Quick Answer: Do Tesla’s Depreciate Quickly?

How much do Tesla cars depreciate?

Tesla holds its value 2 times better than average gasoline car, study says

iSeeCars Comparison of Depreciation for 3-Year-Old Electric Vehicles
RankCar% Depreciation
9Chevrolet Volt52.8%
10Tesla Model S17.1%
Average for All Vehicles38.2%

9 more rows

How well do Tesla’s hold their value?

Predicted Resale Value After 5 Years of Ownership: 44.0%

How much does a Tesla Model 3 depreciate?

After 36 months, the resale value of a used Tesla Model 3 was estimated to be 69.3% of its original price. After 60 months, the resale value of a Model 3 was estimated to be 48.7% of its original price.

Does CarMax have Tesla?

CarMax does not have any Teslas available for sale at this time.” Two months ago, we discovered something curious in-car inventory data at CarMax, America’s largest used-car dealer. In September 2019, Teslas disappeared from CarMax’s inventory. In early 2019, CarMax listed 343 used Teslas for sale.

Do Teslas depreciate in value?

iSeeCars CEO Phong Ly said: “Categorically, electric vehicles depreciate more than the average vehicle because resale values take into account the $7,500 federal tax credit and other state and local credits that were applied to these vehicles when they were bought new.”

Do you save money driving a Tesla?

Since the Tesla is an electric vehicle, you do save a lot of money on running costs. The Tesla does not require oil changes, smog checks and has fewer parts to maintain. There are off-peak electricity rates that offer lower prices to the user during specific times.