Depreciation
The depreciation graph and accompanying table on our page detail how the 2020 TESLA MODEL Y's price has changed annually.
For instance, while the car initially depreciated slightly in its first year, subsequent years show a significant decrease, reflecting market trends and vehicle condition over time.
Such precise data is crucial for understanding how age and market dynamics impact car values.
The average price for new (MSRP) 2020 TESLA MODEL Y in 2020 was $37,980.
The average price for used 2020 TESLA MODEL Y nowadays in 2024 is $32,498 which is 86% from the original price.
Estimated mileage driven per year is 11,947 miles.
The graph below is a depreciation curve for 2020 TESLA MODEL Y. It shows how much this model looses per year in price. This analytics is calculated using sales records from BADVIN database.
The table below shows average price for used 2020 TESLA MODEL Y in each year since the year of manufacturing, current year price and projected price in the future years.
You can scroll the table horizontally to see all columns.
| Year | Average Mileage | Average Price | % Left | % Lost | ||
|---|---|---|---|---|---|---|
| 2020 MSRP | 0 mi | $37,980 | — | — | 100% | 0% |
| 2020 | 11,947 mi | $44,888 | −$6,908 | −18.19% | 118.19% | -18.19% |
| 2021 | 23,894 mi | $40,917 | +$3,971 | +8.85% | 107.73% | -7.73% |
| 2022 | 35,841 mi | $34,788 | +$6,129 | +14.98% | 91.6% | 8.4% |
| 2023 | 47,788 mi | $32,999 | +$1,789 | +5.14% | 86.89% | 13.11% |
| 2024 | 59,735 mi | $32,498 | +$501 | +1.52% | 85.57% | 14.43% |
Price vs Mileage
Our comprehensive analysis does not stop at depreciation; it also covers how mileage affects the TESLA MODEL Y’s price.
With data showing detailed price points at various mileage milestones, this section helps in identifying trends and making informed decisions.
For instance, price drops at higher mileages compared to lower mileages provides insights into potential maintenance or value thresholds.
This block is particularly useful for buyers and sellers aiming to gauge the best value proposition based on vehicle mileage.
The graph below shows how mileage affects the price for 2020 TESLA MODEL Y. This data was calculated using sales records from BADVIN database.
The table below shows average price for used 2020 TESLA MODEL Y by mileage and number of sales.
You can scroll the table horizontally to see all columns.
| Mileage | Average Price | Sample Size |
|---|---|---|
| 5,000 mi | $47,187 | 40 sales |
| 10,000 mi | $46,824 | 126 sales |
| 15,000 mi | $45,939 | 288 sales |
| 20,000 mi | $44,898 | 483 sales |
| 25,000 mi | $43,614 | 615 sales |
| 30,000 mi | $40,442 | 617 sales |
| 35,000 mi | $38,998 | 587 sales |
| 40,000 mi | $38,912 | 536 sales |
| 45,000 mi | $36,000 | 383 sales |
| 50,000 mi | $35,995 | 333 sales |
| 55,000 mi | $34,000 | 205 sales |
| 60,000 mi | $33,999 | 113 sales |
| 65,000 mi | $33,998 | 80 sales |
| 70,000 mi | $31,986 | 50 sales |
| 75,000 mi | $34,029 | 33 sales |
| 80,000 mi | $30,899 | 25 sales |
| 85,000 mi | $29,495 | 16 sales |
| 90,000 mi | $27,300 | 10 sales |
Frequently asked questions
The market value of a vehicle is calculated based on its historical depreciation trends, current condition, mileage, and market trends.
Some models may depreciate faster due to factors like lower demand, higher maintenance costs, or outdated technology compared to newer versions.
Strategies to reduce the rate of depreciation include regular maintenance, keeping mileage low, avoiding significant modifications, and keeping up with all necessary repairs.
The exterior and interior condition of vehicles significantly affects their depreciation, as well-maintained vehicles generally retain more value.
You can track the depreciation of your car by monitoring market trends, checking online valuation tools, and staying informed about new model releases.
The average depreciation rate for vehicles over five years can vary, but many models experience a significant portion of their depreciation within the first few years of ownership.
A CPO vehicle offers the reliability of a new car at a lower price, backed by a comprehensive warranty, making it a great option for those seeking value and peace of mind.
Mileage is considered a major factor in the depreciation of vehicles because it directly correlates with the amount of use and potential wear and tear the vehicle has undergone.
The best time of year to sell your car to minimize depreciation might be just before the release of a new model, when demand for used models could be higher.
Factors to consider when estimating the future resale value include the car's historical depreciation rate, current market trends, overall vehicle condition, and mileage.
Other years of TESLA MODEL Y
2021 TESLA MODEL Y
$32,999 average used price
35,100+ sales records
2022 TESLA MODEL Y
$34,788 average used price
16,600+ sales records
2023 TESLA MODEL Y
$40,917 average used price
670+ sales records
2024 TESLA MODEL Y
$44,888 average used price
80+ sales records
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2020 TESLA MODEL Y on BADVIN
