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What is a Tesla’s depreciation rate?
I’ve been wanting to get an electric vehicle for a while now, so of course, I’m looking at Teslas. I’m worried about the crazy depreciation people are saying EVs are subject to, though. What’s depreciation like on a Tesla?
Sarah Gray · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
You’re right that many EVs are known to depreciate a lot more quickly than gas-powered vehicles, but this doesn’t seem to be the case with Tesla. Across the four models currently on offer, you can expect an average Tesla depreciation rate of about 18%.
This is what depreciation rates look like for 2022 Tesla models:
As you can see, if you’re really looking to dodge the bullet on depreciation, the Model 3 is your best bet—and it’s the most affordable model, so you’ll be saving money two ways. Why not add a third aspect to that money-saving model, and shop on the
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Jerry partners with more than 50 insurance companies, but our content is independently researched, written, and fact-checked by our team of editors and agents. We aren’t paid for reviews or other content.
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