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

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

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

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

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

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

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

 making those presently on the market more desirable.

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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