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Yahoo
28-05-2025
- Automotive
- Yahoo
How Quickly a Tesla Cybertruck Depreciates vs a Ford F-150
The Tesla Cybertruck made waves when it was introduced as a concept vehicle in November 2019, and by the time it was released as a production vehicle in November 2023, enthusiasm was boiling over. But after all the initial excitement, enthusiasm for the distinctive vehicle waned rapidly — and so did the amount of money people were willing to pay for one. Read More: For You: Combined with the turning of public opinion against Tesla and its controversial CEO, Elon Musk, valuations for the Cybertruck have plummeted in the secondary market, with depreciation reaching remarkable levels. How bad have things gotten? Here's a look at the current depreciation rate on the Tesla Cybertruck compared with one of its competitors, the Ford F-150. Depending on the data source, first-year depreciation rates for the Tesla Cybertruck are anywhere between 35% and 45%. Tesla only recently began accepting trade-ins of its Cybertruck, and it's pricing 2024 Cybertruck AWD Foundation Series models with just 6,200 miles on the odometer for $65,400, NewsBytes reported. That's just about a 35% discount off the original $100,000 list price. According to CarGurus data, a more realistic depreciation figure for the Cybertruck in its first year is 45%. As this data is based on real-world sales from all types of dealers, not just Tesla, it may be more indicative of the pricing that buyers can get. Consider This: According to Edmunds, the first-year depreciation rate for a 2024 Ford F-150 is just over 13%. It takes five full years for the depreciation rate to hit 42%, which is about what the 2024 Tesla Cybertruck experiences in a single year. By the formula that Edmunds uses, this greatly increases the 'cost to own' of a Cybertruck, particularly vs. a Ford F-150. If you hold your car forever and never intend to sell it, depreciation may not matter to you as much. It's not a cash expense that comes directly out of your pocket, so in that sense, it's an 'expense' that doesn't cost you anything directly. But if you ever intend to sell your car, depreciation can be a huge problem. Imagine buying a $100,000 vehicle and knowing that you can only get $65,000 or even $55,000 out of it if you need to sell it after one year. That's a terrible burden. On the other side of the coin, if you're a buyer, depreciation can work to your advantage. If you really want a Cybertruck, for example, picking one up with fewer than 10,000 miles for 55% to 65% of its original cost can be a great savings. The data clearly indicates that the Tesla Cybertruck is a flop. Musk initially forecasted an annual sales rate of 250,000 units for the Cybertruck, but since its introduction in November 2023, it has sold fewer than 50,000. Meanwhile, first-year depreciation rates are running in the 35% to 45% range, well above the 20% that's typical for a truck in its first year after purchase. The massive depreciation rates for the vehicle indicate that there is little support or demand in the secondary market for the Cybertruck, even at what are bargain-basement prices compared to brand-new models. The numbers may give potential new Cybertruck buyers pause, as many of them would likely be underwater on their car loan within a year of purchase if current depreciation rates continue. More From GOBankingRates Here's the Minimum Salary Required To Be Considered Upper Class in 2025 8 Common Mistakes Retirees Make With Their Social Security Checks This article originally appeared on How Quickly a Tesla Cybertruck Depreciates vs a Ford F-150 Sign in to access your portfolio
Yahoo
28-05-2025
- Automotive
- Yahoo
How Quickly a Tesla Cybertruck Depreciates vs a Ford F-150
The Tesla Cybertruck made waves when it was introduced as a concept vehicle in November 2019, and by the time it was released as a production vehicle in November 2023, enthusiasm was boiling over. But after all the initial excitement, enthusiasm for the distinctive vehicle waned rapidly — and so did the amount of money people were willing to pay for one. Read More: For You: Combined with the turning of public opinion against Tesla and its controversial CEO, Elon Musk, valuations for the Cybertruck have plummeted in the secondary market, with depreciation reaching remarkable levels. How bad have things gotten? Here's a look at the current depreciation rate on the Tesla Cybertruck compared with one of its competitors, the Ford F-150. Depending on the data source, first-year depreciation rates for the Tesla Cybertruck are anywhere between 35% and 45%. Tesla only recently began accepting trade-ins of its Cybertruck, and it's pricing 2024 Cybertruck AWD Foundation Series models with just 6,200 miles on the odometer for $65,400, NewsBytes reported. That's just about a 35% discount off the original $100,000 list price. According to CarGurus data, a more realistic depreciation figure for the Cybertruck in its first year is 45%. As this data is based on real-world sales from all types of dealers, not just Tesla, it may be more indicative of the pricing that buyers can get. Consider This: According to Edmunds, the first-year depreciation rate for a 2024 Ford F-150 is just over 13%. It takes five full years for the depreciation rate to hit 42%, which is about what the 2024 Tesla Cybertruck experiences in a single year. By the formula that Edmunds uses, this greatly increases the 'cost to own' of a Cybertruck, particularly vs. a Ford F-150. If you hold your car forever and never intend to sell it, depreciation may not matter to you as much. It's not a cash expense that comes directly out of your pocket, so in that sense, it's an 'expense' that doesn't cost you anything directly. But if you ever intend to sell your car, depreciation can be a huge problem. Imagine buying a $100,000 vehicle and knowing that you can only get $65,000 or even $55,000 out of it if you need to sell it after one year. That's a terrible burden. On the other side of the coin, if you're a buyer, depreciation can work to your advantage. If you really want a Cybertruck, for example, picking one up with fewer than 10,000 miles for 55% to 65% of its original cost can be a great savings. The data clearly indicates that the Tesla Cybertruck is a flop. Musk initially forecasted an annual sales rate of 250,000 units for the Cybertruck, but since its introduction in November 2023, it has sold fewer than 50,000. Meanwhile, first-year depreciation rates are running in the 35% to 45% range, well above the 20% that's typical for a truck in its first year after purchase. The massive depreciation rates for the vehicle indicate that there is little support or demand in the secondary market for the Cybertruck, even at what are bargain-basement prices compared to brand-new models. The numbers may give potential new Cybertruck buyers pause, as many of them would likely be underwater on their car loan within a year of purchase if current depreciation rates continue. More From GOBankingRates The 5 Car Brands Named the Least Reliable of 2025 6 Hybrid Vehicles To Stay Away From in Retirement This article originally appeared on How Quickly a Tesla Cybertruck Depreciates vs a Ford F-150
