Teslas hold value better than any other car, says CAP
News
27 Nov 2015
The Tesla Model S reportedly holds its value better than almost every other car on the market, according to data and information firm CAP.
CAP’s Black Book, a reference guide for used car values, claims the used price of the Model S has remained static for over a year and is unlikely to see those prices eroded as quickly as other luxury car models on the second hand market.
Jeff Knight, CAP forecasting editor, said: “The Tesla is still, relatively, rare in the UK and most are bought new by passionate enthusiasts or business fleet buyers.
“This means that second-hand examples tend to be fitted with between £10,000-20,000 worth of optional equipment. This helps the Tesla hold its value on the used car market. At Black Book, we have held Tesla values static for a year now, which is highly unusual.”
Knight added: “People, clearly, love this vehicle, which means it holds its value. For anyone looking to buy an executive car with green credentials, but can handle the charging regime, a Tesla is one of the smartest investments in today’s market.”
