Am I crazy?

[LongLive959]

Ok. I preface this by acknowledging my diminished cognitive abilities, so I turn to the state for help…

I spent a decade in a Tesla, hopeful then that eventually some sort of battery recycling/reconditioning infrastructure would be developed to help offset the massive depreciation that would occur when the vehicles got older. But it was fine, as the battery was covered for unlimited mileage for 8 years.

now I jumped into a Taycan and have been happily enjoying it. Amazing. But…

it feels like a ticking time bomb. In 4 years, when the warranty is up (I drive a lot, so my 160k battery warranty will most likely also be gone then) holding on to an electric Porsche is a scary thought. Right around then my car will also be worth…a third(?) of what I purchased it for?

ok we’ve been over (and over and over) the depreciation thing. Where am I going?

well after driving (and seeing endless rose-coloured YouTube reviews) a Lexus Lc500, I can’t get over the way that thing revs. Easy to dismiss as “just a Lexus”, it’s got great quality and finish inside and out. Road presence. Drives great. Yes it’s not blazing fast, but neither am I. I can easily push it to 7/10 and have fun…..where the Taycan gets to same speeds easier and quicker….but also effortlessly. To get the most out of the Taycan l’end up in jail or worse.

so. Even swapping an 8 month old CT4S for a brand new Lc500? Yes. I said I was crazy

I think it’s the allure of one last great (bulletproof) v8 before an endless future of hybrids and EVs

anyone drive/own both care to comment? I’m still here with you guys….just a little curious about the ice side (it’s been over a decade of an EV only life)

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[BullitX]

It's hard to say, but personally, I would drive the Taycan until the wheels fall off. It has been depreciating a lot, especially the first generation, so by the time you really want to get rid of it (due to too many issues or simply wanting an upgrade), it won't be worth much anyway.

Other things to consider: a V8 is much more costly to own. At least in my country, gasoline is very expensive while electricity is fairly cheap. Additionally, a V8 will cost more to maintain, with more spark plugs, larger and more complex gaskets, and generally a lot of moving parts that will need servicing over time. ICE cars also incur higher road taxes (at least where I live).

My take would be, if you really enjoy the Taycan and can get an extended warranty, just ride the wave until you simply can't or don't want to anymore. But if you really miss the roar of a V8 and the Lexus drives really well, then hey, follow your heart!

 

[Jonathan S.]

If you prefer driving a Lexus LC, then that's your personal preference.
But if you think that selling a Taycan now instead of later will save you money, specifically b/c of how its future resale value will be less than its current resale value (a projection that is already reflected in its current resale value), then yes, you're crazy.

 

[daveo4EV]

Ok. I preface this by acknowledging my diminished cognitive abilities, so I turn to the state for help…

I spent a decade in a Tesla, hopeful then that eventually some sort of battery recycling/reconditioning infrastructure would be developed to help offset the massive depreciation that would occur when the vehicles got older. But it was fine, as the battery was covered for unlimited mileage for 8 years.

now I jumped into a Taycan and have been happily enjoying it. Amazing. But…

it feels like a ticking time bomb. In 4 years, when the warranty is up (I drive a lot, so my 160k battery warranty will most likely also be gone then) holding on to an electric Porsche is a scary thought. Right around then my car will also be worth…a third(?) of what I purchased it for?

ok we’ve been over (and over and over) the depreciation thing. Where am I going?

well after driving (and seeing endless rose-coloured YouTube reviews) a Lexus Lc500, I can’t get over the way that thing revs. Easy to dismiss as “just a Lexus”, it’s got great quality and finish inside and out. Road presence. Drives great. Yes it’s not blazing fast, but neither am I. I can easily push it to 7/10 and have fun…..where the Taycan gets to same speeds easier and quicker….but also effortlessly. To get the most out of the Taycan l’end up in jail or worse.

so. Even swapping an 8 month old CT4S for a brand new Lc500? Yes. I said I was crazy

I think it’s the allure of one last great (bulletproof) v8 before an endless future of hybrids and EVs

anyone drive/own both care to comment? I’m still here with you guys….just a little curious about the ice side (it’s been over a decade of an EV only life)

Taycan battery warranty is 8 years/100,000 miles - so you'll be out of battery warranty in less than 8 years?

 

[LongLive959]

I drive about 35-40,000km a year. Canada is 8yr/160,000…..so realistically around year 5 I will be coming close to that

obviously I knew that going in. But I went with my heart not my head. It’s too bad there’s been no movement on recycling etc (I’m sure behind the scenes). Ferrari recently introduced an extendable warranty specifically for hybrid and future EV batteries to help combat depreciation (looks like it works similar to Porsche’s warranty, which can be extended, but covers everything other than the battery). Wish we’d see that from other higher end EV makers. But it’s just not there yet

 

[LongLive959]

If you prefer driving a Lexus LC, then that's your personal preference.
But if you think that selling a Taycan now instead of later will save you money, specifically b/c of how its future resale value will be less than its current resale value (a projection that is already reflected in its current resale value), then yes, you're crazy.

Having purchased a cpo with ~2,000km, a bulk of the depreciation hit had already occurred.
It’s an apples to oranges comparison I know. A v8 luxury gt that’ll last at least a decade, vs the best EV on the road that I’ll probably (key word, I know) have sell in 5yrs (which will be even tougher if it’s battery is out of warranty)

 

[daveo4EV]

I drive about 35-40,000km a year. Canada is 8yr/160,000…..so realistically around year 5 I will be coming close to that

obviously I knew that going in. But I went with my heart not my head. It’s too bad there’s been no movement on recycling etc (I’m sure behind the scenes). Ferrari recently introduced an extendable warranty specifically for hybrid and future EV batteries to help combat depreciation (looks like it works similar to Porsche’s warranty, which can be extended, but covers everything other than the battery). Wish we’d see that from other higher end EV makers. But it’s just not there yet

the batteries don't turn in pumpkins when they hit warranty goals - but yeah you're at risk for an expensive repair is there is an issue…

there is no good answer, but it's also the same for _ANY_ Porsche high milage major drive train component - transfer cases, engines, transmissions, differentials - any of these or many other parts fail outside of warranty it's significant $$$ to repair - it's the cost of doing business w/Porsche

I can't advise you on what to do - while I wait for my 2024 Macan EV Turbo having taken a depreciation bath on my 2020 Taycan Turbo - you and I can however share a therapist and seek financial guardianship since we're both clearly incapable of making rational decisions with our money.

my answer is honestly there is no good answer, I'd suggest drive it until it breaks and than move on - none of these cars are investment grade assets - the best answer is not to buy/own cars at all - that's honest/true - anything else is sub-optimal use of capital.

Personally I spend too much time in my car to hate every second I'm in one.

I personally was more worried about _ALL_ the electronics (main dash, center console, passenger screen) and such having problems - or the onboard charger which haven't proven to be very reiable - and are like $7k to replace out of warranty - the battery actually concerns me less than chipping away at me $5k at a time for all the high end electronics.

 

[Jonathan S.]

re "(which will be even tougher if it’s battery is out of warranty)"
Will be just as easy to sell once the battery is out of warranty -- you'll just have to accept a lower price.
And the current price already reflects the fact that eventually the battery will be out of warranty.

 

[Dee]

Ask yourself: what sounds better?:

-I'm driving a Lexus.
-I'm driving a Tesla.
-I'm driving a Porsche.

There's your answer.
Don't be ridiculous.
Now go.

 

[Murph7355]

Very different cars.

Test drive the Lexus and if you like it, go for it. Life's too short.

Don't expect it not to depreciate.

 

[LongLive959]

Momentary lapse. I’m good. If anything maybe I’ll grab a used convertible as their prices dip to keep as a weekend car for engine noise nostalgia

 

[Caraholic]

If it worries you just get rid of it. Your peace of mind is worth more than anything. If you regret the decision later you can always buy another Taycan.

 

[Dee]

...
Life's too short.

It's literally the longest thing you'll ever do.

 

[daveo4EV]

Am I crazy?

yes! next question?

 

[daveo4EV]

It's literally the longest thing you'll ever do.

death is a longer gig from what I understand.

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