Depreciation & used values · Saloon (EV)
Tesla Model 3 depreciation
The Tesla Model 3 loses about 54% of its value in its first three years. From a list price of £45,000, a 2023 example with around 36,500 miles on the clock is worth about £18,250 today. The year-by-year table below values every age of Model 3 at its typical mileage, from the same model behind its full profile.
How this curve is built — the level is pinned to a researched used-market price for this model (AutoTrader median, 2023 at 30k miles). The curve shape itself is a segment-level model shared with similar cars, not a per-model measurement, so treat the year-on-year pattern as indicative and the anchored year as the firm point.
Value by registration year
What a used Model 3 is worth, year by year
Each row values that year's Model 3 at its typical mileage (12,101 miles a year). The headline is the midpoint of a private sale and a dealer forecourt price; the range reflects condition and history.
| Reg year | Age | Typical miles | Est. value | Likely range | Of new price |
|---|---|---|---|---|---|
| 2026 | <1 yr | 6,000 | £36,250 | £33,150–£39,300 | 81% |
| 2025 | 1 yr | 12,000 | £24,500 | £22,300–£26,700 | 52% |
| 2024 | 2 yrs | 24,000 | £21,150 | £19,200–£23,150 | 43% |
| 2023 | 3 yrs | 36,500 | £18,250 | £16,500–£20,050 | 37% |
| 2022 | 4 yrs | 48,500 | £15,800 | £14,200–£17,400 | 35% |
| 2021 | 5 yrs | 60,500 | £13,650 | £12,200–£15,100 | 32% |
| 2020 | 6 yrs | 72,500 | £11,800 | £10,500–£13,100 | 29% |
| 2019 | 7 yrs | 84,500 | £10,200 | £9,050–£11,350 | 26% |
Values are the Forecourt model's estimate at each age's typical mileage, not offers. For a specific mileage, trim and region, use the full Model 3 profile →
The depreciation curve
Share of original value retained by age (to 7 years). The same curve drives the interactive chart on the profile.
Best time to buy or sell
Buy — Past the steep drop — most of the depreciation is behind it
- Loses about 7% a year around 3 years old
- UK numbers growing (+18.8% year on year)
- Reliability 63/100
Model 3 depreciation — quick answers
How much does a Tesla Model 3 depreciate?
The Tesla Model 3 loses about 54% of its value in the first three years. A 2023 example with around 36,500 miles is worth about £18,250 today.
What is a 2023 Tesla Model 3 worth?
A 2023 Tesla Model 3 at a typical 36,500 miles is worth about £18,250 — likely between £16,500 and £20,050 depending on condition and history.
When is the best time to buy or sell a Tesla Model 3?
Past the steep drop — most of the depreciation is behind it. It loses about 6.9% a year around 3 years old.