Welcome to Normal Depreciation

[Ross]

https://finder.porsche.com/gb/en-GB...interior-and-exterior-mirrors&order=price_asc

Browsing Porsche Approved Used as still plan to get a CT4S to replace GTS as 6 foot 13 yr old doesn’t fit in the back of the saloon.
Came across this car. Porsche Guildford CT4S Demo. This would have sold for over list last year. £125k!
For a MY23 to this spec it’s £122k on the configurator.
It’s a month old with 4K miles and it’s lost £40k from list.
Scary!
Seems a bargain?

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[DES_MX]

This is way more than regular depreciation. If you check 4-5 year old Panamera (E-hybrid or normal), they are still selling for 60% original sticker (in NL you can look up original fiscal value, maybe other countries as well).
Where taycans from 2020-2021 (so 2-3 year old cars) are selling already at 50%.

So for sure Taycan will be the “king” of depreciation. Not just Porsche, but all EV wise. Crazy really. It was #1 best value holding EV. Now the worst. (Polestars and Teslas still holding value great even after Musk’s price reduction on new)

 

[LotusPhil]

My 71 plate CT4 was £119k new and cost me £45k less than that last month when I bought it with 17000 miles on the clock from Porsche and it’s not 2 years old yet.

 

[Tucson_Jim]

Bought my 2021 loaded Turbo with 3600 miles for $50k under sticker. Canceling my 2023 base order was the best car buying decision I ever made.

 

[TXSchnee]

Anyone who paid over list price is going to be very upset when it comes time to trade/sell their Taycan (any vehicle really). I do not think the Taycan is depreciating any worse than the other luxury EVs.

 

[WuffvonTrips]

https://finder.porsche.com/gb/en-GB...interior-and-exterior-mirrors&order=price_asc

Browsing Porsche Approved Used as still plan to get a CT4S to replace GTS as 6 foot 13 yr old doesn’t fit in the back of the saloon.
Came across this car. Porsche Guildford CT4S Demo. This would have sold for over list last year. £125k!
For a MY23 to this spec it’s £122k on the configurator.
It’s a month old with 4K miles and it’s lost £40k from list.
Scary!
Seems a bargain?

It says it's MY22- I wonder if they got the registration year wrong, as even if it had sat unregistered in a showroom for a year, I'd be surprised if it then clocked up 4,000 miles last month.

 

[Ross]

There are winners and losers everywhere!

Paying £10k over list for a showroom car stuffed with extras when the GTS ST was the new must have might have cost you £145k this time last year.
Now worth £80k.

I won on my first one
Bought for £90k
Sold for £96k after 14 months.

I am losing on my current one, but only if I sell it! It’s worth £72k now but I have a guaranteed future value of £75k on the finance deal in 11 months time so that kick in the nuts is much less painful. The car will effectively increase in value to me over the next year.
Who knows? The value might increase anyway in real terms.
It will certainly flatten out from this recent madness.

Not selling at the moment for sure!
Especially happy to postpone a corporate tax bill of £18k for another year.

Swings and Roundabouts.
Some you win……
Easy come easy go.
Plenty more cliches where they came from.

 

[Ross]

It says it's MY22- I wonder if they got the registration year wrong, as even if it had sat unregistered in a showroom for a year, I'd be surprised if it then clocked up 4,000 miles last month.

Still a good deal!
Better than paying full list for a load of extras you don’t need or want with a 10k premium. Would have been £130k last year.
The pram wheels could be changed and kept for winter.
Unfortunately can’t change desperately dull dolomite or the nasty pale interior, which is all the worse as terrible clash with dolomite!
All too pale.
Not for me despite being a tight Northerner who loves a bargain.
As I said above I can’t afford to take the kick in the nuts selling the one I have anyway!

 

[Ross]

This is way more than regular depreciation. If you check 4-5 year old Panamera (E-hybrid or normal), they are still selling for 60% original sticker (in NL you can look up original fiscal value, maybe other countries as well).
Where taycans from 2020-2021 (so 2-3 year old cars) are selling already at 50%.

So for sure Taycan will be the “king” of depreciation. Not just Porsche, but all EV wise. Crazy really. It was #1 best value holding EV. Now the worst. (Polestars and Teslas still holding value great even after Musk’s price reduction on new)

Yep. I think this recent mad depreciation will level out and even bounce back a bit. Good time to buy 2nd hand

 

[f1eng]

My problem when looking used was finding a spec I was prepared to pay for!
Now the prices are low enough to tolerate a spec some way from ideal for me!
The only absolute no options are black upholstery and privacy glass, I would even put up with a glass roof

 

[hitmonlee]

This is way more than regular depreciation. If you check 4-5 year old Panamera (E-hybrid or normal), they are still selling for 60% original sticker (in NL you can look up original fiscal value, maybe other countries as well).
Where taycans from 2020-2021 (so 2-3 year old cars) are selling already at 50%.

So for sure Taycan will be the “king” of depreciation. Not just Porsche, but all EV wise. Crazy really. It was #1 best value holding EV. Now the worst. (Polestars and Teslas still holding value great even after Musk’s price reduction on new)

This. People claim Taycan doesn’t depreciate faster than any other 4-door luxury sedans but it clearly depreciates faster than Panamera, which I don’t understand at all.

(If you don’t think it’s true, just spend 5 minutes on Porsche CPO Finder. A 2019 Panamera Turbo with more miles holds more value % wise compared to a 2020 Taycan Turbo.)

 

[DES_MX]

It will probably level out indeed. If you see sticker prices of new EVs for which there is no secondary market yet, you will cry.

BMW i5 M60 costing 108K no options. And it’s inferior 400V architecture and smaller battery (85kwh gross, 81 net).

New Chinese cars (Polestar3, Zeekr1, etc) costing around 100K when optioned.

EQE / EQS plain ugly and also around 90/120K respectively.

audi not there yet with new A6, and Etron GT is same Taycan

 

[RGBArgee]

https://finder.porsche.com/gb/en-GB...interior-and-exterior-mirrors&order=price_asc

Browsing Porsche Approved Used as still plan to get a CT4S to replace GTS as 6 foot 13 yr old doesn’t fit in the back of the saloon.
Came across this car. Porsche Guildford CT4S Demo. This would have sold for over list last year. £125k!
For a MY23 to this spec it’s £122k on the configurator.
It’s a month old with 4K miles and it’s lost £40k from list.
Scary!
Seems a bargain?

Seems good value but missing decent wheels.

 

[Ross]

The market it totally unnatural for Taycans. Such a tremendously good deal buying them NEW via a Ltd Company. The 4S arrived in 2020 and made it irresistible.
Buying a Taycan through a company for 100k is like buying one privately for 50k.
Buying them 2nd hand doesn’t work through a company so suddenly there is a huge glut of Taycans dropping on the second hand market after all the 3yr deals are heading back to the dealers. Not enough private buyers.

The value of the Panamera is currently holding up a little better because 3 year old Panameras are MUCH rarer because no one buys them because they are shit (compared to a Taycan)
Except for a few old Petrol Head Porsche fans with kids/dogs/golf clubs(yawn)

 

[Archimedes]

This. People claim Taycan doesn’t depreciate faster than any other 4-door luxury sedans but it clearly depreciates faster than Panamera, which I don’t understand at all.

(If you don’t think it’s true, just spend 5 minutes on Porsche CPO Finder. A 2019 Panamera Turbo with more miles holds more value % wise compared to a 2020 Taycan Turbo.)

There’s not much difference, but what is there makes total sense. The Taycan is not just subject to typical market conditions; it’s also dependent upon EV adoption rates, which are not going to be linear, and changes in battery technology. Anybody who didn’t think that buying a $150,000 brand new auto platform was going to be more risky than an ICE car that’s been around for a decade was delusional. Which is why I cringe every time I read a thread/post about someone stretching to buy one. This isn’t the car for people who can barely afford one. It’s really for people who could afford just parking it and walking away from it in 5-6 years.

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