Tesla Model 3 Resale Value Retains Almost A WHOPPING 90% After 3 Years! Would YOU EVER Buy A USED EV?

Everything seems to be going right for Tesla these days. Now, another study shows crazy resale values for the Model 3.

“The Tesla Model 3 is the vehicle with the lowest depreciation overall, depreciating more than 5 times less than the average for the segment. “The Tesla Model 3 is still very much in high demand since it started production in 2017. Even though it doesn’t present a bargain compared to its new car price, it offers consumers a more affordable option for owning a Tesla.”

Here is a comparison chart that shows some other EV's:



One of the things that mystifies me is who on earth would ever buy a USED electric vehicle knowing how poor the resale is on many of them?

Would YOU ever buy one?


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USNA1999 - 7/16/2020 9:51:17 PM

+4 Boost

Why buy a used Tesla then? Just order it online exactly how you want it.

MDarringer - 7/17/2020 10:57:18 AM

-1 Boost

Buying any late-model EV used is probably dumb for a mountain of reasons.

Buying an EV new is dumb.

You lease them.

SanJoseDriver - 7/17/2020 5:28:59 PM

+2 Boost

If you're getting a used EV, get one of the ones that depreciated like crazy. For Tesla, you're usually better off buying or leasing a new one given how quickly they update the cars. You for sure want a Tesla with HW3 Autopilot and MCU2 for the entertainment center.

LexSucks - 7/16/2020 10:14:19 PM

+3 Boost

Model 3 looks like a frog.

runninglogan1 - 7/16/2020 11:47:05 PM

+2 Boost

A sexy frog.

MDarringer - 7/17/2020 11:05:21 AM

0 Boost

Me: "The Model 3 looks like shit."
runninglogan1: "Sexy shit"

SanJoseDriver - 7/17/2020 5:26:20 PM

+2 Boost

Indeed it does.

"Sexy frog" lol

mre30 - 7/17/2020 4:12:36 PM

+2 Boost

#Price.Fixing

MDarringer - 7/17/2020 4:36:44 PM

-3 Boost

But supposedly that gives the buyer by far the best price according to all Teslarati here.

SanJoseDriver - 7/18/2020 8:18:43 PM

+2 Boost

Any middleman is going to drive up price, the question is whether that middleman provides enough value to justify the markup. In some cases I would argue it does (ex: a realtor)

MDarringer - 7/18/2020 9:20:34 PM

0 Boost

Price fixing drives the price up.

SanJoseDriver - 7/20/2020 2:17:43 AM

+2 Boost

Price fixing drives up the price if you have a monopoly or cartel (OPEC), but otherwise you're still limited to supply and demand. Tesla dropped prices recently because demand must have fallen. If they could keep charging higher prices I don't think they would have made that move.