Buying a Tesla M3P - Depreciation predictions

[EVOTECH3BELL]

I can't stop looking at M3Ps on Autotrader.
I've watched every video about them on YouTube
Read a tonne of long term reviews

I'm obsessed currently by the idea of my first EV being a Tesla.

I drive a van to work(not for work), a day van/camper, that we don't camp in any more and don't use as a van either.
It does 32mpg and I'm mostly driving through Wolverhampton City centre and the traffic clogged surrounding area.
Stop stsrt traffic up and down the manual gearbox.

Benefits of this (transporter) is that over 5 years its done next to little depreciation and never gone wrong.

I've also got an estate car that does 23mpg, which is fun but ultimately 1. I don't need an estate. 2. I keep spending money on modifying it.
I've got a classic mini I'm restoring which is almost finished
I've got x2 motorbikes if I want engagement for the drive/ride.

Sell van
Sell estate
Buy Tesla to commute and stuff
Ride bikes/classic mini for fun/weekend.

The tesla seems to have incredible accessable real world performance
No servicing costs
Cheap to run
Can charge from home
Commute is 9.8mi
Tesla still capable of long journeys

Misses has a mini diesel clubman for the dog car.


Can't find a reason why I wouldn't buy a 2019/2020 M3P for between 20-25k.

My only stumbling block is depreciation.

Crystal ball what is a 6-8 year old tesla with no battery/drive unit warranty going to be worth when I come to sell?
It's really the only thing holding me back at the minute.

I

[EVOTECH3BELL]

Martyn76 said:

No idea about depreciation but you've probably come across these guys on YouTube, if not have a watch, they've recently done some videos on what to look out for with used Tesla models (mostly Model 3 & Ys but relevant to X and S models too) and preventative maintenance.

https://www.youtube.com/@Jamesandkate

Il give that a watch later, missed that channel

[EVOTECH3BELL]

therams said:

you might be better off buying a facelift M3 long range AWD (the one with black window trims from about 2021 onwards)

same sort of ballpark price, £20 to £25k ish

year or two newer

build quality better on facelift model

wheels smaller so better driving experience

a bit slower, but not massively so you notice unless you are driving at maximum attack mode all the time

realistically if it costs you £5k a year in depreciation, thats no worse than many other options

True but I'm just that sort that has to have the performance model just because its the performance model.
.

A used example direct off the tesla website...
Pretended I was pcp and they have a predicted value after 48months of 13k against a 27k purchase price.
So 3.5k a year estimated in depreciation...