"Porsche’s EV Gamble: The Taycan Depreciation Crisis - Explained" - video

[DerekS]

I’ve always held the opinion that if you have to worry about resale, you can’t afford the car. I literally drive my cars into the ground so resale is not a thing for me.

I paid cash. I can afford it.
It doesn’t mean I want it to be worth 20k when I trade it on a new car.

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[Dee]

I paid cash. I can afford it.
It doesn’t mean I want it to be worth 20k when I trade it on a new car.

If you don't want to lose money you shouldn't have bought it in the first place.
It's just funny that people focus on money instead of pleasure, the main reason one should buy a car in the first place imho.

 

[KLHubb]

I leased a 2020 4S in 2020, and bought it when the lease was up in 2023.
I have had absolutely no problems save those of my own making.
I love it and I divide my time between a '09 997.2 and a '12 Cayenne.
I traded a Cayman for the 997.2 and a Panamera for the Taycan 4S.
These vehicles have been a pure pleasure to own, and I look forward to buying a 718E as soon as it's available.
Suffice it to say, depreciation is not a concern for me, residual values have been acceptable.

 

[jk981]

I don't get how this is a surprise to anyone buying an EV. EV technology is moving at a pace where the newer cars will be hands down better than the older ones, with few drawbacks.

ICE cars instead are growing more onerous to own and maintain, with increasingly complex electrical and software systems. There's always a reason to want to own an older ICE vehicle, NA vs turbo, less nannies, less weight, ease of maintenance, etc.

Once we see a generational change in battery chemistry, it'll make the depreciation even worse. Doesn't make the Taycan a bad car, just less good if you plan on flipping it every 2-5 years.

 

[KLHubb]

Agreed....I have bought my last ICE vehicle.
EV's are quieter, cleaner, and arguably more economical.

 

[jakeCT]

"Depreciation Crisis" ... at the end of the video "If this video gets 40,000 likes, I will buy the cheapest Taycan Cross Turismo available on the web"

 

[BjörnfromHamburg]

I bought my Turbos S at a phenomenal 44% MSRP with 22 months and 13 kmiles.
Depreciation played into my pocket big-time.
That's the other side of the story.
I love this car and would've bought it more expensive, too.
Now this deal "allows" me a 911T on top for even more fun.
And that's exactly why I'm driving these cars.
My "last suit won't have any pockets to put money in" (a saying in Germany).

Guys, drive without remorse and weigh your money in fun!

 

[whitex]

Everything else plummets, and with the exception of the Covid years, always has.

While Covid was an exception, you could sell most 2 year old cars at or above MSRP, including Taycans, some people accepted the situation as the new "normal", but only as far as trade-in prices go, not jacked purchase prices or availability.

My biggest surprise is how people think the current Taycan depreciation is huge. I've been buying cars for decades, ~50% lease residuals after 36-40 months is what I always considered normal for most high end cars (while I rarely leased, I always checked lease residuals for cars I bought). Perhaps Covid also reset those expectations. Or, maybe people never realized that is how it always has been, until the age of media hyping it up? Plenty of things out there which are normal which the media spins into sensational clickbait headlines, convincing some people that the sky is falling.

 

[BjörnfromHamburg]

COVID and the corresponding supply-problems had me sell a 3 y/o Model X P100D in 2022 with 50 kmiles (no flawless history) for 66% msrp to a dealer, which was mad.

 

[whitex]

COVID and the corresponding supply-problems had me sell a 3 y/o Model X P100D in 2022 with 50 kmiles (no flawless history) for 66% msrp to a dealer, which was mad.

I paid MSRP for a 2 year old Corolla with 4k miles on it, because I needed to get one and couldn't wait.

 

[bjsc1100]

Could be worse though:
https://cars.usnews.com/cars-trucks/advice/cars-with-the-fastest-depreciation?slide=18

Those are all 2022 cars, ALL Tesla models have 50+% depreciation!
Taycan isn't even in that list.
Count your blessings and regret selling your Taycan.
I'm not.

yup. here's 2 year depreciation for "mid tier" luxury (perplexity). as a class, EV's have their own depreciation rate.

Model	2-Year Depreciation (%)	Estimated Dollar Loss	Original MSRP Range
BMW i7	76.2%	$80,570	$105,700+
BMW i5	73.1%	$49,028	$70,100
Mercedes EQS Sedan	72.5%	$75,667	$104,400+
Audi e-tron GT	71.4%	$105,048	$147,100
Tesla Model S	71.0%	$62,856	$88,880+
Mercedes EQE	69.4%	$51,959	$77,900
BMW i4	66.8%	$35,274	$52,800
Lucid Air	63.0%	$63,000-$85,000	$100,000-$135,000
Mercedes EQS SUV	60.6%	$56,200-$60,600	$104,400+
Porsche Taycan	60.1%	$59,691	$103,800

 

[ferdiaz]

Depreciation is a good thing. That's how I will be able to afford a CT Turbo S.

 

[DerekS]

Depreciation is a good thing. That's how I will be able to afford a CT Turbo S.

Great for buyers for sure!

 

[Jonathan S.]

I’ve always held the opinion that if you have to worry about resale, you can’t afford the car. I literally drive my cars into the ground so resale is not a thing for me.

Agreed!
Although I hope you mean figuratively?

 

[snstevens]

PS> I think age can have something to do with it too. Certain things are just more enjoyable at certain ages. While I loved the custom 911C4 I ordered in my later 20's, and thought it was the best driving car I've ever owned, it still didn't overshadow when I bought a used Toyota MR2 when I was 17. I only owned the MR2 for 10 months because the insurance was killing my budget (I spent more than half the money I made on insurance, nearly clean driving record, but a teenage male in a 2 seater sports car), but it's still the funnest ~25K miles I did in my life. I am older now, I love driving the Taycan today, but it still doesn't give me as much pleasure as the 911 did in my 20's or the MR2 in my teens. I don't think there exists a car that could.

@whitex -- Just want to say "Thanks!" for sharing some of your personal driving story. I find your journey from a Toyota MR2 to a Porsche 911C4 to the later cars mirrors part of my journey. My first car was a Triumph TR250. God I loved that car - 4 speeds, huge tires, convertible, dances on ice (not in a good way), but what fun to drive. There were a number of sensible family cars after that (but stick shift), leading up to a Honda S2000 in my 50's (loved that car - no torque but 9000 rpm). Now I'm driving a Taycan 4s, and man I feel like I've found the perfect driving machine. I still miss the stick, and if I had room in the garage I'd love to scratch that itch.

Notice that nowhere in this discussion have I mentioned depreciation

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