With rising fuel and energy costs affecting many Americans, some drivers have begun to look at electric vehicles (EVs) as a solution. And, with more pre-owned electric vehicles available on dealer lots than ever before, there’s never been a wider selection available. Of course, it’s impossible to even think about buying an EV without considering Tesla. After all, the electric car brand has been synonymous with electric cars.
Although some Tesla models are expensive, other options like the Tesla Model 3 can be had for around $46,990 MSRP new. Those savings will go even further when you buy a used Tesla.
Here’s everything you need to know about how much you can expect to pay for a used Tesla.
Do used Tesla sell well?
It turns out that used Teslas are selling incredibly well. However, the process of buying a used Tesla can be more complicated than you think. According to Fast Company, Tesla has a list of disclaimers in its contracts that make Tesla anti-flipper. This makes it more difficult for Tesla buyers to buy a car and then immediately sell it at a markup to another consumer. If Tesla notices that a purchase has been made in bad faith, a consumer may be placed on a “do not sell” list.
This means that the used Teslas you find on dealer lots have, for the most part, been driven and cared for by their previous owner as if they were their own, and you’ll be hard-pressed to find a Tesla that was bought just for trade-in. a profit at a dealer.
With these disclaimers, Teslas may be harder to find for sale than their competitors. That doesn’t mean they’re a slow sell, though, as many Tesla models sell out before they even hit the used car lot.
Used Tesla Prices By Model
According to US News & World Report, Tesla’s have been selling used for fairly consistent prices based on model year. Tesla’s cheapest model, the Model 3, sells for an average of $44,272 for a 2018 model. However, prices can exceed $62,089 for a 2020 model.
The Model S can be bought cheaper due to its age, with a typical used 2015 Model S going for around $38,879. This price can range as high as $100,305 for a fully loaded used 2020 model.
The Tesla Model X is a polarizing crossover with plenty of character behind its gullwing doors. In 2022, a used 2016 Model X can be purchased for as low as $58,650 and up to $128,643 for a newer 2019 or 2020 model with all available options.
The Tesla Model Y has the least amount of stock on used dealer lots, but it can still be found and purchased for as low as $64,448 or as high as $69,039, US News reports.
Is it worth buying a used Tesla?
Teslas hold their value unlike any other car on the market today. Tesla keeps many components from its similar cars without much redesign, which means your used Tesla will always look as impressive as a new one. With Tesla offering software updates that keep your used Tesla as up-to-date as a new model, a used Tesla is a wonderful investment that is sure to last a long time and hold its value if you ever decide to sell it yourself. .
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