Tesla Model 3 Depreciation

A Tesla Model 3 will depreciate 41% after 5 years and have a 5 year resale value of $27,331.

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. It also assumes a selling price of $46,355 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

Years Old Depreciation Residual Value Resale Value Mileage Resale Year
1 $3,722 91.97% $42,633 13,500 2021
2 $7,083 84.72% $39,272 27,000 2022
3 $10,444 77.47% $35,911 40,500 2023
4 $14,973 67.70% $31,382 54,000 2024
5 $19,024 58.96% $27,331 67,500 2025
6 $22,130 52.26% $24,225 81,000 2026
7 $25,333 45.35% $21,022 94,500 2027
8 $27,971 39.66% $18,384 108,000 2028
9 $30,057 35.16% $16,298 121,500 2029
10 $31,721 31.57% $14,634 135,000 2030

Tesla Model 3 Depreciation

Years Old Depreciation Residual Value Resale Value
1 $3,722 91.97% $42,633
2 $7,083 84.72% $39,272
3 $10,444 77.47% $35,911
4 $14,973 67.70% $31,382
5 $19,024 58.96% $27,331
6 $22,130 52.26% $24,225
7 $25,333 45.35% $21,022
8 $27,971 39.66% $18,384
9 $30,057 35.16% $16,298
10 $31,721 31.57% $14,634

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 $7,083 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 $11,941. 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.

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: