Big Discounts on new Taycans

[LongLive959]

All these concerns will hopefully be addressed with the upcoming etron A6 avant. Though I’m not sure if that’s been pushed back or not with Audi’s recent rethink on going hard into EVs

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[Jonathan S.]

Back in the fall, a dealership manager showed me his phone pictures of an Audi hq presentation on how both the A6 and S6 etron are supposed to arrive here in 2024. Unclear on the Avant availability. And unclear when a build order would actually arrive. Also, since the Q6 has leapfrogged the A6/S6, any further delays in the Q6 will further delay the A6/S6. Another potential competitor is the Polestar 4. Granted, neither Polestar nor Volvo has yet to produce a compelling EV, but the 4 has some intriguing specs and is promoted as a Taycan competitor.

 

[Murph7355]

I had 2 RS4 Before moving to Taycan CT4S- I would swap back in an instant if it weren’t for the EV financial incentives.

I replaced a B7 RS4 with my Taycan GTS. I wouldn't go back (amazing as the B7 was).

 

[RGBArgee]

I replaced a B7 RS4 with my Taycan GTS. I wouldn't go back (amazing as the B7 was).

I had a 2018 and a 69 plate until 2021- zero depreciation, zero trips to garage - totally different experience to Porsche and my local OPC.

 

[Polar993]

@Polar993, that is a killer deal any way you look at it. I would love to hear more stories like this from others. Could you share if this is a stock car or you built it custom and waited and if so how long.

For context for anyone getting these amazing deals now:
I got the worst of it with order placed in May of 2022, for 2023 when $7,500 ended, price increased for new model year but same car, with delivery 13 months later, impacted most likely by the heater issues, interest rates at delivery way too high. Configured exactly like I wanted, but no discounts at that time in general, but I got 4% since we buy and service with the dealership.

Stock car, amongst the many that are currently at dealers across the country. It’s a 2023 and it was the end of the year, so I think they were pretty motivated. It also took some heavy negotiating and some back and forth, but I’m happy with the deal.

There are some good deals out there. Inquire with @KBEV here on the forum. He’s an ambassador at a dealership in NJ (I won’t say which one if he wants to remain anonymous). His dealership has quite a few Taycans and they are offering aggressive deals. For the record, I am not getting my car from his dealership. I liked the specs on the car I chose, especially the Variable Light Control roof!

I think I’m just going to pay cash for my car. Don’t think it works out in my favor to lease and payoff the car in one month. I also won’t get the additional $10k EV discount because I’m getting a Turismo. If I’m wrong or missing something, please let me know. I’m settling the financials on Tuesday. ??

Thanks!

 

[Murph7355]

I had a 2018 and a 69 plate until 2021- zero depreciation, zero trips to garage - totally different experience to Porsche and my local OPC.

The depreciation side is skewed heavily... Assuming you bought at list, and we're talking the B9, you bought the new version more or less on release and sold at a time when all cars (broadly) were selling at a premium. Taycans were selling at a premium in 2021 ?

Reliability is fair enough. But RS4s of at least the B7 and B8 generations were very far from immune from expensive foibles. Never looked at the B9 as was of little interest... If it's free from them I'd be slightly surprised, but as Audi have been making them a while, maybe we shouldn't be. The Taycan is a genuine gen1 product (which is no excuse for a 6-figure car having major issues. The bigger problem there is how Porsche have dealt with them. Though as a VAG product, Audi aren't immune to that either... DRC anyone).

 

[RGBArgee]

The depreciation side is skewed heavily... Assuming you bought at list, and we're talking the B9, you bought the new version more or less on release and sold at a time when all cars (broadly) were selling at a premium. Taycans were selling at a premium in 2021 ?

Reliability is fair enough. But RS4s of at least the B7 and B8 generations were very far from immune from expensive foibles. Never looked at the B9 as was of little interest... If it's free from them I'd be slightly surprised, but as Audi have been making them a while, maybe we shouldn't be. The Taycan is a genuine gen1 product (which is no excuse for a 6-figure car having major issues. The bigger problem there is how Porsche have dealt with them. Though as a VAG product, Audi aren't immune to that either... DRC anyone).

I had zero problems from 3 B9 Audi products - 2 RS4. My first 2022 Taycan CT4S was awful- dealer service struggled to get me in, no loan cars. Replacement far better apart from dealer fit dash cam and a recall - No loan car and offer of 416£ + vat for 3 occasions when no loan car available. Awful service!!

 

[RGBArgee]

I had zero problems from 3 B9 Audi products - 2 RS4. My first 2022 Taycan CT4S was awful- dealer service struggled to get me in, no loan cars. Replacement far better apart from dealer fit dash cam and a recall - No loan car and offer of 416£ + vat for 3 occasions when no loan car available. Awful service!!

I also got good discount on both B9 RS4 and actually made a profit at sale time…

 

[amelen]

I think this is maybe misleading because it only applies to leasing a new Taycan if you currently have a lease for “a competitive vehicle”. I also don’t think the Taycan qualifies for Federal Tax Credit any more because of qualification limitations (vehicle price too high, low buyer income caps, manufacturing restrictions).

From what I heard, Porsche extended the $7,500 credit into 2024 (yes - only for leasing). I don't believe it's tied to income/etc.. when leased (it's a loophole). I thought it was going away for 2024, but the communication Porsche NA sent to dealers implies that it's still offering it.

 

[amelen]

Sounds like @whitex made out well on that, but I know in some states tax is levied both on the lease and then on the buyout, plus in general I'm wary of what dealers and financial services subsidiaries might try to sneak in there.

Yup. It works extra well in states like NJ though, where we have no state tax on EV's.

 

[Jonathan S.]

I was astonished when I first read that about NJ. By contrast, the 6.25% sales tax in MA is a major financial hit on car turnover (although it is net of any dealer trade in, but that of course suppresses trade in values), and waiving that for EV purchases would be a huge benefit for expensive EV models.

 

[whitex]

Sounds like @whitex made out well on that, but I know in some states tax is levied both on the lease and then on the buyout, plus in general I'm wary of what dealers and financial services subsidiaries might try to sneak in there.

In any state (and province) I've ever loaned or leased cars, the sales tax was charged on each payment (and therefore on the interest) and then on the buyout (should you choose to buy out). The means that if you use a loan or lease+buyout, you always pay tax on the price of the car and the interest - so a lease with $0 residual would be identical to a loan (with possible exception of disposition fee some places charged). In my case the extra cost of the lease was $899 lease initiation fee, 2 weeks of interest, and sales tax on these, which was significantly less than the $7,500 rebate (which is applied after tax by the way, so you don't save on the tax - the lease paperwork actually uses a smaller amount with taxes backed out to reduce the cap cost).

I did not do this on the Taycan as I didn't have as much information as I would have liked at the time, it was a remote purchase with a dealer I've never even set foot at and speaking to finance through SA is always painful (best to talk to finance directly), but most importantly the lease balance carried would have been much larger, resulting in my brake even point at ~3 months of interest IIRC, and I wasn't sure I could terminate the lease in the first month. With Audi the break even was way longer, so had a longer runway to terminate, plus I confirmed with dealers that leases can be terminated as soon as they register in the system (a piece of information some of them did not want to give out, one told me it's ILLEGAL to pay off a lease within 6 months, later I found out it was because they get a kickback 90 days after lease is funded, so maybe 100 days into the lease, and possibly more kickbacks the longer you keep the lease).

 

[Jonathan S.]

The state widely reported as essentially double-taxing a car purchase via leasing with the intent to buy out almost immediately is Texas.
I have no idea though how prevalent this practice is among other states.

 

[whitex]

Yup. It works extra well in states like NJ though, where we have no state tax on EV's.

Ah, we used to have no state tax on EV's in Washington. Then some politicians started pushing the "taxpayers should not be subsidizing the rich" as most of the incentives went to Teslas which were framed as toys for the rich, so they got rid of the tax exemption, and eventually added additional taxes just for EVs (one of them explicitly for charging infrastructure projects, which I have yet to come across a single charger from so they must take a decade or more to plan out). EV's also never got access to HOV lanes in WA, the official DOT response I read was "Washington does not have a pollution problem, we have a traffic congestion problem".

 

[Polar993]

No sales tax on EVs in New Jersey as well! I was going to purchase the car through an office I have in NJ, but I didn't want to deal with the hassle, and having all my paperwork go through my office. I purchased the car personally, not through my business. Plus, I don't want NJ plates! No offense New Jersey folks!

I picked up the car yesterday at Porsche of Brooklyn. Smooth process, other than the fact there's a recall on the 240v cable that connect the car charger to the high voltage system! Due to the recall, dealers are being told to remove the 240v cable from the charging pack in the car. The dealer told me that Porsche is giving customers $750 towards the purchase of an aftermarket cable (does one even exist?), plus an extra $500 for the inconvenience.

I'm not sure what to do??? I have an existing Tesla charger in my garage from my old Model X. I just bought an adapter on Amazon that will arrive tonight. I should be able to use the Tesla charger, correct?

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