Tesla’s 5-seat Model 3 sedan gives the owner ample electric range and lots of technology, all at a starting price of about $40,000. In addition, if you consider the Model 3 a luxury car as some do, it was the best-selling luxury compact car in America in 2019.
But, because of fairly high transaction prices, the Tesla Model 3 is not quite fully mainstream, as it’s still too pricey for most middle-market car shoppers. And now that the federal tax credit for all Teslas has lapsed, it effectively makes the Model 3 even more expensive than last year.
For those on a more limited budget, the 2020 Chevrolet Bolt costs less, offers a better driving range (compared to the Model 3’s standard motor package), even though it’s smaller. Nissan’s Leaf costs even less but has just 149 miles of range with the standard motor package, where the Model 3 Standard Plus base version is worth 250 miles of range. If you peek upmarket a bit to Jaguar’s $70,875 I-Pace, you get a far more plush interior, better handling, and much more standard power, yet the range is essentially the same. All for basically double the price. But option up the Model 3’s Long Range motor package or the Performance version, and costs can skyrocket easily.
Still, the Model 3 is Tesla’s highest-volume and most affordable electric vehicle. With great range, performance, a measure of practicality, good crash safety ratings, and some fun driving character, the Model 3 can be a rewarding full electric vehicle for those heavily weighing life without fossil fuels.
2020 Tesla Model 3 pricing starts at $23,882 for the Model 3 Standard Range Sedan 4D, which had a starting MSRP of $36,200 when new. The range-topping 2020 Model 3 Performance Sedan 4D starts at $27,692 today, originally priced from $56,190.
Original MSRP | KBB Fair Purchase Price (national avg.) | |||
---|---|---|---|---|
$36,200 | $23,882 | |||
$39,190 | $22,244 | |||
$48,190 | $26,205 | |||
$56,190 | $27,692 |
The Kelley Blue Book Fair Purchase Price for any individual used vehicle can vary greatly according to mileage, condition, location, and other factors. The prices here reflect what buyers are currently paying for used 2020 Tesla Model 3 models in typical condition when purchasing from a dealership. These prices are updated weekly.
Which Model is Right for Me?
250 miles of driving range
Standard active driver assistance and collision-avoidance systems
Rear-wheel drive
0-60 mph in 5.3 seconds
15-inch touchscreen control panel
322 miles of driving range
Dual-motor AWD system
0-60 mph in 4.4 seconds
Full “Premium” interior upgrade
Heated rear seats
310 miles of driving range
Dual-motor AWD system
0-60 mph in 3.2 seconds
Performance suspension, brakes, wheels, and tires
Track driving mode
Despite its being an electric car chiefly focused on delivering range and practicality, the 2020 Tesla Model 3 behaves in many ways like a sports car because all the powertrain’s dense mass is positioned low in the chassis and between the wheels. This makes the Model 3 feel nimble with minimal body roll in corners, despite weighing nearly 4,000 pounds.
On a straightaway, the up-level Model 3 Performance can go from 0-60 mph in a claimed 3.2 seconds, which is nothing short of supercar and exotic territory. Meanwhile, the standard Model 3 does the same sprint in 5.3 seconds, still no slouch. Also, the Model 3’s low cowl and dashboard height provide an expansive view forward.
Since much of the Model 3’s driving characteristics are driver-tunable with brake regeneration, steering effort, and throttle response all adjustable, you can dial your preferences in quite elaborately. Overall, the Tesla Model 3 is pleasant to drive, quick and agile when wanted, and comfortable when cruising.
Here’s where things get a little funky for some. The Model 3 interior owes its entire look to minimalism and sparsity. Some even might say stripped-down. It has virtually no conventional switches, levers or knobs, or even an instrument panel. It tosses all that stuff into the bin in favor of a 15-inch multifunction tablet-like touchscreen in the middle of the dashboard. You use this to control everything from ventilation and heating to audio, navigation, and battery charging data.
Vehicle speed and other always-present driving information are displayed at the top left of this screen. Some users might feel this is quite alien, while others might adapt quickly and love it. And as the popular internet memes today often claim, your mileage may vary.
The front seats offer lots of headroom for tall drivers, and those seats themselves are comfortable and supportive. Rear-seat space is tight, however. Plus, the seat bottom is positioned very low and lacks support, forcing rear passengers’ knees to float in the air with little cushioning under their thighs. This causes fatigue to set in very quickly.
Some of the latest EV competitors in the low and middle price classes use odd, quirky design elements to state visually that they are, indeed, electric vehicles. Conversely, the Model 3’s exterior simplicity is its strength. It does not use an awkward overlay of surface details to pronounce its reliance on electrons versus petrochemicals. Meanwhile, the sweep of the roofline, the low cowl, flush door handles, and absent front grille impart a simple elegance.
The 19-inch optional Sport wheels look much better than the standard wheels fitted to the Standard Range and Long Range models. Opting for the Performance model then also results in a lower ride height, 20-inch matte-finish wheels, and a carbon-fiber spoiler.
Having debuted in 2019 with Software v10.0, Tesla Theater makes recharging less tiresome when on road trips by allowing you to watch Hulu, Netflix, YouTube, and other streaming services while parked and recharging.
This feature can start and remotely drive your Model 3 to where you’re standing, all through your smartphone’s Tesla app. The car has to be within sight, and you must accept responsibility for anything that might go wrong on this remote-controlled brief journey. But it’s a crowd-pleaser and relies on deft technology.
Tesla is always changing the Model 3 lineup in features that come standard and options based on buyer trends and software updates. With that caveat, the cheapest model is Standard Range Plus in rear-wheel-drive configuration. Meanwhile, Long Range and Performance trims include dual-motor all-wheel drive.
Dual-zone automatic climate control is standard, as is a glass roof, Bluetooth connectivity, four USB ports, two smartphone docking stations, and heated, power-folding side mirrors with auto-dimming glass. Tesla’s “Autopilot” advanced driving-assistance system (ADAS) is also standard.
Currently, the Model 3 Standard Range Plus includes a “Partial Premium” interior, meaning premium seat material, 12-way power and heated front seats, upgraded audio, plus 30 days of premium connectivity with in-car internet music and entertainment streaming, satellite maps with live traffic and over-the-air vehicle updates.
Oddly, any paint color other than white costs extra, as does the handsome 19-inch Sport wheels. The full Premium interior (in contrast to the above-mentioned “Partial Premium” version) comes with the Long Range and Performance trim levels. The full Premium also adds LED fog lights, heated rear seats, upgraded audio, floormats, and a year of free “Premium” connectivity. Performance trim equips the Model 3 with gray 20-inch wheels, upgraded brakes, lower ride height, a Track driving mode, a carbon-fiber spoiler, and aluminum-alloy pedals.
“Full Self-Driving Capability” costs $7,000 on Model 3s, which includes the existing Tesla Autopilot features like automated driving from highway onramp to highway offramp, similar to Cadillac’s Super Cruise, all of which Tesla claimed earlier in 2020 would be available by year’s end, but is still in beta testing. Automatic lane-changing capability, automatic parking in parallel and perpendicular parking spaces, and Smart Summon are all available now, too. Tesla claims that “Full Self-Driving Capability” will add the ability to respond to traffic signals and stop signs. However, Tesla’s “Full Self-Driving Capability” is absolutely not true autonomous driving, and no one should confuse the two.
For Standard Range Plus and special-order Long Range rear-drive Model 3s, an electric motor sits between the rear wheels, but you’ll never see it. Long Range all-wheel-drive and Performance trim models add another electric motor for the front wheels.
Those electric motors are powered by lithium-ion batteries parked under the car’s floor between the front and rear wheels. Standard Range Plus Model 3s have a 54-kWh lithium-ion battery. A 75-kWh battery comes with the Long Range and Performance versions, but the Performance version is more powerful.
AC induction electric motor w/54-kWh battery pack
340 horsepower (estimated)
330 lb-ft of torque (estimated)
EPA city/highway fuel economy: 148/132 MPGe (RWD)
Range: 263 miles
AC induction electric motors w/75-kWh battery pack
447 horsepower (estimated)
376 lb-ft of torque (estimated)
EPA city/highway fuel economy: 136/123 MPGe (RWD), 124/116 MPGe (AWD)
Range: 353 miles
AC induction electric motors w/75-kWh battery pack
580 horsepower (estimated)
481 lb-ft of torque (estimated)
EPA city/highway fuel economy: 124/116 MPGe (18-inch wheels), 119/112 MPGe (19-inch wheels), 118/107 MPGe (20-inch wheels)
Range: 315 miles
Login or create a new account to see your vehicle depreciation forecast data.
Year | Vehicle Depreciation* | Resale Value | Trade-In Value | ||
---|---|---|---|---|---|
2022 | + $4,459 | $44,876 | $40,835 | ||
2023 | $9,705 | $35,171 | $29,967 | ||
2024 | $12,083 | $23,088 | $19,868 | ||
Now | $3,134 | $19,954 | $17,073 |
Unlock Forecast
2-Year Forecasted Depreciation
*Depreciation for the last 12 months of the private party resale value.
Annual Depreciation is an estimation of what your vehicle's value might be over time based on an average of similar vehicles. Estimations are calculated by comparing Kelley Blue Book Private Party Values of vehicles similar to yours over time, as well as forecasts from Manheim Auction data comparing current and projected auction values against current Kelley Blue Book Private Party and Trade-In Values. This is not a guarantee of actual depreciation. Local weather conditions, market factors and driver performance will also impact your vehicle's actual depreciation.
Already Own This Car?
Curb Weight | 3627 lbs. | ||
---|---|---|---|
EPA Passenger | 97.0 cu.ft. | ||
Front Head Room | 40.3 inches | ||
Front Leg Room | 42.7 inches | ||
Max Seating Capacity | 5 | ||
Minimum Ground Clearance | 5.5 inches | ||
Overall Length | 184.8 inches | ||
Front Shoulder Room | 56.3 inches | ||
Trunk or Cargo Capacity | 15.0 cu.ft. | ||
Turning Diameter | 38.8 feet | ||
Wheel Base | 113.2 inches | ||
Width with mirrors | 72.8 inches |
Alloy Wheels | Available | ||
---|---|---|---|
Fog Lights | Available | ||
Number of Doors | 4 doors | ||
Power Folding Exterior Mirrors | Available | ||
LED Headlights | Available |
City | 148 MPGe | ||
---|---|---|---|
Combined | 141 MPGe | ||
Highway | 132 MPGe |
Drivetrain | RWD | ||
---|---|---|---|
1 speed | Available | ||
Hill Start Assist | Available | ||
Parking Assist System | Available |
Engine | AC Electric Motor | ||
---|---|---|---|
Estimated Electric Range | 250 miles | ||
Charge Time (240V) | 8.5 hours | ||
Battery Capacity | N/A | ||
0 to 60 | 5.3 seconds | ||
Top Speed | 140 mph |
Basic | 4 years / 50000 miles | ||
---|---|---|---|
Powertrain | 8 years / 100000 miles |
Autopilot
Tesla’s standard collection of advanced driving-assistance systems (ADAS), Autopilot, includes adaptive cruise control, forward-collision warning, automatic emergency braking, and lane-keeping assist. However, we find the name misleading. Tesla drivers should never think that “Autopilot” works like or provides fully automated or autonomous driving assistance in the manner that commercial aircraft does (from which the term Autopilot comes). You must always drive the car.
Sentry Mode
Sentry Mode’s staged response to damage and/or theft while the Model 3 is unattended uses video recorded during alleged events. The Model 3 owner must have inserted a USB drive prior to activation, however.
Full Self-Driving Capability
With this recently added $7,000 option, the Model 3 driver has enhanced navigational and “Autopilot” functionality, including automatic lane change, automatic parking, and Smart Summon. Tesla has stated that a level of autonomous driving on city streets using the ability to respond to stop signs and traffic lights should also debut with this package in late 2020. However, so far, this is still in beta testing.
Used 2020 Tesla Model 3 | Used 2023 Hyundai IONIQ 6 | ||
---|---|---|---|
Price | $21,558 | $22,451 | |
KBB.com Rating | 4.6 | 4.6 | |
Consumer Rating | 4.6 | 5.0 | |
Fuel Economy | City 148/Hwy 132/Comb 141 MPGe | City 153/Hwy 127/Comb 140 MPGe | |
Fuel Type | Electric | Electric | |
Estimated EV Range | 250 miles | 361 miles | |
Seating Capacity | 5 | 5 | |
Basic Warranty | 4 years or 50000 miles | 5 years or 60000 miles | |
0-60 | 5.3 seconds | N/A | |
Engine | AC Electric Motor | Electric Motor | |
Drivetrain | RWD | RWD |
The best performers in testing lost just 14% of their range in the cold – better performance than most internal combustion engines.
Tesla long dominated the electric vehicle (EV) market in the U.S. largely by becoming the first automaker to build and…
Tesla’s annual playful holiday update includes some sensible new features alongside the mirth for 2024. In case this is new…
Yes, the 2020 Tesla Model 3 is a good car, as reflected by its above-average Kelley Blue Book rating of 4.6 out of 5.
Used 2020 Tesla Model 3 prices currently range from $22,244 for the Standard Range Plus Sedan 4D to $27,692 for the Performance Sedan 4D when purchasing from a dealership, depending on a range of factors like equipment, mileage, and condition.
The cheapest 2020 Tesla Model 3 is the Standard Range Plus Sedan 4D, with a Kelley Blue Book Fair Purchase Price of $22,244.
The 2020 Tesla Model 3 is part of the 1st-generation Model 3, which our owners give an above-average reliability rating of 4.6 out of 5.