Need Advice on Purchasing 2023 CPO vs 2025

[DragonMD007]

New to the forum. Long time EV driver since 2018 Model 3 performance. Looking to make the step up. To the Taycan as always admired the looks of it and more exclusivity of a Tesla. Found a demo 2023 Taycan Turbo loaded with 200 miles and CPO. SEE BUILD Sheet. Never leased before. Was thinking about leasing then buying out quickly to get the $7500 credit or if don’t like it continue the lease at $1711 per month with 5k down and 24 months. Is this good deal? Also torn about 2025. Don’t mind headlights but the mission e rims was a must for me and the new ones look hideous so pushing me to first gen.

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[SergeyIndy]

Welcome to the forum. This one is really well optioned with all performance and technology packages checked along with the right cosmetic touches. This example also has some items no longer available on the 2025 such as E-Mission original look wheels and exterior color Carrara White, making it somewhat exclusive on the look side vs. new models. I cannot comment on the pricing, besides looking at what similar examples list for, but I would jump all over this one given packaging, looks, CPO, etc.

 

[DragonMD007]

Thank you for warm welcome. Looks like your build is similar to this. Wish this one had the painted matching exterior wheels though. If you don’t mind me asking, what price did you get yours at since similar.

 

[SergeyIndy]

I bought it at full price, new, configured exactly how I wanted after waiting a year for it:
- Ordered May 2022
- Allocation given January 2023
- Delivered June 2023
- 10k miles now and just pure joy
- Prefer original look of exterior and interior to 2025
- You can read my comparison to 2025 equivalent with pros/cons
- Considering Redshift performance upgrade after learning more from Turbo owners who have it

The wheel painted elements can be easily painted to match exterior like an OEM matched wheel would, so this would not be a deal breaker for me, also you may like the Brilliant Silver look of the wheels on the Carrara, give it a chance, since I think it goes well with exposed rotors that get mirror like silver.

 

[Vfr750Rouge]

in current Taycan used market, wondering why buying new? to loose day 1 after purchase >40% of its value!. I will keep my the all 8 years of battery warranty may be bit more and then will go CPO unless market is drastically changing. Love the car doubt the market will change.

 

[chun]

I think you can find better deals if you're looking to lease.

A 2021 turbo s in switzerland goes for 95.000 chf. A 2020 goes for 85-90.000. Also full spec, MSRP of over 230.000

In my mind the differences between 2020 and 2024 model are too insignificant to justify the price difference.

Now... 2025 definitely offers some upgrades, and you can always spec it with winter wheels and buy 2nd hand original mission E wheels. The 100km of extra range is definitely nice, faster and better UI too, and extra power (not that you would ever need it on normal roads).

I would for sure only lease a 2025, as buying it would result in 40-50% value gone once you drive it off the lot.

For 2020-2021 models, leasing is also best choice for most people, but buying it right now might also not be bad, as they already took the big chunk of depreciation, so at most you would lose 10-20k over the next 2-4 years (my opinion).

And I would definitely not pay the almost 2x price for a 2023 model; when there are 0 difference from a 2021 model, and barely any from 2020 model (which you can pay to install anyway after the fact, as I have).

 

[Paint_To_Sample]

Really depends on how much money you are willing to throw away. If you are financially prudent, the logical approach would be to wait a year and buy a lightly used 2025. With the amount of depreciation these cars are experiencing, buying new is a pretty tough proposition. If you have to have the shiniest new toy with the best performance and you wont miss an additional $40k…then go for the 2025.

The gen .2 improvements are massive in terms of range and performance (eg, increased base HP AND push to pass available on-demand in gen .2 vs only when using launch control in gen .1). That being said, if you are not risk averse, you can buy the gen .1 and add the Redshift tune which will unlock the full ~800hp potential of the gen .1

The new wheels is a silly thing to base any part of your decision on. If you like the old ones more, buy a used pair online and swap them onto the 2025, then sell them if/when you move on to a different car. I bet you won’t lose more than $1500.

 

[irrelevant]

I wonder why rent a 2023 for $46k for two years, when I could buy a 2020 Turbo well optioned with low miles for $70k?

 

[whitex]

In my mind the differences between 2020 and 2024 model are too insignificant to justify the price difference.

Most of the price difference between 2020 and 2024 is its age (as much as 4x difference in age). Typically 4 year old car is worth half the new car money or less, even if the new and the old are speced identically.

 

[DragonMD007]

Sorry. Failed to mention plan to pay certain number of payments then buy it out cash to get the 7500 credit so the car price will be $123,500.
I have been searching for sometime and have not come across a 2020 turbo with low miles in 70k unless a lemon buyback. Just starting to hit low 80s and those are non CPO with warranty over. Don’t trust the 2020 year without some warranty. Also value that the battery is 3 years newer as I’ve seen with my Tesla the battery degrade over the years had it. I figure also hope most of the depreciation hit is taken by the discount of $67,500 off the MSRP $190k which is about 35%

I wonder why rent a 2023 for $46k for two years, when I could buy a 2020 Turbo well optioned with low miles for $70k?

 

[seattlefox]

Very nice spec - similar to what I chose for my GTS. Would you consider the purchase option instead of a lease? May try to negotiate 35% off MSRP.

 

[whitex]

@DragonMD007 , is the car never sold, therefore qualifies for the $7,500 credit? AFAIK, an actual, previously owned CPO would not qualify for the $7,500 credit.

The build you posted is the closest spec to my car (very close, except mine is a Cross Turismo) I saw to date, so I might be a bit biased, but a brand new (200 miles) 2023 with extended warranty (via CPO) seems like a good price at $123,500. The lease+immediate buyout will reduce your savings by a bit (lease initiation fee, interest on couple of weeks or however long it takes to process before you can get and execute a payout - I did it last year with an Audi eTron, costed me ~$1,000, so still captured ~$6,500). If my dealer was to offer me today $117K ($125.5 - $6.5) trade-in towards a brand new 2025 Turbo CT, I would not do it - I don't see anywhere near the benefit from a 2025 for the extra money.

 

[UKPerson]

I’m in UK but have a very similar spec car (Nov 22, MY 23). You will not need any more power. Push to Pass sounds great but when you press the throttle on a normal road you will be in highly illegal speed territory very, very quickly - with or without PtP.

 

[whitex]

I’m in UK but have a very similar spec car (Nov 22, MY 23). You will not need any more power. Push to Pass sounds great but when you press the throttle on a normal road you will be in highly illegal speed territory very, very quickly - with or without PtP.

If you must have it, a 3rd party upgrade like the one from Redshift will give you access to overboost any time the accelerator is pushed hard (no need to press a push-to-pass button), and it's is way less expensive than upgrading to a 2025 model year.

 

[irrelevant]

Sorry. Failed to mention plan to pay certain number of payments then buy it out cash to get the 7500 credit so the car price will be $123,500.
I have been searching for sometime and have not come across a 2020 turbo with low miles in 70k unless a lemon buyback. Just starting to hit low 80s and those are non CPO with warranty over. Don’t trust the 2020 year without some warranty. Also value that the battery is 3 years newer as I’ve seen with my Tesla the battery degrade over the years had it. I figure also hope most of the depreciation hit is taken by the discount of $67,500 off the MSRP $190k which is about 35%

Thanks for sharing more information. I think you're still looking at another 50% depreciation in two years, on a 2023 with a starting price of $123k. In any event you'll do better that we have/will...paying MSRP for a 2023 early last year.

One can fix a lot of stuff on a used Taycan for a $60k price difference...I'm not super enthusiastic about effectively paying $60k for a warranty.

While the Taycans have only been on the road for four years now, I doubt they'll see the level of battery degradation Teslas have. There's a 180º difference in philosophy between the two companies. One underpromises and overdelivers, and the other...well....

https://www.theguardian.com/technol...g-car-elon-musk-tech-predictions-tesla-google

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