Tesla model 3 resale value reddit. Not sure why you’re so surprised.

Tesla model 3 resale value reddit 5?) Yep. Resale value on Teslas is approx 50%+ after 3 years/50k miles based on Tesla’s own (now discontinued) buyback guarantee. Mar 13, 2024 · When it comes to resale value, the Tesla brand overall is in a rather interestng position among luxury car makers. Tesla was extremely hot, so they're seeing some of the biggest declines. My question, if I sell my model Y just right after delivery, can I get all of money back? (can I resale more expensive than I bought?) I'm really not sure if I need this car with this economic inflation, and down stock market. Resale value is a big factor for me. Feb 12, 2024 · Why Are Used Tesla Prices Dropping? Many Tesla owners have been unpleasantly surprised in recent months by a dramatic drop in resale value. 1 in the EV segment for resale value after five years. Which color should I choose? Share Add a Comment Sort by: Best Open comment sort options [deleted] • Comment deleted by user Reply reply SoCali2121 • Both color CarMax provides offers to thousands of cars a week. Would have been nice on my $70k sticker price to get $35k back in 3 years. I want to ensure the car is mass-tested, planning to give it around 6 months before making a purchase. As long as the warranty is there, keep it if it’s paid off. Checking out the used inventory on Tesla's site I'm seeing 2 year old Model 3s SR+ w/ FSD with thousands of miles on them that are selling for ~48k, only a few thousand less than a brand new model 3 SR+ w/ FSD. The car doesn't look as cool inside as it used to. Should I get the Performance or Long range, and what colors have the highest resale value? The Performance Model 3 that I got when Model 3 was first released is now out of warranty. With the fed rebates, you will be able The asking prices of Tesla and dealerships were definitely 90% the cost of a new model when I was looking in May. Value (for the base model RWD): At just under $40k with the tax credit, the base model comes pretty much fully equipped minus a better sound system, some interior lighting, and fog lights. A subreddit for Tesla's Model 3 One important aspect to consider is what your 4 year old Model Y will be competiting with. 50. The original and largest Tesla community on Reddit! An unofficial forum of owners and enthusiasts. But I'm in a bind because I need a car now, as I don't have one currently. I’m considering the new model 3. If you plan on keeping this car for 10 years plus, or are OCD…then yes. If so, it's completely meaningless. Everywhere there is ordinary textile material that gets dirty very quickly. Appreciate any advice here! His 2022 Tesla Model Y cost $55,000 new, and Tesla will only give him $39,000 for it now. It’s supply and demand and there is going to be a whole lot of supply given how many Tesla has sold. Plus, for some consumers, an additional $4,000 Federal tax credit on used Jun 14, 2025 · If you're keen on considering a new Model 3, but are unsure about how much it will be worth in the next five years, this feature will dive into everything you need to know about the compact Nov 5, 2024 · Whether you’re considering purchasing one or simply curious about its long-term worth, knowing how the Model 3 holds up over time is crucial. You could have a scenario where Tesla's appreciated in value, and the graph still show a declining used price simply due to more lower cost Teslas being made. The Tesla Model S lost more value than any other used car over the past year (17. No accidents, no scratches, no issues. Why would someone buy your Tesla for 40k if they can get a new one for 35-36k after credit, or they can go buy an older model 3 with 30-40k miles for less than 30k and still have a LOT of warranty left. I sold my 2019 Model 3 SR+ for $44,000 in October of 2021. I just bought a LR AWD Model 3 and debating whether to get the acceleration boost or not. The dealers said they don’t have an option to put FSD on their systems to be able to add value to the car being sold to them or traded in. 5k after tax credit) and $29k for a 4 year old car that’s now $49k new ($41. Find new and pre-owned Tesla cars. They have less resale value now because tesla keeps making so many more of them (increasing supply), but lowering prices is part of the 1-2 bunch. There is also a lot more cheap plastic. Used car inventories are back to normal. Bottom line. While we just have long-term figures for the Model S and Model X, Tesla's success bodes well for current (no pun intended) and future Tesla models. That’s half what they sold for in 2019. 50 (SP group chargers) and my model 3 hold about 60 kw in full charge. After reaching record highs mid-2022, the average listing price for a used Tesla started to fall and then kept falling. Internal combustion engine (ICE) vehicles and electric vehicles (EV) are acceptable for trade-in. . Given the 2-3 month wait for a new model, I imagine there are some out there who will happily save the $5K in exchange for immediate gratification. The chart below shows the expected depreciation for the next 10 years. You pay anywhere from $1500-$3500 to do this and it adds literally zero value upon sale or trade in. May 6, 2025 · You might think that buying a used Tesla Model 3 is a no-brainer, but the truth is, not all models are created equal. Aug 18, 2024 · Hi everyone! Would love your input on my situation - my current vehicle is on the last legs and looking to get into a Tesla. They produce vertically integrated Jun 10, 2023 · There are things to consider when choosing the color of your Model 3, such as maintenance of the color, to the cost of the color option and if you are wanting to sell your Tesla you have to consider the resale value because different colors have different costs. 3% more than the average of 45. But it turned out that the new car looks a lot cheaper. Was it a mistake to buy Model 3 RWD in June 2023 ? In Virginia the cost was 41,000$, Now in December 2023 the resale value is 24000 $ i have put 9500 miles on it I mean, you came to the Tesla Reddit asking how much you would get for your car nowadays. Reply reply dirkzhang • Hi all, I'm trying hard to find a model 3 and looking at leasing, a lease takeover, or a loan. May 29, 2024 · “Due to a variety of reasons, Tesla resale values have plummeted, making many Tesla models very affordable now. For comparison, the Polestar 2 base model doesn't come with a heat pump, pano roof, premium sound system, fog lights, HDA, or blind spot monitoring. 35 (Tesla Superchargers) to $0. 9M subscribers in the teslamotors community. It’s a 2021, white interior, mint condition garage kept…tesla offered 43k, and Major car dealers gave 44-45k. It seems like Tesla's new structural battery tech could significantly lower costs and improve performance well within the 3 year timeframe and 4D radar could have substantial impacts on ADAS. Tesla keeps messing with pricing and the market is oversaturated with them so the pricing reflects that. Time to get a 6 seater X for the family. I know there are strong views both ways. Trying to price out exactly what buy vs lease means in my situation. Tesla Model 3: The Used Buyer's Guide There are a lot of used Model 3s out there. We accept passenger cars, trucks, vans and SUVs for trade-in value toward a new or pre-owned Tesla vehicle purchase. Not sure why you’re so surprised. However, I don't have a good feeling about getting a good resale price in 6 - 8 years. On top of that all cars depreciate as they age. So far, the downward trend has continued in 2024. Every new Tesla has a variety of configuration options and all pre-owned Tesla vehicles have passed the highest inspection standards. Which one do you believe would have better resale? Tesla model y or Jeep Wrangler 4xe? I know that cars are depreciation assets but still given that all of the new cares are costing above $50k I am not being able to convince where to put money on? We would like to show you a description here but the site won’t allow us. Tesla Model 3 Resale Value and Depreciation See how much the Tesla Model 3 depreciates and retains its value over a 3-, 5-, 7- and 10-year timeframe. 4%) drop. Like you say, I'm specifically not trading it in for a newer Tesla because I feel ripped off by this (not to mention I think it Anyone has an example of the value Tesla is offering for your 2021 (or close year) Tesla Model 3? I have the highland model soon to be ready for delivery but I am concerned Tesla will give me a low-ball offer. Overall though, I think resale value will mirror the $20k price difference compared to new. Also, they are just starting to deliver the new redesigned Model 3, so all the "gen 1" style ones will likely take a hit in resale value as the newer model becomes more common. By 2025, there should be many brands offering crossover EVs with 300+ mile range, so someone buying your car will be considering the value of a used Tesla versus the value of a brand new car that will likely be obtainable within that $30-40k price point. Resale value of Teslas are horrible and will prob get much worse with the Model Y when Tesla releases the highly anticipated Model Y refresh (prob in 2025). Car prices were wildly inflated in 2021, up 24% on average from 2019, and now prices are returning to normal, which means resale values are lower. At first, i thought tesla was lowballing me or i was too "harsh/honest" about my cars Ordered a model X and put my Y Performance with FSD for a trade in with Tesla. is an energy + technology company originally from California and currently headquartered in Austin, Texas. This represents a percentage increase of approximately 2. 5k after tax credit) seems about right to me. 9%, or $23,771, over The numbers people are basing this on are from earlier Model 3s, where the cars and battery tech didn't change that much. Planning of getting a new vehicle. Didn’t read the whole post but lease factors in the expected resale value of the vehicle at the time the lease expires and model 3 resale values are as low as they have ever been so that would lead to a higher lease payment. Unfortunately, Teslas start to decline significantly as you close in on a decade thanks to the addition of the battery. 6%. They produce vertically integrated The transportation market will shift to fleets and a service model over time and this will create massive depreciation challenges for the automotive industry as a glut of used inventory pours out into the market. Assuming Tesla makes the Tesla Network idea a reality, AP2 (. For the 5-year and 7-year periods, Tesla has ranked in the top 3 among luxury brands. What is a fair guess for the trade in value of a new long range Y in 36 months? I've been assuming I could trade the car in to Tesla or sell it otherwise for between 50% to 70% of the full purchase price (53k). How has your ownership experience been? Share your stories, and any advice you have for others considering keeping their Tesla long-term. 179K subscribers in the TeslaModel3 community. As it is I’m seeing my same spec listed at $40k and I’m 1/2 way though that 3 years of ownership point. Carmax rep showed me their options screen, and there’s no 103 votes, 129 comments. Sites like Clutch are offering a measly 32k, which I think is very low. I was told FSD would be done by the end of that year, but it is, of course, still in beta and I'm sure this car will die of old age before I ever get to experience non-beta FSD. We would like to show you a description here but the site won’t allow us. We break down depreciation, market factors, and what your EV is truly worth in today's landscape. Hey fellow Tesla owners! I'm curious to hear from those of you who have driven your Teslas for more than 100,000 miles. 2%). The Model 3 depreciates 55. These models provide around 250-300 miles of range, perfect for most drivers, and have proven to hold their value surprisingly well. See car values on Tesla Model 3s based on recent CarMax offers and get an offer on your car. Model 3 and Y have been exponentially growing in sales, and have a much lower cost. The original and largest Tesla community on Reddit! An unofficial forum of… I ordered my model Y on March. Is this the normal value retention of these cars, or are these used prices more a result May 29, 2024 · “Due to a variety of reasons, Tesla resale values have plummeted, making many Tesla models very affordable now. $29k for a 3 year old car that’s now $44k new ($36. Basically similar to other luxury cars. Early indications on the Model 3 suggest that it will be in a league of its own for maintaining its resale value. just above $28k for a 58k mile. Apr 6, 2016 · Discuss Tesla's Model S, Model 3, Model X, Model Y, Cybertruck, Roadster and More. Resale values are going to be poor. See? Depreciating assets for everyone. May 26, 2025 · Also on the biggest losers list is the Tesla Model X, which has seen its five-year value slide by an average $53,846 (-63. They produce vertically integrated Looking to purchase a model Y, driving it and renting it out on toro then possibly reselling it. Plus, for some consumers, an additional $4,000 Federal tax credit on used EVs may I would like to buy a Tesla Model Y. The average listing price for many used Tesla Model 3s has now fallen below $30,000 The median price for a used Tesla Model Y Performance in the Australian market is $84,999. Had the S before that. And have you tried changing battery from UAE? What was the cost? Jul 3, 2025 · Thinking of trading in your Tesla Model Y? Get a brutally honest look at its current trade-in value. Wanted to get some opinions in if adding full self drive will increase resale value. This is why I will never purchase a car new, it loses value very rapidly. 03% from new to used which makes no sense to me. You can find several used Teslas on this page that're more than new inventory with discount. A forum for discussion of the Tesla Model 3 Electric Vehicle We would like to show you a description here but the site won’t allow us. Is this the normal value retention of these cars, or are these used prices more a result I would like to buy a Tesla Model Y. Tesla slashed prices for the Model S, Model X, Model Y and Model 3 throughout 2023. Pretty much. Like a flagship cell phone. Thanks! Apr 12, 2025 · How much do Teslas depreciate? How can you avoid Tesla depreciation on Model S-3-X-Y? STOP and read this right now before buying your next Tesla! Have you owned a Tesla Model 3 or Y for over five years and sold it? What was your buying price and what was your selling price or quoted price by potential buyers. 165K subscribers in the TeslaModel3 community. I knew that before I bought and still didn’t care because Model 3 Performance Stealth is better than any other car under $100K IMO. I’ve narrowed down the new car search to a Tesla model Y, but I’m stuck on the color. The downside is you won’t get much for it at trade-in, the good news is it will last for a very long time so the lack of maintenance costs will partly make up for it. At first, i thought tesla was lowballing me or i was too "harsh/honest" about my cars 103 votes, 129 comments. Meanwhile, Slye has a 2018 Model 3 with Full Self-Driving that cost him $58,000. The used car lot has always been the dingy backstage, a place of Apr 17, 2025 · I'm getting a new battery swap under warranty next week, but I was wondering how it would affect its resale value. [Another example,] model 3 SR priced at $37k which is probably 2k short of what a new one would cost, with no tax credit. Those of us that have been driving for at least two years know that cars dramatically drop in value practically immediately. May 25, 2025 · The Tesla Model 3 is No. If not, be mindful the dealer/future buyer will be expecting minor chips/dings on a used car. Aug 18, 2018 · I finally put my trade in info (2018 Model 3 tesla dual motor with fsd) due to my impending model Y delivery, and the trade in value that i got back in 24 hours was sobering. truesee Tesla's website, but you can also find this in the private market. Who is going to buy a 6 - 8 year old Tesla from me for a reasonable price? If so, it's completely meaningless. Mar 20, 2025 · The Cybertruck, the controversial steel-sided pickup, fared the worst of any Tesla vehicle, with a resale value 58% less than its original price, according to CarGurus. so $20 to $30 per full charge for ~400km of driving. It also assumes a selling price of $51,380 when new. External competition is finally emerging. Mar 11, 2025 · The cheapest new Tesla on sale in 2025 is the Model 3, which costs more than $40,000 after estimated taxes and fees, according to Tesla's website. I thought it should be better than my 2023 Tesla Model 3. Many used Teslas are retailing at prices above MSRP - tax credit. Charging is a lot cheaper - per kw costs $0. They produce vertically integrated May 24, 2022 · Anyone know which Model 3 holds a better resale value between the Model 3 LR vs. Who is going to buy a 6 - 8 year old Tesla from me for a reasonable price? Oct 15, 2024 · Tesla Model 3 Depreciation A Tesla Model 3 will depreciate 61% after 5 years and have a 5 year resale value of $20,136. Jun 1, 2025 · Tesla owners used to enjoy a high resale value for their vehicles. Even the Model 3, the American-market EV with the lowest average value loss, depreciates 10. These results are for vehicles in good condition, averaging 13,500 miles per year. I have ppf’d 3 cars (Lexus suv, Toyota suv, model 3). Cars depreciate. Man. Let’s dive into the factors that contribute to its resale value and what you can expect if you ever decide to sell. Worth trading in 2019 Model 3 for New? So Tesla just lowered their prices by quite a bit, and I have a 2019 standard range tesla that I bought last year that gets ~200miles 30,000 on odometer and almost out of original warranty. A forum for discussion of the Tesla Model 3 Electric Vehicle Looking to purchase a model Y, driving it and renting it out on toro then possibly reselling it. Looking into the future (2026) I’m hoping to either get the new midsize rivian or Tesla Model Y juniper Currently I’m able to buy a 2024 Tesla Model 3 LR RWD for $30k Aug 3, 2021 · In fact, data indicate that the Tesla Model 3 can retain its resale value over 5 times better than all other electric cars and about 4 times better than all cars in general. My friend has a 2016 Tesla with 260,000… he said he won’t even look at replacing it until it hits 500,000 Why are you choosing a color based on future resale value, which is speculative, at best? Why not just choose the color that you like best? Mar 5, 2025 · Cars like the Model 3 lost around a quarter of their value in 2024. Reply reply JohnHue • Well for someone looking to buy a 2-3 year old Tesla Model X soon, I see hope 😉 2022 onwards got major improvements correct? Got a Y now. Jun 14, 2025 · How Much The Tesla Model 3 Is Worth After Five Years According to Edmunds' intuitive value calculator, you can expect the base 2025 Tesla Model 3 to lose $27,439 five years after taking delivery. May 26, 2025 · The electric vehicle (EV) market is facing a turbulent shift as used Tesla resale values have taken a sharp dive in 2025, driven by a mix of oversupply, consumer sentiment, and industry-wide depreciation trends. Their mission is to accelerate the world's transition to sustainable energy. 2. If I really like the car id end up keeping it. Just ordered a 2021 Tesla model 3 standard range plus. According to a recent Forbes report, Tesla owners are grappling with a steep 27% year-over-year drop in resale value, making now a challenging time to sell but a potential opportunity 28 votes, 35 comments. The passenger screen is very small We would like to show you a description here but the site won’t allow us. May 18, 2025 · The best-selling Tesla Model Y depreciates over 60% of its original value in five years, nearly 15% more than the nationwide industry average. Apr 22, 2025 · Tesla had four models in the top 20 used cars with the biggest year-over-year price drops. Performance? I looked online but it hard to figure because you dont know what the sold price goes for instead relying on the listed prices. But what makes Good morning everyone! I'll be moving soon and will probably sell my 2023 Tesla Model 3. Then add in other companies making evs. 10K subscribers in the Model3 community. Apr 12, 2025 · One Redditor tracked 3,000 cars and uncovered the surprising factors that truly determine value in the Tesla used car market. I wanted to give some thought about resale value. Currently, a 2019 Model X with 41k miles is on Carmax for $42k. My diminished value was ~$13k and was supported by TrueCar cash offers from 3 dealerships with Pre- and We would like to show you a description here but the site won’t allow us. I just got married and we're planning on having our first next year so this is a good time for my wife and I to consider a MY. Just cannot decide on the exterior paint color. The examples from the article image don’t even seem too low. Hey all! First post on here. Feb 14, 2022 · The used market has cooled off. But the entire segment is way behind the average. Feb 7, 2024 · The Tesla Model 3 offers a decent resale value after the first half a decade of purchase. CarMax provides offers to thousands of cars a week. So base long range was 59,999 something for me. Let's take an example: Tesla model 3, long range from 2023 charged in between 20-80%. August of 2021, I was rear-ended in my Blue/White Performance Model Y with FSD was and caused ~$8k in damage including parts/labor - repairs took about a month. 4%) and the Tesla Model Y, at an average $36,225 (-60. Tried to find online of any other similar cases, but was hard to get a solid answer. I ordered my model Y on March. How much does it lose its value after a certain amount of distance & time? What's the best price to buy an used tesla model 3? Today on Critical Materials: Used Tesla values are dropping, BYD has a new ultra-fast megawatt EV charger, and Nissan's former CEO says Elon Musk could fix it. I know that I’d like white seats, and I’ll be adding on the black roof rack/cross bars. I’m sure the people who bought Model Y in 2022 for $60-70k think it’s outrageous depreciation, but considering how low the current new Oct 15, 2024 · While we just have long-term figures for the Model S and Model X, Tesla's success bodes well for current (no pun intended) and future Tesla models. This was sold to a dealer too, not some clueless individual who couldn't wait in the year long queue. Here's what you need to know before buying one. Fresh evidence of falling resale prices has come Temporary car with good resale value before transitioning to Highland? - USA I'm interested in getting the new Model 3 Highland but want to wait. However, in recent years, Tesla vehicles are depreciating faster. Today I visited the Tesla Center and I was sitting in the new Model 3 Highland. I've been researching on car resale websites + facebook marketplace to try and get an idea of what fair resale value of my vehicle would be. 2022 is our top pick for the best model year value for Tesla vehicles. Jan 1, 2022 · Discuss Tesla's Model S, Model 3, Model X, Model Y, Cybertruck, Roadster and More. In fact, the best years to buy a used Model 3 are 2020 through 2022, offering a sweet spot of range, features, and resale value. 50% using the ATO guidelines, so around $27k for a $72k Tesla. That represents almost $3,000 over the original sticker price, after including the BS destination fee. My friend has a 2016 Tesla with 260,000… he said he won’t even look at replacing it until it hits 500,000 Why are you choosing a color based on future resale value, which is speculative, at best? Why not just choose the color that you like best? Aug 3, 2021 · In fact, data indicate that the Tesla Model 3 can retain its resale value over 5 times better than all other electric cars and about 4 times better than all cars in general. I wouldn't worry about not being able to sell it, the RWD is the cheapest entry into the Tesla ecosystem and really is 90% of the car for 75% of the money. Those factor against resale value due to the price cuts. I paid ~40k with 13k already paid off. trueI have! TLDR - $13k diminished value, settled for $6k out of court after filing a small claims suit. 23 votes, 50 comments. 4 year residual value is 37. I think resale values would really have to go really downhill for people to be out of the money at the end. Regret all of them. But I’m not sure how the resale value is after 5+ years of usage. See r/TeslaLounge for relaxed posting, and user experiences! Tesla Inc. The result is that those used car companies are going to stop paying silly money. Apr 23, 2025 · Believe it or not, Tesla’s most affordable model is the best at holding its value among EVs, better than the average for the overall EV segment. ynfsk jbr ixoltu ngwcg nipxqfe gihap ktmog xlxqoqv wwbz allap xsrnlitj ttynn rdrg qkyda pyifth