Tesla Model Y Depreciation

A Tesla Model Y will depreciate 56% after 5 years and have a 5 year resale value of $24,946.

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 $57,333 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

Years Old Depreciation Residual Value Resale Value Mileage Resale Year
1 $16,036 72.03% $41,297 13,500 2021
2 $19,384 66.19% $37,949 27,000 2022
3 $23,833 58.43% $33,500 40,500 2023
4 $28,644 50.04% $28,689 54,000 2024
5 $32,387 43.51% $24,946 67,500 2025
6 $38,086 33.57% $19,247 81,000 2026
7 $40,712 28.99% $16,621 94,500 2027
8 $43,212 24.63% $14,121 108,000 2028
9 $44,966 21.57% $12,367 121,500 2029
10 $46,721 18.51% $10,612 135,000 2030

Tesla Model Y Depreciation

Years Old Depreciation Residual Value Resale Value
1 $16,036 72.03% $41,297
2 $19,384 66.19% $37,949
3 $23,833 58.43% $33,500
4 $28,644 50.04% $28,689
5 $32,387 43.51% $24,946
6 $38,086 33.57% $19,247
7 $40,712 28.99% $16,621
8 $43,212 24.63% $14,121
9 $44,966 21.57% $12,367
10 $46,721 18.51% $10,612

Tesla Model Y Depreciation Calculator

Current Vehicle Age
Current Price
Own it For
Annual Miles

If you purchase a used Tesla Model Y that is 2 years old, then you could save $19,384 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 $13,003. 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.

Considering financing? Try our Tesla Model Y Loan Calculator, which will steer you away from unattractive loan structures that put you in a bad financial position relative to the value of your vehicle. Customize a loan that is right for you, or try some basic options, No Money Down, 10% Down and 20% Down.

Featured Tesla Model Y Video

Tesla Model Y Photos

Our Favorite Tesla Model Y Photo

About Our Data and "Useful Lifespan"

We aggregate and analyze millions of automotive data points from a variety of sources, including some of the industry's leading data providers. The historical depreciation tables, charts, values and overall rankings are conducted on a semi-annual basis, with our most recent update published in September 2020.

While the "Useful Lifespan" of a vehicle will vary greatly from one model to the next, and even one owner to the next, we have determined that twelve years is the most appropriate timeframe which will yield us good, usable data - and that any data beyond that timeframe becomes more dispersed, and ultimately less reliable. Moreover, maintenance costs beyond that timeframe become significantly more varied, as a vehicle owner's care of a particular vehicle will greatly impact its value, and ongoing . We are very much hopeful, however, that your car or truck will last well beyond twelve years, and that it gets you to where you want to go.

If you would like to know more about our data and process, check out our FAQ here.