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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 | $50,428 CAD | $46,799 CAD – $55,091 CAD |
| 2024 | $40,821 CAD | $40,050 CAD – $47,300 CAD |
| 2023 | $33,040 CAD | $31,665 CAD – $35,785 CAD |
| 2022 | $32,054 CAD | $30,025 CAD – $34,411 CAD |
| 2021 | $27,104 CAD | $25,673 CAD – $29,297 CAD |
| 2020 | $24,231 CAD | $23,421 CAD – $26,977 CAD |
| 2019 | $21,994 CAD | $21,325 CAD – $24,564 CAD |
| 2018 | $21,274 CAD | $19,587 CAD – $23,081 CAD |
The Tesla Model 3's current nationwide average price is $29,152 CAD, and its lowest point over the past year was $27,974 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-car choice if you want a compact electric sedan with standout performance and a high-tech feel. The all-generations owner rating is 4.76/5 across every model year in the data.
Owners repeatedly praise the Model 3 for its quick acceleration, smooth handling, efficient electric powertrain, and low maintenance costs. Many also value the minimalist cabin and software-first experience, including frequent over-the-air updates and the modern interior design.
27.1% 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 the car’s modern technology and smooth driving character as major strengths.
- 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 mainly by the specific car you choose, especially software and hardware revisions, so checking the exact vehicle’s equipment and condition matters.
What Tesla Model 3 do most buyers choose?
The Tesla Model 3 years with the most listings are 2022, 2021, and 2020.
| Model Year | Total Listings | Good + Great Deals % |
|---|---|---|
| 2022 | 461 | 23.6% |
| 2021 | 438 | 24.4% |
| 2020 | 331 | 30.5% |
| 2023 | 319 | 22.9% |
| 2019 | 193 | 31.6% |
| 2024 | 143 | 29.4% |
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 combination of price, features, and condition. They also often sit in a sweet spot where newer tech and broader availability overlap.
What is the Tesla Model 3's resale value?
| Model Year | Current Avg. Price | Year-Over-Year Change |
|---|---|---|
| 2024 | $40,821 CAD | −13.54% |
| 2019 | $21,994 CAD | −10.46% |
| 2020 | $24,231 CAD | −10.18% |
| 2025 | $50,428 CAD | −7.88% |
| 2023 | $33,040 CAD | −7.67% |
| 2018 | $21,274 CAD | −7.66% |
| 2021 | $27,104 CAD | −7.48% |
| 2022 | $32,054 CAD | −6.85% |
The table shows broad downward movement across every listed model year, which is good news if you are shopping used. Several years have double-digit drops, and the rest are still moving lower at a noticeable pace.
The smallest changes are clustered in the later part of the lineup, while the largest declines appear in some of the newer and older examples. That creates more room for value-focused buyers to find attractive pricing across multiple model years.
The 2022, 2021, and 2018 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 −7.88% versus a year ago, and the 2024 model is at −13.54%.
- Deal availability: The 2024 model has 29.4% good and great deals.
- Sweet-spot year: The 2022 model has the most listings at a current average price of $32,054 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 6, 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
- New-Car Premium: The 2026 model year is priced at an average of $44,633 CAD, reflecting a 20.7% premium over its starting MSRP.
- Steepest Depreciation: The 2017 model year has experienced the steepest depreciation at -51.0%, indicating significant value loss over time.
- Years Priced Above Starting MSRP: Only the 2026 model year is currently priced above its starting MSRP, suggesting a strong demand for newer models.
Model Year Pricing
| Model Year | Starting MSRP | Avg Price | Avg Price vs Starting MSRP |
|---|---|---|---|
| 2026 | $36,990 CAD | $44,633 CAD | +20.7% |
| 2025 | $42,490 CAD | $38,576 CAD | -9.2% |
| 2024 | $38,990 CAD | $36,718 CAD | -5.8% |
| 2023 | $40,240 CAD | $27,993 CAD | -30.4% |
| 2022 | $46,990 CAD | $26,372 CAD | -43.9% |
| 2021 | $37,990 CAD | $23,863 CAD | -37.2% |
| 2020 | $35,000 CAD | $22,563 CAD | -35.5% |
| 2019 | $36,500 CAD | $20,650 CAD | -43.4% |
| 2018 | $35,000 CAD | $19,921 CAD | -43.1% |
| 2017 | $35,000 CAD | $17,147 CAD | -51.0% |
Pricing by Popular Canadian Cities
Market Area: Nationwide
Key Insights
- Highest-Price Market: Calgary, AB has the highest average price at $32,977 CAD, indicating a premium market for the Model 3.
- Best Value: London, ON offers the lowest average price at $25,971 CAD, presenting a more affordable option for shoppers.
- Inventory Drives Stability: Toronto, ON leads with 322 total listings, suggesting a robust market presence that may stabilise prices.
City-Level Pricing
| City | Total Listings | Avg Price |
|---|---|---|
| Toronto, ON | 322 | $27,730 CAD |
| Vancouver, BC | 195 | $31,436 CAD |
| Ottawa, ON | 142 | $29,042 CAD |
| London, ON | 127 | $25,971 CAD |
| Montreal, QC | 118 | $26,443 CAD |
| Quebec, QC | 50 | $29,352 CAD |
| Calgary, AB | 37 | $32,977 CAD |
| Winnipeg, MB | 33 | $32,512 CAD |
| Halifax, NS | 24 | $29,525 CAD |
| Edmonton, AB | 19 | $27,149 CAD |
Pricing by Trim Packages
Key Insights
- Volume Leader: The Performance AWD trim leads with 32 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 shows a $18,000 CAD spread, highlighting the premium for performance features.
- Drivetrain Effect: The AWD trims generally command higher prices, reflecting consumer preference for enhanced traction and performance.
Trim-Level Details
| Trim | Listings | MSRP | Drivetrain | Engine |
|---|---|---|---|---|
| Performance AWD | 32 | $54,990 CAD | AWD | 510 hp Electric |
| Standard RWD | 23 | $36,990 CAD | RWD | 425 hp Electric |
| Premium RWD | 6 | $42,490 CAD | ||
| Premium AWD | 1 | $47,490 CAD | AWD | 425 hp Electric |
These recommendations are based on CarGurus' proprietary market data from October 6, 2026, CarGurus experts' opinions, and generative AI.
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