We've been saying for years now that Tesla's vehicles have a high resale value. It hasn't been uncommon over the years to see pre-owned Tesla vehicles on the used market that cost about as much as, if not more than, a new model.

That said, the situation has amplified of late, and now it seems people are making a significant amount of money selling models that they've owned for years. Not only are older models selling for higher prices than new models (even as Tesla continues to raise its new car prices), but also, according to Electrek, some folks could be making $6000 to $10000 on a car they've owned and used for years.

At this point, it's likely we all know a typical car has never been a good investment opportunity, at least in most "normal" cases. Cars lost plenty of value as soon as you drive them off the lot. However, with the shortage of new cars, the used market has been booming, and prices are high.

People have taken to selling their newer cars on the pre-owned market for a premium over what they paid new. So, to be clear, this is not just related to Tesla, though it seems the electric automaker's vehicles are selling at an even higher premium on the used market than many other cars.

This is likely due in part to Tesla's growing popularity, along with the popularity of E.V.s in general. Moreover, the demand for Tesla's vehicles is so high that you can't get a new one for many months after placing an order.

To get a grasp of used prices on Tesla's models, all you have to do is visit any major online used car sales website. However, Electrek looked specifically at Tesla's own used car sales to see where prices are headed. The publication points out that the US automaker handles much of its used inventory, and unlike other used car websites, Tesla's prices are non-negotiable.

Source: Re-posted and Summarized from Steven Loveday at insideevs.

My Take: This is a crazy time where the used car prices are so crazy high. I don't think it will last, especially for the ICE vehicles.

Re Posted From: Used Tesla Prices Skyrocket

Auto Helpers

We've been saying for years now that Tesla's vehicles have a high resale value. It hasn't been uncommon over the years to see pre-owned Tesla vehicles on the used market that cost about as much as, if not more than, a new model.

That said, the situation has amplified of late, and now it seems people are making a significant amount of money selling models that they've owned for years. Not only are older models selling for higher prices than new models (even as Tesla continues to raise its new car prices), but also, according to Electrek, some folks could be making $6000 to $10000 on a car they've owned and used for years.

At this point, it's likely we all know a typical car has never been a good investment opportunity, at least in most "normal" cases. Cars lost plenty of value as soon as you drive them off the lot. However, with the shortage of new cars, the used market has been booming, and prices are high.

People have taken to selling their newer cars on the pre-owned market for a premium over what they paid new. So, to be clear, this is not just related to Tesla, though it seems the electric automaker's vehicles are selling at an even higher premium on the used market than many other cars.

This is likely due in part to Tesla's growing popularity, along with the popularity of E.V.s in general. Moreover, the demand for Tesla's vehicles is so high that you can't get a new one for many months after placing an order.

To get a grasp of used prices on Tesla's models, all you have to do is visit any major online used car sales website. However, Electrek looked specifically at Tesla's own used car sales to see where prices are headed. The publication points out that the US automaker handles much of its used inventory, and unlike other used car websites, Tesla's prices are non-negotiable.

Source: Re-posted and Summarized from Steven Loveday at insideevs.

My Take: This is a crazy time where the used car prices are so crazy high. I don't think it will last, especially for the ICE vehicles.

Re Posted From: Used Tesla Prices Skyrocket

Auto Helpers