Why Do Used Tesla Model 3 Prices Cost More Than New Prices?

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Prices for the Tesla Model 3, one of the most popular electric vehicles available,

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are typically more on the used market than they are for brand-new vehicles.

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One can ask, "What's going on?" Supply and demand may provide a rationale: Due to their limited manufacturing volume,

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used Teslas are harder to find when compared to other brands and models. Due to the great customer demand for Teslas,

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old cars that are put up for sale typically sell quickly and without any consideration for pricing.

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Many people who purchase brand-new Teslas also do so with the hope that their resale value would increase over time,

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making those presently on the market more desirable.

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The bottom line is that if you're interested in buying a Tesla Model 3, don't expect to save money on a used one — you could even have to spend more.

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