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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:
| Model Year | Current Avg. Price | Year-Round Range |
|---|---|---|
| 2025 | $50,629 CAD | $46,942 CAD – $55,065 CAD |
| 2024 | $41,322 CAD | $40,034 CAD – $47,172 CAD |
| 2023 | $33,112 CAD | $31,662 CAD – $35,641 CAD |
| 2022 | $31,452 CAD | $30,028 CAD – $34,014 CAD |
| 2021 | $26,990 CAD | $25,676 CAD – $29,000 CAD |
| 2020 | $24,350 CAD | $23,407 CAD – $26,146 CAD |
| 2019 | $22,426 CAD | $21,332 CAD – $24,256 CAD |
| 2018 | $21,217 CAD | $19,599 CAD – $23,101 CAD |
The Tesla Model 3's current nationwide average price is $29,224 CAD, and its nationwide average price reached a low of $27,935 CAD over the past year. 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 choice if you want a compact electric sedan with standout performance and a high-tech ownership experience. The all-generations owner rating is 4.76/5 across every model year in the data.
Owners consistently praise the Model 3 for its quick acceleration, smooth handling, efficient electric powertrain, and low maintenance costs. Many also value the minimalist cabin, advanced technology, and the convenience of software updates that keep the car feeling current.
27.4% of listings are priced as good or great deals.
Are Tesla Model 3 models reliable?
Owners consistently praise the Tesla Model 3 for its strong performance, efficient electric powertrain, and low maintenance needs. The model also earns positive feedback for its modern technology and smooth driving experience, which help make it feel well suited to everyday use.
- 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 the specific car you choose, so it pays to review the exact model year, equipment, and battery or software setup before you buy.
What Tesla Model 3 do most buyers choose?
The Tesla Model 3 years with the most listings are 2022, 2021, and 2023.
| Model Year | Total Listings | Good + Great Deals % |
|---|---|---|
| 2022 | 493 | 27% |
| 2021 | 453 | 29.8% |
| 2023 | 350 | 25.4% |
| 2020 | 330 | 29.7% |
| 2019 | 189 | 27% |
| 2024 | 161 | 18% |
These higher-volume years tend to be popular because they give you more choice at a range of price points, which makes it easier to compare equipment, mileage, and condition. They also sit in the part of the lineup where many shoppers can balance newer features with more accessible used pricing.
What is the Tesla Model 3's resale value?
| Model Year | Current Avg. Price | Year-Over-Year Change |
|---|---|---|
| 2024 | $41,322 CAD | −12.4% |
| 2025 | $50,629 CAD | −8.1% |
| 2019 | $22,426 CAD | −7.54% |
| 2022 | $31,452 CAD | −7.53% |
| 2018 | $21,217 CAD | −7.11% |
| 2023 | $33,112 CAD | −7.1% |
| 2021 | $26,990 CAD | −6.93% |
| 2020 | $24,350 CAD | −6.87% |
The table shows broad downward movement across every model year listed, which can work in your favour if you're shopping used. The largest drops are in the newer model years, while the rest of the lineup also shows steady declines. That creates more room for value-focused buyers to find a well-priced example.
The 2020, 2021, and 2023 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 −8.1% versus a year ago, and the 2024 model is at −12.4%.
- Deal availability: The 2024 model has 18% good and great deals.
- Sweet-spot year: The 2022 model has the most listings at a current average price of $31,452 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 20, 2026, CarGurus experts' opinions, and generative AI.
4.8 Overall rating
Customers say
The Tesla Model 3 has earned high praise from owners across all model years for its impressive performance, innovative technology, and minimal maintenance costs. Many drivers appreciate its thrilling acceleration, smooth handling, and efficiency, particularly enjoying benefits like fuel savings and a high-tech interior. However, some common concerns include cargo space limitations, the need for charging, and occasional discomfort in extreme weather conditions. Overall, the Tesla Model 3 stands out as a strong contender in the electric sedan market, noted for its blend of luxury and performance.
AI generated from the text of customer reviews.
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What people say
Claude B
Reviewed a 2024 Tesla Performance AWD on Jul 10, 2025
I found the car's features to be quite impressive and innovative. In terms of value, I believe it offers a good balance between its features and price point.
Is this review helpful?
Nicholas S
Reviewed a 2024 Tesla Model 3 on Aug 3, 2025
This is the best car I’ve ever owned. Power is amazing, drive is smooth. Charging give you a quick 20min break to relax. Totally recommend.
Is this review helpful?
Clint W
Reviewed a 2024 Tesla Model 3 on Apr 6, 2025
I wanted to give it 5 stars, but they took a lot of features out that I really appreciated… For example, in my 2018 model 3 I had premium Wi-Fi that was included as well as Home link… now you have to pay a subscription for these and they took out enhanced auto pilot… Now you have to pay for these features as well. I do, however, appreciate a lot of the upgrades, such as the cool seating, the automatic trunk close, the rear seat screen for passengers, and The upgraded windows that cancel outside noise much better
Is this review helpful?
William B
Reviewed a 2026 Tesla Premium RWD on Apr 25, 2026
Car has all the features we wanted and more. Beginning with autonomous.
Is this review helpful?
Tesla Model 3 Trims
| Trim type | MSRP |
|---|---|
| 2026 Performance AWD | $54,990 |
| 2026 Premium RWD | $42,490 |
| 2026 Standard RWD | $36,990 |
| 2026 Premium AWD | $47,490 |
Tesla Model 3 Price Trends
CarGurus tracks the prices of millions of car listings every year. See how the average price of prices has changed over time.
See more price trends2026 Tesla Model 3 Starting MSRP
$36,990
32.8%
New Tesla Model 3
AVG Used Tesla Model 3 Price
$30,637
0.8%
2022 - 2026 model years
Tesla Model 3 Pricing Analysis
Pricing Analysis by Model Year
Key Insights
- New-Car Premium: The 2026 model year shows a 20.7% increase over its starting MSRP, indicating strong demand for new models.
- Steepest Depreciation: The 2017 model year has experienced the steepest depreciation at -52.0%, highlighting significant value loss over time.
- Years Priced Above Starting MSRP: Only the 2026 model year is priced above its starting MSRP, suggesting limited new inventory.
Model Year Pricing
| Model Year | Starting MSRP | Avg Price | Avg Price vs Starting MSRP |
|---|---|---|---|
| 2026 | $36,990 CAD | $44,657 CAD | +20.7% |
| 2025 | $42,490 CAD | $38,719 CAD | -8.9% |
| 2024 | $38,990 CAD | $37,482 CAD | -3.9% |
| 2023 | $40,240 CAD | $28,357 CAD | -29.5% |
| 2022 | $46,990 CAD | $26,481 CAD | -43.6% |
| 2021 | $37,990 CAD | $23,981 CAD | -36.9% |
| 2020 | $35,000 CAD | $22,498 CAD | -35.7% |
| 2019 | $36,500 CAD | $20,735 CAD | -43.2% |
| 2018 | $35,000 CAD | $20,030 CAD | -42.8% |
| 2017 | $35,000 CAD | $16,787 CAD | -52.0% |
Pricing by Popular Canadian Cities
Market Area: Nationwide
Key Insights
- Highest-Price Market: Winnipeg, MB has the highest average price at $31,700 CAD, indicating a premium market for the Model 3.
- Best Value: London, ON offers the lowest average price at $25,319 CAD, presenting a more affordable option for shoppers.
- Inventory Drives Stability: Toronto, ON leads with 323 total listings, suggesting a stable supply that may help moderate price fluctuations.
City-Level Pricing
| City | Total Listings | Avg Price |
|---|---|---|
| Toronto, ON | 323 | $27,800 CAD |
| Vancouver, BC | 198 | $30,299 CAD |
| Montreal, QC | 141 | $26,592 CAD |
| Ottawa, ON | 137 | $28,238 CAD |
| London, ON | 115 | $25,319 CAD |
| Quebec, QC | 58 | $27,796 CAD |
| Calgary, AB | 37 | $30,630 CAD |
| Winnipeg, MB | 31 | $31,700 CAD |
| Halifax, NS | 30 | $28,213 CAD |
| Edmonton, AB | 18 | $28,702 CAD |
Pricing by Trim Packages
Key Insights
- Volume Leader: The Standard RWD trim has 23 listings, indicating it is the most popular choice among consumers.
- Premium Spread: The Performance AWD trim is priced at $54,990 CAD, showcasing a significant premium over the base trim.
- Drivetrain Effect: The AWD drivetrain in the Performance AWD trim offers a higher horsepower of 510 hp, appealing to performance-oriented buyers.
Trim-Level Details
| Trim | Listings | MSRP | Drivetrain | Engine |
|---|---|---|---|---|
| Performance AWD | 30 | $54,990 CAD | AWD | 510 hp Electric |
| Standard RWD | 23 | $36,990 CAD | RWD | 425 hp Electric |
| Premium RWD | 4 | $42,490 CAD |
These recommendations are based on CarGurus' proprietary market data from October 20, 2026, CarGurus experts' opinions, and generative AI.
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