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What is the Tesla Model S’s estimated depreciation?
Do Teslas hold their value well or do they depreciate quickly?
Jacqulyn Graber · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
A Tesla Model S will depreciate about 35% in value after 5 years of ownership. This means that all else constant, if purchased for $99,800, a Model S will have a resale value of $64,451 five years later.
While 35% might seem like a big percentage, the Model S actually does much better than other electric and plug-in hybrid (PHEV) vehicles. Most depreciate significantly the second you drive them off the lot.
The Tesla Model S loses most of its value in the first three years, but depreciation rates flat out significantly in later years.
Just keep in mind that these depreciation rates assume your Model S is kept in great condition and you’re only averaging 12,000 miles or less each year.
If you want to lower your
Tesla Model S insurance cost
, the Jerry
app is a good place to start. As a licensed broker
, Jerry does all the hard work of finding cheap quotes from name-brand insurance companies and helping you finalize your new car insurance.And to ensure you always have the lowest rate, Jerry will send you new quotes every time your policy comes up for renewal, so you’re always getting the coverage you want at the best price. This level of service is why Jerry earned a 4.7/5 rating on the App Store and made it the top insurance app in the country.
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