Tesla Model 3 Resale Value and Depreciation
See how much the Tesla Model 3 depreciates and retains its value over a 3-, 5-, 7- and 10-year timeframe.
Depreciation is the single largest factor in the cost of owning a vehicle. That means knowing how much a vehicle depreciates over time and how well it will hold its value is important. iSeeCars analyzed over 15 million vehicles to determine how much each model depreciates over a 3-, 5-, 7- and 10-year period. Typically, five years is the timeframe used to evaluate and compare depreciation across vehicles.
A new Tesla Model 3 depreciates 57 percent after five years, resulting in a resale value of $18,273. In comparison, the luxury electric compact car category, which the Tesla Model 3 belongs to, loses 57 percent of its value after five years. For further context, the five-year depreciation for all sedans is 42.8 percent and for all vehicles is 45.5 percent.
If you plan to drive a new Tesla Model 3 for shorter or longer than five years, check the depreciation data for the other time periods. After three years, an Tesla Model 3 sees a depreciation of 54 percent with a resale value of $19,529. Its 7-year depreciation is 66.3 percent and 10-year depreciation is 75.6 percent.
Depreciation is the single largest factor in the cost of owning a vehicle. That means knowing how much a vehicle depreciates over time and how well it will hold its value is important. iSeeCars analyzed over 15 million vehicles to determine how much each model depreciates over a 3-, 5-, 7- and 10-year period. Typically, five years is the timeframe used to evaluate and compare depreciation across vehicles.
A new Tesla Model 3 depreciates 57 percent after five years, resulting in a resale value of $18,273. In comparison, the luxury electric compact car category, which the Tesla Model 3 belongs to, loses 57 percent of its value after five years. For further context, the five-year depreciation for all sedans is 42.8 percent and for all vehicles is 45.5 percent.
If you plan to drive a new Tesla Model 3 for shorter or longer than five years, check the depreciation data for the other time periods. After three years, an Tesla Model 3 sees a depreciation of 54 percent with a resale value of $19,529. Its 7-year depreciation is 66.3 percent and 10-year depreciation is 75.6 percent.
Tesla Model 3 Depreciation After 3, 5, 7 and 10 Years
Tesla Model 3 Depreciation and Resale Value
| Vehicle Age | % Depreciation | $ Depreciation | % Residual Value | $ Residual Value |
|---|---|---|---|---|
|
3 Years |
54% |
$22,961 |
46% |
$19,529 |
|
5 Years |
57% |
$24,217 |
43% |
$18,273 |
|
7 Years |
66.3% |
$28,161 |
33.7% |
$14,329 |
|
10 Years |
75.6% |
$32,137 |
24.4% |
$10,353 |
Tesla Model 3 Depreciation Comparison
| 3-Year Depreciation | 5-Year Depreciation | 7-Year Depreciation | 10-Year Depreciation | |
|---|---|---|---|---|
|
Tesla Model 3 |
54% |
57% |
66.3% |
75.6% |
|
All Luxury Electric Compact Cars |
53.9% |
57% |
66.3% |
77.5% |
|
All Sedans |
30.9% |
42.8% |
54.4% |
66.3% |
|
All Cars |
31.7% |
45.5% |
56.5% |
67.4% |
Methodology
iSeeCars analyzed over 15 million vehicles to calculate the depreciation and resale value for each model after 3, 5, 7, and 10 years. The depreciation for a given model is calculated from the difference between the new car price and the used car price for the model at each age. Factors such as the car's automaker and vehicle segment are taken into account in iSeeCars' mathematical model to estimate resale value and depreciation. Various segment averages are also calculated for context.