Redhot2474
Well-Known Member
- First Name
- Marc
- Joined
- Aug 27, 2022
- Threads
- 48
- Messages
- 508
- Reaction score
- 718
- Location
- Shelton CT
- Vehicles
- Taycan GTS
- Thread starter
- #1
Hoping this might help some people who are looking to buy …
So, depreciation keeps coming up in conversation. It’s fair to say Taycan has a sharp depreciation curve. Let’s reverse engineer this for a second. How many would buy again knowing what they know now? And how many would have bought used? I’ll go first, I sold my 4 year old Tesla at tail end of Covid for exactly what I paid for it 4 years prior (50k). I have a 2023 GTS I bought for 151k plus I got the 7500 rebate. I took that 50k out of Tesla, put it in Money Market yielding 5+% and took out a 84 month loan at 3.8% from my local credit union. Today that Tesla would have been worth 20k or less. So, I’m probably net neutral have a much cooler new car and I’d absolutely do it all over again. I can’t say I would have bought used then (market was 30k over sticker), with no inventory BUT if I had to buy now I’d 100% buy preowned. There’s nothing I’d want besides the Taycan - it’s phenomenal and will be for many years to come. I plan on keeping it 5+ years. Fingers crossed, one year car has been absolutely rock solid.
So, depreciation keeps coming up in conversation. It’s fair to say Taycan has a sharp depreciation curve. Let’s reverse engineer this for a second. How many would buy again knowing what they know now? And how many would have bought used? I’ll go first, I sold my 4 year old Tesla at tail end of Covid for exactly what I paid for it 4 years prior (50k). I have a 2023 GTS I bought for 151k plus I got the 7500 rebate. I took that 50k out of Tesla, put it in Money Market yielding 5+% and took out a 84 month loan at 3.8% from my local credit union. Today that Tesla would have been worth 20k or less. So, I’m probably net neutral have a much cooler new car and I’d absolutely do it all over again. I can’t say I would have bought used then (market was 30k over sticker), with no inventory BUT if I had to buy now I’d 100% buy preowned. There’s nothing I’d want besides the Taycan - it’s phenomenal and will be for many years to come. I plan on keeping it 5+ years. Fingers crossed, one year car has been absolutely rock solid.
Sponsored