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How much does the Tesla Model Y cost in today's market?
Used Tesla Model Y 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 | $54,638 CAD | $49,922 CAD – $58,376 CAD |
| 2024 | $47,426 CAD | $44,788 CAD – $50,493 CAD |
| 2023 | $42,526 CAD | $41,294 CAD – $46,522 CAD |
| 2022 | $41,008 CAD | $39,403 CAD – $43,836 CAD |
| 2021 | $35,081 CAD | $33,966 CAD – $37,536 CAD |
| 2020 | $32,020 CAD | $31,332 CAD – $35,617 CAD |
The Tesla Model Y's current nationwide average price is $43,240 CAD, and its lowest point over the past year was $39,279 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 Y a good car?
Yes — the Tesla Model Y has broad appeal for used buyers thanks to its strong acceleration, spacious cabin, and useful EV packaging. The all-generations owner rating is 4.8/5 across every model year in the data.
Owners consistently praise the Model Y for its quick performance, advanced technology, and roomy interior. Many also highlight the convenience of electric driving and the savings on fuel and maintenance costs.
26.3% of listings are priced as good or great deals.
Are Tesla Model Y models reliable?
Owners consistently praise the Tesla Model Y for its performance, technology, and everyday usability, and the strongest feedback often centres on its acceleration, spacious interior, and easy charging. Expert and owner impressions also point to a vehicle that feels modern and practical for daily use.
- Owners rate the Tesla Model Y between 4.3 and 4.9 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 vehicle’s history, equipment, and condition closely, especially on earlier examples.
What Tesla Model Y do most buyers choose?
The Tesla Model Y years with the most listings are 2022, 2023, and 2021.
| Model Year | Total Listings | Good + Great Deals % |
|---|---|---|
| 2022 | 312 | 26.6% |
| 2023 | 307 | 25.1% |
| 2021 | 199 | 28.1% |
| 2024 | 189 | 24.3% |
| 2025 | 86 | 23.3% |
| 2020 | 72 | 31.9% |
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 middle of the model’s age range, where you can balance newer features with more accessible pricing.
What is the Tesla Model Y's resale value?
| Model Year | Current Avg. Price | Year-Over-Year Change |
|---|---|---|
| 2020 | $32,020 CAD | −9.58% |
| 2023 | $42,526 CAD | −8.59% |
| 2021 | $35,081 CAD | −6.54% |
| 2022 | $41,008 CAD | −6.45% |
| 2024 | $47,426 CAD | −5.98% |
| 2025 | $54,638 CAD | −0.98% |
Most Model Y model years are down year over year, which can work in your favour if you are shopping used. The largest drops are concentrated in the older and mid-cycle years, while the newest model year is close to flat. That pattern suggests recent inventory has softened, creating more room for value-focused buyers.
The 2025 model year is holding steady, with prices close to flat year-over-year.
The 2025, 2024, and 2022 model years have held their value best, with the smallest year-over-year price changes.
Should I buy a used Tesla Model Y now or wait for the next model?
Buy now if:
- Price trend: The 2025 model is at −0.98% versus a year ago, and the 2024 model is at −5.98%.
- Deal availability: The 2025 model has 23.3% good and great deals, and the 2024 model has 24.3%.
- Sweet-spot year: The 2022 model has the most listings at a current average price of $41,008 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 2022 Tesla Model Y compare to the 2022 Ford Mustang Mach-E?
| Spec | 2022 Tesla Model Y | 2022 Ford Mustang Mach-E |
|---|---|---|
| Motor | 346 hp Electric | 266 hp Electric |
| MPG/MPGe (city) | 127 | 110 |
| MPG/MPGe (highway) | 117 | 96 |
| Battery | 75 kWh | 70 kWh |
| Charge time (240V) | 10 hours | 14.1 hours |
| Average used price | $41,008 CAD | $35,948 CAD |
| Listings available | 312 | 213 |
| Good & great deal share | 26.6% | 34.7% |
These recommendations are based on CarGurus' proprietary market data from November 10, 2026, CarGurus experts' opinions, and generative AI.
4.9 Overall rating
Customers say
The Tesla Model Y has garnered enthusiastic feedback from owners across various model years, highlighting its impressive acceleration, advanced technology, and spacious interiors. Drivers appreciate the seamless transition to electric driving, along with significant savings on fuel and maintenance costs. However, some common concerns include the higher price tag, missing luxury features, and occasional discrepancies between the advertised and real-world range. Overall, the Model Y stands out as a strong contender in the electric vehicle market, offering a blend of performance and eco-friendliness.
AI generated from the text of customer reviews.
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What people say
Kenneth N
Reviewed a 2024 Tesla Long Range AWD on May 12, 2025
Awesome I like the auto steer as well as the auto pilot feature makes it a joy to drive. I like all the technology features that this offers in the integration to my cell phone with my calendar and automatic map routing. The overall torque and acceleration on EV’s are amazing. I like all the technology and integration involved with the Tesla overall.
Matthew K
Reviewed a 2024 Tesla Model Y on May 4, 2026
Took some getting used to but now that we've had it for a few days it's pretty amazing. Highly recommend it.
Nancy K
Reviewed a 2024 Tesla Model Y on Jan 17, 2026
Beautiful vehicle. Love the color and combination, just Over priced.
Tesla Model Y Trims
| Trim type | MSRP |
|---|---|
| 2026 Performance AWD | -- |
| 2026 Long Range RWD | -- |
| 2026 Long Range AWD | -- |
| 2026 Long Range Launch Series AWD | -- |
| 2026 Premium AWD | -- |
| 2026 AWD | -- |
| 2026 Standard RWD | -- |
| 2026 Premium RWD | -- |
Tesla Model Y 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 Y Pricing Analysis
Pricing Analysis by Model Year
Key Insights
- Price by Model Year: The 2026 model year commands the highest average price at $72,051 CAD, indicating strong demand for the latest models.
- Best Value Sweet Spot: The 2023 model year offers a competitive average price of $41,722 CAD, representing a potential sweet spot for buyers seeking value.
- Depreciation Trend: The average price decreases significantly from $72,051 CAD in 2026 to $32,500 CAD in 2020, highlighting a clear depreciation trend over the years.
Model Year Pricing
| Model Year | Avg Price |
|---|---|
| 2026 | $72,051 CAD |
| 2025 | $56,158 CAD |
| 2024 | $46,897 CAD |
| 2023 | $41,722 CAD |
| 2022 | $40,722 CAD |
| 2021 | $34,514 CAD |
| 2020 | $32,500 CAD |
Pricing by Popular Canadian Cities
Market Area: Nationwide
Key Insights
- Highest-Price Market: Calgary, AB has the highest average price at $50,218 CAD, suggesting a premium market for the Model Y.
- Best Value: Ottawa, ON offers the lowest average price at $36,776 CAD, making it the most affordable option for potential buyers.
- Inventory Drives Stability: Toronto, ON leads with 222 total listings, indicating a robust market presence that may stabilise prices.
City-Level Pricing
| City | Total Listings | Avg Price |
|---|---|---|
| Toronto, ON | 222 | $42,785 CAD |
| Vancouver, BC | 100 | $44,065 CAD |
| Montreal, QC | 49 | $39,826 CAD |
| Edmonton, AB | 8 | $48,287 CAD |
| London, ON | 8 | $42,368 CAD |
| Halifax, NS | 6 | $37,919 CAD |
| Ottawa, ON | 5 | $36,776 CAD |
| Calgary, AB | 4 | $50,218 CAD |
| Winnipeg, MB | 4 | $49,970 CAD |
| Quebec, QC | 3 | $43,831 CAD |
Pricing by Trim Packages
Key Insights
- Volume Leader: The Long Range AWD trim is the most popular with 244 listings, indicating strong consumer preference for this configuration.
- Premium Spread: The Premium AWD trim, with only 5 listings, has a higher performance engine but is less available, suggesting a premium market segment.
- Drivetrain Effect: All trims with AWD configurations, including the Long Range AWD, show higher demand compared to RWD options, reflecting a preference for enhanced traction.
Trim-Level Details
| Trim | Listings | Drivetrain | Engine |
|---|---|---|---|
| Long Range AWD | 244 | AWD | 384 hp Electric |
| Long Range RWD | 8 | RWD | 295 hp Electric |
| Premium AWD | 5 | AWD | 425 hp Electric |
| AWD | 2 | AWD | 425 hp Electric |
| Long Range Launch Series AWD | 1 | AWD | 425 hp Electric |
These recommendations are based on CarGurus' proprietary market data from November 10, 2026, CarGurus experts' opinions, and generative AI.
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