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“Be prepared to be scared. So, why do I say that, folks? Well, what we’re going to be going over today is the true cost of owning a Tesla Cybertruck. You are not going to believe this,” begins the host of the Rev Nation YouTube channel as he explains what he has calculated as the final cost of owning a Cybertruck today.
Please Note: The numbers are based on what the host says are a conservative estimate and that the actual costs are expected to be higher once more data becomes available for 2025.
The Host’s Facts and Figures
- Average Purchase Price (End of 2024 for a Cybertruck): $116,706
- Sales Tax (About 7%): $8,169
- Registration Fees: $1,100
- 5-year Loan Interest (5%): $11,800
- Adjusted Insurance Costs for 5 years: $22,232
- Out of Warranty Repair Cost: $6,371
- 5 Years of Charging: $5,934
- Tire Replacement: $4,800
- Basic Accessories: $1,000
- Subscription Services Like FSD, Connectivity, Etc.: $8,495
- Home Charging Station: $1,700
Final 5-Year Cost of a Tesla Cybertruck: Approximately $188,000!
But Wait, It Gets Worse With Owning a Cybertruck
The host extends his cost analysis to when the time comes to sell your CT after 5 years:
“So, after you go to trade this in and you’ve got 75,000 miles on a 5-year-old Cybertruck… you’ll probably get, at the very most, $35,000. So, you have now spent a grand total of $153,309 and you will no longer have this vehicle So if you do the math that was costing you $2,555.15 a month to have a Cybertruck.”
Related article: These Cars Depreciate So Fast They Actually Lose Half Their Value In Only 3 Years ―New Report Reveals Many Popular Models and Shows How Tesla Compares
Folks―That’s part of like what is just absolutely wrong with the society we live in today… Would you spend that kind of money on a Cybertruck? I sure as heck wouldn’t,” advises the host
Video Post Comments Say “Add This to Your Total”
From his number crunching, I agree that his end tally is on the agreeable side of being conservative. If I had one number to question from reports about costs of repairs, it would include having a bricked Cybertruck until repairs can be made―necessitating the cost of a rental and/or a backup vehicle up to months every time a repair needs to be made. These out-of-warranty costs are very likely to be significantly higher than what he factored in.
Here are a few more cost points the viewers also made worth noting:
It costs $475.00 to replace a cyber truck tire not including installation and other hidden fees―@Oldschool-hb8rk
What also needs to be factored in is with the political climate the way it is now. I’d have to worry about rocks being thrown at it, and spray paint on the doors, and hood. That’s another financial cost. I will never buy one―@edwardschwenk3100
Don’t forget the cost of the wrap to hide the hilarity of the fit and finish of body panels and the rust too―@martindouglass3428
Sound Car Buying Advice From Thread Comments
Should you buy a new Cybertruck or take advantage of some very steep price drops advertised for used models?
A sampling of how others see this from the video comments offers the following sound advice to consider instead:
I’m doing the cheapest possible reliable car “experiment” right now. Bought a used Honda Fit for cash (from a dealer, so probably overpaid $1000-2000) and have kept track of every penny spent. I don’t drive much, well under 1000 miles per month. Even so, with relatively low insurance rates and low gas consumption, it ends up over $300/month to own the thing. Depreciation will be well over 50% of the expense for that cheap car… It’s astounding what people are willing to spend on a vehicle to imagine they look cool and keep up with the Joneses. It’s much more gratifying to own everything outright and have minimal expenses―@KevinKimmich44024
I haggled my dealer down to $20K for a 3-year-old 2009 Chrysler Aspen in 2014. It’s showing its age cosmetically, but it goes 500+ miles on a single tank of gas; I don’t have to mortgage my firstborn child for oil changes, it’s not rusted, it seats 8 people, and the only recall was airbags. It’s still the 2nd most dependable car I’ve owned (First was my ’88 Toyota Camry)―@jacksonlinda5919
The Real Cost Of Cybertruck Ownership Video
For your convenience, posted below is the video that offers some added details about the number crunching:
Tell Us What You Think: Given what we know about the practical realities of owning a Cybertruck, can you still justify buying one? No judgment here; it’s your money. But do the numbers change your feelings about buying one today? Let us know in the comments section below.
For additional articles related to Tesla’s Cybertruck, here are two for your consideration:
- Travels with My Cybertruck Beast L.E.O.―People Think These Trucks Are Good For Nothing, But We Know They’re Wrong
- Tesla Cybertruck Avoids Landslide and Then Drives Right Over It
- Why Today’s Tesla Cybertruck is a Failure
Timothy Boyer is an automotive reporter based in Cincinnati who currently researches and works on restoring older vehicles with engine modifications for improved performance. He also reports on modern cars (including EVs) with a focus on DIY mechanics, buying and using tools, and other related topical automotive repair news. Follow Tim on Twitter at @TimBoyerWrites as well as on Facebook and his automotive blog “Zen and the Art of DIY Car Repair” for useful daily news and topics related to new and used cars and trucks.
Image Source: Deposit Photos
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Source: torquenews.com
