Tesla Model 3 Depreciation

A Tesla Model 3 will depreciate 41% after 5 years and have a 5 year resale value of $27,438.

The chart below shows the expected depreciation for the next 10 years. These results are for vehicles in good condition, averaging 13,500 miles per year, and assumes a purchase price of $46,355 when new. Key in your purchase price, expected ownership period and estimated annual miles driven into our depreciation calculator, and we'll predict an expected resale value just for you.

Tesla Model 3 Depreciation

Years Old Depreciation Residual Value Resale Value Mileage Resale Year
1 $4,557 90.17% $41,798 13,500 2021
2 $9,772 78.92% $36,583 27,000 2022
3 $13,591 70.68% $32,764 40,500 2023
4 $16,257 64.93% $30,098 54,000 2024
5 $18,917 59.19% $27,438 67,500 2025
6 $22,019 52.50% $24,336 81,000 2026
7 $25,217 45.60% $21,138 94,500 2027
8 $27,683 40.28% $18,672 108,000 2028
9 $29,936 35.42% $16,419 121,500 2029
10 $31,600 31.83% $14,755 135,000 2030
Years Old Depreciation Residual Value Resale Value
1 $4,557 90.17% $41,798
2 $9,772 78.92% $36,583
3 $13,591 70.68% $32,764
4 $16,257 64.93% $30,098
5 $18,917 59.19% $27,438
6 $22,019 52.50% $24,336
7 $25,217 45.60% $21,138
8 $27,683 40.28% $18,672
9 $29,936 35.42% $16,419
10 $31,600 31.83% $14,755

Tesla Model 3 Depreciation Calculator

Current Vehicle Age
Current Price
Own it For
Annual Miles

If you purchase a used Tesla Model 3 that is 2 years old, then you could save $9,772 compared to buying new, and still have a relatively new model with plenty of useful life remaining. If you plan to keep this vehicle for 3 years then your total cost of depreciation would be $9,145. Try other age and ownership length combinations, or different vehicles to see if you can find depreciation sweetspots where this cost is the lowest. Hint: Try vehicles between 2 and 4 years old, as brand new vehicles depreciate quickly. Also, if this is a recently released model and buying a few years old isn't possible, consider another vehicle, or perhaps wait until more used Model 3 models become available.

Our Favorite Tesla Model 3 Photo

About Our Data and "Useful Lifespan"

We aggregate and analyze millions of automotive data points from a variety of sources, including some of the industry's leading data providers. The historical depreciation tables, charts, values and overall rankings are conducted on a semi-annual basis, with our most recent update published in September 2020.

While the "Useful Lifespan" of a vehicle will vary greatly from one model to the next, and even one owner to the next, we have determined that twelve years is the most appropriate timeframe which will yield us good, usable data - and that any data beyond that timeframe becomes more dispersed, and ultimately less reliable. Moreover, maintenance costs beyond that timeframe become significantly more varied, as a vehicle owner's care of a particular vehicle will greatly impact its value, and ongoing maintenance costs. We are very much hopeful, however, that your car or truck will last well beyond twelve years, and that it gets you to where you want to go.

If you would like to know more about our data and process, check out our FAQ here.