£5000 off a new Taycan.

[Andy0565]

I waited 15 months for my Turbo, spent hours on the configurator and was delighted when it finally arrived last December. But I was warned by many naysayers that it was a financial disaster waiting to happen.

I had a 6% finance offer, which I took. I didn’t need the finance but the option to hand the car back after 4 years, setting a floor on any collapse in value, seemed worth the interest costs. But it couldn’t halve in value could it?

Less than a year later, I’ve seen an almost identically spec’d, brand new, unregistered car for sale at a dealer for £30k under list price. And it’s not the only one. That’s over 20% off!

With hindsight, I’d have waited a year, and saved a load of cash. I’d still have bought the car, it’s spectacular, but it doesn’t stop me feeling sick about what’s happened. My disappointment though, is at the opportunity I’m missing to buy the car at a discount.

But what about future values. Well, I have a mate who has a company car with his job. He works for a major UK financial institution.

Because of tax breaks on EV’s he’ll be taxed on 3% of the value of a Taycan vs 30% on a 5 series diesel or 12% on a 5-series hybrid. The financing costs of something with a list prices of twice as much offset the savings but for an additional contribution from him of less than £200 a month, he’s in a nicely spec’d 4S instead of a 5-series touring.

The thing is, he ain’t the only one. Thousands of company car drivers are making the same calculation and seeing their chance to park a Porsche on the drive.

So, in 3-4 years all these cars will hit the second hand market. There will be less diesels and hybrids around as a consequence but will 2nd hand car buyers want to pay twice as much for an EV vs a diesel or hybrid.

I suspect the gap will narrow, meaning that ev’s will suffer the bigger drop.

I knew all this when I bought the Porsche but didn’t think the factors would lead to my car being worth less than the balloon payment in Dec 2026. I want to keep enjoying the car but each time I walk up to it the £30k figure enters my head!

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[f1eng]

i’ll probably keep mine 6 years, maybe more and the best thing to do is to not look at what you could buy the car for today…

I, of course, came up with this proposition after looking myself but I actually still didn’t find a single used or new Taycan with a spec I really wanted, or even one so much reduced I would accept an unwanted spec - so I don’t have the problem of seeing one like mine cheaper now.

 

[Jin]

I don't see anything on the horizon that's a better proposition.

new to Porsche and hopefully receiving my Taycan later this month and this is my "worry"... driving a different marque just won't appeal again ?


onwards and upwards I suppose!

 

[Fish Fingers]

I waited 15 months for my Turbo, spent hours on the configurator and was delighted when it finally arrived last December. But I was warned by many naysayers that it was a financial disaster waiting to happen.

I had a 6% finance offer, which I took. I didn’t need the finance but the option to hand the car back after 4 years, setting a floor on any collapse in value, seemed worth the interest costs. But it couldn’t halve in value could it?

Less than a year later, I’ve seen an almost identically spec’d, brand new, unregistered car for sale at a dealer for £30k under list price. And it’s not the only one. That’s over 20% off!

With hindsight, I’d have waited a year, and saved a load of cash. I’d still have bought the car, it’s spectacular, but it doesn’t stop me feeling sick about what’s happened. My disappointment though, is at the opportunity I’m missing to buy the car at a discount.

But what about future values. Well, I have a mate who has a company car with his job. He works for a major UK financial institution.

Because of tax breaks on EV’s he’ll be taxed on 3% of the value of a Taycan vs 30% on a 5 series diesel or 12% on a 5-series hybrid. The financing costs of something with a list prices of twice as much offset the savings but for an additional contribution from him of less than £200 a month, he’s in a nicely spec’d 4S instead of a 5-series touring.

The thing is, he ain’t the only one. Thousands of company car drivers are making the same calculation and seeing their chance to park a Porsche on the drive.

So, in 3-4 years all these cars will hit the second hand market. There will be less diesels and hybrids around as a consequence but will 2nd hand car buyers want to pay twice as much for an EV vs a diesel or hybrid.

I suspect the gap will narrow, meaning that ev’s will suffer the bigger drop.

I knew all this when I bought the Porsche but didn’t think the factors would lead to my car being worth less than the balloon payment in Dec 2026. I want to keep enjoying the car but each time I walk up to it the £30k figure enters my head!

Agree with all that, but as we have seen recently anything can happen (and it does!).

Any escalation in the (dreadful) conflict in the middle East could cause oil prices to skyrocket and suddenly EVs are popular again.

Or, more insurers (like John Lewis) could decide EVs are too expensive to repair and premiums skyrocket.....and used EV values fall further.

In the meantime I'm going to carry on enjoying mine, knowing its saved me about £500pm in petrol / tax / servicing compared to what ICE I would have got (M4).

I will also keep it longer than I usually do and the depreciation curve will flatten and the savings keep stacking up.

 

[Lofty]

Well I have just sold mine and gone back to ICE. It’s been the best car I have driven so far… but it’s also been the most expensive for losses. £60,000 + in 2 years, scary amount to lose. With the government pushing back the new ICE ban by 5 more years I am driving V8s again.

 

[AndyWUK]

Just received an email offering a £5k contribution on a new Taycan.
Not sure how i feel about it really. Seems there is stock around they need to move.

I was offered 10K off a new Sport Turismo GTS. Infact it turned out to be the order I cancelled 5 months previously.
I bought a 3 month old ex demonstrator Sport Turismo 4S, £133,000 new with 4k miles onit for £98,000. Result.
And really happy with the car.

 

[whitex]

I waited 15 months for my Turbo, spent hours on the configurator and was delighted when it finally arrived last December.

20 months here.

I didn’t need the finance but the option to hand the car back after 4 years, setting a floor on any collapse in value, seemed worth the interest costs. But it couldn’t halve in value could it?

What was your residual value (guaranteed value) at the end of the 4 years? Was it really above 50% of the MSRP? Cars typically depreciate 50% or more in 4 years, especially in the high end car market. The only exception was COVID19 pandemic where the shortages of new cars were so bad, you could sell a 2 year old Taycan above MSRP, so literally an appreciating asset - that is not normal, nor sustainable. 45-55% depreciation over 4 years is very typical for non-exceptional times, at least here in the US. Things like rebates or incentives factor in on top of that.

With hindsight, I’d have waited a year, and saved a load of cash.

If you had a perfect hindsight, you could have bought NVDA stock in January and sold it now., tripled your money. Perfect hindsight, right? As a side note, if you want the best deal on a car, wait until a newer, better car is announced and about to start selling, that is typically the best price to buy the outgoing model for. Want to buy a brand new, hot model, you pay the premium for having it a few years sooner. Better yet, only buy used cars to minimize depreciation.

I knew all this when I bought the Porsche but didn’t think the factors would lead to my car being worth less than the balloon payment in Dec 2026. I want to keep enjoying the car but each time I walk up to it the £30k figure enters my head!

Why are you worried about this. You said you have the option to hand the car back after 4 years, so you are covered, then why fret over the depreciation? In your case depreciation actually works to your advantage. Imagine the car drops to 25% value, great news for you - you hand it back at the guaranteed value, then have an option to buy it back from them at 25% MSRP if you want to enjoy it longer.

Life is too short to ruin it with "if I had a perfect hindsight". I always look at my decisions as "given the information I had back then, should I have done something differently?" If the answer is no, I stop worrying about it. If the answer is yes, I take lessons to be learned from it so I can apply then in the future, and still move on. It is a life skill worth practicing by the way, it's not something that "comes naturally" to people. Dwelling on the past does not make your life any better. In this case it's ruining a fun experience of driving your Taycan Turbo. I enjoy mine, and I'm not kidding myself about its depreciation, still, zero regrets.

 

[Dr Bob]

With hindsight, I’d have waited a year, and saved a load of cash. I’d still have bought the car, it’s spectacular, but it doesn’t stop me feeling sick about what’s happened. My disappointment though, is at the opportunity I’m missing to buy the car at a discount.

But what about future values. Well, I have a mate who has a company car with his job. He works for a major UK financial institution.

Because of tax breaks on EV’s he’ll be taxed on 3% of the value of a Taycan vs 30% on a 5 series diesel or 12% on a 5-series hybrid. The financing costs of something with a list prices of twice as much offset the savings but for an additional contribution from him of less than £200 a month, he’s in a nicely spec’d 4S instead of a 5-series touring.

The thing is, he ain’t the only one. Thousands of company car drivers are making the same calculation and seeing their chance to park a Porsche on the drive.

So, in 3-4 years all these cars will hit the second hand market. There will be less diesels and hybrids around as a consequence but will 2nd hand car buyers want to pay twice as much for an EV vs a diesel or hybrid.

I suspect the gap will narrow, meaning that ev’s will suffer the bigger drop.

I knew all this when I bought the Porsche but didn’t think the factors would lead to my car being worth less than the balloon payment in Dec 2026. I want to keep enjoying the car but each time I walk up to it the £30k figure enters my head!

Yes, the tax breaks are helping me get a Taycan rather than a polluting diesel. The current dip in 2nd hand prices and slow moving stock got me a Tycan Turbo at a nice price but will expose our company to a depreciation issue in 3-4 years time. Let's live for the present though, not the future and enjoy this great car while we can.

 

[WuffvonTrips]

Even 911s and GTs are in difficulty-

 

[Fish Fingers]

Even 911s and GTs are in difficulty-

A lot of the post covid bubbles are now bursting...

Defying gravity was only possible for a short time.

Wish I had sold some of my watches 18 months ago.

 

[UKTIVO]

It will all come out in the wash, I’m sure.

 

[Archimedes]

It’s not about anything bursting. It’s just getting back to pre COVID normal. Outside of GT cars, the typical discount on a 911 order pre COVID was 5-7%, easily achieved by shopping a couple dealers. Even higher on floor inventory. I got 10% off a dealer stock Cayman S and 21% off a 911S at the end of the year. I even got 3% off my Spyder. The only Porsche I ever paid sticker for was my ‘21 GT4.

Porsche pricing has always left a lot of room for dealers to discount.

 

[Chas1]

With the volume of stock, I'd expect it to take longer personally.

I tend to hold onto cars for at least 5yrs, often longer (my avg is probably 8-10) so not really bothered. I don't see anything on the horizon that's a better proposition.

How about Cayman ev in 2025? I know the 911 is the Porsche flagship but the Cayman seems to me to be the drivers Porsche now. More nimble and agile. So a Cayman ev well executed might be at the top of my list. We’ll see.

 

[Chas1]

new to Porsche and hopefully receiving my Taycan later this month and this is my "worry"... driving a different marque just won't appeal again ?


onwards and upwards I suppose!

I think this is true, there has to be a reason why Porsche customers are fiercely loyal. There’s just not much out there competing at that price in terms of product and service. It doesn’t mean Porsche can charge what they like and obviously in Uk at least they are seeing slow sales, unsurprisingly in a struggling economy.

 

[timc3]

Lots of good opinions in posts above for sure, particularly those that sum up to enjoy what you have..

but I cant help but think Porsche sold way too many Taycans (I see so many every day in Stockholm perhaps more than any other Porsche incl. Macans or Cayenne but maybe because I notice them more) that I just think it really really effects resale and was a stupid purchase, and that puts me off the brand. A 911 is so much rarer around here and that's been sold for years, but now my Taycan turns from an emotional fun aspirational purchase to something to I need to financially risk manage. I should hang onto it to more than a few years because selling it after 2 or 3 would be a bad decision. its not exactly reliable, I love it, but its not special, its a bit rubbish in some ways but excellent in others. Cost of running is low but there are so many ICE cars i could have choosen instead that would have been better.

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