Taycan starting to look like a bargain

[Murph7355]

Frimley111R said:

....

They'll be great value then but how many people want a large saloon car these days, irrespective of its power source?

Not sure in answer, as the big sellers seem to be SUVs and cross overs - will be interesting to see how the ST/CT does in comparison.

But prices coming down starts to put them alongside things like the Ioniq 5 & 6, or EV6. Nice as those cars are, they aren't close to a Taycan. So the latter's prices coming down will impact the formers' residuals too I would think.

And they then cascade into the other cars out there....

[zalrak]

Nomme de Plum said:

You have an a very skewed idea of depreciation if you think 21% is significant.

I don't think there is anything wrong with my view on depreciation at all. The price has dropped again, 22% now...

[epom]

zalrak said:

Nomme de Plum said:

You have an a very skewed idea of depreciation if you think 21% is significant.

I don't think there is anything wrong with my view on depreciation at all. The price has dropped again, 22% now...

And still there, I guess the market decides its worth. Anyone on here thinking that's good value yet ?

[Nomme de Plum]

zalrak said:

Nomme de Plum said:

You have an a very skewed idea of depreciation if you think 21% is significant.

I don't think there is anything wrong with my view on depreciation at all. The price has dropped again, 22% now...

You still have a very skewed idea of new car depreciation. The minute a person drives a new car out of the garage it will lose circa 20% if said person turns around and changes their mind. This car is still overpriced IMO.

The dealer will need to inspect and clean the car make a profit, contribute to company overhead and then charge VAT on the difference from trade in price.
BTW depreciation doesn't stop just because the car hasn't sold. Age and mileage both impact resale value.

[Zero Fuchs]

Nomme de Plum said:

You still have a very skewed idea of new car depreciation. The minute a person drives a new car out of the garage it will lose circa 20% if said person turns around and changes their mind. This car is still overpriced IMO.

The dealer will need to inspect and clean the car make a profit, contribute to company overhead and then charge VAT on the difference from trade in price.
BTW depreciation doesn't stop just because the car hasn't sold. Age and mileage both impact resale value.

The problem with dealers is that they never reduce the price of a car over the duration its sat on the forecourt. Realistically they should lower the price every month to keep in line with depreciation. Yet all they seem to do is wait 6 months and then lower the price, making out they're offering a discount.

"WAS £76,000, SAVE £3,000, NOW £73,000"

Yet attempt to trade in a car when there's a waiting list and, "oh but the PX value we give today won't be applicable in 3 months time as we'll have to factor in the depreciation".

[zalrak]

That car has around 1,200 miles on the clock, so pretty much delivery miles plus some demos. So it, in effect, hasn’t left the showroom yet but has still dropped 22%. Add on your 20% drop when it does leave and it now has a value of £62k.

That’s quite startling depreciation in my mind.

Edited by zalrak on Thursday 22 February 11:16

Edited by zalrak on Thursday 22 February 11:19

[JimmyJack]

Just saw on AT 71 plate 12k miles performance battery private seller £50k.
WBaC £42k but still a lot of car for £50k imo.

[Frimley111R]

epom said:

zalrak said:

Nomme de Plum said:

You have an a very skewed idea of depreciation if you think 21% is significant.

I don't think there is anything wrong with my view on depreciation at all. The price has dropped again, 22% now...

And still there, I guess the market decides its worth. Anyone on here thinking that's good value yet ?

The bigger news is just how incredibly long it has been sitting there!

[Nomme de Plum]

zalrak said:

That car has around 1,200 miles on the clock, so pretty much delivery miles plus some demos. So it, in effect, hasn’t left the showroom yet but has still dropped 22%. Add on your 20% drop when it does leave and it now has a value of £62k.

That’s quite startling depreciation in my mind.

Edited by zalrak on Thursday 22 February 11:16

Edited by zalrak on Thursday 22 February 11:19

It may be in your mind but I'm posting on the reality of the used car market. Puely anecdotal but when the 911 (991 model) came out a friend sold back his less than 3 month old car to Porsche he lost over £26K on the £100K price he paid. That's for a premium and specialist car which was in relatively short supply at the time.

The loss of just 22% for this car seems unrealistically low to me. It's about to be 9 months old and with the new registration due ands the new model already announced.

[Nomme de Plum]

Frimley111R said:

epom said:

zalrak said:

Nomme de Plum said:

You have an a very skewed idea of depreciation if you think 21% is significant.

I don't think there is anything wrong with my view on depreciation at all. The price has dropped again, 22% now...

And still there, I guess the market decides its worth. Anyone on here thinking that's good value yet ?

The bigger news is just how incredibly long it has been sitting there!

It's overpriced. At the exotic and specialist end of the car scale main dealers try and keep the used prices as inflated as possible. There whole business model operates on that basis.

[andy43]

There are Taycan adverts that have been live for over twelve months. 774 cars on there today. 30 grand by xmas!

[Nomme de Plum]

andy43 said:

There are Taycan adverts that have been live for over twelve months. 774 cars on there today. 30 grand by xmas!

That's over 9 months away as it will be 5 years old then so could well be for an originally £80/£90K new price car.

[AB]

I put my £180,000 Taycan Turbo S that I bought new this time last year in to WBAC...

On their figures it works out about £30 a mile or £8,300 a month depreciation

[zalrak]

That's absolutely fine, if you think otherwise you must have "a very skewed idea of new car depreciation"

[Nomme de Plum]

AB said:

I put my £180,000 Taycan Turbo S that I bought new this time last year in to WBAC...

On their figures it works out about £30 a mile or £8,300 a month depreciation

I think they bought of British Car Auctions which is now owned by Private Equity company.

[zalrak]

I just remembered this thread and thought I would check if the Taycan I saw in February was still for sale - and it is! Now at £74k. Will it ever sell???

[The Selfish Gene]

I'd give them 25k for it - just so I could set fire to it.

AT those prices you can get proper cars - an M2 maybe or even an Emira - can't think why anyone would buy a Taycan as a private individual - makes no sense.

[epom]

Someone posted a link yesterday (can't remember which thread) saying that they were in the top 10 for holding their money. I cab see why.

[OutInTheShed]

Even if it's priced correctly, it will still be depreciating at about £1k a month
At least.

If you want to have a car that's in warranty, there comes a point where a new car is better value, because it has more warranty.

[Murph7355]

The Selfish Gene said:

I'd give them 25k for it - just so I could set fire to it.

AT those prices you can get proper cars - an M2 maybe or even an Emira - can't think why anyone would buy a Taycan as a private individual - makes no sense.

Yawn.