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[AlexG]

If it's three year term then effectively you are gambling the car will be worth £67k or less in three years.

At least on a GTS and with order backlog likely to remain a challenge for many years, I'm not sure it would depreciate that much unless there's a cataclysmic economic crash...

But then that also could see mass redundancies.

Not really - You’re forgetting cost of capital. £890 a month is only 11% of the car’s value a year. It’s a crazy deal. I am not sure you could get finance that cheap if you borrowed 100% to buy a car with zero personal recourse. Even if you assumed Porsche’s rate of 6% (which requires upfront payments/principal payments) that’s only approx 5% depreciation a year. I wouldn’t want to bet that a dealer would pay me 85% of the car’s value for a trade in in three year’s time.

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[gusone]

If it's three year term then effectively you are gambling the car will be worth £67k or less in three years.

At least on a GTS and with order backlog likely to remain a challenge for many years, I'm not sure it would depreciate that much unless there's a cataclysmic economic crash...

But then that also could see mass redundancies.

I am not gambling anything. It’s a lease. I am giving it back after 4 years and getting a new one. I have no interest in owning any car ever again.

 

[Midlifecrisis]

Home | Octopus Electric Vehicles (octopusev.com)

EV leasing company that does salary sacrifice. We're all doing it as you get a Taycan half price (or any other EV car)

Various threads suggest that buying through a leasing company takes longer as personal customers are prioritised. It certainly seemed to be the case when I bought. Not sure that I get your other calculations - I think they depend on your personal circumstances. They wouldn’t work for me although they obviously do for you.

 

[aatothek]

Suppose to be £5k for Taycan, £3k for Macan, £10k for the GT cars as shown by dealer docs when they send you new order form. However Hatfield only asked me for £3k. Tbh not really fussed either way as fully refundable prior to lock date. However some dealers (most likely franchised) will ask for you to top up to 10% just prior to lock date which then becomes non-refundable.

Yeah. What he said! ?
I must have been smoking when I replied earlier!?
Just knew there were some scaled deposits...

 

[TaycanHero]

I am not gambling anything. It’s a lease. I am giving it back after 4 years and getting a new one. I have no interest in owning any car ever again.

By gamble, I mean were you to buy the car, it could end up cheaper should it depreciate at less than 10% a year.

Taycan's are not depreciating by that much annually, but that's the gamble: maybe they will in the next year or two.

I can see why for your financial situation this makes a lot of sense.

However, the decision shouldn't just be made on salary sacrifice alone.

You are essentially leasing the car and that should still be weighed up against other means of procuring the vehicle, even if it does see high tax savings.

 

[Speuk]

I have an it is the one I have. Octopus is the registered owner and there is an option to buy the car at the end of the lease, but why would you? I effectively pay £890 a month for a £100k specced RWD. That includes insurance, tax, service and a home charger installation (which I cannot have). And no deposit. The gross number is bigger but the tax I don't have to pay means that I am only paying £100 more a month for a £100k Taycan compared to my £50k BMW I had on PCP after considering tax, insurance and diesel. It's a total no brainer. I didn't even test drive a Taycan. I just said where do I sign?

Thanks, that is really helpful. As you say a cracking deal for a lease. I'm probably going to buy as a sole trader so get 100% first year allowance then pay the tax on the sale proceeds. If I assume a residual of 67% after 3 years then on a 100k car the net cost is £21k plus a service and 3 years insurance etc.

 

[gusone]

Thanks, that is really helpful. As you say a cracking deal for a lease. I'm probably going to buy as a sole trader so get 100% first year allowance then pay the tax on the sale proceeds. If I assume a residual of 67% after 3 years then on a 100k car the net cost is £21k plus a service and 3 years insurance etc.

Get your order in! They are are amazing. I am never going back to an ice age car!

 

[Speuk]

Get your order in! They are are amazing. I am never going back to an ice age car!

Out of interest which dealer did they source yours from?

 

[gusone]

Out of interest which dealer did they source yours from?

Portsmouth. They were going to deliver on a flatbed truck and dump it outside my house. I decided to get the train down and drive back to SE London as I wanted the Porsche experience. And the salesman's tutorial really helped! Lovely drive.

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