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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