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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 | $50,573 CAD | $50,573 CAD – $60,443 CAD |
| 2024 | $47,220 CAD | $44,788 CAD – $52,001 CAD |
| 2023 | $42,445 CAD | $41,294 CAD – $47,276 CAD |
| 2022 | $40,974 CAD | $39,403 CAD – $44,056 CAD |
| 2021 | $33,906 CAD | $33,906 CAD – $38,254 CAD |
| 2020 | $32,715 CAD | $31,325 CAD – $37,248 CAD |
The Tesla Model Y's current nationwide average price is $41,692 CAD, and its lowest point over the past year was $39,334 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 is a strong choice if you want a used electric crossover with broad owner appeal and a high satisfaction score. The all-generations owner rating is 4.82/5 across every model year in the data.
Owners consistently praise its quick acceleration, spacious cabin, and advanced technology. They also value the practical cargo layout, easy charging experience, and the savings that come with electric driving. 28.1% of listings are priced as good or great deals.
Are Tesla Model Y models reliable?
Owners consistently praise the Model Y for its electric performance, roomy interior, and modern technology, and expert commentary in the model-year data also highlights its strong packaging and everyday usability. Across the years in the data, the Model Y tends to earn especially positive feedback for acceleration, comfort, and the convenience of EV ownership.
- Owners rate the Tesla Model Y between 4.33 and 4.91 out of 5 stars across all model years in the data.
For used buyers, long-term ownership risk is best managed by checking the exact model year, equipment, and service history so you can choose the version that fits your priorities.
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 | 287 | 27.9% |
| 2023 | 272 | 24.6% |
| 2021 | 185 | 30.8% |
| 2024 | 162 | 25.3% |
| 2020 | 68 | 39.7% |
| 2025 | 58 | 25.9% |
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 feature set. They also often sit in the sweet spot between newer equipment and broader used-market availability.
What is the Tesla Model Y's resale value?
| Model Year | Current Avg. Price | Year-Over-Year Change |
|---|---|---|
| 2025 | $50,573 CAD | −16.61% |
| 2020 | $32,715 CAD | −12.12% |
| 2021 | $33,906 CAD | −11.36% |
| 2023 | $42,445 CAD | −10.03% |
| 2024 | $47,220 CAD | −9.19% |
| 2022 | $40,974 CAD | −6.9% |
The table shows broad downward movement across every model year, which can work in your favour if you're shopping used. The largest drops are in the newer years, while the smaller declines are concentrated in the 2022, 2024, and 2023 model years. That pattern suggests there are opportunities to find recent Model Y examples at meaningfully lower prices than a year ago.
The 2022, 2024, and 2023 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 −16.61% versus a year ago, and the 2024 model is at −9.19%.
- Deal availability: The 2025 model has 25.9% good and great deals, and the 2024 model has 25.3%.
- Sweet-spot year: The 2022 model has the most listings at a current average price of $40,974 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 13, 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 | $44,990 |
| 2026 Long Range AWD | $48,990 |
| 2026 Long Range Launch Series AWD | $59,990 |
| 2026 Premium AWD | $48,990 |
| 2026 AWD | $41,990 |
| 2026 Standard RWD | $39,990 |
| 2026 Premium RWD | $44,990 |
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
- New-Car Premium: The 2026 model year is priced at an average of $48,772 CAD, reflecting a 22.0% premium over its starting MSRP.
- Steepest Depreciation: The 2022 model year has experienced the steepest depreciation at -52.7%, indicating significant value loss in the used market.
- Years Priced Above Starting MSRP: The 2026 model year is the only year priced above its starting MSRP, suggesting strong demand for the latest model.
Model Year Pricing
| Model Year | Starting MSRP | Avg Price | Avg Price vs Starting MSRP |
|---|---|---|---|
| 2026 | $39,990 CAD | $48,772 CAD | +22.0% |
| 2025 | $44,990 CAD | $39,546 CAD | -12.1% |
| 2024 | $42,990 CAD | $37,260 CAD | -13.3% |
| 2023 | $43,990 CAD | $33,918 CAD | -22.9% |
| 2022 | $65,990 CAD | $31,231 CAD | -52.7% |
| 2021 | $41,990 CAD | $27,031 CAD | -35.6% |
| 2020 | $52,990 CAD | $26,734 CAD | -49.5% |
Pricing by Popular Canadian Cities
Market Area: Nationwide
Key Insights
- Highest-Price Market: Calgary, AB has the highest average price at $50,634 CAD, indicating a premium market for the Model Y.
- Best Value: Toronto, ON offers the lowest average price at $40,811 CAD, making it the most affordable city for this model.
- Inventory Drives Stability: Toronto, ON leads with 178 total listings, suggesting a stable supply that may help moderate price fluctuations.
City-Level Pricing
| City | Total Listings | Avg Price |
|---|---|---|
| Toronto, ON | 178 | $40,811 CAD |
| Ottawa, ON | 109 | $45,014 CAD |
| Vancouver, BC | 93 | $41,983 CAD |
| London, ON | 90 | $41,703 CAD |
| Montreal, QC | 65 | $41,150 CAD |
| Quebec, QC | 37 | $41,414 CAD |
| Halifax, NS | 22 | $42,331 CAD |
| Winnipeg, MB | 18 | $49,876 CAD |
| Edmonton, AB | 13 | $46,708 CAD |
| Calgary, AB | 10 | $50,634 CAD |
Pricing by Trim Packages
Key Insights
- Volume Leader: The Long Range AWD trim dominates with 206 listings, indicating strong consumer preference for this configuration.
- Premium Spread: The Long Range Launch Series AWD trim is priced at $59,990 CAD, showcasing a $10,000 CAD premium over the standard Long Range AWD trim.
- Drivetrain Effect: All trims with AWD configurations are priced higher than their RWD counterpart, reflecting the added value of all-wheel drive.
Trim-Level Details
| Trim | Listings | MSRP | Drivetrain | Engine |
|---|---|---|---|---|
| Long Range AWD | 206 | $48,990 CAD | AWD | 384 hp Electric |
| Long Range RWD | 6 | $44,990 CAD | RWD | 295 hp Electric |
| Premium AWD | 4 | $48,990 CAD | AWD | 425 hp Electric |
| Long Range Launch Series AWD | 2 | $59,990 CAD | AWD | 425 hp Electric |
| AWD | 2 | $41,990 CAD | AWD | 425 hp Electric |
These recommendations are based on CarGurus' proprietary market data from October 13, 2026, CarGurus experts' opinions, and generative AI.
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