Tesla Model 3 loses value up to 5 times slower than the competition

Most customers choose only the purchase price when choosing a car, but Tesla Model 3 also offers an advantage in later sales.

This interesting finding came from the company operating the internet car search engine iSeeCars.com, which analyzed over 6.9 million vehicles sold in order to find out which cars have lost the most and least in value in the last three years. At the same time, Tesla Model 3 won the electric car market.

One previous iSeeCars.com study in the past showed that cars lose an average of 39.1% of their value over three years. For electric cars, the loss of value tends to be higher, which is caused, for example, by concerns about the condition and life of the battery and faster technological obsolescence. After three years, electric cars can lose up to 59.2% of their value

And why are we still talking about three-year-old cars? Mainly because they are popular among those interested in used cars. Within three years, the new car is losing significant value, but at the same time it still offers modern multimedia functions / services and high safety standards.

So how did the survey of three-year-old electric cars turn out on the US market? The largest loss of value was experienced by the BMW i3 (60.4%) and Nissan Leaf (60.2%). Both models are thus above the average limit. The Kia Soul EV (58.7%) ended just below it.

The best results, at least for the current owners, but offered by Tesla. The value of Model S decreased by 36.3%, Model X by 33.9% and Model 3 deteriorated by only 10.2%. This is almost five times less than the average among electric cars. And three times less than the overall average.

The funny thing is that the Tesla Model 3 pays for one of the most affordable electric cars in the USA. At the same time, it retains its value better than premium competition from its own and overseas ranks. “Tesla Model 3 is still in high demand – despite production in 2017,“Teslarati cites the study he pointed out.

Thus, although the Tesla Model 3 is not the cheapest compared to new traditional (equipped with internal combustion engine) cars, its ownership can be paradoxically more advantageous.


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