Should I buy a used Taycan before the US Strategic Petroleum Reserve collapses?

[erictayf]

Young professional in America with decent savings and no debt but an ICE car (paid off), should I buy a used Taycan ASAP before the strategic reserve collapses and used EV prices skyrocket? Can comfortably buy lowest spec high mileage Taycans in full but the ones with decent options will need financing.

Of course I could buy any other cheaper EV but I really like the Taycan.

Maybe there’s other things to be worrying about than buying an EV if the strategic reserve actually collapses?

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[refazi]

Never buy, always lease an EV.

 

[SergeyIndy]

I work for a US based refinery and we make products out of oil and we believe that fuel prices and products made out of oil will go up in price so anything related to an ICE car will go up in cost starting with fuel, then oil changes, then tires, etc. California will be first to not only raise prices but start running short of fuel supplies. We are not impacted by the price of oil or tariffs as we pass that cost to the customer and our prices for everything we make have increased since March 1 and as a result our stock rose by +50% since that time and +160% last 12 months since the situation started in the gulf.

Taycan is for sure an amazing EV but you have to know what you are buying, 2023+ year is best, must be a CPO, or under factory warranty. We are here to help and review any example you find. I do not think there is a lease deal on a Taycan that makes sense, but I am no expert on leasing.

I hear a lot about tires on the EV, so ok my Taycan 21 inch OEM Conti fronts lasted 15k miles and rears are good for 30k miles compare that to our Macan GTS ICE with 21 inch with original OEM Michelins front and rear are done at 20k miles. Both are All Season.

 

[DerekS]

Young professional in America with decent savings and no debt but an ICE car (paid off), should I buy a used Taycan ASAP before the strategic reserve collapses and used EV prices skyrocket? Can comfortably buy lowest spec high mileage Taycans in full but the ones with decent options will need financing.

Of course I could buy any other cheaper EV but I really like the Taycan.

Maybe there’s other things to be worrying about than buying an EV if the strategic reserve actually collapses?

My advice on this is the same as it always is, regardless of geopolitical tension.

There is never a good financial reason to buy a Porsche.
However, that is not why we do so.

I really wouldn't buy any car as a speculative investment.

 

[SergeyIndy]

My advice on this is the same as it always is, regardless of geopolitical tension.

There is never a good financial reason to buy a Porsche.
However, that is not why we do so.

I really wouldn't buy any car as a speculative investment.

I agree with this and I am living it as our new Macan EV is sailing to Baltimore right now.

I think the OP is just trying to hedge the long term cost of holding on to an ICE vehicle and get the best EV in a 4 door form that depreciated to reasonable to consider levels before demand and prices go up. I actually did a presentation at my son's school for seniors on the subject of potentially considering an EV as their first car for that same reason.

 

[PorscheTaycan]

This is a biased community. So my answer is yes.

 

[gamueller]

Young professional in America with decent savings and no debt but an ICE car (paid off), should I buy a used Taycan ASAP before the strategic reserve collapses and used EV prices skyrocket? Can comfortably buy lowest spec high mileage Taycans in full but the ones with decent options will need financing.

Of course I could buy any other cheaper EV but I really like the Taycan.

Maybe there’s other things to be worrying about than buying an EV if the strategic reserve actually collapses?

Buying a Taycan before the strategic reserve collapses would be what any Patriotic American would do.

 

[whitex]

@erictayf
Did you calculate how much would the price of gas have to go up in order for this purchase to break even? That of course would depend on your current car, your driving habits, etc. If you really want to rationalize it purely based on gasoline going up, what threshold per gallon would the price have to hit for this to make purely financial sense? $10 a gallon, $20, $30? Say your current car depreciates $10K over the next year, and that you drive 15,000 miles a year. Let's say the Taycan depreciates $60K over the next year, that is $50K extra, that's $3.33 per mile, give say 20mpg, so that's $66.67 per gallon EXTRA, so the price of fuel would have to climb over $70 per gallon for you to come out ahead (and that is even assuming your electricity if free, if it isn't add that too). If that happens, I think we will all have bigger problems in this country.

As @DerekS said, buying a Porsche is not something one justifies financially. If you want it enough that the expenditure will give you sufficient satisfaction per dollar spent, and can afford it (nothing ruins a car experience like a payment you cannot afford), then go for it. Taycans are a blast to drive (if your thing is driving experience), and look great (if your thing is pampering the car so it always looks great).

 

[erictayf]

Appreciate the answers, just gonna put it out there that I know buying a luxury ev isn’t economical or a good investment, even if used and depreciated a bunch. I’m just worried that if I drag my heels in this market looking for a good deal I’ll potentially pay a massive premium when the strategic reserves dry up and there’s bedlam in the used ev lots (also in the rest of the country).

For context I’ve been looking at Taycans for 2 months, and seriously shopping around dealerships for a few weeks.

 

[whitex]

I’m just worried that if I drag my heels in this market looking for a good deal I’ll potentially pay a massive premium when the strategic reserves dry up and there’s bedlam in the used ev lots (also in the rest of the country).

Taycans are not the ones which would skyrocket in price should gasoline even double in price (as per my post above, unless gasoline goes above something ludicrous like $70 per gallon). Used Model 3's, Model Y, sure. Even Nissan used Leafs might double in price (from $6K to $12K), but price of fuel really is not going to factor in much to the price of a Taycan. Now tariffs, sure, our president just imposed 50% tariffs on Canadian products, and he's been known to shoot off the hip 100% 200% tariffs in recent past (remember Chinese tariffs standoff?), so who knows, something some German does somewhere in the world offends him, or he or his friend gets rear ended by a German car, so he puts 50% or 500% tariff on German cars - now THAT would affect Taycan prices, though I'm not sure which way (people still willing to pay 5x for a Porsche, or nobody wanting to buy a Porsche once repair parts jump 5x causing used prices to plumet).

Bottom line is you cannot predict the future (if you can, forget the Taycan, invest in the stock market, long or short, whether the market goes up or down, you can make a fortune, then buy yourself 7 Taycans, one for each day of the week). So make your decisions based on what you know today, not based on what might be in the future.

 

[Dee]

ROFLMAO at topic title!

 

[QueenBean]

Young professional in America with decent savings and no debt but an ICE car (paid off), should I buy a used Taycan ASAP before the strategic reserve collapses and used EV prices skyrocket? Can comfortably buy lowest spec high mileage Taycans in full but the ones with decent options will need financing.

Of course I could buy any other cheaper EV but I really like the Taycan.

Maybe there’s other things to be worrying about than buying an EV if the strategic reserve actually collapses?

Definitely buy it! Hit you with a DM as well as I am considering selling mine (not the one in the profile picture).

 

[Vision]

Well I definitely noticed ev prices going up when gas prices went up, so if you can time your purchase accordingly.

 

[wmjsheffler]

Never buy, always lease an EV.

Leasing is great for buyers with bad credit, and are risk-adverse

 

[JackSparrow]

SPR basic math analysis:
Currently at 44.3% of capacity.
Maximum release rate : there are 78 days of SPR.
Current release rate: there are 105 weeks of SPR left.
I would expect you would see more commodity speculation if the SPR release rate spiked. The US does produce a lot of oil domestically but it is a World market to a large extent.
It’s hard to predict how national policies might affect exports or not, and how the conflict might proceed, stop, or spread.

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