2026 Tesla Model 3: real cost in Ontario
See the Model 3 on Tesla's site ↗Prices read 2026-11-04
Cheapest trim, Premium Rear-Wheel Drive · Toronto · age 35–59 · 6 years · 18,000 km a yearChange
Sticker$39,490the advertised price
Drive away$47,896with fees and HST
Loan payment$721/mo72-month loan at 6.5%, $5,000 down
True cost$1,133/moeverything, after resale
$47,896 to drive away + $48,189 to run it for 6 years − $14,513 back at resale = $81,572, or $1,133 a month.
Where the money goes
Drive away$47,896
Running it, 6 yrs+$48,189
Back at resale−$14,513
Sticker pricethe advertised MSRP
+$39,490Feesfreight $2,500 · dealer $250 (typical) · levies $146
+$2,896HST, 13%Ontario
+$5,510Insuranceestimate, age 35–59, Toronto
+$19,796Lost return on your money5% a year on the down payment and each payment
+$9,976Loan interest6.5% over 72 months
+$9,022Maintenanceestimate
+$6,730Charging18,000 km a year at 15.3 kWh/100 km, home charging at $0.16/kWh
+$2,573Registration and plates6 years in Ontario
+$91Resale after 6 years37% of MSRP, you get this back
−$14,513True cost $81,572 ÷ 72 months$1,133 a month
The car
Size and space
BodySedan
Seats5
CargoNot published
Engine and fuel
Engine279–510 hp electric, RWD, AWD
0–100 km/h3.5–5.5 sour estimate from power and weight
Energy use15.3–18.8 kWh/100 kmNatural Resources Canada
Range463 kmabout 324 in winter
TowingNot published
Tires18" or 20"by trim
Safety and cover
US crash test✓ 5 of 5 starsNHTSA · see the test ↗
European crash test5 of 5 stars ↗Euro NCAP 2025, European version
Highway assistSupervised self-drivinghighways and city streets · Full Self-Driving (Supervised), $99/mo
Insurance claimsWell above averagecollision 257 · theft 122 · injury 156 (100 = avg)
Resale at 6 years37% of MSRPthis model's own record · how it compares
Every trim
All trims: 5 seats.| Premium Rear-Wheel Drive | $39,490 | $47,896 | $81,572 | ✓ $1,133/mo | 15.3 kWh/100 km |
| Premium All-Wheel Drive | $49,990 | $59,761 | $96,590 | $1,342/mo | 16.4 kWh/100 km |
| Performance All-Wheel Drive | $74,990 | $88,011 | $132,327 | $1,838/mo | 18.8 kWh/100 km |
Premium Rear-Wheel Drive
✓ $1,133/mo
True cost
Premium All-Wheel Drive
$1,342/mo
True cost
Performance All-Wheel Drive
$1,838/mo
True cost
Recalls in Canada
3 Transport Canada recalls for 2024 to 2026 Model 3 models. Most are fixed free by a dealer; a new car should have them done before delivery. Ask the dealer to check the VIN.
Visual system2024, 2025 · 24,733 vehicles
On certain vehicles, a software problem could cause the computer circuit board to short circuit.Recall 2025002 at Transport Canada ↗Electrical2024 · 179,752 vehicles
On certain vehicles, the hood latch assembly could fail and cause the unlatched hood warning not to display on the instrument panel.Recall 2024427 at Transport Canada ↗Lights and instruments2024 · 109,791 vehicles
A previous over-the-air (OTA) software update could cause the vehicle not to display the correct visual warning indicators when there are problems with the brake system or when the parking brake is applied.Recall 2024283 at Transport Canada ↗Quick answers
- How much is a 2026 Model 3 in Ontario?
- $47,896 to drive away for the Premium Rear-Wheel Drive, from a $39,490 sticker.
- What does it cost a month?
- A $721 loan payment, about $1,127 a month with insurance, fuel and upkeep ($5,000 down); about $1,133 a month all in, after resale.
- How much can it tow?
- The brand doesn't publish a towing capacity.
Colours
Marine Blue+$1,300Quicksilver+$2,600Stealth GrayPearl White Multi-Coat+$1,300Ultra Red+$2,600Diamond Black+$2,000Frost Blue Metallic+$2,600
Similar cars
Prices from Tesla's brand page (read in browser); may have changed, so confirm with a dealer. Insurance and maintenance are estimates. How we count.