Depreciation & used values · SUV (EV)
Tesla Model Y depreciation
The Tesla Model Y loses about 50% 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 £24,000 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.
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 | £42,850 | £38,550–£47,150 | 95% |
| 2025 | 1 yr | 12,000 | £32,000 | £28,650–£35,350 | 71% |
| 2024 | 2 yrs | 24,000 | £27,750 | £24,750–£30,750 | 59% |
| 2023 | 3 yrs | 36,000 | £24,000 | £21,300–£26,700 | 49% |
| 2022 | 4 yrs | 48,000 | £22,200 | £19,650–£24,800 | 41% |
| 2021 | 5 yrs | 60,000 | £16,950 | £14,900–£19,000 | 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.
Model Y depreciation — quick answers
How much does a Tesla Model Y depreciate?
The Tesla Model Y loses about 50% of its value in the first three years. A 2023 example with around 36,000 miles is worth about £24,000 today.
What is a 2023 Tesla Model Y worth?
A 2023 Tesla Model Y at a typical 36,000 miles is worth about £24,000 — likely between £21,300 and £26,700 depending on condition and history.