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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 |
|---|---|---|
| 2024 | $48,247 CAD | $44,756 CAD – $52,157 CAD |
| 2023 | $42,489 CAD | $41,360 CAD – $47,279 CAD |
| 2022 | $40,864 CAD | $39,397 CAD – $44,090 CAD |
| 2021 | $34,099 CAD | $33,943 CAD – $38,263 CAD |
| 2020 | $32,721 CAD | $31,315 CAD – $37,203 CAD |
The Tesla Model Y's current nationwide average price is $41,331 CAD, and its lowest nationwide average price over the past year was $39,337 CAD. Recently, prices have come down for the 2022, 2023, and 2024 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 used-EV choice if you want quick acceleration, advanced technology, and a roomy cabin with useful cargo space. The all-generations owner rating is 4.82/5 across every model year in the data.
Owners consistently praise the Model Y for its performance, spacious interior, and easy charging experience. Many also highlight the practical hatchback layout, generous standard equipment, and the savings that come with electric driving.
25.8% 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, spacious packaging, and modern technology, and the expert and owner feedback together point to a vehicle that delivers a compelling everyday experience. Across the model years in the data, buyers also tend to value the strong standard equipment and the practical cargo layout.
- 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 equipment, production timing, and service history of the specific vehicle you are considering.
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 | 290 | 28.3% |
| 2023 | 272 | 25.4% |
| 2021 | 193 | 28% |
| 2024 | 152 | 24.3% |
| 2020 | 69 | 29% |
| 2025 | 54 | 9.3% |
These higher-volume years tend to be popular because they give you more inventory to compare, more pricing spread to work with, and a better chance of finding the features and range you want. They also sit in the heart of the Model Y's used-market sweet spot, where availability and value often line up well.
What is the Tesla Model Y's resale value?
| Model Year | Current Avg. Price | Year-Over-Year Change |
|---|---|---|
| 2021 | $34,099 CAD | −10.88% |
| 2020 | $32,721 CAD | −10.68% |
| 2023 | $42,489 CAD | −9.91% |
| 2024 | $48,247 CAD | −7.5% |
| 2022 | $40,864 CAD | −7.32% |
The table shows broad downward movement across the model years, which can work in your favour if you're shopping used. Several years have seen double-digit drops, while the newer entries have also moved lower over the past year. That pattern creates more room for value-focused buyers to find a well-equipped Model Y at a lower price than before.
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 2024 model is at −7.5% versus a year ago, and the 2023 model is at −9.91%.
- Deal availability: The 2024 model has 24.3% good and great deals, and the 2023 model has 25.4%.
- Sweet-spot year: The 2022 model has the most listings at a current average price of $40,864 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.
4.9 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 $48,752 CAD, reflecting a 21.9% premium over its starting MSRP.
- Steepest Depreciation: The 2022 model year has experienced the steepest depreciation at -52.8%, 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 | $48,752 CAD | +21.9% |
| 2025 | $44,990 CAD | $38,762 CAD | -13.8% |
| 2024 | $42,990 CAD | $37,002 CAD | -13.9% |
| 2023 | $43,990 CAD | $33,607 CAD | -23.6% |
| 2022 | $65,990 CAD | $31,176 CAD | -52.8% |
| 2021 | $41,990 CAD | $27,001 CAD | -35.7% |
| 2020 | $52,990 CAD | $26,657 CAD | -49.7% |
Pricing by Popular Canadian Cities
Market Area: Nationwide
Key Insights
- Highest-Price Market: Calgary, AB has the highest average price at $49,237 CAD, indicating a premium market for the Model Y.
- Best Value: Toronto, ON offers the lowest average price at $39,813 CAD, making it the most affordable market for this model.
- Inventory Drives Stability: Toronto, ON leads with 180 total listings, suggesting a stable supply that may help keep prices competitive.
City-Level Pricing
| City | Total Listings | Avg Price |
|---|---|---|
| Toronto, ON | 180 | $39,813 CAD |
| Vancouver, BC | 91 | $41,722 CAD |
| Ottawa, ON | 88 | $44,573 CAD |
| London, ON | 68 | $40,983 CAD |
| Montreal, QC | 66 | $40,490 CAD |
| Quebec, QC | 35 | $44,495 CAD |
| Halifax, NS | 20 | $42,811 CAD |
| Winnipeg, MB | 16 | $48,965 CAD |
| Calgary, AB | 13 | $49,237 CAD |
| Edmonton, AB | 12 | $47,838 CAD |
Pricing by Trim Packages
Key Insights
- Volume Leader: The Long Range AWD trim is the most popular with 210 listings, indicating strong consumer preference.
- Premium Spread: Both the Long Range AWD and Premium AWD trims are priced at $48,990 CAD, highlighting a competitive segment for high-performance options.
- Drivetrain Effect: The Long Range RWD trim, priced at $44,990 CAD, offers a lower entry point for buyers seeking a less expensive option without sacrificing range.
Trim-Level Details
| Trim | Listings | MSRP | Drivetrain | Engine |
|---|---|---|---|---|
| Long Range AWD | 210 | $48,990 CAD | AWD | 384 hp Electric |
| Long Range RWD | 9 | $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 | 1 | $41,990 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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