Mind-blowing values/depreciation

[gatorfast]

While depreciation is a valid concern for those buying new or near new, it is actually what drew me in as someone who generally only buys preowned cars. Got mine a month ago, 2021 model with 3 years of warranty/CPO remaining and 50% off original MSRP... I know it will lose more value as all cars do but at some point there is a floor for a modern Porsche. CPO prices on 2-3 year old Taycans are extremely attractive and offer incredible value for the money.

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[Bognar67]

Love my Taycan. Loved my 911 C4 as well, maybe a little bit more.

If a person does not need rear seats 911 is a clear winner. 30-40k more value being 1-2-3-4-any years old with similar milage.
Tax and running cost advantages (electric) not able to compensate the depreciation Taycan/911 so far.
If things continue like this ICE will come back (already coming back) with strong impulse in this segment.
I came from a 911 to Taycan. Will keep the car longer to compensate the serious fall of value but no way next time (against a 911).

Prospectively the next gen (994.1) 911 will be a turbo hybrid like the 992.2 GTS but still more emotion and very low depreciation next to high level of daily driving ability is unbeatable in my case who don't need second row seats.

911 to 911 is 20-30k investment cost, Taycan to Taycan is 60-70k investment cost ??‍.

 

[Bennachie]

Investment?; no, you mean expenditure They are modern cars - albeit future cassics

 

[Bognar67]

Investment?; no, you mean expenditure They are modern cars - albeit future cassics

My bad English... Need to speak 2-3 foreign languages this part of the world to be able to be in Porsche life. English is my 3rd one.
Lucky you to laugh at me.

 

[Bennachie]

Very much a friendly laugh Bognar, I don't speak Hungarian! Your English is not that bad. ?

 

[whitex]

Love my Taycan. Loved my 911 C4 as well, maybe a little bit more.

If a person does not need rear seats 911 is a clear winner. 30-40k more value being 1-2-3-4-any years old with similar milage.
Tax and running cost advantages (electric) not able to compensate the depreciation Taycan/911 so far.
If things continue like this ICE will come back (already coming back) with strong impulse in this segment.
I came from a 911 to Taycan. Will keep the car longer to compensate the serious fall of value but no way next time (against a 911).

Prospectively the next gen (994.1) 911 will be a turbo hybrid like the 992.2 GTS but still more emotion and very low depreciation next to high level of daily driving ability is unbeatable in my case who don't need second row seats.

911 to 911 is 20-30k investment cost, Taycan to Taycan is 60-70k investment cost ??‍.

It looks like you got a 2022 Taycan, therefore I presume you swapped from 911C4 to Taycan in 2021/2022. This was a peak of used car values (used 2020/2021 Taycans were traded in with near zero depreciation during those years). I had a brand new 911C4 in 2001, it lost over 50% of its value in 2 years, so no less depreciation that the Taycan. The only Porsches which don't depreciate as fast are the limited editions like 911 GT3 RS, but that's because they sell at 50% over MSRP new on the open market, so you're starting at much higher value (yes some people get one at MSRP, but those are VIP customers who have bought hundred of thousands if not millions of dollars worth of regular, depreciating 911, Taycan, Macan, Cayenne, Panamera).

 

[Bognar67]

It looks like you got a 2022 Taycan, therefore I presume you swapped from 911C4 to Taycan in 2021/2022. This was a peak of used car values (used 2020/2021 Taycans were traded in with near zero depreciation during those years). I had a brand new 911C4 in 2001, it lost over 50% of its value in 2 years, so no less depreciation that the Taycan. The only Porsche's which don't depreciate as fast as the limited edition like 911 GT3 RS, but that's because they sell at 50% over MSRP new (yes some people get one at MSRP, but those are people who have bought hundred of thousands if not millions of dollars worth of regular, depreciating 911, Taycan, Macan, Cayenne, Panamera).

Well, I am looking the current market not back.
Market value (mobile.de) of a 2022 Taycan GTS (50k km) is EUR80k.
Market value of a 2022 911 Carrera (50k km) is EUR110k.

*Comparing Taycan GTS/991 Carrera because 2022 new MSRP prices ca. EUR155k both as a starting point.
**German prices incl. 19% VAT where I belong to.
*** I have an allocation with production slot (April) for a GT3 on MSRP although I bought only 2 Porsches before. OK it is not an RS but sells around the original MSRP more or less independently how old is the car. In the 1st 0-3 years above, of course.

 

[whitex]

Well, I am looking the current market not back.
Market value (mobile.de) of a 2022 Taycan GTS (50k km) is EUR80k.
Market value of a 2022 911 Carrera (50k km) is EUR110k.

*Comparing Taycan GTS/991 Carrera because 2022 new MSRP prices ca. EUR155k both as a starting point.
**German prices incl. 19% VAT where I belong to.
*** I have an allocation with production slot (April) for a GT3 on MSRP although I bought only 2 Porsches before. OK it is not an RS but sells around the original MSRP more or less independently how old is the car. In the 1st 0-3 years above, of course.

4 door luxury cars will depreciate more than 2 door sport cars, so you cannot necessarily directly compare them. Perhaps a better comparison would be Taycan vs. Panemera.

 

[EGGY41]

Personally I'm loving the depreciation as it's allowing me to consider buying a car I'd otherwise not.

Surely all of this has been done many times on here and many other forums? If you are worried about depreciation stick your money in an index tracker and look at your spreadsheet. If you enjoy cars for purposes other than shuttling around then your hobby will cost you some money, you can easily pick your pain point and still have plenty of fun.

I'm approaching retirement and have always hankered after a sporty/GT/estate to toddle around Europe watching bike races and visiting the outlaws in Italy. As a (poor) club cyclist I would (until recently) spend a good few hours a week riding into London and back for training. If you are unsure about the impact of driving ICE, riding down the side of the A13 at 6:30am will I'm sure convince you otherwise So in 2017 I bought my first EV and will not now buy another ICE car. It's early days, the tech will improve, the cost of production will drop, this will impact existing cars. I have accepted that as a price I'm paying to do what I feel is a positive thing. I know that's a whole other debate and for many people that is not their motivation to buy an EV, let alone a Taycan, but it is a factor in depreciation.

This will be my 3rd Porsche. I've not so far had a great experience with the "stealers", when I sold my Cayman I achieved 50% more by selling to an independent specialists than to the OPC. They are businesses, independent of Porsche, they'll pull your pants down.

I intend to get out and enjoy driving the thing, go to some places and do some things I'll remember. Could I do that in a car that would cost me half as much ? Of course, but I'm sure it will be a bit special in a Taycan.

Enjoy your cars, try not to worry about the money, if you're not comfortable with the depreciation, don't commit. I'm sure other great cars will come along, personally my clock is ticking, I better get on with it.

p.s. @f1eng I noticed in a recent YouTube video that James Vowles was driving a gentian blue Taycan coupe.

 

[Bognar67]

4 door luxury cars will depreciate more than 2 door sport cars, so you cannot necessarily directly compare them. Perhaps a better comparison would be Taycan vs. Panemera.

The reason why I compared to a 911 is clearly in my post.
There is nothing new “ 4 door luxury cars will depreciate more than 2 door sport cars”.
Panamera depreciates also much less than Taycan. But it is not new. Everything depreciates less than Taycan.
Still love Taycan (look, handling, quality, engineering) but hate how valueless (and unreliable) it is.

 

[whitex]

The reason why I compared to a 911 is clearly in my post.
There is nothing new “ 4 door luxury cars will depreciate more than 2 door sport cars”.

My point might not have been very clear, it was that solid BEVs depreciate similar to ICE cars, at least in the first 4-5 years. Longer term data is primarily from Tesla, so not indicative - for example a couple of years ago I managed to sell (to a dealer, not buying a car from them) an 8 year old Tesla Model S for ~33% of MRSP. Considering the fact that I got about 18% off MSRP in tax incentives when I bought it new, Model S depreciated ~60% in 8 years for me - not bad. I could have captured another 3.3% in a sales tax credit if I was buying a new car from that same dealer (which I did not), which would have further reduced the depreciation.

 

[Bognar67]

My point might not have been very clear, it was that solid BEVs depreciate similar to ICE cars, at least in the first 4-5 years. Longer term data is primarily from Tesla, so not indicative - for example a couple of years ago I managed to sell (to a dealer, not buying a car from them) an 8 year old Tesla Model S for ~33% of MRSP. Considering the fact that I got about 18% off MSRP in tax incentives when I bought it new, Model S depreciated ~60% in 8 years for me - not bad. I could have captured another 3.3% in a sales tax credit if I was buying a new car from that same dealer (which I did not), which would have further reduced the depreciation.

I understand all the point, and also understand car is not an investment etc. The point is the level of the depreciation. Also no question Taycan is a nice car, I have it, drive it ca. 20k km annual. I am not talking from outside, since I am a massive Taycan owner/user.

But tell me another car that depreciates more than Taycan at any age. This is the problem.

Sitting in the most depreciating car of the word is not comfy. There are many other mostly ICE alternatives these days price per value.

I also understand depreciation only hits when sell the car, but anything can happen that force to sell, so better to prepare to the hit.

 

[whitex]

But tell me an other car that depreciates more than Taycan at any age. This is the problem.

The above is from 2023.

Sitting in the most depreciating car of the word is not comfy.

Do you have a source with some data backing that there is no car in the world that depreciates faster than a Taycan? Have heard of Fisker Ocean for example?

 

[Bognar67]

The only reason why Taycan is not on the top of the list is no 5-years-old Taycan at the time (and now only a few) when the chart was created.

 

[Bognar67]

The above is from 2023.

Do you have a source with some data backing that there is no car in the world that depreciates faster than a Taycan? Have heard of Fisker Ocean for example?

No 5-years-old Taycan yet, especially not in 2023 ?.
Additionally many things are chanced since 2023.
Fisker is far not a mass produced car.

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