There aren’t many items that depreciate in value quite like a car. Indeed, there’s an old rule of thumb which holds that a car will lose nearly 10% of its value the moment you drive it off the lot. While that might be a slight exaggeration, there is a kernel of truth to that old adage.
Tesla vehicles, like any other cars, are certainly prone to depreciation, but a number of studies in recent years have found that Tesla vehicles tend to retain more relative value than similarly priced luxury cars. Late last year, for instance, an Autolist study revealed that a Model S with 50,000 miles on it will see its value go down by 27% whereas a Mercedes S Class with 50,000 miles on it will experience a 33% drop in value.
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Used Tesla Model S vehicles tend to sell faster than other used luxury sedans originally appeared on BGR.com on Tue, 23 Apr 2019 at 22:05:58 EDT. Please see our terms for use of feeds.
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