Why are used Tesla Model 3 so cheap?
Battery Degradation One of the main reasons used Teslas are cheaper is battery degradation. Like all electric vehicles (EVs), Teslas rely heavily on their batteries, and over time, these batteries lose capacity. Independent estimates suggest many Teslas see around $1,200–$2,400 in non‑collision repair costs over 5 years, often back‑loaded as the car ages. Most Teslas have an 8‑year battery and drive‑unit warranty, shielding you from the most expensive EV repairs early on.What happens after 8 years of a Tesla battery? Tesla’s battery warranty states that after this period, the battery should retain 70% of its original battery capacity after this period.A Tesla battery replacement cost outside of warranty can cost between $15,000 and $22,000, depending on the model, battery size, and labor involved. While battery replacements are rare for modern Teslas, knowing the potential costs and factors involved helps owners prepare.The average lifespan of a Tesla battery is between 300,000 to 500,000 miles. For many drivers, that could mean 15 to 20 years of use. So when people ask, “How long do Tesla batteries last?
Is Tesla expensive to maintain?
Annual Operating Expenses Driving a Tesla can save you a lot on fuel. The Tesla Model Y can save you about $6,000 in gas over five years. Tesla Vehicles are the Cheapest to Maintain and Repair According to Consumer Reports Study. This means lower yearly costs compared to gas cars. Tesla insurance costs range from $183 to $550 per month, depending on your model, trim, and driving profile.Premium Connectivity is currently available as a monthly subscription of $9. Tesla app.Monthly Tesla charging costs vs. Model 3 Long Range/Performance: $42-50 per month. Model Y RWD: $42-48 per month. Model Y Long Range/Performance: $45-52 per month. Model S/X: $56-64 per month.Premium Connectivity is currently available as a monthly subscription of $9. Tesla app.
Are Teslas reliable after 100,000 miles?
Many high-mileage Tesla owners share success stories of vehicles surpassing 100,000 miles with minimal degradation. Some are reporting 144,000 miles with only an 8% battery degradation, while others have driven over 300,000 miles with a power reduction of just a little over 10%. A fully charged Tesla can last between 267 and 405 miles, depending on the model and configuration. On average, a Tesla battery delivers around 336 miles of range per full charge.
Should I buy a second hand Tesla Model 3?
But should you buy a used one? Well, probably – yes. The Tesla Model 3 is a relentlessly brilliant electric car: one of the fastest charging, longest range and most technically advanced electric cars on sale. The most expensive Tesla models are actually the least reliable. In 2024, the Tesla Model 3 and Model Y are the most reliable.Charging your Tesla to 80% has become the gold standard for daily use among EV enthusiasts.The Tesla battery is the most expensive part of the vehicle, often referred to as the EV’s “engine” and replacing it can be a major investment.With fewer components susceptible to wear and tear, Tesla vehicles are inherently less prone to mechanical failures. This streamlined design can result in significant cost savings over the lifespan of the car. No oil changes –Tesla vehicles simply don’t need them.