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What's the level of Tesla Model Y depreciation?
Owning a Tesla is on my bucket list. I love the idea of driving around in an electric car, and I love that I’m not wrecking the environment just to take a leisurely stroll. My only issue lies in deprecation. How much does a Tesla Model Y depreciate over time?
Eric Schad · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
Tesla is one of the newest automakers around, so gauging depreciation isn’t all that easy. However, recent figures show that the level of depreciation on the Tesla Model Y is around 40% over the first five years of ownership.
However, that shouldn’t necessarily deter you from buying one. It’s just something to consider if you ever want to sell your car. If you plan on owning the Model Y until it dies, it’s a moot point. Otherwise, you may want to consider a used or certified pre-owned model.
The original owner eats the cost of a used or pre-owned model so you don’t have to. If you’re a thrifty buyer, it’s a great option.
Speaking of thriftiness, don’t let your
Tesla Model Y insurance costs
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- Gregory R.
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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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