Discounts on new Taycans?

[GTS440]

Nuttbelle said:

Cancelled orders galore and car parks already full of inventory and dealers looking for more compound space off site to be able to cope.
20% discounts are not that far away but probably disguised in a number of manufacturer incentives like subsidised finance , renewal bonuses, loyalty offers etc....

Anyone buying now is going to take a hiding

....and they havent even released the longer range facelift yet.

[garystoybox]

GTS440 said:

....and they havent even released the longer range facelift yet.

Don’t think the facelift is going to have any notable range increase…. Very minor update from what I’ve heard/read.

[sushi_stu]

So the question is, for a Taycan owner (22 GTS Saloon) wanting to trade in.

1: Are you better off trading in NOW for a "better price" than in the future but getting little or no discount on the next car

or

2: Trade in next year for more discount, but take a bigger hit on the trade in price?

I can't work it out.

I think dealers are pricing in the drop already as the PX prices I've been offered are laughable vs. new prices even with the discount.

FYI Porsche finance is now 11.4% (on a £100k+ car). Some dealers like Audi are up to 14.8%. Whos buying a big-money car at that?

[phib]

sushi_stu said:

So the question is, for a Taycan owner (22 GTS Saloon) wanting to trade in.

1: Are you better off trading in NOW for a "better price" than in the future but getting little or no discount on the next car

or

2: Trade in next year for more discount, but take a bigger hit on the trade in price?

I can't work it out.

I think dealers are pricing in the drop already as the PX prices I've been offered are laughable vs. new prices even with the discount.

FYI Porsche finance is now 11.4% (on a £100k+ car). Some dealers like Audi are up to 14.8%. Whos buying a big-money car at that?

I have been going through the exaxt mental financial excercise in my head today .... and didnt get to the answer either !!

Phib

[Flying machine]

I'm also considering the same, and have seen that pre-owned stock appears to have dropped considerably in price since I last looked. I was considering trading my CT turbo (used for work) in for a new hybrid Cayenne, but all that seems to be reality at the moment is very poor trade in prices and unaffected prices for new stock - hitting you on both sides. Might be worth hanging on a little longer if you can to get the most out of your Taycan and hope that dealers become more motivated in a few months time (probably wishful thinking!).

[garystoybox]

Definitely think the answer is to simply keep what you’ve got and enjoy it. Have to think the depreciation on a 2-3 year old car has to be less than on a brand new one with little discount, high apr. Just as well I love my CT- just going to keep enjoying it.

[Voodoo Blue]

garystoybox said:

Definitely think the answer is to simply keep what you’ve got and enjoy it. Have to think the depreciation on a 2-3 year old car has to be less than on a brand new one with little discount, high apr. Just as well I love my CT- just going to keep enjoying it.

I think this is the correct answer. Unless you have to sell, the loss on your current car is only on paper so selling now will only consolidate that. Alternatively if you have to sell (or want too) you need to come to a decision on what you’re prepared to accept as the cost to change and if you can find a deal that meets that criteria or better then Bob is your father’s brother. I can’t think of another way of squaring the circle.

[Murph7355]

sushi_stu said:

So the question is, for a Taycan owner (22 GTS Saloon) wanting to trade in.

1: Are you better off trading in NOW for a "better price" than in the future but getting little or no discount on the next car

or

2: Trade in next year for more discount, but take a bigger hit on the trade in price?

I can't work it out.

I think dealers are pricing in the drop already as the PX prices I've been offered are laughable vs. new prices even with the discount.

FYI Porsche finance is now 11.4% (on a £100k+ car). Some dealers like Audi are up to 14.8%. Whos buying a big-money car at that?

Looking at used prices I think garystoybox has the right idea.

I'm guessing your bid will have started with a 7?

[sushi_stu]

Correct. But there's no GTS on the Porsche website for less than 92k. I think right now, they just have too many in stock and don't want to buy them, so are offering crap money as a "go away (eff off) price.

Mine's VAT qualifying and there's none of those under £100k. so they can go and take a running jump starting at a 7.

Also, the finance rates don't just apply to buyers. Dealers have to borrow money to buy stock. So they're paying 6-10% themselves on finance....

My gut tells me to sell it next year on collecting cars or PH auction to someone who can claim the VAT and doesn't want to spend £120k+ to lose a fortune the same day...

Edited by sushi_stu on Thursday 14th September 09:51

[Murph7355]

sushi_stu said:

Correct. But there's no GTS on the Porsche website for less than 92k. I think right now, they just have too many in stock and don't want to buy them, so are offering crap money as a "go away (eff off) price....

Possibly/probably.

Though seeing a 15k-20k spread from dealers like Porsche on cars at this end of the range is not uncommon and never has been IMO.

Related to the number they have in stock, they are likely also factoring in having the car sat on the lot for a while and, as you note, financed too. Cars are sticking at the moment, and sticking for a while.

I'm not sure this situation is going to get better any time soon. And will be compounded by the facelift model being on the horizon. It should be shown in the next 6mths or so, I would think.

I think this situation looks worse right now because we're coming out of a period where car prices have been very strong for a couple of years, and coming out of it with a jolt.

If you like the car you have, I'd simply stick with it.

[DMZ]

Another factor is of course changing to something that doesn’t depreciate quite so hard, if it’s a P&L discussion mostly. That usually also means something without range anxiety and more engagement. In which case you need to do some math on likely continued depreciation on what you have vs the new thing. But doing nothing is likely to be the smartest move.

[Discombobulate]

sushi_stu said:

So the question is, for a Taycan owner (22 GTS Saloon) wanting to trade in.

1: Are you better off trading in NOW for a "better price" than in the future but getting little or no discount on the next car

or

2: Trade in next year for more discount, but take a bigger hit on the trade in price?

I can't work it out.

I think dealers are pricing in the drop already as the PX prices I've been offered are laughable vs. new prices even with the discount.

FYI Porsche finance is now 11.4% (on a £100k+ car). Some dealers like Audi are up to 14.8%. Whos buying a big-money car at that?

Good question. Conventional wisdom is to upgrade in a falling market, and downsize in a rising one as price to change will be in your favour. But that needs dealers to blink.

[sushi_stu]

I think waiting for dealers to blink is right.

I've already been chipped on PX price with the £7. But OPC Porsche will be sitting on older (overpriced) stock so the gap is massive. I think prices need to drop 10% to close the gap ton PX price and make the true price to change more sensible.

Hurry up and blink lads.

I also think used 992 prices are crazy. I have a 992 T allocation. You can build a stripper spec car for £105k. Why the hell would you buy something like this for £90k:

https://finder.porsche.com/gb/en-GB/details/porsch...

it's 3.5 years old! that's surely 80k now.

If you want a laugh stick a reg off autotrader into We buy any car. Yes, mine has a 7 but the cars being sold are often WAY overpriced. I looked at a 991.1 at an OPC, WBAC said £41,000 OPC selling for £62,999.... Ouch.

[iphonedyou]

sushi_stu said:

If you want a laugh stick a reg off autotrader into We buy any car. Yes, mine has a 7 but the cars being sold are often WAY overpriced. I looked at a 991.1 at an OPC, WBAC said £41,000 OPC selling for £62,999.... Ouch.

Received wisdom is that WBAC places no value on options, whereas the proportion of sales price constituted by options is significantly higher for Porsche than most other brands. Meaning the delta is generally larger.

[DMC2]

sushi_stu said:

So the question is, for a Taycan owner (22 GTS Saloon) wanting to trade in.

1: Are you better off trading in NOW for a "better price" than in the future but getting little or no discount on the next car

or

2: Trade in next year for more discount, but take a bigger hit on the trade in price?

I can't work it out.

I think dealers are pricing in the drop already as the PX prices I've been offered are laughable vs. new prices even with the discount.

FYI Porsche finance is now 11.4% (on a £100k+ car). Some dealers like Audi are up to 14.8%. Whos buying a big-money car at that?

Have you approached an OPC? I know that some of them have stopped bidding on Taycans

[Cheib]

iphonedyou said:

sushi_stu said:

If you want a laugh stick a reg off autotrader into We buy any car. Yes, mine has a 7 but the cars being sold are often WAY overpriced. I looked at a 991.1 at an OPC, WBAC said £41,000 OPC selling for £62,999.... Ouch.

Received wisdom is that WBAC places no value on options, whereas the proportion of sales price constituted by options is significantly higher for Porsche than most other brands. Meaning the delta is generally larger.

RPM sold my manual 997.2 GTS for £80k on SoR last year….WBAC were below £60k. When spec is important to asking price WBAC can be miles off….

[W12GT]

There should be a discount as there are currently 474 unregistered new Taycans on Porsche GB site. That’s a massive number.

Edited by W12GT on Tuesday 19th September 23:16

[phib]

On turbo's and turbo 'S" the disconts are between 7.4% to 15% ..

Phib

[bridggar1]

Not enough given the depreciation and old tech. However ICE about to increase further in price in the UK now.

[phib]

Which EV cars are considered new tech ? And what’s the differences ?

Thanks

Phib