Tesla Model Y was the best-selling car in 2023 and now used models are available in the U.S. for under $25,000.
Despite the recent decline in new Tesla sales, the Model Y and its siblings continue to be some of the fastest-selling EVs in the used car market, according to iSeeCars data from April 2024. At the time, the study said that the average price of a used Tesla Model Y was approximately $35,000. While that may still be true, we’re now seeing dozens of Model Y Long Range listings on Edmunds around the $25,000 price bracket. A new Model Y costs between $45,000 and $52,000 as of July 2024.
In the 2023 Impact Report, Tesla said the Long Range versions of the Model Y and Model 3 were retaining 85% of battery capacity after 200,000 miles. All the listed models have far fewer miles on them. Moreover, the Model Y qualifies for the federal tax credit for new and used EVs. For used EVs, buyers can get up to $4,000 at the point of sale. The prices listed here do not include the tax credit, so the effective price could be even cheaper.
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