Taycan options that will help with resale value

[Cluon80]

If you buy a 4S (as I did myself), you should primarily worry about what you really like as options rather than about resale/depreciation/return-on-investment IMHO. However, if you would like to hit the highest resale value over initial price ratio, then you should go easy on the options and focus on those options that really make a difference. The number one such option is the bigger battery. Among your list, RWS and Bose sound seem to good resale value choices too. The other options seem to be more personal preference than investment optimization. Of course, I am not familiar with local cultural must-have's such as the headcrest. Do Koreans prefer a panoramic roof over a solid closed one?

The pano roof is standard, unfortunately/fortunately.
I was hoping to choose the Variable Light control roof as i think the sun glare would be annoying at times and putting a huge sun film inside the roof of a USD100K++ car doesn't go with the essence of of the Porsche.... but its not an option for the 2022 Taycans in KR.

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[Cluon80]

You're right. If i enjoy the options for how ever long i own the car, then i will just call it the sunk cost in buying my 1st Porsche. Was hoping i can setup a win-"don't lose too much" situation since i knowI will part with the car for the latest EV 5-8yrs from now as the battery warranty expires.

Kinda jealous when i see 3-4 yr old 911s selling for more than a brand new 911 in South korea because the wait is 1.5 -2yrs. I wonder if that will every happen to a Taycan...

 

[Cluon80]

Personally I strongly dislike glossy carbon fibre decorative panels.
I have been designing structural parts with carbon fibre for over 40 years and have never seen it as a cosmetic item, and good quality strong structural carbon fibre isn't glossy because of its correct resin percentage.
I don't think it adds anything to resale value.

OTOH you need to enjoy the car yourself so why not just get what you want and enjoy it?
My spec is entirely for me and has surprised the dealer, but I am not going to get things I don't want on my car for the benefit of somebody else, or choose an easy to sell colour combination If it bores me rigid.

I see. Do u mean for internal or external parts?

I do think the carbon fiber lip looks cool on black. See screen shot below from a youtube clip.

but i would be just as happy with the normal turbo lip. Once I saw the turbo lip, i found it hard to move back to the regular 4S lip. =(

 

[Cluon80]

It is a case of head versus hear…. with uncertainty thrown in:

Head: Two ‘principles’ apply: 1. The more you spend, the more you lose. (There are exceptions to this in the world of Porsche - but as a going-in assumptions this principle seems reasonable.) 2. The closer to the basic spec, the lower the depreciation. So, it is better to buy the next model up than to add the options that make a more basic model equivalent to the next model up.

Heart: Most people on this forum say that you should spec the car for you rather than for the next owner. In general I think this is a reasonable approach. That said, my last Porsche was a Carrera T with a set of options on a shop-floor car which made the car ‘just right’ in ways which I could never have envisaged in a month playing with the configurator! Note that if you spec something that is too ‘out there’ then the range of potential buyers shrinks.

Uncertainty: Take Performance Battery Plus as an example: ‘Do you want your car to be 100kg heavier?’ …no thanks. Do you want to have more range? …of course! What is the practical benefit of longer range, and would you spend $12k to get it (which is the price in Australia)? …some are happy to do so, others not so.

Thanks for the advice!

I'm leaning towards getting the Turbo, lookin at the options i have. GTS looks good but need to wait much longer.... Well a few more weeks of playing with the configurator till i make the call.

 

[f1eng]

I see. Do u mean for internal or external parts?

I do think the carbon fiber lip looks cool on black. See screen shot below from a youtube clip.

but i would be just as happy with the normal turbo lip. Once I saw the turbo lip, i found it hard to move back to the regular 4S lip. =(

I personally wouldn't have shiny carbon fibre cosmetic parts anywhere they are not better and are expensive.
If the tailgate was carbon fibre, or any other load bearing part, in order to save weight whilst being strong I would be delighted, but shiny cosmetic bits are not for me.

I am not that bothered by the exterior look (I am old and not trying to impress anybody) I make the interior a nice place for me to see and be since that is the main thing for me.

 

[DrT]

Options will make it easier to sell in the future, but you should count a 0€ residual value on options. Pick neutral colors (exterior/interior) to make it sell easier.

 

[ChalkTaycan]

If you care about resale, get as few options as possible. The options depreciate at a higher rate than the car itself. Put the saving in the stock market and you will very likely be earning money on those depreciated options.

 

[Skilly]

FWIW, I have been helping a friend of mine snatch a few of these up across the nation - we are in California and its still making sense to pull them from other parts of the country to here because the market exceeds demand. Do it right and you can move one of these from Iowa or Minnesota and sell it in California pocketing $10K to $15K.

I've been doing this for about 3 months and have been able to source 4 for him with healthy margin. What I can tell you is that the well optioned cars go in a matter of days if they are priced similarly to others less optioned. Seems simple enough; however, as these cars pop up and get snatched the others sit. I have seen several in all version categories that have been available for the entire time I have been searching. Turbo S will sit the longest and have the biggest spread; as they lower in value, it puts downward pressure on the Turbos. When I bought the 4S was the goldilocks, but it's much harder to find a good deal with these today. And, in North America 95% of the "deals" turn out to be buy backs...there are a LOT of those.

What seems to be a common theme amongst all that sit (aside from the buybacks) are that they are missing key options - primarily sport chrono and the performance battery (for the 4S). If these are missing, those cars are the last to go. PSCBs (for the 4s) also seem to move much quicker too.

Supply chain is going to be an issue out past 22 and into 23, but my guess is that with that there will be a counter to the current state in 23 that will have costs cascading downward. Selling in that timeframe will be easy and minimal if any downside.

Come 23, I don't think anyone is going to escape heavy depreciation.

 

[Vim Schrotnock]

If you're going to spend well north of $100K on a car I have to agree that you should spec the car EXACTLY the way you want it. Options are basically worth nothing after 3-4 years, and as a previous poster said, if you are really concerned about getting the minimum depreciation, just don't order any options. If you have the money for a number of options, I'd seriously consider trading up from a 4S to a Turbo. For sure a highly optioned 4S will depreciate quicker than a lightly optioned Turbo.

Just don't get some nutball 'paint to sample' scheme or something that nobody will buy and you'll be fine...

 

[whitex]

Love to hear all your thoughts on what can help with resale / reduce the depreciation. Thanks!

This is a very open ended question, which has different answers based on what you actually want to achieve. For example:

1. I want the raise the car's resale price (you want to have the most expensive used car). Answer: buy the most expensive car you can. Almost every option adds something, even if very little, to resale value. The only exceptions are very personalized options, like engraving your name on the car or choosing some really unique paint-to-sample color.
2. I want to minimize the the total depreciation amount (i.e. total cost of ownership, not a percentage). Buy the base Taycan with no options, not even color since white and black cars are most popular in general, therefore have the larger resale market. It will lose you the least money when you sell it used.
3. I want to minimize the depreciation percentage - buy base trim (4S or Turbo) with no options (not even color). As stated by a few already, all options depreciate much faster than the base trim. So in your case, no-options Turbo will depreciate less percent of its value than a fully loaded 4S.

All that said, I would echo the sentiments from folks like @Jhenson29 and @Vim Schrotnock - it's not an investment, it's an entertainment expense. Buy the car which will give you most enjoyment, within your means of course (having to pay for a car you cannot afford really reduces enjoyment).

 

[XLR82XS]

1. Performance Battery Plus - needed for range + power
6. Porsche headcrest in front and rear - was told that all Koreans want this in their porsche.
7. Bose - best value sound option
8. Sport Seats - i found them more comfortable than the standard comfort seats.

Love to hear all your thoughts on what can help with resale / reduce the depreciation. Thanks!

Get you want - life is short. That said, the above options would be something I would look for in the pre-owned market. As Hagerty states, color is the number one factor in resale.

 

[Scotty]

Hi Friends,

I've just placed my order for a Taycan 4s for daily drive (no track usage) and have been playing around with the options.

Currently, from what I've done so far, I'm already at USD40K (KRW48M -I'm live in Seoul, South Korea) in options.- which is almost at the base model of a Taycan Turbo. Gett

Here's my build:
http://www.porsche-code.com/PNCPA7Z1

I wonder which of the options I have would be good to help with resale. I'm concerned that this being a 1st gen Taycan, depreciation will be pretty high after 3-5 years. My guess is that those items that extend range, maneuverability, comfort and exterior/interior aesthetics will be good. Thus, the key options i had were:

1. Performance Battery Plus - needed for range + power
2. RWS - better maneuverability
3. Sport Design Carbon fiber - I think the full aero look of the Turbo looks much better and to get that on a 4S, you need to order the carbon fiber package. Ordering the standard Sport Design package doesn't give you the front lower lip part.
4. Mission e-wheels - Classic Taycan EV look (forced to get the PSCB - planning to paint that yellow aftermarket). Read that they can be somewhat hard to maintain (rock chips etc) so need to ensure they are well protected upon receiving the car. Keep look in silver as i think the contrast makes it look more outstanding vs the black stealth look.
5. Carbon interior / Darksilver Neodyme: Since i'm going carbon outside, i figured i should follow thru interior as well to match it and keep it sporty, and darksilver accents brighten the standard partial leather interior.
6. Porsche headcrest in front and rear - was told that all Koreans want this in their porsche.
7. Bose - best value sound option
8. Sport Seats - i found them more comfortable than the standard comfort seats.

Love to hear all your thoughts on what can help with resale / reduce the depreciation. Thanks!

I really like all the options you choose. The battery size is rhe only item that will enhance resale. However like others have stated car resell is determined by supply and demand more than options. What i wonder after 8 years the batteries have to be replace so the value of the car lessens each year as you reach end of life pf the batteries. Never buy options thinking they enhance. Resale. Order what you like amd dont worry about resale. You should be more concerned what a north korean invasion will do to your cars value

 

[andix]

Might depend on country.

Here, used car buyers want the extras that differentiate a Porsche from cheaper cars. That said, most don't understand high-tech features (PDCC…).

In other words, all show-off stuff:

* full leather
* sun roof
* sport sound/ exhaust
* matrix light
* seat ventilation/ cooling
* …


Everything that can be retro-fit is less critical (e.g., big rims).
Super expensive stuff (PCCB, Burmester) won't pay off. Bose, PSCB are very good, anyways.

 

[Ruthi]

Are you buying it to use and love the features while you have it or for resale ? I have built 4 of these now and definately mission E wheel, with same body colour and upgraded brakes - 14 way seats - as you are in Korea heated seats a must and heated steering wheel. Bigger battery I have it but it only give you an additional 20-25 miles as the power uses up more and spits out less miles than you think. Pano roof mine came standard in the first 3. I always create my own premium package as I dont like the car to control me and add the other features individually. Head rest crests - no one sees them. I like the black trim around the windows and the Taycan 4S or whatever on the back in Black. I also have over $40k in upgrades but I dont want the Turbo as you would add to that too and the insurance will go up. I just sold #3 and made $15k profit - cars are in short supply right now. When you go to sell yours all those fancy finishes just put the price up others dont necessarily need cosmetics and would find one for less money in addition there will be a newer model - dont hang on to them so long and check out the new GTS too.

 

[SeattleYates]

I was on a plane sitting next to a Costco exec a few years ago, and was discussing how I go into Costco to buy batteries, and come out having spent $500. I suggested that their motto should be: "You could go broke saving money at Costco." He said they prefer "The more you spend, the more you save..." but I still think mine was on the mark.

In this context, a Porsche exec might say, "The more you spend on Taycan options, the more your resale value will be." Perhaps true, but I would reply, "You could go broke trying to buy options that'll increase a Taycan's resale value."

With very few exceptions (e.g., the big battery), you'll never get what you paid back out of extra options on resale, so just order the ones that will really enhance your enjoyment of the car. For me, that included Mission E wheels (I was hooked on them since the first time I saw the Mission E concept), but I have no illusions about getting their cost back upon resale. Since I'm going to eat a bunch of depreciation regardless, I ordered options that'll help me enjoy the hell out of that depreciation...

BTW, I think your build looks fabulous! ?

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