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.

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: