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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 | $50,876 CAD | $46,942 CAD – $55,112 CAD |
| 2024 | $42,368 CAD | $40,064 CAD – $46,864 CAD |
| 2023 | $32,607 CAD | $31,639 CAD – $35,610 CAD |
| 2022 | $31,159 CAD | $30,028 CAD – $33,918 CAD |
| 2021 | $26,775 CAD | $25,662 CAD – $28,649 CAD |
| 2020 | $24,514 CAD | $23,407 CAD – $26,129 CAD |
| 2019 | $22,278 CAD | $21,332 CAD – $24,025 CAD |
| 2018 | $21,504 CAD | $19,593 CAD – $23,077 CAD |
The Tesla Model 3's current nationwide average price is $28,954 CAD, and its nationwide average price reached a low of $27,925 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 used electric sedan with standout performance and technology.
The all-generations owner rating is 4.8/5 across every model year in the data.
Owners repeatedly praise its quick acceleration, smooth handling, and low-maintenance ownership experience. They also value its efficiency and the high-tech cabin, along with the cost savings that come with electric driving.
29.3% 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. Expert and owner feedback also points to a car that delivers strong everyday usability with a technology-forward feel.
- Owners rate the Tesla Model 3 between 1 and 5 out of 5 stars across all model years in the data.
For used buyers, long-term ownership risk is shaped by the condition of the battery, software, charging equipment, and the specific features fitted to each car.
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 | 484 | 25.8% |
| 2021 | 452 | 30.3% |
| 2023 | 339 | 21.2% |
| 2020 | 337 | 36.2% |
| 2019 | 203 | 38.4% |
| 2024 | 151 | 19.2% |
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 often sit in the sweet spot between newer features and more accessible used pricing.
What is the Tesla Model 3's resale value?
| Model Year | Current Avg. Price | Year-Over-Year Change |
|---|---|---|
| 2024 | $42,368 CAD | −9.09% |
| 2022 | $31,159 CAD | −8.11% |
| 2023 | $32,607 CAD | −7.99% |
| 2025 | $50,876 CAD | −7.84% |
| 2019 | $22,278 CAD | −7.28% |
| 2021 | $26,775 CAD | −6.54% |
| 2018 | $21,504 CAD | −6.27% |
| 2020 | $24,514 CAD | −6.2% |
The table shows broad downward movement across every listed model year, which can work in your favour if you're shopping used. The largest drops are concentrated in the newer years, while the older years show smaller declines.
The 2020, 2018, and 2021 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 −7.84% versus a year ago, and the 2024 model is at −9.09%.
- Deal availability: The 2024 model has 19.2% good and great deals.
- Sweet-spot year: The 2022 model has the most listings at a current average price of $31,159 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.
How does the 2021 Tesla Model 3 compare to the 2021 Ford Mustang Mach-E?
| Spec | 2021 Tesla Model 3 | 2021 Ford Mustang Mach-E |
|---|---|---|
| Motor | 201 hp Electric | 266 hp Electric |
| MPG/MPGe (city) | 150 | 105 |
| MPG/MPGe (highway) | 133 | 93 |
| Battery | 50 kWh | 68 kWh |
| Charge time (240V) | 10 hours | 14.1 hours |
| Average used price | $26,775 CAD | $28,518 CAD |
| Listings available | 452 | 113 |
| Good & great deal share | 30.3% | 31.0% |
These recommendations are based on CarGurus' proprietary market data from November 4, 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.
Filter by year
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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.
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.
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
William B
Reviewed a 2026 Tesla Premium RWD on Apr 25, 2026
Car has all the features we wanted and more. Beginning with autonomous.
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 trendsTesla Model 3 Pricing Analysis
Pricing Analysis by Model Year
Key Insights
- Price by Model Year: The 2026 model year averages $47,177 CAD, indicating a premium for the latest offerings.
- Best Value Sweet Spot: The 2022 model year, priced at $30,575 CAD, presents a compelling value for budget-conscious shoppers.
- Depreciation Trend: The average price decreases significantly from $47,177 CAD in 2026 to $21,562 CAD in 2019, showcasing a clear depreciation trend.
Model Year Pricing
| Model Year | Avg Price |
|---|---|
| 2026 | $47,177 CAD |
| 2025 | $47,419 CAD |
| 2024 | $42,683 CAD |
| 2023 | $32,271 CAD |
| 2022 | $30,575 CAD |
| 2021 | $26,538 CAD |
| 2020 | $24,249 CAD |
| 2019 | $21,562 CAD |
| 2018 | $20,867 CAD |
Pricing by Popular Canadian Cities
Market Area: Nationwide
Key Insights
- Highest-Price Market: Winnipeg, MB has the highest average price at $35,963 CAD, indicating strong demand or limited supply.
- Best Value: London, ON offers the lowest average price at $23,886 CAD, making it an attractive option for budget shoppers.
- Inventory Drives Stability: Toronto, ON leads with 352 listings, suggesting a stable market with ample choices for consumers.
City-Level Pricing
| City | Total Listings | Avg Price |
|---|---|---|
| Toronto, ON | 352 | $27,794 CAD |
| Vancouver, BC | 197 | $30,865 CAD |
| Montreal, QC | 95 | $25,828 CAD |
| Calgary, AB | 23 | $29,167 CAD |
| London, ON | 15 | $23,886 CAD |
| Ottawa, ON | 12 | $25,691 CAD |
| Halifax, NS | 8 | $33,048 CAD |
| Quebec, QC | 7 | $26,070 CAD |
| Edmonton, AB | 5 | $29,840 CAD |
| Winnipeg, MB | 4 | $35,963 CAD |
Pricing by Trim Packages
Key Insights
- Volume Leader: The Performance AWD trim, with 33 listings, is the most popular choice among consumers.
- Premium Spread: The Standard RWD trim, priced at 425 hp Electric, offers a balance of performance and value, appealing to a wider audience.
- Drivetrain Effect: The availability of both AWD and RWD options allows consumers to choose based on their driving preferences and conditions.
Trim-Level Details
| Trim | Listings | Drivetrain | Engine |
|---|---|---|---|
| Performance AWD | 33 | AWD | 510 hp Electric |
| Standard RWD | 26 | RWD | 425 hp Electric |
| Premium RWD | 9 |
These recommendations are based on CarGurus' proprietary market data from November 4, 2026, CarGurus experts' opinions, and generative AI.
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