Tesla Model Y Depreciation

A Tesla Model Y will depreciate 48% after 5 years and have a 5 year resale value of $30,239.

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 $57,906 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 Y.

Tesla Model Y Depreciation Calculator

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Tesla Model Y Depreciation

Years Old Depreciation Residual Value Resale Value Mileage Resale Year
1 $12,056 79.18% $45,850 12,000 2022
2 $15,808 72.70% $42,098 24,000 2023
3 $20,093 65.30% $37,813 36,000 2024
4 $24,037 58.49% $33,869 48,000 2025
5 $27,667 52.22% $30,239 60,000 2026
6 $33,163 42.73% $24,743 72,000 2027
7 $38,577 33.38% $19,329 84,000 2028
8 $41,264 28.74% $16,642 96,000 2029
9 $44,148 23.76% $13,758 108,000 2030
10 $45,584 21.28% $12,322 120,000 2031

Tesla Model Y Depreciation

Years Old Depreciation Residual Value Resale Value
1 $12,056 79.18% $45,850
2 $15,808 72.70% $42,098
3 $20,093 65.30% $37,813
4 $24,037 58.49% $33,869
5 $27,667 52.22% $30,239
6 $33,163 42.73% $24,743
7 $38,577 33.38% $19,329
8 $41,264 28.74% $16,642
9 $44,148 23.76% $13,758
10 $45,584 21.28% $12,322

Buying a Tesla Model Y New vs Used

If you purchase a used Tesla Model Y that is 2 years old, then you could save $15,808 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 $11,859. 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 Y models become available.

Tesla Model Y Depreciation Rankings

Depreciation Rankings

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

Depreciation Rankings

Other Tesla Model Y 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 Y 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: