Hey everyone,
I'm planning to buy my first Tesla and have been going back and forth between a used 2024 Model Y RWD (with HW4) and the new base Model 3.
With the recent price cuts, the new Model 3 is now $45,900 before on-road costs (around $50k drive-away), which makes it pretty tempting.
But I've always leaned towards the Model Y for the extra space and practicality. My wife and I also want to do a bit of camping, and the idea of folding down the rear seats, throwing in a mattress and using Camp Mode sounds pretty awesome. We'd probably get a side awning or shelter too.
The problem is the used prices. I'm seeing 2024 Model Y RWDs listed by dealers for around $48kβ$53k, which seems a bit steep considering you can get a brand-new Model 3 for similar money. And the refreshed Model Y isn't that much more expensive either.
Ideally, I'd like to pick up a 2024 Model Y RWD with HW4, reasonable kilometres and a clean history for around $42kβ$45k drive-away. Is this unreasonable? Frankly asking tbh. Iβm also not sure if buying from a private seller is a good idea since Iβve never done it before
A bit about my situation:
Based in Melbourne.
Wonβt probably drive more than 7,000β9,000km a year given me and wife WFH. Car will be mainly for road trips and errands and visiting friends or family.
Planning to keep the car for at least 6β8 years.
Occasional camping and road trips, maybe 4β5 times a year.
Not in a massive rush, happy to wait until early/mid 2027 if it makes financial sense.
A few things I'm curious about:
Do you reckon used Model Y prices will drop further in 2027, especially with the new Model 3 pricing and refreshed Model Y putting pressure on the older models?
Is paying $45kβ$50k for a two-year-old Model Y actually reasonable, or are sellers still holding onto outdated valuations?
Anyone who's owned both the Highland Model 3 and the older Model Y β which would you choose for long-term ownership?
For those who've camped in a Model Y, is sleeping inside with Camp Mode genuinely worth choosing the SUV over the sedan?
I'm leaning towards waiting for the right Model Y at around $45k rather than spending close to $50k on one now.
Would love to hear from anyone who's bought a used Model Y recently or has been following the Australian second-hand Tesla market.
Cheers!