Tesla Model 3 Retains Almost 90% of its Value at Three Years

According to a study from iSeeCars.com, the Tesla Model 3 has a negligible depreciation compared to other models on the market, retaining almost 90% of its value after three years. This is a very high number that shows that Tesla’s youngest is a great purchase, even from reselling.

Compared to other electric cars, the Tesla Model 3 achieves results up to five times better, which shows that the American sedan remains in force despite the passage of time, something that contrasts with the models of the competition, which tend to get out of date relatively quickly due to the unstoppable advancement of technology in the electric car sector.

“ISeeCars.com analyzed more than 6.9 million car sales to identify the models with the highest value losses after three years. Three years is a popular age among used car buyers because the vehicles have suffered a significant depreciation, but they probably have many of the latest safety and technology features.

Some of these offers offer excellent opportunities to car buyers, such as reliable vehicles that are discounted simply because they are not very popular in their respective segments,” says Phong Ly, CEO of iSeeCars, when explaining why the study was done with vehicles that are three years old.

The conclusion is that a vehicle depreciates, on average, 39.1% after three years, although in electric cars this figure rises to 59.2%. In the case of specific models such as the BMW i3 or the Nissan LEAF, this figure is even higher, with a 60.4% and 60.2% drop, respectively.

“The Tesla Model 3 is the vehicle with the lowest overall depreciation, depreciating five times less than the segment average. The Tesla Model 3 is still in high demand since it began production in 2017. While not a bargain than new units, it offers consumers a more affordable option to own a Tesla.”

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