by bentocorp on 3/9/25, 11:30 PM with 38 comments
by streptomycin on 3/10/25, 12:34 AM
Is much of that driven by the price of new Model Ys declining? I bought one last year and (after accounting for rebates/incentives) it was less than half the price of a few years ago. That may suck for people who bought at the high price and want to resell, because of course they won't be able to sell a used Model Y for more than a new one, so that puts a hard upper limit on the value of used ones. But it's kind of awesome for the rest of us.
by prepend on 3/10/25, 12:39 AM
Wouldn’t this chart be more likely due to just Model Y being a relatively new car and more used coming into the market, off leases, etc.
It seems silly to compare overall prices without comparing similar models like what a 2018 with 40k miles cost last year vs a 2019 with 40k miles now.
Ys came out in 2020 and really got popular in 2021-2, so it makes sense that initially used car prices would be higher for 1 year old cars vs when those care are 2 and 3 and 4 years. And depreciation is high in early years so this seems kind of normal.
by sleepyguy on 3/10/25, 1:29 AM
But if I were to consider a used Tesla, I wouldn't pay more than what a battery replacement cost. I could deal with the other problems like control arms and coolant leaks, but the replacement of the Battery/BMS is a risky proposition for me if it is no longer under warranty.
by jerlam on 3/10/25, 1:40 AM
Do people often sell their current, functioning vehicle to buy a slightly facelifted vehicle of the same model? Sure people will buy a bigger, faster, or more fuel-efficient car. But I don't know people who will spend 20k or so to get pretty much the same car. And if your previous (less than 8 year old) Tesla had significant problems, I wouldn't be buying another one.
by jamesy0ung on 3/10/25, 12:27 AM
It seems like a used Tesla would be a better deal since most of the parts don't wear out and require maintenance like a petrol car. You can even check the status of the battery from service mode. Reddit seems to suggest high mileage Model 3's are pretty good in terms of reliability.
by cjoelrun on 3/10/25, 2:56 AM
https://www.cargurus.com/research/price-trends/Hyundai-Ioniq... https://www.cargurus.com/research/price-trends/Tesla-Model-3...
by duxup on 3/10/25, 1:26 AM
This is a strange timeline.
by TheAlchemist on 3/10/25, 12:06 AM
"If you buy a Tesla today, I believe you are buying an appreciating asset, not a depreciating asset."
And the reason: "Musk's prediction is based on two assumptions: Tesla vehicles will be able to drive themselves without any human input by the end of 2019, and customers will be able to make money from their vehicles by including them in an autonomous ride-hailing service Musk says will be ready next year."
As Elon would say "Let that sink in".
This is one of the major reasons he's in the White House now. Otherwise he would be in prison.
by blackeyeblitzar on 3/9/25, 11:38 PM
Sounds like used Tesla prices are returning to normal rather than crashing to some other unexpected level.