Depreciation & used values · SUV (EV)
Tesla Model Y depreciation
The Tesla Model Y loses about 46% of its value in its first three years. From a list price of £45,000, a 2023 example with around 36,000 miles on the clock is worth about £24,050 today. The year-by-year table below values every age of Model Y 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 Y is worth, year by year
Each row values that year's Model Y at its typical mileage (12,000 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 | £40,900 | £37,400–£44,350 | 91% |
| 2025 | 1 yr | 12,000 | £34,250 | £31,200–£37,250 | 76% |
| 2024 | 2 yrs | 24,000 | £28,700 | £26,050–£31,350 | 61% |
| 2023 | 3 yrs | 36,000 | £24,050 | £21,700–£26,350 | 49% |
| 2022 | 4 yrs | 48,000 | £20,200 | £18,150–£22,250 | 37% |
| 2021 | 5 yrs | 60,000 | £17,000 | £15,250–£18,800 | 34% |
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 Y profile →
The depreciation curve
Share of original value retained by age (to 5 years). The same curve drives the interactive chart on the profile.
Best time to buy or sell
Wait — Still shedding value quickly — buying older saves the most
- Loses about 24% a year around 3 years old
- UK numbers growing (+22.6% year on year)
- Reliability 53/100
Model Y depreciation — quick answers
How much does a Tesla Model Y depreciate?
The Tesla Model Y loses about 46% of its value in the first three years. A 2023 example with around 36,000 miles is worth about £24,050 today.
What is a 2023 Tesla Model Y worth?
A 2023 Tesla Model Y at a typical 36,000 miles is worth about £24,050 — likely between £21,700 and £26,350 depending on condition and history.
When is the best time to buy or sell a Tesla Model Y?
Still shedding value quickly — buying older saves the most. It loses about 23.6% a year around 3 years old.