The resale value of a Tesla Model S is generally very good compared to other cars, especially electric ones 🚗. After five years, a Tesla Model S typically loses about 71% of its original price, which means if you bought it for around $88,880, it would be worth about $26,024 after five years 📉.
The Model S holds its value well because it is a high-quality car with strong performance and features, making it popular among buyers 🚀. Additionally, used Tesla Model S cars often sell faster than similar models from other brands, which helps maintain their value over time ⏱️.
Used Tesla Model S prices can vary widely depending on the age and condition of the car, ranging from around $13,000 for older models to nearly $95,000 for newer ones with low mileage 📊. This wide range shows how much the car’s condition and age affect its resale value 🚗.
Overall, the Tesla Model S is a good choice if you want a car that will keep some of its value over time, which can be important if you plan to sell it later 💰.