Driver who bought 2023 Tesla Model X Plaid for $98,000 shocked after checking value of car 18,000 miles later

This driver bought themselves a 2023 Tesla Model X Plaid for $98,000, but after curiosity got the better of them, they checked the value of the car just 18,000 miles later.

Upon discovering the level of depreciation, the car was worth a lot less, much to the owner’s dismay.

So, to express his concerns, he decided to confide in other gearheads online.

Considering he bought the two-year-old car for a lot of cash, the owner was more than shocked as to what revenue he’d make if he decided to sell it now.

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This 2023 Tesla Model X Plaid was $98,000 but the car’s value decreased rapidly

When buying a car, many gearheads like to buy the best of the bunch, which is exactly what this Tesla driver decided to do.

They purchased a 2023 Tesla Model X Plaid and explained that they usually keep their cars for three to five years.

So, after spending a lump sum of $98,000 on it, he was expecting big things.

But, after checking the value online, they were shocked at the cold, hard truth that was lying in the numbers.

“For grins, I checked the value of my car, and it’s insane. 55K for a two-year-old car that was 98K when purchased is by far THE worst depreciation I have ever seen,” explained Reddit user bocks 79.

And, you have to admit, those numbers wouldn’t have been easy to digest.

“If needed to make a move now, I would be in a world of hurt. Going to ride this out for 3 more years and let the curve flatten out,” they continued.

People were shocked at the decrease in value just 18,000 miles later

After finding out the steep depreciation of the 2023 Tesla Model X Plaid, other gearheads online were very shocked at the value.

“Car is not an investment. It is utilitarian vehicle. It is a depreciable asset. Run it, as long as you can,” said one user.

“55k? That’s gotta be a s****y trade in value. ’23 Plaids are going for 70k on the used car market,” said another person.

Brutal Value Loss
byu/bocks79 inModelX

“Most new cars depreciate pretty hard in the first two years. It will slow down. Hopefully, you still enjoy the car. Keep driving it and don’t worry about it too much,” said one car enthusiast

It seems that depreciation is a big factor when determining what car make and model to buy, and to help drivers, sometimes there are surveys and research that take place to give them a helping hand.

In fact, in a recent study, the Tesla Model S topped the list when looking at the highest EV value loss after 10 years, with a depreciation of almost 90%.

So, maybe if you’re looking to make money from these models, another choice would be your best bet.

Take a look at the Reddit post below and decide whether you think the value of the car sounds about right.

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