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

[Ferdinand]

I’m in exactly this situation with a 2021 4S with only 16.5k miles, which I love and which has been essentially trouble-free with only a couple of minor issues that were fixed. The question and replies here have been very helpful, thank you!

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[Irv09]

I just turned my 2020 Turbo in at the end of lease. My concern was the potential value of the car in the last few years of the battery warranty. I took delivery on a 2023 Panamera GTS as a hedge. I am not sure if I see an EV as a car I would keep.

 

[Tayconek]

I’d definitely buy it out and agree that there isn’t another EV that’s as nice as the Taycan. With the extended warranty it’s a no brainier in my opinion.

 

[FlyingPoint]

I am in the same situation, my '21 RWD base has a $53k b/o on a 39 month lease term due 8/24. I am uncertain as to how long I will keep it, but will buy at lease end. The factory warranty will expire 5/25. I will purchase an after market warranty but don't have to make the decision as to which one for more than a year.

The battery affecting value does not even come into the equation for me. My car has already depreciated 50% by the time I buy it out from the lease. If I keep the car for a total of 8 years and the car follows the Panamera depreciation curve, it will be valued at about 30% of MSRP, it will cost $23k to drive it another 57 months. Even if it does not follow the Panamera curve and is only valued at 20% of MSRP it will cost $30k to drive it for almost 5 years. Given the spec, history and relative problem free history it just makes sense.

 

[SergeyIndy]

I would be interested to know about the costs of extended warranty and source (dealer or 3rd party) if someone goes down that path at b/o point at the lease end. I think I am seeing a $3k number for 2 years from others on the forum but not specific details what that covers with only 2 years does not seem like much as ideally for long term keepers 4 years past factory warranty makes more sense to align with the timing of the HV battery warranty.

 

[S0upb0ne]

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.

I do love the car but the depreciation is high on the list of negatives. Owned a 1st generation Panamera S and I am wondering if the Taycan’s depreciation curve will be worse.

Seems like the market is making the choice for me. Buying a new car right now is brutal ma

 

[S0upb0ne]

I would be interested to know about the costs of extended warranty and source (dealer or 3rd party) if someone goes down that path at b/o point at the lease end. I think I am seeing a $3k number for 2 years from others on the forum but not specific details what that covers with only 2 years does not seem like much as ideally for long term keepers 4 years past factory warranty makes more sense to align with the timing of the HV battery warranty. I am just a little puzzled that the mileage warranty on the HV battery is 80k miles and not 100k which I thought is the minimum in the US.

Ask your SA about ‘Porsche extended warrenty’

Correcting the cost of the warrenty: Terms I was quoted were around 4k not 3k for 3 years.

2 years, 60k miles, zero deductible, $3200
3 years, 60k miles, zero deductible, $3700
4 years, 60k miles, zero deductible, $3800

 

[SergeyIndy]

Ask your SA about ‘Porsche extended warrenty’

Correcting the cost of the warrenty: Terms I was quoted were around 4k not 3k for 3 years.

2 years, 60k miles, zero deductible, $3200
3 years, 60k miles, zero deductible, $3700
4 years, 60k miles, zero deductible, $3800

This is very helpful, and I will ask to quote.
By 60k you mean 60k additional miles from the mileage at the time of purchase of the coverage?

 

[Taycan barry]

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.

 

[Taycan barry]

If I was in the same situation I would go back to ice, they are asking to much for you to buy the car back in the current market unless you intend to keep the car for A long time.please refer to my post of my 4s ct. I love the car but imo we all overpaid for the car. I am going back to ICE considering this is the only car I own

 

[Tooney]

This is very helpful, and I will ask to quote.
By 60k you mean 60k additional miles from the mileage at the time of purchase of the coverage?

Both the Porsche platinum and another vendor's extended service plans for an existing car already owned or leased still in warranty define the coverage terms as mileage and term length starting on the manufacturer's original in-service date with 0 miles.
In the Porsche plan, out of warranty coverage is only available if the plan is purchased at the time of purchase of the covered vehicle. In that case the extended service plan starts with odometer mileage at vehicle purchase and from the purchase date of the plan.

 

[4thPcar]

I guess I am surprised so many ppl prefer to lease a Porsche vs buy. I know I can't drive a great car like this for a few years and consider giving it back, so leasing was never a consideration (I drove my last Porsche for 12 years and the one prior for 10 years). Maybe for tax purposes?

That said, I agree with the majority that this is a personal decision that you can't easily translate to an ROI analysis.

 

[4thPcar]

If I was in the same situation I would go back to ice, they are asking to much for you to buy the car back in the current market unless you intend to keep the car for A long time.please refer to my post of my 4s ct. I love the car but imo we all overpaid for the car. I am going back to ICE considering this is the only car I own

"Overpaid." This is an interesting observation. I don't want to start an argument but the definition of what an object is worth is the amount people are willing to pay for it. I expect many buyers (especially the ones that didn't lease) acknowledged the car was "expensive" (different from overpaid), but valued the brand, unique styling, innovative tech, etc that they never considered they were overpaying for the car. There are always cheaper alternatives, but on the day I bought mine there was no substitute. YMMV.

 

[Pennyroyal]

I faced a similar situation with a 20k mile '21. Talk to your dealer and see what the options are. In my case, I was able to get a new '23 with better options at a discounted price and a credit allowance on my trade in which netted a lower cost per month for the new car. The previous suggestion is valid, get a lease extension and get a new '25 refreshed version. There are some longer term questions about depreciation and battery life, who wants to own a 4 (5?) year old car with those questions still outstanding? A lease locks in the residual three years out so the depreciation risk is on them. There are improvements each year. Don't fall for the gloom and doom scenario questioning the future of EVs. They are here to stay and are getting better every year.

 

[PNWTaycan4S]

Both the Porsche platinum and another vendor's extended service plans for an existing car already owned or leased still in warranty define the coverage terms as mileage and term length starting on the manufacturer's original in-service date with 0 miles.
In the Porsche plan, out of warranty coverage is only available if the plan is purchased at the time of purchase of the covered vehicle. In that case the extended service plan starts with odometer mileage at vehicle purchase and from the purchase date of the plan.

in the U.S. you can purchase a Porsche warranty plan any time prior to the original warranty expiration. You can't if the factory warranty has expired.

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