With You!


Get FREE Dealer Quotes

From dealers near you

Find Green Cars


© 2016 Green Car Reports. All Rights Reserved. Green Car Reports is published by Internet Brands Automotive Group. Stock photography by izmo, Inc.. Read Our Cookie Policy