The Tesla Model Y is the world's best-selling EV, and here's how much it's worth

The Tesla Model Y has consistently been the highest-selling electric vehicle option in the U.S. It's a practical option that accommodates up to three seating rows and plenty of trunk space thanks to its MPV and crossover body style combination.

According to CarEdge 's intuitive depreciation calculator, you're likely to see your Model Y retain 61.39 percent of its value after five years have lapsed.

Tesla 's bumper-to-bumper and battery warranty will no longer be void, subjecting the owner to possible high-cost repairs.

The Model Y benefits from a noteworthy $ 7,500 tax credit thanks to its segment position and pricing.

The 2024 model is substantially cheaper than the 2023 and 2022 model years.

Over five years , you can expect to budget around $17,305 on insurance alone.

A used car's integrity is based on how well the original owner took care of it.

If you plan on selling your Model Y after a few years , file all relevant servicing and repair invoices.

You should also be frequently rotating, balancing, and aligning the wheels and replacing the tires.