Tesla Model X Depreciation

A Tesla Model X will depreciate 29% after 5 years and have a 5 year resale value of $79,566.

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 $112,461 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 X.

Tesla Model X Depreciation Calculator

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Tesla Model X Depreciation

Years Old Depreciation Residual Value Resale Value Mileage Resale Year
1 $14,575 87.04% $97,886 12,000 2022
2 $16,869 85.00% $95,592 24,000 2023
3 $19,118 83.00% $93,343 36,000 2024
4 $28,621 74.55% $83,840 48,000 2025
5 $32,895 70.75% $79,566 60,000 2026
6 $36,539 67.51% $75,922 72,000 2027
7 $61,842 45.01% $50,619 84,000 2028
8 $70,895 36.96% $41,566 96,000 2029
9 $77,767 30.85% $34,694 108,000 2030
10 $82,265 26.85% $30,196 120,000 2031

Tesla Model X Depreciation

Years Old Depreciation Residual Value Resale Value
1 $14,575 87.04% $97,886
2 $16,869 85.00% $95,592
3 $19,118 83.00% $93,343
4 $28,621 74.55% $83,840
5 $32,895 70.75% $79,566
6 $36,539 67.51% $75,922
7 $61,842 45.01% $50,619
8 $70,895 36.96% $41,566
9 $77,767 30.85% $34,694
10 $82,265 26.85% $30,196

Buying a Tesla Model X New vs Used

If you purchase a used Tesla Model X that is 2 years old, then you could save $16,869 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 $16,026. 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 X models become available.

What About Tesla Model X Insurance Costs?

The average cost to insure a Tesla Model X is about $3,753 per year. This adds up to around $18,765 after 5 years of vehicle ownership. Unlike depreciation, this expense can often be lowered by shopping around for lower insurance premiums. Comparing quotes will ensure that you are not overpaying if you already own a Tesla Model X. Or, if you are just researching, then it would be money-wise to know this cost before buying. Try our Competitive Quote Tool or the form below to get free quotes. Advertising Disclosure

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The Best Model Years to Buy a Tesla Model X

The 2021 Tesla Model X is our top pick for the best model year value for the Model X. With the 2021, you would only pay, on average, 87% of the price as new, with 92% of the vehicle's useful life remaining. The 2018 and 2020 model years are also attractive years for the Model X, and provide a relatively good value. Our rankings consider multiple factors, including the Model X's price as new, current price, maintenance costs and remaining years of overall predictabe expenses. Our top ranked model year represents the most car for the money of the Tesla Model X models.

Tesla Model X Historical Depreciation

Year New Price Current Price Maintenance $ Decline % Decline % Paid Value Rating
2022 $112,461 $112,461 $326 $0 0% 100%
2021 $112,157 $97,969 $349 $14,492 12.89% 87.04% Best
2020 $102,220 $86,887 $385 $11,082 11.31% 85% Better
2019 $107,750 $89,433 $443 +$2,546 -2.93% 83% Good
2018 $109,750 $82,313 $491 $7,120 7.96% 74.55% Better
2017 $104,022 $74,167 $567 $8,146 9.9% 70.75% Good
2016 $102,500 $69,918 $720 $4,249 5.73% 67.51%
Year Price % Paid Value Rank
2022 $112,461 100%
2021 $97,969 87.04% Best
2020 $86,887 85% Better
2019 $89,433 83% Good
2018 $82,313 74.55% Better
2017 $74,167 70.75% Good
2016 $69,918 67.51%

Tesla Model X Depreciation Rankings

Depreciation Rankings

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

Depreciation Rankings

Other Tesla Model X 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 X 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: