Taycan re-sale issues

[RPSRPS]

I'm actually surprised with the number of you who bought their Taycan instead of leasing it. I mean the resale of any EV has been from start challenging as the 2nd hand market is nearly inexistant. The 8 year battery warranty currently determines the entire car lifecyle (while EV battery recon process is not widely spread) and depreciation is taking a major hit because any 2nd hand user considers this. Taycan is no different from other EV.

I leased a second hand MY22 Taycan 4S from Porsche dealership for that reason: I didn't want to deal with the resale issue. 1100€ montly lease with 18k downpayment seemed the sweet spot for me. In 2 years I'll be out for the same kind of deal for a MY25 Turbo. Meanwhile I enjoy driving this marvel of a car with no regret.

You really didn’t need to remind those of us who bought it?. Love the vehicle so guess I’m going to drive it for a few more years but I suspect it will be even more worthless with the pace of improvements in battery tech.

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[Murph7355]

You really didn’t need to remind those of us who bought it?. Love the vehicle so guess I’m going to drive it for a few more years but I suspect it will be even more worthless with the pace of improvements in battery tech.

If it still does what you need it to, then it's not "worthless".

Car buyers in general have to get beyond the "new shiny" mantra that car manufacturers pump out.

If we're all really into saving the planet, then much, much longer product cycles, and persuading buyers to hold onto cars for longer should be a primary objective.

 

[RPSRPS]

If it still does what you need it to, then it's not "worthless".

Car buyers in general have to get beyond the "new shiny" mantra that car manufacturers pump out.


If we're all really into saving the planet, then much, much longer product cycles, and persuading buyers to hold onto cars for longer should be a primary objective.

Worthless from a resale standpoint

 

[Murph7355]

True, but with a shortage of willing buyers, the prices should keep on dropping, no? Free market at work.

That's what is happening (as you note, per plenty of big sticker Saloon's).

Whether that's a "good thing" is debatable.

 

[Murph7355]

Worthless from a resale standpoint

Again, though, I'm not sure even that's true (taken literally). 50% of value after 2-3yrs or so.

The curve should then flatten over time and relatively quickly.

Am still of the view that Porsche screwed the pooch on this. Aston did similar in 2007 with the V8Vantage. They got their sums wrong, and it's entirely within their gift to fix it

 

[RPSRPS]

Again, though, I'm not sure even that's true (taken literally). 50% of value after 2-3yrs or so.

The curve should then flatten over time and relatively quickly.

Am still of the view that Porsche screwed the pooch on this. Aston did similar in 2007 with the V8Vantage. They got their sums wrong, and it's entirely within their gift to fix it

I hope you are correct. Doesn’t bother me too much as I am enjoying the car and I know it will have some value (despite my hyperbole), however, I do anticipate a concern of older batteries, Porsche costs to replace, not to mention the political BS surrounding electrics.

 

[ZenicaNC]

I'm actually surprised with the number of you who bought their Taycan instead of leasing it. I mean the resale of any EV has been from start challenging as the 2nd hand market is nearly inexistant. The 8 year battery warranty currently determines the entire car lifecyle (while EV battery recon process is not widely spread) and depreciation is taking a major hit because any 2nd hand user considers this. Taycan is no different from other EV.

I leased a second hand MY22 Taycan 4S from Porsche dealership for that reason: I didn't want to deal with the resale issue. 1100€ montly lease with 18k downpayment seemed the sweet spot for me. In 2 years I'll be out for the same kind of deal for a MY25 Turbo. Meanwhile I enjoy driving this marvel of a car with no regret.

I purchased my CPO for 88k with an MSRP of $180,110 optioned exactly as I wanted.

Car has 12k miles. Like new and saved me $5k by already being fully wrapped in PPF so in effect, given I was going to fully PPF the car, I paid $83k.

I bought a Fidelity Platinum warranty good for 7 yrs 100k miles with the matching wheel/glass/PDR coverage for $9800.

Now I’m up to $93k

The insurance is a statistically insignificant increase over what we paid for the BMW I privately sold for way more than dealer offered.

So $93k over 7 years is $13,286 a year or $1,107 a month. At the end of the Fidelity and factory battery coverage, I suspect the battery will fare as well as the Tesla model S. The 2012 first year Performance S sold for $88k and retails today at 12 years of age for $19k. By the time Taycans get that old, the car will have proven itself so my Turbo will probably have retained similar value as the S.

If I get $15k back, my “lease” drops to $928.

If I get lucky and the battery has to be replaced, I’ll end up keeping the car another 100k!!

This is of course a lot of speculation. For now, I thoroughly enjoy driving the car and try not to focus on what the Taycan next to me cost or is worth.

 

[XLR82XS]

Car buyers in general have to get beyond the "new shiny" mantra that car manufacturers pump out.

If we're all really into saving the planet, then much, much longer product cycles, and persuading buyers to hold onto cars for longer should be a primary objective.

OEMs not looking for long product cycles. In today's world they want built-in obsolescence so the consumer buys a new car every few years.

 

[Murph7355]

OEMs not looking for long product cycles. In today's world they want built-in obsolescence so the consumer buys a new car every few years.

Exactly. So all the green hooha is baloney ?

Govts could coerce on that front I guess. But ultimately nobody (other than end consumer) will see it as in their interests.

 

[Mr. 2021 Taycan]

The Taycan resale market is lousy but having driven every other luxury EV, I am very happy to continue joyfully driving the best EV out there. The closest thing to the Taycan is a 4-wheel drive Lucid but it is no Porsche as to handling and overall driving enjoyment. I guess we are stuck with the prom queen but I don't see that as a negative. The used car market doesn't know what it is missing, yet.

 

[KLHubb]

I purchased my CPO for 88k with an MSRP of $180,110 optioned exactly as I wanted.

Car has 12k miles. Like new and saved me $5k by already being fully wrapped in PPF so in effect, given I was going to fully PPF the car, I paid $83k.

I bought a Fidelity Platinum warranty good for 7 yrs 100k miles with the matching wheel/glass/PDR coverage for $9800.

Now I’m up to $93k

The insurance is a statistically insignificant increase over what we paid for the BMW I privately sold for way more than dealer offered.

So $93k over 7 years is $13,286 a year or $1,107 a month. At the end of the Fidelity and factory battery coverage, I suspect the battery will fare as well as the Tesla model S. The 2012 first year Performance S sold for $88k and retails today at 12 years of age for $19k. By the time Taycans get that old, the car will have proven itself so my Turbo will probably have retained similar value as the S.

If I get $15k back, my “lease” drops to $928.

If I get lucky and the battery has to be replaced, I’ll end up keeping the car another 100k!!

This is of course a lot of speculation. For now, I thoroughly enjoy driving the car and try not to focus on what the Taycan next to me cost or is worth.

I did a version of the same with my 2020 4S...bought out the lease after 3 years, added 84 months of Porsche insurance, and will drive it until the end of the decade. Amortizing the cost of ownership over 8-10 years makes it a value proposition.

 

[XLR82XS]

The closest thing to the Taycan is a 4-wheel drive Lucid but it is no Porsche as to handling and overall driving enjoyment.

According to Jason Cammisa the Lucid Air AWD is the best handling 4-door sedan he's ever driven.

 

[4NIQUES]

Hi, been a Taycan GTS ST owner for over a year now. I've listed the car for sale over a month ago and according to mobile.de the price was brilliant. I've reduced the price several times since listing with no interest generated so far. Is anyone else having trouble selling?

I know the face-lift came out, but considering the price increase I feel like a year old Taycan with just 30k km on it should be a bargain. I see a lot of other cars not being bought and I find it strange.

I recently bought a Taycan but here's the feedback I have received:
1. Taycans are not optioned well - Do you know how hard it is to find a Taycan with Mission E wheels, Adaptive Cruise and Sport Chrono?
2. Charging Network
3. Lower range than Tesla, Vinfast and Polestar
4. In some people's eyes it is still very expensive used (I think it is an amazing deal now)
5. Interest rates
6. Apparently Porsches Lease programs aren't too bad if you are afraid of depreciation and you can lease a used Taycan as well
7. Battery technology always a concern
8. I bought mine privately and the owner bought a Tesla Plaid and already owns an X. Crazy right?


Hang tight - why do you want to let it go? Can I boldly ask? It is in fact a gorgeous car!!

 

[4NIQUES]

I do need to sell it, due to my daily commute changing and requiring 3x the range that the Taycan currently gives me. I am inlove with the machine and wouldn't have changed it unless I needed to. I already am flexible with the price, but I'm not giving it away for free haha

Second hand EV market is just insane, I couldn't have guessed that a year ago, looks like I'll keep my wife's etron for now, but I'll be going for a PHEV if anyone comes around and buys the Taycan...

Does your car have extended warranty? I know a lot of people want that too - problem too is dealers are dropping the price fast. I got a 60K discount by just waiting one year

 

[Mr. 2021 Taycan]

I just drove both a Lucid Pure and a Lucid Touring this past weekend.

The Pure is rear wheel drive and you can feel the car's weight shift dramatically when you make even moderately aggressive turns. Not a sports car.

The Touring is 4-wheel drive and handles extremely well. I presume they employ torque vectoring to keep the car well planted in aggressive driving and it works really well.

My Taycan 4S has the optional rear wheel steering, power steering plus, Porsche Torque Vectoring Plus, and Porsche Dynamic Chassis Control Sport. I can't speak for other Taycan chassis configurations but my 4S handles like a 911 with much greater comfort. It's amazing.

With that said, the Lucid Touring offers tons more room and range for less money than a Taycan 4-wheel drive model. I highly recommend you take one for a test drive if you are considering a luxury EV. Let us know if you think the Lucid Touring handles as well as a Porsche.

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