Dealer trade in values

[Bertibasset]

Hi there folks. Out of curiosity I asked my dealer about trade in and what they can offer for my 21 TTS with 13k kms.
I was shocked at the price they offered for mine. Main reasoning behind this is that Taycans are not “popular” and hard to sell.

130k euros at best is what I was told which is shocking compared to the price of it new. I’ve done some calculations and 1km of mileage costs me 6 euros. Buy electric it’s cheap I was told. How’s the situation worldwide?

The problem is the Trade and general public know it’s a stunning looking car with the Porsche badge however its the most unreliable Porsche ever fact.
This is the reason resale is not looking good anymore as folks don’t want to be stuck with a lemon

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[jvdsanden]

Hi there folks. Out of curiosity I asked my dealer about trade in and what they can offer for my 21 TTS with 13k kms.
I was shocked at the price they offered for mine. Main reasoning behind this is that Taycans are not “popular” and hard to sell.

130k euros at best is what I was told which is shocking compared to the price of it new. I’ve done some calculations and 1km of mileage costs me 6 euros. Buy electric it’s cheap I was told. How’s the situation worldwide?

Your dealer will tell his new potential customer. Best car and most popular EV there is.. And he will ask at least 170k Euro for it. A bargain he will say, 230 kEuro new price.. But it's always like that; What you offer is always unmarketable, too many miles and unpopular, but what he offers is the very popular and best in class. They are car salesmen.
Try to sell the car yourself via autoscout24 within Europe. I am convinced that you will get much more for it, and maybe even from the dealer who will then also adjust his offer when he sees the same car on Autoscout24....

 

[Vim Schrotnock]

I have to chuckle a bit at people who pay in some cases well over $100K for a car and then complain about how much money they are losing. Over a lifetime, people spend more money on cars than anything else. Your house will almost always appreciate, and as long as you're not buying jets and yachts, your car will be your biggest expense.

I don't understand people who buy a new car to drive for just a few years. If you're buying a new car, spec it out exactly as you want it - that's the value of buying a new car - then keep it for a long time. I drove my E60 M5 for over 100K miles. Then I drove my Panamera GTS for over 100K miles. I spec'd out my Turbo S exactly how I wanted it and I've driven the best car I've ever owned for three years now. I fully intend to keep it for another 5-7 years. I've got PPF and take good care of it, so I'm expecting to continue to have this great experience for a long time. I also don't have to worry at all about depreciation. I figure I'm paying about $25K/year for driving an amazing car that was basically custom made for me. That's $2K/month, which I think most people on this forum can afford.

 

[snstevens]

The problem is the Trade and general public know it’s a stunning looking car with the Porsche badge however its the most unreliable Porsche ever fact.
This is the reason resale is not looking good anymore as folks don’t want to be stuck with a lemon

Interesting. Where did you get the data for “most unreliable Porsche ever”? I’d like to see that.

 

[Bertibasset]

Interesting. Where did you get the data for “most unreliable Porsche ever”? I’d like to see that.

JD Power

 

[snstevens]

JD Power

I did a search, but can’t find the data you refer to. If you have the link handy, please include it.

 

[driver69]

I have to chuckle a bit at people who pay in some cases well over $100K for a car and then complain about how much money they are losing. Over a lifetime, people spend more money on cars than anything else. Your house will almost always appreciate, and as long as you're not buying jets and yachts, your car will be your biggest expense.

I don't understand people who buy a new car to drive for just a few years. If you're buying a new car, spec it out exactly as you want it - that's the value of buying a new car - then keep it for a long time. I drove my E60 M5 for over 100K miles. Then I drove my Panamera GTS for over 100K miles. I spec'd out my Turbo S exactly how I wanted it and I've driven the best car I've ever owned for three years now. I fully intend to keep it for another 5-7 years. I've got PPF and take good care of it, so I'm expecting to continue to have this great experience for a long time. I also don't have to worry at all about depreciation. I figure I'm paying about $25K/year for driving an amazing car that was basically custom made for me. That's $2K/month, which I think most people on this forum can afford.

Price new 208€. Price offered - 130€. 78€ loss in 2 years. It’s going down like nothing else I’ve ever seen. I expected a loss but not this big.

 

[007]

Interesting. Where did you get the data for “most unreliable Porsche ever”? I’d like to see that.

I know for a FACT that the driver of my Porsche is the most unreliable ever. 100%. Source: ask my wife.

 

[Bertibasset]

I did a search, but can’t find the data you refer to. If you have the link handy, please include it.

Hi
I am unable to find it as it was a number of weeks ago now the main reason why I was classed the most unreliable Porsche was down to the amount of heating and PCM units that needed replace at no time in Porsche history has a car had so many reliability problems further more the supply of relacment parts on average was 3 weeks the car was off the road. I have had several Porsches now including two Taycans the current the biggest lemon by far.

 

[Jonathan S.]

I did a search, but can’t find the data you refer to. If you have the link handy, please include it.

If you do find any such data, check the methodological notes carefully.
When I’ve read into the details of other JD Power surveys, came across more as marketing and self-promotion rather than a serious effort at research and analysis.

 

[riburn3]

Not surprising at all to see higher trim, higher optioned Taycans bite the bullet hardest. This is historically a trend in higher end sedans and the depreciation seems to be on point for what historic norms are. I think too many people forgot what a normal market was like over the pandemic.

I'd also add that internally and aesthetically, unlike petrol powered Porsche models, there isn't that much that separates a Turbo S from a 4S (or even an base model for that matter). There really aren't any major differences between model years either.

I suspect as the 2020 models come off their warranty over the next year, we see prices plummet.

 

[snstevens]

Hi
I am unable to find it as it was a number of weeks ago now the main reason why I was classed the most unreliable Porsche was down to the amount of heating and PCM units that needed replace at no time in Porsche history has a car had so many reliability problems further more the supply of relacment parts on average was 3 weeks the car was off the road. I have had several Porsches now including two Taycans the current the biggest lemon by far.

Ok. I believe you saw something like that, but I think you're thinking about this all wrong. Personally, I expected issues with a whole new technology platform - the first one of this significance for Porsche in 75 years (Ok, the air-cooled to water-cooled engines was major too).

Yes, I had the HV heater replaced; Yes, I had some rocks removed from the front air intake; Yes, I've had to learn how to 2-finger re-boot the PCM (which shouldn't have to be done); Yes, the PMCC overheats and has STILL NOT BEEN fixed by Porsche; and Yes, I hate the lid on the center console (really shitty design).

To add a little context to my next remark, I've also driven 4 other Porsches in the 718 class along with the Taycan 4s for for 2 hours each on the PECLA track, and I've owned two Taycans too (the first was totaled after another driver turned into me).

The JD Powers data is really irrelevant to me, and I'm neither disappointed or unhappy in any way with my purchase. This is far and away the highest quality car and most enjoyable car to drive that I've ever owned. Innovation has its hiccups, and if Porsche will sign-on to the Tesla SuC Network I'll be driving some version of a Taycan or other Porsche EV for a long time.

 

[Archimedes]

Price new 208€. Price offered - 130€. 78€ loss in 2 years. It’s going down like nothing else I’ve ever seen. I expected a loss but not this big.

Retail vs Wholesale. Adjust the 130 for retail resale and it’s 145. So, 30 percent depreciation over two years, which is actually slightly low for a high end luxury sedan.

 

[BJCanadaMax]

Maybe its just where i live.

 

[whitex]

Hi there folks. Out of curiosity I asked my dealer about trade in and what they can offer for my 21 TTS with 13k kms.
I was shocked at the price they offered for mine. Main reasoning behind this is that Taycans are not “popular” and hard to sell.

130k euros at best is what I was told which is shocking compared to the price of it new. I’ve done some calculations and 1km of mileage costs me 6 euros. Buy electric it’s cheap I was told. How’s the situation worldwide?

If you really want to see high per km cost, buy any new car from a dealer, drive it 1km, trade it in. I bet even the cheapest new car will run you way more than 6 euros.

The less you drive, the more per km depreciation hits you. 2021 Taycan is ~3 years old now, 37.5% depreciation is actually not bad, your low mileage helped. If you're expecting the pandemic bubble prices where used cars sold above new MSRP (because there was very few new cars available), that is gone and unlikely to be coming back. Also, electric is cheap, but $200K EV will never be cheaper than $15K gasoline car. You also must have some cheap EV's in Europe, here in the US Chevy bolt can be had for ~$20K USD - if that car depreciates to nothing in 3 years, it is still cheaper than TTS depreciation for the same time. Uses less electricity than a Taycan.

Bottom line, if you want cheapest per km, buy the cheapest EV you can find. If you want to lower your Taycan per km cost, drive more.

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