Taycan starting to look like a bargain
Discussion
Mikehig said:
Porsche have just launched a major facelift - more efficient, faster charging, more power, better range, etc..
That's going to hit the residuals of the gen 1 cars.
It will, as does any release of a facelift model. That's going to hit the residuals of the gen 1 cars.
Surely that's a good thing for prospective used car buyers.
Louis Balfour said:
Nomme de Plum said:
Just under £3k per month. I would view that as significant.People sem to have little concept of dealer margin and deprecation. Rule of thumb. Pick up your shiny new car, change mind return to dealer. Loss to you 20- 25% instantly. A mate sold his 911 991 back to Porsche after less than 3months he lost over £25K on a £100K car years l prior to the warped situation Covid caused.
Inflated used car prices are seemingly over.
Nomme de Plum said:
Really you can buy a brand new Audi for 13% off list
People seem to have little concept of dealer margin and deprecation.
??? That'll be you then, as you're the first one to mention depreciation. People seem to have little concept of dealer margin and deprecation.
It's been sat with a dealer for six months and they've cut £21K off the asking price and still not shifted it. How much do you think the dealer paid?
Huge Audi discounts have been a thing for years. Porsche discounts are almost unheard of (until VERY recently - but there's a whole other thread on that).
silentbrown said:
??? That'll be you then, as you're the first one to mention depreciation.
It's been sat with a dealer for six months and they've cut £21K off the asking price and still not shifted it. How much do you think the dealer paid?
Huge Audi discounts have been a thing for years. Porsche discounts are almost unheard of (until VERY recently - but there's a whole other thread on that).
No idea what the dealer paid. If they can't take a hit so what?It's been sat with a dealer for six months and they've cut £21K off the asking price and still not shifted it. How much do you think the dealer paid?
Huge Audi discounts have been a thing for years. Porsche discounts are almost unheard of (until VERY recently - but there's a whole other thread on that).
Porsche like many high end specialist cars need to keep residuals high. Their whole business model works on it.
Brave new world isn't it.
Nomme de Plum said:
Terminator X said:
Lol open your eyes man, EV blinkers on.
TX.
How about a Fiat 500X list with options over £27K bout with delivery mileage for just over £13K a few months old. About 55% of list.TX.
Oh and it's an ICE.
If I am honest, I didn't really register that the depreciation was due to it being an EV. Just that it was a huge sum of money to lose monthly. But now you you've drawn my attention to it...
I used to feel hared done by when my Porsches were losing £1k per month!
silentbrown said:
Nomme de Plum said:
How about a Fiat 500X list with options over £27K bout with delivery mileage for just over £13K a few months old. About 55% of list.
All well over £19K on AT? (And, as you say, nobody is paying full list price for a new one of those)If a car buyer needs to consider depreciation I suggest buying used and keeping until it becomes uneconomic.
Louis Balfour said:
Nomme de Plum said:
Terminator X said:
Lol open your eyes man, EV blinkers on.
TX.
How about a Fiat 500X list with options over £27K bout with delivery mileage for just over £13K a few months old. About 55% of list.TX.
Oh and it's an ICE.
If I am honest, I didn't really register that the depreciation was due to it being an EV. Just that it was a huge sum of money to lose monthly. But now you you've drawn my attention to it...
I used to feel hared done by when my Porsches were losing £1k per month!
Cars depreciate but if you really want to feel rinsed take up big boat sailing.
Here in the US, there are a lot of Taycan's available, even at main dealers, which suggests a bit of an oversupply. Values have been hit, but not as bad as they are in the UK it seems. I would also note that they seem a little cheaper here too, seems like the RHD tax is at play.
I see a couple of things that impact the value - firstly, 4 door Porsche models have never been a good place to put your money, it is a shrinking market worldwide. Expensive 4 door cars in general aren't a good purchase either, just look at the BMW 7 series!
Next, the fear of EV's is real and a lot of people are worried. Getting an expensive one is great, but once it gets to the warranty period, I can see a lot of people dumping them - again impacting the values.
Finally, not a lot of people actually buy their Porsche cars. A lot of people will just use rotating credit or leases. It helps to have confidence in the model refresh cycle for Porsche too. You know that in 2-3 years a refresh model will be available, or if you have a good couple of years, you can drop a little extra in for the next finance package and go for a 911 or something. That means a lot of Taycan's will be hitting the market at 2 or 3 year intervals with people who are 'motivated' to get the next model.
However, it does mean that they are becoming relatively affordable, which is nice. Maybe in a year or two....
I see a couple of things that impact the value - firstly, 4 door Porsche models have never been a good place to put your money, it is a shrinking market worldwide. Expensive 4 door cars in general aren't a good purchase either, just look at the BMW 7 series!
Next, the fear of EV's is real and a lot of people are worried. Getting an expensive one is great, but once it gets to the warranty period, I can see a lot of people dumping them - again impacting the values.
Finally, not a lot of people actually buy their Porsche cars. A lot of people will just use rotating credit or leases. It helps to have confidence in the model refresh cycle for Porsche too. You know that in 2-3 years a refresh model will be available, or if you have a good couple of years, you can drop a little extra in for the next finance package and go for a 911 or something. That means a lot of Taycan's will be hitting the market at 2 or 3 year intervals with people who are 'motivated' to get the next model.
However, it does mean that they are becoming relatively affordable, which is nice. Maybe in a year or two....
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