Tesla Model 3 Depreciation

A Tesla Model 3 will depreciate 43% after 5 years and have a 5 year resale value of $26,754.

The chart below shows the expected depreciation for the next 10 years. These results are for vehicles in good condition, averaging 12,000 miles per year. It also assumes a selling price of $47,143 when new. Enter your purchase price, expected ownership period and estimated miles driven annually. Our depreciation calculator will predict an expected resale value for the Tesla Model 3.

Tesla Model 3 Depreciation Calculator

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Tesla Model 3 Depreciation

Years Old Depreciation Residual Value Resale Value Mileage Resale Year
1 $3,828 91.88% $43,315 12,000 2022
2 $6,096 87.07% $41,047 24,000 2023
3 $10,701 77.30% $36,442 36,000 2024
4 $15,732 66.63% $31,411 48,000 2025
5 $20,389 56.75% $26,754 60,000 2026
6 $23,647 49.84% $23,496 72,000 2027
7 $28,408 39.74% $18,735 84,000 2028
8 $30,539 35.22% $16,604 96,000 2029
9 $30,695 34.89% $16,448 108,000 2030
10 $32,472 31.12% $14,671 120,000 2031

Tesla Model 3 Depreciation

Years Old Depreciation Residual Value Resale Value
1 $3,828 91.88% $43,315
2 $6,096 87.07% $41,047
3 $10,701 77.30% $36,442
4 $15,732 66.63% $31,411
5 $20,389 56.75% $26,754
6 $23,647 49.84% $23,496
7 $28,408 39.74% $18,735
8 $30,539 35.22% $16,604
9 $30,695 34.89% $16,448
10 $32,472 31.12% $14,671

Buying a Tesla Model 3 New vs Used

If you purchase a used Tesla Model 3 that is 2 years old, then you could save $6,096 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 $14,293. 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.

Tesla Model 3 Depreciation Rankings

Depreciation Rankings

We've ranked over 200 models from best to worst for Depreciation. See where the Tesla Model 3 ranks for Depreciation compared to other vehicles. Also check out how the Model 3 stacks up in our rankings for Maintenance, Insurance and Overall Costs.

Depreciation Rankings

Other Tesla Model 3 Costs of Ownership

Finding a car or truck that saves on depreciation costs is important. But, it's also imperative to view all major Tesla Model 3 costs. This will ensure that you are finding the vehicle that provides you the best value, at the lowest cost. We've created tools that will also help you to save on the following ownership expenses: