A used Tesla retains more value than rival luxury cars from the likes of Mercedes and Porsche

%name A used Tesla retains more value than rival luxury cars from the likes of Mercedes and Porsche by Authcom, Nova Scotia\s Internet and Computing Solutions Provider in Kentville, Annapolis Valley

There’s an old but still pertinent adage which says that a car goes down in value the second you drive it off the lot. Indeed, nothing depreciates in value quite like a brand new car. Some estimates and studies have even found that the value of a car can go down by as much as 10% after just one month of ownership.

Tesla of course isn’t immune from this type of depreciation, but a new study from Autolist reveals that Tesla vehicles tend to hold onto more of their value than comparable vehicles from other manufacturers. Specifically, Autolist found that a Model S with 50,000 miles on it saw its value go down by 27%. In contrast, a Mercedes S Class with similar mileage typically loses upwards of 33% of its value on the resale market.

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A used Tesla retains more value than rival luxury cars from the likes of Mercedes and Porsche originally appeared on BGR.com on Thu, 13 Dec 2018 at 10:58:43 EDT. Please see our terms for use of feeds.

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