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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 | $50,548 CAD | $46,944 CAD – $54,992 CAD |
| 2024 | $41,252 CAD | $40,024 CAD – $47,157 CAD |
| 2023 | $33,000 CAD | $31,659 CAD – $35,601 CAD |
| 2022 | $31,315 CAD | $30,026 CAD – $33,997 CAD |
| 2021 | $26,949 CAD | $25,661 CAD – $28,970 CAD |
| 2020 | $24,250 CAD | $23,412 CAD – $26,102 CAD |
| 2019 | $22,455 CAD | $21,325 CAD – $24,134 CAD |
| 2018 | $21,182 CAD | $19,590 CAD – $23,092 CAD |
The Tesla Model 3's current nationwide average price is $29,124 CAD, and its nationwide average price reached a low of $27,965 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 used EV choice for shoppers who want quick acceleration, modern technology, and low running costs. The all-generations owner rating is 4.8/5 across every model year in the data.
Owners repeatedly praise the Model 3 for its performance, innovative tech, and efficiency, along with the smooth driving feel and minimal maintenance costs. Many also appreciate the high-tech cabin and the convenience of electric ownership.
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 performance, technology, and low-maintenance ownership experience. Expert and owner feedback also points to a car that feels modern and efficient, with strong everyday appeal for used buyers.
- 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 best managed by checking the specific car’s software, hardware, and battery-related details 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 | 487 | 26.3% |
| 2021 | 449 | 30.5% |
| 2023 | 339 | 24.5% |
| 2020 | 334 | 30.8% |
| 2019 | 194 | 29.9% |
| 2024 | 157 | 16.6% |
These higher-volume years tend to be popular because they give you more choice at a range of price points. They also make it easier to compare trims, equipment, and deal quality while shopping.
What is the Tesla Model 3's resale value?
| Model Year | Current Avg. Price | Year-Over-Year Change |
|---|---|---|
| 2024 | $41,252 CAD | −12.52% |
| 2025 | $50,548 CAD | −8.08% |
| 2022 | $31,315 CAD | −7.89% |
| 2018 | $21,182 CAD | −7.23% |
| 2020 | $24,250 CAD | −7.1% |
| 2023 | $33,000 CAD | −7.06% |
| 2021 | $26,949 CAD | −6.98% |
| 2019 | $22,455 CAD | −6.96% |
The table shows broad price softening across every listed model year, which can work in your favour if you are shopping used. The largest drops are in the newer years, while the older years show smaller declines.
The 2019, 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 −8.08% versus a year ago, and the 2024 model is at −12.52%.
- Deal availability: The 2024 model has 16.6% good and great deals.
- Sweet-spot year: The 2022 model has the most listings at a current average price of $31,315 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 |
|---|---|---|
| Starting MSRP | $37,990 CAD | $42,895 CAD |
| 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 | $26,949 CAD | $28,966 CAD |
| Listings available | 449 | 99 |
| Good & great deal share | 30.5% | 27.3% |
These recommendations are based on CarGurus' proprietary market data from October 21, 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
32.6%
New Tesla Model 3
AVG Used Tesla Model 3 Price
$30,655
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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