Buy-out Lease or Turn-in - 2020 Porsche Taycan 4S

[S0upb0ne]

Coming towards the end of my lease and trying to figure out a plan,

I have a 2020 Taycan 4S ( 25k miles) and lease ends at the end of March. Residual Value is about 67k.

Thinking a buyout since I know the car and Porsche lets extend the warranty for about 3k.

Interest rates are silly right now, That with the uncertainty around the Taycan market maks this a somwehat diffcult decision. May turn the car in and go back o ICE.

Curious what others are planning to do (if in a similar situation) and their reasoning.

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[007]

Coming towards the end of my lease and trying to figure out a plan,

I have a 2020 Taycan 4S ( 25k miles) and lease ends at the end of March. Residual Value is about 67k.

Thinking a buyout since I know the car and Porsche lets extend the warranty for about 3k.

Interest rates are silly right now, That with the uncertainty around the Taycan market maks this a somwehat diffcult decision. May turn the car in and go back o ICE.

Curious what others are planning to do (if in a similar situation) and their reasoning.

I would sell and buy a Jeep Compass.

 

[S0upb0ne]

I would sell and buy a Jeep Compass.

Or Kia Telluride ??‍

 

[Jasper4S]

I would sell and buy a Jeep Compass.

Wait, what!?

 

[007]

Wait, what!?

I’m trying to provide some solid advice. I also recommend a Toyota Corolla. Cheap, reliable, great gas mileage.

 

[AcInCalifirnia]

FWIW, I just purchased my 2020 4S with 32k miles for about $10k more than your residual. I added another year to the 2 year warranty so that was a bit more OTD. I’m smitten with this car and don’t think you can get any other car that drives this well for anything close to $67k. I don’t see myself buying another ICE vehicle after experiencing electric (Taycan in particular).

 

[Redhot2474]

Snatch it up

 

[hitmonlee]

It's all about what YOU want next. Do you like your Taycan? Are you considering going back to ICE because you actually want to drive one or because you're uncertain of Taycan (and maybe EV in general) depreciation?

$67k seems slightly below/inline with where the market is for a 2020 4S with 25k miles. Not necessarily a great deal, but a solid one. Might not be the case in another 3 months though.

Turning it in obviously gives you the most flexibility. You can buy/lease a different EV/ICE, or just buy another Taycan if you really miss it.

 

[MAPC]

To bring this back to a serious tone….

Your posting doesn’t really offer much info.
What are the reasons why you’d think about turning it back in?
What are the reasons why you’d think about buying it out?
Do you really want to go back to ICE? If so, why?

67k + 3k for CPO is a good price for a 2020 4S- particularly one for which you know the history….intimately.

 

[whitex]

The basic question is, knowing everything about the car that you do, and knowing what other cars are out there, if you had no car today at all, would you buy this Taycan for $67K, or would you buy something else? That is pretty much your decision, what do you want your next car to be - this 2020 Taycan or something else?

 

[sun]

I'm in the same situation as you. 2020 4S and $65k to buy it out. I didn't realize I could extend the warranty, so I will look into what that offers. At the moment, I'm not seeing anything in the market that I would rather own at the moment. I'd say in 2-3 years, there will be something that is worthwhile, but not right now. The Taycan is one of the nicest EVs out there.

 

[Jaymo]

Morning, and Merry Christmas to all.
Same boat, 2020 4s with 36k miles.
Lease ended in November.
Was definitely close to buying at 72k and absolutely adore the car but decided to order 2025 refresh and extend lease for 6 months.
All indications that refresh will be able to order in q2 with deliveries beginning q3.
Agree, there is no other car on planet that I would want right now.

 

[whitex]

Morning, and Merry Christmas to all.
Same boat, 2020 4s with 36k miles.
Lease ended in November.
Was definitely close to buying at 72k and absolutely adore the car but decided to order 2025 refresh and extend lease for 6 months.
All indications that refresh will be able to order in q2 with deliveries beginning q3.
Agree, there is no other car on planet that I would want right now.

Nov+6months gets you to April. q3 doesn't start till September. Why bother extending the lease just for winter driving?

 

[Jaymo]

Good question, but live in fla and travel during summer.

 

[Mikegrr]

Really good question. I have 2021 with low mileage due next year. The question for me is…you can’t buy a better car for that price , but is that the fair market value of a 3 year old Taycan. If the price is right , it sounds like a keeper.
Makes me wonder why did I lease in the first place. Otoh, interest rates were a lot lower then. I was hoping the new model would be out when the my lease expires, but I’m not sure if the new one will be worth another $50k.
Another factor is that it’s fun to get a new car. I had a BMW 6 series many years ago when it first came out, and considered getting a new one, but it would have been more of the same thing. it was a great car, but I wanted a change So, I bought a Mercedes SL550 It was a totally different experience and also a great car. I kept it for many years.
Let’s face it, if you own a Porsche, everyone on this forum can afford pretty much what ever car they want.

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