CAP Black Book: Tesla is a smart investment
A Tesla holds its value better than almost any other modern cars on the market today, despite its £60,000 starting price, says British auto industry “bible” CAP Black Book. According CAP: “The Tesla is still, relatively, rare in the UK and most are bought new by passionate enthusiasts or business fleet buyers…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… 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."

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A Tesla Model S may have a price tag of £60,000 but it may be the best car to fend off depreciation, according to industry experts.

New reports show the luxury electric car loses value slower than any other car, making it the ideal automotive investment.

CAP, which keeps track of used car values in the UK, says the value of a Tesla Model S has remained static for a year - a 'highly unusual' occurrence in the used car market.

The news means Tesla Model S cars will fall in value slower than other cars once they are driven off the forecourt, saving owners money in the long run.

“The Tesla is still, relatively, rare in the UK and most are bought new by passionate enthusiasts or business fleet buyers,” explains Jeff Knight at CAP. “This means that secondhand 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.”

In fact, a Tesla Model S holds its value better than any other car on the market thanks to its legion of loyal drivers and the growing number of charging points being installed in the UK.

Knight adds: “Many Tesla owners alter their lifestyle to fit the charging regime, because they are that passionate about the benefits of their vehicle.

“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.”