It is frustrating, but cars are not an investment and trying to time getting out of them into something else always involves loss. I accept that.
The problem with pcp is the interest amount, when you look at the figure around 30k in interest amount in 4 years in order to protect the residual it doesn’t make sense. Depreciation 50%+30 K interest and others payments, you loose more in my opinion.
. And many people stick to their 911s because they are not worried about depreciation (which contributes to circularity). Circularity is exactly the opposite direction for Taycan. Even interested people are now scared of buying the car because of depreciation, or some are looking to sell prematurely nervously watching the depreciation horror film.
Agreed, but money factor rates didn't start to materially climb until Q2 2023, the vast amount of folks in this thread purchased their cars prior to that.
Very true, though leases usually add an interest bump, which is the cost of the hedge. This cost is even higher if you were going to pay cash in the first place. For example, a $150K Taycan today, say 50% residual after 3 years, you probably still pay $24K in interest on the lease with maximum down payment allowed.
Good point about the CWM, I have a mission E spec GTS , maybe those will hold higher - maybe Porsche will limit production for next gen Taycan leveling the market off, maybe someday they will appreciate , but honestly, we bought this car to enjoy it, the ROI is our driving enjoyment , the car is an engineering marvel, if you can’t afford the depreciation you should have bought another car50% in a year? Seems high but it is what it is. Drive it 2-3 more years and you won't lose much at all, so almost free. Drive it 7 more years, and it will still be worth at least 20% of original price. So you have a golden opportunity, drive a car for 7 years with only 30% (MSRP) loss in value. Sounds like a great deal. The money you lost to-date is what's known as "sunk cost", it's gone, nothing you can do about it, but you can appreciate having a car with the precisely exact options that you want to drive for 7 years for 22K, no? Who wouldn't want a one-year-old Porsche Taycan, speced exactly as they want it, to drive it for 7 years for £262/month depreciation? Glass half full approach.
I paid a lot more money for my Taycan. Will likely keep it for 7-8 years, unless Porsche or some other manufacturer comes up with something which blows me away (say 1,300hp with no LC Taycan, which can do 400 miles or range at current weight or same range with half the weight, at not much more than I paid for my Turbo). There are only 2 options I would change on my car, one I would remove (InnoDrive) but since I can keep it off, I'm there already, and the other one is black window trim, which I could get for ~$1,000 but don't care enough to do it. So I'm in the same boat as you, I get to enjoy it for another 7 years with not much depreciation.
PS> Oh wait, I could not order Carrera White Metallic today unless I spent over $30K for PTS+, so I guess my depreciation is less?
I was being facetious about the CWM. It's an option like any other, which means it fully depreciates after 4-5 years. When looking at resale value of a 4-5 year old car, the dealer primarily looks at the VIN (which has the trim embedded), mileage, and condition. There may be some options like PB+ or leather interior, but they probably change the value very little. IMO white vs. CWM will make no difference in price in 4 years.
Meh. I would buy again right now, knowing everything I know, with two caveats. One, I would push the Mrs for a turbo. Two, I would be more inclined to look at CPO, although spec’ing and ordering a car is always fun, so I don’t know which I’d do. But there weren’t many CPO Taycans in 2021 when we bought, so not much of an option at the time.
