Harley Perkins, who shares advice on cars and vans, was left stunned after taking his pride and joy for a valuation – and the price was a lot lower than he was expecting
A motorist was left gobsmacked when he took his one year old Tesla for a valuation, despite having owned the car for only 12 months.
As most drivers are aware, cars depreciate in value as soon as they roll off the showroom floor. Except for rare future classics, many of us face steep depreciation after just a few years.
But how severe is this drop?
One content creator decided to put his Tesla to the test.
YouTuber Harley Perkins, who posts videos about cars, vans and bikes – often offering advice to new drivers on UK roads – decided to see what his Tesla Model Y would fetch at WeBuyAnyCar, reports the Express.
He documented the entire process in a short video that has since gone viral on social media.
READ MORE: Drivers are just realising why Elon Musk’s car company is called TeslaREAD MORE: VP JD Vance’s new Bluesky account ‘suspended’ just 10 minutes after launch
Harley explained that after shelling out £52,000 for the electric SUV a year earlier – and clocking less than 15,000 miles – he was intrigued to see what price the car-buying service would offer.
He noted that similar Teslas were listed for around £36,000-£37,000 on AutoTrader before revealing the surprising offer.
In the video, the WeBuyAnyCar inspector told him the car was valued at just £27,132 – nearly half the original price of the American-built EV.
When asked to justify the valuation, the employee explained the Tesla was graded as a ‘Grade 2’ car. This means it had a few chips or blemishes, as only a ‘Grade 1’ vehicle is considered to be in perfect showroom condition.
Commenters were left stunned by the valuation so soon after purchase.
WeBuyAnyCar was contacted for a response.
A spectator commented: “Over 2k a month loss, great way to lose money,” while another added their two pence with: “F**k mate, that’s horrendous.”
Doubts were raised by some viewers over the valuation software utilised by the purchasers, and suggestions flew that this significant dip in value might also be linked to the motor being electric.
So there you have it, depreciation sure does bite – reckon your ride might face the same fate?