How much has the Tesla Model 3 dropped in value?
According to CarGurus: Used prices for the Model Y, Tesla’s extremely popular crossover SUV, are down 15% since February 2024 to $30,600. In the same period, used Model 3 sedan prices fell 13% to $23,800. Model S prices are down 7% to $31,000. A 2018 Tesla Model 3 has depreciated $23,941 or 58% in the last 3 years and has a current resale value of $16,717 and trade-in value of $14,628. A 2018 Tesla Model 3 has depreciated $23,941 or 58% in the last 3 years and has a current resale value of $16,717 and trade-in value of $14,628.After 5 years a 2024 Model 3 Standard will depreciate $28,441 and have a residual value of $12,189. During this time out-of-pocket expenses are expected to total $44,970. Personalize your 5-Year Cost to Own data by logging in. The 2024 Tesla Model 3 Standard is in the top 11-25% for Cost to Own among all Luxury Cars.A Tesla Model S in June was worth $8,768 less than it was in June of 2024. That’s a 15. The Model X didn’t fare much better, with its value dropping $9,544 (or 15. The Model Y saw the third biggest decline, falling 13.This Is How Much A Model 3 Loses In 3 Years According to iSeeCars, a Tesla Model 3 loses on average $15,228 of its value within three years. However, determining its average three-year-old resale value isn’t as straightforward as subtracting its three-year depreciation from its current MSRP.The price of used EVs continues to decline. The Tesla Models S and X both saw drops of more than 15% from June 2024 to June 2025. On the whole, the EV category saw prices fall 4.
How much is a 5 year old Tesla Model 3 worth?
A Tesla Model 3 will depreciate 59% after 5 years and have a 5 year resale value of $21,542. A 2023 Tesla Model Y has depreciated $20,307 or 41% in the last 2 years and has a current resale value of $28,052 and trade-in value of $24,710. A 2023 Tesla Model Y has depreciated $20,307 or 41% in the last 2 years and has a current resale value of $28,052 and trade-in value of $24,710.A 2022 Tesla Model 3 has depreciated $28,581 or 55% in the last 3 years and has a current resale value of $22,542 and trade-in value of $19,651. A 2022 Tesla Model 3 has depreciated $28,581 or 55% in the last 3 years and has a current resale value of $22,542 and trade-in value of $19,651.After 5 years a 2024 Model 3 Standard will depreciate $28,441 and have a residual value of $12,189. During this time out-of-pocket expenses are expected to total $44,970. Personalize your 5-Year Cost to Own data by logging in. The 2024 Tesla Model 3 Standard is in the top 11-25% for Cost to Own among all Luxury Cars.
Does the Tesla Model 3 lose value?
A 2023 Tesla Model 3 has depreciated $10,537 or 31% in the last 2 years and has a current resale value of $22,810 and trade-in value of $17,863. The 2023 Tesla Model 3 is in the 25-75% percentile for depreciation among all 2023 Sedans. Tesla brought back 0% APR on the Model 3. The financing deal requires a 15% down payment. There’s also a zero-down option, but it has a catch.Edmunds Appraisal Report. Tesla Model 3 trade-in prices range from $12,232 – $24,879. Get a more accurate value for your car with the Edmunds appraisal tool.For March 2025, the all-electric Tesla Model 3 has 0% APR financing. You’ll need a huge down payment of at least 15% to get it. A similar offer at 0.
How much is the cheapest Tesla Model 3 2025?
The 2025 Tesla Model 3 is well equipped and has a 363-mile maximum range, yet it’s surprisingly affordable for an all-electric compact sedan. Pricing starts at $44,130. Is the Tesla Model 3 Reliable? Whilst there have been some quality control concerns and safety recalls, the Model 3 is a pretty reliable car. It scored just under 94% in What Car? Polestar and Kia.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.
What is my 2022 Tesla Model 3 worth?
How much is a 2022 Tesla Model 3 worth? The value of a used 2022 Tesla Model 3 ranges from $19,126 to $29,825, based on vehicle condition, mileage, and options. Get a free appraisal here. A 2024 Tesla Model 3 will depreciate $26,917 after 5 years and have a 5-year residual value of $13,713. With out of pocket expenses at $42,945, the total Cost to Own of the 2024 Tesla Model 3 is $69,862.JUST IN: Tesla is the MOST Affordable car to own and maintain, according to Consumer Reports. Over the first five years of ownership, maintenance costs average $730. In the following five years, costs rise to $4,320, bringing the total 10-year maintenance cost to $5,050.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.No oil changes –Tesla vehicles simply don’t need them. This eliminates a recurring expense and inconvenience that traditional car owners may face more than once a year. Not only does this save money, but it also reduces the hassle of multiple trips to the mechanic.
Is the 2022 Tesla Model 3 worth buying?
With a near ideal blend of performance, driving range, and accessible pricing, the 2022 Tesla Model 3 is an electric vehicle that lives up to the hype. It’s fast—especially the Performance trim—and it’s agile, which means the Model 3 is an EV that driving enthusiasts like us can get behind. If it’s a Tesla Model S, X, or 3 you want to buy, we suggest beginning your search with the 2019 build year. For the Model Y, we suggest buying from the 2022 or newer years.