The Model 3 is significantly cheaper used — typically $25,000-35,000 for a 2020-2022 model. The Model Y commands a $5,000-8,000 premium due to higher demand and SUV practicality. The Model 3 offers the best entry point into Tesla ownership.
The Model 3 is more efficient, achieving 4.0-4.5 miles/kWh vs the Model Y's 3.5-4.0 miles/kWh. Real-world range: Model 3 Long Range ~310-340 miles, Model Y Long Range ~280-310 miles. Battery degradation on both is minimal — about 5-10% after 100,000 miles.
The Model Y is significantly more practical with a hatchback design, optional third row, and much more cargo space (76 cu ft seats down vs 43 cu ft). For families or anyone who needs to haul stuff, the Model Y is worth the premium. The Model 3 is a sporty sedan with decent trunk space.
Both have very low maintenance costs compared to gas cars ($400-700/year). No oil changes, no timing belts, regenerative braking extends brake life. Insurance is higher than average for both due to expensive repairs — the Model Y tends to cost more to insure.
Choose the Model 3 if you want the best value EV, better efficiency, and don't need SUV space. Choose the Model Y if you need the extra cargo room, higher seating position, or optional third row. Both are excellent used EV buys with minimal battery degradation.
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