Taycan 4S Cross Turismo

[DMC2]

JJMatrixx said:

Saw a TikTok chatting about crashing Taycan prices - my trade in is £55k on an 18 month old car with a £108k list price - truly bonkers.

Across all specs, there are 531 Taycans listed for sale on Autotrader. Market is flooded with them.

Never mind the fields of new cars, most of which are not even listed on the Porsche site.

[Digga]

DMC2 said:

JJMatrixx said:

Saw a TikTok chatting about crashing Taycan prices - my trade in is £55k on an 18 month old car with a £108k list price - truly bonkers.

Across all specs, there are 531 Taycans listed for sale on Autotrader. Market is flooded with them.

Never mind the fields of new cars, most of which are not even listed on the Porsche site.

Funnily enough, my car will be 3yrs in October next year. I looked at pricing a similar spec, with a few extras (about £1,600 extra) and it is now roughly £25k more.

At that money I am not really sure I'd replace it. Even with 100% corp tax write-down. I don't know what extended warranty would cost., but I would not run on without though.

[Murph7355]

Digga said:

Funnily enough, my car will be 3yrs in October next year. I looked at pricing a similar spec, with a few extras (about £1,600 extra) and it is now roughly £25k more.

At that money I am not really sure I'd replace it. Even with 100% corp tax write-down. I don't know what extended warranty would cost., but I would not run on without though.

Currently around 1k per annum in up to 3yr chunks.

I'm going to ask them when prices of warranties are reassessed, as suspect there may be some mileage in extending sooner rather than later.

[Digga]

Murph7355 said:

Currently around 1k per annum in up to 3yr chunks.

I'm going to ask them when prices of warranties are reassessed, as suspect there may be some mileage in extending sooner rather than later.

I'm sort of wavering.

I have two practical work vehicles (both on P11D) - the Taycan and a VW transporter. If I had to pick just one to keep, the VW stays, no question. It is indespensible on trips and gets used for all sorts at work too. For long trips away into the wilds, EVs, or rather chargers still don't cut it.

If the Taycan were to swapped for another low mile commuter, as opposed to being rationalised, then I would only really look at an EV and the only thing I like is a VW ID Buzz. Given the 'other' is a VW van, it is a bit daft really.

In theory with so few components and moving parts, EV's should be very reliable long term on low miles and battery usage.

[JJMatrixx]

Digga said:

Funnily enough, my car will be 3yrs in October next year. I looked at pricing a similar spec, with a few extras (about £1,600 extra) and it is now roughly £25k more.

At that money I am not really sure I'd replace it. Even with 100% corp tax write-down. I don't know what extended warranty would cost., but I would not run on without though.

Yeah, my spec has gone up about £10k or so since I ordered it in June 2021. The corp tax tail cannot wag the dog in this instance. If you can get a good lease deal and lock in the costs then it may be worth it but buying these new for cash / even PCP makes little to no sense.

Incidentally, I was looking at the Eletre as a replacement (very briefly) and it's a 5 yr / 100,000m warranty. That really makes a difference when there's this level of tech involved tbh.

Edited by JJMatrixx on Friday 10th November 15:10

[Digga]

I feel like I want to like the Lotus. A mate's driven one and I'm meeting up with him this evening, so that's definitely something I want to ask him about.

I still think my current car, if it is effectively paid for, with an extended warranty, could be cheap daily driving.

[JJMatrixx]

Anyone else following the social chatter on the Taycan market....

https://vm.tiktok.com/ZGeLqUM3L/

Wild pricing crash.

[Murph7355]

JJMatrixx said:

Anyone else following the social chatter on the Taycan market....

https://vm.tiktok.com/ZGeLqUM3L/

Wild pricing crash.

I thought TikTok was full if teenage girls dancing?

[JJMatrixx]

Murph7355 said:

JJMatrixx said:

Anyone else following the social chatter on the Taycan market....

https://vm.tiktok.com/ZGeLqUM3L/

Wild pricing crash.

I thought TikTok was full if teenage girls dancing?

If that's what you're searching for, that's what you'll find

[Triple Six]

JJMatrixx said:

Anyone else following the social chatter on the Taycan market....

https://vm.tiktok.com/ZGeLqUM3L/

Wild pricing crash.

People on Tiktok are absolutely frothing at the Taycan "crash" as if they've never understood the basics of supply/demand.

It was almost a given this would happen, hence why we (and I presume most other owners) opted to lease.

[CloudStuff]

Triple Six said:

JJMatrixx said:

Anyone else following the social chatter on the Taycan market....

https://vm.tiktok.com/ZGeLqUM3L/

Wild pricing crash.

People on Tiktok are absolutely frothing at the Taycan "crash" as if they've never understood the basics of supply/demand.

It was almost a given this would happen, hence why we (and I presume most other owners) opted to lease.

Or use for 3k miles and flip for profit :-)

[Digga]

CloudStuff said:

Triple Six said:

JJMatrixx said:

Anyone else following the social chatter on the Taycan market....

https://vm.tiktok.com/ZGeLqUM3L/

Wild pricing crash.

People on Tiktok are absolutely frothing at the Taycan "crash" as if they've never understood the basics of supply/demand.

It was almost a given this would happen, hence why we (and I presume most other owners) opted to lease.

Or use for 3k miles and flip for profit :-)

Or buy to keep.

My car's only just done over 12k miles. It's one of 3 vehicles I use. It is the go-to for commutes and shorter trips, but for holidays and longer business trips it's nearly always the VW van and for high days, holidays and especially track days the GT3.

I don't reckon an EV should prove too unreliable as a long term prospect, provided I keep a factory warranty on it.

[JJMatrixx]

BAHN-STORMA said:

JJMatrixx said:

Anyone else following the social chatter on the Taycan market....

https://vm.tiktok.com/ZGeLqUM3L/

Wild pricing crash.

600 cars for sale at an average of £60k each…. How much is that?? £400 million??!! ??

Haha...solid maths

[JJMatrixx]

Triple Six said:

JJMatrixx said:

Anyone else following the social chatter on the Taycan market....

https://vm.tiktok.com/ZGeLqUM3L/

Wild pricing crash.

People on Tiktok are absolutely frothing at the Taycan "crash" as if they've never understood the basics of supply/demand.

It was almost a given this would happen, hence why we (and I presume most other owners) opted to lease.

I have a CT4S and find the whole thing fascinating.

It's always going to be supply and demand but the speed at which used Taycan's hitting the market, Vs. the backlash against EVs and seeing them as high obsolescence tech etc is like nothing I'd have predicted. Taycan is getting hit so hard and tbh, I understand why.

[JJMatrixx]

Digga said:

CloudStuff said:

Triple Six said:

JJMatrixx said:

Anyone else following the social chatter on the Taycan market....

https://vm.tiktok.com/ZGeLqUM3L/

Wild pricing crash.

People on Tiktok are absolutely frothing at the Taycan "crash" as if they've never understood the basics of supply/demand.

It was almost a given this would happen, hence why we (and I presume most other owners) opted to lease.

Or use for 3k miles and flip for profit :-)

Or buy to keep.

My car's only just done over 12k miles. It's one of 3 vehicles I use. It is the go-to for commutes and shorter trips, but for holidays and longer business trips it's nearly always the VW van and for high days, holidays and especially track days the GT3.

I don't reckon an EV should prove too unreliable as a long term prospect, provided I keep a factory warranty on it.

Have you worked out a cost per mile? Would be interesting to know.

I remember your user name from the GT3 thread from years back...hope you still have one

[Digga]

In the past, I have ditched daily drivers too early. I had two, brand new Discovery 3’s back in the day. They still look like a decent daily workhorse to me, even 15 odd years on.

[MisterBigglesworth]

I'm trying to be pragmatic about it.

Whilst I didn't catch the bottom of the market I got the car I wanted at a price I was happy to pay at the time and would have lost much more if I had bought a new range rover which are becoming equally unsellable due to the theft and insurance problems.

Despite the heater fiascos and a infotainment system that seems to have been coded by an apprentice team of bootcamp students the rest of the car is solid and will have much less to go wrong than the usual Audi RS so long term the losses won't seem that bad if I just run it to end of life.

Still best looking wagon on the market in my opinion and is an absolute cross country missile in bad weather so I can't think of anything else I would replace it for.

Happily I have a 65k floor on its value in 3.5 years time so it's not really costing me any more than a M5 would do as long as I don't change it before end of term.

Wouldn't buy a new one though. The discounts being thrown about aren't going to help residuals at all and I think porsche now have no hope of persuading anyone who hasn't been in a coma for the past few months from paying list ever again.

[Murph7355]

JJMatrixx said:

I have a CT4S and find the whole thing fascinating.

It's always going to be supply and demand but the speed at which used Taycan's hitting the market, Vs. the backlash against EVs and seeing them as high obsolescence tech etc is like nothing I'd have predicted. Taycan is getting hit so hard and tbh, I understand why.

What "backlash"?

I think I'm as petrol fuelled as anyone, but I bought one.

As ever there's a load of old guff written in some quarters in the media/social media. A backlash?

Porsche have managed Taycan production really badly over the last couple of years IMO. But that wasn't helped by events out of their control. Tax breaks, chip shortages/Covid, Ukraine war, cost of living headaches etc.

They also probably misjudged the opening price of the car.

Depreciation is still probably not a million miles away from typical depreciation for a high end saloon/estate car. They were never going to defy gravity.

Possibly part of the problem is more people have exposed themselves to this end of the market than normally would due to the tax breaks and other issues.

Porsche could, in theory, manage their way out of this. The product is very, very good. Whether they will or not is another matter.

[JJMatrixx]

Murph7355 said:

JJMatrixx said:

I have a CT4S and find the whole thing fascinating.

It's always going to be supply and demand but the speed at which used Taycan's hitting the market, Vs. the backlash against EVs and seeing them as high obsolescence tech etc is like nothing I'd have predicted. Taycan is getting hit so hard and tbh, I understand why.

What "backlash"?

I think I'm as petrol fuelled as anyone, but I bought one.

As ever there's a load of old guff written in some quarters in the media/social media. A backlash?

Porsche have managed Taycan production really badly over the last couple of years IMO. But that wasn't helped by events out of their control. Tax breaks, chip shortages/Covid, Ukraine war, cost of living headaches etc.

They also probably misjudged the opening price of the car.

Depreciation is still probably not a million miles away from typical depreciation for a high end saloon/estate car. They were never going to defy gravity.

Possibly part of the problem is more people have exposed themselves to this end of the market than normally would due to the tax breaks and other issues.

Porsche could, in theory, manage their way out of this. The product is very, very good. Whether they will or not is another matter.

Well don't accept the term backlash if you choose but I go by data and accordingly, BEV market growth has retracted in 2023...




My CT4S is 50% depreciation in 18 months. I honestly don't see that as normal, hence the social media frenzy around the prices crashing.

[Murph7355]

JJMatrixx said:

Well don't accept the term backlash if you choose but I go by data and accordingly, BEV market growth has retracted in 2023...




My CT4S is 50% depreciation in 18 months. I honestly don't see that as normal, hence the social media frenzy around the prices crashing.

Depends where you look and which stat you look at. Sales still climbing....?

https://www.statista.com/outlook/mmo/electric-vehi...

https://www.smmt.co.uk/vehicle-data/evs-and-afvs-r...

For cars that are typically more expensive than ICE equivalents, I wouldn't call that a backlash. Especially with all other factors considered.

What are you basing your depreciation on? Buying the car from a dealer and selling back to a dealer? List price and genuinely equivalent sticker prices at dealers now?

Possibly worth a look:

https://www.whatcar.com/news/the-10-fastest-deprec...

A good number of EVs....but look at the Maser QP. Or BMW 8. Plenty of other similar saloons depreciate at similar rates. Porsche have seemingly defied gravity for a while. But eventually you can't

The market will find a value. And that will depend in part on what Porsche do next and what is driving the build up of stock. There's plenty they *could* do. Whether they will or not is another matter.

For now I don't care a massive deal. I tend to keep cars a while (5-10yrs), so will fret about it then (or, more likely, man maths something else I want into the garage ). Doesn't help if you want to sell one now though, with stock levels what they are.