Taycan under £50k !!

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Discussion

DSLiverpool

Original Poster:

14,984 posts

207 months

Friday 1st December 2023
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After much campaigning by myself mainly on TikTok the first under £50k Taycan has reared its pretty head.

I’d like a CT performance plus at £45k please

interstellar

3,700 posts

151 months

Friday 1st December 2023
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I’ve been watching too. Mainly the amount added to the market. 23 cars were added today on auto trader.

The overall number is going up, I pity anyone trying to sell one in December.

tomvcarter

1,091 posts

198 months

Monday 4th December 2023
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So is it a good time to buy then, or will they keep going?

I've been watching the Mercedes EQS do the same. It's at £60k now.


thecopster

214 posts

171 months

Monday 4th December 2023
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Ha! This is the problem!! Yes it’s lost a massive amount of value but yes from £50k still potentially a long way to go….

I just plugged the £50k one on Autotrader into WBAC…. £43k.

Not an exact science I know but I’m betting that WBAC price will be less than £40k in Jan!!

samoht

6,060 posts

151 months

Monday 4th December 2023
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With the cheaper EVs, they fell off a cliff this year but seem to have 'hit the bottom' and more or less stabilised, as they're now cheap enough to be an attractive second car for those with driveways looking for cheap motoring.

I'm not sure about the higher end stuff. The i-Pace seems to be finding a market in the twenties, Model 3s similar. It feels like the Taycan should settle in the thirties, it's not that much more desirable than the Jag surely? Or am I way off base? I'm just wondering how many people want to pay £50k+ for an out-of-warranty Porsche that's not quite a sports car, not quite a family car, and an expensive way of saving money.

FWIW, howmanyleft suggests 14,600 Taycans on UK roads, of which 582 are listed for sale on AT. There are 23,500 i-Paces on the road, and 758 on AT.




TTmonkey

20,911 posts

252 months

Monday 4th December 2023
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samoht said:
With the cheaper EVs, they fell off a cliff this year but seem to have 'hit the bottom' and more or less stabilised, as they're now cheap enough to be an attractive second car for those with driveways looking for cheap motoring.

I'm not sure about the higher end stuff. The i-Pace seems to be finding a market in the twenties, Model 3s similar. It feels like the Taycan should settle in the thirties, it's not that much more desirable than the Jag surely? Or am I way off base? I'm just wondering how many people want to pay £50k+ for an out-of-warranty Porsche that's not quite a sports car, not quite a family car, and an expensive way of saving money.

FWIW, howmanyleft suggests 14,600 Taycans on UK roads, of which 582 are listed for sale on AT. There are 23,500 i-Paces on the road, and 758 on AT.
The iPace at least has practicality about it. The Taycan doesn’t suit most families at all I’d say. Not as their primary vehicle.

Caddyshack

11,320 posts

211 months

Monday 4th December 2023
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thecopster said:
Ha! This is the problem!! Yes it’s lost a massive amount of value but yes from £50k still potentially a long way to go….

I just plugged the £50k one on Autotrader into WBAC…. £43k.

Not an exact science I know but I’m betting that WBAC price will be less than £40k in Jan!!
WBAC is just a buyer of last resort really. You could actually sell one to them for £43k and then plug that exact car in to wbac the next day and it would probably offer you £35k.

WBAC does not a value make. I plugged in my Boxster and the they quoted £3,800. I got £7k straight cash sale from a trader, last week and he has advertised it for 10.5k

survivalist

5,820 posts

195 months

Monday 4th December 2023
quotequote all
samoht said:
With the cheaper EVs, they fell off a cliff this year but seem to have 'hit the bottom' and more or less stabilised, as they're now cheap enough to be an attractive second car for those with driveways looking for cheap motoring.

I'm not sure about the higher end stuff. The i-Pace seems to be finding a market in the twenties, Model 3s similar. It feels like the Taycan should settle in the thirties, it's not that much more desirable than the Jag surely? Or am I way off base? I'm just wondering how many people want to pay £50k+ for an out-of-warranty Porsche that's not quite a sports car, not quite a family car, and an expensive way of saving money.

FWIW, howmanyleft suggests 14,600 Taycans on UK roads, of which 582 are listed for sale on AT. There are 23,500 i-Paces on the road, and 758 on AT.
The issue with EVs is that company car and salary sacrifice schemes mean that they are currently disproportionately cheap when new. Given the supply issues in 2021/22 we are just beginning to see these vehicles hitting the second hard market.

Not sure about now, but back in 2022 (before interest rates increased significantly) I could get a fully maintained and insured Taycan for the equivalent or £700 a month. So about 25k over 3 years.

Company car tax on Tesla M3 were less per year than a diesel rep car was per month.

All of these cars will be hitting the used market in the next couple of years, so I’d suggest that the current prices are actually still reasonably high.

On top of the issue of very cheap new cars (for those who qualify), the other issue is usage . EVs are high cost to buy and cheap to run, but if you only do 6k miles a year the saving isn’t actually that significant.