Report: The Tesla Model S Depreciates Only 28% Over The First 50,000 Miles
Autolist reports an unprecedented high residual value for the Tesla Model S, based on data on used car sales from January 1, 2012 to August 31, 2016.
Tesla residuals are not only the highest among other plug-ins, but is highest for all cars in its class, regardless of the powertrain.
Estimated depreciation rate for Model S versus mileage stands at:
- 6% after 10,000 miles
- 12% after 20,000 miles
- 18% after 30,000 miles
- 23% after 40,000 miles
- 28% after 50,000 miles
- 32% after 60,000 miles
- 37% after 70,000 miles
- 41% after 80,000 miles
- 44% after 90,000 miles
- 48% after 100,000 miles
Selling 50,000 miles Model S for 72% of the MSRP sounds impressive, especially compared to about 60% for other models from the class.
The Nissan LEAF and BMW i3 at 50k rated at about -59% depreciation, which means a residual value of 41%, while Chevrolet Volt still holds ~55%, but still behind the industry average.