Connect with us

Hi, what are you looking for?

CleanTechnica

Cars

Tesla Model S Depreciation Better Than Any Other Car In UK

Originally published on EV Obsession.

Out of all the cars on the market currently (electric, gas, diesel, or otherwise), Teslas retain more of their value over time than any others in the UK, according to the CAP Black Book. This is in spite of the fact that Tesla’s offerings are quite expensive — thereby flying in the face of broader tendencies for expensive cars to depreciate faster.

The CAP Black Book also describes the Tesla Model S as “the green motoring choice for the serious car buyer with a decent budget and a passion for investing in the latest electric vehicle technology.”

Clearly, it’s not just for EV fanatics — it’s for anyone who loves a nice car! The Model S is widely considered the best mass-produced car on the planet.

Tesla_Model_S_Black_Wide

“The Tesla is still, relatively, rare in the UK and most are bought new by passionate enthusiasts or business fleet buyers,” stated Jeff Knight at CAP. “This means that second-hand examples tend to be fitted with between £10,000–20,000 worth of optional equipment. This helps the Tesla hold its value on the used car market. At Black Book, we have held Tesla values static for a year now, which is highly unusual.”

Knight continued: “Many Tesla owners alter their lifestyle to fit the charging regime, because they are that passionate about the benefits of their vehicle. In the US, it’s not unusual for owners to call at the supercharger on the way home and sit in the car, using the free Wi-Fi to send emails as the car charges. People, clearly, love this vehicle, which means it holds its value. For anyone looking to buy an executive car with green credentials, but can handle the charging regime, a Tesla is one of the smartest investments in today’s market.”

I have to wonder, though, if this reality will change somewhat over the coming years as more and more Model Ss are sold. Furthermore, will it continue now that Autopilot is out? Maybe?

 
Appreciate CleanTechnica’s originality and cleantech news coverage? Consider becoming a CleanTechnica Member, Supporter, Technician, or Ambassador — or a patron on Patreon.
 

Don't want to miss a cleantech story? Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News!
 

Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast? Contact us here.
Advertisement
 
Written By

James Ayre's background is predominantly in geopolitics and history, but he has an obsessive interest in pretty much everything. After an early life spent in the Imperial Free City of Dortmund, James followed the river Ruhr to Cofbuokheim, where he attended the University of Astnide. And where he also briefly considered entering the coal mining business. He currently writes for a living, on a broad variety of subjects, ranging from science, to politics, to military history, to renewable energy.

Comments

You May Also Like

Clean Transport

The Tesla used car market is especially hot, with new car delivery dates extending farther and farther out as demand increases. To many potential...

Cars

By Roger Bauche, as told to David Waterworth

Cars

Germany, Europe’s largest auto market, saw plugin electric vehicles take 25.5% share in July. This up from 22.6% year on year. Overall auto market...

Autonomous Vehicles

Using the terms Autopilot and Full Self Driving is deceptive, the California DMV alleges in a new administrative filing.

Copyright © 2021 CleanTechnica. The content produced by this site is for entertainment purposes only. Opinions and comments published on this site may not be sanctioned by and do not necessarily represent the views of CleanTechnica, its owners, sponsors, affiliates, or subsidiaries.