Man shocked by loss in value of a Tesla purchased in 2022 for $62,000

by Marcelo Moreira

Man shocked by loss in value of Tesla bought for $62,000 in 2022 (Photo: I’M ZION/Unsplash)

A man who will have one in 2022 Tesla Model Y for $62,990, was completely stunned when he found out how much the car is worth today.

The owner of the electric Teslavehicle, who lives in the UK, decided to use it WeBuyAnyCar to be brought for evaluation. There he discovered that he had lost about $22,000 to $27,000 in value in just three years.

“That’s about $650 to $750 a month in lost value alone, with no insurance, no charging, no maintenance – nothing. Pure evaporation of value,” he complained.

In addition, current prices make it difficult for newer and more technologically advanced ones Tesla’s also the sale of used vehicles. “Why should someone pay $40,000 for my 2022 model with 65,000 km when they can buy a brand new 2025 model for $44,000?” he argued.

A spokesman previously stated WeBuyAnyCarWhy Tesla-Cars lose so much value. “As soon as a car leaves the dealership, it begins to lose value. Typically up to 35% in the first year for gasoline or diesel vehicles,” he said.

“This loss in value is even greater for electric vehicles as they depreciate more quickly and tend to have higher prices. Therefore, a greater loss in value through depreciation is expected. In some cases up to 50%.”

Tesla’s are currently depreciating faster than most other models, and other market conditions also affect resale value,” he added, citing age, mileage, service history, vehicle condition and even the number of previous owners as possible factors in depreciation.

“Depreciation can come as a shock to some car owners, so it’s important to always know what to expect with this purchase,” concluded the spokesman for WeBuyAnyCar.

Photo: Unsplash. This content was created using AI and reviewed by the editorial team.

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