Used Taycan Depreciation Curve
Used Taycan Depreciation Curve
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Discussion

vanman1936

Original Poster:

867 posts

239 months

Thursday 20th November
quotequote all
Mulling a used Taycan / Cross Turismo

Taycan 2020-22 - 4S or Turbo
Cross Turismo 2022 - 4S

Spend about £40-£50k.

What’s the expected depreciation curve like per year for one of these.

Alternative would be a M5 Comp 2021.

GT4RS

4,995 posts

217 months

Thursday 20th November
quotequote all
vanman1936 said:
Mulling a used Taycan / Cross Turismo

Taycan 2020-22 - 4S or Turbo
Cross Turismo 2022 - 4S

Spend about £40-£50k.

What s the expected depreciation curve like per year for one of these.

Alternative would be a M5 Comp 2021.
Can you really get a Cross Turismo 2022 - 4S for £40k

Dread to think how much a nicely optioned one of those would have cost new.

Abc321

928 posts

115 months

Friday 21st November
quotequote all
I’ve also looked recently at the same but opted for a lease due to other circumstances.

These MUST be near their bottom? Most owners swear by them. The only fault / hindrance I think is the servicing costs going forward will be double what people usually pay for cars in that ‘bracket’ (M5, RS6, RRS, etc)

SWoll

21,490 posts

278 months

Friday 21st November
quotequote all
GT4RS said:
vanman1936 said:
Mulling a used Taycan / Cross Turismo

Taycan 2020-22 - 4S or Turbo
Cross Turismo 2022 - 4S

Spend about £40-£50k.

What s the expected depreciation curve like per year for one of these.

Alternative would be a M5 Comp 2021.
Can you really get a Cross Turismo 2022 - 4S for £40k

Dread to think how much a nicely optioned one of those would have cost new.
A 2022 CT/ST will be around £45k.

Abc321 said:
I ve also looked recently at the same but opted for a lease due to other circumstances.

These MUST be near their bottom? Most owners swear by them. The only fault / hindrance I think is the servicing costs going forward will be double what people usually pay for cars in that bracket (M5, RS6, RRS, etc)
They've got to the shallower part of the curve but based on Panamera prices I'd guess will still lose another £5k a year until the battery warranty runs out (8 years, 100k miles). At that point who knows what they'll be worth?

SunsetZed

2,806 posts

190 months

Friday 21st November
quotequote all
SWoll said:
GT4RS said:
vanman1936 said:
Mulling a used Taycan / Cross Turismo

Taycan 2020-22 - 4S or Turbo
Cross Turismo 2022 - 4S

Spend about £40-£50k.

What s the expected depreciation curve like per year for one of these.

Alternative would be a M5 Comp 2021.
Can you really get a Cross Turismo 2022 - 4S for £40k

Dread to think how much a nicely optioned one of those would have cost new.
A 2022 CT/ST will be around £45k.

Abc321 said:
I ve also looked recently at the same but opted for a lease due to other circumstances.

These MUST be near their bottom? Most owners swear by them. The only fault / hindrance I think is the servicing costs going forward will be double what people usually pay for cars in that bracket (M5, RS6, RRS, etc)
They've got to the shallower part of the curve but based on Panamera prices I'd guess will still lose another £5k a year until the battery warranty runs out (8 years, 100k miles). At that point who knows what they'll be worth?
I'd suggest not too much at all if Solid State batteries have started to become mainstream.

SDK

2,353 posts

273 months

Friday 21st November
quotequote all
SWoll said:
They've got to the shallower part of the curve but based on Panamera prices I'd guess will still lose another £5k a year until the battery warranty runs out (8 years, 100k miles). At that point who knows what they'll be worth?
Refurbished Taycan batteries with low miles and 98%+ battery 'health' cost less than £8k.
Still a chunk of money but nothing like the '£45k' for a battery replacement being toted around

Frimley111R

17,828 posts

254 months

Friday 21st November
quotequote all
Have a look at the Taycan threads on here. Some of the reliability issues are truly frightening.

chip*

1,522 posts

248 months

Friday 21st November
quotequote all
Frimley111R said:
Have a look at the Taycan threads on here. Some of the reliability issues are truly frightening.
Not seen this, do you mind linking the thread so I can have a read? Ta!


Frimley111R

17,828 posts

254 months

Friday 21st November
quotequote all
chip* said:
Frimley111R said:
Have a look at the Taycan threads on here. Some of the reliability issues are truly frightening.
Not seen this, do you mind linking the thread so I can have a read? Ta!
Can't see the thread I read but look under the Porsche EV section, inc https://www.pistonheads.com/gassing/topic.asp?h=0&...

And: https://www.pistonheads.com/gassing/topic.asp?h=0&...

Ah, it was on SELOC, you'd need to sign up/in to veiw but as examples on that chat :

"A friend of mine bought a used Turbo S model (£170k new) for around £70k 18 months ago. He kept it around 12 months. In that time, he must have spent upwards of £10k on it!!! Suspension problems, charging problems, ECU issues to name just a few. Each time it went in to Porsche with a problem, they found other problems. He did have warranty but it didn't cover the Porsche labour charges so he had to make up the difference.

As someone has said above, if you get one make sure you get Porsche warranty as it will save you a lot of arguments down the line when something goes wrong. He sold it for £56k so had his pants down during ownership of the car and then lost another £14k when he got rid of it."

And

"My neigbour has a Turbo S - £180k worth but.....he reckons he's getting a new car by 'triggers broom'ing it - it has been repaired so much. He runs it under warranty and doesnt really care but I know he wouldn't run it out of warranty. Its his lease company car so he'll just hand it back when the warranty is out - I dare say it will be worth about £50 out of warranty!"

General advice seems to be is to only buy with a warranty, the best one you can afford.

Truckosaurus

12,785 posts

304 months

Friday 21st November
quotequote all
Indeed. My brother's Taycan has had some hefty warranty work done on it, but such seems to be on the interior parts (eg. touchscreen consoles) that's not EV specific so you'd have the same issues with a similarly specced ICE Panamera.

chip*

1,522 posts

248 months

Friday 21st November
quotequote all
Frimley111R said:
Can't see the thread I read but look under the Porsche EV section, inc https://www.pistonheads.com/gassing/topic.asp?h=0&...

And: https://www.pistonheads.com/gassing/topic.asp?h=0&...

Ah, it was on SELOC, you'd need to sign up/in to veiw but as examples on that chat :
Thanks, will take a read.

Frimley111R

17,828 posts

254 months

Friday 21st November
quotequote all
chip* said:
Frimley111R said:
Can't see the thread I read but look under the Porsche EV section, inc https://www.pistonheads.com/gassing/topic.asp?h=0&...

And: https://www.pistonheads.com/gassing/topic.asp?h=0&...

Ah, it was on SELOC, you'd need to sign up/in to veiw but as examples on that chat :
Thanks, will take a read.
SELOC thread: https://forums.seloc.org/viewthread.php?tid=507063

MOBB

4,187 posts

147 months

Friday 21st November
quotequote all
As an alternative, I ve had my 2020 Turbo S nearly a year and had zero issues whatsoever

Best car I ve owned by a mile and will no doubt be replaced by another when the time comes

MOBB

4,187 posts

147 months

Friday 21st November
quotequote all
As an alternative, I’ve had my 2020 Turbo S nearly a year and has zero issues whatsoever

Best car I’ve owned by a mile and will no doubt be replaced by another when the time comes

LayZ

1,771 posts

262 months

Friday 21st November
quotequote all
I've spent way too much time looking at Taycans in this price range. I've finally talked myself out of it. As discussed they are too scary to run out of warranty and any problems are going to be dealer only. They had a big problem with heater failures and parts not being available. Anecdotally Turbo S seems to be the least reliable.

Spec on these as usual with Porsche is miserly as standard. Very few of them have adaptive cruise for example. May not be important to you but after having it I wouldn't buy another car without this.

What you want is a Turbo or 4S that has been specced by someone with taste and little care for depreciation. These do exist but are rare. Many were punted out on lease deals with minimal spec because they were very attractive to run through a company.

vanman1936

Original Poster:

867 posts

239 months

Thursday 4th December
quotequote all
Ok, so there is risk. But get one with a Porsche warranty they seem like great value and very well regarded.

Anyone bought a 3/4 year old used one a year ago who is aware of how much they have lost since then?

pacenotes

387 posts

164 months

Thursday 4th December
quotequote all
Go do it.

You only live once and you will only talk your self out of it. And will never know...

Same with any expensive car, Get them with a warranty. Most main dealers give a year or two as standard even on 2nd hand cars now.

I bought my dream car a year ago, Yes everyone said don't do it. Everyone on the internet said they were crap, Always breaking down and rubbish service.

I'd love to say its been perfect driving but yes, something did go wrong, A sensor went and they booked it in and I sat in the office on work calls and they changed it free of charge. But would I call it rubbish and always complain? No its normal that things go wrong on a car these days with thousands of parts.

I was very glad of the warranty though as when I looked up the sensor price, it was only £36 it came to £700 fitted on the invoice that was sent off to Land Rover smile

Jamescrs

5,654 posts

85 months

Friday 5th December
quotequote all
SDK said:
Refurbished Taycan batteries with low miles and 98%+ battery 'health' cost less than £8k.
Still a chunk of money but nothing like the '£45k' for a battery replacement being toted around
I think the issue is whilst I agree 8k is considerably better than 45k I do wonder how many people will even want to throw 8k at the car by the time it's 8 years old or more and I imagine the technology will have moved on significantly by that point.