Electric cars have become a commonplace part of our daily lives, much like telephones did a decade ago. If you have repeatedly searched for “Used Tesla for sale” on Google, you are clearly not alone. Everyone is talking about Tesla: at the dinner table, on social media, and maybe at your next-door neighbor’s barbecue. So, should you spend your hard-earned cash on a brand-new Model 3 with that brand-new smell or a slightly used, more affordable Model S that is just waiting for a new home? Together, let’s peel back the layers and solve the problem – extra resources.
Value vs. Stcker Shock: The Price Tag Tango
Buying fresh is tempting. You get the pure joy of being the first behind the wheel, along with maybe improved battery life and contemporary technology. However, the cost of a new Tesla could make your eyes water, ranging from $40,000 to over $100,000, depending on the model and level of fanciness.
In contrast, used Teslas are far less expensive. Sometimes a 2021 Model 3 is available for less than $30,000. That’s a big cut for an EV that still has a lot of goodies, like heated seats, panoramic glass roofs, and autopilot. Additionally, Teslas and traditional gas-powered cars have differing depreciation policies. Older versions occasionally hold their value better than other brands because of over-the-air software updates that keep them feeling new.
Knowledge of Warranties: Being Safe
New Teslas have a factory warranty, which acts as a safety net for people who are risk averse. But don’t write off older autos just yet. Certified Pre-Owned Teslas still retain warranties, even if the batteries in private-sellers’ cars may still have up to eight years of battery life left. A Tesla battery replacement can cost over $10,000, so having some warranty coverage is crucial given the high cost of repairs.