Why are used Teslas so expensive?

I've noticed that some Tesla models are even more expensive if you buy them used than they were at their original sale price. Why is that? I want to get a Tesla but I’m confused about the price jump.

Liz Jenson · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
Normally buying a used car is significantly less expensive, so it makes sense that you’re confused about the price of a used
! The reason that used Teslas are so expensive is actually due to the short supply of Teslas on the market.
If you choose to get a new Tesla, you’ll be placed on a waitlist, where you could stay for up to 10 months unless you’d like to pay more for expensive add-ons. Used Teslas are more expensive because you won’t have to wait to purchase your new vehicle.
If you’d like to purchase a Tesla, it’s a good idea to save up first. One way to save is to cut costs on other expenses, like your car insurance.
To find a lower premium, check out the
app. The average user saves $887 per year and it takes less than a minute to sign up. Just download the app and answer some quick questions to learn more.
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Jerry partners with more than 50 insurance companies, but our content is independently researched, written, and fact-checked by our team of editors and agents. We aren’t paid for reviews or other content.

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