3 Used Tesla Models That Are a Good Investment for Retirees
Written by
Sean Bryant
Edited by
Rebekah Evans
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Are you looking for a reliable used Tesla? It’s not uncommon for new Tesla models to retail for over $100,000. This type of price tag isn’t ideal for retirees; however, it doesn’t mean you can’t own a Tesla. In this article, we’ll cover three used Tesla models that are a good investment for retirees.
Looking for other affordable cars for retirees? Here are six suggestions.
Model S
The Tesla Model S is a high-performing electric vehicle that comes with all of the bells and whistles. This vehicle offers an affordable price point, a comfortable ride and an impressive mileage range. Even better, the Model S holds its value. For example, a used 2022 Tesla Model S with just under 60,000 miles retails for about $38,000, according to Kelley Blue Book (KBB). Compared to 2025’s price tag of around $100,000, according to Car and Driver — you can’t go wrong with buying used.
“The Model S is a true luxury vehicle,” said Melanie Musson, auto industry expert with AutoInsurance.org. “If you want the fun and [cushy] driving experience, it’s hard to beat the Model S. It has a longer range than other Tesla models, so it’s great for retirees who like to take road trips.”
Model Y
The Tesla Model Y is another great investment for retirees. A used Tesla Model Y Long Range with under 15,000 miles retails for about $40,000, according to KBB. This is $10,000 to $20,000 cheaper than purchasing the 2025 Tesla Model Y, which starts at a price of $50,630, according to Car and Driver. The Model Y is more compact compared to the Model S, making it practical for everyday travel and long-distance trips.
“The Model Y has a higher entry than other Tesla models and that’s a big deal when you’re getting into and out of a car as you age,” Musson said. “The second row allows retirees to have passengers, but it also folds down to add a lot of cargo space to the trunk.”
Model 3 Long Range
The Tesla Model 3 Long Range is also a good used car investment for retirees. The Model 3 Long Range is designed for long-distance travel, making it great for retirees who want to explore and take frequent trips. While the 2025 Model 3 Long Range price starts at $44,130, you can find a quality used version for $30,000 to $40,000, according to Car and Driver. In fact, a used 2025 Tesla Model 3 Long Range with under 3,500 miles costs $38,500, according to KBB.
A Few Final Tips
Have you considered any of these three used Tesla models? When purchasing a used Tesla, there are a few key factors to look out for. First, be sure the vehicle is still under warranty. For example, the Model S has an eight-year unlimited mileage warranty on the battery.
Also, be sure to check the accident records. Even minor fender benders could result in a damaged frame, making it important to understand your tentative Tesla’s past record.
Nevertheless, purchasing a used Tesla model can fit into your retirement budget and give you access to the luxury features you’ve been looking for.
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