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CAP Black Book: Teslas Retain Their Value Better Than Any Other Car On Market

Out of all the cars on the market currently (electric, gas, diesel, or otherwise), Teslas retain more of their value over time than any others in the UK, according to the CAP Black Book. This is in spite of the fact that Tesla’s offerings are quite expensive — thereby flying in the face of broader tendencies for expensive cars to depreciate faster.

The CAP Black Book also describes the Tesla Model S as “the green motoring choice for the serious car buyer with a decent budget and a passion for investing in the latest electric vehicle technology.”

Clearly, it’s not just for EV fanatics — it’s for anyone who loves a nice car! The Model S is widely considered the best mass-produced car on the planet.

Tesla_Model_S_Black_Wide

“The Tesla is still, relatively, rare in the UK and most are bought new by passionate enthusiasts or business fleet buyers,” stated Jeff Knight at CAP. “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 continued: “Many Tesla owners alter their lifestyle to fit the charging regime, because they are that passionate about the benefits of their vehicle. In the US, it’s not unusual for owners to call at the supercharger on the way home and sit in the car, using the free Wi-Fi to send emails as the car charges. 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.”

I have to wonder, though, if this reality will change somewhat over the coming years as more and more Model Ss are sold. Furthermore, will it continue now that Autopilot is out? Maybe?

 
Written By

James Ayre's background is predominantly in geopolitics and history, but he has an obsessive interest in pretty much everything. After an early life spent in the Imperial Free City of Dortmund, James followed the river Ruhr to Cofbuokheim, where he attended the University of Astnide. And where he also briefly considered entering the coal mining business. He currently writes for a living, on a broad variety of subjects, ranging from science, to politics, to military history, to renewable energy. You can follow his work on Google+.

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