Good time to change?

[Edinburger]

I have a well specced Taycan CT4S which was bought new in December ‘22 which I absolutely love. 25,000 miles in and it has not put a foot wrong and still brings a smile to my face every time I drive it.
My only thing is that you get used to the speed of the thing which has seen me keeping an eye on ex-demo Turbo Turismos.
I know that depreciation has been eye watering, but as dealerships are looking to get rid of gen1 stock, there does seem to be some good deals out there.
I estimate my own car to have a trade value of around £50k (according to WBAC). I have seen ex-demo reasonable spec Turbo cars being sold by dealers for between £80-£95k.
My man maths has almost convinced me that it makes sense if I could upgrade to a car 12 months newer than mine, which has 20,000 less miles and still qualifies for the UK company corporation tax write off by being an ex-demo. The price difference between my car and a good spec turbo would likely have been £35k when new - so surely if I can get one for that with the other added benefits this makes sense?
The alternative is hold on for another 18 months and look to change to an ex-demo gen2 car for likely nearer £70k.
What are the group thoughts?

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[D00notD00d]

I’m in a similar stick or twist position.
My head tells me to quit Taycans. Seeing several ‘demo’ Gen 2 cars just being listed changed my mind to deferring the decision until the initial Gen 2 depreciation hit occurs.
My car is also heavily specced and similar cars are hard to find. In your case the Corp Tax write down could be repeated in successive years, allowing you to buy a pre registered Gen 1 now then a pre registered Gen 2 later?

 

[daveo4EV]

there is never a good time - there is only what you want to do - cars are financial suicide - but if you like them and that's how you want to spend your money more power to you - it's one my choices and I have no regrets…

life is too short to not do what you want if you can afford it - embrace the moment and don't look back - if it makes you happy just move forward - the money will work itself out.

there is no such thing as a "good time" - only time you regretted not pulling the trigger.

 

[WasserGKuehlt]

IMO if you’re taking a financial hit, you might as well get more in return than just a bit more power (‘cause you’ll get used to that, too). That is, hold and get a gen2.

 

[Fish Fingers]

I suggest you do what I did.....

Take your current car in for service/warranty work and get a base Macan as a loaner for a week.

When they hand back your current car, it will feel like the fastest, most amazing, futuristic driving machine.
I feel like I am now in a 2030 Turbo S and mine is only a 2021 RWD.
?

Joking aside, that base Macan was painfully slow and outdated. It shocked me how poor it felt coming from my Taycan.

 

[wmras]

If you have a perfectly functional Taycan, love it, have it detailed inside and out by experts every six months, and drive it like a new car until a major technological change replaced it (Active Ride comes close).

 

[Edinburger]

Thanks for the help everyone. The fact that my own car has never given me any trouble whatsoever makes me think that I should probably stick for now.
I like the idea of a little more range in the gen2 cars and may well wait a year for these to start dropping in value - although I have to say I prefer the ‘face’ of the gen1 cars. I think smoothing over the headlights doesn’t look as cool as the original design.

 

[Caraholic]

I would hold out for the gen 1.5 used cars. You will get used to the speed in the turbo quickly as well and will be pining for a 1.5.

 

[Speuk]

Same position here Dec 22 MY 23 4S CT with 20K miles. Dealers are starting to chase me for a change to Gen 2 but I think the man maths will get better the longer Gen 2 have been out and depreciation starts to level out on our cars. It has seldom worked changing much before 3 years, given the depreciation hit in the first two years. I run mine through a partnership which is very tax efficient as I get tax relief at my marginal rate on the business use element (which is high).

Current advertised discounts on nearly new demo cars seem to be up to +/- 14% and there will be some room to negotiate on that. Maybe once the pent up early demand for Gen 2 has been satisfied discounts will be up to the levels seen at the end of last year on Gen 1 cars?

Try Motorway for a trade value on yours, they are usually a few thousand higher than WBAC and I have sold to dealers at their figure plus a bit for an off market deal.

 

[Dabz]

I didn’t realise the corporation tax breaks also applied to ex-demo vehicles. That’s very handy to know

 

[Ronglos]

If you have a perfectly functional Taycan, love it, have it detailed inside and out by experts every six months, and drive it like a new car until a major technological change replaced it (Active Ride comes close).

Clean it yourself.

 

[senwar]

When I traded my 6 month old CT4 in May, I was quoted 50k on WBAC and 54k on Motorway. I got 70k trade price from
Hatfield.

If you’re interested, I’d genuinely be asking what they will give you. I was stunned at the difference they offered me

 

[Edinburger]

This is still knawing away at me…
Here is the car that I am considering:

https://finder.porsche.com/gb/en-GB...sition=Guildford,51.23622,-0.570409,50&page=3

Been for sale for a while. The Carrera white wouldn’t have been my first choice, but I like the look. Good wheels. burmester and reasonable spec (other than lack of RWS).

I might call them on Monday to see what might be possible….

 

[bxwatso]

I suggest you do what I did.....

Take your current car in for service/warranty work and get a base Macan as a loaner for a week.

When they hand back your current car, it will feel like the fastest, most amazing, futuristic driving machine.
I feel like I am now in a 2030 Turbo S and mine is only a 2021 RWD.
?

Joking aside, that base Macan was painfully slow and outdated. It shocked me how poor it felt coming from my Taycan.

A base Macan with base suspension should not be allowed to have a Porsche badge. It feels like a Subaru (that is bad, BTW).

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