2023 Tesla Model 3
Value analysis and depreciation guide
Total Depreciation
This is typical depreciation for this class of vehicle.
Projected Future Values
2023 Tesla Model 3 Value Summary
Owners see $22,000 as the average used price for a 2023 Tesla Model 3 right now. The model started at $40,600 new. This shows a 46% total value drop. Spread over the first three years, that hits about $6,200 lost each year.
Value falls fast at first. It slows later. Tesla changes new car prices often. Those shifts make used prices move quick.
Depreciation Curve: Year by Year
| Year of ownership | Estimated value | Total loss vs MSRP | Notes |
|---|---|---|---|
| 0: New | $40,600 | 0% | MSRP for base 2023 Model 3 |
| 1 | $33,300 | 18% | Standard first-year loss |
| 2 | $28,400 | 30% | Market steadies after year one |
| 3 | $22,000 | 46% | Average market price now |
| 4 | $19,000 | 53% | One-year projection |
| 5 | $17,200 | 58% | Two-year projection |
| 6 | $15,500 | 62% | Three-year projection |
What Drives Model 3 Value Up or Down
Mileage
Buyers pick low-mile cars. They expect 12,000 miles a year. Vehicles below that sell higher.
Battery Health
Good range keeps prices up. Show a clean battery report. Normal wear holds value. Too much fast charging scares buyers.
Condition and History
Cars with clean titles sell fast and high. Accidents, scratches, or worn seats lower bids. Fix small issues. It pays off.
Software and Features
Fresh updates boost appeal. Full Self-Driving adds value if it transfers. Buyers want premium wheels and interiors too.
Color and Presentation
White, black, or gray attract most buyers. Detail the car well. Use sharp photos. They lift offers clear.
Tesla Price Changes
New price cuts drag used values down. Track Tesla news. Drops hit used market fast.
Future Value Projections
Market trends point to this path for a standard 2023 Model 3 from now:
- 1 year: $19,000. That keeps 47% of original MSRP.
- 3 years: $15,500. That holds 38% of original.
- 5 years: $11,200. That retains 28% of original.
Markets shift. Mileage, care, options, and Tesla prices change these numbers. Plan with that in mind.
How the Model 3 Compares
The Model 3 beats many EVs on value hold. It loses less than segment averages early. Strong demand and chargers help.
- EV rivals like BMW i4 or Polestar 2 drop faster. Small buyer pools and new car deals hurt them more.
- Gas sport sedans such as BMW 3 Series slow down by year three. Model 3 saves on fuel and fixes. That balances faster early loss.
- Within Tesla: Long Range versions resell strong. Extra miles per charge draw buyers. Performance models drop more dollars but pull fans.
Segment average for midsize EVs shows 50% loss by year three. Model 3 stays ahead at 46% now.
Bottom Line
A 2023 Tesla Model 3 sells for $22,000 today. It lost 46% from $40,600 new. Look for $19,000 in one year. Plan on $15,500 in three if trends stick. This EV tops many rivals but lags top gas sedans. Keep miles low. Guard battery health. Sell before Tesla cuts prices. Buyers: pick clean history and good range. That cuts your risk.
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Get Your Free AnalysisLast updated: 2/6/2026