Depreciation on the refreshed Model 3 vs older models

The refresh will always be older then non-refresh models and so in most cases will be more expensive.

They’re going to depreciate just as hard

I don’t buy a car based on depreciation

Ok?

Not all of us are fortunate enough to be so poor at managing our money.

I’d go newest you can afford and expect similar rates of depreciation. Refresh will always be worth more because it’s newer, more comfortable, and has HW4

The only issue I can see is the particular year where there is no internet stalk may fair worse than the others. Though Tesla will retrofit for £675. All Tesla’s tank hard in the first 3 years. I see you can pick up a 2025 plate with 4k miles for £31K or with 20K miles for £28K. So that is 10k a year depreciation. After 3 years it seems to plateau so I would guess the old model 23 plate is the sweet spot

Well, it depends, a 70k car deprecating to 30k hits way harder than a 30k car deprecating to 20k

I don't like the way you buy cars

I got a 24 with 7k miles for under 35k from Tesla. Good deals to be had if you’re willing to go used.

yeah and those older models will be 10 years so, a 10 year old car will have lost 70% of its value or so. I do think the refresh will hold slightly higher, they do have more features and have better reliability. Maybe instead of a 70% drop after 10 years it will be a 65% lol.

I think what matters most is the trim level and if fsd is owned outright. I almost leased the new model 3 and instead got a 2019 with 39k miles and fsd outright, which since it has fsd outright, it should be due for a retrofit soon to get unsupervised fsd

I just sold my 2021 Tesla model 3, 62K, for market value which put it at 23K. They older Tesla certainly hold their value! As far as the new highlands. I just got a 2025 performance 3, and I can say for sure it’s not just a refreshed model it’s actually almost an entirely new car imho.

I think the 24+ highland are a big step up in refinement & assembly improvements. Mine is a 25 and coming from a 19, it has same driveability but now with more comfort. If you can find a 25 <=35K I think is a good deal. 24+ <=28K could be worthwhile despite early build # & associated teething gremlins (not that I have read of any). The turn stalk complaint is asinine IMO. If we as human can't adapt to this then why get up in the morning.

My M3PH Highland is still selling around 45k on the used market so after 2 years I’m happy with that!

I disagree, I know many people with brand new Teslas who would pay whatever to NOT have a silly stalk.

Lol, retrofit.

i guess we gonna have to wait and see if Elon is full of shit

Yeah. There does seem to be a floor of ~20k for all miles under like 150k. But who knows if it'll hold true in the future

As a 2024 Highland owner, my first EV, just do it. Im not a big car guy but its hands down the best car Ive ever owned (nearing 50). From the smooth ride, the innovation inside, the interior, the sound system, the fun zippiness of it, the charging, the app features, the autopilot and the exterior styling that drew me in the first place... I will say its far superior to the older models in every way. But then again, thats just me

No doubt. Personally, I believe Tesla has a superior product when compared to its other EV counterparts on the market. And generally speaking, good products typically hold their value better than those that aren't.

Just got my 23 M3P and only test drove the 25 M3P and MYP…. The refresh is damn near a completely different car but my limit was 30. So i found a 23 M3P 25k mi, for about 29 from Tesla. Happy with the money savings but if I could have pushed a little further for the refresh I would have. Im gonna update my suspension to the highland refresh in the future and see if that helps. The 20s ride rougher than expected but overall still happy with my purchase.

I have a ‘25 M3 RWD LR (called premium now) I leased for 2 yrs 10,000 miles/yr. Purchase price $42,500. Same car with very similar miles on Car Gurus is going for $36,800 or 13.5% less than new. My residual buyout will be $30,000ish. I’m feeling pretty good about that value for buying it out. But it will depend on if there are any meaningful upgrades - battery capacity, charge speed, charging curve. https://preview.redd.it/zbu61ggwq9ng1.jpeg?width=4032&format=pjpg&auto=webp&s=636321837fcefa3340bb41252a6e692177b1922c

Its about the ice comparable. I can buy a Tesla and all the cool shit, avoid the pump, or buy a boring old overpriced Toyota/other for the same price. The depreciation curve has slowed massively and matches the ice car at this point Tesla wins!

I've heard used Teslas are getting a boost with the removal of Autopilot on new models, everyone told me my 2024 Model 3 would be down 50% after two years and that's not nearly the case. It will depreciate sure, but I don't think at a crazy rate as seen before or at a rate people are used to.

What is this Unsupervised FSD you speak of?

During the first years of fsd, it was always sold with the promise of full autonomous driving. That hasnt been the case clearly, and for all hardware 3 cars the latest updates are not compatible anymore. So Elon, said that as soon as the cybercabs are released, he will work on a retrofit to make the FSD work autonomous on the older teslas tht have fsd owned to fulfill his promise. Which is why he also stopped selling FSD outright and its only subscription based now. He wants to ensure whoever is on subscription, is aware that supervised fsd is all they are gonna get unless their tesla hardware is capable for unsupervised.

They both lost 30-40% so it really doesnt matter

Nah, there's a term called “rock bottom value.” Depreciation slows down significantly the lower the price gets.

It definitely depends on when it was purchased and if it’s from MSRP or what was paid. If you bought one pre 2023, or after and did not get any incentives, yup 30-40%, or more, since the incentives were all priced in. You can see the opposite happening with used prices rising since the incentives went away.

Imagine worrying about this stuff at eof (end of life). People don’t lmao, hospice nurse for 11 years. You’re doing it right. Spend your money on things you want and like because you can take none of it with you.

People will either buy them new or wait till the big depreciation settles for better buy. The time in between doesnt matter bc theyre bad buys

I thought so. Thank you!

Thanks for the reply! Car looks amazing btw

not bad at all

I’ve heard they drop 50% after driving it out of Tesla. Thank you for clearing that up

Thanks. I know it’s a commuter car and not unique however I like the body lines. The tint 50% on the sides and 70% on the windshield gives it a bit of a “meaner” look. If you get one, I guarantee you will love it.

Yeah no kidding! After all the horror stories I’ve heard on Tesla depreciation I was expecting less than 35k for a 2024 3 Performance. Out of curiosity I went on Carvana and they offered 42k for mine, not bad at all.

Yeah, if depreciation is anyone's worry, this is a good example of the base trim usually being the safest bet (and it's still a fantastic car). But I suppose this is true for most consumer products. The used market rarely pays you back dollar-for-dollar for extra options because fewer buyers are shopping for them. It also explains why higher trims or luxury packages almost always take the biggest hit.

I got offered 10k by Carmax for my 2018. 😬

Very true. To a point. Then those extra options start to become desirable because there are fewer vehicles with them in the used market. It’s an interesting dynamic

I mean, it should be a consideration. Unless you keep your cars beyond the point that would matter.

Eh, the 7,500 credit is no longer here, so it shouldn’t be as drastic as it used to be.

I picked up a 2020 with 280km for $16.5k CAD in September.

Yeah, I've been looking also and they are hard to come by used (not damaged) for less than 42k. It has to be the incredible value of everything (Speed, FSD, efficiency etc.. helping them trudge slowly down lol.

The more you pay the more you lose. They'll all depreciate, especially once Tesla goes 800V.

No brainer. Newer so much better. I have both. Life changing. Love to drive it.

I concur.

Have a m3p 24 and it is literally the only car that makes me want to drive more. Depreciation is something you'll just have to deal with if you want to trade the car in later. I just have a tendency to drive it till it dies.

I drve a 2018 M3. I have had it since new and put about 75k miles in. It creaks and growns these days but has never left me stranded I think these cars are sold in high numbers and the technology is still changing rapidly. Depreciation will continue to be significant new refresh or not. I would not look to resale values as a reason to buy the car newer or older version.

I feel exactly the same way. I’ve owned many and even the 2021 M3LR we own is amazing. It’s a joy jumping into a car that is so smart and smooth while being one of the most efficient vehicles in the world. We will definitely get another Tesla in the future

With the 24 and 25, most of the depreciation is done. You’ll be fine.