Tesla Model X Depreciation

A Tesla Model X will depreciate 44% after 5 years and have a 5 year resale value of $60,315.

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 $17,264 83.94% $90,231 12,000 2022
2 $25,487 76.29% $82,008 24,000 2023
3 $37,226 65.37% $70,269 36,000 2024
4 $42,805 60.18% $64,690 48,000 2025
5 $47,180 56.11% $60,315 60,000 2026
6 $61,562 42.73% $45,933 72,000 2027
7 $71,613 33.38% $35,882 84,000 2028
8 $76,601 28.74% $30,894 96,000 2029
9 $81,954 23.76% $25,541 108,000 2030
10 $84,620 21.28% $22,875 120,000 2031

Tesla Model X Depreciation

Years Old Depreciation Residual Value Resale Value
1 $17,264 83.94% $90,231
2 $25,487 76.29% $82,008
3 $37,226 65.37% $70,269
4 $42,805 60.18% $64,690
5 $47,180 56.11% $60,315
6 $61,562 42.73% $45,933
7 $71,613 33.38% $35,882
8 $76,601 28.74% $30,894
9 $81,954 23.76% $25,541
10 $84,620 21.28% $22,875

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 $25,487 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 $21,693. 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.

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 $321 $0 0% 100%
2020 $102,220 $86,146 $342 $17,349 16.76% 83.94% Better
2019 $107,750 $82,586 $382 $3,560 4.13% 76.29% Better
2018 $109,750 $72,184 $442 $10,402 12.6% 65.37% Best
2017 $104,022 $63,078 $482 $9,106 12.61% 60.18% Good
2016 $102,500 $58,078 $563 $5,000 7.93% 56.11% Good
Year Price % Paid Value Rank
2021 $103,495 100%
2020 $86,146 83.94% Better
2019 $82,586 76.29% Better
2018 $72,184 65.37% Best
2017 $63,078 60.18% Good
2016 $58,078 56.11% 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: