Mind-blowing values/depreciation

[Weezer]

I've been looking at Taycans for a while. Would love to own one, but I can't get my head around the valuations. There's a car I really like, it's a nearly-new, well-specced JI.2 up for over £110K. But when you type the reg number into something like Webuyanycar or Auto Express, you get a valuation of around £55K – less than half price! I suspect these lowball figures are totally ignoring the options, but even so... I shudder to think of the valuation in two years' time. I've lost a ton on my BMW i4 M50, but this is next-level depreciation.

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[Moonstone]

Executive Saloon cars depreciate a lot, especially those with RRPs over £100k.
EV's depreciate a lot.

With the Taycan you're getting both.

 

[Cappo]

Yeah unless the tax incentives mean a lot to you, it's best to get one which is 1 or 2 years old. I just managed to snag a 15 month old 4S for about 45% off of its original price with 8000 miles on the clock. I know it'll depreciate more than other cars but I'm gonna keep hold of it for many years and enjoy it. Such a brilliant car

 

[Weezer]

Yeah, I really want the newer facelift model. Maybe I'll come back this time next year, see how things lie.

EDIT: Oh, you're just down the road in Bristol. How are you getting on with the size of the car along our tiny roads in the SW?

 

[Dee]

I've been looking at Taycans for a while. Would love to own one, but I can't get my head around the valuations. There's a car I really like, it's a nearly-new, well-specced JI.2 up for over £110K. But when you type the reg number into something like Webuyanycar or Auto Express, you get a valuation of around £55K – less than half price! I suspect these lowball figures are totally ignoring the options, but even so... I shudder to think of the valuation in two years' time. I've lost a ton on my BMW i4 M50, but this is next-level depreciation.

Why are you looking at daily cars as an investment?
You are not forced to buy a Taycan, right?
On the other hand, if you don't like depreciation, don't sell it.
Simple.

Just look around and buy a used one, a few years old, prices are stabilizing after that.

 

[Dabz]

Yeah, I really want the newer facelift model. Maybe I'll come back this time next year, see how things lie.

EDIT: Oh, you're just down the road in Bristol. How are you getting on with the size of the car along our tiny roads in the SW?

I'm south west based too. It can get hairy in places but you soon get used to the size and it's not really been much of an issue. I just have to give way a lot more coming in/out of my village compared to my old car where I could maintain forward movement and squeeze through most places.

The depreciation is pretty big, but for me it's been worth it to drive the car. It's the best car I've ever owned and I continue to love it each time I get in it (and even when I don't). I'm about to do my third prom transport, people love it as much as I do.

If you can afford to live with the depreciation then we only live once and we never know for how long.

 

[W1NGE]

I've been looking at Taycans for a while. Would love to own one, but I can't get my head around the valuations. There's a car I really like, it's a nearly-new, well-specced JI.2 up for over £110K. But when you type the reg number into something like Webuyanycar or Auto Express, you get a valuation of around £55K – less than half price! I suspect these lowball figures are totally ignoring the options, but even so... I shudder to think of the valuation in two years' time. I've lost a ton on my BMW i4 M50, but this is next-level depreciation.

My theory is that EVs are getting 3 year depreciation in one hit and front loaded. Most Porsches (excluding 911s) will depreciate 10% - 15% over 3 years. Oversupply of Taycans has skewed the market further.

The rate will slow if not recover a little as otherwise a car would very quickly be worth nothing in a few short years.

Porsche are streamlining the Taycan range and some variants will be dropped with the entry set to be a 4S. They also won't be forward manufacturing of the Taycan any more which led to a deluge of cars at dealerships during Q4 2024 which then had to be sold (costs money for dealers to have stock). So in came the incentives (dealer + Porsche) seeing an average £20K discount on unregistered J1.2s. This then did J1.1 no favours.

Good time to buy I'd say and any depreciation should be much softer. WBAC is rubbish - they don't want EVs at the moment and so will make a silly offer. My own car was valued by the dealer at 50% of what I paid for it 2 years ago (which hurts) and they have similar to sell at a £20K markup. Make of that what you will but it's not all gloom and doom.

Option will add some value back but typically the valuation is based on original base purchase price added to which would be some compensation for options. Anyone who privately purchases a Porsche and is canny with their pennies will not spend 1/3 of the car's list price on options and expect a good return.

 

[Cappo]

Yeah, I really want the newer facelift model. Maybe I'll come back this time next year, see how things lie.

EDIT: Oh, you're just down the road in Bristol. How are you getting on with the size of the car along our tiny roads in the SW?

No major problems! Only had to tuck my mirrors in once while driving down a narrow street with cars parked both sides! ?

 

[j.w.s]

I've been looking at Taycans for a while. Would love to own one, but I can't get my head around the valuations. There's a car I really like, it's a nearly-new, well-specced JI.2 up for over £110K. But when you type the reg number into something like Webuyanycar or Auto Express, you get a valuation of around £55K – less than half price! I suspect these lowball figures are totally ignoring the options, but even so... I shudder to think of the valuation in two years' time. I've lost a ton on my BMW i4 M50, but this is next-level depreciation.

Before the Taycan, I owned a Jaguar XKR-175. It was a $110K car that I bought CPO for $45K with low miles, kept for seven problem-free years and sold for $38K - though I would not have been disappointed if it had only been worth $10K after that many years of enjoyment.

Deprection is GREAT if you are the person buying the 2-3 year old car. Deprecation is NO BIG DEAL if you keep your cars for 8-10 years. Depreciation is only awful if you buy your cars new AND keep them for only a few years AND the $ amounts are large enought to matter to you a great deal.

Right now the Gen1 used Taycans can be a great deal. If you want a Gen2, maybe wait a year or two if the depreciation bugs you. Or buy the car you really want and shrug off the depreciation as the price to pay for owning a high-end sedan.

 

[Murph7355]

WBAC is distressed seller territory. Don't bother LOOKING unless you feel that's where you'll have to go.

I reckon on 50% at 3yrs, which is normal IMO.

Two ways to beat it....don't buy one. Or keep it for a long time.

 

[Weezer]

And the moment I post, the car I was looking at has been sold. Bloody typical. Oh well, it was very expensive and full of options Is probably don't need.

Good to hear that Taycan owners like the car. Still tempted; I'll see what else comes up in the coming months.

 

[Mr. 2021 Taycan]

Taycan depreciation is a great argument for a three year lease.

 

[RoseyPSU]

Taycan depreciation is a great argument for a three year lease.

Exactly. I owed my 2020. Value was dropping at about the same rate as my monthly payment. So I traded it in on a leased 2025. Now I don't really care what it's worth.

 

[Travis]

I got a 2 yr old Taycan, mint condition, with 13,000 miles, for 56% off MSRP. Sticker was $156k. I appreciated the depreciation and would not have bought the car new. I generally wait at least one full yr, and under 15,000 miles when I buy a car. Rarely do I buy new as I do not hold onto my cars long and do not want to take a huge hit.

 

[4sCT21]

Mine was £114500 list and I paid just under £81k, essentially a 30% discount at point of sale.

I'm hoping that will give me a reasonable head start, but I'm trying to put depreciation to the back of my mind and just enjoy the car.

They are amazing cars and it makes me feel special when I drive it.

This will be my one and only new Porsche, so I'm trying not to overthink it.

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