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What's the level of Tesla Model Y depreciation?
Owning a Tesla is on my bucket list. I love the idea of driving around in an electric car and not wrecking the environment just to take a stroll. My only issue lies in deprecation. How much does a Tesla Model Y depreciate over time?
Eric Schad · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
Recent figures show that the level of depreciation on the
Tesla Model Y
is around 40% over the first five years of ownership. However, that shouldn’t necessarily deter you from buying one—it’s just something to consider if you ever want to sell your car.
- If you plan on owning the Model Y until it dies: There’s not much to be concerned about since you won’t have to worry about the vehicle’s resale value.
- If you plan to sell the Tesla before the end of its life: You may want to consider a used or certified pre-owned model. The original owner eats the cost of a used or pre-owned model so you don’t have to.
View full answer
- Gregory R.
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