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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 | $49,164 CAD | $46,787 CAD – $55,423 CAD |
| 2024 | $40,282 CAD | $40,074 CAD – $47,736 CAD |
| 2023 | $32,669 CAD | $31,671 CAD – $36,038 CAD |
| 2022 | $32,145 CAD | $30,028 CAD – $34,562 CAD |
| 2021 | $27,368 CAD | $25,675 CAD – $29,247 CAD |
| 2020 | $24,511 CAD | $23,412 CAD – $27,209 CAD |
| 2019 | $21,867 CAD | $21,326 CAD – $24,553 CAD |
| 2018 | $20,989 CAD | $19,592 CAD – $23,507 CAD |
The Tesla Model 3's current nationwide average price is $29,352 CAD, and its lowest point over the past year was $27,949 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 want 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 its performance, innovative technology, and efficiency, and many also appreciate the premium-feeling interior and minimal maintenance needs. The Model 3 also stands out for its smooth handling and high-tech cabin experience.
28.6% 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, advanced technology, and low maintenance needs. Expert and owner feedback also points to a smooth driving experience and efficient day-to-day use, which helps make it appealing for long-term ownership.
- 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 car’s software-heavy design and the need to plan around charging as part of everyday use.
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 | 470 | 24.7% |
| 2021 | 444 | 27% |
| 2023 | 333 | 22.5% |
| 2020 | 331 | 32.9% |
| 2019 | 195 | 34.9% |
| 2024 | 152 | 24.3% |
These years tend to draw the most attention because they combine broad availability with pricing that still sits below newer examples. That gives you more choice across trims and price points while keeping the Model 3’s core appeal intact.
What is the Tesla Model 3's resale value?
| Model Year | Current Avg. Price | Year-Over-Year Change |
|---|---|---|
| 2024 | $40,282 CAD | −15.8% |
| 2025 | $49,164 CAD | −11.57% |
| 2018 | $20,989 CAD | −10.81% |
| 2019 | $21,867 CAD | −10.78% |
| 2020 | $24,511 CAD | −9.92% |
| 2023 | $32,669 CAD | −9.31% |
| 2022 | $32,145 CAD | −6.99% |
| 2021 | $27,368 CAD | −6.19% |
The table shows broad downward movement across every model year listed, which can work in your favour if you are shopping used. Several years have seen double-digit drops, while the smaller declines still point to softer pricing across the lineup. That creates opportunities for buyers who want a recent Model 3 without paying close to original-market pricing.
The 2021, 2022, 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 −11.57% versus a year ago, and the 2024 model is at −15.8%.
- Deal availability: The 2024 model has 24.3% good and great deals.
- Sweet-spot year: The 2022 model has the most listings at a current average price of $32,145 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 September 29, 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.
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
- New-Car Premium: The 2026 model year is priced at an average of $43,848 CAD, reflecting a premium of 18.5% over its starting MSRP.
- Steepest Depreciation: The 2017 model year has experienced the steepest depreciation at -48.0%, indicating significant value loss over time.
- Years Priced Above Starting MSRP: Only the 2026 model year is currently priced above its starting MSRP, suggesting limited new inventory availability.
Model Year Pricing
| Model Year | Starting MSRP | Avg Price | Avg Price vs Starting MSRP |
|---|---|---|---|
| 2026 | $36,990 CAD | $43,848 CAD | +18.5% |
| 2025 | $42,490 CAD | $37,889 CAD | -10.8% |
| 2024 | $38,990 CAD | $36,114 CAD | -7.4% |
| 2023 | $40,240 CAD | $27,812 CAD | -30.9% |
| 2022 | $46,990 CAD | $26,475 CAD | -43.7% |
| 2021 | $37,990 CAD | $23,940 CAD | -37.0% |
| 2020 | $35,000 CAD | $22,594 CAD | -35.4% |
| 2019 | $36,500 CAD | $20,655 CAD | -43.4% |
| 2018 | $35,000 CAD | $19,726 CAD | -43.6% |
| 2017 | $35,000 CAD | $18,186 CAD | -48.0% |
Pricing by Popular Canadian Cities
Market Area: Nationwide
Key Insights
- Highest-Price Market: Ottawa, ON has the highest average price at $32,863 CAD, indicating strong demand in that region.
- Best Value: London, ON offers the lowest average price at $24,130 CAD, presenting a more affordable option for shoppers.
- Inventory Drives Stability: Toronto, ON leads with 331 listings, suggesting a robust market presence that may stabilise prices.
City-Level Pricing
| City | Total Listings | Avg Price |
|---|---|---|
| Toronto, ON | 331 | $28,023 CAD |
| Vancouver, BC | 216 | $31,412 CAD |
| Ottawa, ON | 148 | $32,863 CAD |
| London, ON | 144 | $24,130 CAD |
| Montreal, QC | 112 | $27,096 CAD |
| Quebec, QC | 50 | $28,093 CAD |
| Calgary, AB | 35 | $31,210 CAD |
| Winnipeg, MB | 33 | $32,081 CAD |
| Halifax, NS | 31 | $25,559 CAD |
| Edmonton, AB | 22 | $30,116 CAD |
Pricing by Trim Packages
Key Insights
- Volume Leader: The Performance AWD trim leads with 31 listings, indicating strong consumer interest in this variant.
- Premium Spread: The price range between the Standard RWD at $36,990 CAD and the Performance AWD at $54,990 CAD highlights a $18,000 CAD premium for enhanced features.
- Drivetrain Effect: The AWD trims generally command higher prices, reflecting consumer preference for all-wheel drive capabilities.
Trim-Level Details
| Trim | Listings | MSRP | Drivetrain | Engine |
|---|---|---|---|---|
| Performance AWD | 31 | $54,990 CAD | AWD | 510 hp Electric |
| Standard RWD | 24 | $36,990 CAD | RWD | 425 hp Electric |
| Premium RWD | 3 | $42,490 CAD | ||
| Premium AWD | 1 | $47,490 CAD | AWD | 425 hp Electric |
These recommendations are based on CarGurus' proprietary market data from September 25, 2026, CarGurus experts' opinions, and generative AI.
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