If you are thinking of buying used Tesla EV units, then it is definitely the right time to do so. 

(Photo : Photo by Scott Olson/Getty Images)
Tesla cars sit in a dealership lot on March 28, 2022 in Chicago, Illinois. Shares of Tesla jumped more than 8 percent today after the electric car maker announced a second stock split in less than two years.

Recently, the giant automaker conducted price drops for its Tesla Model 3 and Model Y. But, it looks like new Tesla EV models are not the only ones getting cheaper. 

iSeeCars' latest analysis revealed that the prices of 2nd-hand Tesla EVs are also dropping at fast rates. 

Used Tesla EV Prices Dropping at Fast Rates! 

According to NasDaq's latest report, the average price drop for late-year used Tesla EVs is around 4.8%. 

(Photo : Photo by Joe Raedle/Getty Images)
A Tesla Model Y electric vehicle is dispalyed on a showroom floor at the Miami Design District on October 21, 2021 in Miami, Florida. Tesla reported $1.6 billion in profits for the months of July, August, and September, a record for them.

Also Read: Tesla Investor Day 2023: New Cybertruck Prototype Unveiled, New Features Appear on EV

This price decrease occurred from January to February, which is lower compared to the recent price drop across all late-year used cars during the same months back in 2022. 

To give you more idea, here are the price changes in used Tesla EV models: 

• Tesla Model 3 (pre-announcement: $44,987, to post-announcement: $42, 633) 
• Tesla Model S (pre-announcement: $90,035, to post-announcement: $85,409) 
• Tesla Model X (pre-announcement: $86,828, to post-announcement: $83,457) 
• Tesla Model Y (pre-announcement: $56,786, to post-announcement: $53,970)  

Aside from electric cars, iSeeCars also noted that the price for other kinds of used cars (plug-in hybrid, gasoline, hybrid, and alternative fuel) is also decreasing.

When it comes to over call comparison, used plug-in hybrid vehicles are the ones getting the cheapest; around $2,050 price drops. On the other hand, electric vehicles are in the middle; with around $930 price drops.

2nd-Hand Tesla EV Buying Guide

If you want to purchase a used Tesla, you can contact the official page of the giant EV maker by clicking this link. Once you are there, Tesla will answer all your questions, such as who to contact if you want to check 2nd-hand units. 

But, if you will not seek Tesla's assistance, then here are the things you need to check before purchasing used EV units from other people or dealers: 

• Check the EV's average range. 
• Try using the battery life of the used EV as a bargaining factor.
• Always ask if the EV battery has been replaced. 
• Ask if the battery warranty is still active or how much time it has left. 

If you want to see more used EV buying guide tips, you can visit this link. 

In other news, the new Tesla Model Y, Juniper, is expected to enter production as early as 2024. We also reported that Tesla's unlimited overnight charging now costs $30 per month. 

For more news updates about Tesla and other EV makers, always keep your tabs open here at TechTimes.   

Related Article: Next-Gen Tesla EV Models Could Be 50% Cheaper, but There's a Catch