How Much Is a 2016 Tesla Model S Worth?

Alright, let’s cut right to the chase. The fair market value of a 2016 Tesla Model S typically ranges from $28,000 to $45,000, depending on several critical factors. These factors include mileage, condition, trim level (e.g., 70D, 75D, 90D, P90D, P100D), Autopilot features, battery health, and location. Understanding these nuances is key to accurately assessing the worth of a specific 2016 Model S.

Decoding the Value of a 2016 Tesla Model S

Pinpointing the precise value of a used Tesla, especially one as iconic as the 2016 Model S, requires a deep dive beyond just the year and model. The electric vehicle (EV) market is dynamic, and Teslas, in particular, hold their value relatively well, but depreciation still plays a significant role. Let’s break down the factors that impact the price you’ll likely encounter, whether you’re buying or selling.

The Mileage Factor

Mileage is a primary driver of price. A 2016 Model S with under 50,000 miles will command a premium compared to one with over 100,000 miles. Battery degradation is often correlated with mileage, although Tesla batteries are known for their longevity. However, higher mileage generally equates to more wear and tear on components, impacting the overall value.

Condition Matters: Inside and Out

The physical condition of the car, both interior and exterior, is crucial. Scratches, dents, worn tires, and interior damage (rips, stains) all detract from the value. A meticulously maintained vehicle, with regular servicing and a clean history, will naturally be worth more. Independent inspections are highly recommended to uncover any hidden issues that might not be immediately apparent.

Trim Level and Options: The Performance Premium

The 2016 Model S came in various trim levels, each with different performance capabilities and features.

• 70D/75D: These are the entry-level trims, offering dual-motor all-wheel drive and a respectable range. They are typically the most affordable.
• 90D: A step up in battery capacity, offering extended range and improved performance.
• P90D/P100D: These “Performance” models deliver blistering acceleration and are highly sought after. The “Ludicrous Mode” option, available on some P90D and P100D models, adds a significant premium.

The presence of specific options also impacts value. Autopilot features (especially if it’s the enhanced Autopilot or Full Self-Driving Capability, FSD), premium sound systems, sunroofs, upgraded wheels, and interior packages all contribute to a higher price. Bear in mind that Tesla sometimes upgraded Autopilot capabilities retroactively; verify the specific features included with the vehicle.

Battery Health: The Heart of the Matter

The health of the battery is arguably the most critical factor in determining the value of a used Tesla. While Tesla batteries are generally robust, they do degrade over time. Degradation refers to the loss of battery capacity, resulting in a reduced range.

There are a few ways to assess battery health:

• Inspect the car’s range estimate: A fully charged 2016 Model S should display a range close to its original EPA rating (e.g., a 75D should show close to 259 miles). Significant deviation suggests degradation.
• Use a third-party app or tool: Apps and diagnostic tools can provide more detailed battery health information, including state of health (SOH) and estimated remaining capacity.
• Consider a battery health test: Some independent EV service centers offer battery health tests for a fee.

A healthy battery adds significant value, while a degraded battery will reduce the price substantially.

Location, Location, Location

Regional demand and electricity costs can influence the value. Areas with higher EV adoption rates and lower electricity prices tend to have stronger demand for used Teslas, potentially driving up prices. Conversely, regions with limited charging infrastructure or higher electricity costs might see lower demand.

Market Trends: The Ever-Changing Landscape

The used car market is constantly fluctuating. Factors such as new Tesla production, government incentives for EVs, and overall economic conditions can impact the value of used Teslas. Keep an eye on market trends to get a sense of whether prices are rising or falling. Websites like Kelley Blue Book, Edmunds, and Carvana can provide valuable market insights.

Research is Key

Before buying or selling a 2016 Tesla Model S, conduct thorough research. Compare prices of similar vehicles in your area, paying close attention to the factors mentioned above. Consider getting a pre-purchase inspection from a qualified mechanic specializing in electric vehicles. Knowledge is power when it comes to navigating the used EV market.

Frequently Asked Questions (FAQs)

1. How can I check the battery health of a 2016 Tesla Model S before buying it?

Several options exist. First, fully charge the car and note the estimated range displayed. Compare this to the original EPA range for that trim level. Significant deviations (more than 10-15%) could indicate degradation. Secondly, use a third-party app like Tessie or Stats, which can connect to the Tesla and provide detailed battery health information. Finally, you can take the vehicle to an EV specialist who can perform a more in-depth battery health test for a fee.

2. What is the difference in value between a 2016 Model S 75D and a P90D?

The P90D will command a significantly higher price due to its superior performance (especially with Ludicrous Mode) and more desirable features. Expect to pay anywhere from $5,000 to $15,000 more for a P90D in comparable condition and mileage compared to a 75D.

3. Does having Full Self-Driving Capability (FSD) significantly increase the value of a 2016 Model S?

Yes, FSD significantly increases the value. However, its value fluctuates with Tesla’s pricing and advancements in the software. A 2016 Model S with FSD can fetch several thousand dollars more than one without it, but remember that the hardware limitations of older models may not support all future FSD features.

4. What are the typical maintenance costs associated with a 2016 Tesla Model S?

Teslas generally have lower maintenance costs than gasoline cars due to fewer moving parts. However, you’ll still need to consider tire replacements, brake pad replacements (although regenerative braking reduces wear), windshield wiper replacements, and occasional battery coolant flushes. Expect to spend a few hundred dollars per year on routine maintenance.

5. How does the age of the tires affect the value of a 2016 Model S?

Old or worn tires can significantly detract from the value. If the tires are nearing the end of their tread life or are more than five years old (regardless of tread), they should be replaced, and this cost should be factored into the price negotiation.

6. What should I look for when inspecting the interior of a used 2016 Model S?

Check for wear and tear on the seats, dashboard, and steering wheel. Look for stains, rips, or cracks. Inspect the functionality of all electronic features, including the infotainment system, climate control, and seat adjustments. A clean and well-maintained interior significantly enhances the car’s value.

7. Are there any common problems or issues to be aware of with the 2016 Tesla Model S?

Some common issues include potential problems with the MCU (Media Control Unit), suspension components, door handles, and battery degradation (especially in early models). A pre-purchase inspection by a qualified mechanic can help identify any potential problems.

8. How does the color of the car affect its value?

While not a major factor, color can influence value to some extent. Popular colors like black, white, and silver tend to hold their value better than less common colors. A rare or unique color might appeal to a niche buyer, but it could also limit the pool of potential buyers.

9. What documentation should I request when buying a used 2016 Tesla Model S?

Request the vehicle history report (Carfax or AutoCheck), maintenance records, and any documentation related to battery health tests or repairs. Verify the vehicle’s title is clean and free of any liens.

10. Is it better to buy a 2016 Model S from a private seller or a dealership?

Both options have pros and cons. Private sellers may offer lower prices, but you’ll need to handle the transaction yourself. Dealerships often offer financing options, warranties, and pre-sale inspections, but their prices might be higher. Thoroughly research both options before making a decision.

11. How does Supercharger access affect the value of a 2016 Tesla Model S?

Some early Model S vehicles came with free Supercharging for the life of the car, which can significantly increase its value. However, Tesla has phased out this benefit over time, so verify whether the car you’re considering has free Supercharging. If it does, it’s a valuable selling point.

12. Where can I find accurate pricing information for a 2016 Tesla Model S?

Several online resources can provide pricing information. Kelley Blue Book (KBB), Edmunds, and Carvana are good starting points. Compare prices of similar vehicles in your local market to get a realistic sense of the current value. Also, check listings on sites like Craigslist, Facebook Marketplace, and Autotrader.