USED EV SALES WAY UP, SURPASS NEW

[GTSCarLife]

https://insideevs.com/news/692585/used-ev-prices-lowest-since-2021/

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[Jonathan S.]

"Used Electric Vehicle Prices Plummet, Sales Overtake Most New Models"

Here is the corrected headline:

"Used Electric Vehicle Prices Plummet, Although Used Sales Still Less Than A Third of New Sales"

 

[PanameraFrank]

I mean, I just paid half of MSRP for a 21 Turbo S with 10k miles. Paying new prices right now isn't worth.

 

[mystermykee]

New is always worth if they have the money and could care less about the depreciation--there's nothing like getting one to your exact specifications. No compromises....

Well, I guess there's the battery thing too. "I charge to 100% and DC charge all the time! I'm giving this thing back after 3 years anyway."

 

[f1eng]

New is always worth if they have the money and could care less about the depreciation--there's nothing like getting one to your exact specifications. No compromises....

Well, I guess there's the battery thing too. "I charge to 100% and DC charge all the time! I'm giving this thing back after 3 years anyway."

Both of these are very valid.
Perhaps with most cars the spec range isn't that great but with the Taycan I haven't found a used one with a spec I like a lot or at a price I am prepared to overlook the spec shortcomings for.

So many cars are company or lease cars used by somebody who may well not care about it much and with EVs even more so, probably, given how much you need to learn about batteries!

 

[whitex]

Perhaps with most cars the spec range isn't that great but with the Taycan I haven't found a used one with a spec I like a lot or at a price I am prepared to overlook the spec shortcomings for.

Exactly. Taycans can be very option heavy. This can cause higher depreciation since options depreciate much, much faster than base car trim (4 years in, most options have fully depreciated). When someone is looking at a used Taycan, it is likely the cars which have all the desired options will also have extra options the buyer does not want, therefore is not willing to pay for, which gets reflected in what they are willing to pay for the car. That, and it's hard to find the exact options you want. The only car I found in my search 2 years ago which had all the options I wanted had MSRP ~$40K higher than my spec (lots of options I didn't want in order to get all the options I wanted) and still it would have been a color compromise. I wasn't about to pay $65K more for a car which was a compromise on colors and had options I specifically did not want, just to get a car with all the options I did want.

 

[whitex]

I mean, I just paid half of MSRP for a 21 Turbo S with 10k miles. Paying new prices right now isn't worth.

That's about right for a 3 year old, option heavy, top trim luxury car. Check out 36month lease residual values for a build similar to yours. Pandemic was an anomaly, where dealers would sell 3 year old cars at almost MSRP.

 

[f1eng]

Exactly. Taycans can be very option heavy. This can cause higher depreciation since options depreciate much, much faster than base car trim (4 years in, most options have fully depreciated). When someone is looking at a used Taycan, it is likely the cars which have all the desired options will also have extra options the buyer does not want, therefore is not willing to pay for, which gets reflected in what they are willing to pay for the car.

A lot of people are obsessed with depreciation. I am not so the spec I am looking for has nothing whatever to do with depreciation and more to the fact my taste is unusual.
The absolute must not haves for me are privacy glass and a black interior.
That ruled out most.
I very much prefer not to have a glass roof or monochrome paintwork.
That ruled out pretty well all the others.

I didn’t need the extra power over the CT4 but the CT4S wasn’t much more expensive and the power increase is substantial even though only uses a few seconds per week!

I did want all the chassis improvements, particularly torque vectoring and rear axle steering and prefer active ARBs too.

In the end having a car exactly as I wanted was much more important to me than the price, which is obviously an important consideration but in my case not the most important one, a Turbo S was inside my acceptable budget but not worth it for my use.

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