Now is a great time to buy a used Tesla
In July, the average used Model 3, S, X, or Y would have cost you $67,297. But by November, prices slid 17% to $55,754.after years of short supply, but not as sharply, dropping 4% over the same period, according to Edmunds data.
Teslas are also sitting on used-car lots for longer than other brands' vehicles: 50 days as opposed to 38 days, Edmunds said. Declining gas prices, competition from other brands, and high interest rates are all contributing to the dropping prices, Reuters reported. Used Teslas losing value could impact demand for the brand's new cars, Karl Brauer, executive editor at the car search engine iSeeCars.com told Reuters. People who bought new Teslas over the last couple of years could often flip them for a profit, Brauer said, but that's not possible anymore.
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