How Much is a 2016 Tesla Model S Worth?
Direct Answer: A Used 2016 Tesla Model S Worth Between $60,000 to $70,000
The Tesla Model S, introduced in 2012, revolutionized the electric vehicle market with its impressive performance, range, and tech-packed features. As newer models emerged, the market demand for older models fluctuated, making it difficult for buyers to determine a fair price. In this article, we’ll examine the value of a used 2016 Tesla Model S and provide you with essential insights to make an informed purchasing decision.
Pricing Factors Affecting a 2016 Tesla Model S’ Value
When determining the value of a used 2016 Tesla Model S, various factors come into play, including:
• Model trim: The Long Range (75 kWh) and Performance models are the most valuable, with prices ranging from $60,000 to $75,000. The 70D (model) and 60 (model) trims, with shorter ranges and less powerful engines, trade hands for $55,000 to $65,000.
• Mileage: Low-mileage cars (under 60,000 miles) usually fetch higher prices, from $65,000 to $80,000. As mileage increases, prices gradually drop, reaching $40,000 for vehicles with 100,000 miles or more.
• Condition: Vehicles with a clean record and minimal wear (e.g., zero accidents or no major scratches) command higher prices ( $65,000 to $85,000). Damaged or worn-out models trade hands for $45,000 to $65,000.
• Electric battery health: 90% or higher state-of-charge retention earns premium prices, while models with lower retention rates (< 80%) may not attract as much attention ($40,000 to $60,000).
• Add-ons and features: Premium features like autopilot, Full Self-Driving Capability (FSD), and upgraded wheels can enhance a car’s value (up to $75,000).
Where to Find a Good Deal on a 2016 Tesla Model S?
When shopping for a 2016 Tesla Model S, consider the following:
• Certified Pre-Owned (CPO): CPO Tesla Models S offer warranties and maintenance records, typically traded at higher prices ($70,000 to $90,000).
• Direct-from-Owner Sales: You may find a gem in the used car market at $50,000 to $60,000. Clean titles and documented histories are essential.
• Auction Sites and Dealer Inventory: Websites like Cars.com, AutoTrader, and local dealership inventory may offer models for $45,000 to $70,000. However, inspect the condition, mileage, and record meticulously.
Comparison Shopping
To give you an idea of the going market prices, we’ve prepared the following table:
| Mileage | Condition | Model Trim | Price |
|---|---|---|---|
| under 60,000 miles | Clean record, no accidents | Long Range (75 kWh) | $75,000 |
| 60,000 miles – 80,000 miles | Good condition | Performance | $65,000 |
| 100,000 miles or more | High mileage, signs of wear | 60D | $45,000 |
| under 40,000 miles | Certified Pre-Owned | Performance (CPO) | $85,000 |
| 40,000 – 60,000 miles | High mileage, limited use | 70D (CPO) | $70,000 |
| over 80,000 miles | Worn, damaged, or both | 60 (Non-CPO) | $30,000 |
In conclusion, a used 2016 Tesla Model S is worth between $60,000 to $70,000. **Purchasing from a certified owner, auction sites, and dealership inventory can lead to potential savings. Always consider factors like mileage, condition, and trim when setting your budget and negotiating with the seller.