A Brand New Tesla Model Y Will Actually Cost You Less Than Used
New Tesla Model Ys are popular – so popular, in fact, that they can be hard to find. The ongoing chip crisis and supply chain disruptions are making it hard for car manufacturers to churn out as many SUVs as usual. That applies even to Tesla, which has been facing delays, including with the 2022 Tesla Model Y. If you’ve been waiting for a brand new Model Y, you might be tempted to look for a used Tesla Model Y instead. However, that might actually cost you more. Here’s how much you might pay for a used Model Y compared to new.
A used Tesla Model Y is more expensive than brand new
According to Business Insider, a used Tesla Model Y is even more expensive than brand new right now. If you purchase a new Model Y, you can expect to pay about $56,685. A used Model Y is even more expensive, at $64,930. That’s a difference of $8,245, or 14.5%. This makes the Model Y the most expensive used SUV compared to new right now.
If you don’t absolutely have to buy an SUV right now, it might not be a bad idea to wait. Because there are so few new cars being made, car shoppers that would normally buy new are looking for used. This is driving up the cost for used SUVs, including the Model Y.
How long is the wait for the Model Y?
If you order the 2022 Tesla Model Y Long Range in December of 2021, you can expect delivery in July of 2022. That’s a pretty long wait for the Model Y Long Range. If, however, you’re willing to exchange the extra miles for additional (and possibly unnecessary speed), then you can get the 2022 TeslaModel Y Performance in February of 2022.
The 2022 Tesla Model Y Long Range has a range of 318 miles and a top speed of 135 mph, according to the Tesla website. It can go from 0 to 60 in just 4.8 seconds. On the other hand, the Model Y Performance has a range of 303 miles and a top speed of 155 mph, which is way more than anyone should need. It can go from 0 to 60 in 3.5 seconds.
When will car prices drop?
If you’re in the market for a new SUV, you’re probably wondering when car prices will go down. It’s a good question but unfortunately, there’s no definitive answer. While the increase in car prices has been slowing down recently, no one is quite sure when or whether they will stop climbing the way they have. Still, there’s a chance that the market could steady sometime early in 2022.
If you absolutely need a new or new-to-you SUV right now, you may have no choice but to bite the bullet and buy a new or used SUV. If you have the option to wait, it may be a good idea to do so. Car prices are insanely high right now, and if things return to the way they were, that could mean a major depreciation for your vehicle. In the case of the Model Y, you don’t want to overpay by nearly 15% if you don’t have to.