Tesla Model X Depreciation

A Tesla Model X will depreciate 45% after 5 years and have a 5 year resale value of $59,316.

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 $107,495 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 $18,812 82.50% $88,683 12,000 2022
2 $26,970 74.91% $80,525 24,000 2023
3 $38,064 64.59% $69,431 36,000 2024
4 $43,557 59.48% $63,938 48,000 2025
5 $48,179 55.18% $59,316 60,000 2026
6 $62,605 41.76% $44,890 72,000 2027
7 $72,742 32.33% $34,753 84,000 2028
8 $77,364 28.03% $30,131 96,000 2029
9 $82,879 22.90% $24,616 108,000 2030
10 $85,330 20.62% $22,165 120,000 2031

Tesla Model X Depreciation

Years Old Depreciation Residual Value Resale Value
1 $18,812 82.50% $88,683
2 $26,970 74.91% $80,525
3 $38,064 64.59% $69,431
4 $43,557 59.48% $63,938
5 $48,179 55.18% $59,316
6 $62,605 41.76% $44,890
7 $72,742 32.33% $34,753
8 $77,364 28.03% $30,131
9 $82,879 22.90% $24,616
10 $85,330 20.62% $22,165

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 $26,970 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 $21,209. 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 $2,794 per year. This adds up to around $13,970 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

The Best Model Years to Buy a Tesla Model X

The 2018 Tesla Model X is our top pick for the best model year value for the Model X. With the 2018, you would only pay, on average, 65% of the price as new, with 75% of the vehicle's useful life remaining. The 2020 and 2019 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
2021 $103,495 $103,495 $317 $0 0% 100%
2020 $102,220 $84,671 $339 $18,824 18.19% 82.5% Better
2019 $107,750 $81,089 $375 $3,582 4.23% 74.91% Better
2018 $109,750 $71,321 $433 $9,768 12.05% 64.59% Best
2017 $104,022 $62,350 $481 $8,971 12.58% 59.48% Good
2016 $102,500 $57,115 $557 $5,235 8.4% 55.18% Good
Year Price % Paid Value Rank
2021 $103,495 100%
2020 $84,671 82.5% Better
2019 $81,089 74.91% Better
2018 $71,321 64.59% Best
2017 $62,350 59.48% Good
2016 $57,115 55.18% Good

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: