Sudden Massive Depreciation In Used Value

[BJCanadaMax]

Last year (2022) I chose to replace my fully loaded Taycan Turbo as it was less than a year away from the PCP contract ending. I asked what my trade in value would be and was offered £105,000 (25% depreciation over 2.5 years) by Porsche in Bristol, I was happy and ordered a new Porsche Turbo S.
Last week I recieved a build slot, not only had the price of the new car increased by over £8K, but the value of my car had plummeted to just £74K, almost 30% depreciation in 6 months! I was told the market was flooded with used Taycans. I cancelled the order and will stick with my old car for a few more years.

That's right. now when i see a Taycan, i suspect that they are used cars.

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[gnop1950]

How much did you get for the 18yo Acura? That’s less 6% a year depreciation unless you paid a bunch to dispose of it (negative tradein value). ?

$2500 Enough for my TIre and Wheel insurance and I made them throw in two Porsche T-Shirts

 

[pnw-ev-nerd]

Did all the old engineers retire and the current generation is more concerned about pronouns and political correctness over technological competence and designing reliable products?

lmao, what

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