45K? How low can it go (depreciation)?

[EGGY41]

Shmee does a good job in explaining. Higher end models will depreciate more. Most of us are business owners who bought a Taycan with tax benefits or are private owners with a tax benefit. When selling that benefit is gone and someone has to pay full price. That full price is absurd hence the depreciation. And if you are able to pay such prices for a car, you buy new and tick all boxes of options you want. In UK the tax benefit was huge compared to other counties so thats why in UK the prices are lower and the market right now is flooded with second hand Taycans.

He also explains that most of his cars depreciates, even his McLaren hypercar. Since EV’s depreciate a different way (read tax benefits, not faster) it sells good for all the lazy “content creators” on Youtube to make a “shocking” video about is. IMO he makes the same mistake to rant about EV/ICE again in his video. He loved his Taycan when he still had it, but he hates Porsche, probably since they wont sell him a GT3

I watched the first 10 minutes of that, it was full of inaccuracies so gave up. 85p for charging ? No. Access to a driveway ? 60% of properties (not vehicles) in England and higher in Scotland and Wales.

Makes for a good headline though.

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[Steve-M]

Well, this makes interesting reading and I completely follow what Shmee was saying.

I bought my highly specced Taycan Turbo privately from a dealer in May 2023 - given the poor range I was getting, coupled with the vast depreciation, I made the decision to off-load it back to another dealer in January 2024 for a one month old Cayenne S V8. I have to say that I did gulp at how much my Taycan ownership had cost me (bear in mind I was the second owner so a lot of depreciation had already taken place). I think I lost around £30k in a matter of months.

Anyway, there is a happy ending as the Cayenne has all the latest gadgets and gizmos that the Taycan had, plus it takes 5 minutes to refill the tank and sounds absolutely awesome! The obvious downside is the fuel efficiency but sometimes it's more about smiles per gallon.

In addition to the Cayenne, I also acquired a Boxster GTS over the summer too - again, a lovely car although it doesn't sound anywhere near as nice as the Cayenne.

Both these cars will depreciate for sure, but the good thing is that they will always be desirable to someone, even when they get to 5 or 10 years old. I don't think the same can be said of the Taycan...

 

[whitex]

Both these cars will depreciate for sure, but the good thing is that they will always be desirable to someone, even when they get to 5 or 10 years old. I don't think the same can be said of the Taycan...

So you're thinking 5 year old Taycans will not be desirable to anyone, do basically selling for scrap value?

 

[Steve-M]

I'm not saying that they will be undesirable, more a case of less desirable the older and nearer to the 8 year battery warranty expiry.

Would you buy an 8 year old Taycan knowing that to replace the battery would cost more than the car is potentially worth? I certainly wouldn't. Would I buy an ICE car at 8 year old that had been serviced regularly - yes I would.

 

[Rusty Griswald]

8-10 year old Tesla MS still sell in the 35-40K

 

[whitex]

I'm not saying that they will be undesirable, more a case of less desirable the older and nearer to the 8 year battery warranty expiry.

Would you buy an 8 year old Taycan knowing that to replace the battery would cost more than the car is potentially worth? I certainly wouldn't. Would I buy an ICE car at 8 year old that had been serviced regularly - yes I would.

The replacement battery by that time will be cheaper. For reference, Model S battery replacement was over $40K before cars started rolling off the warranty. Today, $16K (saw a post recently from someone who just had theirs replaced).

A 9 year old Model S P85DL was recently advertised on the tesla forum classified for $19,999 - it was marked as sold the next day. I suspect a working 9 year old Taycan Turbo S would fetch more than $20K (if there was one today).

 

[PoorShah]

Bought ours for $182K out the door. Not a business owner or anyone special. And didn’t think twice about depreciation or how much it should be worth. I found a beautiful car and wanted it. That’s it.

I’ve also been one of the few that has has absolutely zero issues with it. Manufacturer date is June of 2023.

 

[Steve-M]

The replacement battery by that time will be cheaper. For reference, Model S battery replacement was over $40K before cars started rolling off the warranty. Today, $16K (saw a post recently from someone who just had theirs replaced).

A 9 year old Model S P85DL was recently advertised on the tesla forum classified for $19,999 - it was marked as sold the next day. I suspect a working 9 year old Taycan Turbo S would fetch more than $20K (if there was one today).

This will be a game changer and will definitely add longevity to the Taycan (and other EVs).
I suspect that Porsche will make it difficult for independent garages to switch out the batteries so will be able to charge vast sums in labour costs. That said, hopefully if you get Porsche to do it, then they should be able to provide a new battery warranty along with the battery, giving peace of mind for a further 8 years...

 

[whitex]

This will be a game changer and will definitely add longevity to the Taycan (and other EVs).
I suspect that Porsche will make it difficult for independent garages to switch out the batteries so will be able to charge vast sums in labour costs. That said, hopefully if you get Porsche to do it, then they should be able to provide a new battery warranty along with the battery, giving peace of mind for a further 8 years...

There is only one way Porsche can keep independent shops out, and that is to offer a battery replacement themselves at an affordable price. $72K (using a recent quote from dealer from one of the members, which turned into $50K after complaining to PCNA) price is not going to fly for 9 year old Taycans, there will be shops which will do it for less. For reference, Tesla has their electronics locked down way tighter than Porsche, yet independent shops still found a way to service Tesla batteries and individual modules. Tesla lowering prices, stopped the mass proliferation of those shops by cutting into their profit margins. When Tesla used to charge $30K for a battery replacement, $10K from an independent was good deal, when Tesla can do it for $16K and offer warranty (50K miles in the refurb) which can be serviced by any Tesla service center, independent shops get less business. I think they mostly do things like replace a couple of modules for $5K, as that is still cheaper than a whole battery swap for $16K (Tesla does not offer module swaps, not even under warranty - too expensive to train techs at all shops how to do it).

 

[D00notD00d]

@Steve-M - I’d say that whilst fun, an 8 year old thirsty V8 Cayenne won’t be any more desirable than an 8 year old Taycan with a decent SofH and relatively minuscule fuel costs.

I bought my 4S Taycan at 2.5 years old 15 months ago when it was £30k lower than list. Trade price is now £35k lower than when I bought it. There’s little point in upgrading it now for a new one that looks the same. My 2018 3.0d Cayenne is the last of those to be registered in the UK, has a 600+ mile range and a massive spec. It’s great for long distance weekends away. Within a year it will be worth more than my newer Taycan. Again it looks almost the same as a 2024.
I recently saw a lovely 6.5 year old low mileage Hybrid Panamera Turbo for sale at £72k with just 6 months of the HV battery warranty remaining. Dealers are still selling 10 year old hybrid Cayennes with zero battery warranty for about 50% of the original price.
New car price inflation will hopefully rescue the floor price for well cared for low miles/high SofH Porsche’s. That’s been the pattern so far. Gambling £40k on having to replace a 911 engine shouldn’t be much different than the same risk on a Porsche EV. I hope!

 

[Fionn]

There are currently 2 full Taycan batteries from salvage cars on eBay Germany for €12k and €14k respectively, the cheaper one has very minor external damage to one corner of the casing the other is perfect.
That's today, once Taycans get to 10 years old there will be a lot more perfectly good packs available on the second hand market.
There have been hundreds of thousands of Taycans. manufactured already.
The proportion that will require a full battery replacement at 10 years will be vastly exceeded by the number of cars with good batteries that receive accident damage that totals the car leaving the battery intact.

I'd guess perhaps the new larger packs in the latest model will be a drop in replacement too as the increase in capacity is modest.

 

[whitex]

There have been hundreds of thousands of Taycans. manufactured already.

Welcome to the past, time traveler! In our timeline there are still less than 200, 000 Taycans produced reported by Porsche, so not quite yet hundreds of thousands.

https://newsroom.porsche.com/en/2024/products/porsche-the-new-taycan-35190.html#:~:text=On the path to series,150,000 examples of the Taycan.

 

[Fionn]

Haha, my apologies, I thought it was past 2 at this stage!
In any case my point stands, the car has been mass produced and there will be ample availability of second hand packs as a supply source of replacement modules or entire packs should one be required.

 

[Ethan Jones]

Isn't it interesting how this Youtuber gives an example below of a black base $45K Taycan, but does not say how much the acid green car they actually drove is selling for today? Apparently (at least he claims so at 3:33) that PORSCHE logo on the back lights up, so it's a modded car with parts from 2025. He even claims (at 6:01) that his acid green Taycan only weight 4.5 hundred pounds (450lb) - now that's a mod I'd like to get!

As this was my video, I just wanted to clear up some things! First off, the purpose of the video was to show how this is an amazing car, they are not as overpriced as people think, extremely fun, and I wanted more people to buy one!
The acid green car was not my car and the owner has owned it since new so was not able to say how much that particular car costs. It did have similar specs to the black one I showed (other than colour).
You are right, the logo on the back was a mod. I have not seen another taycan at night so presumed it was something every car had so definitely my bad. Also meant to say 4.5 thousand pounds so also my bad lol!
All in all, thanks for watching! I love the Porsche brand, own a Cayman myself, however just getting into the world of Taycan and wanted to share my love for them!

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