Used Tesla Model 3 Prices Are Getting Unbelievably Low
The prices of Teslas overall have been slowly getting cheaper over the past couple of years. That even applies to brand-new ones. However, what’s interesting is the fairly rapid depreciation we’re seeing on used Tesla Model 3 examples that are just a handful of years old. Surprisingly, this is even true of the Performance models.
450 Horsepower, all-wheel drive, 0-60 in 3 seconds, and 300-mile range for $25k
If you’re shopping for a used Tesla Model 3, you’re likely interested, at least in some capacity, in the Performance model. Why wouldn’t you be? It’s all-wheel drive and sprints from zero to 60 miles per hour in just 3.1 seconds. That’s as fast as a Ferrari F12 Berlinetta! Better still is the fact that it has a charge range of about 300 miles when full.
So, when this 2018 Model 3 Performance sold for just over $25,000 on Cars and Bids, I was a bit surprised! It’s a single-owner car with a clean title and just over 45,000 miles on the odometer. It’s also got some tasteful modifications, including 20-inch TST wheels, Michelin Pilot Sport 4S tires, and Unplugged Performance lowering springs.
In addition, it’s got XPEL paint protection film applied to the front end to help combat rock chip damage. Over both the paint and PPF, the owner had a layer of ceramic coat applied to the entire car in 2018. Not bad!
Sure, comparing it to the likes of a Ferrari F12 is a bit unfair. However, considering most owners of high-performance cars never do more than just floor it on public streets, a used Tesla Model 3 Performance is exactly the same at a twelfth of the price in this case!
Yes, that’s a joke. Calm down. You get my point here.
Will used Tesla prices continue to fall?
It’s hard to imagine this modern of a Tesla with this level of performance getting much cheaper than this in any short order. I could be wrong, though. As they fall out of warranty, their prices could continue to dwindle.
This particular example, however, is still within the Tesla 8-year/100,000-mile powertrain warranty that covers both the battery and motors. So there’s still a handful of worry-free years left knowing that Tesla will replace the battery or one of the motors if it dies. That is, as long as the new owner doesn’t put over 65,000 miles on it before then.
Overall, it’ll be interesting to see how the prices trend on these cars. I’ll definitely be keeping an eye on it!