Here's How Much I Got for Selling My Tesla and What I'm Driving Instead
Driving a Tesla is a dream for many people, especially with the sleek design and no gas expenses. However, some of those people who have driven Teslas are selling their electric vehicles and making a switch.
Geremy Yamamoto, founder of Eazy House Sale, purchased a Tesla Model Y, drove it for four years and eventually sold it.
Here’s how much he got after selling his Tesla and what he’s driving now.
Why I Decided To Sell My Tesla
After four years, Yamamoto found himself hitting the road more often for work. While the Model Y delivered on performance, the charging logistics became a growing concern.
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“I sold it last November. The main reason was my frequent long-distance travel, which made charging along the way tedious and time-consuming,” Yamamoto said. “Besides, due to my work, I travel to different terrains and need a full-size SUV to handle different road conditions.”
While EV infrastructure has improved in many cities, rural driving can still pose a challenge. “Despite its impressive performance, the Tesla Model Y did not fit my needs anymore.”
How Much I Got After Selling
One concern many car buyers have is how well their vehicle will hold its value over time. Tesla vehicles have generally maintained competitive resale values. But like all cars, depreciation is inevitable.
Yamamoto said, “I got $21,000 after selling the car. It was a decent price considering its age and mileage.”
Factors like battery health, mileage, and market demand can impact resale value, but for a 4-year-old Tesla Model Y, $21,000 was a fair return.
What I’m Driving Now
After driving an EV for four years, Yamamoto switched to a gas-powered vehicle.
“Now I am driving a 2024 Toyota Sequoia," he said. "It’s a full-size SUV with an all-wheel drive system, perfect for my long-distance travels and varying road conditions."
This article was provided by MoneyLion.com for informational purposes only and should not be construed as financial, legal or tax advice.
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