Average age of Model 3 owners?

[jwharnish]

No wrong answer to borrow or not, but I paid cash for mine. My last several cars were paid off so when I wanted an upgrade I just had to add 10-20K to the trade (which isn't going to make or break an investment account). Just prefer no debt...

I went finance route with my car. Rate I got was less than what I was seeing in returns on investments. Didn't want to pull out 60k in an account making 10%, vs using bank's 60k and paying 5%.

 

[BMWM3Man]

Tesla owner demographics: average age of a Tesla owner
Our data shows that the median age of a Tesla Model S and Model X owner is just under 54 years old, compared to 38 for the US population. The median age of a Model X owner is 52 years old and the median age of a Model S owner is 54.

Tesla Demographics 2024 by Age, Income, Gender, Home Value

Tesla owners have a median age of 48 and an annual income of over $150,000. Learn more demographics about Tesla owners in this free report.

hedgescompany.com

 

[3sr+buyer]

Tesla owner demographics: average age of a Tesla owner
Our data shows that the median age of a Tesla Model S and Model X owner is just under 54 years old, compared to 38 for the US population. The median age of a Model X owner is 52 years old and the median age of a Model S owner is 54.

Tesla Demographics 2024 by Age, Income, Gender, Home Value

Tesla owners have a median age of 48 and an annual income of over $150,000. Learn more demographics about Tesla owners in this free report.

hedgescompany.com

Of course, the Model S and X are and were more expensive, so that may push the age upward (it takes many people more time to have enough money to afford a more expensive car). So that may not apply to the Model 3 more recently.

 

[BMWM3Man]

Of course, the Model S and X are and were more expensive, so that may push the age upward (it takes many people more time to have enough money to afford a more expensive car). So that may not apply to the Model 3 more recently.

46

Tesla Model 3 Demographics: Who Buys Model 3s by Age, Income:

Tesla Model 3 owners have a median age of 46 and annual income of over $128,000. Learn more demographics about Tesla Model 3 owners.

hedgescompany.com

 

[Tha_Ape]

when I was younger I bought a CTS-V. The payment was more than my rent (staying with roommates). i had a well paying job and could afford it, but It's not a decision I'd make again.

That said, it's not a decision I regret either and if i had it to do over, i absolutely would. I'm just older now and in different circumstances. While I could afford to go out and get a Plaid, there are other places my money is better off.

But being young and single with few responsibilities is different. Now, I'm way more conservative with my money.

 

[funphax]

Bought mine at 31 years old. 3rd car.

 

[PushinT]

Loans are how a lot of people get cars they can't afford. Most of us (in the same age group as you) are able to financially just hop out and buy things without much effort because we're financially set. The people getting loans are also (in my opinion) why car prices have skyrocketed in the past 10 years. They think about 'how much does this cost per month' and not 'how much is the total cost of this'. Us driving sh1t cars for a decade and saving money, is why we can now afford things without worrying about costs.

But there's also a large number of young adults that have landed in amazing financial status, or come from a family in that situation, and I say good for them. Someone was working hard for the money they made and they deserve to enjoy every penny of it - but I still think most are from enormous auto loans. Oh and also, a lot of young adults are staying with their parents now and not having to worry about rent/mortgage. That alone is more than enough to cover the cost of a payment.

Conversely, people who are truly smart would rather have their cash tied to income producing assets, invest in the stock market, crypto, etc. when you can get a loan for 1-3%. If you can’t grow your $ 1-3% in that time you’re doing something wrong. Honestly more dumb to place all your cash in a new car…

 

[kd8698]

mid-30s here but friends bought Model 3s throughout their 30s

 

[msuldo]

76 years young. Coming from a Z51 C7 Corvette, and 700hp ZL1 Camaro. Tesla is greatest ever.- Model 3 LR dual motor

 

[Sticky Rice]

Mid 30's and wanted an EV daily that was still enjoyable. Trying to decide on the fun car now.

 

[SocalM3P]

48 this month and as of today, we now have 2 performance model Teslas in our garage. (wife's MYP just delivered this morning!) with kids, mortage payment and an investment property, owning 2 brand new Teslas are plenty.

 

[DustyRhodes]

I'm 68 with a model 3, actually it's my wife's car . . . . and she's 25. Just kidding, she's the same age as myself. Only had our Tesla a couple months, but we both love it. Small font size on screen (mentioned by others) is my only complaint. We traded an Alpha Romeo Guilia for the Tesla, which used premium fuel that is now $5.62 in CA.

 

[PACEMD]

I'm 68 with a model 3, actually it's my wife's car . . . . she's 25.

I know, right? Chicks dig a Tesla.........

 

[RedWhite19]

 

[vesder21]

Work to buy the things you want. I purchased my first S at 33 and then my second at 35. I am now 42 and sold both S's and drive a 3.

Do what makes you happy and enjoy this amazing vehicle!

 

[PizzaDispenser]

Put in my order for a TM3. I’m 24. It’s a bit of a splurge but I am maxing out 401k and Roth and still have money left over after the car payment.

 

[civicdrivr]

33 here. I would've ordered one two years ago but was really trying to pick up a used E63 Estate. But then the used market went crazy and that quickly ballooned out of my budget haha.

I'm happy with the 3 so far though.

 

[cojan666]

Median age for Tesla Model 3 owner in 2022 is 51 years old. Model X owner is 52. Model S owner is 54. Tesla Model 3 Demographics: Who Buys Model 3s by Age, Income: