Insane Depreciation on Tesla's New Model S: Why Used Might Be Your Best Bet
Hey everyone, DennisCW here! If you're a Tesla enthusiast like me, you've probably noticed how quickly luxury EVs can lose value. In my latest video, I dove deep into the wild world of Tesla Model S depreciation, and let me tell you—it's eye-opening. Today, I'm breaking it down in this blog post, complete with insights, comparisons, and some killer tips for protecting your ride. Let's jump in!
The Shocking Case of a Nearly New Model S
Picture this: a brand-new 2026 Tesla Model S (yep, the refreshed version with those sleek new wheels) with just 1,000 miles on the odometer, listed for $88,995 in West Palm Beach. That's a steep drop from its original price tag of around $95,000. Add in taxes and fees, and the original buyer was likely out over $105,000. But here's the kicker—dealers aren't paying full asking price when they take it in. This owner probably walked away with something like $80,000, meaning a loss of $20,000 to $25,000 right off the bat.
Why would someone bail so quickly? Maybe they just didn't vibe with it, but it's crazy to think about. This isn't some old clunker; it's one of the freshest refreshes out there. Yet, this level of depreciation is par for the course in the luxury vehicle segment.
How Does This Compare to Other Luxury Cars?
Don't get me wrong—this isn't unique to Tesla. High-end rides like the BMW i7 or Mercedes S-Class often shed 50% of their value within 2-3 years. Even in the 40,000 to 50,000-mile range, they keep depreciating. Sure, everyday cars like the Honda Accord or Toyota Camry hold value better due to high demand, but Teslas are catching up.
According to a handy guide from CarGurus, Tesla models have actually seen year-over-year value increases, thanks to rushes on the $7,500 federal tax credit and used EV incentives. Demand is booming, which is great news for the market. But it got me wondering: what's the cheapest refreshed Model S out there right now?
Hunting for Deals: Used Model S vs. New Model 3
Back in 2022, Tesla rolled out a major refresh for the Model S, and at one point, you could snag one for about the price of a new Model 3. Fast-forward to today, and that still holds true for smart shoppers. I found a 2022 Model S with 55,000 miles from a reputable dealer going for just $36,000. Not bad at all!
If I were in the market, I'd seriously consider a used Model S over a brand-new Model 3. The performance, luxury, and features are on another level. Of course, always check for a solid warranty and get a thorough inspection to avoid any headaches.
What do you think? Would you go for a depreciated gem like this, or stick with something new? Drop your thoughts in the comments below—I'd love to hear from you!
Protect Your Investment: Must-Have Tesla Accessories
One thing's for sure: if you're buying a Tesla (new or used), you need to protect it. That's where our friends at Tesbros come in. They've got an awesome DIY paint protection film kit that lets you install it yourself and save thousands compared to a shop. Everything you need is included, from full frontal bumper coverage to a complete car wrap or even a color change. Use my link for an extra 15% off—check it out below!
Shop Tesbros DIY Kits
(Affiliate link—supports the channel!)
And let's talk accessories because your Tesla comes with... well, nothing. No phone mount, no organizers—nada. I've got you covered with recommendations from our partner, Joa. Must-haves include:
- A sturdy phone mount to keep your device secure during those epic accelerations.
- A center console organizer to prevent losing your keys or snacks in the abyss.
- My new favorite: an invisible underscreen storage mount—perfect for sunglasses.
Joa's gear is top-notch (I use it all myself), and they go beyond basics with a wireless game controller, portable air compressor for road trips, and even an electric scooter for those charger pit stops. Use my promo code for savings, and get free shipping on orders over $120!
Explore Joa Accessories
(Affiliate link—thanks for supporting!)
Wrapping It Up
Tesla Model S depreciation might seem insane, but it's a golden opportunity for savvy buyers. Whether you're eyeing a used refresh or protecting your new ride, there's never been a better time to dive into the EV world. Thanks to Tesbros and Joa for partnering with the channel—your support keeps the content coming.
What are your experiences with vehicle depreciation? Share below, and don't forget to subscribe for more Tesla tips and reviews. Until next time, drive safe!
-DennisCW
