New Tesla Model 3 for Sale nearRed Deer, AB

How much does the Tesla Model 3 cost in today's market?

Used Tesla Model 3 prices span a wide range depending on model year. Here's what the market looks like right now:

The Tesla Model 3's current nationwide average price is $29,451 CAD, and its lowest point over the past year was $27,965 CAD. Recently, prices have come down for the 2023, 2024, and 2025 models, making now a good time to shop recent model years.

Is the Tesla Model 3 a good car?

Yes — the Tesla Model 3 is a strong used EV choice if you value quick acceleration, modern technology, and low running costs. The all-generations owner rating is 4.76/5 across every model year in the data.

Owners repeatedly praise the Model 3 for its performance, efficient electric powertrain, and high-tech cabin experience. Many also appreciate the smooth handling and minimal maintenance costs, along with the convenience of electric driving.

27.0% of listings are priced as good or great deals.

Are Tesla Model 3 models reliable?

Owners consistently praise the Tesla Model 3 for its performance, efficiency, and low-maintenance ownership experience. The model’s software-first approach and strong electric drivetrain are recurring positives across the years in the data.

• Owners rate the Tesla Model 3 between 1.0 and 5.0 out of 5 stars across all model years in the data.

For used buyers, long-term ownership risk is shaped by how carefully the specific car has been maintained and how well its software and hardware versions suit your needs.

What Tesla Model 3 do most buyers choose?

The Tesla Model 3 years with the most listings are 2022, 2021, and 2023.

These higher-volume years tend to be popular because they give you more inventory to compare, which can make it easier to find the right trim, price, and condition. They also sit in a sweet spot for shoppers who want newer EV features without moving all the way to the newest model year.

What is the Tesla Model 3's resale value?

Most model years are down year over year, and several have posted double-digit or near-double-digit declines. That creates a favourable setup for used buyers, especially if you want a recent Model 3 at a lower price than it commanded a year ago.

The 2022, 2021, and 2020 model years have held their value best, with the smallest year-over-year price changes.

Should I buy a used Tesla Model 3 now or wait for the next model?

Buy now if:

• Price trend: The 2025 model is at −8.01% versus a year ago, and the 2024 model is at −12.07%.
• Deal availability: The 2024 model has 28.9% good and great deals.
• Sweet-spot year: The 2022 model has the most listings at a current average price of $31,883 CAD.

If you're buying used today, the 2022 model year offers the best mix of value and availability. If you want the newest version, it may be worth waiting for the next model year's inventory to build up.

These recommendations are based on CarGurus' proprietary market data from October 13, 2026, CarGurus experts' opinions, and generative AI.